As the real estate industry evolves, buyers have been asking if they should hire a real estate agent to help them buy real estate. Our answer is an emphatic...
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When it comes to buying and selling property, Illinois is considered an "attorney state." Lawyers participate in the real estate sale process as a matter of custom and practice. But there are no laws or ordinances that require a buyer or seller to use one. That said, there are certain things that only a lawyer can do for you. There are also elements of the transaction that only a lawyer should do for you.
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Selling a home in the Chicago area (or really anywhere), should be easy enough: buyer gives seller money, seller gives buyer keys and a deed. Oh, if only it were that simple.
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It was summer of 1991. The sun beat down on my un-airconditioned car as I composed myself. After four years as a trial lawyer, I was walking blindly into my first real estate closing.
My boss gave me no notice. No briefing. No training. The ‘file’ was a crumpled copy of the purchase contract that he tossed at me as he said, “This is the buyer’s first home and the most important thing in his life right now. He is also my car mechanic. That makes it important to me too.”
Sure, I studied real estate in law school, but that was four years earlier.
My boss gave me no notice. No briefing. No training. The ‘file’ was a crumpled copy of the purchase contract that he tossed at me as he said, “This is the buyer’s first home and the most important thing in his life right now. He is also my car mechanic. That makes it important to me too.”
Sure, I studied real estate in law school, but that was four years earlier.
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My phone rings. It’s Amanda, a client in the last steps of buying a house with her husband James. She’s calling as they take the final walk-through before the closing the next day. I hear the upset in her voice as she tells me,
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