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What Are the Benefits of Using a Real Estate Attorney?

What Are the Benefits of Using a Real Estate Attorney?

The right real estate attorney can make the process of buying or selling a house in Illinois much smoother. An attorney can assist with document review and preparation, title searches, legal compliance, and risk mitigation, going beyond what a real estate agent can do.

Document Review and Preparation

During the home buying and selling process, there are various forms you’ll need to prepare and fill out, including your real estate contract. A real estate attorney will be able to review your contract and other forms and make sure they’re ready for submission.

Your attorney will also review any forms the other party provides and make sure you understand what you’re signing. Even if you have a real estate agent, having someone who can parse dense legal documents is still a good idea.

Title Search Assistance

A title search is a required step in buying a home that makes sure there are no liens or legal disputes that could impact the sale of the property. Your attorney can obtain the title insurance you need to protect you against any future claims against the title that may arise.

Legal Compliance Assurance

Home sales must comply with Illinois state laws, such as the Real Estate Sale Validation Act and the Residential Real Property Disclosure Act. A real estate attorney’s role is to make sure your sale or purchase complies with these and any local laws.

The last thing you want is to move into your new home only to discover that some aspect of the sale didn’t receive proper approval or otherwise violated the law.

Risk Mitigation Measures

Any large sale comes with some level of financial risk. However, an experienced attorney can mitigate the risks by checking for hidden liabilities that a property seller may not have properly disclosed or by making sure the other party filed the forms they said they would.

An attorney can also assist in detecting fraud perpetrated by the other party, which can protect you from financial and legal trouble.

Dispute Resolution

If a proposed sale or final sale results in a dispute between the parties, having legal representation on your side can reduce your stress because they’ll handle the dispute for you. If your attorney has been working with you from the start of the home buying or selling process, they’ll have an intimate understanding of the situation and will know what to do to resolve the dispute.

Even after the sale is complete, your real estate attorney can still assist if you encounter issues with your new neighbors, such as disputes over property lines or easements.

Call an Illinois Real Estate Attorney Today

Are you looking to buy or sell real estate in Illinois? Our team of real estate attorneys has more than 30 years of experience working with buyers and sellers in Kane, McHenry, DuPage, and Cook County.

Contact the Law Office of Vogel and Mourelatos, LLC, at 847-428-7725 for a consultation and to see how our client-oriented approach can make your real estate journey as stress-free as possible.