When doing a property deal, it may seem like a good idea to try and get it done yourself without a lawyer. While this may seem like the cheaper route to take, there’s actually some very good reasons to hire a Sydney property lawyer for your property deal.
Here are 6 reasons why you should hire a property lawyer in 2022:
1. A Property Lawyer Will See Problems With the Property and the Deal Where You May Not
Property lawyers have gone through hundreds, potentially thousands of property purchases and sales over the years, and have seen it all. They know what tends to happen, what to look for, and what can go wrong.
This could include things like future development, restrictions regarding the use of the land, non-complying structures or even environmental issues that you may never have been aware of.
As such, having an experienced property lawyer on your side will help you to make sure there are no problems with the property or the deal which could catch you out and cause you years of headache and stress, and thousands of dollars to solve.
Property is complex, and the legal side of it is no better, so having someone who has been through it countless times is a way to ensure that you are not getting caught with a bad deal due to inexperience.
2. A Property Lawyer Is the Only One Protecting Your Interests In the Deal
When you are doing a property deal, the other party is looking out for their interests. They want to get the most money for their home, or they want to pay as little as possible. On top of that, sometimes people are willing to do dishonest things, or push legal and ethical limits.
An experienced property lawyer will know the common tricks used and will ensure that your end of the deal is a good one, so that you are not being taken advantage of. They will look over the deal and advise you on where you could negotiate better terms or where perhaps you should not proceed with the deal at all.
3. A Property Lawyer Can Save You Money and Time
While it may seem like it’s quicker and easier to just do it yourself, a property lawyer can actually save you time and money. They have been through the process many times, so will know exactly what to do, how to do it and what it takes to get it done in the quickest and cheapest manner.
This can actually end up costing you less overall than if you had done it without them and not known about these things. Not to mention the time spent figuring it all out on your own.
4. A Property Lawyer Will Know About Government Grants and Other Incentives
Often times there are government grants and incentive programs when buying property, especially for first home buyers. A property lawyer will know about these, and will be able to advise you on how you can take advantage of this.
These schemes can save you up to thousands of dollars, so that in itself can often make having a property lawyer worthwhile, as it’s likely that you would not have known about these otherwise.
5. A Property Lawyer Will Know the Law Inside and Out and Ensure the Deal Is Done Right
There are many pitfalls when it comes to the legal side and the paperwork for a property transactions. Minor details can trip up a buyer or seller which can cause huge headaches and big costs to resolve.
A property lawyer’s job is to ensure this doesn’t happen to you. As they have been doing this for a long time, they will know exactly what needs to be done, and will make sure it’s done correctly so there are no surprises later.
They will also be able to help you with other issues such as delayed settlements, issues with the bank, cool down periods and more.
6. A Property Lawyer Will Be Able to Help You Negotiate a Better Deal
Having experience doing these deals for many years, a property lawyer will be able to look over your deal and see where you can negotiate a better deal, whether it’s price, better terms or something else.
Because they have done this so many times, they will know things you don’t, so they can use that experience to help you either save money if you a buying, or get more money if you are selling.
If you are looking at doing a property deal, whether it’s buying or selling a property, give us a call on 02 9958 2407. We specialise in property transactions in Sydney and are able to help you make sure it’s done right and get the best deal possible!