If you are buying or selling a home, it is important to protect yourself and your investment from the numerous pitfalls that could arise in any real estate transaction. The law of real property in Illinois is as dense as it is archaic. From reviewing the contract to analyzing the title search to determining taxes, let our experienced Rockford real estate lawyers protect your interests.
For most clients, the buying or selling of a home is the single largest transfer or receipt of money they will be part of during their lifetime. While they may appear straightforward, real estate contracts are very complex. Even seemingly regular words and phrases may legal meanings and consequences that are very different than what you would expect.
Additionally, the contracts are strictly construed and require you to take certain actions to protect yourself. For example, what do you need to do if the home you are buying fails the inspection? What are your obligations as the seller if the home fails the appraisal? Would you be able to recognize an encumbrance on the title search? If one is found, what are the parties’ rights and obligations?
Do not find yourself caught in the position that many buyers and sellers find themselves in during a real estate transaction that has gone wrong. Let on of our Rockford Real Estate lawyers help protect you and your family today.
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