Legal Question in Real Estate Law in Illinois

Re: When To Contact An Attorney

The way Real Estate is done in California is significantly different than most other states. Missouri, like Texas, heavily involves attorneys in real estate transactions. California has progressed to the point of making an attorney unnecessary. I think every State should follow the California model, with standardized deposit receipts.

However, most States still use real estate contracts for the purchase. While an attorney isn't a requirement if you trust your real estate agent, if you think you want one, then you should start shopping now. Attorneys, like real estate agents, must be someone you are comfortable with.

The only way to decide is to interview attorneys, and this takes time. If you put it off, you will be forced in to taking anyone you can get, rather than finding someone you like working with.

Re: When To Contact An Attorney

With all due respect to some of the other replies, the sooner the better. This is obviously a significant financial transaction. Your attorney will be the one person who is looking out solely for your interest.

Re: When To Contact An Attorney

After you find the property you want. An attorney can review the documents that your real estate agent/escrow instructions/deposit receipt that is prepared for you.

Re: When To Contact An Attorney

In Illinois, an attorney should be hired at once after you aign the contract or before you sign the contract. Most contracts allow an attorney review/modification period anywhere from 3-7 days after signing. During this crucial period of time the buyer should order an inspection. Upon review of the report, the attorney had until the end of the modification period to negotiate changes or cancel the contract.