Haris & Associates Phuket Thailand Legal Blog

One of the booming businesses as of today is the real estate business. Every day, there are multiple real estate transactions such as couples wanting to buy properties or houses to start a family. There are some families who are willing to sell their old houses to buy a new one. All these real estate transactions provide opportunities for large profits, and often deal with a huge amount of money. All the more reason why you would need a real estate lawyer, for you to be secure in these financially heavy dealings.

Upon buying a house

Buying a house is more than the regular exchange of cash and properties. There are certain legal implications that you must do, which you may not be aware of such as certain documents to be filled up. Having a real estate lawyer will help you navigate through these legal troubles of buying that new house.

Avoid Vague Terms and Conditions

Usually, the terms and conditions in buying the house is embedded in a contract of sale, which you and the seller will have to sign. Upon reading the contract, you may understand several conditions and accept them at face value. However, there are some terms which are too vague and can be interpreted in a manner that is unfavorable for you. Hiring a real estate lawyer will allow you to make use of their legal knowledge and make sure that the terms and conditions specified in the contract are clear enough that they cannot be interpreted in any other way.

Further, the real estate lawyer may be able to identify several conditions that were not stated in the contract, of which you should have stipulated.

Upon Finalizing the Deal

Once the deal has been sealed and that you and the seller have already agreed upon the terms and conditions of the said contract, you might think that the contract is good to go. However, there are certain procedures and steps you must perform. The real estate lawyer will guide you through these steps. He may be able to point out certain legal implications that may arise or have only arisen upon the finalization of the deal.

Foreclosed and Mortgaged Homes

Sometimes, you may encounter houses that are priced lower than what is being currently presented in the market. It may be because these are mortgaged homes, and there is a huge chance that you might not own these houses in the near future. These are some of the shadiest deals that you can possibly get into, and you may end up paying more than what you should have actually paid.

The real estate lawyer will guide you through these deals, and help you avoid these kinds of shady deals.

Conclusion

Hiring a real estate lawyer is definitely essential if you want to avoid the legal complications brought about by all these transactions. Basically, the real estate lawyer allows you to navigate through all these deals, and he will make sure that you will be able to find that perfect house free from all legal infirmities.