Illinois Real Estate Representation That You Can Rely On
For most individuals, your home will be your largest asset of ownership during your lifetime. Therefore, purchasing or selling a home will be one of the most important transactions that you will encounter. It is imperative that you have a knowledgeable and well-qualified attorney on your team to ensure a smooth transaction. Our goal is to make the process as stress-free as possible.
At Demetrius J. Karos, Ltd., we are proud to offer our services to our neighbors in Naperville and those across Illinois. When you work with Kayla and Demetrius as your real estate lawyers, you can rest assured they will use all of their experience and knowledge of the local customs and regulations to help you succeed with your real estate transaction.
Commonly Asked Real Estate Questions
Below are some of the most common questions that clients ask us regarding real estate contracts and transactions. If you need more information, you are welcome to reach out to our office.
Why should you hire a real estate attorney for the purchase or sale of a house?
Hiring an attorney to help you with the real estate process is highly beneficial for you because you get an advocate on your side who can monitor the transaction and ensure that everything proceeds smoothly and with minimal issues. A real estate attorney can ensure that your property’s title is free of all encumbrances and prepare all documents for you during the transaction and review all others from the other party. They can also negotiate on your behalf with the buyer or seller and attend the closing for the property.
Do you need to have an attorney review your contract before signing it?
You are not formally required to have an attorney during the course of your real estate transaction. However, in Illinois it is normal custom for buyers and sellers to have their attorney review the real estate contract prior to signing it, to ensure that it complies with all legal requirements and is in line with what the parties are intending to bind themselves to.
What does the home buying process look like?
There are a few major steps that you need to know when you are looking to buy residential property. The first will be to examine your options for financing, to learn what will work best for you if you need to get a mortgage and how to get preapproved for financing. Once you have that sorted out, you will want to find a real estate agent that knows the area where you wish to settle.
Once they have helped you find the home you wish to buy, you can begin making offers. If your offer is accepted, then you will need to have the house inspected and appraised before you purchase it. The last step is the closing, where you will finalize the transaction. This sounds simple, but this is a complex process and having the right help can make a big difference for you in both the short and long term.
What should you know when you go to sell your home?
A lot can go into selling your home, especially if you want to make sure that you are getting the best value for your property. If your home is in need of some renovations or work, that can go a long way toward boosting the quantity and quality of offers that you will receive for it. You can also consider hiring a company to stage your home for photos and open houses. An experienced real estate agent can help you determine all of the steps that you need in order to make your home ready for the market.
Consider also when you are selling, as the best time to sell a home is typically during the summer months when schools are released. Families with children are more likely to move then to avoid disrupting their children’s education. As the seller, you will be responsible for purchasing title insurance to cover the new buyer as part of your transaction. Other taxes as part of the transfer may be due as part of the sale, although these can vary based on location.
Come And Speak With Our Attorneys
If you are ready to move forward with your real estate purchase, then you can come to our office to get our attorneys on your side every step of the way. You can call our office at 815-534-4402 or toll-free at 800-465-6208. Alternatively, you can send us a message online if you would prefer. You can schedule a consultation with one of our attorneys to discuss your situation and to see how we can help you.