When it comes to buying or selling a property there is no obligation for you to seek legal assistance such as the hiring of a property lawyer. With this being said, there are a number of pros and cons of doing so, which we are going to look further into here. When buying or selling, you get the feeling that you are leaking money already, so adding the cost of a lawyer to that can be something which people don’t want to do. With this being said, it is important to weigh up these pros and cons before making that call.
Pros of Hiring a Property Lawyer
- Cutting The Red Tape
When it comes to a great property lawyer Melbourne has such a wide range of options and one of their most important jobs is to help clients cut through the red tape involved with real estate. Buying and selling a home requires plenty of paperwork, which your property lawyer will be able to help you with.
- Swift Issue Resolution
If there are any legal disputes between you and the buyer/seller, your very own family lawyer taking care of the situation can resolve them in no time at all. Let’s say that you have an agreement to buy/sell, and that is then broken, your lawyer will be able to help you enforce it. Additionally there is less risk of a legal dispute because of the fact that you have a lawyer.
- Contacts
It is also important to factor in that your lawyer works in the real estate industry and that means that they have a wide network of connections which you could rely on. Whether you need financial help and advice or a great moving firm, your family lawyer will be able to help you out thanks to their wide range of contacts.
- Protection
If you have a property lawyer by your side then you will be far better protected throughout this deal, meaning that there is no risk of you losing money or getting into legal hot water.
Cons of Hiring a Property Lawyer
- Cost
As we have mentioned, buying or selling a property is already expensive enough, without having to worry about shelling out for an extra service. This is certainly something which needs to be factored into your decision.
- Too Busy
Some lawyers, a family lawyer for example, will work incredibly hard for your interests and your interests only, property lawyers however notoriously have a huge list of clients who they are working with. This may mean that you don’t get the level of attention which you hope for, or at the very least that they are not there as and when you need them. This is especially true when you are working with a property lawyer who represents a large firm.
As you can see, there are more pros than cons when hiring a property lawyer. Whether you are buying or selling a property this is certainly something which you should consider, the choice however will eventually be yours.
