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Re:how easy it to sell property without lawyer? (1 viewing) (1) Guests
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TOPIC: Re:how easy it to sell property without lawyer?
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how easy it to sell property without lawyer? 1 Month, 3 Weeks ago
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Karma: 3
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and any tips or pitfalls to watch out for?
when i buy i think lawyer is very important as he needs to check everything, but when selling i am considering not using a lawyer as i basically just need to make sure money is in my account and just read snp properly.
legal fees held very artificially high by government and i know others that avoid using lawyers when selling.
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Re:how easy it to sell property without lawyer? 1 Month, 3 Weeks ago
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Karma: 9
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Hi Kalai,
i know most of the sellers will use the same lawyer appointed by the buyers. So it will reduce the selling cost, but there is a risk also!
It depends whether u want to cut cost or reduce the risk by appointing your own lawyer.
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Re:how easy it to sell property without lawyer? 1 Month, 3 Weeks ago
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Karma: 3
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that is basically like not using a lawyer at all because u r using someone who is acting only for buyers' interest. lawyer cannot act for two parties at once.
i didn't realise that most transaction are done this way.
thanks for the info.
Wayne Hor wrote:
Hi Kalai,
i know most of the sellers will use the same lawyer appointed by the buyers. So it will reduce the selling cost, but there is a risk also!
It depends whether u want to cut cost or reduce the risk by appointing your own lawyer.
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C Soong (User)
Senior Boarder
Posts: 22
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Re:how easy it to sell property without lawyer? 1 Month, 3 Weeks ago
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Karma: 0
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Also depends how familiar you are with the process & the documentation.. if you have done it a few times before, and the transaction is quite straightforward, then you can take the risk cos the lawyer isn't really adding that much value. BUT if you are unfamiliar, or there are peculiarities with yr transaction, better get a lawyer (a good one)!
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