For the vast majority of real estate transactions, an agent or realtor is qualified to answer questions and address all of the concerns of their client. However, there are some cases in which agents can’t settle a disagreement or just aren’t certain of how to help their client. Instead of abandoning the deal, a buyer could hire residential real estate lawyers in Chicago. By hiring an attorney, a property buyer could have a professional take a look over the documents related to the transaction and get guidance on how to proceed.
Sometimes, a person will enter into a contract to purchase a house that was a rental property. If there is a tenant currently living there, the buyer must proceed carefully. There are laws related to evicting a tenant and, if the new owner violates them, even if they don’t have a lease agreement with the tenant, they could face legal trouble. With the help of an attorney that focuses on this field of law, a buyer may avoid common mistakes and get maximum value from their new home.
Another situation in which a buyer can take advantage of the services of an attorney is when they really want to purchase a home but the seller is unwilling to make concessions for problems discovered during an inspection. Heating and cooling, roofing, or structure problems could lead to expensive repairs. Because lawyers tend to be proficient at negotiating, a buyer might be more likely to get what they want as opposed to trying to negotiate or even getting help from their agent.
Instead of getting frustrated with the process, paying more than the property is worth, or giving up on an ideal piece of real estate, buyers who are serious about investing in a particular property may be able to resolve issues by hiring experienced residential real estate lawyers in Chicago like Starr Bejgiert Zink & Rowells. A real estate transaction should benefit the seller as well as the buyer, and an attorney might be able to help level the playing field for a client that suspects the property owner is attempting to take advantage of them.
