THE KNEE LAW FIRM LTD
  • Home
  • ABOUT KLF
    • BILL KNEE
    • THE KNEE LAW FIRM LTD
  • KLF Services
    • LONG-TERM CARE PLANNING
    • ESTATE PLANNING
    • REAL ESTATE
  • EVENTS
    • Maria Simeonova Installation & Gallery Reception
  • Contact us
  • Pay an Invoice
  • Resources


Resources

4 Questions You Should Ask Your Real Estate Lawyer

6/8/2018

6 Comments

 
​Real estate transactions can be hard to understand, especially if you are a first time homeowner. Even if you’ve had previous experience in buying and selling, it is important to have professional help to make sure there are no surprises later. After all, there is a lot of investment at stake - your entire life’s hard-earned savings in many cases. A real estate lawyer can look into transactions that miss your eye, especially when you are buying property. There are bigger risks in buying than selling. Make sure you protect your interests by asking your real estate lawyer these four important questions before you close the deal:

Well Experienced

Selling and buying has different requirements; but buying comes with more risks. Check the background of your real estate lawyer, even if they come recommended by a friend. Find out how many years of experience they have. Many years of experience translates to more security for you. Sometimes issues can get complicated when you least expect. It helps to have an experienced lawyer sort things out smoothly. Ask if they had similar transactions earlier. They may be in a better position to deal with yours then. Sometimes, things may miss your eye but an experienced lawyer is quick to spot problems and resolve them. They may know something that you were not told by your realtor for example. An experienced lawyer can point that out before you sign the deal.

Knowledgeable

Not every lawyer deals with the same situation in the same way. It takes a great deal of knowledge and self-assurance to handle complications. If the lawyer sounds vague, under-confident and unsure, you know you may be heading for a no-win situation. The stakes are high. You cannot take a chance. Ask your lawyer about his expertise in buying condos and homes. Each has its own challenges that he should know about. He should have knowledge about the differences and strengths in buying different kinds of properties from commercial, to co-ops and of course, different kind of residential properties.

Legal Assistance

Not all lawyers work alone. Some are part of a law firm so they work with teams for extra support, assistance and quicker delivery. At other times, your lawyer may have a junior attorney or paralegal to give a hand, but at no point should you find yourself dealing with the junior assistant more than the one you hired, especially regarding important decisions regarding your real estate matters. At all times, whoever you are dealing with, it is important for you to be cordial, even if you disagree. 

Fees

Find out about the fee requirements. There are some lawyers who work on a standard hourly rate. Others may work in the fee of the junior assistants or team. Many others demand a flat fee. Try to negotiate if you can.

The Knee Law Firm, Ltd. Services

If you are looking for specialized services with years of experience in real estate, contact us. At The Knee Law Firm, you are much more than a client. We have extensive experience to help you and encourage you to keep in touch with us, even after you close the deal. Our friendly experts are known to build long term relationships with our clients. Call us for any help in Illinois real estate matters.
6 Comments
Joy Butler link
6/27/2018 12:23:14 am

I really appreciate you helping me learn more about real estate lawyers. It really helped when you said that a well-experienced real estate lawyer can assist us whether we are the buying or selling parties. My brother is interested in buying a new house and he is not aware of different requirements so a real estate lawyer can certainly help him.

Reply
John Carston link
9/2/2022 07:57:22 pm

I like that you said that professional help could assist you better if you are only a new buyer. A few nights ago, my best friend mentioned that he was hoping to find a reliable lawyer that could help him with his estate planning because of multiple assets, and he asked if I had any idea what would be the best option to consider. I'm thankful for this enlightening article, I'll tell him that he should consult a trusted estate lawyer as they can help provide information about the process.

Reply
Eli Richardson link
9/13/2022 09:31:39 am

It really helped when you explained how we'd negotiate a real estate lawyer's fees. My wife and I decided we'd like to buy a house this year, but we want to know if we need legal assistance for the paperwork, so we'll follow your insight to find out more next week. We're grateful you explained the importance of asking about a lawyer's fees and any other hidden ones first.

Reply
Joseph Bell link
10/24/2022 02:24:18 pm

Mother meet hour result show many south actually. Present face go major forward he. Billion employee better.

Reply
Charlotte Fleet link
11/10/2022 06:47:33 pm

It's good to know that the years of experience a real estate lawyer has can determine the security they'll provide you. My mother-in-law would like to hire a real estate lawyer to assist her during the closing of her house. She needs to hire a lawyer by next weekend, so I'll share your suggestion with her as soon as I can.

Reply
lawbrainard link
11/25/2022 01:56:01 am

Thanks for sharing blog with an informative content related to Real Estate Attorney. Kindly share more blogs with us.

Reply



Leave a Reply.

    Archives

    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    March 2022
    June 2018
    May 2018
    March 2018
    February 2018
    January 2018

    Categories

    All
    Debt
    Divorce
    Elder Care
    Estate Planning
    Long Term Care Planning
    Long-Term Care Planning
    Powers Of Attorney
    Real Estate
    Separation
    Trusts
    Wills

    RSS Feed

ESTATE PLANNING

Long-Term Care Planning

REAL ESTATE


​​​THE KNEE LAW FIRM  LTD
103 W. PROSPECT AVENUE, MOUNT PROSPECT, IL 60056
PH 847-807-5633        FAX 847-637-0487​
Copyright © 2022
  • Home
  • ABOUT KLF
    • BILL KNEE
    • THE KNEE LAW FIRM LTD
  • KLF Services
    • LONG-TERM CARE PLANNING
    • ESTATE PLANNING
    • REAL ESTATE
  • EVENTS
    • Maria Simeonova Installation & Gallery Reception
  • Contact us
  • Pay an Invoice
  • Resources