Partner with a Real Estate Attorney for Investing in Chicago.

For anyone investing in real estate in Chicago, it’s important to have a good understanding of Illinois real estate laws, regulations, and requirements. To make sure that your transactions comply with local laws and to navigate the complex legal landscape of real estate investing, it’s highly advisable to seek the help of an experienced Illinois Real Estate Attorney.

Real estate attorneys have specialized knowledge that can provide investors with many advantages when acquiring or selling property. For example, they will review all pertinent documents associated with a transaction such as purchase agreements, mortgage documents, title insurance policies, loan documents, and more to make sure everything is in order. They will also advise you on any potential liability issues related to the property such as zoning restrictions or environmental hazards that could affect your investment.

A real estate attorney can offer guidance not only on legal matters but also on financing, leases, tax laws, and other crucial aspects of investing. They can also assist in protecting your interests during negotiations and ensure all parties involved comply with the terms of any agreement.

To comply with local laws and regulations and maximize profits, Chicago real estate investors should consider hiring an experienced Illinois Real Estate Attorney. Their specialized knowledge can help you make informed decisions and minimize risks throughout your investment journey.

By enlisting the assistance of an Illinois Real Estate Attorney, Chicago Real Estate investors can gain the confidence and peace of mind that comes with knowing that all aspects of their transaction are being taken care of properly.

Importance of using an Illinois Real Estate Lawyer

Whether you’re buying or selling a property, an Illinois real estate attorney can help to protect your interests and safeguard you from potential financial loss. The legal complexities involved in real estate transactions can be confusing for laypeople, from those purchasing residential property to businesses purchasing commercial locations. Real estate lawyers can provide advice and assistance throughout the process, ensuring everything is conducted legally and smoothly.

In Illinois, real estate attorneys are licensed to practice law by the Illinois Supreme Court. They must adhere to the highest standards of ethical conduct and professional responsibility. Real estate lawyers have experience with a wide range of legal issues related to real estate, including purchase contracts, mortgages, title searches, zoning regulations, and more. Suppose you’re thinking about buying or selling property in Illinois. In that case, it’s in your best interest to consult with an Illinois real estate lawyer to ensure that everything is done correctly and efficiently.

An Illinois real estate lawyer can provide a number of services, including:

– Reviewing and negotiating purchase contracts

– Conducting title searches

– Examining real estate documents for accuracy

– Advising on mortgage terms and financing options

– Assisting with closings and ensuring that all legal requirements are met

– Handling disputes between buyers and sellers

Choosing the right Illinois real estate lawyer is an important decision. You’ll want to find someone who is experienced, knowledgeable, and who you feel comfortable working with. Be sure to ask for referrals from friends, family, or other professionals in the real estate industry once you’ve narrowed down your choices, schedule consultations with each lawyer to get a better sense of their qualifications and personality. With the help of an Illinois real estate lawyer, you can confidently move forward with your real estate transaction, knowing that your interests are being protected.

Tips On Avoiding Home Safety Risks

Home Safety icon on a white background

Now that you’ve weathered the winter, the door is open for you to focus on the maintenance of your home not only the inside of your home but outside, too, making sure the house is safe and properly maintained. Doing this will help to prevent safety risks and costly repairs in the future. Therefore, here are some simple suggestions:

Inspect the deck: Wooden decks can become damaged and corroded from the harshness of winter. See if nails or screws are popping up. Clean the deck and seal it. 

Check electrical outlets and extension cords: Replace any loose-fitting plugs or frayed extension cords to prevent a fire hazard.

“Degrease” the garage: If the family car has been leaking oil or other fluids onto the garage floor all winter, now is a great time to clean it up. A greasy garage floor is slippery and potentially a fire hazard. Use nontoxic, nonflammable, biodegradable degreasers such as Simple Green. Pour the concentrate on liberally and scrub with a nylon brush. Cover the area with about an inch of kitty litter and let it sit for 24 hours. Sweep away the kitty litter for a clean floor at low cost.

Improve the yard with size in mind: Look to see how plants and trees have grown during the past year. They may be too large and could cause damage to the home’s structure. Leave enough space between the house and those baby shrubs you’re planting to allow 12″ between the plant and wall. This provides adequate ventilation and reduces the risk of future damage.

Clean the A/C: Use your garden hose to rinse off the evaporator coil fins on your A/C condenser unit. 

Check the garage door: The garage door can weigh up to 400 pounds. Springs and balancing mechanisms can fail over time, which can cause great damage to the door and harm to people around it. Now’s a good time to take a close look at the springs.

To avoid safety risks and expensive repairs down the road, it’s always a good idea to get a complete home inspection from a reputable and established company such as Pillar To Post. 

Inspect smoke, radon, and carbon monoxide detectors: Test them and change the battery every three months or as needed. Be certain there is a detector on each floor of the home.

Winner of Yelp’s 2018 “People Love Us On Yelp” Award

We are excited to announce that The Law Offices of Jonathan M. Aven, LTD is a winner of Yelp’s 2018 “People Love Us On Yelp” award. Currently, our Yelp page has 78 5-Star reviews, photos of our services, our location and contact information are easily accessible so you can always get in touch with us, and we reply to all messages promptly. Yelp awards business two times a year with the “People Love Us on Yelp” accolade. This award is based on high-quality reviews, photos, and easily accessible information to the consumer.

Yelp is an online tool, founded in 2004, to help people find great local businesses like, lawyers, real estate professionals, and so much more! In addition to reviews, you can also use Yelp to find events, lists, and to talk to other Yelp users. Yelpers had written 100’s of millions of reviews. However, Yelp isn’t just for customers – business owners can use Yelp, too! Every business can set up a free account and post photos, reply to reviews, and message users. You can access Yelp either online or on your mobile phone. A Yelp app is available for both iPhone and Android. To check out our Yelp page, Click Here.

Once again we are so excited to be receiving this award. Thank you so much to our customers and partners who have made this reward possible. (Oh, and please remember to “Like” us on Facebook too!

Installment Sales Contracts

New Real Estate Act of 2018 involves Installment Sales Contracts related to Real Estate… It provides that a real estate installment contract for residential real estate is subject to the foreclosure provisions of the Code if the purchase price is to be paid in installments over a period in … Adds a corresponding change in the Consumer Fraud and Deceptive Business Practices Act. Effective January 1, 2018.

To learn more about this new act visit: http://bit.ly/2qfAZHw

Illinois ranks #4 in foreclosure rate

From an article written in Bankrate.com, foreclosure filings increased 5.3 percent nationally from April to May according to ATTOM Data Solutions, a firm that tracks foreclosures.

Illinois ranked #4 with foreclosure filings last month was 1 in every 1,057 housing units.

You can read more of the article and compare your state by clicking on the link below:

http://www.bankrate.com/finance/real-estate/foreclosures-by-state/default.aspx