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Closing Attorney vs. Title Company (Which Legal Entity Do You Need To Close Your Real Estate Deal?)

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Closing attorney or title company? When focusing on closing your real estate transaction fast, sometimes there is one looming question. Do I need a closing attorney, or do I need a title company or both?
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In this article, I will break down what’s in your best interest throughout the closing process, what is obligated by federal law, and which options have the potential for the soonest real estate closing date.

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What is a closing attorney?

Many moving pieces need to come together when buying or selling a home to succeed. One of the most important is the closing.

This is when the sale is final, and the new homeowners take possession of the property.

Sometimes buyers and sellers will do the closing on their own, but often they’ll need help from a closing attorney. This legal professional handles all the paperwork and ensures everything goes smoothly on closing day.

A good attorney or closing agent will keep you informed every step of the way and make sure that you understand what’s happening.

They’ll also work with your mortgage lender and real estate agent to ensure everyone is on the same page if you have any existing mortgages, discussions for insurance policies, dealing with complex transactions, and other legal advice. 

Your closing attorney will also be your point of contact for any problems with your new property. In most cases, this person will be the first to handle any title issues that may arise after you take possession of your new home. 

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How to choose a good closing attorney?

When buying a home, your closing attorney will represent your interests and ensure everything gets done right.

They’ll also be your go-to person for any questions or problems that may come up after the closing. As you can see, there are a lot of benefits to hiring a good closing attorney.

You’ll want to make sure that you choose the right one for your needs and give them all the information they need to ensure that your home purchase goes smoothly.

Some good ways to choose a closing attorney include:

  1. Look for someone with experience in real estate law. You’ll want to ensure that this person has handled many transactions, so you can feel confident that you will have a smooth transaction.
  2. Consider recommendations from friends and family members who have purchased or sold a home in the past.
  3. Read reviews from past clients to see what others have to say about their experience working with this closing attorney.
  4. Ask your real estate agent for recommendations on who they work with most often for home closings, as these attorneys are likely to be in good standing and have a high level of expertise in this area. 


Ultimately, the right closing attorney can help you ensure that you, as a home buyer(s), can have a purchase that goes smoothly and keeps things running efficiently on closing day. If you’re looking for someone to help with your real estate transaction, then be sure to research and find the right way of professionalism for your needs.​ 

There are many things to consider when choosing a closing attorney. You’ll want to find someone with the right experience, knowledge, and skill set to ensure your transaction goes smoothly. By considering these factors and researching potential candidates, you can feel confident that you’ve found the right professional for your needs.​

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Do I need a title company?

When you’re buying or selling a home, many different people and companies will be involved in the process. You’ll need to work with a settlement agent, a mortgage company, and a closing attorney.

One of these important parties is the title company, which handles all the transaction paperwork and ensures everything goes smoothly on closing day. If you’re wondering whether or not you need a title company, here are some key benefits they can provide.

  1. Simplicity and convenience. When you work with a title company, it will take care of all the transaction details for you, including payment processing, contract review, and more. This can save you time and hassle, so it’s worth the investment. 
  2. Professional expertise on your side. A good title company will have years of experience handling real estate investment transactions, so they’ll be able to help you with any problems that may come up along the way. They’ll also provide expert guidance and advice to help you prepare for the closing process. 
  3. Peace of mind. A good title company will work hard to ensure that everything goes smoothly on the closing date because there are some title issues, so you can feel confident that your transaction will be completed without any issues or problems.
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What does a title company do?

Title firms guarantee the validity of the legal documents and title insurance policy to a building or other piece of real estate. A title insurance firm or title agent searches public records to ensure no title problems. 

They will confirm the legitimacy of all liens on a property and the legal claim of title to the property. They also cover the current owner of a piece of real land and any prior owners. There are several costs associated with title searches. These include: 

  • Title search fees – The title agent must review all records associated with the property, including deeds and easements, to confirm the validity of your ownership. This typically costs between $75 and $300, depending on the size and location of the property. 
  • Title insurance – In addition to confirming the legitimacy of your claim, title firms also insure you against any losses if someone else attempts to gain ownership of the property. Title insurance is based on the purchase price of your home sale and can cost between 0.5% and 1% of this amount.
  • Necessary Document preparation – A title agent may charge a fee to prepare the final paperwork to transfer ownership to you. This can cost between $100 and $200, depending on the size of the property. 


As you can see, many costs are associated with title search and insurance services. By researching and finding a reputable firm that meets your needs, you can rest assured that everything will go smoothly when you buy or sell a home. Working with a title company is important if you buy or sell a home. 

These professionals can help simplify and streamline the process, providing expert guidance and advice. They will search public records to confirm your ownership’s legitimacy and cover you against any potential losses that may arise.

Closing Attorney vs Title Company FAQ frequently asked questions

Frequently Asked Questions

Should I choose a closing attorney or title company?

This is often a question when people are buying or selling a home. Ultimately, there are many factors to consider when making this decision. Such factors are the cost of each option, their level of experience, and their expertise in real estate transactions. 

Some good considerations to keep in mind include:

1. Whether you prefer to work with a professional or licensed attorney focused on real estate transactions, such as a closing attorney, or one that provides a more general range of services, like a title abstract, personal property, commercial property, title defects, settlement statement, a chain of title, or any legal guidance;

2. How much you’re willing to spend on this aspect of the transaction;

3. Whether you would benefit from working with a professional with in-depth knowledge and experience in the real estate market; and

4. Whether you prefer to work with a local or national company in scope.

Ultimately, whether you choose a closing attorney or title company will depend on your specific needs and preferences, as well as the particular details of your transaction.

However, it’s important to do your research and carefully consider your options before making this decision, as it can significantly impact the success of your home purchase or sale.​

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Do you need an attorney for closing in New York City?

Yes, in New York City, having an attorney present at the actual closing is necessary by law. The closure is often scheduled by an attorney, who works with the parties to organize schedules for the closing day. 

In addition to providing legal advice and guidance throughout the transaction, an attorney can also assist with reviewing and negotiating the contract, ensuring that the contract is legally sound and protecting your interests from beginning to end.

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How much are attorney fees for closing in South Carolina?

Depending on the type of transaction—a purchase or refinance—and the loan size, the attorney costs may change. The attorney often charges between $1000 and $2000 in total fees. 

However, you may be able to negotiate a lower fee if you have a favorable relationship with the attorney or work with them frequently. 

Compared to North Carolina, South Carolina has slightly lower attorney fees, making it a cost-effective option for many homebuyers. 

Attorneys also maintain a good attorney-client relationship that works on parties’ interests and provides you with additional legal terms of advice and answers on such issues on real property.

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How can you choose the right attorney for your closing needs?

Several factors should be considered when choosing an attorney to assist with your real estate transaction. One of the most important considerations is experience and reputation. 

You should ensure that the attorney has extensive experience handling real estate transactions in your area and look for positive reviews or recommendations from previous clients. 

Additionally, you should consider the fees charged by different attorneys, home inspectors, and buyer’s agents and choose one within your budget.

Finally, it’s a good idea to meet with multiple attorneys before making a final decision to ensure you choose the one you feel comfortable working with. 

To find the right buyer’s or seller’s attorney for your real estate transaction, consider several factors, including experience and fees. 

By researching and choosing an experienced attorney who is up-to-date on local laws and regulations, you can be confident that your real estate transaction will go smoothly.​

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Is an attorney required for closing in the state of Florida?

There is no legal requirement in Florida that a real estate attorney supervise your residential real estate transaction.

A title insurance firm can handle your closing. This means you can legitimately purchase a home or condominium in the state without ever seeking legal counsel.

However, if you are dealing with big real estate issues, having your own attorney is advisable for you to be guided on a legal basis and help you have a closer look at legal terms. 

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What are some benefits of hiring a real estate attorney? 

One major benefit of working with a real estate lawyer or a seller’s attorney is that they can help protect your interests and ensure that the terms of your contract are fair and reasonable.

This can be especially important in cases where the seller is asking for a high selling price or where you are concerned about potential structural issues with your new home. 

Additionally, an attorney can help resolve any disputes that may occur during the transaction and can offer guidance on navigating any challenges of disclosure form that come up as you complete the process.

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What is an escrow account?

Escrow is a legal arrangement in which a third party accepts and disburses funds or property on behalf of the principal parties to a transaction, with the disbursement subject to terms established by those parties.  

Typically, an escrow account is used in real estate transactions to hold the funds used for a down payment and other financial obligations until they are due. The escrow account may also be used to pay property taxes or HOA fees on behalf of the borrower. 

Many escrow agents explain to you in some cases that the escrow account may also be used to cover costs related to the repair or maintenance of the property.

Overall, an escrow account is a user that can help provide financial security and peace of mind during your real estate transaction.

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Are there any risks associated with using an escrow account?

While there are many benefits to using an escrow account, it is also important to be aware of the potential risks.

For one, depending on your specific situation and the terms of your contract, you may be responsible for paying additional fees or penalties if your escrow account does not have sufficient funds to cover your obligations.

In addition, there may be times when additional repairs or maintenance are needed on your property, and the escrow account needs more money to cover these costs.

This can leave you with unexpected financial burdens and may even cause delays in closing on the sale of your home.

As such, it is important to review the terms of your real estate contract carefully and to discuss any concerns or questions about your escrow account with your real estate attorney before signing on the dotted line.

With this information, you can make an informed decision about whether or not an escrow account is right for you and your particular transaction.

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What is a real estate settlement procedures act?

The real estate settlement procedures act, or RESPA, is a law to protect consumers when buying or selling real estate.

This law mandates that all parties involved in the transaction must disclose any fees and costs associated with the sale, including those related to the lender’s policy, property survey, title insurance company, and other third parties.

It also requires all parties involved to act in good faith when completing the transaction, ensuring a fair and transparent process.

Additionally, RESPA requires that buyers have a certain amount of time to review all of the relevant documents related to the sale before signing on the dotted line.

If you are considering buying or selling real estate, it is important to understand the real estate settlement procedures act and how it may impact the beginning of the transaction.

With the right legal counsel, you can feel confident that you are making informed decisions throughout the process and protecting yourself against any potential risks or challenges.

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Are attorney states have free consultations?

There is no single answer to this question, as the availability and accessibility of free legal consultations can vary depending on several factors, such as the law firm or attorney in question, your location, and the type of issue you are facing.

Generally speaking, some law firms and attorneys may offer free initial consultations to help you understand an investment property, title commitment, sale agreement, sales contract, loan documents, and general information concerning legal issues.

If you are a new owner, it is important to consult with an experienced real estate professional or a buyer’s attorney so that you can make informed decisions and protect your legal rights during the transaction.

That said, it is always a good idea to do some research ahead of time and reach out to law firms and attorneys in your area for more information about their services and whether or not they offer free consultations.

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Is the seller’s agent provides a marketable title for commercial real estate?

There is no definitive answer to this question, as the role of a seller’s agent in a commercial real estate transaction will depend on the particular circumstances of each case.

In general, buyers and reputable lenders need to work with an experienced real estate professional who can help facilitate the transaction and ensure that all legal requirements and title reports are met before the closing table.

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Buying and selling real estate properties can be complex, and working with an experienced real estate attorney who can help protect your interests throughout the transaction is important.

Whether you are looking for legal representation during a residential or commercial sale, there are many benefits to hiring a reliable attorney who can help guide you through all aspects of the process. 

When choosing a real estate lawyer, some key considerations include experience, fees, and client reviews or recommendations.

Additionally, it is important to carefully review all documents and contracts to ensure that you are protected throughout the real estate transaction. 

Overall, by utilizing the services of a real estate attorney, you can be confident that your interests will be well-represented and that you will have peace of mind as you buy or sell a property.​


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2 Responses

  1. Reading your article helped me a lot and I agree with you. But I still have some doubts. Can you clarify for me? I’ll keep an eye out for your answers.

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