Sale and Purchase of Properties: Why Do We Need Lawyers?

Many believe that in getting a dream house requires the presence of a lawyer to act on behalf of the parties (seller and buyer) since the lawyer can advise accordingly in completing the transaction. However, some people think that dealing with the sale and purchase of properties can be more economical without a lawyer because they can manage the sale and purchase transaction themselves throughout the whole process. In fact, buying and selling real estate is not as easy as it seems. There are various situations where the presence of the lawyer is required to facilitate the transaction. The approach taken by conducting this research was based on qualitative methods of in-depth interviews from the respondents. Hence, this paper aims to identify reasons for hiring a lawyer in dealing with real estate business. Finding from this paper shows the parties need to appoint the right conveyancing lawyer as a stakeholder to ensure the rights and interests of the parties are protected. This study contributes to literature gap on the lack of awareness to engage lawyers in sale and purchase transactions, and further research is expected focusing on the potential buyers and sellers by using quantitative study.