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How to Avoid a Turbulent Sale with a Real Estate Attorney
Manage episode 151921303 series 1043192
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Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Value Report
Selling a home? Click here for a FREE Home Value Report
I’m honored to have my attorney partner, Kevin Mitrick, with me today to discuss the importance of having an attorney on your side when buying or selling a home in Chicago.
In general, attorneys charge anywhere from $595-695 for real estate transactions. This is a flat fee, and the attorney will be doing various things from contract to closing.
Primarily, an attorney will review the contracts and maximize the benefits while minimizing the risks to the seller. The attorney will also attend the closing and review the documents a final time before you sign. If your original attorney cannot attend, another will be called in place. In the state of Illinois, it’s very uncommon for a title company to assist in interpreting and signing documents because it borders very closely on providing legal representation, which is illegal for them to do.
If you need to contact Kevin directly, you can reach him at kmitrick@ssvlegal.com or you can reach out to me and I’ll track him down for you. Here is one example of a real estate attorney contract.
If you have any questions about Chicago real estate, then I’m the one to ask. I look forward to hearing from you!
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