When buying or selling a home, it is natural to look for ways to save money. Real estate transactions are expensive. There are inspection costs, lender fees, appraisal fees, title charges, moving expenses, commissions, taxes, and closing costs. By the time someone gets to the attorney fee, it can feel like just another line item. So some buyers and sellers choose their closing attorney based almost entirely on price. That is understandable. It can also be a mistake. The cheapest closing lawyer may save you money upfront. But if the legal work is rushed, incomplete, or too high-volume, the problems that get missed can cost far more later. Your Closing…
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Your Realtor’s Lawyer May Be Convenient. But Are They Independent?
When buying or selling a home in the Chicago area, it is very common for a realtor to recommend a real estate attorney. That recommendation may be helpful. Many realtors work with experienced attorneys and know who can keep a transaction organized. A referral can save time, reduce confusion, and give a buyer or seller a place to start. But it should not be an automatic decision. Your real estate attorney should be chosen because they are the right fit for you, not simply because their name was handed to you during the transaction. A Realtor Recommendation Can Be Helpful There is nothing wrong with asking your realtor for an…
