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Illinois Real Estate Attorneys | Residential Real Estate Lawyers, Illinois

Illinois Real Estate Attorneys | Residential Real Estate Lawyers, Illinois

Our Illinois real estate attorneys will give your residential or commercial real estate matter the above-and-beyond attention it deserves. We have experience in all areas of residential, commercial, real estate transactions including sales, purchases, leases, and landlord-tenant disputes, evictions, and other real estate litigation.

Our Illinois real estate attorneys will give your residential or commercial real estate matter the above-and-beyond attention it deserves. We have experience in all areas of residential, commercial, real estate transactions including sales, purchases, leases, and landlord-tenant disputes, evictions, and other real estate litigation.

Your Community Law Firm

Why O'Flaherty Law for My

Real Estate

Matter?

In this video, Illinois Real Estate lawyer Kevin O'Flaherty describes why O'Flaherty Law is the best choice for your real estate matter.

  • ​​We Get the Job Done Smoothly and On Time!  Our skilled Illinois real estate attorneys make each client a priority, taking the time to communicate with your realtor, your lender, and the other party's attorney to ensure that your transaction proceeds smoothly from contract to closing and that your best interests are protected.
  • We Provide Amazing Client Service!    Our Illinois real estate lawyers have built a reputation in the community for providing above-and-beyond service to our clients.   Many of our clients have taken the time to leave us glowing reviews.  We have received such a positive response from our Clients that we were awarded  Avvo Client's Choice Award for 2016. We have an A+ Rating with the Better Business Bureau and have never received a BBB complaint.   In 2015, Kevin O'Flaherty was honored to receive Suburban Life Magazine's Best Under 40 Award. We can't wait to show you how different it can be to work with an attorney that puts you first. 
  • Establish a Lifelong Relationship!  A real estate transaction is a wonderful opportunity to develop a trusted relationship with an attorney.  At O'Flaherty Law, we take a team approach to client service.  We have several attorneys with multiple areas of experience.  This allows us to provide comprehensive legal service to our clients.  Once you establish a relationship with our Illinois real estate attorneys, you will never have to look elsewhere for legal solutions.

Some of Our Accomplishments

Schedule a Free Consultation With Our

Illinois Real Estate Attorneys

residential real estate attorney illinois

Please contact our friendly

Illinois Real Estate Attorneys

at our nearest location to schedule a free consultation:

O'Flaherty Law of Downers Grove

5002 Main Street, Ste 201
Downers Grove
,
IL
60515
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 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 Illinois Real Estate Lawyers

attorney for home sale 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
home sale lawyer 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

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

illinois real estate lawyer

Illinois residential real estate attorney, Kevin O'Flaherty explains the 5 things to look out for in Illinois residential real estate contracts.

illinois real estate lawyer

In this article, our Illinois residential real estate attorneys explain the important clauses to understand in typical residential real estate contracts This includes:

  • Tax prorations
  • Fixtures included in the sale of the property
  • The mortgage contingency clause, and
  • The clause laying out the purchase price and earnest money.  

Our Illinois real estate lawyers will ensure that you fully understand your contract and that it is fair to you.  

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

How To Appeal Your Property Tax Exemption

In this article, our Illinois real estate attorneys discuss the property tax appeals process and explain the documentation needed to file the appeal, and what to expect during the hearing process. 

Read the full article by our Illinois real estate attorneys regarding how to appeal your property tax assessment. 

Illinois real estate attorney, Kevin O'Flaherty explains the process to appealing property tax assessments.

real estate attorney illinois

In this article, our Illinois real estate attorneys discuss the property tax appeals process and explain the documentation needed to file the appeal, and what to expect during the hearing process. 

Read the full article by our Illinois real estate attorneys regarding how to appeal your property tax assessment. 

Modifying Residential Real Estate Contracts

Illinois real estate attorney, Kevin O'Flaherty discusses modifcations to real estate contracts.

illinois real estate lawyer
real estate lawyer illinois

In this article, our Illinois real estate lawyers explain the attorney modification process for real estate contracts. When buying or selling your home or business property, your realtor has the ability to customize your contract to fit your needs and add details that you want to be included. The contract will be executed by both parties and then sent to each party's attorney for review. The contract typically states that each party's attorney will have five business days to:

  1. Approve the contract; 
  2. Reject the contract; or 
  3. Negotiate modifications to the contract.

Read the full article by our Illinois real estate attorneys explaining attorney modificaiton of resdiential real estate contracts

Our Illinois Real Estate Lawyers are Happy To Meet With You in DuPage County, Will County, McHenry County, Kane County, Kendall County, Grundy County, Kankakee County, Dekalb County, LaSalle County, at our offices in Downers Grove, Elmhurst, Naperville, Lake in the Hills, Tinley Park, St. Charles or Any Other Location Convenient To You.

Further Reading from our

Illinois Real Estate Attorneys