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Illinois real estate attorneysAs technology advances, the way we handle everyday tasks changes. One prime example is the way that home buying has changed over the last few years. Long gone are the days when you must spend days (perhaps even weeks) viewing houses in person. Instead, you can take a virtual tour using drones and cameras. You can even complete your entire real estate transaction using technology.

One emerging technology trend in real estate is the iBuyer. This option allows homeowners to quickly and almost seamlessly sell their homes without the fanfare that is typically seen in a more “traditional” real estate transactions. Yet, like most things in life, there are some drawbacks to selling your home to an iBuyer. Learn more about them in the following sections, and discover how a seasoned real estate lawyer can help protect your interests, regardless of how you decide to sell your home.

iBuying in the Real Estate Industry - How Does it Work?

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Oak Brook landlord-tenant dispute lawyersRenting out residential property out can give you a steady stream of income and increase your ability to build your wealth or a nest egg for your retirement. There are some risks involved, however.

Tenants may default on their rent or cause damage to the property. You could even be subject to a costly lawsuit if you violate the landlord-tenant laws imposed by local, state, or federal municipalities. Thankfully, by being educated and ensuring you have the right protections in place, you can decrease your risk of such issues. Learn more in the following sections.

Federal Landlord-Tenant Laws 

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Oak Brook zoning and land use attorneysFew things in life are as satisfying as the purchase of an undeveloped plot of land. It is, essentially, a blank slate, an opportunity to build your vision. Land development requires more than just an idea, however. Investors must also navigate through a complex set of nuanced rules and regulations. Overseen and enforced by local, state, and even federal municipalities, the laws of greatest concern relate to how the land can be used. Learn more about zoning and entitlements in the commercial real estate industry (CRE) in the following sections.

Zoning and Entitlements - What Are These Laws and Why Do They Matter?

New CRE investors are often surprised to discover just how important zoning and entitlements are to their real estate projects. Able to bring a development project to a complete standstill, zoning and entitlement issues can hike up costs and threaten a project's completion. So what, exactly, are these laws, and how can you avoid them in your investment projects?

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Illinois real estate attorneysTariffs, shortages within the construction industry, and the increasing costs associated with purchasing or renting a property point to the possibility of an impending real estate down cycle. It might be tempting to wait out this cycle, in hopes of making it big in commercial real estate (CRE) like many others did during the Great Recession, but is it a sound strategy? The following sections highlight the potential downfalls of holding out until the next market crash, and it explains how you can begin to take immediate steps toward successfully breaking into the CRE investment market.

Waiting to Invest in Commercial Real Estate - Sound Strategy or Major Mistake?

For those who have not yet entered the CRE investing market, waiting may seem like a sound strategy. However, seasoned investors know the truth: breaking into the market takes time. Knowledge must be acquired, and relationships must be built. These resources are all critical to success for investors, and if you wait to break into the market, you may struggle to find the ones that you need the most. Part of that is due to the changes that happen within the market when a crash occurs. Banks and lenders may merge, or they may tighten their lending criteria. Others may disappear entirely, even after approving your loan, leaving you without proper funding. In short, if you want to invest in the commercial real estate market, the time to get started is now.

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Oak Brook commercial real estate attorneysWith more restaurants offering delivery services to their customers, and the popularity of food delivery services rising, the interest in the restaurant investment sector is growing at an unprecedented rate. Unfortunately, far too many investors dive into this industry without fully understanding its risks and nuances. As a result, they increase their risk of significant financial loss. Be proactive and avoid such a fate with help from the following information.

A Closer Look at the Restaurant Investment Boom

From a distance, it might appear that the entire restaurant industry is booming. However, upon closer inspection, current trends indicate that growth is confined mostly to Class A properties. All other properties are seeing little (if any) growth - and in many areas, closure rates for Class B and C restaurants are increasing. As such, investors wishing to break into the restaurant sector are encouraged to focus their sights on high-end properties. Just keep in mind that, because of the current boom, competition in the Class A restaurant sector is exceptionally high.

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