Chicagoland Home Selling – Why You Need a Real Estate Attorney
Whether you are selling your home with a real estate agent, or as “For Sale by Owner,” having a real estate attorney helps you comply with numerous Illinois housing and real estate laws.
And while your real estate agent is a marketing specialist, he or she cannot provide you with legal advice!
Only your real estate attorney can provide you with legal guidance that serves your needs and protects your interests.
Real estate transactions are complex, and without proper diligence, they can be problematic. An error or omission in a sales contract or disclosure can mean financial losses, as well as the potential for litigation.
The best way to avoid expensive problems down the road, is to enlist the services of a real estate attorney up front!
Angelina & Herrick has a depth of experience in handling residential real estate contracts and closings in Chicagoland. We provide clear, definitive explanations about your rights and responsibilities as a home seller. We provide you with legal consultation about contingencies and contractual matters, seller disclosures, settlement documentation, closing procedures and more.
If an unforeseen problem or dispute arises during your transaction, we will work to resolve the matter in your best interests.
Here are some of the real estate transaction elements we commonly review and address:
- Title issues
- Satisfaction of liens
- Seller disclosures – property condition
- Appropriate buyer screening and qualifying (FSBO)
- Purchase contract
- Negotiated terms
- Bill of sale for personal property
- Home inspection report & issues
- Settlement disclosures
- Escrow funds
- Tax stamps
- Closing and conveyance documentation
- County recording & lien release