https://www.facebook.com/141045116502340/

Law Office Of James R. Nelson & Associates, LLC

Name: Law Office Of James R. Nelson & Associates, LLC
Address: Park Ridge, IL, US
Telephone: +18472920402

Home
United States
Park Ridge, IL
Law Office Of James R. Nelson & Associates, LLC

Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Law Office Of James R. Nelson & Associates, LLC, Park Ridge, IL.

12/11/2024

Whether you're in the midst of purchasing a home or just considering it for the future, understanding the importance of a home inspection is crucial. It’s not just another box to check off — it’s your chance to uncover any hidden issues before they become costly problems.

Swipe for information on home inspections and what to do if an issue is found during one ↩️

Do you have legal questions about the homebuying process? Our team is here to help you every step of the way! Reach out anytime.

11/28/2024

From our families to yours, we extend our warmest wishes for a wonderful Thanksgiving filled with great food, good company, and plenty of joy. We are thankful for our referring agents and clients.

Our office will be closed on Thursday, November 28, and Friday, November 29, but we'll be back and ready to serve you on Monday, December 2.

Enjoy the holiday!

11/13/2024

Refinancing your property can be a smart financial decision, whether you're seeking better interest rates, accessing equity, or adjusting loan terms. However, it’s crucial to navigate the legal aspects carefully to ensure the process is both beneficial and secure.

Swipe for a few legal considerations to keep in mind while refinancing ↩️

If you're considering refinancing, reach out to our firm — we're here to help guide you through the process.

10/31/2024

Happy Halloween! 🎃

We’re not afraid to say — today and every day — that we are grateful for the community we’ve built. Thanks for being a part of it. Wishing you and yours a safe and spooky Halloween!

10/16/2024

Buying a home in a homeowners association (HOA) community offers perks like well-maintained neighborhoods and shared amenities, but it's essential to understand your rights and responsibilities in case issues arise.

With that in mind, our team has compiled a brief overview of HOAs’ and homeowners’ rights. Swipe to learn ↩️

Understanding these rights can help navigate your HOA community with confidence and protect your interests.

10/02/2024

During property transactions, unexpected title issues can cause delays or even derail the process if not addressed promptly. Swipe for a quick look at some frequent title issues and how to resolve them ↩️

If you have questions or need assistance with your property transaction, our team is here to help. Reach out to us anytime.

09/14/2024

Football is back! We’d love to hear what team you are all rooting for. Share it in the comments below.

My assistant and daughter, Emily, and I are rooting for the Lions to win the Super Bowl this year. We are also excited to see what the Bears can do with Caleb Williams.

Whatever team you are rooting for, we hope you enjoy the NFL season!

08/06/2024

During our years in the real estate industry, we’ve learned that the appeal of buying a home is much more than a monetary investment for our clients. It offers a sense of security and stability that is hard to find elsewhere 🏡

With rent prices increasing more than 13% in the past two years, owning a home also means having stable payments, avoiding rent hikes, and setting up future generations for success.

This time of the year, especially, we are extra grateful for being able to facilitate the gift of homeownership for our clients. If you own your home, what do you love most about it? Let us know in the comments ⬇️

07/29/2024

It’s time for a pop quiz 🎉 True or False: Once you’ve signed your estate plan, you’re set for life.

The correct answer is … false. In general, you should review your estate plan:

🖋️ Every 3-5 years or

🖋️ When a major life event occurs

Keeping your estate plan up to date ensures that what you really want will be carried out after you pass or if you’re incapacitated for some reason.

Been a bit (or a lot) longer than three to five years since you’ve reviewed your estate plan? 😬 Have no fear, our team of experts is here to help!

Give us a call or shoot us an email, and we’ll get the ball rolling.

07/16/2024

Real estate scams are on the rise, exploiting even the savviest buyers and sellers. Swipe through for an overview of common scams and ways to protect against them.

As always, if you have any real estate questions or simply want us to take a look at listings or contracts, do not hesitate to give us a call. Our team is here to ensure your real estate investments are safe and sound.

03/15/2024

I had a couple of calls already on the NAR settlement. I have not read the full settlement agreement yet but I will say that there are changes coming and they will come fast!
1. Listings will be at a premium!! Many buyers will choose to call the listing broker instead of paying a buyer broker themselves. I would guess that listing agents adapt and start charging 4 or 4 1/2% probably as they realize they will be showing the home themselves many many times.
2. Every broker must now have a buyer broker agreement signed. This is a good one. Once you have that signed, my preliminary understanding is that you still can put in an offer that says my buyer offers $400,000 with you the seller paying my 2 or 2 1/2% fee. One broker asked me but if my client is up against another offer from a buyer going through the listing broker, we will lose. That is true if the offer price is the same AND if the market stays like this. When the inventory and market get back to normal, the seller will welcome your offer!!!
3. Many different business models will pop up!! Some buyer brokers might try charging a flat fee per listing shown. Some listing agents will take listings and realize they are going to do all the showings or most by themselves but will get more organized. “We are showing that home on Wednesday from 5-7 or Saturday from 9-11.” No way brokers can run out on every call!
4. Be willing to adapt! Don’t get frustrated or feel you are out of business!!! Brush up on your listing presentations! Try new things! Explain what is going on in the market and be able to show your value as a buyer broker! Go the extra mile and I think you will be surprised.
5. If you are a buyer’s broker on a team, make sure you cover yourself!!! You will need to negotiate a fee in when your principal wants you to show 20 different buyers a home but none want to pay you themselves. And look at #3 which will save you time and may help create excitement around the home!

08/05/2022

I get the question “How fast can we close?” often. Most of the time it is a cash deal when they are asking that question (otherwise ask the lender). So when things were VERY busy four months ago, it took two to three weeks to get a survey. Now we can get one in four days. So the answer is very fast UNLESS there is an association. The issue with an association is we need closing documents and we don’t want the seller to go through the expense of ordering those unless we have cleared Attoeney Review and Inspection. We cannot reuse those docs if the deal falls apart. Additionally keep in mind that there are rush fees when we order and need them in less than 7-10 days depending on the association. Now work backwards and remember we probably won’t even get an Attorney Approval Letter from the buyer’s attorney until day 5. Give us a day or two after that to reach an agreement and then 7-10 days after that. If there is no association, we could close one day after an agreement on AI right now! A survey can be reused so we don’t care as much if the deal falls as long as the seller is still planning on selling to someone else.

Address

Park Ridge, IL

Telephone

+18472920402

Website

facebook.com

Alerts

Be the first to know and let us send you an email when Law Office Of James R. Nelson & Associates, LLC posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Law Office Of James R. Nelson & Associates, LLC:

Shortcuts

Want your business to be the top-listed Business in Park Ridge?