Selling your Home
The Contract:

sale-house.jpgA real estate contract affords specific rights and responsibilities to seller, buyer, and usually to the real estate agent or broker.

The life of a residential real estate sale:
  • Owner decides to sell home
  • Contacts realtor to discuss sale and marketing
  • Agree on principles with agent
  • Retain attorney
  • Attorney reviews contract with listing agent
  • Enter into contract with listing agent
  • Realtor offers property for sale
Contract Formation:
  • Realtor presents offer to purchase
  • Seller reviews terms of contract and seller disclosures
  • Documents reviewed by attorney
  • Acceptance, further negotiations, or counter offer
  • Attorney approval
  • Earnest money depost
  • Home inspection
  • Financing
  • Attorney obtains title information from seller and lender information from buyer’s attorney
  • Attorney orders: title and survey, tax bill, condo documents, village inspection, zoning, water certification, termite inspection
  • Attorney clears title objections
  • Attorney obtains mortgage payoff letters
  • Attorney schedules closing with parties and title company
  • Attorney determines and prepares documents required
  • Attorney attends closing with client, explains closing documents to client, and acts as advocate for cient at closing table
For the most important financial transaction of your life…Call your lawyer!



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