Chicago Real Estate Guide for Buying
Smooth the Way
Questions - Call me at 312.810.6693 or email tedsoldit@gmail.comContact Info – If you leave town, be sure to leave contact information in case an
issue develops while you are gone.
Immediately upon having a signed contract:
Retain an Attorney: Your attorney will assist with all legal issues – reviewing
documents, negotiating with seller’s attorney (if necessary) and advising you at
the closing. Some attorney references are:
| Joseph Kosteck | (815)806-2950 | (708)237-1200 |
| J. Michael Collins | (312)419-2880 | (312)896-9488 |
| Leslie Fineberg | (312)404-2831 | |
| Lloyd Gussis | (773)525-8036 | (773)975-0944 |
| William Kabaker | (312)552-8118 | (312)552-9001 |
| Bernard Kirsner | (312)565-2775 | |
| Louis Levinson | (312)346-8465 | (312)346-8469 |
| Kent Novit | (312)332-2407 | (312)332-6452 |
| Samuel Tamkin | (312)930-9370 | (312)930-9390 |
Home Inspector may save you unnecessary expenses later. I recommend an
inspection ASAP to allow time for review if necessary. Some Home Inspector
references are:
| Metrospect | Rob Packer | (847)417-8937 |
| Inspectrum | Julio Neira/WardRinehart | (773)929-9889 |
| Household Inspection | Jeff Kaplan | (773)388-9000 |
| ACCUspect Home Inspection | (847)673-9200 |
Mortgage: It is imperative that you have a mortgage commitment by date
indicated on your contract. If you have been pre-approved most of your work has
been done (application and supporting documents). The lender will need a copy
of your contract and he will order an appraisal prior to sending the paperwork for
final approval.
Homeowner Association: If you are purchasing a condo or townhome,
always obtain and read the building’s declaration, bi-laws, budget and rules
and regulations. Also, there may be paperwork and/or an interview required.
Typically this should be done 30 days prior to closing.
Utilities: Be sure to order your utilities (TV, phone, gas, electric, etc) well in
advance of closing so if there are any problems they can be dealt with while the
current owners are still in the property.
Walk-Thru: A walk-thru should be scheduled just prior to closing. The purpose
of the walk-thru is to be sure the home is left in good condition and that all
required repairs were completed.
Dates to Remember: | |
| Inspection | _______________ |
| Attorney Approval | _______________ |
| Balance of Earnest Money | _______________ |
| Mortgage Commitment | _______________ |
| Closing | _______________ |