There are a lot of essential pieces to a successful real estate transaction. There are a lot of people involved for both the buyer and the seller in order to ensure that every piece of the puzzle falls into place. While the amount of people involved may seem overwhelming, each person has their own tasks and skills in the transaction to keep the path clear of any bumps or holdbacks.
An attorney is no exception. While an attorney may seem like just another person involved in the sale, many find that having that role on their side is beneficial for a variety of reasons.
The contract process is tedious. There are so many aspects of a contract to read and review to avoid signing into a deal you weren’t aware of. When you hire an attorney to take this task off of your plate, that is one less thing that you have to train to do, and instead, you can hand it off to someone with an experienced eye in the business. An attorney can read through the entire contract, and know what exactly to look for, so that you can focus on other details and have full trust that an expert is handling this part of the process. This experienced eye can also save time in the long run, as mistakes will be caught the first time, which could help to avoid any need to start over with the contract process.
Just as hiring an experienced attorney can save you time in the process, it can also save you a lot of money. Some people actually choose to move forward without an attorney in hopes of saving money, but ironically, in most cases, this will end up costing them more down the road. An experienced attorney sees hundreds, if not thousands, of contracts over the years. They have a trained eye to know whether you are asking for and receiving a fair deal or not. Without this insite, many end up getting the short end of the stick in a real estate transaction. Hiring an experienced attorney to review all documents can usually save a person a considerable amount of money in the long run.
Prevent Failed Deals
Time is money, and failed deals can cost you in a lot of both. There are few things worse in a real estate transaction than getting everything in order only to have it all fall through right before completion. Without an attorney present, this tends to happen a lot. As people with an untrained eye fail to cross all of the t’s and dot all of the i’s, many times something in the deal will take an unexpected turn. By hiring an attorney, you are ensuring that you will either get a fair deal, or you will be able to get out of the deal earlier in the process before too much time or money is invested.
If you are looking for an experienced real estate attorney in Chicago to fight for you and help ensure that your real estate transaction runs smoothly, contact Gurney Law Group today. Our Chicago real estate attorneys have extensive experience in the process, and they will fight to save you time and money every step of the way.