Buying a home is one of the biggest decisions we take in our life and even more important is taking a legal opinion in doing so. It is important so that you are safe from any frauds that might otherwise take place. An opinion of the expert does make a big difference in how you look at a property. To know why we need a legal opinion before buying a home, let us look into the various benefits that one may get by taking this step.
Benefits of taking legal opinion while buying a home
Works in favour of the buyers: Many buyers are so excited about buying a home that they don’t take into consideration the most important aspect of it and that is the paperwork. Without proper paperwork, one can fall into a ditch in the future. A buyer might not be able to gauge these obstacles coming but a legal expert can. He or she will guide on the pros and cons of buying the property and give a second thought so that you are saved from future disputes. Even when we take smaller decisions in life, we like to seek advice from our seniors and elders. That gives a better understanding of the scenario.
Assistance in getting the paperwork: While it can be difficult for a buyer to get all the paperwork and documents in one place, a lawyer can get this done in a shorter span of time. Everyone is scared of legal implications and when you meet the builder, you being accompanied by a lawyer, the builder will be more serious in providing the documents as soon as possible. You will also be able to check whether the documents are authentic or mere manual work to get the property sold. With so much help from a lawyer, you can’t do without a legal opinion, can you?
It costs you but works to get things transparent: Well, when you hire a property lawyer, you need to pay them. They don’t come for free unless you know someone in the similar field. When the builders give you the Deed, it is the lawyer who can cross check if the Deed is in favour of both the parties or only of the seller. The buyer’s agreement needs to be signed by both the parties and this also will be taken care of by your legal friend. If the agreement has any hint that signifies that the property has any complications, it will get transparent before you get into a messy situation.
Approvals Happen seamlessly: When you go to a buyer and ask him for all the approval documents, he might hesitate for XYZ reasons. A seal of the Municipal bodies is required before a building is constructed in that particular place. Without the approval, construction can’t take place. The process, which usually takes quite long, will now be approved and you will have everything before you buy the property. It is important that all the documents are ready and sealed and signed by the concerned authorities.
An advisor in disguise: Property decision is not easy and when you hire a lawyer who has dealt with such cases in the past and has rich experience, you will know the property from inside and outside. This may also lead to cancelling the deal at a point but it is always good to follow the phrase, “Prevention is better than cure”. The property lawyer will be your advisor in every step you take in buying a property and trust me, it works in favour of you and you will be able to breathe a sigh of relief.
Many people have been duped by such property dealings which were done in the presence of only two parties; buyer and seller. It is a major decision and you can’t the steps so casually. There has to be proper planning, advice seeking session before you actually venture into it.
You will be in safe hands when you have a legal expert accompanying you for property dealing as they have come across every situation of property buying and they know their way out. They have the experience in smelling whether the property is legal or illegal and thereby helps in opening your eyes that may have been blindfolded by fake promises.