The short story of a lawyer, a valuer & a surveyor in a land transaction:
- Lawyer: A lawyer specializes in legal matters related to land transactions, ensuring that the process complies with all legal requirements and safeguards the interests of both parties. They review legal documents, such as title deeds and land transfer agreements, to identify any potential issues or risks. Additionally, they facilitate the transfer of ownership, draft contracts, and ensure that the transaction adheres to relevant laws and regulations. Having a lawyer onboard provides legal protection and peace of mind throughout the transaction.
- Valuer: A valuer assesses the market value of the land, providing an objective evaluation based on various factors such as location, size, accessibility, and market trends. Their valuation helps determine the fair market price of the land, preventing overpayment or underselling. Additionally, valuations are often required for mortgage financing, making it essential to have an accurate assessment of the land’s value.
- Surveyor: A surveyor plays a crucial role in accurately determining the boundaries and dimensions of the land. They conduct surveys to identify any encroachments, boundary disputes, or inconsistencies that may exist. By providing precise measurements and boundary delineations, surveyors ensure clarity and certainty regarding the land’s boundaries, reducing the risk of disputes in the future.
Now, let’s address why traditional real estate companies may not emphasize the involvement of these professionals:
- Cost-cutting: Traditional real estate companies may try to minimize expenses by skipping the involvement of lawyers, valuers, and surveyors. However, this cost-saving approach can lead to significant risks and legal complications for both buyers and sellers in the long run.
- Lack of Expertise: Some traditional real estate companies may lack the expertise or resources to coordinate the involvement of these professionals effectively. As a result, they may overlook the importance of legal, valuation, and surveying aspects of the transaction, potentially leaving clients vulnerable to risks and uncertainties.
- Speed of Transactions: In pursuit of closing deals quickly, traditional real estate companies may prioritize expediency over thoroughness. They may opt for shortcuts or omit certain steps in the transaction process, such as engaging lawyers, valuers, and surveyors, to expedite the transaction. However, this approach can compromise the integrity and legality of the transaction, leading to future complications.
At Ardhi Patna, we recognize the critical role that lawyers, valuers, and surveyors play in ensuring a secure and transparent land transaction process. We emphasize the involvement of these professionals to protect the interests of our clients and ensure a smooth and legally compliant transaction from start to finish. With Ardhi Patna, you can trust that your land transaction is in capable hands, with thorough legal, valuation, and surveying support every step of the way.
