by Rob Dreger | Aug 19, 2020 | Construction, Contracts, Escrow, Real Estate
What does an escrow agent do? And what is a Construction Escrow Agreement? Most construction project finances are handled by a third party, typically a title company or a bank, which acts as fiduciary, receiving and approving all contractor payout requests. This third...
by Rob Dreger | Jun 7, 2019 | Construction, Contracts, Real Estate
Begin every project with the Construction Contract, which the wise person will negotiate and sign before any construction begins. Previously, I outlined the importance of having a signed construction contract and detailed construction paperwork for each of the three...
by Rob Dreger | Mar 1, 2019 | Real Estate
In this post, I take a closer look at what you as a Buyer can expect when you start to negotiate the Real Estate Contract terms with the Seller’s side. The Mortgage Contingency Provision When buying a new piece of real estate, it’s easy to get caught up in the...
by Rob Dreger | Feb 15, 2019 | Real Estate
Especially in the city of Chicago, real estate taxes are a concern. Another important consideration is the real estate tax proration. This proration is necessary because real estate taxes are billed by the county in arrears, meaning if you own a home, the tax bill you...
by Rob Dreger | Feb 1, 2019 | Real Estate, Residential
“Just because a home might seem perfect on the outside doesn’t mean it’s actually flawless.” In my last few posts, I guided you through the contract phase of buying residential real estate. Now I’d like to talk in more detail about the inspection process....
by Rob Dreger | Jan 15, 2019 | Choosing an Attorney, Real Estate, Residential
For the final post in my series on buying residential real estate, I will discuss the Attorney Approval phase. This is the last step in the 3 phase Negotiation Stage for the purchase of a new home. If you’ll recall, the Contract Negotiation phase and then the...
