What Can a Real Estate Attorney Do for a Seller?
The processes of selling and purchasing real estate can be highly complex, with much room for error. The legal jargon in closing documents alone can leave you wondering what you signed. Having an experienced Illinois real estate attorney can make the process feel more secure. If you are selling your home, consider the role of a real estate lawyer and how our attorney can help you sell your property.
Preparing the Listing
Your attorney will work closely with the real estate broker to review the listing’s terms and associated commissions. They may complete the disclosure forms, ensuring everything meets the legal requirements for potential buyers. These documents are full of facts that require careful checking, such as the tax information, square footage, and property identification number. The goal is accuracy, leaving nothing questionable for the buyers.
Handling All Documentation
The purchase contract and closing paperwork are two of the most important elements of a real estate deal. Once you get an offer, your attorney will review it, ensuring all terms are in your best interest and offering suggestions to fill any gaps that could leave you vulnerable.
Settlement statements, the deed, tax forms, and disclosures are just a few elements of the closing paperwork that can be confusing. Having a legal representative prepare these documents and review them with you can be an asset for avoiding errors.
Resolving Disputes During the Transaction
Ideally, everything will unfold smoothly, but should issues arise, your attorney can mediate and help resolve them as quickly as possible. Some common issues include:
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Communication problems between you and the real estate agent
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Disputes over property boundary lines or other elements of the transaction
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Breach of contract accusations, such as missing a payment or failing to pass inspections
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Failure to disclose accusations from the buyer
Disputes can cause delays, and delays can have hefty financial repercussions. When you have a legal representative, your chances of resolving these issues more rapidly will likely increase.
Representing You During Closing
The closing meeting is the most exciting part of the real estate selling process, but things can come up at the last minute. Your attorney will oversee the process, verifying all signing obligations and guiding you through any questions you may have as you review the closing documents.
Schedule Your Free Consultation With a Hyde Park, IL Residential Real Estate Attorney
Our knowledgeable Roseland, IL real estate lawyer can mitigate risks and make the closing process smoother. At The Sherrod Law Firm, Ltd., we understand the value of peace of mind in real estate dealings. We believe in walking our clients through every step of the process to ensure they feel confident with each decision. Call 312-321-6910 today and schedule a free consultation and learn more about what having a legal representative can mean for you.