Wheaton Real Estate Closing Attorney
The logistics and complexity of buying and selling property in Illinois can be immense. Whether someone is a first-time buyer/seller or not, due to the gravity of the situation, it's important to partner with someone with a comprehensive knowledge of the process — someone for whom there's no ambiguity.
Because for many lawyers and firms real estate is only one part of their practice, and often not the core competency, they run into snags in the process. Whether it's explaining, drafting and negotiating a contract, checking into liens and title defects, negotiating repairs, or scheduling a closing, there's usually something that can and will get caught, and when these problems present themselves, they can cost a client thousands of dollars or compromise the transaction entirely.
I know what's needed to succeed in commercial and residential real estate law, and it's why I've made it my concentration. I work with clients at every stage in their transaction, including:
- Purchasing and sales
During the contract review through to close it's important to carefully review everything competently and efficiently. Failure to do so in a timely manner can kill the deal.
Commercial real estate
When seeking to purchase a commercial property, there is need to avoid surprises and ascertain that the property can be used as intended. Extent of due diligence will depend upon your objectives. As a purchaser of real estate, you and your lender must address all material facts and conditions affecting it.
It is useful to become familiar with the lender's requirements as early as practically possible. If the loan conditions cannot be satisfied, it is better to make that determination during the contractual "due diligence" period.
As seller, to close the transaction your buyer, and its lender, will need details, including documents, to address all issues material to their respective objectives. In anticipation of those needs, work with us to provide everything required as early as possible. This will expedite closing and minimize fees.
Residential real estate
Residential real estate transactions are similar, but generally not as complex as those involving commercial property. Both require timely attorney review, and contract modifications when necessary to protect your interests. Absent unusual circumstances, our fee is $350.00, except for Chicago properties. The fee for a Chicago property is $400.00.
DuPage County Real Estate Attorney
For one competitive flat fee, I clear the title, address inspection concerns, conduct document review, review all loan documents with the buyer and ensure that proper contract with the lender is reflected in loan documents. I help clients understand entire transaction so that nothing comes as a surprise and all their interests are protected.
Call me at 630-545-0695 or e-mail me to find out how I can help you in your real estate process today.