How a Consumer Hired a Lawyer to Draft a Joint Purchase Agreement in Connecticut

In 2024, a personal client in Connecticut posted a project seeking assistance with drafting a joint purchase agreement. The client aimed to structure a novation agreement for purchasing a seller's house, planning to secure a loan to renovate the property before reselling it for a profit. Given this was their first experience with such a transaction, the client needed guidance on structuring a deal that would ensure all parties agreed to the financial terms involved. As a result, the client received two proposals from licensed lawyers, with flat fee bids ranging from $850 to $2,000, all submitted to meet the requested deadline of one week.