While many people are aware that some attorneys focus on real estate law, they may not understand all the different scenarios in which this type of legal support can come in handy. In fact, a Residential Real Estate Lawyer in Chicago can provide advice in a number of situations. Here are some examples to keep in mind.
Researching a Property
People who are buying a home for the first time are often bewildered by all of the documents involved. They are also not completely sure of what needs to be checked before anything is signed. Choosing to seek counsel from a Residential Real Estate Lawyer in Chicago will make it easier to understand what must be done and how the buyer can be protected at every stage of the deal.
For example, the lawyer can research the property in question and ensure it is currently clear of any liens or claims. Making sure the previous transfers of the property were done in accordance with the laws of the time is also important. This type of precautionary measure helps to protect the client from someone staking a claim to the property a few years down the road.
Documenting Special Arrangements Between the Buyer and the Seller
There are times when buyers and sellers come to agreements about what each party will do as part of the purchase terms and conditions. For example, the seller may agree to pay for the installation of a new roof in order to command a better price for the property. Maybe the plan is to leave behind all the major kitchen appliances as an added incentive for the buyer. Rather than considering a handshake enough to secure these special arrangements, it helps to have an attorney ensure they are documented in the sales documents. Doing so will ensure that there is no debate about what was and was not promised.
For anyone who is thinking of buying any type of residential property, talk with the team at Starr today. Go over the current status of the arrangement and bring along any documents that relate to the property itself. With a little help, it is possible to determine if the deal is really a good one or of the client would be best served by looking for a different opportunity. Visit http://sbzrlaw.com for more information.