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Do you really need a lawyer to buy or sell a home?

Buying a home in Illinois is an exciting step for your family, but you would be wise to take measures to ensure that you avoid as many issues and complications as possible. When you work to avoid problems before they happen, it can save you significant time, money and stress as you work to reach your real estate objectives.

Many people think that all they need for success in their real estate transaction is a knowledgeable real estate agent. In reality, it can be quite beneficial to also have the assistance of an experienced attorney. Your legal ally can review your contracts, protect your interests and help you effectively navigate any challenges that threaten your financial well-being. 

Why you may need help when buying a home

The purchase of a home is one of the most significant financial transactions of your life. There is much more involved in buying a home than simply finding a house that meets your specifications and making an offer. You could benefit from experienced legal guidance as you navigate the often-complicated home-buying process. When drafting a purchase agreement, your legal ally can help you address the following concerns:

  • Are there hazardous materials or toxic substances on the property that could cause harm to the buyer?
  • Are you including contingencies in your contract for your protection in case of an unfavorable inspection?
  • Will you have the ability to make any changes or alterations to the property that you wish to make after the purchase is complete?
  • If the closing falls through for any reason, will you be liable for any fees?

These are just a few of the questions that you may need to ask as you buy a house. The terms of your purchase agreement matter, and you would be prudent to take every step to ensure the full protection of your interests. Signing something without careful review could have detrimental consequences for you in the future.

Navigating real estate law concerns 

Real estate law issues can be complex, even during a seemingly straightforward home purchase process. Instead of navigating these issues alone and exposing yourself to unnecessary legal and financial ramifications, you may find it useful to seek guidance from the very beginning of the process.

If you are considering a real estate purchase, you could benefit from a complete explanation of your legal rights and options. This can ensure you have necessary guidance on everything from title searches to drafting contracts.

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Schlueter Ecklund & Davitt
4023 Charles Street
Rockford, IL 61108

Toll Free: 800-207-5133
Phone: 815-516-8264
Fax: 815-229-0733
Rockford Office Location