DuPage Divorce Attorney

Elmhurst Real Estate Attorneys | Real Estate Lawyer, Elmhurst IL

Elmhurst Real Estate Attorneys | Real Estate Lawyer, Elmhurst IL

Our experienced and friendly Elmhurst real estate attorneys are dedicated to providing above-and-beyond client service to get your deal done quickly and smoothly. We will take the time to focus on your case and your individual needs; communicating and coordinating with your realtor, your lender, and the party on the other side of the transaction to do whatever it takes to prevent any obstacles between contract and closing. We also realize that when selling or purchasing a home, you have a lot on your plate. Our job is to make your real estate transaction as easy and smooth as possible while protecting your interests. Our mission is to get your real estate deal closed painlessly and on time, so that you can focus on your family and getting started on the next phase of your life.

Our experienced and friendly Elmhurst real estate attorneys are dedicated to providing above-and-beyond client service to get your deal done quickly and smoothly. We will take the time to focus on your case and your individual needs; communicating and coordinating with your realtor, your lender, and the party on the other side of the transaction to do whatever it takes to prevent any obstacles between contract and closing. We also realize that when selling or purchasing a home, you have a lot on your plate. Our job is to make your real estate transaction as easy and smooth as possible while protecting your interests. Our mission is to get your real estate deal closed painlessly and on time, so that you can focus on your family and getting started on the next phase of your life.

Your Community Law Firm

Why O'Flaherty Law for My

Real Estate

Matter?

In this video, Elmhurst Real Estate attorney Kevin O'Flaherty describes why O'Flaherty Law is the best choice for your Real Estate matter.

  • We Get the Job Done!  Our dedicated Elmhurst real estate lawyers and staff will make your real estate deal our highest priority.  There are many moving pieces in even the simplest real estate transaction.  We take the time necessary to focus on your case, communicating and collaborating with all of the lenders, realtors, and attorneys involved to ensure that any potential obstacles between contract and closing are avoided or overcome.  Our mission is to make your life easy.  Our real estate attorneys will ensure that your real estate transaction closes smoothly and on time. 
  • We Go Above And Beyond For Our Clients!  Our friendly Elmhurst real estate attorneys are accessible day and night.  We promptly return all of your calls and e-mails and will immediately affirmatively inform you, your realtor, and your lender of any developments in your transaction.  Many of the clients that we have "wowed" with our above-and-beyond service have taken time out of their busy schedules to leave us glowing reviews, which you can read here.   We are also the proud recipient of the Avvo Client's Choice Award for 2016.  We have built a reputation upon amazing client service, and we look forward to building a long-term relationship with you!
  • Establish a Lifelong Relationship!  The purchase or sale of your home may be the first of many legal needs that will occur over the course of your lifetime.  If you need help with estate planning, business representation, probate, bankruptcy, or nearly any other area of law, our experienced team of Elmhurst attorneys are here to help.  Let us earn your trust and begin a lifelong relationship with your first real estate transaction, and you will never have to turn elsewhere for your family's legal needs. ​

Some of Our Accomplishments

Schedule a Free Consultation With Our

Elmhurst Real Estate Attorneys

residential real estate attorney elmhurst il

Please contact our friendly

Elmhurst Real Estate Attorneys

at our nearest location to schedule a free consultation:

O'Flaherty Law of Elmhurst

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

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

residential real estate lawyer elmhurst illinois

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 Elmhurst Real Estate Attorneys

attorrney for selling your home elmhurst illinois

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
real estate sale lawyer elmhurst illinois

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

​What Can I Expect When Working With An Attorney For My Real Estate Closing?

elmhurst real estate lawyer

Elmhurst real estate attorney Kevin O'Flaherty of O'Flaherty Law discusses reasons why attorneys are very important to getting a fair real estate transaction.

elmhurst real estate lawyer

In this article, our Elmhurst real estate lawyers explain why it is beneficial to hire a real estate attorney for the purchase or sale of your home.  We explain how real estate attorneys may save you money in the long run, will decrease the chances of your deal falling through between contract and closing, and decrease the likelihood of costly litigation and disputes after closing.  

Read the full article by our Elmhurst real estate attorneys explaining the reasons to hire a real estate lawyer for your transaction.

What Do Our Elmhurst Real Estate Attorneys Do In The Process?

In this article, our Elmhurst real estate lawyers explain the attorney modification process for residential real estate contracts. Once a contract for the purchase or sale of real estate is signed by both parties, each party will deliver the contract to his or her attorney to review.  The contract will typically provide that the parties' attorneys have 5 business days to modify or reject the contract. If the attorneys fail to do so in writing, the contract will become final.

Read the full article by our Elmhurt real estate attorneys explaining atttorney modification of real esate contracts.

In this Learn About Law podcast & videoblog, Elmhurst Residential & Commercial Real Estate attorney Kevin O'Flaherty of O'Flaherty Law discusses when you sell or purchase a home, your realtor will usually present you with a widely used form contract. The realtor will have the ability to customize that form to fit your needs.

real estate attorney elmhurst illinois

In this article, our Elmhurst real estate lawyers explain the attorney modification process for residential real estate contracts. Once a contract for the purchase or sale of real estate is signed by both parties, each party will deliver the contract to his or her attorney to review.  The contract will typically provide that the parties' attorneys have 5 business days to modify or reject the contract. If the attorneys fail to do so in writing, the contract will become final.

Read the full article by our Elmhurt real estate attorneys explaining atttorney modification of real esate contracts.

Elmhurst real estate attorney Kevin O'Flaherty of O'Flaherty Law discusses how to appeal your property taxes in Elmhurst, Illinois.

elmhurst real estate lawyer
real estate lawyer elmhurst il

In this article, our Elmhurst real estate lawyers explain the steps that go into preparing a residential real estate deal for closing.  We discuss the required disclosures that the seller must provide to the buyer, the seller’s provision of a survey to the buyer, and the seller’s attorney working with a title company to clear up any title issues with the property.  Finally, we explain the documents that change hands at the closing table, including the deed, the affidavit of title, an ALTA statement, transfer tax forms, and a settlement statement.

Read the full article by our Elmhurst real estate lawyers explaining preparations for residential real estate closings.

Further Reading from our

Elmhurst Real Estate Attorneys