DuPage County Real Estate Closings Lawyers

Residential And Commercial Real Estate Closing Attorneys In Wheaton, Illinois

A commercial or residential real estate closing is a critical time in the life of your family or business, whether you are a buyer or a seller. Although the contracts have been drafted and basic agreements have been made, there are almost inevitably last-minute "changes" that a party tries to implement, or a disagreement that emerged for the first time at the closing itself. Sometimes there is a simple misunderstanding that can be cleared up with a few words of advice and clarification, sometimes the documents can be amended at that particular point. The closing may need to be rescheduled or even called off entirely in some cases.

You can trust the attorneys at the Law Offices of Salvatore C. Miglore & Associates for the appropriate response to problems at a closing. Typically, everyone wants the sale to go through, and we can build on that common ground to find mutually satisfactory solutions. At the same time, we always advise our clients that decisions made in the spirit of cooperation at the spur of the moment can lead to serious negative consequences. Our DuPage County real estate attorneys do their best to help ensure the closing is a good experience and has lasting positive consequences for your family or business.

Although it may take weeks, months or even longer to find the right piece of property or a properly-qualified buyer, things happen quickly once the two parties get together. In a residential real estate closing, an attorney can review key provisions of important documents, including:

• Purchase price,
• Mortgage contingency clause,
• Inspection,
• Property description,
• Disclosures, and
• Default provisions.

The standard agreements that go back and forth were drafted by legal and real estate professionals for the benefit of other professionals, so it is important to have an advocate who can walk you through the process and is always on your side.

A successful commercial closing also requires a deliberate approach. An effective strategy is more than a goal to purchase property at a fair price. Your plan should include:

• Due Diligence: This concept means more than examining a deal and looking at other options. Before answering questions with a "yes" or "no," your attorney must know the right questions to ask.
• Risk Reduction: In addition to a solid understanding of the applicable law and the interests of the different parties, a good title insurance policy can be a very effective tool in minimizing risk. 
• Third Parties: The buyer and seller may have a deadline, but inspectors, government investigators and other entities are often unmotivated. A well-timed phone call or persuasive e-mail is often the solution.

We believe that a measured approach is best. Our DuPage County real estate attorneys do not rush through the process or take shortcuts, and your best interest is our only priority.

A key to a successful real estate closing is an experienced attorney. For a free consultation with an aggressive and understanding advocate, contact the Law Offices of Salvatore C. Miglore & Associates at (630) 933-8400 for a free consultation. We provide real estate closing legal representation in Cook, DuPage, Kendall, Will, Lake, McHenry, DeKalb and Kane Counties.