Connecticut requires attorney involvement in real estate transactions. Here's how the process works and what it costs.
Connecticut is an "attorney state," meaning a licensed attorney must handle real estate closings. Understanding this process helps ensure smooth transactions.
## Attorney Requirements
### What Attorneys Do - Title examination and insurance - Document preparation - Closing facilitation - Fund disbursement - Recording of documents
### Selecting an Attorney You typically have two options: 1. Lender's preferred attorney 2. Your own selected attorney (may require additional coordination)
## The Closing Process
### Pre-Closing - Title search ordered - Title issues resolved - Documents prepared - Closing scheduled
### At Closing - Review and sign all documents - Address any last-minute issues - Exchange keys - Record deed
### Post-Closing - Documents recorded with town clerk - Title policy issued - Final disbursements made
## Typical Costs
### Attorney Fees - Buyer's attorney: $800-$1,500 - Seller's attorney: $500-$1,000
### Other Closing Costs - Title insurance: Based on purchase price - Recording fees: $40-$100 - Transfer taxes: Split or negotiated
## Connecticut-Specific Issues
### Conveyance Tax Connecticut imposes a real estate conveyance tax: - State: 0.75% on amounts up to $800,000 - Additional 0.25% on amounts over $800,000 - Municipal: Up to 0.25%
### MERS Issues Some attorneys have specific requirements regarding MERS loans.