SELLER REPRESENTATION QUOTE
Based on the following sales price, below is our fee quote for your sale as well as an explanation of what services are included with our fee:
Property: {propertyAddress}
Sales Price: ${salesPrice}
Our Fee: ${ourFee}
*For high value sales over $2,500,000 we recommend you request a customized quote
Included with the fee above are the following services:
- Drafting and negotiating final form of purchase and sale agreement. Our fee is contingent upon our office preparing the initial draft of the purchase and sale agreement in accordance with local custom.
- Assisting with obtaining mortgage loan payoff for outstanding mortgage loans
- Drafting deed and power(s) of attorney for closing
- Reviewing settlement statement and closing documents presented for signing by closing attorney/title company, making appropriate edits thereto.
1. The fee quoted is based on the sale of a 1-4 unit residential property being delivered vacant. In the event that there are tenants remaining, we may notify you that the above fee will be increased.
2. The fee quoted above is based on the attorney handling the closing remotely, in accordance with custom local conveyancing practice. In the event that the Client requires in-person attendance at closing, the fee will be increased based on the Attorney’s estimate of additional time spent traveling and attending closing, charged at an hourly fee of $250/hour. In-person attendance at closing must be arranged and agreed ahead of time, otherwise attendance will be subject to the Attorney’s availability.
3. In addition to the foregoing fees, any and all out of pocket costs paid by Attorney on behalf of the client or in connection with the foregoing matter shall be paid or reimbursed to the Attorney by the Client. Such of these costs and out-of-pocket disbursements which Attorney may make in connection with these matters are, including but not limited to certified copy fees, recording fees, fees to obtain certificates and the like, overnight fees and other out of pocket fees.
4. The above fees do not include additional services not contemplated at the time of the execution of this Agreement. By way of illustration, in a matter involving representation in the sale of real property, the following services are not included in the flat fee:
a. Services clearing title defects shall be considered additional service, including but not limited to clearing undischarged or improperly discharged mortgages;
b. Drafting documents over and above deed, trustee certificate and power(s) of attorney;
c. Services involving disputes or litigation with Buyer or any party to the transaction.
d. The scope of the Attorney's representation does not include any opinion of the value of the real property being sold, nor is the Attorney able to provide any tax advice relative to your sale.
5. In the event that representation is terminated and/or the closing does not occur for any reason, then the fee will be apportioned based on the amount of work performed as reasonably determined by the Attorney. In the event that sales transaction is terminated by no fault of the Client or due to matters beyond the Client’s reasonable control, so long as you continue to market the real property for sale and agree to retain the attorney to represent you in a subsequent sale of the Premises, the Attorney agrees to charge the flat fee above increased by $150 at the time of your subsequent sale (presuming the attorney has already spent in excess of one hour of his time in connection with the pending transaction).
6. By agreeing to have the Attorney represent you, you authorize the attorney (if applicable) to consent on your behalf to Buyer requests for extensions of not more than three business days to financing contingencies. If this is not acceptable, you must notify the Attorney and receive a written acknowledgment from the Attorney. We recommend allowing the Attorney to extend to such short extensions on your behalf to avoid the risk of further delay or termination of the transaction.
7. Sales Proceeds. Although it is nice to have funds immediately available, it is our recommendation that, unless immediate liquid funds are needed for a pending purchase, that your proceeds be paid to you at closing in the form of an Attorney’s trust account check. Though your bank may not clear the check for a few days, we find that the inconvenience is justified as it avoids the very real risks associated with wire fraud plaguing the real estate industry. Unless we hear otherwise, and unless we are aware of a pending purchase, we will arrange to have your proceeds delivered by FedEx to our office for pickup on the business day.
8. If there are more than one Seller requesting joint representation, then any and all communication shared with us can and should be expected to be shared with all Sellers being represented. Further, under the rules of the Supreme Judicial Court governing the representation of multiple clients, an attorney is permitted to represent multiple clients when it is “obvious that he (or she) can adequately represent the interest of each and if each consent to the representation after full disclosure of the possible effect of such representation on the exercise of his independent professional judgment on behalf of each.” In the event that there is conflict and/or the Attorney determines that he is not able to exercise independent professional judgment on behalf of all Sellers collectively, he shall be required to cease representation and advise all Sellers to seek separate and independent representation.
9. THIS QUOTE DOES NOT INCLUDE SERVICES IN CONNECTION WITH A SO-CALLED SHORT SALE TRANSACTION WHEREBY YOU ARE SEEKING TO SELL THE PROPERTY ON THE CONDITION THAT YOUR MORTGAGE LENDER OR LENDERS WILL ACCEPT LESS THAN THE FULL AMOUNT OWED TO DISCHARGE ITS OR THEIR MORTGAGE(S) FROM THE PROPERTY.
Harrington Buck PC and its attorneys reserve the right to terminate services if, in the attorney's discretion, there has been a breakdown in the attorney-client relationship; the attorney is unable to continue to effectively represent the client; and/or if the attorney is requested to take action that the attorney deems unethical or against Firm standards.
Fees quoted are subject to verification by HBPC. Fees may be adjusted if misquoted due to technical error with online form.
