Crystal Lake Real Estate Lawyers
Attorneys Serving McHenry County & the Surrounding Areas
Buying and selling real property may seem like a simple proposition, but it’s easy to make costly mistakes if you are unfamiliar with the many technical legal aspects of the process. Having an experienced real estate attorney at your side can smooth the process, ensure that your interests are fully protected, and allow you to make this important purchase or sale with confidence.
Purchase and Sale of Residential Real Estate in Illinois
Whether you’re purchasing a home, buying residential real estate as an investment, or selling a house, a qualified real estate attorney can assist by:
- Negotiating contract terms
- Drafting or reviewing the purchase and sale agreement
- Establishing and managing contingencies
- Reviewing loan documents
- Ensuring that title passes cleanly
- Representing your interests at closing
- Resolving contract disputes
- Reviewing Homeowner’s Association regulations
- Managing compliance with state and local legal requirements
As a home buyer, you want to be certain that you aren’t taking on undisclosed structural or maintenance problems, and that you know exactly what to expect in terms of mortgage loan payments and interest. You don’t want to move in only to discover that costly repairs are required, or that your new neighborhood association won’t allow you to park your recreational vehicle in your own driveway.
As a home seller, you want to be confident that your liability ends when you transfer title to the property, and that there aren’t contract provisions or unresolved issues that may come back to haunt you after you have moved on.
Working with an experienced real estate attorney protects these interests and others, helping to ensure that you do not overlook or misunderstand anything important.
Commercial Real Estate Transactions
Purchase and sale of commercial real estate involves many of the same issues discussed in connection with residential real estate. However, commercial transactions involve additional considerations, as well. For example:
- Ensuring that the property is properly zoned for the intended purpose
- Addressing equipment and other non-real property included in the sale
- Managing existing contracts, such as notice to tenants
- Determining whether the sale is “as is” or the seller is making representations
- Assigning risk of loss between execution of the contract and closing
When you’re making an investment in commercial property, you can’t afford to make assumptions or cut corners. Ensure that your interests are fully protected and that you have all of the information you need to move forward with confidence—retain an experienced commercial real estate lawyer to guide you through the process.
Invest in Your Real Estate Investment
Regardless of the type of real property you’re purchasing and its intended purpose, it is an investment. The investment value of commercial property or property you plan to fix up and flip is readily apparent, but your home is also an investment. Many Americans’ homes are their largest and most significant assets.
Too often, purchasers and sellers alike entrust this important transaction to a fill-in-the-blank contract downloaded from the Internet, or simply sign paperwork that a non-attorney real estate agent puts in front of them. Protect your investment in advance by getting knowledgeable guidance through the negotiation, financing, contract formation, and closing phases.
Talk to One of Our Experienced Real Estate Lawyers
Whether you’re just beginning to shop for residential or commercial property or you have identified the property you hope to purchase and are ready to move forward, you can benefit from a consultation with a seasoned real estate attorney.
To best protect your interests, schedule a consultation right now, before you move forward with the process.