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So, if advantages of hiring a Real Estate lawyer are so obvious, what, if any are disadvantages of using one for your foreign real estate transactions?
First, a Real Estate lawyer will add cost to transaction because of his or her fees. While these costs are usually not excessive, they are a consideration.
If you are a seasoned buyer of real estate in a particular country then you may not need a Real Estate lawyer to guide you through intricacies of property ownership.
Using a Real Estate lawyer may cause deal to close at a later date due to his or her need to review and revise purchase and sale agreement.
I'm not really sure, however, if these can be labeled as disadvantages considering amount of money that you are about to invest in a deal where legal ramifications that pop up later could haunt you for life and drain all of equity and more out of your foreign property. If you find this information useful you should visit site http://www.about-realestate.net where you will find lots of interesting articles related to this topic , all original and wrote by Dascar Daniel.
Content writer for more then 3 years !