If you are in a complicated real estate situation, such as a short sale or foreclosure, having a real estate attorney in Crystal Lake can make the situation a lot less stressful. Sometimes the title company and your lender may require you to have a lawyer to assure them there are no issues with the title of the property. Another situation where having an attorney is a good idea when you are buying or selling commercial property, which has special rules.
High-Value Transactions
Having an attorney when dealing with a high-value residential transaction is a smart idea just based on the size of the investment. Making sure that property is in the best possible shape and requiring a full home inspection is a must. An attorney can work with the inspector to be sure the property meets your needs. They can also help with negotiations with the seller.
High-Stress Transactions
Not every real estate transaction is simple and easy. This is especially the case if the seller is having financial trouble or if the property was owned by someone who is recently deceased. This can cause people to make fast decisions on things like price, conditions, and contingencies. Emotions can get heated when someone feels the sale is forced. An attorney can ensure you know what’s happening through the entire process to give peace of mind.
Complicated Real Estate Transactions
Another situation where a real estate attorney in Crystal Lake can be helpful is when the transaction is more complicated than the average deal. Some of the situations where this applies include:
- Beachfront property
- Land use of zoning disputes
- Oil and gas rights
- Historical property
- Riparian rights
- Properties subject to assessment
- Preserved property
- Adverse possession claims
If any of these situations come up at the beginning of a transaction, having an attorney can make things a lot less stressful. This can end up being much less expensive than dealing with a claim down the road. The attorney is also able to ensure all documents used to comply with the laws of your state and federal laws.
If you need a real estate attorney in the Crystal Lake area, the professionals at Jackson Abdalla Law Group are invested in helping you. You can learn more or contact us for a free consultation by visiting .
