How many times people tell you to avoid exactly the thing you need? When you want to start a business and try to get their opinion, they always tell you that the idea is not good. In the same manner, when you are about to enter into a real estate transaction, you have these people around you who tell you that you don’t need a real estate lawyer. Asaf Izhak Rubin says that this is the worst piece of advice that you can get from anyone around you. Not only does it give you the wrong impression of real estate lawyer, but also keeps you away from the benefits of hiring one.
So, why is it so important for you to have a lawyer by your side when you can complete the transaction with your real estate agent? Of course, they will take care of the entire process for you, right? Wrong! Let’s discover the problem in doing so.
An Agent Makes Money from the Buy/Sell
The most important thing you have to keep in mind is that when you buy or sell a house, the main purpose of the real estate agent is to make that transaction possible. Of course, you can’t deny the fact that their livelihood depends on the sale and purchase of these properties. They will favor the buyer if the buyer is a strong party and vice versa if the seller is strong. At the end of the day, they get their money for closing the deal. On the other hand, a real estate lawyer’s job is to close the deal successfully. In other words, a lawyer might not be off the hook even if the transaction is about to come to a close.
The lawyer has to make sure that everything is done according to the agreements and in the light of the law. If anything seems misplaced, you have the professional lawyer taking care of everything and making sure the transaction is not completed unless you are fully satisfied with everything.
Real Estate Agents Can’t Fight Your Case
At times, you have homeowners who are quite clever in terms of how they present the property and its documents. Even the real estate agent who is primarily taking care of the transaction cannot spot the issue with the documents. Now, when you end up discovering that there is something wrong, they can’t do anything about it. Keep in mind that a real estate agent is exactly what their title of the job says. They can’t fight your case in the court for you because they are not authorized to do that. Even if you prove that the documents were fake, you have to prove that you did not know it at the time of closing the deal.
Proving such things in the court is not easy.Asaf Izhak Rubin says that the other party also has a lawyer who is coming up with every reason in the world that makes others believe that you knew about the issue all along. So, to prove your innocence in the court and get out of a collapsed real estate deal, you have to have a lawyer on your side. That’s exactly what a real estate lawyer is all about. When you hire one, you have insured yourself from any damages that might come your way as a result of negligence or oversight at the time of signing the papers of the transaction.
Final Thoughts
So, after all this, Asaf Izhak Rubin asks you the question, “If you are not going to hire a real estate lawyer, then who are you going to help from when something goes wrong?” What do you think? Is it better to involve someone in the case when things have already gone south and then tell them everything from the beginning or to involve someone from the beginning to ensure nothing goes wrong in the first place? It’s for you to decide.