Realtors are the first people that come to mind when you want to buy or sell a home. But there’s another highly underrated person that you must have on your team: a real estate attorney.
But why do you need an attorney when you have a licensed realtor? A lawyer who specializes in real estate law and estate planning is the secret to a successful experience! They can protect you legally, help save you money, and share their expert advice.
This article explains why having a real estate attorney in your corner can help you secure your assets and navigate the real estate market’s tricky landscape.
Attorney Ben Weaver Shares the Top 7 Ways a Real Estate Attorney Can Help You…
How Can a Real Estate Attorney Help You?
Whether you’re buying a home, selling your house, or working on your estate plan, you’ll want to enlist the assistance of a trusted real estate attorney who can help you in your endeavour. Here are the top 7 ways a real estate attorney can help you…
Reviewing Contracts and Legal Documents
When properties change hands, a lot of paperwork and legalities are involved which can be very complicated for buyers and sellers to handle alone. An experienced attorney can handle the legal formalities on your behalf.
Attorneys can draft thorough contracts and review any binding legal documents the other party has drawn up. They can also simplify the terms of the agreement with you, ensuring that you understand everything. Contracts can be filled with mountains of confusing legal jargon. Let an experienced real estate attorney like Ben Weaver break it down for you. Never sign a document without knowing exactly what it means!
Real estate attorneys can also ensure all the necessary documents are presented. This includes transfer deeds, payment obligations, loan documents, etc. Having the full set of documents saves you from any disputes arising later due to improper documentation and miscommunication.
While real estate agents can help you get the best offer, real estate attorneys can be even more of a value add. They can conduct due diligence to ensure that all terms included in the contracts protect your interests.
Real estate attorneys confirm the correct paperwork is there, that state and federal laws are complied with, and a detailed home inspection has taken place in order to get the best deal for you.
Protection from Pitfalls
Buying or selling a house can be tricky. Legal and financial obligations should be met, and house inspections need to be conducted to ensure compliance with structural standards. Any repairs or structural maintenance that needs to be conducted should be mentioned in the contract clearly and plainly. This will protect buyers from having remorse and sellers from being liable for any unexpected damages.
Attorney Ben Weaver is very experienced and highly trusted. 23 Legal understands the legal and construction standards that must be met in the state of Illinois. Having Ben on your team will protect your interests now and in the future.
Save You Time
Real estate transactions are rarely as simple as you think. It’s not like purchasing a couch at IKEA. There are many important steps and transactions to complete and it can be overwhelming.
They involve multiple parties including the municipality, banks/lenders, tax assessors, and homeowners associations. Dealing with all of them, complying with their obligations, and handling the complex transfer process is time-consuming and exhausting.
For homeowners, attorneys can cut down on this time. Hiring one can save you the time you spend pouring over legal contracts and understanding what they mean for you.
Plus, attorneys deal with the several parties involved and the paperwork fairly regularly, hence they can get things done faster. Hence, attorneys can make the process move faster and be fool-proof which saves you a lot of time and effort.
First-time buyers or sellers may be novices in the real estate world, but so are individuals who have switched a couple of homes. Planning and real estate trading involves risks, and a massive investment of time and money, making it a serious decision to undertake.
Real estate attorneys are experts in the industry. They know it in and out – the market trends, state of the market, potential offers, and obligations and regulations. You can take advantage of all this expertise by hiring a lawyer and making an informed and calculated decision.
Disputes and Litigation
Complex contracts can lead to disputes later if they are not drawn up carefully. If this happens, you will need an attorney to represent you and safeguard your interests if matters go to litigation.
Litigation and disputes can be avoided, if comprehensive contracts are drawn up initially under the supervision of an attorney.
Attorneys set up meetings and help in negotiations and transfers. But they can also take care of the closing documents. Closing deals require the transfer of titles and deeds, which in itself can be extremely troublesome if not handled properly.
Loan closing processes also need to be handled. All this documentation can be handled efficiently and smoothly by an attorney, making sure that you don’t miss out on any important matters.
Should You Hire a Real Estate Lawyer?
Some states mandate a real estate attorney be present when buying/selling a home. They may add to the closing costs, but their expertise can help you make the deal better, smoother, and faster, saving you from potential disputes and unforeseen issues.
Illinois law can be complex for someone who isn’t well-versed, that’s where someone like Ben Weaver comes in handy! When hiring a lawyer, we highly suggest you read reviews first. Click here to read 23 Legal’s 5-star reviews on Google!
If you are looking to make a real estate transaction or investment in Illinois, be sure to get connected with Ben Weaver at 23 Legal! With years of experience and industry knowledge, Ben is an expert you want on your team when it comes to real estate planning, title transfers, and more.
“Working with Ben was a real pleasure. He assisted me with both the sale and purchase closings of my homes. Ben is friendly and easy to work with. He was very responsive and answered all of my questions every step of the way. I highly recommend Ben!”
– Client Testimonial
Ready to buy or sell your home? Perhaps you need help planning your estate?
Don’t do it alone. Attorney Ben Weaver at 23 Legal can help you make the most out of your real estate transactions.
Contact us today: (847) 447-6004
Why Choose 23 Legal
23 Legal offers Real Estate and Estate Planning legal services to individuals, families, community associations and small business owners throughout Chicagoland. We know how intimidating “the law” can be. In fact, when most people think of law offices, they think of stuffy leather chairs, huge wooden desks and pompous lawyers who charge outrageous fees. That’s not us! We believe in 1-to-1; the same lawyer should work with you all the way through. Whether you have an estate planning issue, family trust concern, or you have a legal problem in regard to a new home, business, real estate or remodel, you need a lawyer who cares. That’s where Ben comes in! We are great listeners; more than that, we are lawyers who believe that our clients always come first.