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 account for 24 percent of all U.S. real estate sales made to overseas buyers by dollar volume. Canada was second with $13.8 billion in real estate deals, followed by the United Kingdom and India. Those looking to purchase real estate in the greater Chicago area should seek the advice and services of an experienced Chicago real estate lawyer to ensure that your interests are protected, to anticipate and avoid any potential problems, and to make certain that every part of the transaction complies with Illinois real estate law. If you are an international buyer looking at real estate in Chicago, these recommendations might help:

1. Check into the neighborhood where you want to buy. Chicago has scores of interesting, pleasant, desirable residential communities. Learn about the neighborhood’s schools, houses of worship, healthcare facilities, retailers, and other services. You’ll also be able to get an idea of the neighborhood’s traffic and noise levels.

2. When you like a particular property, have a professional property inspection conducted.

3. Have the advice and services of a trustworthy Chicago real estate lawyer who will protect your best interests and guide you through the real estate purchasing process.

When you work with an experienced Chicago real estate lawyer, you can have peace of mind. While the future obviously cannot be guaranteed, a good real estate lawyer can assure that you are making the best possible transaction right here and now. If you’re considering or initiating a real estate sale or purchase in the greater Chicago area, make the call as quickly as possible.