Real Estate
We represent clients in all aspects of real estate buying and selling transactions and leasing. We provide clear, practical advice to help clients achieve their business goals, whether it involves a simple lease renewal, a complex financing, or development proposal. In each matter, we define success the same way: by meeting the client’s objectives as efficiently and effectively as possible.
The Closing Procedure
- Contract fully executed by both parties.
- Earnest money deposited with Realtor or Seller Attorney.
- Loan application initiated by Buyer.
- Buyer must order Termite and Septic inspection.
- Property inspection ordered by Buyer.
- Copy of inspection to Buyer and Seller, Buyer must provide Seller with repairpriority list.
- Appraisal ordered by Lender.
- Appraisal complete. The appraisal may have lender-required repairs.
- Seller orders repair work with priority to lender-required repairs, and then buyer inspects repairs.
- Repairs completed and approved by Lender and Buyer.
- Lender approval of Buyer.
- Attorney to order title insurance and survey.
- Survey approved by Title Company.
- Closing date set.
- Buyer arranges insurance for home. Provides this information to Lender
- Confirm closing figures with Attorney. Buyer must bring cashier's check or certified funds to close.
- Pre-closing walk through conducted by Buyer
- Check must be made out to Attorney’s Trust Account.
- Close transaction.
Buyer's Checklist for Purchase:
- Contract signed
- Initial deposit paid
- Attorney Review complete
- Begin Mortgage Application process
- Home inspection scheduled
- Additional deposit paid
- Negotiate home inspection issues
- Obtain Mortgage Commitment
- Attorney to order title and survey
- Schedule closing
- Obtain final figures and certified funds for closing
- Do final walkthrough
- Attend closing, sign mortgage documents and receive keys
- Have utilities transferred
- Deed and Final Title Policy to be received about 3-6 months after closing.
Seller's Checklist for Sale:
- Contract signed
- Attorney Review complete
- Initial deposit received
- Buyer completes home inspection
- Additional deposit received
- Home inspection issues resolved
- Provide back title and survey to our office
- Mortgage commitment received
- Title received and reviewed by attorney
- Payoff information provided to attorney for all mortgages and equity lines
- Freeze any equity lines
- Make sure smoke detectors, CO detectors and fire extinguisher properly installed and operating
- Get Certificate of Occupancy/Smoke Inspection from township
- Order final water reading
- House in broom clean condition for walkthrough
- Transfer utilities
- Leave any extra keys, garage door openers, booklets in the house
