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All Forum Posts by: Barry Taggart

Barry Taggart has started 1 posts and replied 5 times.

Quote from @Russell Brazil:
Quote from @Barry Taggart:
Quote from @Russell Brazil:

Why do you think an agent would pressure you but not an attorney?


 It's a hefty commission if they close, nothing if they don't in this state.

The attorney gets paid either way, and it's not a lot either way


 Why does the attorney get paid either way? You're cutting him a check if the property doesn't close?


 Yes, not sure what %, but it will be something.

Quote from @Russell Brazil:

Why do you think an agent would pressure you but not an attorney?


 It's a hefty commission if they close, nothing if they don't in this state.

The attorney gets paid either way, and it's not a lot either way

Quote from @V.G Jason:

Desperation shows no shame sometimes.

Stick to your gut homie. If you feel these red flags are irreparable, ask for concessions or tell them to peace. If you feel any pressure, ask them to bear it themselves or keep the trim.

One of the most important lessons you'll learn in life is resisting the fear of missing out and the pressure to say no to things just cause of the environment you're surrounded in. This isn't me saying, say no to the deal. This is me saying doing your diligence and a no is as viable as a yes.


 Why would a real estate attorney be desperate to close?

Quote from @Chris Seveney:

@Barry Taggart

What have you they specifically done to make you feel pressured?


 Just pumping up the deal and defending the seller (who has been late on a few things).

Just wondering what reason they would have.

I am in the process of purchasing a property, but carefully evaluating it during inspection period.  Some items have come up.

It's not an expensive property or an investment property, and I feel my real estate agent and real estate attorney are pushing me to purchase it.  They attorney is basically telling me it's a good deal/this/that and it seems to be biased.  I PERSONALLY feel the attorney should be neutral and alert me to red flags and lay out my options.

I 100% understand why my real estate AGENT would push me, so ... I 100% get that, no questions there.

But I don't understand why the attorney would.  I do believe they are getting paid regardless at this stage.  They may get a little more if the property closes, but it's not a lot of $. 

Does anybody have a comment?  1) I'm curious, and 2) I'm trying to decode their statements.