Whether a family is purchasing a home, or an individual is looking to purchase a piece of residential or commercial property as an investment, Chicago is an excellent place to invest in real estate. However, with all the potential problems that can surface when purchasing a home or an investment property, these problems underscore the need for real estate law attorneys in Chicago.
Specific Roles
Many people confuse what a realtor does with what a real estate attorney does. While there are times where the services of a real estate agent and a real estate attorney will overlap, in most instances, these two real estate professionals are equally important because, for a buyer or seller, each of them perform very specific tasks.
What a Realtor Does
A real estate agent can be extremely helpful in a family, couple or an individual finding the right house to purchase. In addition, for a real estate investor, a realtor can help sort through the many different investment properties in order to find the property that is going to be best suited for the investor’s desires and preferences.
The Real Estate Attorney
In some cases, a real estate agent may be able to negotiate the price of a home or another piece of residential or commercial real estate earmarked for investments. However, while real estate law attorneys in Chicago may also be able to handle price negotiations, determining the value of the property as well as investigating any potential issues that could hold up or cancel the purchase or the sale of a piece of property are all important as well.
Detailed Work
This sort of detail work is typically far beyond what the average real estate agent can offer. Making sure that there are no liens on the property, making sure that the deed and title are as clean as possible, as well as a host of other things can ensure that a buyer is getting a property that is fully vetted.
When buying a piece of property, a Realtor is essential, but it is also important to employ the services of a real estate attorney. Whether you’re a home buyer or a residential or commercial real estate investor, you may need the services of Starr, Bejgiert, Zink & Rowells and the real estate attorneys they provide. For more details, visit our Google+ page.
