Why Should I Hire a Real Estate Attorney in Godfrey, IL?
The sale or purchase of a property can be quite an undertaking that requires the expertise of several professionals, in addition to realtors, to get you to the finish line. A real estate attorney can be a valuable partner in assisting you with your goals and ensure the transaction has a successful outcome. There are several benefits to working with a real estate attorney in Godfrey, IL.
Contract Review with your Real Estate Attorney
Once you decide to go forward with a real estate deal, you’ll be presented with a contract. It’s essential to review the contract to ensure all your required terms and conditions have been incorporated within the contract and that the contract is acceptable. Attorney modifications may be necessary if your attorney identifies areas of the contract that may not address certain issues or don’t meet the terms to which you’ve agreed.
Your attorney will be responsible for filing paperwork that transfers the property from one owner to another. The real estate attorney will draft the deeds and file them with the local courthouse. You can also depend on your attorney to perform a title search if you are the buyer to ensure the property is being sold free and clear.
Your real estate attorney is a valuable asset when it comes to the closing of the transaction. They can make sure all documents are in order, and nothing has been overlooked. Their job is to ensure the entire process is legal so that you won’t have bigger issues to deal with in the future. Your attorney will work directly with the mortgage company, your realtor, and the other party’s attorney and realtors to complete the following in a timely manner:
- Title insurance
- Home inspection
- Mortgage commitment
- Preparation of closing documents
Post-Closing Litigation with your Real Estate Attorney
Just because the transaction closes doesn’t mean there won’t be problems in the future. Post-closing litigation may arise from the following issues:
- Disputes involving ownership, boundaries, zoning and land use
- Tax sale litigation
- Environmental compliance
- Quiet title actions
- Landlord-tenant disputes
- Condemnation and eminent domain proceedings
When faced with post-closing litigation of any kind, it is important to have an expert on your side that can guide you through the confusing legal proceedings to ensure you’ll have a successful outcome and resolve issues related to your property.
When you decide to buy or sell property, it’s wise to hire a real estate attorney in Godfrey, IL. Diaz Law Offices are available to help guide you through the complex process of any real estate transaction.