One of the trends in today’s real estate market is selling your own home. Various websites offer their services to help you prepare, list and sell your own residence. Some homebuyers also adopt the same path. While this is a feasible option, this could increase the issues for potential homebuyers in Tampa. To counteract the situation and avoid any possible risk, a homebuyer should hire a real estate attorney.
Whether it is your first home or your second or third, the process can be a complex one. While the viewings and initial meetings are simple matters, making sure all the paperwork is handled correctly is not. Every state, including Chicago, has specific requirements on the process. While Chicago does not mandate a real estate lawyer be involved, it may well work to your advantage to do so, particularly if you decide to sell your home without the help of a real estate agent.
The buying process can go horribly wrong if any errors or omissions occur. A seemingly sweet deal could actually cost you money if you do not utilize the right paperwork to address specific, pertinent issues. This is where hiring a real estate lawyer becomes an asset to your purchase power.
Why You Need a Real Estate Attorney
Real estate lawyers tend to focus on clients who buy and/or sell property. This is all they do. This makes them experts in the real estate law of their state. By hiring a Chicago real estate attorney, you are engaging someone who can recognize any potential issues and guide you through the entire process from mortgage document reviews to property searches, legal deed reviews and lot surveys. The layer will also go over your purchase agreement with a fine-toothed comb before he or she allows you to sign it.
You hire a real estate lawyer to take care of the details and not the fine points. You hire a lawyer to:
- Offer you advice
- Prepare documents
- To closely peruse documents e.g. deed, title, bill of sale, etc. and point out the benefits and disadvantages.
- To dig deeper if required into the property and its contents e.g. structures to see if there are any outstanding violations including property lines and potential encroachments, code issues, lien problems, etc.
- To provide you with information on current and potential zoning that may influence your plans for the property.
These are all possible problems and basic issues a real estate attorney can handle to ensure the Chicago home you really want to purchase comes unencumbered.
Real estate law is one of the main practice areas at the law office of Starr, Bejgiert, Zink & Rowells. Our attorneys have over 80 years of combined experience in this area of law ensuring accurate legal advisement for our clients.
