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 deal and watch out for your long-term best interests. Especially if you are new to the Chicago area, if there are major issues with the property, or if the property is a short sale or part of an estate sale, be certain that you have the advice and services of a good real estate lawyer. Of course, when you’re buying a home, your real estate lawyer works for you, and the final decisions are yours. Here are some of the typical mistakes that first-time homebuyers make and some tips for avoiding them.

– Love at first sight: It’s easy to fall in love right away with an attractive property, but following this simple rule can help to protect you: View at least five properties before signing anything.

– Overpaying for perfection: No home is perfect. Don’t make an emotional attachment that causes you to overextend yourself.

– Lowballing: Everybody wants the lowest price, but lowball offers will probably be rejected outright or drag out the process. Make a realistic bid that isn’t too far from what the buyer is asking.

– Going it alone: Finding a property on your own is difficult, especially if you’re new to the Chicago area. Get a good real estate agent and an experienced Chicago real estate lawyer on your team. They have insider knowledge of the local market, the kind of knowledge you’ll need to make the wisest possible decision.

Again, the final decision is yours, but you really should consider the advice of a good real estate lawyer before signing or closing any real estate transaction. If you’re buying or considering the purchase of a home anywhere in the Chicago area, contact an experienced Chicago real estate lawyer as quickly as possible.