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

How to Change a Child Custody Agreement

Child custody agreements are legally binding decisions. They dictate the living arrangements and parental responsibilities…

1 week ago

When Does a Small Business Need an Attorney?

Starting and managing a small business involves multiple challenges. It is more than just announcing…

3 weeks ago

Contractor vs. Employee Understanding the Differences

In the modern workforce, there is a significant distinction between contractors and employees, each with…

1 month ago

The Most Important Considerations When Starting a Business

Starting a business can be an exciting journey filled with challenges and endless possibilities. While…

2 months ago

Tips to Help Settle Child Custody Disputes

Child custody disputes are one of the most emotionally taxing and complex legal battles individuals…

2 months ago

Trusts vs. Wills: What You Should Know

When it comes to estate planning, two common tools are trusts and wills. Both serve…

3 months ago