You are not required to have a lawyer at all. You can handle it yourself but it is better to have a real estate lawyer do it.
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A lawyer is not required but handing one's own closing is not advisable.
It is always advisable to contact an attorney.
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New York law provides that “[n]o natural person shall ask or receive, directly or indirectly, compensation . . . for preparing deeds, mortgages, assignments, discharges, leases or any other instruments affecting real estate . . . unless he has been regularly admitted to practice, as an attorney or counselor, in the courts of record in the state” (N.Y. Jud. Law § 484). New York law also prohibits voluntary associations or corporations from performing these services, although there is a narrow exception for title insurance companies (N.Y. Jud. Law §§ 495 (3, 5)).
I think this statute was enacting to prevent unlic. practice of law. I do not believe that anyone would be prosecuted for representing themselves in a real estate transaction, either as a seller or a buyer. I am sure there are numerous instances thruout NYS where experienced non attorney investors represent themselves. However in your situation even if you are an attorney, if you are not experienced in RE transactions it is best to hire an attorney who specializes in this type of work. Good luck and call me in yo u would like a free consultation. i do cover westchester county as well as Long island
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There is no rule or law that you would be violating if you decided to do the closing yourself. It seems that you are already aware that it would be advisable to hire a real estate lawyer, so I will keep this short, but you may regret not spending the money now if a problem were to arise in the future. Attorneys generally do not charge a bank-breaking sum for these closings either.
Good luck either way!
The aforementioned opinion does not constitute legal advice and is for general educational purposes only. See an attorney licensed in your jurisdiction for competent legal advice. No attorney-client relationship has been formed through the within legal question and answer session.
By now you must feel overwhelmed with the responses, and you surely now realize, that it is not recommended that you act as your own attorney, especially, since you seem unfamiliar with the process of a real estate closing.
The answer provided to you is in the nature of general information. The general proposition being that you should try to avoid a bad outcome if you can.