In Illinois, it is customary to have a lawyer represent you if you are buying or selling a house. Many people wonder at what point in time they need legal representation in the real estate closing process. The answer is usually sooner than you think. The attorney review period in most residential real estate contracts… Read More
Category: Real Estate
Will an actual attorney work on my real estate case?
If you hire O’Connor Cadiz Law for your real estate closing, you’ll work closely and directly with me (Carol Cadiz). I enjoy my job immensely and it is my mission for every case that I take, to handle it personally. I see my clients as people and not just as little bags of money as… Read More
Do I Have To Use The Lawyer That My Realtor Recommends?
In Illinois, you are not required to use the real estate attorney that your realtor recommends. But you can. It is a matter of personal preference. When your Realtor recommends a particular lawyer’s name, it should be because of good work that he or she has seen come out of their office in the past…. Read More
Do I Really Need A Real Estate Lawyer For My Illinois Home Closing?
Illinois is what is known as an ‘attorney state’ for residential real estate closings. People who buy or sell their home typically hire lawyers to assist them in the process. This surprises people coming from non- attorney states. Sometimes they ask if they really need to have a lawyer for Illinois closings. This is one… Read More
Do I Have To Go To My Real Estate Closing?
Whether or not you have to go to your real estate closing is going to depend in part, on your lawyer. Each state is different and this answer is meant to address only real estate closings in the State of Illinois. Real Estate Seller attendance at closings in the Chicago area Sellers do not need… Read More
How Do I Determine How Much I Should Sell My House For?
If you are selling your house and are trying to figure out how much money to sell it for, you are asking the wrong question. What you should be asking yourself is how to find the best team of real estate professionals who will help you to maximize profit on the sale of your house… Read More
What’s The Difference Between A Property Survey And An Appraisal?
Sometimes people buying or selling real estate confuse property surveys with appraisals, and vice versa. Different states will use them differently, and this article addresses how property surveys and appraisals are used in Illinois real estate transactions, and the difference between the two. A property appraisal is a formal report, usually done for the benefit… Read More
What to do when radon gas is present in the home you’re buying
You’ve found your dream home and all is well until you learn that the results of your radon inspection are in. The levels are 4.0 or higher, which is considered unsafe. Radon gas is a leading cause of lung cancer and you are understandably frightened. You don’t want to live with radon! No one does,… Read More
Your Realtor Has Disclosed Dual Agency- Do I Agree To It?
In the Real Estate world, dual agency means that your Realtor is working both for you and for the person on the other side of the transaction (both buyer and seller). While it is illegal for an attorney to do this in Illinois, it is legal for a Realtor to represent both sides on a… Read More
What Is An Attorney Review Period In Illinois Real Estate Contracts?
If you are buying or selling a house, you may have heard your realtor talk about an “attorney review period”. It is a provision in some contracts that gives the parties the right to have their lawyer look it over after it is signed, and usually- if necessary, allows the person to get out of… Read More