Although post-closing possession agreements are necessary at times, your real estate attorney (especially this one!) should advise you to avoid them! This scenario occurs when after closing, the seller stays in possession of the property and rents it back from the buyer. Both buyers and...
In a sellers’ market, you have the luxury of picking the best buyer. Leveraging your home’s appeal when inventory is slim allows you to look at offers carefully as they come in and accept the offer that best suits your needs. In this blog post, we...
There is an old adage that good fences make good neighbors. When it comes to the law, nothing could be truer. Issues related to real estate boundaries can be very stressful if you have a less than friendly neighbor. Although there are some simple issues...
When a buyer makes an offer on your home, they put down what is called “earnest money.” This money shows the buyer is in “earnest” or serious in wanting to purchase your house. That money is also intended to stop buyers from going around town...
It used to be a buyer beware situation when buying a home in Illinois. However, in 1994 new laws were introduced switching the onus on the seller to disclose information about known defects. This helps protect the buyers from possible issues with the condition of...
On the surface, knowing whether you own a property seems pretty simple. In theory, it is, although real estate transactions are technical and detail-oriented. One of those elements is a property deed, which transfers and confirms ownership in real estate. It includes details such as...
Home insurance protects against financial losses due to theft or damage in the home or to property. It also covers liability related to an injury that might occur on your property. When you purchase a home in Illinois, mortgage lenders require you to acquire home...
You put your home on the market and then boom, the moment of truth arrives in the form of a buyer offer. Receiving your first offer when selling your home in Illinois is always exciting. However, it can also easily become stressful if things are not...
Nothing is worse than buying a home only to find water damage when you move in. Once the home buyer takes possession, is there any action they can take to remedy the situation? Whether you discover water damage immediately or years later, if the damage...
Selling a home is a big step in your life’s journey. It is a time to celebrate, yet there are many unexpected issues that can arise even after you accept an offer. Among the most common issues that can derail a home seller’s closing involve...
