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Why You Need a Real Estate Lawyer When You Are the Seller

After you plan to sell your home, you should hire a real estate lawyer to help you. You need their assistance in every step starting from the sale contract or agreement until the closing day.

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Why You Need a Real Estate Lawyer When You Are the Seller

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  1. Why You Need a Real Estate Lawyer When You Are the Seller

  2. After you plan to sell your home, you should hire a real estate lawyer to help you. You need their assistance in every step starting from the sale contract or agreement until the closing day. Here are the main sections where you will require them • Reviewing the agreement • Providing notice to tenants • Finishing the sale (few days before the end) • Obtaining certificates or dealing with documents • Providing legal assistance during the closing

  3. Let us look at each of the sections in details. Reviewing the agreement The contract of selling is a legal document which comprises all the details about what you are selling, the cost, the closing, terms and conditions and other arrangements. You should have all the necessary information about the house and the price which your buyer is paying you. The conditions can include home inspection or financing. It is required before the agreement becomes requisite. The sale consists of the whole property along with any other items that are attached to it: stained glass windows, wall bookcases, permanently attached light fixtures. You cannot just get rid of any of the attachments without mentioning it in the contract. Make sure you are providing a guarantee that all the equipment and other appliances are in good shape during the closing. If anything gets damaged ahead of the deadline, you are the one has to replace or fix it. The real estate lawyer will check everything in the contract.

  4. Providing notice to tenants If you have renters on your property, you should follow the Residential Tenancies Act. You cannot ask the one living in the rented place to leave. You should give them a notice before 60 days so that they can get a new place to stay. You should maintain all the laws and follow all the government rules and regulations related to tenancies or else that person can complain against you. The real estate lawyer will assist you with the notice of termination. Finishing the sale Before the closing, you have to communicate with the local utilities to get the meter readings on the day of closing. The house insurance should also be with you. The real estate lawyer will ask you to visit his or her office and sign the closing papers. You have to come along with the house key, pass cards for buildings, garage openers, etc. After you leave your property for the last time, you should lock everything. Carry along another important document such as your passport or license. The seller has to verify their identity before the sale transaction.

  5. Obtaining certificates After you give listing data related to the property to the real estate agent or finish a seller’s property information report, ensure that you are stating complete and correct details. You cannot hide any problems in your house because sooner or later it will expose itself. The homebuyer can sue you for that. You will need to get a status certificate if it is a condominium, therefore, pay an individual fee for that. You will get all the assistance you need requiring documents and certificates from your attorney. ChicagoRealEstateLawFirm.Com is an excellent option for you in case if you don’t have an idea about the certificates. Providing legal aid during closing The real estate lawyer will be present from the beginning to the end and paid the seller with all their problems. You can ask them any questions or ask for a solution to your problems related to the selling, and they will be more than happy to do that for you. The home sale process will become less worrying.

  6. Contact us today to learn more and to schedule a free consultation. Website: https://www.chicagorealestatelawfirm.com/ Business Hours: Mon-Fri: 8:30 am - 5:30 pm Phone: (312) 690-7306 Email: glg@gordonlawltd.com Address: 180 N LaSalle Suite 3700B Visit & Follow us on our Social Media Sites Twitter: https://twitter.com/RealEstateLawF Facebook: https://www.facebook.com/ChicagoRealEstateLawFirm Google Plus: https://plus.google.com/u/0/101118499268917414512/ Linkedin: https://www.linkedin.com/in/chicago-real-estate-law-firm-8b528911a Instagram: https://www.instagram.com/chicagorealestatelawfirm/ Pinterest: https://www.pinterest.com/realestatelawf/ SlideShare: https://www.slideshare.net/ChicagoRealEstateLawFirm © Copyright 2017 - Chicago Real Estate Law Firm

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