Buying a home, especially for the first time, can be an experience filled with excitement and trepidation. After all, buying a home is both an enormous financial commitment and a major milestone in a person or couple’s life. If you are interested in buying a home in Illinois for the first time, you probably have a million questions about what you need to do. Fortunately, with the help of a residential real estate attorney, the process of buying a home can be simple and straightforward.
Do I Have to Have a Lawyer to Buy a House in Illinois?
Because buying a house entails signing major contracts, Illinois requires homebuyers to have an attorney review the purchase agreement before a home purchase can be finalized. Even if you do not have a real estate attorney for any other reason, this part, at least, is mandatory. Your contract should always have something called a “contingency clause,” which allows an attorney to review and change the contract. Your attorney will make sure this clause is there and that he or she makes other necessary changes to protect your interests. However, residential real estate attorneys can be helpful for many other reasons.
What Else Does a Residential Real Estate Lawyer Do?
You will want the help of a residential real estate attorney before you even begin looking at a house. This is because an attorney can explain how long you can expect to wait in general before a purchase is finalized, and offer more specific advice on a specific property. This can be very important, especially if you are moving out of another home or apartment on a tight deadline.
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