The term “as is” means the property is being sold in its current condition - exactly the way it exists. Right? Wrong - that is real estate fiction! The “as is” clause in a real estate contract isn’t quite as literal as it sounds. In today’s blog,...
It is not a very common occurrence, thankfully, although it happens. Is it allowed? Does it come with repercussions? It absolutely can! First, it’s important to note that if you’re a buyer, and you get cold feet, the best time to back out of a deal...
The time has arrived to give your home the makeover you’ve always fantasized about. As anyone will tell you, getting from point A to point Z requires time, patience, and of course money. Choosing a general contractor is the most important decision because you are...
In a perfect world, a real estate transaction goes off without a hitch, and both the seller and buyer conclude business feeling content. In the real real estate world, this doesn’t always happen. You can always expect a few bumps along the way, but when one...
Getting to the finish line of the sale of your home can feel quite exhausting - especially if something goes wrong, like the buyer violating terms of the contract. When a home buyer makes a decision to put their signature on a residential real estate contract,...
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...
