Selling or buying a property in Illinois is always exciting but also nerve-wracking as there are so many things in the process that you cannot navigate on your own even if you are a pro at selling or buying real estate. Real estate law also changes or updates year by year which makes that trickier for you to buy or sell any commercial or residential property. But fortunately, an experienced real estate lawyer at Marder & Seidler Law Firm is here to help you with all things whether you need help for real estate transactions, foreclosure services, legal services, or closings.
The real estate attorneys at Marder and Seidler have over 40+ years of experience providing real estate legal services for both commercial and residential property in Schaumburg, IL, and surrounding areas. We assist you to navigate the complexities of your real estate transactions. Our lawyers ensure those transactions proceed smoothly as you expected. Having our experienced lawyers on your side will assist you in finding as well as avoiding those major errors that may damage the transaction and make you stress-free by protecting your investment or your property.
Contact us now at 847-985-6767 to schedule a fully confidential and FREE consultation with one of our professional real estate lawyers. We serve DuPage, Kane, Cook, Lake, McHenry Counties, and surrounding areas including Schaumburg, Itasca, Downers Grove, Hoffman Estates, Elk Grove Village, Rolling Meadows, Elgin, Streamwood, Bartlett, Barrington, Roselle, Bloomingdale, Palatine, Hanover Park, and Wheaton.
Our Real Estate Lawyer in Schaumburg offers the following real estate legal services:
1. Document preparation
Our real estate lawyer prepares Purchase and Sale Agreements, property Deeds (ownership transfer documentation), Notary Public, and Seller Notes. Thi is the set of documents allowing a seller to get a home to the new owner relatively more quickly. We also review contracts that outline negotiation details and financing Agreements.
2. Residential/ Commercial Sales and purchase
Our real estate lawyer goes beyond the expertise of a real estate agent to make your residential and commercial property sale or purchase transaction a success. We will check all the details of your agreement such as checking and defining contingencies and checking for red flags or mistakes.
3. Clearing Title
You need to ensure that the title is clear before any real estate transaction is processed. Our real estate lawyers at Marder & Seidler Law Firm do a title search, resolves any title issues, and finds you title insurance as well.
4. Short Sales
A short sale is when someone sells their property for less than they owe. However the lender also agrees to forgive that loss to let you out of a mortgage. This usually happens when someone has trouble making their mortgage payments. At that time it is suggested to consider a short sale before being forced into foreclosure.
Some common terms that you may know at the time of a real estate transaction:
1. Purchase price
The total amount of money agreed upon by both parties for the sale of the property.
2. Earnest money
The amount of money that is given by the buyer to the seller, with the contract.
3. Down payment
The total amount of money the purchaser pays out of his/her funds towards the purchase price.
A loan taken by the buyer from a third party (lender) for the balance of the purchase price owed by the buyer.
5. Title Insurance
A policy of insurance that the seller purchased to ensure that good title is passed to the buyer.
Coming onto the land of another without getting the owner’s permission.
7. Building line
A line established by deeds beyond, upon which a person cannot build.
Contact Best Real Estate Lawyer in Schaumburg today for Free Consultation
If you need any help regarding buying or selling real estate whether it’s residential or commercial, contact Marder & Seidler law firm to schedule a free consultation with one of our experienced real estate lawyers. We will be happy to assist you, your realtor, and your lender at every stage of the transaction. Our Real estate lawyer in Schaumburg also make sure your real estate matter goes as smoothly as you expected while taking care of all your residential, commercial, or business needs.