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REAL ESTATE

Residential

If you are buying or selling a home, chances are you already have a realtor to assist you. When you have (signed) a residential real estate contract and deposited earnest money, it is advisable you promptly seek the assistance of an effective Real Estate attorney from the Law Offices of Edward P. Graham, Ltd. Most real estate contracts provide a brief modification period for attorneys to negotiate and adjust contract provisions other than the selling price. Careful review of the contract terms is essential to avoid certain contingencies or commitments that create extraordinary risks. Since the purchase or sale of your home is a major transaction, you should contact one of our real estate attorneys to assist you with all the important details including title aspects, mortgage origination and payoff, surveys, inspections and repairs, disclosure of known defects, real estate tax prorations, in addition to warranty analysis in new home construction contracts.

The Law Offices of Edward P. Graham, Ltd. located in Naperville, IL is a leader in handling residential sale and purchase transactions. Our highly skilled legal and paralegal staff has assisted many clients with their transactions in an efficient and professional manner. Among our services for “seller” clients, we handle the preparation of all closing documents. We will also order and obtain title insurance and surveys, as required. For our “buyer” clients, we will guide you through any lender issues both before and at closing, and also review all closing documentation to ensure clear and marketable title is received.

Commercial

Whether you or your business is buying, selling, leasing or exchanging commercial realty, you should seek professional legal advice early in the process before you sign a binding document that limits your options or commits you to undesirable consequences.

If you are a first-time commercial property owner or already own commercial property and intend to acquire a commercial or industrial site, the Law Offices of Edward P. Graham, Ltd. located in Naperville, IL can help you by drafting a customized lease, an application form for evaluating the credit-worthiness and desirability of potential tenants, and a list of rules and regulations governing usage of your rental property by the tenants and their guests.

Do not underestimate the potential tax consequences of a contemplated sale of commercial real estate. Current federal tax laws provide incentives to structure a transaction so as to defer taxation on the gain realized.

 

How the tax reform affects real estate

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