Why do I need a Real Estate Attorney?
An attorney is essential in real estate deals. Because your home is likely your largest purchase, you want to ensure that the contract terms are fair and consistent with your expectations. A real estate attorney will review the terms in the contract and negotiate any details that are missing or unclear. Additionally, your attorney will ensure that the transaction goes smoothly until closing. At closing, your attorney will be your side to explain each document that needs to be signed for the sale to be completed.
What services do you provide to the seller?
Review real estate contract, negotiate any necessary modifications at time of contract and after home inspection, order all necessary title work, as well as surveys, zoning certificates, water certificates, etc, order any mortgage payoffs that may be needed, obtain paid assessment letters, prepare all closing documents, including the deed, bill of sale, and transfer tax computations, attend closing, review all necessary documents with seller.
What services do you provide to the buyer?
Review real estate contract, negotiate any necessary modifications at time of contract and after home inspection, review title insurance, follow up with lenders regarding the mortgage, attend closing, review all necessary documents with buyer, which include all mortgage documents.
What do sellers usually pay for at closing?
Real estate commissions, state and county transfer taxes, as well as the new Chicago transfer tax for sellers, zoning certificates and survey (if required), water certificate, his or her share of property taxes due, attorney fees, and his or her share of title expenses
What do buyers usually pay for at closing?
Mortgage fees, Chicago City transfer tax, insurance premium (homeowners are required to purchase home insurance by most mortgage companies), attorney fees, and his or her share of title expenses
