Dolton IL - check list of realestate transfer

Dolton IL - check list of realestate transfer

Member since 2022 · 20 posts · 9 votes

Hi,

I just got the check list from my lawyer and amazed does anyone passed the process and survived the process?is their a way to bypass process?

I need help first time for me.

regards,

Ben

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  • Honolulu, HI · Member since 2008 · 3k+ posts · 2k+ votes
    3y

    Aloha,

    Maybe if you posted the list you could get some response...but for a self proclaimed "first timer" it probably would be best to NOT bypass what your Attorney recommends...

  • Real Estate Broker · 3412 S. Harlem Avenue Riverside, IL 60546 · Member since 2015 · 6k+ posts · 5k+ votes
    3y

    @Ben Grubner for a lot of the south and southwest suburbs there is a pretty intense process to close. When we list properties in these neighborhoods, my team and I handle the process for the most part.  Dolton's is pretty simple actually despite the length of their checklist. The seller has to do an inspection, and then the buyer (if taking "as is") has to fill out a form and show up at the town hall to sign and pay. You have four months to finish the repairs. 

  • Member since 2022 · 31 posts · 36 votes
    3y

    Hey Ben,

    If I am understanding your question correctly, this would be a rough outline of the steps your attorney told you needed to be followed. Let me know if this sounds correct:

    1. Prepare the Property for Sale:
    2. Property Valuation:
    3. Listing the Property:
    4. Negotiate with Buyers:
    5. Enter into a Purchase Agreement:
    6. Property Inspection:
    7. Remedy any Identified Issues:
    8. Title Search and Insurance:
    9. Close the Sale:
    10. Fulfill all Legal and Tax Obligations:

    I have never sold a property and I have bought several and I do not really know a way to bypass these steps. Real estate is a great business, the best in the world in my opinion, but it requires grit and working through a lot of things that are not everyons favorite.  If you're lucky sometimes a buyer will bypass some of these steps (for example, they may waive an inspection to make their offer more competitive.) This of course would bypass any need to remedy any issues identified as well.  


    Hope this is helpful.  By actively posting on BiggerPockets and asking insightful questions, you're already steering your path towards success in real estate – keep up this commendable work and continue pushing forward!


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