Hamilton & Antonsen
The role of a Will County, Illinois Real Estate Attorney
Protecting your interests when purchasing or selling an illinois home
Purchasing or selling an Illinois home is a complex process. While Illinois law does not require real estate attorneys to be present at closing, retaining the assistance of an attorney when either purchasing or selling a home is a must if you want to protect your interests. Below are some important reasons to consider retaining an Illinois real estate attorney to assist with your next transaction.
Illinois Real Estate Attorneys Decrease the Likelihood of Failed Deals
There are more than a few obstacles that can arise during Illinois real estate transactions that can result in the deal ultimately failing. Fortunately, a person’s chances of successfully closing a real estate deal will increase substantially when an good real estate attorney is involved.
For example, if a home inspector locates unexpected problems with a home, an attorney can help negotiate a solution that is agreeable to both the buyer and seller. Besides inspections that reveal unpleasant details, another common reason why deals fail is that parties miss deadlines. The best real estate attorneys know what it takes to make sure that deadlines are met and that extensions are properly negotiated, when necessary.
Real Estate Lawyers Reduce Time
In some real estate transactions, both the buyer and seller have several requirements that must be satisfied before closing. Besides communicating with one another, these parties also must resolve issues with homeowners associations, lenders, local municipalities, and title companies.
The real estate transaction process in Will County, Illinois can takes a great deal of time, even for parties who routinely handle these matters. Even if you feel confident in navigating the process without a Joliet real estate lawyer, it will likely take you an inconveniently long amount of time and expose you to uneccessary risks. An experienced Will County real estate attorney can help you avoid mistakes that would end up making the process take much longer.
Real Estate Lawyers Make Sure Titles Pass Clearly
One critical role that real estate lawyers play in residential real estate transactions is working with title companies to make sure that sellers have the right to pass full property title to buyers with no adverse excpetions against title. If any obstacles exist in this process, a good Joliet real estate lawyer can help identify them and work to resolve any issues.
Illinois Real Estate Attorneys Reduce the Risk of Post-Closing Litigation
While real estate attorneys often charge small fees, litigation lawyers are often much more costly. Obtaining the services of a Will County real estate lawyer will substantially decrease the risk of post-closing disputes, which commonly arise from either ambiguities or mistakes in real estate contracts.
Not only can real estate lawyers make sure that property contracts are free from problems, but these attorneys can also make sure that all legal requirements are satisfied before closing. Illinois real estate lawyers can make sure that a property transaction is fair to both parties.
Real Estate Topics of Interest
For more information regarding some specific aspects Real Estate Law in Joliet and the greater Will County area, please see the topics below