Why You Need Real Estate Closing Attorneys in Peoria IL
Buying or selling property is a complicated process that can be simplified with the help of real estate closing attorneys in Peoria IL. Finalizing a real estate transaction can provide you with feelings of exhilaration. After all, it took a lot of work to find the right property, get an inspection and appraisal, negotiate a fair price, and agree to terms. The real estate closing represents the final step. However, that is one of the most complicated stages of any real estate deal. For that reason, you need real estate closing attorneys to make sure the process goes smoothly, and the deal gets finalized. Real estate attorneys from Essig Law Office use a combined 40 years of experience to benefit you. Contact us today to request a consultation for your real estate transaction.
What Are Real Estate Closing Attorneys?
Real estate closing attorneys are responsible for overseeing and organizing the closing of a real estate deal. Plus, they prepare all the contracts and necessary legal documents involved in the real estate sale process. Furthermore, closing attorneys handle several duties. Most importantly, they ensure that the process goes without problems and the sale gets finalized. So, consult with Essig Law real estate closing attorneys in Peoria IL for assistance with real estate transactions.
What to Expect with Real Estate Closing Attorneys
As mentioned previously, several duties that are vital to the buying and selling of property or land are handled by real estate closing attorneys. Here are services provided by Essig Law real estate closing attorneys:
- Preparation of Closing Documents – Real estate closing attorneys draft the initial contract for the property sale for property sellers. Meanwhile, attorneys representing buyers negotiate for additional terms to be included in the contract. Most importantly, the real estate closing attorneys work out all the necessary information to draft the final closing paperwork. Their services work to complete the sale.
- Title Searches – Real estate closing attorneys also perform title searches. They discover whether a property title has any liens, easements, problems with the chain of title. This lets buyers know that they are not purchasing property with unexpected encumbrances.
- Title Insurance – Next, real estate closing attorneys present their legal opinion of the title to a title company. This helps to gain title insurance for the buyer. Essentially, an presents a case that the title is “free and clear” or if it has issues that need to get sorted before the deal gets finalized.
- Information Gathering – Real estate closing attorneys also gather information during the sale process. The information they gather include homeowner insurance policies, any homeowner association dues, home inspection reports, and home warranty information.
- Closing Date Coordination – Another vital role served by real estate closing attorneys is communicating with all parties involved in the real estate deal. As a result, a closing attorney will organize and coordinate the closing date location, time, and date. In addition, they will let the parties know what funds are needed to prepare for closing day.
- Closing Document Review – Real estate closing attorneys can explain all the legal language contained within the closing documents to buyers and sellers to simplify the closing process.
- Fund Distribution – Once the deal gets finalized, real estate closing attorneys are also responsible for disbursing funds to the correct parties.
Contact Our Real Estate Closing Attorneys in Peoria IL
You can receive several critical legal services that are necessary in a sale with assistance from Essig Law real estate closing attorneys. Our lawyers have a combined 40 years of experience in real estate law practice in Peoria County IL, Tazewell County IL, and Woodford County IL. Contact us online or call 309-354-9838 to request a consultation. We provide qualified legal services concerning your real estate deal.