South Elgin, IL Residential Real Estate Lawyers for Buying a Home

Attorneys Assisting Home Buyers With Title Evaluations, Purchase Contracts, and More in Kane County

It is great to be excited about buying a house. Taking the right steps to make sure you make the best choice is even better. When you are searching for a place to call home, be sure to include an experienced residential real estate lawyer in the process. Having the right team in place will give you the best chance of securing an affordable, beautiful home. Be sure to choose your lawyer, realtor, lender, and title company wisely.

For many years, Ariano Hardy Ritt Richmond Lytle & Goettel P.C. has helped clients buy homes with confidence. Our clients know that we are diligent in helping them achieve the best outcomes to their real estate purchases. They trust us to make sure everything is in order. Our skilled real estate attorneys are dedicated to responding to your needs and providing quality service.

The Role of an Attorney in a Residential Real Estate Transaction

Ideally, you get legal help from a lawyer at the beginning of your search for a new home. If your circumstances do not allow for this, and you must make an offer quickly, be sure to include a contingency clause that allows time to have the document reviewed by an attorney prior to formal approval. Throughout the home buying process, your attorney may provide the following services:

• Drafting, reviewing, and negotiating the purchase contract
• Monitoring the home inspection schedule and negotiating repair concerns
• Examining the title commitment to ensure that there are no defects
• Managing contingencies
• Reviewing mortgage financing options
• Interpreting property tax proration and other home closing activities
• Ensuring contract compliance with the loan agreement

Remember, you will define the role your attorney will play during your home purchase. When you have an initial consultation at Ariano Hardy Ritt Richmond Lytle & Goettel P.C., we will explain the services we can provide so that you can decide on a level of input that is suited to your needs. With a full understanding of the legal concerns that you may need to address, you can make the right decisions during your transaction and take steps to protect your rights and avoid potential financial losses.

Understanding Home Property Disclosures in Illinois

The Illinois Real Property Disclosure Act outlines the disclosures that must be presented by the seller during the course of a real estate purchase. Sellers are responsible for completing a statement of written disclosure prior to both parties formally signing a property transfer agreement. Because of this statute, potential buyers can be made aware of any defects associated with the property. We make sure that our clients review all disclosures from the seller or any other entity involved in the transaction in a timely manner.

Title Evaluation, Analysis, and Insurance in Kane County

The property title contains a description of the property and any potential issues from the past. Your attorney will inspect title forms and ensure that the commitment and surveys are accurate. The commitment should show the current owner, and it should not contain any liens. In addition, there may be information related to easements and other matters of record. Buyers must have title insurance to satisfy lending requirements, and this insurance will operate retroactively from the purchase date. Title insurance protects you in the unlikely event that your ownership rights are challenged.

Contact Our Kane County Residential Real Estate Purchase Lawyers

For many years, the real estate lawyers at Ariano Hardy Ritt Richmond Lytle & Goettel P.C. have successfully assisted buyers, sellers, and developers in residential real estate transactions. We can provide the guidance needed throughout your transaction, helping you meet your legal requirements and protecting your interests. Whether you are beginning the search for a new home or are ready to make an offer, we can help you complete your transaction successfully. Contact our South Elgin residential real estate purchase attorneys at 847-695-2400 to set up a meeting. Your consultation will be free of charge.