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...
While home inspections help avoid buying a home with defects, a final walkthrough allows you to confirm the home is in the same condition as it was when you signed the contract. Here’s how to prepare for your final walkthrough so nothing is missed. Don’t Pass...
Many home buyers are thrilled to find an opportunity to own a newly remodeled home. After all, the home has everything they dreamed of: new kitchen, spa bathroom, an addition for a larger family room, or even an in-law suite in the basement. Not only...
Homebuyers face a barrage of paperwork including a detailed contract with the sellers. Contracts can be confusing without input from a real estate attorney to help ensure you understand the terms and language. A home buying contract is especially important as it is the document...
Buying or selling a home is exciting but also opens home buyers and sellers up to possible legal issues. The binding nature of contracts becomes very meaningful during the real estate process. Because of this, home buyers and sellers should understand what a breach of...
