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Illinois Real Estate Closings: Why You Need an Attorney

Whether you are on the buying end of things or the selling end, real estate transactions carry a lot of weight. There is always the potential for legal conflicts to arise and most consumers are unprepared to handle these on their own. But do you really need an attorney when you are already working alongside a real estate agent?

To put it simply, yes. An attorney can assist you in a much greater capacity than your real estate agent can and is responsible solely for protecting your best interests. So before you proceed any further with your real estate closing, consider the following information as to why you need a real estate lawyer.

1. Benefit from a Legal Professional.

It should be noted that buying and selling real estate is a legal transaction. That being said, real estate agents are not permitted to practice law in Illinois. You need an attorney who can draft legal documents on your behalf and offer knowledgeable legal counsel throughout the process. Your real estate agent cannot ethically do either of these things.

2. Obtain Objective Assistance.

In many cases, real estate agents are focused solely on closing the deal. Why? Their commission is at stake if they are unable to do so. This is not the case with an attorney. In Illinois, licensed attorneys cannot be paid by commission, so you can have confidence that any advice they offer is given solely with your best interests in mind, not a paycheck.

3. Interpret the Legalese of Your Contract.

Real estate transactions are chockfull of contracts, most of which involve confusing legal jargon. Understanding what you are signing is crucial in order to protect your rights and your wallet. Rather than turning to Google to define what you don't know, let your attorney do this for you.

4. Protect Your Rights.

There is a lot of money on the line with real estate transactions and even a minor mistake can create permanent consequences. By getting an attorney involved early on, you can avoid legal nightmares and safeguard your rights every step of the way.

Closing a real estate deal is exciting and our team at The Law Office of Al Beaudreau, Ltd. wants to make the process as seamless as possible for you. Ready to get started? Contact our firm now for trusted legal representation in Illinois!