Buying or selling a property can be stressful enough without having to worry about legal problems. When I decided to buy a property in Sydney, I suddenly found myself tangled up in a legal dispute. I had signed a contract which was now being disputed by the seller. I sought advice from a friend and he recommended a local real estate attorney. The attorney helped me to understand the issue and he defended my position in court. Thankfully, the issue was resolved in my favour and I was able to get on with my life. I decided to start posting on this blog so I could offer advice to others.
Real estate solicitors are responsible for giving counsel during commercial transactions and negotiations of the client's property. From estate management to leasing and conveyancing, a real estate lawyer not only tries to get the best value for their client but helps to litigate issues that may arise relating to property and real estate during a transaction. Their knowledge of property law is essential for safe and successful real estate management. This article explores some of the main benefits of hiring a real estate solicitor.
Safeguarding of rights
A real estate lawyer is responsible for collating the necessary documents needed to complete transactions, in addition to researching the specific legal issues that may arise during real estate negotiations. The solicitor will represent the best interests of their client, not only protecting them from any unfair deals but getting them an attractive deal offering the best value.
Unbiased Advice
During a transaction or litigation of a legal complication which falls under property law, having a real estate solicitor increases your chances of having your demands met. Impartial and motivated by their client's success, the solicitor provides sound advice that disregards the emotions and feelings that may cloud the judgment of their client during real estate transactions.
Professionalism and Experience
Experienced real estate lawyers have a keen eye for details and are able to note and highlight important clauses to the client during a binding transaction that may be overlooked. Each business entity has its own system of operations, which makes it an advantage to have a solicitor who will help you navigate through the process of engaging in real estate transactions with these entities. A real estate lawyer is also responsible for drawing up real estate contracts, handling negotiations and ensuring compliance with charter agreements. Their experience helps them note stipulations that may be easily overlooked and may bring complications later after the property-related transactions.
Property Investigation
Real estate solicitors safeguard the interests of their clients during a potential property acquisition by conducting due diligence on its background and viability. This makes transactions safer for their clients, with reduced chances of legal complications arising later after closing a deal.
From the above discussion, it is clear that real estate solicitors form an integral part of your advisory team when handling a real estate transaction. Their vast knowledge and experience in dealing with property law serve to protect your interests and get you the best value from property-related transactions.