In the process of buying property, you may have considered hiring
either a real estate agent or attorney to guide your efforts. Choosing
between either can sometimes be confusing as their roles sometimes
overlap and it might not be easy to see the benefit of having one over
the other. Michael Gangadeen, an experienced attorney who’s worked on
real estate cases in his career, offers a few insights that might help
clients facing this predicament.
According to the law
Every state has its own rules that govern real estate transactions. In many instances, a real estate agent is not legally required, though they can help you with aspects that are legal in nature, such as drafting the purchase agreement. Some states, however, will require that only a lawyer draft the legal documents or close the deal.
Hire an agent
The home purchase process is complex, and many people find it easier to comprehend with an agent by their side. The paperwork alone is tiresome, and it helps to have someone conversant with the process offering insights. To an experienced agent, the process is second nature: they can simplify the various stages of the transaction and probably have valuable contacts you can use.
Hire an attorney
Except in states where it’s a requirement, you may not need an attorney’s help in the purchase process. However, as Mr. Gangadeen has witnessed regularly, legal issues come up that require an attorney’s perspective. Even if the agent is knowledgeable about the process, only an attorney can make judgments on legal issues. Besides, attorneys are also the right people to answer any concerns you have on the legal agreements.
According to the lawEvery state has its own rules that govern real estate transactions. In many instances, a real estate agent is not legally required, though they can help you with aspects that are legal in nature, such as drafting the purchase agreement. Some states, however, will require that only a lawyer draft the legal documents or close the deal.
Hire an agent
The home purchase process is complex, and many people find it easier to comprehend with an agent by their side. The paperwork alone is tiresome, and it helps to have someone conversant with the process offering insights. To an experienced agent, the process is second nature: they can simplify the various stages of the transaction and probably have valuable contacts you can use.
Hire an attorney
Except in states where it’s a requirement, you may not need an attorney’s help in the purchase process. However, as Mr. Gangadeen has witnessed regularly, legal issues come up that require an attorney’s perspective. Even if the agent is knowledgeable about the process, only an attorney can make judgments on legal issues. Besides, attorneys are also the right people to answer any concerns you have on the legal agreements.
