Residential Real Estate Lawyers Serving Chicago
If you are buying or selling real estate in Chicago or its surrounding suburbs, it is in your best interest to work with an experienced real estate lawyer. Even when the transaction appears to be relatively straightforward, minor errors and oversights can quickly turn a simple transaction into a real estate nightmare.
Although it’s not a state requirement to have legal representation during the purchase or sale of real estate in Illinois, having a trustworthy attorney by your side during the transaction process is a good idea and can be of immeasurable benefit should an issue arise.
How Can a Chicago Real Estate Lawyer Help?
In addition to compiling and sifting through a massive amount of paperwork and analyzing the more specific details of your transaction while applying their knowledge and expertise, your real estate attorney can help to ensure that contracts are drafted with your best interests upheld and negotiate for the fairest deal possible regardless of which side of the sale you are on.
Furthermore, real estate attorneys have in-depth knowledge of the constantly evolving real estate laws in Illinois, as well as familiarity with current property values, as well as an understanding of taxes and how these may impact you.
Real estate lawyers also know how to handle the special requirements of historical commissions, condo associations, and zoning boards. They can help you obtain and overcome hurdles related to securing a mortgage, and when problems arise, having a lawyer available to you can save you immensely in time, dollars, and stress in the long-term.
Although buyers and sellers are typically represented by their own real estate brokers or agents, often these individuals are motivated by their own interests to see the deal go through. As such, they cannot provide unbiased representation, nor do they have a deep enough understanding of the complexities of real estate laws. Only your attorney can provide fair, unbiased, legal counsel, and ensure that the process moves as quickly and efficiently as possible.
What Does a Real Estate Lawyer Do?
At Parikh Law Group, LLC, our experienced and highly skilled real estate attorneys are your advocates throughout the entire real estate transaction. Whether you are buying or selling, our legal team can help with every aspect of the process, including:
- Purchase and sale agreements
- Title searches
- Reviewing contracts and other important paperwork
- Negotiating for your best interests
- Communicating with mortgage lenders
- Assisting with financial matters, such as the proration of property taxes
- Representing you at closing
- Mediation, if the need arises
- Litigation, if problems cannot be resolved through mediation
The real estate team at Parikh Law Group, LLC has developed strong connections with real estate agents, lenders, and insurance companies in the Chicago area over the years. Whether you’re the buyer or the seller, our goal is to help you achieve the best deal through the most seamless real estate transaction process, whilst keeping your costs low and economical.
When Buyers and Sellers Should Definitely Hire a Real Estate Lawyer
Although every buyer and seller should hire a real estate lawyer, there are certain situations in which doing so is critical.
Buyers should definitely hire a lawyer when they are buying:
- Out-of-town property;
- Short sale or bank-owned property;
- Property at an estate sale; and
- Property with structural issues, or that is in a flood zone, or has other problematic conditions.
Sellers should definitely hire a lawyer when they are selling:
- Property inherited from a deceased loved one;
- Property with liens or judgments;
- Property that is jointly owned with someone who is being uncooperative; and
- Property with serious structural issues, or that is in a flood zone, or has other problematic conditions.
Contact an Illinois Real Estate Lawyer Today
If you are buying or selling residential real estate, the skilled legal team at Parikh Law Group, LLC can help. We have protected the rights and best interests of countless property owners in Chicago and the surrounding area, and we take pride in helping our clients get the best deal in the most efficient manner possible. Contact us today for a confidential consultation in English, Hindi, Gujarati, Spanish, or Farsi.