Yes! You can absolutely sell your home even if it has a lien against it. In fact, selling your home can be a wise option to resolve the lien if it is significant. You are unlikely to get a typical buyer to purchase the property and...
Generally, yes! You can sell a home or other property that is in a trust. You will need to get advice on the specific terms of the trust in order to be sure that you can sell the home. It will also depend on whether...
An experienced real estate attorney makes all the difference! After all, it’s not whether you will have challenges during the closing process, it’s how you resolve them and achieve a successful result. Such an attorney not only guides their clients through the complex maze of property...
When inventory is tight, and there are a lot of buyers competing for homes, the risk for multiple offer scenarios increases. As a result, prices also increase. Buyers need to be ready to compete with not only the highest bid but the overall best offer and...
Property transactions can be confusing, especially when it comes to how much you owe once all expenses are considered. Some of the more confusing costs incurred during real estate transactions are property transfer taxes and recording fees. Both may be imposed when the title of...
A closing date requires a home seller to be moved out by the closing. Home sellers are required to have left the home no later than the completion of the closing. While this is written into most real estate agreements, it doesn't always work out...
As you may have already guessed, considering this blog post is written by a real estate attorney, the answer is yes! A real estate transaction is complex and can be difficult for buyers to navigate on their own. The consequences of not using a real estate...
Selling your home is a huge undertaking, and it comes with plenty of responsibility. It might be shocking to discover you could be responsible for paying capital gains tax! Capital gains tax is a fee paid to the government when an investment is sold at a...
Today, I’m turning things over to my colleague and guest blogger, Leah Jackson, Loan Originator and Residential Mortgage Lender for Amerifinancial Home Mortgage, Inc. She discusses why it’s best to work with a local lender. Realtor Relationships One of the biggest perks is that a local Realtor will...
There are many reasons you might decide to transfer property between family members. This involves the property title which has the names of all legal owners and the deed. In Illinois, a real property title applies to land, residential real estate, and commercial properties. You...
