Real estate closing day should be a celebration – the final step in buying or selling your Illinois home. Unfortunately, many find this day less than celebratory, as they are forced to engage in a last-minute scramble when unexpected issues arise.
According to the National Association of REALTORS, approximately 6 percent of contracts are terminated during closing, 14 percent of closings are delayed, and of those delayed, half are due to appraisal issues. Having a problem at closing can ruin your day and possibly even your real estate deal.
From title issues to missing documents, unexpected repair problems, or financing glitches, what can go wrong often does when details are overlooked. When you have an experienced Round Lake, IL real estate lawyer by your side throughout the process, you can avoid unpleasant closing day disasters.