Buying a first home can be a very exciting time in a person’s life, and for most, it’s the largest purchase of a lifetime. However, home buying can be confusing because of the extent of the regulations and rules involved. Even if the state doesn’t require it, hiring a real estate lawyer can help a buyer protect their legal rights and interests. Below are a few compelling reasons for buyers to have legal representation.
Saving Money
One of the biggest benefits of hiring a real estate law attorney in Chicago is that the client gets an advocate during the process. Most real estate attorneys with real estate licenses can protect a client’s interests while helping them through the purchase process, at no additional cost. Therefore, hiring a real estate lawyer can help a client save in the long term.
Reassurance
Real estate agents must think on their feet and solve problems as they appear. While agents are great at contracting and negotiating, they cannot offer legal advice. When a client hires a real estate lawyer, the client gets the benefit of contracting and negotiating with added experience and legal knowledge. This can provide clients with peace of mind during the complex home purchase process.
Solving of Complex Problems
When issues arise during the purchase process, it’s important to hire an attorney. Real estate lawyers understand the complexities of business arrangements, as well as state requirements on real estate transactions. These lawyers know how to handle HOA problems, review mortgage and closing documents and protect clients from unfair contract provisions. Therefore, the client is protected on the legal and transactional fronts.
Diminished Risk of Litigation
Hiring a real estate lawyer is not a requirement in all jurisdictions. Without legal help from Starr Bejgiert Zink & Rowells, however, a seller may be sued by a buyer for failure to disclose material defects, title issues and inspection results. The lawyer’s job is to ensure compliance while protecting the client’s interests during the transaction.
While buying a home can be exciting, there are many legal issues to consider. By hiring a real estate law attorney in Chicago, a client can protect their rights and get the home of their dreams.
