Real Estate

Real Estate Closings

The turnaround time in a real estate transaction is our fundamental goal in representing our clients. If you are purchasing property, selling, or considering a refinance of your existing property, we strive to make it a pleasant experience by providing comprehensive and quality legal representation. Our goal is to personally respond to all your requests in a timely manner.

Our practice includes all types of real estate transactions including standard closings, construction loan closings, buyer and seller representation, contract preparation and consultation, and title insurance.

Please contact the Real Estate Department at 757-828-0031 ext.329 for more information.

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Purchases

The process simplified:

Once you have selected our firm to handle your closing, we will obtain a copy of the contract (usually from your agent), and obtain contact information for your mortgage company, and home insurance company. Shortly before the closing date, we will assemble the final settlement figures and inform you of the amount of funds needed for closing (typically to you 24-48 hours prior to closing). Once your final walk-through of the property is complete and no changes in the condition of the property are verified, we will conduct your closing.

Throughout the closing process, the Dickerson & Smith P.C. will perform the following:

  • Examine the title and advise you on whether the title to the property is marketable and/or insurable by a title company
  • Contact your lender to obtain loan documents and review the instructions from your lender and coordinate the closing process with them
  • Complete all contract and lender requirements
  • Have an attorney consult with you to review and sign all closing documents (conduct the “Closing”)
  • Coordinate the purchase of necessary title insurance coverage
  • Insure the recording of all required documents in the appropriate Circuit Court Clerk’s Office
  • Disburse all payments and fees to complete closing as required by your lender
  • Return your telephone calls throughout the closing process
  • Advocate for you in resolving any disputes

Please contact the Real Estate Department at 757-828-0031 ext.329 for more information.

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Sale of Your Property

If you are selling your property, or even just considering it, the following can help familiarize you with the basic process and terminology

Once you have a negotiated and executed a contract to sell, there are several important processes in completing the sale. First, the purchaser will usually want to have a home inspection and present you with items to be fixed. Once you have negotiated the items you agree to correct, you will need to get those items repaired or otherwise agree on some monetary credit for the buyer. Next, usually within 30 days of your closing date, you will need to have a termite company inspect the property and issue a report. If there are any termites or damage from termites, you must have that corrected if the contract requires it. As closing approaches, your attorney in our firm will review the title report on the property. If any title problems exist, we will help you in making the necessary corrections in order to convey clear and marketable title to the new purchaser. An attorney will prepare the deed and other legal documents to be signed by you and will arrange an appointment with you to close the sale. Finally, we will review the HUD statement (closing figures) with you, making sure that the closing proceeds promptly and thereafter dispersing proceeds from the sale in a timely manner as required by law. Please contact the Real Estate Department at 757-828-0031 ext.329 for more information.

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Homeowners

If you are selling your property, or even just considering it, the following can help familiarize you with the basic process and terminology

Once you have a negotiated and executed a contract to sell, there are several important processes in completing the sale. First, the purchaser will usually want to have a home inspection and present you with items to be fixed. Once you have negotiated the items you agree to correct, you will need to get those items repaired or otherwise agree on some monetary credit for the buyer. Next, usually within 30 days of your closing date, you will need to have a termite company inspect the property and issue a report. If there are any termites or damage from termites, you must have that corrected if the contract requires it. As closing approaches, your attorney in our firm will review the title report on the property. If any title problems exist, we will help you in making the necessary corrections in order to convey clear and marketable title to the new purchaser. An attorney will prepare the deed and other legal documents to be signed by you and will arrange an appointment with you to close the sale. Finally, we will review the HUD statement (closing figures) with you, making sure that the closing proceeds promptly and thereafter dispersing proceeds from the sale in a timely manner as required by law. Please contact the Real Estate Department at 757-828-0031 ext.329 for more information.

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For Sale By Owner

If you are buying or selling property without an agent, we can assist in assuring that all of the contract details are properly reviewed make necessary recommendations to insure you are able to close quickly and easily.

If you are selling your own real estate we can assist in preparing the a formal real estate purchase agreement and help you each step of the way through the process. In addition, if you are a buyer, we can provide contract review and other services to be sure your legal needs are met. Please contact the Real Estate Department at 757-828-0031 ext.329 for more information.

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Fees

Our attorney fees are competitive. We also offer special rates to repeat clients. We will be happy to provide you with our fee sheet for settlements, title search, and other fees upon request. Please contact the Real Estate Department at 757-828-0031 ext.329 for more information.

DISCLAIMER: Dickerson Smith Law Group has prepared this for informational purposes only and nothing contained in this site should be construed to be legal advice. Your use of this site is not intended to create, and does not constitute, a lawyer-client relationship between you and Dickerson Smith Law Group. You should never act upon this information without seeking legal counsel in the jurisdiction in which you reside or where you may have a cause of action. Dickerson & Smith Law Group does not warrant the accuracy or completeness of any other web site which the user may access through the Dickerson & Smith Law Group web site or which provides links to the Dickerson & Smith web site. The hiring of a lawyer is an important decision that should not be based upon informational advertisements. Before you make a decision, please request that we send you written information about our qualifications and experience. Listing of related or included practice areas herein does not constitute or imply a representation of certification of specialization. The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. Case results depend upon a variety of factors unique to each case. Indications of past case results are not a guarantee for a similar result in future cases.

For more information contact David D. Dickerson 115 S Lynnhaven Rd. Virginia Beach, VA 23452 757-828-0031.

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