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 a number of important reasons. If you are buying a property, you should have a real estate lawyer working for you if:

– You are buying a commercial property.
– You are buying a property that is a short sale or bank-owned.
– You are buying a property that is part of an estate sale.
– You an out-of-town buyer.
– You are buying a property that could have some structural issues.
– You buying a property in an area with adverse conditions, such as a flood zone.

If you are selling a property, you should retain the services of a real estate lawyer if:

– You have judgments or liens in your background.
– You are the heir or executor of a property whose owner is deceased.
– You are selling a property that is in some way in distress.
– You just have the feeling that something could go wrong.

Real estate law is a field with innumerable nuances and provisions not covered under general contract law, so be sure that you retain the services of a knowledgeable and experienced Chicago real estate lawyer. (If your retired Uncle Leo used to be a divorce lawyer in Brooklyn, he may have been a very good one, but he probably can’t help you with real estate in Illinois.)

Your lawyer is there to make the real estate transaction happen in a way that is fair and satisfactory to both sides. Your lawyer will review the contract and make your best long-term interests the top priority. If you are buying or selling any property in or near the Chicago area or even if you’re merely considering a real estate transaction, don’t wait. Contact an experienced, Chicago-based Illinois real estate lawyer promptly.