Buying a real estate property could be one of the biggest investments you will ever make in your life. Thus, you want to minimize problems and avoid potential losses in the future. No wonder, more and more UAE residents are now turning to a lawyer to obtain expert real estate legal advice.
Here are some of the top reasons why you should get a lawyer when buying a property in the UAE.
Ensure property is free of any impediments
In the process of finding a property and determining when to hire a real estate attorney, it is important that you make a detailed background check. Obviously, you do not want a property that comes with easements, liens, encroachments, and other legal liabilities.
Of course, a real estate agent can do this for you. However, a lawyer has a more in-depth knowledge and capabilities to identify current and future problems that related to the property. Not only that, but a real estate attorney can effectively determine whether a person has the right to sell a property or not.
Term negotiations
A real estate lawyer is specialized and experienced in handling issues related to real estate. This means that they have the solid knowledge to negotiate terms with developers, sellers, and other investors.
Almost any agent can understand the real estate market, but it takes a legal expert to know the legal implications of buying a property.
Quicker property transfer
From preparing legal contracts to filing documents, a real estate lawyer is here to help you. The whole process of buying a property includes legal formalities that, more often than not, an ordinary real estate agent could not handle.
Take mortgage agreements and purchase contracts for example. An agent does not have the legal jurisdiction to handle such documents but lawyers or legal advocates in Dubai do. Plus, you do not have to go through the terms and conditions of your contract since a lawyer can summarize them for you and highlight important points.
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