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Ray, Lawyer
Category: Legal
Satisfied Customers: 42824
Experience:  30 years in civil, probate, real estate, elder law
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How much does it cost to have a 501 – Contract to Purchase

Customer Question

How much does it cost to have a 501 – Contract to Purchase Real Estate drawn up? It is only for real estate, no building, and I am paying cash
JA: I'm not sure of the exact price, but there's only a $5 deposit. The rest of the price information will be on the page I send you to. Because real estate law varies from place to place, can you tell me what state this is in?
Customer: Scituate, MA
JA: Have you talked to a lawyer yet?
Customer: No
JA: Anything else you think the lawyer should know?
Customer: no
Submitted: 1 year ago.
Category: Legal
Expert:  Ray replied 1 year ago.

Hi and and welcome to JA. Ray here to help you today.

You can draw this up yourself if you choose.Here are the forms

A local title company can prepare this as part of a closing, expect to pay say $150 for the contract here.They can tell you if you need a survey, check for back taxes or encroachments, easements, any other unknown problems.

Expert:  Ray replied 1 year ago.

Title companies in your area

I have always been a fan of Stewart Title.I was a closing lawyer for them and found them to offer excellent and fast service.They can act as escrow agent here to hold any money and will wire it to buyers account at closing.

I appreciate the chance to help you today.Good luck here with the sale and purchase.

Expert:  Ray replied 1 year ago.

It is much appreciated if you can 5 star rate.Thanks again.