CHICAGO REAL ESTATE ATTORNEY
CHICAGO REAL ESTATE ATTORNEY FOR SELLERS
Successful Real Estate Attorney For Chicago Metro-Area Property Sellers
Though you are not required by law to work with a real estate lawyer as you are selling your property, you could expose yourself to all manner of complications and mistakes if you choose to go without. The legal team at Shawn M. Bolger Limited has been helping Chicago clients sell their properties for over 30 years and is intimately acquainted with the process.
OFFICIAL ABA MEMBER
Real Estate Disclosures
As the seller, you are obligated to disclose certain aspects of your property to any potential buyers. Not sure what those are? We can help. We have prevented countless sellers from getting into hot water by inadvertently withholding required disclosures during the negotiation process and will do the same for you. Don’t jeopardize your sale by entering into it blindly — let us help you.
How We Can Help
Beyond ensuring you understand everything in the purchase agreement, we can also help you with unforeseen complications in the process. For example, you may discover a lien against your property you didn’t know existed and will need help resolving it. We can also draft all of the necessary requirements, including the deed, amendments to the agreement, riders to the contract, and more so that you don’t have to rely on templated documents from the internet.
Residential sales are always a flat fee.
Commercial rates may vary, but are always transparent and affordable.
Shawn M. Bolger, Limited provides trustworthy and effective real estate services for sellers in Chicago, Oak Brook, Franklin Park, and McHenry. Contact our office today at 855-316-8045 to schedule a free consultation.
Chicago Real Estate Sellers | Shawn M. Bolger, Limited
You can find more related content in the following pages:
Frequently Asked Question
When should I contact your office about the sale of my home
Our firm always encourages clients that are selling their property to reach out to our Firm when you list the property. We will open a file for your transaction, and we will be available to advise on the Contract terms prior to you signing the contract.
Most importantly, once you have received an executed contract, you will need to contact our Firm immediately because there are many time-sensitive requirements once you have an executed Contract.
What is the typical timeline from the date that I receive an executed Contract to the closing date?
Please note that this answer depends on whether the buyer is obtaining financing or if it is a cash transaction.
- Financing transactions typically take about 45- 60 days to close. However, it depends on the type of financing.
- Once due diligence is completed, cash transactions can close very quickly.
What kind of closing costs can I expect as a Seller?
Each transaction can offer unique contracting agreements. However, the following list and explanation are typically Seller’s costs in a residential sale:
- Realtor commissions: The commission terms will be outlined in your listing agreement
- Title Fees
- Plat of survey
- Attorney fees for the Seller
- City and State transfer fees
- Tax credits
- If you have a property in a homeowner association, there are fees that typically the Seller is responsible for to order documents required for the Buyer’s due diligence.
As a Seller, why am I providing a tax credit to the Buyer?
Generally, real estate taxes are paid in arrears. For example, when you are paying your 2019 real estate taxes, the bill becomes available in two installments in 2020. As a Seller you provide the Buyer with a credit for the taxes for the time that you have been the owner of the property. Our firm can address tax credits to ensure that the tax credits that you are providing are in fact based on the anticipated tax bill with reference to the property’s assessed valuation.
Are there municipal requirements for my sale?
Many municipalities have very specific requirements for the sale of the property. Our Firm will help you identify the requirements and advise on next steps, as well as prepare any forms that are necessary for transfer stamps.