Areas in Which an Attorney Can Help
As a buyer, having a real estate attorney in your corner can be useful in a wide variety of situations. Some examples of scenarios in which you may want legal representation include:
- Reviewing a Purchase Contract. An experienced attorney can walk you through the purchase agreement of your potential new property. They’ll be able to define complicated legal jargon and explain exactly what you’re agreeing to when you sign on the dotted line.
- Having a Property Inspected. If an inspector finds problems with the property, the seller may try to get out of paying for repairs. An attorney can help you mitigate the issue, or, if your purchase contract allows, help you withdraw from the transaction without penalty.
- Completing a Title Search. If a lien turns up during a title search of a property you’re interested in, an attorney can look into it to ensure you’re protected.
- Closing on a New Property. When you’re ready to take the plunge and close on your new property, you deserve to have your interests represented, whether they involve financing, the title transfer, the mortgage agreement, or another related aspect.
At The Law Office of Alyease Jones, our attorneys have the skills to handle the above situations and more. Let us know when you need a dedicated legal partner during any step of the real estate process.
Types of Illinois Real Estate Documents
The world of real estate involves a multitude of documents that must be presented, reviewed, and signed at various stages of the process. Examples of common documents are:
- The Initial Offer. This is submitted by a buyer interested in a home or other property, and it outlines the price they are willing to pay, their proposed downpayment, and any conditions that must be met by the seller before the sale can proceed.
- The Counteroffer. If the seller isn’t satisfied with the potential buyer’s offer, they can counter with aspects like a higher price or a sooner closing date.
- The Purchase Agreement. Once both parties have agreed on the terms of the sale, the buyer will sign a final offer, and the transaction will enter into escrow.
Get Sound Advice on Your Real Estate Journey
Whether you’re buying or selling, the real estate process can provide an exciting new opportunity. Don’t let the complex details detract from your fresh start. Instead, turn to a knowledgeable real estate attorney when you need to navigate a maze of legalities.
Schedule a consultation with us today at The Law Office of Alyease Jones. We’re prepared to advise you on a real estate issue in Chicago, or anywhere else throughout the area, including Cook, DuPage, or Will County, Illinois.