When Should I Hire a Lawyer for Real Estate Law in Peoria IL?
If you are selling or buying a home or commercial property, there are situations where you may need help with real estate law in Peoria IL. Essig Law provides you with a father-son team of lawyers with over 75 years of experience handling local real estate transactions. We advise and represent clients throughout Central Illinois, including Tazewell County IL, Peoria County IL, and Woodford County IL. Our attorneys understand that applicable laws in real estate transactions are complicated and can make those involved feel overwhelmed. Whether you need help with negotiations, drafting or amending contracts, or real estate closings, we can simplify matters and work to achieve a fair deal. Schedule an appointment now for a free confidential consultation with an attorney experienced with all matters of real estate law in Peoria IL.
What Does a Real Estate Attorney Do?
Real estate lawyers handle a variety of duties during the transaction, depending on the party they are representing. Essig Law offers consultations for both real estate buyers and sellers. Here are some of the most significant roles we perform for the following clients:
- Real Estate Buyers
- We conduct a title search to make sure the seller’s title is free and clear of liens and encumbrances.
- Our attorneys review mortgage contracts and provide advice on behalf of buyers.
- We prepare purchase contacts on behalf of buyers.
- Our lawyers also obtain title insurance.
- We can work to resolve disputes or problems with the property deed.
- Our attorneys can also amend contracts that real estate agents use to create more favorable deal terms for buyers.
- Real Estate Sellers
- Our lawyers work to resolve any contractual disputes.
- We can draft and review the real estate contract.
- Our attorneys can also provide drafts or reviews for matters involving the deed.
- We offer advice to sellers about the contract and sale.
- Our lawyers also negotiate the best possible contract terms for the seller.
- We can resolve title issues on behalf of sellers.
When Does a Buyer Need a Real Estate Lawyer?
A buyer can face several complex circumstances where they could benefit by seeking legal counsel for real estate law in Peoria IL. Here are some of the most common situations when it is recommended for buyers to hire a real estate lawyer:
- Out-of-Town Buyers – Local attorneys benefit out-of-town buyers by providing guidance and research about the property. They can identify whether the property is in an area prone to floods, tornadoes, or other adverse weather or environmental conditions.
- Short Sale or Bank-Owned Properties – These types of real estate transactions involve specialized processes and requirements that can overburden buyers. An attorney from Essig Law can negotiate with the bank to ensure you are getting a fair deal.
- Estate Sale Properties
- Buying Commercial Properties
- Purchasing Properties with Structural Problems
- Buying Properties in Problematic Areas Such as Flood Zones or Adverse Conditions Including Radon, Tornadoes, or High Toxicity Levels
When Does a Seller Need a Real Estate Attorney?
Much like with buyers, there are also situations where sellers can benefit from professional legal counsel on real estate law in Peoria IL. These are some of the best examples of when it is recommended for sellers to hire a real estate attorney:
- Selling a Property in a State of Disrepair or Distress
- An Heir of a Deceased Owner Is Selling a Property
- Selling a Property with Judgments of Liens Against It
- An Uncooperative Partner Is Affecting the Attempt to Sell the Property
Schedule a Free Consultation
Real estate transactions include significant amounts of money and several laws and legal processes that get complicated quickly. So, there are many situations where you can ensure you can get the best deal by consulting with an experienced real estate lawyer. Essig Law offers attorneys with a combined 75 years of experience with real estate law in Peoria IL, Washington IL, Eureka IL, Morton IL, and Pekin IL. Contact us online now or call 309-444-8041 to request a free consultation.
