Most people buying or selling residential or commercial real estate lawyer in Moline, IL, are trying to spend as little as possible on the transaction. While it is always good business to avoid unnecessary costs, hiring a real estate lawyer can actually save you money.
While some real estate transactions are clear and uncomplicated, others can be complex. If you are a buyer or a seller and experience any of the following situations, hiring a real estate lawyer before signing any documents will ensure you are making decisions in your own best interest.
Not Understanding the Contract
Most people do not understand the language used in real estate contracts. Working with a real estate attorney to decipher the legal jargon helps the buyer and the seller to understand all terms in the agreement.
Liens on the Property and Other Issues
Knowing the law in Moline, IL, is critical if you are considering buying or selling a property that has a judgment lien, easement, or title defect. A title defect means that there is a claim by another person on the property. This can be a concern when purchasing a property from an estate.
Zoning Restrictions
Zoning restrictions limit or regulate the use of a property based on the location of the home. This can include limits on the type of new construction, size of the home, or other factors. This is a critical factor if the idea is to buy and rebuild.
Problems with the Transaction
Having a real estate lawyer on your side is critical when there is a problem with an existing purchase or sale. These issues can be very complex, and legal representation is the best way to protect your interests.
David J. Franks, P.C. Law Firm can provide a real estate lawyer for residential and commercial property buyers and sellers in Moline, IL. To see more, visit us at davidjfrankslaw.com.
