1st Condo Purchase in Austin - Lawyer Needed in TX?

1st Condo Purchase in Austin - Lawyer Needed in TX?

Homeowner · Austin · Member since 2020 · 7 posts · 1 vote

My family says I should get a lawyer but their investments are in NY, CT

My broker says he's done 200+ deals in TX without a lawyer bc of the promulgated contracts

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Rental Property Investor · Austin, TX · Member since 2016 · 361 posts · 394 votes
6y

A lawyer for what purpose? The (residential) contract in TX is a standard form contract developed by the Realtor Association and their attorneys. You will use a title office, and there are attorneys there that handle that aspect of the transaction. Unless you are trying to take title in an LLC (and therefore need to form one), then you should not need an attorney.

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  • Rental Property Investor · Austin, TX · Member since 2016 · 361 posts · 394 votes
    6y

    A lawyer for what purpose? The (residential) contract in TX is a standard form contract developed by the Realtor Association and their attorneys. You will use a title office, and there are attorneys there that handle that aspect of the transaction. Unless you are trying to take title in an LLC (and therefore need to form one), then you should not need an attorney.

  • Homeowner · Austin · Member since 2020 · 7 posts · 1 vote
    6y
    super helpful! thank you Kris!

    Originally posted by @Kris Wong:

    A lawyer for what purpose? The (residential) contract in TX is a standard form contract developed by the Realtor Association and their attorneys. You will use a title office, and there are attorneys there that handle that aspect of the transaction. Unless you are trying to take title in an LLC (and therefore need to form one), then you should not need an attorney.

  • Attorney · Austin, TX · Member since 2014 · 888 posts · 759 votes
    6y

    What Kris posted.  Only thing to add, I think there's a contract for Condo's that's different to the residential resale 1-4 units, or it might just be an addendum.

  • Member since 2020 · 2 posts · 0 votes
    6y
    Originally posted by @Zain Malik:

    My family says I should get a lawyer but their investments are in NY, CT

    My broker says he's done 200+ deals in TX without a lawyer bc of the promulgated contracts

    agree with the others -- having a lawyer engaged during a transaction or present at closing is not the norm in Texas.  

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