Real Estate

When Would I Need a Real Estate Lawyer?

Attorneys who specialize in real estate can provide you with the guidance you may need as a buyer or seller of a residential property or as a real estate investor. They could be hired at the beginning of the transaction to help guide the process and provide you with advice.

Do You Need an Attorney to Buy and Sell a House?

Although you are not required by law to work with a real estate attorney when you are buying or selling a home in Illinois, you will find that it may still be a good idea. Buying and selling is a detailed, intricate process, and there is always the chance that something could go wrong that you don’t notice.

Having a real estate attorney working for you and who can be present at closing, for example, can be a huge benefit. If the transaction is complex or if there are issues with the title, mineral rights, etc., you will want to have a real estate attorney on your side. It will give you some peace of mind.

Litigation Help

However, they aren’t only involved in helping with buying and selling property. They are sometimes hired as litigators when there is a problem with the transaction. For example, there could be issues with the home that the buyer says weren’t disclosed by the seller. This may need to go to litigation, and a real estate attorney may be needed.

Residential and Commercial

Real estate law can cover both residential and commercial properties. While you may not need a real estate attorney for all residential transactions, as long as they are straightforward, the same isn’t true of commercial real estate.

You will find that commercial real estate tends to be more complicated and expensive. Therefore, it carries with it a higher amount of risk. The cost of commercial properties tends to be a lot higher than residential, after all.

Hiring a real estate lawyer to help you with all of your commercial real estate investments and sales is a good idea. Doing so can help you to avoid some expensive mistakes. It is always better to be safe rather than sorry.

Before you go ahead with your next real estate transaction, stop to consider the benefits of hiring Gandhi Selim Law. Get in touch with an attorney who knows and understands this aspect of the law.

Share
Published by
Gandhi Selim Law

Recent Posts

What Is a Small Estate Affidavit and When Is It Applicable?

Small estate affidavits are legal documents that allow an individual to claim a deceased person’s…

4 weeks ago

Reviewing Your Will/Trust Every Couple of Years: Why It Is Important

Setting up a will or trust is a responsible thing to do, and it is…

1 month ago

Giving to Charities in Your Trust

When you have trust, there are a lot of things that you can do with…

2 months ago

What Is a 1031 Exchange and When Is It Applicable?

A 1031 exchange is an option available in real estate where the owner of a…

2 months ago

Named the Executor of a Will (and the Person Passes Away): What Is the Next Step?

The executor of a will has an important job following the death of the person…

3 months ago

Giving to Charities in Your Will

There are many reasons someone may want to work a charitable donation into their will.…

3 months ago