Michael E. Byczek
Attorney

Closing Services for Buyers and Sellers

Not all of the following items apply to every transaction. The following packages are for residential properties. Commercial options are also available. Actual cost of transfer taxes, title insurance, and other documents are additional to legal fees. The seller/buyer is required to pay these third-party costs at the appropriate time. Michael E. Byczek does not hold earnest money.

Consultation for Sellers

Assistance with the documents necessary to complete the closing (compared to full legal representation).

• Review contract prepared by seller's real estate agent or buyer
• Negotiate contract modifications
• Prepare or review bill of sale for personal property
• Advice on property, lead-paint, and radon disclosures
• Calculate prorations (real estate tax, utilities, etc)
• Review and negotiate title defects
• Letter waiving right of first refusal (condominiums)
• Paid assessment letter (condominiums)
• Assignment of tenant lease agreements to the buyer
• Prepare the warranty deed and notary conveyance
• Instructions for transfer tax declarations for city, county, and state
• Instructions for zoning compliance and water certificate
• Prepare closing statement, tax transfer, and other documents
• Instructions on how to complete the closing

Consultation for Buyers

Assistance with the documents necessary to complete the closing (compared to full legal representation).

• Review sales contract prepared by the seller
• Propose and/or negotiate contractual modifications
• Prepare or review bill of sale for personal property
• Review disclosure statements provided by the seller
• Advise on various ways to hold title to property
• Review condominium declaration, by-laws, rules and regulations
• Condominium disclosures, liens, judgments, construction, association finances
• Review the title commitment and communicate with seller about defects
• Verify contractual contingencies were satisfied
• Examine tenant leases, rent deposits, and assignments
• Review closing statement and documents provided by seller
• Instructions on how to complete the steps for closing

Seller Representation

Full legal representation at the closing (compared to document assistance).

• Review contract prepared by seller's real estate agent or buyer
• Negotiate contract modifications
• Prepare or review bill of sale for personal property
• Advice on property, lead-paint, and radon disclosures
• Calculate prorations (real estate tax, utilities, etc)
• Place an order for title insurance documents and survey
• Review and negotiate title defects
• Obtain payoff letters for mortgage and other liens
• Letter waiving right of first refusal (condominiums)
• Paid assessment letter (condominiums)
• Prepare assignment of tenant lease agreements to the buyer
• Coordinate the time and location of closing
• Prepare the warranty deed and notary conveyance
• Complete transfer tax declarations for city, county, and state
• Obtain zoning compliance and water certificate
• Prepare closing statement, tax transfer, and other documents
• Communicate with the parties to verify steps have been completed
• Attend closing (it is advised that all sellers attend, if possible)
• Forward canceled loan documents
• Verify that mortgage releases were properly recorded by the bank

Buyer Representation

Full legal representation at the closing (compared to document assistance).

• Review sales contract prepared by the seller
• Propose and/or negotiate contractual modifications
• Prepare or review bill of sale for personal property
• Review disclosure statements provided by the seller
• Advise on various ways to hold title to property
• Review condominium declaration, by-laws, rules and regulations
• Condominium disclosures, liens, judgments, construction, association finances
• Review the title commitment and communicate with seller about defects
• Coordinate the time and location of closing
• Verify contractual contingencies were satisfied
• Examine tenant leases, rent deposits, and assignments
• Review closing statement and documents provided by seller
• Communicate with the parties to verify steps have been completed
• Attend closing (It is advised that all buyers also attend, if possible)
• Submit the deed and other documents to the County Recorder
• Verify that deed was property recorded
• Return original deed and other documents to the buyer
• Verify that mortgage releases were properly recorded by bank

Main Page   Real Estate