Is $7000 an appropriate amount for an attorney to charge on a closing of a house as a seller? 3 Answers as of June 26, 2017

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Ashcraft & Ashcraft, Ltd.
Ashcraft & Ashcraft, Ltd. | Randall C. Romei
On its face $7,000 for a closing seems excessive. However, did the attorney handle other matters besides a mere contract and sale transaction? Were there zoning, building code, probate, title clearance or other matters that impact the ability to sell the property that had to be dealt with in order to complete a sale?
Answer Applies to: Illinois
Replied: 6/26/2017
Law Office of T. Phillip Boggess | T. Phillip Boggess
$7000 seems high for a residential real estate transaction. Was that the attorney's fee alone or are you including the compensation as title agent? Depending on the price of the house, the compensation for title agent could easily clear $2500 and maybe a lot more if the price of the house was high enough. Also, the other aspect where the attorney's fee would increase would be if there were additional aspects which needed to be addressed for a sale (i.e.?renter needed to be removed, short sale, etc.).
Answer Applies to: Illinois
Replied: 6/26/2017
Shimberg and Crohn, P.C. | Jonathan Shimberg
Way out of line.
Answer Applies to: Illinois
Replied: 6/26/2017
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