G & B Real Estate Attorneys

SERVICES

For Both Buyers and Sellers

• » Contract Review (pre or post contract execution);
• » Negotiation of Inspection contingency issues, if any;
• » Negotion of attorney modification issues, if any;
• » Tracking contingencies;
• » Attend closing and assistance with the following:

For Sellers

• » Order of Title Insurance and Survey;
• » Procure Illinois, County, and Local Transfer Stamps, if any;
• » Procure water certifications, inspections, or tests required by various municipalities;
• » Arrange for current mortgage payoff;
• » Preparation of all necessary closing documents.

For Buyers

• » Review inspection report and negotiate repairs, if any;
• » Work with mortgage broker to make sure financing deadlines and informational requirements are met;
• » Procure municipal transfer stamps, if any;
• » Explain the voluminous mortgage and seller documents in clear, easy to understand terms;
• » Make sure deed is proper and title policy is issued.

FEES

Residential Closing: The price of a residential real estate closing for an existing property not involving a developer and involving a realtor varies depending on a number of factors but is usually a flat $395 fee.

Per transaction fees are usually lower when both a purchase and a sale are combined.

Closing on a "for sale by owner" or one which includes drafting of contract: $395 flat fee per closing, plus costs

Closings on new and rehab property from a developer, builder or rehabber: $395 flat fee per closing, plus costs

*costs vary, but usually range from $50 to $150 and include (but may not be limited to) any municipal transfer taxes, water payoff fees, municipal inspection fees and bank land trustee fees.