Asaf Izhak Rubin Explains Why Not Hiring a Real Estate Lawyer Is a Mistake
Are you about to enter into a real estate agreement? Are you thinking about selling your house or a commercial property? Or are you someone at the verge of buying your first house? In any case, you will need to have someone by your side to help you throughout the process, guide you through the steps of closing the deal, and ensuring at all times that you don’t make a costly mistake. It does not matter what type real estate transaction you are a part of because each transaction involves a lot of money and even the slightest mistakes can result in huge blows to your financial integrity.
AsafIzhak Rubin, a real estate lawyer, explains why not having a lawyer on your side can be a huge mistake. He believes that the consequences of not hiring such a professional are more serious than you can think. Let’s dive into the details and find out what he really wants to highlight.
You’ll End up Spending More
If you are purchasing a property, you might end up paying more for it than you should. Isn’t saving money the whole point of negotiation? When you negotiate with a house or commercial property seller, you want the best price. In other words, you want the best bang for your buck. However, when you are not aware of the intricacies of these agreements, and the subtleties that are involved in real estate transactions, you miss more than you see. As a result, when you finally close the deal, you only regret not getting professional help.
People charging you more than the market price, selling a smaller piece of land than on papers, etc. are some examples in which you might end up spending more than you should. Having a lawyer on your side will give other parties that you are fully prepared, making them negotiate fairly and honestly with you at every step of the way.
You Might Have to Deal with Regret
Regret in itself might not be that big of a problem. However, when your regret is costly, that’s when it really starts hurting. In real estate transactions, when you make a deal without proper research and preparation, you end up with regrets that are costly. For example, you might have completely missed a particular terminology in the agreement that could mean a lot more than you think. What if you have just bought a commercial property only to realize later that certain municipal disputes will cause a lot of interruption in the construction process?
The longer you have to continue the construction process, the more money you will end up spending. That’s exactly the situation you never want to be in when you are buying a property. Have a lawyer on your side and let them research thoroughly to find out any flaws or missing pieces of information from the fine print.
You May Get Defrauded
That’s the worst scenario, but unfortunately, it happens more often than you would realize. Usually, it happens to people who are trying to buy something. So, you want to buy a house, everything looks clear on the paper, but you later realize that the papers were not real. The signs were forged and a lot of other stuff was not real at all. In this case, you might get such a huge blow on your finances that recovering from the hit might take you several months or even years. Such cases happen a lot in new development schemes where you buy a plot that is in the name of another person.
There is no reason why you should completely ignore a real estate lawyer like Asaf Izhak Rubin when you are entering a deal like this. A smooth process guarantees you see everything clearly and digest all the information. In addition to that, having a lawyer by your side when you are doing these deals stops any fraudulent activities from happening.