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...
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...
