Lake County Attorneys for Buying a Home

Lawyers for Home Purchase Contracts and Closings in Libertyville, Gurnee and Waukegan

The process of buying a new home might seem confusing and overwhelming, especially if you are a first-time buyer. Your family home is likely to be the largest financial investment you ever make, which means that the home-buying process should not be taken lightly. At Newland & Newland, LLP, our experienced residential real estate lawyers recognize that finding the right home and making it your own takes a great deal of work, patience, and persistence. We also know that we can help you through the process by providing trusted guidance and reliable representation every step of the way. Our team is committed to protecting your rights and serving your best interests.

Trusted Counsel in Waukegan for Home-Buying Preparation

In most cases, you will begin the home-buying process by meeting with a real estate agent or broker who will help you decide what type of home you are looking to buy. Together with your agent, you will determine what you need in your new home, as well as what you would like to have. You will also need to establish a suitable price range. Your price range will depend on your current financial situation and pre-approvals from mortgage lenders. A qualified attorney from our firm can help you work with lenders to get the financing you need for the home you want.

Once you know how much you can spend, you can start looking more seriously at available properties. When you find the house that best suits your needs and desires, we will go right to work for you.

Making a Written Offer and Negotiating the Deal

The formal buying process will start when you make a written offer on the home that you have chosen. With more than 60 years of combined experience, our attorneys will help you draft an offer that is not only financially viable but that protects your legal rights as well. In response, the seller could accept the offer, reject the offer entirely, or make a counter-offer. Many buyers and sellers go back and forth with offers over the proposed sale price, but there are many other factors to consider, including contingencies and other protections.

Once the seller agrees to your offer, the signed offer effectively becomes a purchase contract. We will review the terms of the contract to ensure that they are reasonable and fair to you as the buyer. If we find any problems, we will address them with the seller's attorney before the sale can continue. Throughout the process, we will communicate openly and honestly with you so that you know exactly what is happening at all times.

Gurnee Closing Attorneys

While approval of the purchase contract is a big step, there will still be much work to be done before you can move into your new home. We can help you arrange for an inspection of the home, and we will work with you in addressing any material defects or necessary repairs. Our team will also ensure that your mortgage documents are in order and finalized. When everything is ready to go, we will represent you at closing to ensure that you fully understand all of your rights and responsibilities. Often, the final few steps are the most challenging and complicated in the entire process of buying a home.

Call 847-549-0000 Today

If you have additional questions about the process or legal aspects of buying a home, contact our office. Call 847-549-0000 to schedule a free phone consultation today. We help clients buy homes throughout the Chicago area including Libertyville, Gurnee, Grayslake, Lake Bluff, Arlington Heights, Waukegan, Vernon Hills, and Lake County.