Real Estate Attorneys in Chicago, Illinois
Navigating through real estate transactions can feel like walking through a maze. We know how overwhelming it can be, with the countless documents to review, legal jargon to decipher, and the high stakes involved. It's not just about buying or selling property; it's about making one of the most significant financial decisions of your life.
We at Ciardelli, Cummings & Campagna LLC are here to guide you through this intricate process. Our team of dedicated attorneys, based in Chicago and serving clients throughout the greater Chicagoland area, brings a wealth of experience in handling a wide range of real estate matters. We're committed to standing by your side, providing exceptional legal representation every step of the way.
Selling a Home in Illinois
Selling a home involves more than just putting a "For Sale" sign in your yard; it comes with certain legal obligations. In Illinois, you're required to disclose any known material defects on the property to prospective buyers. This is not just a matter of transparency; it's a legal requirement designed to protect consumers.
You might ask, what exactly do I need to disclose? This includes anything affecting the property's value, healthfulness, and safety. Examples include past flooding, unsafe conditions, municipal code violations, environmental issues, boundary line disputes, and defects in certain structures, components, and systems. These disclosures are not meant to serve as a warranty, but to level the playing field during contract negotiations.
The Illinois Residential Real Property Disclosure Act defines who needs to make these disclosures and under what circumstances. It's important to note that you can't sidestep this obligation by agreeing with the buyer to ignore or waive the disclosure requirement.
Seller's Warranties and Obligations
Beyond disclosure, sellers may also have warranties and obligations under the purchase contract. These could relate to fixtures, appliances, components, and systems sold with the property. The specific terms of the contract determine the seller's liability, and understanding these terms is crucial.
We're here to help you navigate through your contract, ensuring you comprehend the seller's warranties and obligations. We'll review the document, explain each clause, and ensure your rights are protected.
Buying a Home in Illinois
Making the decision to buy a home is a significant life event. It's not just about finding the perfect place to live; it's about making a sound financial investment. We know how crucial this decision is and we're here to guide you through every step of the process.
At Ciardelli, Cummings & Campagna LLC, we've handled thousands of real estate transactions over the years. Our attorneys, Marc Campagna and Alfred Quijano, have extensive experience dealing with both residential and commercial transactions, including multi-unit buildings and 1031 exchanges. As title agents for Citywide Title, First American Title, and ATG we have the capability to close your transaction at a title office conveniently located near you.
While most real estate transactions proceed smoothly, there are instances when things don't go as planned. In cases of a contract breach or other complications, you need an experienced real estate attorney who can navigate the situation effectively. We've successfully handled breach of contract claims, real estate broker claims, specific performance claims, and fraud claims under the Illinois Residential Real Property Disclosure Act.
Liability of Listing Brokers
Listing brokers have a duty to provide accurate information about the property. Any misleading statements or failure to disclose known defects can result in liability under the Real Estate License Act of 2000 and the Illinois Consumer Fraud and Deceptive Business Practices Act.
At Ciardelli, Cummings & Campagna LLC, we can help you determine if the listing broker has fulfilled their obligations. If they haven't, we can guide you through the legal process, helping you seek damages for any losses incurred due to misrepresentations.
Home Inspector's Liability
Home inspectors are integral in identifying defects and potential issues with the property. They are expected to provide a comprehensive inspection report that accurately describes the condition of the property's systems and components. But what happens when they miss something?
If a home inspector fails to identify a defect, they may be held liable for negligence. However, certain limitations may exist in the inspection contract. We can review your contract, help you understand your rights, and explore options should a situation arise.
Remedies for Home Buyers
Discovering a defect in your newly purchased home can be disheartening. However, you have legal remedies available to seek compensation for your losses. Depending on the responsible party, you may be entitled to actual damages, court costs, attorney's fees, and even punitive damages in some cases.
We understand the urgency and frustration of such a situation. Our attorneys can guide you through the process, negotiate on your behalf, and pursue the appropriate legal remedies to help you get the justice you deserve.
Real Estate Attorneys Serving Chicago, Illinois
Real estate transactions are complex, but they don't have to be overwhelming. At Ciardelli, Cummings & Campagna LLC, we're dedicated to making the process as smooth and straightforward as possible. From understanding disclosure obligations to pursuing legal remedies, we're here to help. Reach out to us today for a free consultation and let us protect your interests in your real estate transactions. We're not just your attorneys; we're your partners in this journey.