Purchasing a house or a flat or any type of property is a big moment. The process of purchasing any property can be a very time consuming and nerve-wracking process. If this is the first time you’re investing in properly, take help from a professional. Most people believe that the only professionals who can help them with property mattersare real estate agents. But you have the option of hiring a real estate agent or a property lawyer.
Following are some differences in the services both type of professionals provide so that you can choose according to your needs.
- Real Estate Agents
Real estate agents usually deal with finding and viewing different types of properties, arranging inspections, negotiating prices and closing deals. The main benefit of hiring real estate agents is that they have lots of connections and knowledge about the local market which helps in the selling and purchasing of property. But they work on commission so their advice can be biased. They may suggest you to sell your property at a lesser rate because they are getting commission from the other party.
- Real Estate Lawyers: Pros and Cons
Real estate agents have more knowledge about different properties and market prices. On the other hand, property law lawyers have more knowledge about legal issues related to properties. You need to hire a professional real estate or property lawyer when there are chances of any legal issues like special leases, code violations and tenant issues. Another benefit of hiring a lawyer is that they do not take commission so it means their opinions are not affected by monetary gain.
It depends on the needs of the client whether they should hire a property lawyer or a real estate agent.