You may be wondering if you need residential real estate attorneys Illinois relies on to help you. Many people who are involved in real estate transactions do not use the help of an attorney or get much professional guidance. When they do this, however, they may be leaving money on the table or they may not be protecting themselves when buying or selling real estate. It is beneficial to have residential real estate attorneys in Illinois on your side who can give you guidance and discuss the legal matters behind residential real estate. Want to see how we can help you? Give our office a call.
Buying a home is probably the biggest transaction for most people. The process is both exciting and overwhelming. Of course, it’s fun to go to open houses, see the potential in each of the properties, figure out what to update (just like they do on HGTV shows!), and eventually put an offer on your dream property. However, once the contract is signed, the complicated and overwhelming part begins. There are many steps to the purchase of a home. You need a qualified attorney to help guide you through the process. On the flip side, if you are selling your home, there are even many pitfalls to navigate through. You will need to have a clean title to be able to legally convey the property. You may need to repair and replace certain items that the buyer is requesting. You will need to transfer stamps and order a plat of surveys. These are just some of the tasks involved in selling your home. Whether you are buying or selling, call our firm so we can hold your hand through this complex process.
How can a residential real estate lawyer help me with my home purchase?
There are likely already many professionals helping you out with purchasing a home, including a real estate agent, a lender, and a home inspector. An attorney can be just as helpful when it comes to going over the legal documents of the home you are interested in, like going over the title report or the deed. It is important to remember that when you have questions about the legal side of things, your real estate agent is not properly licensed or educated when it comes to the law and they cannot give you the same advice that an attorney can give you. This is why it is so important to have an attorney on your side who works specifically with real estate.
What kinds of legal aspects are a part of buying a house?
When you work with a residential real estate lawyer, they can help with things like:
- Discussing the terms found in the “Agreement of Sale” and learning if they are negotiable.
- What your obligations are once you have signed the Agreement of Sale.
- What happens during a home inspection and what it means to have a contingency.
- Whether it is possible to end the Agreement of Sale and what happens when there are problems with the house.
- What you can expect when you close on the house and if there are certain charges you must pay.
Your real estate attorney can also help you if problems arise during and after closing on the house. For example, if you wish to pursue a lawsuit because there are defects or property damage to the house that the seller was required to expose, a real estate attorney can help.