Real Estate Law
Do I need an attorney for my real estate transaction?
Yes! Every real estate transaction you make will likely be one of the largest legal and financial transactions you will experience. Real estate contracts are some of the most complicated legal documents in the industry. That's why even some of the most experienced real estate professionals make sure they have a real estate attorney review their contract. Because having guidance as to what you're signing is vital to making decisions that are in YOUR best interest.
RESIDENTIAL CLOSING SERVICES
Services for Property Sellers Include:
- Ordering title insurance and survey
- Reviewing and clearing title once received
- Arranging for your mortgage payoff(s)
- Arranging or obtaining a paid assessment letter (for condos and townhomes)
- Procuring water certifications and transfer stamps as required by your city/village
- Preparing all closing documents
- Reviewing your inspection report and requesting repairs or credits if necessary
- Informing and updating your mortgage specialist regarding activity
- Requesting extensions under your mortgage contingency, if necessary
- Reviewing all loan documents with you during closing, in easy to understand terms
- Reviewing and explaining all legal documents that are transferring titles (both real and personal property)
- Assuring the recording of the Deed and proper issuance of Owner's Policy
My fee for closing services is normally fixed, ranging from $450-$2,500. Discounts may apply to dual closings for those buying and selling property at the same time. Certain extraneous factors will affect this fixed fee, but you will know this ahead of time. There won't be any surprises.
COMMERCIAL, INDUSTRIAL AND INVESTMENT TRANSACTIONS
Services for Property Sellers and Property Buyers Include:
- All services above, as applicable
- Arranging for specific transaction requirements, such as Tenant Rolls, Assignments, land trust considerations and initial consultation for Starker 1031 exchanges
My fee will range between $750 and $5,000, depending on the complexity of the transaction. This fee does not include additional transaction costs, such as: title, survey, realtor fees, transfer stamps and fees, zoning certifications, water certifications, inspection fees, recording fees, State of Illinois policy tax, State of Illinois transfer tax, county transfer tax, and city or village taxes.
