The burning question: What is an “attorney review” in a real estate contract?
In Illinois, most standard form residential real estate contracts contain an “attorney review” clause.
Typically, a buyer makes a written offer by submitting the contract with proposed terms to the seller. If the seller accepts, the contract then goes to each party’s respective attorney who will review the contract and may propose new, additional terms to make the contract more favorable for his or her client. Many clients view this as a frustration, particularly when they believe they “had a deal” which now seems to be up for renegotiation.
Learn more about attorney review and the potential benefits on http://www.statmanharris.com/attorneyreview/