FSBO Legal Questions
Real Estate Law Attorney in Illinois
Real Estate Law Attorney in Illinois
Real Estate Law Attorney
Are you planning to sell your estate? A house seller or an investor in Illinois is supposed to work with a professional and certified real estate lawyer to execute the transaction seamlessly. Conducting a real estate transaction is easier said than done, especially when you are selling your house without a real estate agent. There is always a risk of disputes arising during the sale process. It can be an error in the sale contract or issues with the ownership title.
In some cases, the buyers file a case against the seller for not giving full disclosure of the property. That’s why more and more sellers are now relying on real estate attorneys in Illinois to streamline the estate transaction and avoid any penalties arising from legal matters.
In any real estate transaction, both the buyer and seller have certain legal obligations that must be met before signing the deal. The process is pretty time-intensive and hectic, as you are supposed to work with tax experts, home inspection teams, appraisers, title companies, municipalities, and lenders. That’s where we can help!
We have seen people avoid attorneys just to save a few dollars, but they end up paying more because of the legal complications. If your house contracts do not comply with the real estate laws in Illinois, you will encounter unnecessary legal penalties that will cost you hundreds of thousands of dollars. Having handled a large number of real estate transactions in the past, we know what it takes for you to make the process as smooth as possible.
We maintain a proper line of communication throughout the deal. From preparing contracts to closing the deal, we will be there with you at every step. Having us on your side means we will be there to help you deal with any problem that arises during the sale.
Here’s how we help:
- Prepare and review the sales contract
- Negotiate the terms of the sale contract with the homebuyer or their lawyer
- Fix errors in the title reports
- Go over the settlement statement before executing the closing
Although Illinois state laws have not made it mandatory for people to have a real estate attorney present at the time of closing, homebuyers and sellers must consider hiring a certified attorney to ensure smooth estate transactions. Our team, at FSBO legal Services, ensures that every process is executed as expected during the acquisition of the property. Our services cover property taxes, zoning, real estate planning, deeds, and titles. We make sure that the deal is in your best interest, the transfer is executed legally, and every process is carried out as required by state law.
We also serve as your legal representative should any dispute arise. We know the ins and outs of real estate law. We review your documentation to ensure that your contracts are 100% error-free and any problem in your property is disclosed before the closing. The risk of post-closing litigation is significantly reduced when attorneys are handling the process—from contract to closing.
FSBO Legal Services handles all aspects of real estate sales. We consult our clients, prepare real estate contracts, transaction documents, and work with all parties involved in the transaction to ensure a successful closing.
A home inspection should be performed by a licensed professional home inspector. A homeowner should hire one before starting the sales process.
A home seller usually pays for transfer taxes, title, closing fees, owner’s title insurance, and recording fees at closing in Illinois.
According to Zillow, the typical home value in Illinois is around a sale price of $249,14, and the total cost is around $4,562.