Are you going to be buying or selling a property? You might want to consider hiring a real estate attorney to help with the transaction. Although it’s not a requirement in Illinois to have a real estate attorney at closing, you will find that they can provide some benefits.
Below, we’ll be looking at some of the reasons you might want to work with one of these attorneys, as well as how they can help you.
Why Work with an Attorney?
Real estate transactions, even relatively simple ones, tend to have a lot of moving parts, as well as deadlines. This can be overwhelming when you are doing it on your own, so working with an attorney simply makes sense. While real estate agents could help with some of these things, you have to remember that the agent isn’t an attorney. They can’t provide you with legal advice or represent you in court if needed.
An attorney helps to ensure that your legal rights are protected and that you get a fair deal. If there are issues found during the inspection, they can represent you and help with negotiations. The attorney can help to reduce the risk of legal issues arising after the deal closes, they can help to make sure the title is clear and more.
When You Should Choose a Real Estate Attorney
Do you always need to have a real estate attorney? As mentioned, there isn’t a requirement, but there are certain situations where it simply makes sense that you would have an attorney helping you through the process.
For example, if this is the first time you’ve bought a home, having an attorney can help to make the process a little easier for you.
When you are buying and selling commercial property, it’s often a good idea to work with a real estate attorney. These tend to be large transactions. You need to have an expert in the field who can help to ensure that you don’t make any mistakes you’ll regret later.
Another time that it’s a good idea to consider working with an attorney is if you own property want to use as a rental. The attorney can ensure you are doing everything in accordance with the law.
Take the time to contact the attornies at Bell & Shah, who knows and specializes in this field of Real Estate law. Having some legal help on your side is always a good idea.