What Does A Real Estate Attorney Do In Chicago, IL?
A real estate attorney is committed to being with you through every step of the process of buying or selling your home or property. Some of the things a real estate attorney will do during the process are…
- Reviewing legal documents, to include the purchase agreement and any amendments,
- Advising on inspections, and
- Ensuring that your rights are protected.
Buying or selling real estate can be a complicated undertaking with multiple moving parts. Having an experienced real estate attorney on your side can also benefit you by…
- Alleviating much of the anxiety that accompanies making a large purchase,
- Giving you peace of mind that you know all of your options, and
- Making you aware of any issues that might arise and how to navigate them.
One of the most important things a real estate attorney can do for you is to help determine what contingencies you should include in any purchase contract. Whether you are buying or selling a residential home or a commercial property, there are inspections available to you to ensure the structural safety of a property. These inspections can include…
- A structural engineering report,
- An electrical inspection,
- A flood certification, and
- A radon test.
There are many other contingencies that may be right for you based on the property you are looking to buy. A residential real estate lawyer would have the appropriate insight into what inspections or contingencies should go into your purchase contract for a home, whereas a commercial real estate lawyer would have more experience with commercial properties and requirements.
Why Should I Hire A Real Estate Attorney In Chicago, IL?
Hiring a real estate attorney is required in several states, but it is optional in the state of Illinois. Even though it is not a requirement, hiring a real estate lawyer is still recommended in many cases. Some situations where a real estate lawyer is most helpful are if you are buying a property that…
- Has potential structural concerns,
- Is potentially located in a flood zone,
- Is owned by a bank,
- Requires a short sale, or
- Is part of an estate sale.
Having a residential real estate lawyer can help you navigate any unique situations that may arise. When making a large purchase or sale, it is important to have peace of mind that everything is in order.
- The Difference That Citizens Law Group Can Make For You
- Selling Your Distressed Property
- Before You Sell Your Distressed Property
- What To Do Before Selling Your Home
- The Benefit Of Working With An Experienced Attorney
- Using The Standard Listing Agreement Contract Provided By Realtors
- Why Any Real Estate Agent May Not Be Able To Effectively Handle Your Short Sale
- Guiding Distressed Homeowners In Illinois Looking To Either Save Or Sell Their Property
- The Seller’s Obligation To Disclose Any Defects In The Property Prior To Signing The Contract
- The Future Increase Of Distressed Properties
Another time it is highly beneficial to hire a real estate attorney is when you are buying or selling any commercial property. An experienced commercial real estate lawyer will know what to look for in your legal contracts, what inspections are needed to ensure structural integrity, and how to best protect your rights and interests throughout the process.
A foreclosure lawyer can also help you with any real estate litigation that may arise when buying a foreclosed property or in the event that your current property is being foreclosed.
If you are located in or near Chicago, IL and want to speak with an experienced real estate lawyer, call Joshua Martin of Citizens Law Group, Ltd. at (312) 313-1033 today!