12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

Do I Need a Lawyer to Buy or Sell a Home in Freeman Spur, IL

Do I Need a Lawyer to Buy or Sell a Home in Freeman Spur, IL


Owning a home is a keystone of wealth — both financial affluence and emotional security.
 
- Suze Orman


For most people, buying or selling a home is the most expensive transaction that they will ever conduct. You can usually handle the tasks involved in buying or selling real estate with the help of one or more real-estate professionals: a good real estate agent, the escrow company, and possibly a mortgage broker.

Many states have standard contracts for the sale of real estate. Many real estate transactions are conducted with the help of a lawyer. However, please make sure that you actually read everything you sign. Ask questions if there's something you don't understand.

If the buyer or seller tries to back out of the deal or if something goes wrong after the deal has closed (e.g. undisclosed structural issues), you can always hire a lawyer after the fact.

Some factors to consider in whether or not to hire a lawyer: 1) the lawyer's fees are tiny compared with the purchase price; 2) your state requires an attorney for closing or some other aspect of the sale; 3) you don't entirely trust the other party and/or the real estate agents involves; 4) you are jointly buying or selling the house with a co-owner that is not a family member; 6) the property you are buying is in probate or foreclosure; 7) the property is in a development with homeowner association rules; or 8) there are other complicating factors such as the seller helping the buyer obtain a mortgage.

Real estate agents and representatives of the escrow company can't make judgments on legal questions. For example, if your prospective new home has an illegal in-law unit with an existing tenant whom you want to evict or if either party adds unusual language into the purchase contract or mortgage, you may want to have an attorney look the documents over.

Your agreement of purchase and sale is a legal contract that defines: 1) what you are selling; 2) the sale price, the deposit and who holds the deposit3) when the sale will close; 3) the conditions (e.g. financing, home inspection) to be satisfied before the contract becomes binding; and 4) any special arrangements between you and the purchaser.

The sale will include everything that forms part of the real property, including any equipment or other items that are affixed to the buildings, unless you make exceptions for them. Light fixtures, stained glass windows, built in bookcases etc. are all included. Any fixtures you wish to remove must be specified in the agreement.

The taxes will be adjusted on closing so that you pay a proportion based on the number of days of the calendar year you have owned the property and the purchaser pays the balance.

Only you can decide if hiring a lawyer is right for you. Check out 12Law.com for listings of lawyers in your neighborhood.
 
Personalize & Print a Free IL Last Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
 
Personalize & Print a Free IL Living Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Related Legal Services near Freeman Spur, IL
Warren C. Dulski
4108 N Cicero Ave
Chicago, IL 60641
(773) 777-9559
Estate Planning Attorneys,  Attorneys,  Social Security & Disability Law Attorneys,  Accident & Prop
Beaulieu Law Offices PC
5339 W Belmont Ave
Chicago, IL 60641
(773) 545-9339
General Practice Attorneys, Attorneys
Macey Bankruptcy Law
4865 W Irving Park Rd Ste 1ST
Chicago, IL 60641
(773) 645-9320
Bankruptcy Law Attorneys, Attorneys, Bankruptcy Services
Schroeder Joseph R
517 Locust St
Marshall, IL 62441
(217) 826-8051
Social Security & Disability Law Attorneys, Attorneys, Corporation & Partnership Law Attorneys, Gene
Dent John C LTD
17056 S Neuberry Ridge Ct
Lockport, IL 60441
(847) 724-7955
Attorneys Referral & Information Service, Attorneys
De Biase Paul
5536 W Montrose Ave
Chicago, IL 60641
(773) 685-7150
General Practice Attorneys, Attorneys
John McCarthy
2920 N Cicero Ave
Chicago, IL 60641
(773) 685-6866
General Practice Attorneys, Attorneys, Legal Service Plans
Bernardoni Richard J
115 S 6th St
Marshall, IL 62441
(217) 826-6330
General Practice Attorneys, Attorneys, Legal Service Plans
Chitown Law LLC
2847 N Pulaski Rd
Chicago, IL 60641
(847) 798-6261
Attorneys, Real Estate Attorneys, Bankruptcy Law Attorneys
Cappellini Timothy D
469 Main St # 2
Marseilles, IL 61341
(815) 795-6125
Criminal Law Attorneys,  Family Law Attorneys,  Legal Service Plans,  Attorneys
Berkland Duane
753 Canal St
Marseilles, IL 61341
(815) 795-5888
Accident & Property Damage Attorneys,  Attorneys,  Criminal Law Attorneys,  Family Law Attorneys,  R
Mc Carthy Jeffrey
136 E 9th St
Lockport, IL 60441
(815) 838-5297
General Practice Attorneys, Attorneys, Legal Service Plans
Whitefield Edward
3823 N Cicero Ave
Chicago, IL 60641
(773) 286-3989
Attorneys, Legal Service Plans
Miranda Law Office
3535 N Pulaski Rd Ste 1
Chicago, IL 60641
(773) 588-3822
General Practice Attorneys, Attorneys, Legal Service Plans
Elwood Law Office
901 S Hamilton St
Lockport, IL 60441
(815) 588-3677
Attorneys, Real Estate Attorneys
David A. Zipp, P.C.
PO Box 456
Ingleside, IL 60041
(847) 980-3610
Attorneys
J Samuel Worley Law OFFICE
3535 N Pulaski Rd
Chicago, IL 60641
(773) 478-3535
General Practice Attorneys, Attorneys, Legal Service Plans
Macey Bankruptcy Law, PC
4865 W. Irving Park Rd. 1st Floor
Chicago, IL 60641
(773) 942-2636
Bankruptcy Law Attorneys, Attorneys
James Richard L
201 N Michigan Ave # 3
Marshall, IL 62441
(217) 826-2525
General Practice Attorneys, Attorneys, Legal Service Plans
Luis Sanabria
5240 W Irving Park Rd Ste 3
Chicago, IL 60641
(773) 283-2239
Attorneys, General Practice Attorneys
Mason S Michael
101 E Bluff St
Marseilles, IL 61341
(815) 795-2187
Attorneys
Guerrini Timothy J
483 Main St # 2
Marseilles, IL 61341
(815) 795-2142
Real Estate Attorneys, Attorneys, Legal Service Plans
Bernard D Ward
15420 S Douglas Pkwy
Lockport, IL 60441
(815) 834-2001
DUI & DWI Attorneys,  Criminal Law Attorneys,  Attorneys,  Real Estate Attorneys,  Traffic Law Attor
A Bankruptcy Infotape
4218 N Cicero Ave
Chicago, IL 60641
(888) 332-1905
Bankruptcy Law Attorneys, Attorneys, Bankruptcy Services
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US