Questions About Buying A Home? Find Your Answers Here.
Whether purchasing your first home or making a living investing in residential property, you are likely to have a wealth of questions on your mind. Thankfully, the attorneys at Law Office of Van-Lear P. Eckert, PC, are ready to address your property questions and confidently guide you through your transaction. Our attorneys are well-practiced with all real estate transactions and are eager to help Southern Illinois families find their homes.
Most Frequently Asked Questions
What is a contract of sale?
The most important document in a real estate transaction is the agreement to buy and sell property. The contract sets out the responsibilities of the buyer and seller.
What is a deed?
A deed is a legal document that transfers property between parties. This is one of the most important documents in a residential or commercial real estate transaction.
What does a real estate attorney do?
Real estate attorneys perform many functions like drafting contracts, negotiating terms, protecting clients’ rights, communicating important information to clients, and saving their clients a lot of time doing paperwork.
How are real estate disputes resolved?
Real estate disputes can sometimes occur during transactions. When a party is in violation of an agreed-upon term, we can take legal action to resolve the dispute and secure compensation. We will first attempt to negotiate through the dispute, but some violations may require aggressive litigation.
What fees can I expect to pay?
Buying a house always costs more than the list price. Various fees and costs will be negotiated alongside terms and conditions, so who pays what may vary. Extraneous fees include real estate broker commissions, comprehensive homeowner’s and disaster insurance, title insurance, realty tax, application fees, taxes, and the attorney’s commission and cost of materials.
Am I at risk of foreclosure?
We help all our clients understand the risks and expectations of a real estate transaction. We do extensive preparation to make sure the terms of the transaction are feasible and ensure all parties receive the payments they require. However, things can change. If foreclosure becomes a possibility, we help our clients explore viable options.
Do I have to worry about zoning?
Most zoning questions are resolved before the transaction begins, so you will likely not have to worry about it. However, purchasers who plan to make significant alterations to their property may run into zoning issues. In these cases, we can help with the complex paperwork and demanding deadlines.
Find The Answers To Your Questions Today
There are plenty of other questions that we are happy to answer. Schedule a free initial consultation with our online contact form. If you are looking to purchase or sell your home, you can call Law Office of Van-Lear P. Eckert, PC, in Belleville at 618-767-5539 to speak with one of our attorneys today.