Shane E Mowery - Attorney at Law, PC

Shane E Mowery - Attorney at Law, PC Shane E. Mowery - Attorney at Law, PC is a residential real estate attorney located on Chicago's nor

Mowery attended Illinois State University in Normal, Illinois, obtaining a Bachelor of Science degree in Finance in 1998. While studying at Illinois State, Shane was employed by Kaisner Realty, now known as Re/Max Twin City Realtors. At Kaisner Realty, Shane served as the company’s marketing coordinator, where he supervised the production of a television program for the promotion of in-house real

estate sales, supervised and maintained the company’s website and assisted realtors with general advertising avenues. In 1997, Shane obtained his real estate salesperson license to further his knowledge and understanding of real estate principles. In 1998, Shane moved to Chicago to begin his study at The John Marshall Law School in Chicago, focusing on real estate transactions. In 1999, Shane joined a general practice law firm in Chicago, Upon graduating from John Marshall in 2001 and obtaining his license, Shane was immediately given the responsibility of handling residential real estate transactions within the firm. The scope of his responsibility extended to new construction sales and purchases, multi-million dollar sales and purchases, condominium development and landlord and tenant issues. With an understanding of both brokerage and legal concerns surrounding real estate law, Shane’s mission as an attorney is to provide professional, dedicated and affordable legal services to those in need of real estate assistance.

06/23/2026

Buying or selling a home in Chicago comes with a lot of moving parts, and having the right support can make all the difference.

As a real estate attorney, I help clients navigate contracts, timelines, and closing with clarity and care, so nothing feels rushed or uncertain.

If a move is on your radar this year, I’d love to be a resource. Thoughtful guidance, clear communication, and advocacy at every step, that’s what I’m here for. Let’s make your move a smooth one.

06/18/2026

Closing costs are an important part of any real estate transaction, but many buyers and sellers aren’t sure which expenses they’re responsible for until they’re deep into the process.

While every transaction is unique, here’s a general breakdown:

Buyers typically pay for:
✨ Lender-related fees
✨ Appraisal and credit report fees
✨ Home inspection costs
✨ Title insurance (owner’s and lender’s policies in many Chicago-area transactions)
✨ Prepaid property taxes, insurance, and escrow deposits

Sellers typically pay for:
✨ Real estate transfer taxes (in many transactions)
✨ Attorney fees
✨ Any agreed-upon credits or repairs
✨ Mortgage payoff costs
✨ Prorated property taxes and assessments

The exact numbers depend on the property, financing, contract terms, and local customs. That’s why it’s important to understand the costs associated with a transaction early in the process.

Understanding closing costs can help buyers and sellers plan ahead and move toward closing with confidence.

06/16/2026

Thinking about selling your home yourself to save money?

Many homeowners are drawn to the FSBO (For Sale By Owner) route because they hope to reduce costs by avoiding agent commissions.

While that can work in some situations, it’s important to look at the full picture.

Pricing the home correctly, marketing it effectively, negotiating offers, managing inspections, handling disclosures, keeping track of deadlines, and navigating the contract process can all have a financial impact on the outcome of a sale.

In some cases, sellers save money. In others, pricing mistakes, concessions, repair negotiations, or contract issues can end up costing more than expected.

Every situation is different, but the decision to sell FSBO shouldn’t be based solely on potential commission savings.

Understanding the legal, financial, and logistical responsibilities involved can help you make an informed choice.

Before deciding which path is right for you, make sure you’re evaluating the entire transaction, not just one line item on the closing statement.

06/11/2026

Chicago’s housing market continues to move at a fast pace, and understanding the latest trends can help you make more informed decisions.

In May, active listings were down 25.2% compared to last year, leaving buyers with fewer options and more competition. While inventory has been increasing in many parts of the country, Chicago continues to see a much tighter supply of homes.

New listings also declined, down 12.5% year-over-year, meaning homes are being purchased faster than new ones are coming to market. Well priced properties didn’t stay available for long either, the median home went under contract in just 34 days, significantly faster than the national median of 52 days.

What does this mean for you?
Sellers: Properly priced homes are attracting strong interest and moving quickly, often with fewer concessions.

Buyers: Preparation is key. Having your financing in order, understanding your target neighborhoods, and being ready to act quickly can make all the difference when the right property hits the market.

Whether you’re buying, selling, or simply keeping an eye on the market, staying informed about local trends can help you navigate the process with greater confidence.

06/09/2026

Thinking about hosting an open house?

While open houses don’t always directly produce the winning buyer, they can still play an important role in your selling strategy. A well-timed open house can generate buzz, increase exposure, and create a sense of competition among buyers who see others touring the property at the same time.

That said, open houses work best as part of a larger marketing plan, not as the only strategy. Professional photography, online exposure, private showings, and proper pricing are often the biggest drivers of a successful sale.

Every home and market is different, which is why it’s important to have a customized approach when preparing your home for sale.

06/04/2026

Let’s talk loan eligibility or “buying power.”

Most lenders evaluate a person’s buying power based on four elements called “the four C’s.” They are capacity, capital, collateral and credit.

Before you buy a home, make sure you are well-versed on the status of or know where and how to check on these.

Capacity: This is your ability to take on a mortgage or pay back a loan. Income, savings and monthly debt payments are some of the factors that affect capacity.

Capital: This is the amount of money or savings you have readily available. Think of it as your personal reserves that are not tied to income. Closings cost funds and your down payment funds are types of capital!

Collateral: When you take out a loan, this is the monetary value of the property you’re securing against it.

Credit: This is based on your credit score and history. A lender wants to know if you have a history of paying other debts on time and in full.


06/02/2026

It’s one of the biggest questions buyers are asking right now. With more homes hitting the market and affordability challenges making headlines, it’s easy to wonder if a major price drop is around the corner.

The reality? Most housing experts aren’t forecasting a national decline in home prices. Instead, they’re projecting modest appreciation as inventory improves and the market continues to normalize. While some local markets may see price adjustments, a widespread housing crash is not what experts expect.

For buyers waiting on the sidelines, trying to time the market perfectly can be risky. Home values have remained surprisingly resilient because inventory is still below historical norms in many areas, and demand continues to outpace supply.

Every market is local, and Chicago has its own unique dynamics. If you’re wondering whether now is the right time to buy or sell, the best strategy is to focus on your personal goals and local market conditions, not just the national headlines.

05/29/2026

Whether you’re buying or selling, that offer letter isn’t just a formality, it’s a legally binding contract. Once it’s signed, changing terms gets a lot harder (and more expensive).

From contingencies and deadlines to inspection clauses and financing terms, every detail matters. One overlooked sentence could cost you thousands or derail the deal entirely.

Always have a real estate attorney review the offer before you sign. It’s faster and more affordable than fixing problems after the fact.

05/27/2026

A living trust is a legal document that places your assets into a trust for your benefit (you’re the trustee) while you’re alive and then transfers those assets, via your “successor trustee,” to beneficiaries after you die or become disabled.

How is a living trust different from a will?
Like a living trust, a will is a legal document that instructs how to distribute your possessions after your death. If you have a will when you pass away, your estate goes into “probate,” a legal process where the court supervises the distribution of your estate. It appoints somebody (usually your executor) to collect information about your assets and liabilities, pay your bills, then distribute the remainder of the estate to your beneficiaries according to your wishes. Probate includes a lot of paperwork and can take up to a year.

However, if you set up a living trust while you’re alive, you typically pay a lawyer anywhere from $1,500 to $3,000 to do the paperwork ahead of time and avoid court supervision of the most valuable items you own after you’re gone.

Whatever you’ve placed in the trust can be distributed in a matter of weeks after your demise, not months. And as a bonus, a living trust is private, whereas a will is a public document, so everyone knows what and how much you did (or didn’t) leave to your least favorite relatives.

05/22/2026

Earnest money is meant to show good faith when you enter a contract, but in most real estate transactions, there are protections built into the agreement.

Some common situations where earnest money could be at risk:
• Missing contract deadlines
• Backing out for a reason not covered by the contract
• Financing issues after waiving contingencies
• Failing to close after all contingencies have been satisfied

Many disputes can be avoided with strong communication, careful timing, and understanding your contract before making major decisions.

One of the biggest misconceptions is that buyers automatically lose earnest money if they change their mind or a deal falls apart and that’s not always the case. The details of the contract matter.

Whether you’re buying your first condo or your fifth home, understanding contingencies, timelines, and attorney review can make a huge difference.

Address

15833 S. LaGrange Road
Chicago, IL
60462

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Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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+17732799900

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