How to Find The Best Real Estate Attorney For Residential & Commercial Property Transactions – Abogados de Leyes de Bienes Raíces en Illinois
The possibility of owning your own home or buying a business can be very exciting. However, understanding the contracts and knowing what you are doing can be confusing. Our Hispanic real estate attorneys will sit with you and explain all aspects of a contract and help you with the different aspects of buying, selling or leasing a property. We represent Spanish speaking individuals who wish to buy or sell real estate, investors, builders and capital lenders in all types of real estate transactions and real estate litigation.
Ayudar a desenredar los muchos hilos de Derecho Inmobiliario-Bienes Raíces
La posibilidad de ser dueño de su propia casa o la compra de un negocio puede ser muy emocionante. Sin embargo, la comprensión de los contratos y saber lo que estás haciendo puede ser confuso. Nuestros abogados se sentarán con usted y les explicarán todos los aspectos de un contrato y le ayudará con los diferentes aspectos de la compra, la venta o el arrendamiento de un inmueble. Nosotros representamos a las personas que deseen comprar o vender bienes raíces, inversionistas, constructores y prestamistas de capital en todo tipo de operaciones inmobiliarias y litigios de bienes raíces.
How Do Real Estate Lawyers Work?
Illinois Residential Real Estate Attorneys
Residential real estate transactions have high stakes for both buyers and sellers. Often these transactions involve an individual or couple’s single greatest asset. Making sure that your rights and financial interests are protected when you buy or sell a house is very important. At the Law Offices, we help both buyers and sellers through the real estate process. Attorneys are knowledgeable in all areas of residential real estate law and has the experience to ensure there are no surprises in your real estate transaction.
Legal Representation for Buyers and Sellers in Illinois
Having an experienced attorney to represent you in your real estate transaction is recommended at every step of the process. From negotiating a purchase agreement through closing, experienced legal guidance can help you avoid numerous pitfalls. We work with clients of all experience levels from first time homebuyers to seasoned real estate investors offering the following real estate services:
Negotiations between buyers and sellers, Preparations of purchase and sale agreements, Review of titles, Review of purchase offers, Review of loan documents, Review of construction agreements, Assistance with title insurance, Assistance resolving title problems, Preparation of deeds, Establishment of escrow accounts, Preparation of closing documents, and Attendance at closing
We work closely with our clients to ensure you understand everything that is happening during your transaction and can make informed decisions when necessary.
If you are buying or selling a home and need experienced legal counsel to have your back, contact us to schedule a consultation.
What Real Estate Lawyer Does?
1. Home Ownership is an Important Way to Build Wealth
Home ownership isn’t for everybody. But those who step onto the home ownership ladder steadily build wealth over their lifetime. A typical homeowner’s net worth was $195,400, while that of the typical renter was $5,400, according to 2013 data from the Federal Reserve, the most recent available. New data is expected in 2016, and Lawrence Yun, chief economist of the NATIONAL ASSOCIATION OF REALTORS®, predicts it will show $225,000 to $230,000 in median net worth for homeowners and around $5,000 for renters.
2. Owning Real Estate Can Save You Hundreds in Taxes
If sending a chunk of your hard-earned money to Uncle Sam or your local government makes you nuts, real estate is for you. When you own, you may be eligible for a slew of real estate tax deductions and credits, including state and local income and property taxes, and mortgage interest and mortgage insurance payments. At the average tax rate, real estate deductions helped taxpayers save roughly $100 billion in 2015, according to NAR analysis.
3. Buyers Who Tapped Expert Real Estate Advice Were Glad They Did
When buyers who’ve recently worked with a real estate agent were asked why they teamed up with one, more than half said it was an important step in finding the right home, according to NAR’s “2015 Profile of Home Buyers and Sellers.” Nearly four out of five consumers, 78%, say their agent was a very useful source of information.
4. Sellers Were Just as Happy They Worked with a Real Estate Pro
Your fellow consumers wholeheartedly believe it’s important to work with an agent when selling. Nearly nine out of 10 sellers, or 89%, did just that. They also reported a median gain on the sale of their home of $40,000 more than they paid for it, according to NAR’s “2015 Profile of Home Buyers and Sellers.”
5. Sellers Who Spruce Up and Declutter Their Home Draw More Interest
Staging a home makes a big difference in buyers’ ability to see its potential. Four out of five real estate agents who work exclusively with buyers say staging makes it easier for buyers to visualize themselves living in the staged home, according to NAR’s “2015 Profile of Home Staging.” A well-staged home increases the price buyers are willing offer, say almost 75% REALTORS® who were surveyed about staging.Nearly half say staging will increase a home’s market value , and just under one-third say buyers are more willing to overlook a property’s faults when staging highlights its best features.
How Are Real Estate Attorneys Paid
Real estate attorneys deal with the many laws and practice areas associated with land ownership issues. For example, a commercial real estate attorney knows which laws apply to commercial transactions for construction/development projects (such as condo construction), or land use/zoning projects (such as subdividing a parcel of land for development), or real property issues (such as financing a large land purchase). Likewise, residential real estate lawyers help you buy a home, or prevent you from losing your home in foreclosure. They also know how residential tenancy laws work and can advise you of your rights as a tenant. With so many types of real estate attorneys, it is important to find a specialist who does the work you need.