Thank you for reading our contents. This is Garofalo law firm is here to assist you with all real estate deals, no matter it is for commercial purposes or residentional estate purposes. While you are going to buy or sell a property. There are lots things to notice and maintain. There are lots of paper work requires to be done. Lots of steps to follow and lots of terms to agree. If you are not a lawyer (Most of the you will not be) you would not what it entails. At Garofalo law firm, our attorneys will help you to complete you real estate deals successfully. We are committed to honesty, quick delivery, high quality deliverables and extremely fast services. We will guide you in each step. We will let you what to do, what documents to maintain and what to not.
If you are landlord you need to how you will proceed. Many times, the land lord and buyer waste time on dealing with the property and end up with endless problems. There are various steps involves in buying real estate property. The 1st phase is the contracting. In this phase the buyer will sign the contract and the give broker earnest money back. The seller signs the contract making it blinding upon the both parties. We will arrange the home inspection. If you are looking for mortgage, we will do mortgage of necessary. The contracting phase will also call for increase the earnest money.
The phase 2 contains pre closing preparations. Many of the things are not necessarily required for this step. The seller atty and the buyer will close many deals in this phase. In this phase it will order title commitment and do survey, obtain water and zoning certifications, we will request pay off later form seller mortgage. .
The 3rd phase is the closing of the contract, in this phase all final will be done. At closing the title will pay for – share of title expanses , real estate commission , state and country transfer taxes , pro rate share of taxes – these are the things will be sellers will usually pay for. At closing buyers will buyers will usually pay for share of little expanses , lender’ s duplicate title policy , service charges on mortgage , city of Chicago transfer tax , Insurance premium , attorneys fee etc.
Our office is located at 161 N. Clark Street Suite 4700, Chicago, Illinois. We are offering various legal services since the early days. Not just real estate deals we offer wide range of other services like – health law, will, attorney, trusts, professional services, estate planning, guardian litigation, guardian laws and more.
If you are looking for Chicago Residential Real Estate Attorney then call us at 312.753.6000. You can also fax us at 312.753.6001. If you are going to email us then must mention Name, contact number and message as well.
Let’s do an initial consultation. We look forward to work with you.