Real Estate Closings
The sale and purchase of homes and business properties are typically the largest transactions most people encounter in their lifetime, and a successful real estate transaction requires preparation and diligence. Each real estate transaction involves the negotiation of a contract and any contractual misstep can delay the transaction and even impact your financial well-being for years to follow. This contract is essentially a binding document that outlines your responsibilities, which may include your rights and responsibilities as a landlord, tenant, buyer or seller.
With over 15 years of experience representing purchasers, sellers, mortgage lenders, landlords and tenants throughout Arlington Heights, Mt. Prospect, Rolling Meadows, Wheeling, Palatine, Buffalo Grove, Elk Grove Village, Schaumburg, Hoffman Estates, Libertyville, Barrington, Vernon Hills, Waukegan, Gurnee, and Chicago, including Cook County, Lake County, DuPage County, Kane County and McHenry County, Illinois, Jutla Legal’s real estate transaction services are innovative, robust and second to none. Aligning yourself with a firm that is well-versed in real estate law will surely prove to be beneficial for years to follow.
Jutla Legal brings the same degree of professionalism and commitment to every real estate transaction whether you are first time homebuyer or experienced investor. We review all documents and negotiate on your behalf with the other party's attorney whilst protecting your interests and keeping with the strict timeline that you require.Identifying and Addressing Complex Issues
In a real estate deal, both the seller and the buyer have many obligations that must be fulfilled prior to closing. While a real estate transaction may appear to be straightforward and even simple to the untrained eye, there are many factors that can easily become obstacles and work against you. Our goal in every real estate closing is to help you get through the process efficiently and effectively, allowing you to fully enjoy your new home. In addition to negotiating and communicating with the other party on your behalf, we also work with local municipalities, lenders, homeowners associations, title companies, and the county tax assessor to further protect your investment. We thoroughly examine every detail that is of importance to your closing regardless of the transaction size or designated use of the property and provide many services including:
Contract Negotiations & Closing Documents: A real estate contract sets forth the parties’ specific obligation to each other and is often complex and difficult to understand. To the untrained eye things may appear to progress smoothly but the slightest action or inaction can become a costly mistake. Your contract will certainly require revisions or amendments and, as such, you will need the services of an experienced real estate transactional attorney to negotiate, review, or draft these amendments. We will prepare and explain all documents in connection with your transaction so that you understand what your rights and obligations are.
Inspection Issues: Depending on the type of property and features of certain loans, your property may require more than one inspection. We will carefully review the inspection report with you so that we can understand and address the matters that are important to you.
Title Related Services: Real estate lawyers perform title research. Title is the system for keeping track of land and real property ownership. The title history of a piece of property is about more than just who has bought and sold the property. The title history should also detail the type of ownership interest that was bought and sold, any easements, any liens, or any other encumbrances on the property. Our research involves meticulously tracing the title of the property back through all of the previous owners to make sure that all title encumbrances and defects are properly disclosed. Jutla Legal will work hard to ensure you are conveying or receiving clear title. If a problem with the title is not properly resolved it could jeopardize your ownership interest in the property you purchased or make it difficult for you to sell the property in the future.
Real Estate Document Services: We can help negotiate, draft, and review key documents including sales contracts, titles commitments, affidavit of title, settlement statements, deeds, mortgage and much more. Real estate closings may appear to be simple however it is always wise have an experienced real estate lawyer review your contract to ensure that there are no hidden or unexpected surprises in the documents that could place you at a disadvantage later on.
Deed Preparation: A deed is a written instrument that conveys title to real property such as a General Warranty Deed, Special Warranty Deed, Trustee’s Deed, or a Quit Claim Deed to name just a few. Jutla Legal will make sure that the proper type of deed will be issued at closing as each deed offers its unique set of protections.
Lender Loan Document Review: If you are working with a bank or mortgage lender, we will examine your loan documents which can help you avoid future problems. A mortgage is a type of loan contract that is secured by real estate, and a promissory note is your written promise to repay the loan and it is important that you understand each instrument in detail.Contact Jutla Legal for Your Next Real Estate Purchase or Sale
If you are contemplating a future real estate transaction, or are in the middle of one that doesn’t seem quite right, give us a call and we will gladly provide you with sound legal advice that is based on years of real estate law experience. We can help you understand the particulars of your real estate transaction, ideally before you are legally bound by an agreement.
To schedule a consultation or inquire further about how we may assist you with your real estate closings or litigation needs in the Chicago Metropolitan area, including Arlington Heights, call Jutla Legal, LLC, at 847-305-3034 or contact us online.
Jutla Legal’s real estate transaction, and real estate litigation services extend through Arlington Heights, Mt. Prospect, Rolling Meadows, Wheeling, Palatine, Buffalo Grove, Elk Grove Village, Schaumburg, Hoffman Estates, Libertyville, Barrington, Vernon Hills, Waukegan, Gurnee, and Chicago, including Cook County, Lake County, DuPage County, Kane County and McHenry County, Illinois.