is it safe to do so as a seller?
does this really save cost comparing to hiring my own laywer for the SPA?
how much and what can i save by doing so?
[Seller] Sharing laywer by buyer for SPA, is it ok?
[Seller] Sharing laywer by buyer for SPA, is it ok?
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Oct 8 2023, 06:03 PM, updated 3y ago
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#1
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All Stars
14,313 posts Joined: Jan 2011 |
is it safe to do so as a seller?
does this really save cost comparing to hiring my own laywer for the SPA? how much and what can i save by doing so? |
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Oct 8 2023, 06:41 PM
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#2
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1,054 posts Joined: Jan 2003 |
Based on my personal experience, I suggest don't do it because 1 lawyer firm handle both seller and buyer may drag the whole process.
It is best to let 2 lawyer firms play their own part. |
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Oct 8 2023, 06:43 PM
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#3
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14,313 posts Joined: Jan 2011 |
QUOTE(Dothan @ Oct 8 2023, 06:41 PM) Based on my personal experience, I suggest don't do it because 1 lawyer firm handle both seller and buyer may drag the whole process. i tot it should be faster since it does not go thru 2 firms??It is best to let 2 lawyer firms play their own part. but does this case that the seller can save on the lawyer cost? |
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Oct 8 2023, 06:51 PM
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#4
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1,054 posts Joined: Jan 2003 |
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Oct 8 2023, 06:53 PM
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#5
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1,601 posts Joined: Sep 2021 |
Market go ppl doing it but not advisable. If want to share, ask them to use your lawyer.
Your lawyer is to protect your interest. The opponent lawyer is to protect the opponent”s interest. If want to share, I”ll insist to use my lawyer, else we go to separate lawyer. |
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Oct 8 2023, 07:09 PM
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#6
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14,511 posts Joined: Sep 2017 |
Is not advisable for anyone lack conveyancing knowledge and legal jargons.
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Oct 8 2023, 07:10 PM
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#7
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168 posts Joined: Aug 2021 |
Yes, faster and cheaper.
Assuming that it's a straightforward deal. If you foresee any dispute on the deal, better to segregate the lawyers. |
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Oct 8 2023, 07:16 PM
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#8
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Oct 8 2023, 07:17 PM
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#9
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QUOTE(vicky.max @ Oct 8 2023, 07:10 PM) Yes, faster and cheaper. I see. May I know how much cheaper?Assuming that it's a straightforward deal. If you foresee any dispute on the deal, better to segregate the lawyers. Will the SPA follows some kind of template that by rite all SPAs the content should not be so much difference? This post has been edited by westlife: Oct 8 2023, 07:18 PM |
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Oct 8 2023, 07:50 PM
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#10
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Oct 8 2023, 08:11 PM
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Oct 8 2023, 08:16 PM
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#12
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Oct 8 2023, 08:27 PM
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Oct 8 2023, 08:31 PM
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#14
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Use your own lawyer. If process dragged, you lose even more money. Saving that little sum of money sharing lawyers will not be favourable. Later you might get dispute of replacing certain items in your house prior to handover.
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