Building defects can destroy the joy of a real estate purchase

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Building defects can destroy the joy of a real estate purchase

On Behalf of | Jun 27, 2017 | real estate transactions

Buying property should be an exciting and satisfying experience for Illinois residents. Sadly, not all purchases turn out to be that way due to the discovery of defects in the structure. Building defects are supposed to be disclosed by the seller, but that does not always happen.

Any number of defects such as structural damage, roof leaks or water damage could be found. Mold, faulty wiring and other defects could threaten the safety and health of your family. Federal and Illinois laws are supposed to protect buyers from this eventuality, but not all sellers follow those laws.

It could cost you precious financial resources dealing with the defect. The situation would more than likely cause a great deal of stress and frustration as well. You could be asking what you can do about the situation. First, it needs to be determined whether the seller was aware of the defect prior to the sale.

An attorney could assist you with this and advise you of your rights. If it turns out that the seller knew or should have known about the defect prior to the sale, you may have the right to file litigation against the appropriate parties. In the alternative, negotiating a settlement might better serve the interests of everyone involved. If a settlement can be reached, then no one has to go to the expense and cost of litigation.

While you attempt to correct the building defects, an attorney can begin the legwork to determine what happened. From there you could take the appropriate action with the guidance of such a legal advocate. Finding an attorney familiar with real estate law, construction law and zoning law in order to gain as complete an understanding of the situation as possible could increase the chances of a successful outcome.

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