Do I Need a Real Estate Lawyer to Buy or Sell a Home in Illinois?

 Posted on November 30, 2021 in DuPage County Real Estate Attorney

Buying or selling your home is a massive undertaking – financially, emotionally, and legally. The consequences of residential real estate transactions can affect your life for years or even decades after the transaction. Furthermore, the complexities associated with buying or selling a home can make anyone feel overwhelmed. For these reasons, many buyers and sellers seek professional legal guidance from a real estate attorney.

Benefits of Working With a Real Estate Lawyer

State laws regarding residential real estate vary. In Illinois, you are not required to hire a real estate lawyer. However, there are many advantages to working with an attorney when buying or selling a home, including:

• A deeper understanding of the terms of the sale or purchase – Anyone who has bought or sold a home can tell you that real estate documents are complicated and difficult to read. Your lawyer will interpret any “legalese” and explain the terms of the contract in plain language. This ensures that you know exactly what you are agreeing to.
• Legal advocacy and guidance – Your lawyer’s job is to advocate for your best interests during the transaction. He or she will review the contract and make sure that the contract is fair and reasonable. If needed, your lawyer may request a modification to the contract. Your lawyer will check for any encumbrances or title defects on the property. A skilled attorney will also ensure that all the necessary paperwork is properly completed and deadlines are met. It is customary in Illinois for buyers and sellers to have a lawyer review the purchase agreement before it is finalized.
• Reduced likelihood of litigation after closing – Poorly written contracts, misunderstandings, and mistakes can lead to post-closing disputes. Working with an experienced real estate lawyer can help you avoid these types of issues.
• Reduced stress – Did you know that moving to a new home is considered one of the most stressful life experiences you can go through? Having a strong legal professional on your side can give you the peace of mind you need.

Contact a Wheaton Real Estate Lawyer

If you are buying or selling a home, you cannot afford to make mistakes. Contact a knowledgeable DuPage County real estate attorney from Stock, Carlson & Asso. LLC for help. Our team understands the challenges of buying or selling a home and how to properly address these challenges. We can help ensure that the process goes as smoothly as possible. Call 630-665-2500 today for a confidential consultation.

Source:

https://www.isba.org/sections/realestate