Category Archives: Real Estate
For International Real Estate Buyers
Overseas buyers scooped up $92.2 billion in U.S. real estate in the twelve-month period that ended in March 2014, according to the National Association of Realtors. Chinese buyers were the largest national group of foreign buyers by dollar volume, with sales jumping 72 percent over the twelve-month period to $22 billion. Chinese buyers now… Read More »
Homebuyers – Don’t Make These Mistakes
If you are buying a home for the first time, you probably want the buying process to be simple. Why would you need a real estate lawyer? Because whenever you buy or sell a home or any other property in Illinois, an experienced Chicago real estate lawyer will help you negotiate the best possible… Read More »
Why You May Need A Chicago Real Estate Lawyer
When the stock markets are volatile – which is most of the time – an investment in real estate is an appealing financial prospect. While the real estate market has its own ups and downs, in most locations real estate reliably appreciates over the long run. When you buy a residence, a number of… Read More »
You Have To Tell The Truth
You have to tell the truth, and you have the right to be told the truth – at least when it comes to real estate transactions in the state of Illinois. If you’re selling a residence, you’re required in Illinois to disclose defects and other problems to prospective buyers, but that actually benefits you…. Read More »
Why Buyers And Sellers Need A Real Estate Lawyer
When you buy or sell real estate in the Chicago area, there’s nothing in Illinois law that requires you to hire a real estate lawyer. However, whether you are a buyer or a seller in a real estate transaction, you should consider obtaining the services of an experienced, Chicago-based Illinois real estate lawyer for… Read More »
Help Is Available For Struggling Homeowners
While the real estate market has been improving, many homeowners are still “upside-down” or “under water” – they owe more on their mortgages than their homes are actually worth. Others are behind on their mortgage payments because their adjustable rate mortgages adjusted unfavorably. Of course, others lost their jobs or became sick or injured… Read More »
Facing Foreclosure? You Have Some Options
Illinois, unfortunately, remains one of the top ten states in the nation for home foreclosures. Illinois homeowners facing foreclosure are under intense personal and financial pressures, and this can make them a target for criminals. Con artists offer homeowners threatened by foreclosure a range of questionable schemes and too-good-to-be-true borrowing plans. Don’t fall for… Read More »
Three Reasons You May Need A Real Estate Lawyer
If you intend to buy or sell real estate in the Chicago area, hiring a real estate agent is not enough. You also need the advice and services of an experienced Chicago real estate lawyer. Here are three reasons why: 1. Conflicts of interest: Unlike real estate agents and brokers, real estate lawyers don’t… Read More »
For International Buyers
Although Chicago has always attracted international home buyers, anecdotal evidence suggests that their numbers are growing. The boom is partly because of globalization, but mostly it’s a result of the tremendous buildup of wealth in developing countries, especially China, which had 2.4 million millionaires in 2013, up 60 percent from the year before, according… Read More »
Homeowners Insurance
If you’re involved in any real estate transaction in the Chicago area, protect yourself by having all the pertinent documents examined and reviewed by an experienced Chicago real estate lawyer. If you’re purchasing a house, one of those documents will be your homeowners’ insurance policy, and homeowners insurance will also be one of your… Read More »
