Wheaton, IL Residential Real Estate Attorney

Experienced Real Estate Lawyer Protecting Home Buyers and Sellers in DuPage County, IL

Buying or selling a home is the most complex transaction most people will ever be involved in. The amount of moving parts in a residential real estate sale can be overwhelming. If you have ever witnessed a closing, you understand how much paperwork is involved. Both buyers and sellers experience contract after contract is being shoved at them and feeling pressured to sign quickly, without a real chance to read and understand everything they are signing. One of the many things an attorney can do is review each contract and every bit of paperwork involved in your transaction. An experienced lawyer can ensure that there will be no unpleasant surprises after the keys are handed off.

The McCormick Law Firm, LLC has over ten years of legal experience representing people who are buying or selling residential real estate. Whether you are buying your first family home or buying your fifth property to rent out, our experienced Wheaton, IL real estate attorneys are here for you. We will strive to make sure your interests are protected throughout the transaction. Our firm offers substantial discounts to first responders, active duty military members, and veterans, so please mention your status when you reach out to us.

Why You Need a Lawyer When Buying a Home

Buying real estate is an investment. Naturally, you want to make the most sound investment possible. A lawyer can head off potential problems you could face later. A few reasons you need a lawyer include:

• Revealing encumbrances - Sellers may be reluctant to explicitly disclose encumbrances like active leases, easements that might be bothersome to you, HOA restrictions that will interfere with your ability to use the property as you wanted to, or liens. You would not want to buy a house and only then find out that there is an easement and you will frequently have hikers walking through your backyard, which you planned to fence in for your dogs.
• Making sure no ne else has a claim - Your lawyer will review the chain of title to make sure all previous owners other than the seller no longer have any claim to the house. Buying a house and then finding out that the person who owned it before the seller had a spouse who never gave up his rights to the home would be unpleasant.
• Forcing disclosures - An attorney will know what questions to ask the seller to ensure that you have all the relevant information you need to make a decision about whether to buy this property.
• Helping you avoid scams - Real estate scams are common these days. An experienced attorney can generally spot them easily.

Why Home Sellers Need an Attorney

An attorney for a seller will do many of the same things a buyer's attorney will do. An attorney can:

• Make sure you can fulfill your contractual obligations - Your attorney will review your contracts to make sure you can provide everything you are promising to. If you use a type of deed that guarantees that you have full and exclusive rights to sell the property, your lawyer will want to review the chain of title to make sure that is true.
• Ensuring appropriate disclosures are made - It is important to make sure you have given the buyer all the information he or she needs. Your attorney can research the property to make sure that you have disclosed any restrictions or encumbrances, as well as make sure appropriate disclosures about the condition of the house are made.
• Negotiating with the buyers - There is a lot of negotiating involved in real estate sales. An attorney can negotiate with the buyer on your behalf to try to get you the best deal possible.
• Helping you avoid bad offers - An attorney will know if a buyer's request is reasonable, while a first-time seller may not know what is and is not normal in home sales.

Contact a Wheaton, IL Residential Real Estate Lawyer

The McCormick Law Firm, LLC is highly experienced in representing both buyers and sellers of residential real estate. Our dedicated DuPage County, IL real estate transactions attorneys will do all we can to make sure you can feel confident in your purchase or sale. Contact us at 630-517-8570 for a free consultation.