DuPage Divorce Attorney

Chicago Residential Real Estate Attorney | Commercial Real Estate Lawyer, Cook County IL

Chicago Residential Real Estate Attorney | Commercial Real Estate Lawyer, Cook County IL

​Our experienced Chicago residential, comercial and business real estate attorneys know how important your real estate matter is. Whether you're buying or selling a home,business location; or have or need a mechanics lien matter taken care of we can help. At O'Flaherty Law, we have the experience to give you and your matter the attention it deserves. We communicate with you, your realtor, and your lender at every stage of the transaction and ensure your real estate matter goes as smoothly as possible and take care of all of your residential, commercial or business needs.

​Our experienced Chicago residential, comercial and business real estate attorneys know how important your real estate matter is. Whether you're buying or selling a home,business location; or have or need a mechanics lien matter taken care of we can help. At O'Flaherty Law, we have the experience to give you and your matter the attention it deserves. We communicate with you, your realtor, and your lender at every stage of the transaction and ensure your real estate matter goes as smoothly as possible and take care of all of your residential, commercial or business needs.

No items found.

Your Community Law Firm

Why O'Flaherty Law for My

Real Estate

Matter?

In this video, our Chicago Real Estate attorney describes why O'Flaherty Law is the best choice for your real estate matter.

  • We Get The Job Done on Time! Our experienced Chicago real estate attorneys care about our customers, we take the time to properly communicate with your realtor, lender and the other party’s attorney. Each and every client is a priority to us we will work to ensure the process goes smoothly, and on time while protecting your best interest.
  • We go above and beyond for our clients!   Our Chicago real estate lawyers have worked hard to build a reputation for excellent customer service to our clients in the community. We have received recognition from many organizations. We were awarded the Avvo Client's Choice Award for in 2016. We have obtained an  A+ Rating with the Better Business Bureau and have never received a BBB complaint. Additionally In 2015, Kevin O'Flaherty was honored to receive Suburban Life Magazine's Best Under 40 Award. We will always put you first.
  • Establish a Lifelong Relationship!  What better way to establish a trusted relationship with an attorney than a real estate transaction?  At O'Flaherty Law, we work together to provide you with the best service possible.  We have expertise in multiple areas of law, this allows to have a more comprehensive approach. We will work to be a trusted advocate.

Some of Our Accomplishments

Schedule a Free Consultation With Our

Chicago Residential & Commercial Real Estate Attorneys

Please contact our friendly

Chicago Residential & Commercial Real Estate Attorneys

at our nearest location to schedule a free consultation:

See below for our other locations. If our office locations are not convenient for you, we are happy to speak with you by phone.  ​​​

Hours: 9 am - 5 pm Mon - Fri

Our  Office Locations: 

Downers Grove Attorneys, Downers Grove Attorney, Downers Grove Lawyer, Downers Grove Lawyers

Downers Grove

5002 Main St, Ste. 201 Downers Grove, IL 60515

Naperville Attorney, Naperville Attorneys, Naperville Lawyers, Naperville Lawyer

Naperville

105 Jackson Avenue, Ste. 4b Naperville, IL 60540

Elmhurst Lawyer, Elmhurst Lawyers, Elmhurst Attorneys, Elmhurst Attorney

Elmhurst

​110 E. Schiller Street, Ste. 220B ​Elmhurst, IL 60126

Lake in the Hills Attorneys, Lake in the Hills Attorney, Lake in the Hills Lawyer, Lake in the Hills Lawyers

Lake in the Hills

8411 Pyott Road, Ste. 107, ​Lake in the Hills, IL 60156

Tinley Park Attorney, Tinley Park Attorneys, Tinley Park Lawyer, Tinley Park Lawyers

Tinley Park

​16557 Oak Park Avenue, Ste. B, Tinley Park, IL 60477

St. Charles Attorneys, St. Charles Lawyers, St. Charles Attorney, St. Lawyer

St. Charles

210 S Fifth St, Ste. 107B, St. Charles, IL 60174

Meet Our Owner

Kevin O'Flaherty oversees all legal matters and is actively involved in making sure every client's case, big or small, is handled with excellence and attention to detail. He is available to contact through phone and email and his rates are available upon request.

Here's What Our Clients Have to Say:

John Paul Clancy
Says...

"Kevin and his firm, O'Flaherty Law, are friendly, efficient, knowledgeable and professional. Kevin is a master at bringing people together and sharing ideas."

Kevin Sender
Says...

"Kevin O'Flaherty and his team at O'Flaherty Law are among the friendliest and easiest to work with attorneys I've dealt with. I would suggest them to any friends or business associates."

Kevin O'Flaherty was instrumental during the purchase process of my new house. I highly recommend him and the entire firm!

An excellent client experience, I recommend O'Flaherty Law to all of my clients that have a need for consultation in family law.

DuPage Family Law AttorneyDowners Grove Estate Planning Attorney
John Paul Clancy
Says...
"Kevin and his firm, O'Flaherty Law, are friendly, efficient, knowledgeable and professional. Kevin is a master at bringing people together and sharing ideas."
DuPage Family Law AttorneyDowners Grove Estate Planning Attorney
Kevin Sender
Says...
"Kevin O'Flaherty and his team at O'Flaherty Law are among the friendliest and easiest to work with attorneys I've dealt with. I would suggest them to any friends or business associates."
DuPage Family Law AttorneyDowners Grove Estate Planning Attorney
Mike Stehlik
Says...
"Kevin and his team are my "Go To" resource for clients that need estate planning"
Kevin Koc
Says...
Kevin O'Flaherty was instrumental during the purchase process of my new house. I highly recommend him and the entire firm!
Stephen Petersen
Says...
An excellent client experience, I recommend O'Flaherty Law to all of my clients that have a need for consultation in family law.
Troy Golden
Says...
Kevin is an excellent attorney. He helped me incorporate by business and provides legal counsel as need. I highly recommend him.

Click here for Videos, Podcasts, and Articles by our Chicago Real Estate Attorneys

Or Continue Scrolling Below to Browse some of our Most Helpful Articles

Illinois Trust Administration: Selling Real Estate

In this episode of Learn About Law, we explain the responsibilities of a trustee when selling real estate after a loved one passes away. Have any questions that weren't answered here? Let us know in the comment section! Subscribe: https://www.youtube.com/channel/UCY4Q...

If you are a trustee responsible for the administration of a trust after the passing of a loved one, you have a fiduciary duty to act in the best interest of the beneficiaries of the trust, within the limitations and instructions laid out by the trust document.  

If a trust is in place and estate planning has been done properly prior to the death of the grantor of the trust, it should not be necessary to open a probate estate.  However, if the beneficiaries disagree with the actions of the trustee, the beneficiaries may open a probate case and seek to make the trustee personally liable for mismanaged assets of the estate.  

Trustee responsibility is fairly cut and dry when dealing with liquid assets like a checking account.  However, the trustee's responsibility becomes more complicated when dealing with non-liquid assets like real estate.  

When real estate is present in an estate, the trustee must first decide whether to transfer the real estate to one of the beneficiaries.  This will usually result in a reduction of the share that the beneficiary is due from the remainder of the estate's assets or a payment from the beneficiary to the estate for the value of the home.  An alternative to an insider transfer is to sell the real estate on the open market and distribute the proceeds among the beneficiaries.  

Regardless of what is to become of the real estate, I recommend that the trustee seek written approval from all of the beneficiaries of the trust prior to the transaction.   In the absence of this written approval, one or more of the beneficiaries may later claim that the real estate was sold to a third party or transferred to one of the beneficiaries for less than market value.   The beneficiary could then open a probate case and seek to hold the trustee personally liable for breach of fiduciary duty.  

For example, if the market value of a home is $400,000.00 and the Trustee sells it for $300,000.00, whether to a third party or to an insider, the trustee may be personally liable for the $100,000.00 difference between market value and sale price.  However, if the trustee has received written agreement from the beneficiaries prior to the sale, the trustee will be able to rest easy knowing that she is protected from any future liability. 

Read More

If you are a trustee responsible for the administration of a trust after the passing of a loved one, you have a fiduciary duty to act in the best interest of the beneficiaries of the trust, within the limitations and instructions laid out by the trust document.  

If a trust is in place and estate planning has been done properly prior to the death of the grantor of the trust, it should not be necessary to open a probate estate.  However, if the beneficiaries disagree with the actions of the trustee, the beneficiaries may open a probate case and seek to make the trustee personally liable for mismanaged assets of the estate.  

Trustee responsibility is fairly cut and dry when dealing with liquid assets like a checking account.  However, the trustee's responsibility becomes more complicated when dealing with non-liquid assets like real estate.  

When real estate is present in an estate, the trustee must first decide whether to transfer the real estate to one of the beneficiaries.  This will usually result in a reduction of the share that the beneficiary is due from the remainder of the estate's assets or a payment from the beneficiary to the estate for the value of the home.  An alternative to an insider transfer is to sell the real estate on the open market and distribute the proceeds among the beneficiaries.  

Regardless of what is to become of the real estate, I recommend that the trustee seek written approval from all of the beneficiaries of the trust prior to the transaction.   In the absence of this written approval, one or more of the beneficiaries may later claim that the real estate was sold to a third party or transferred to one of the beneficiaries for less than market value.   The beneficiary could then open a probate case and seek to hold the trustee personally liable for breach of fiduciary duty.  

For example, if the market value of a home is $400,000.00 and the Trustee sells it for $300,000.00, whether to a third party or to an insider, the trustee may be personally liable for the $100,000.00 difference between market value and sale price.  However, if the trustee has received written agreement from the beneficiaries prior to the sale, the trustee will be able to rest easy knowing that she is protected from any future liability. 

Read More

Top 5 Things To Look For In Your Residential Real Estate Contract

Chicago Real Estate Attorney, Chicago Real Estate Lawyer, Chicagor Residential Real Estate Lawyer, Chicago Commercial Real Estate Lawyer

Chicago Real Estate Attorney, Chicago Real Estate Lawyer, Chicagor Residential Real Estate Lawyer, Chicago Commercial Real Estate Lawyer

Our Chicago residential real estate attorneys discuss the most important clauses of a typical residential real estate contract. This may include fixtures included in the sale, tax proration’s, the mortgage contingency clause and lastly the clause lying out the purchase price and earnest money. Our lawyers will take the time to explain your contract in detail to ensure that you understand your contract.  We will ensure that your rights are protected.

Read the full article by our Chicago real estate attorneys regarding the most important clauses in your residential real estate contract. 

Illinois Condominium Laws Explained

What Law Governs Condominium Associations in Illinois?

‍ In addition to the Condominium Property Act, the relationship between condominium owners and the condominium association is governed by three documents that are particular to each condominium association: the condominium declaration, the condominium association’s bylaws, and the rules and regulations of the condominium association.

Common Types of Disputes between Condominium Associations and Unit Owners in Illinois. We discuss some of the most common issues between Illinois condominium associations and unit owners:

  • ‍Condo Owner Default on Assessments and Eviction
  • ‍Claims Against the Condominium Board for Breach of Governing Documents or Breach of Fiduciary Duty
  • ‍Use and Occupancy Restrictions on Illinois Condos
  • ‍Discrimination

Read the entire article by our Chicago real estate attorneys.

What Law Governs Condominium Associations in Illinois?

‍ In addition to the Condominium Property Act, the relationship between condominium owners and the condominium association is governed by three documents that are particular to each condominium association: the condominium declaration, the condominium association’s bylaws, and the rules and regulations of the condominium association.

Common Types of Disputes between Condominium Associations and Unit Owners in Illinois. We discuss some of the most common issues between Illinois condominium associations and unit owners:

  • ‍Condo Owner Default on Assessments and Eviction
  • ‍Claims Against the Condominium Board for Breach of Governing Documents or Breach of Fiduciary Duty
  • ‍Use and Occupancy Restrictions on Illinois Condos
  • ‍Discrimination

Read the entire article by our Chicago real estate attorneys.

How to Appeal Your Property Tax Assessment

Chicago Real Estate Attorney, Chicago Real Estate Lawyer, Chicagor Residential Real Estate Lawyer, Chicago Commercial Real Estate Lawyer

Property values in the past few years have plummeted, yet homeowners find themselves paying higher property taxes than ever before. Your property taxes are linked to the fair market value of your home; however, when the fair market value of your home is uncertain, the tax assessment may be inaccurate. 

Due to the slow-paced real estate market, fewer homes are being purchased, making it difficult to get a fair estimate of what someone might pay for a home in your area, let alone a home similar to yours. Assessors do not have the raw data to work with as they did in the past, so they must refer to outdated information and do the best they can. Therefore, because many homeowners feel they have more accurate information than the assessor, they decide to appeal the assessment of their property.

Read more by our Chicago real estate attorneys

Further Reading from our

Chicago Residential & Commercial Real Estate Attorneys