Welcome to New Century Real Estate, your source for Round Lake Area real estate. In today's competitive real estate market, timing is everything.  Many good homes are sold before they are ever advertised. Beat other homebuyers to the hottest new homes for sale in Round Lake Area with my New Listings Notification.   If you own real estate that you're thinking of selling, I would be happy to provide you with a Complimentary Market Analysis.

Whether you are buying or selling a home, hire someone like me, who wants to earn your business. I invite you to contact me as I'd be happy to assist you with this important transaction. In addition, if you have any general questions about buying or selling real estate in Illinois, please contact me as I'm more than willing to help. Please browse my website for listings, reports and important local real estate information. Sincerely, Elona Hamilton New Century Real Estate  “It is illegal to discriminate against any person because of race, color, religion, sex, handicap, familial status, or national origin.”

The Closing Process

Once you have found the home you want to buy, there are several additional steps you need to take to close the sale after the purchase and sale agreements have been signed.

Step 1     Contingency removal: The most common contingencies are inspection, financing and the sale of your current home. These conditions must be removed or waived in writing before the sale on your new home can close.

Step 2     Appraisal and title report: Your lender requires a formal appraisal to confirm the value of the home you’re buying, to use as collateral to secure the loan. The title report ensures that the seller has clear title to the property and has the right to transfer ownership to you.

Step 3     Prepare closing documents: Escrow service companies or real estate attorneys prepare documents that confirm the transaction, prorate funds, etc.

Step 4     Signing of closing documents: Although both parties may have signed closing documents and deposited funds, the sale actually closes when the deed is recorded and the proceeds are available to the seller.

Step 5     Signed documents go to the lender for final review.

Step 6     The deed is recorded and funds disbursed.

Step 7     The seller receives the proceeds and the moving van arrives.

Step 8     You get the keys to your new home!

There are many opportunities for surprises or delays in a transaction. Part of my expertise is in troubleshooting problems that arise in the closing process, including anticipating and preparing for potential problems before they arise.

Please email or call me any time if you have questions or would like more information about the closing process.

Cell: 224-715-8248

Fax: 847-543-8383

Elona_Hamilton@hotmail.com

New Century Real Estate