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...
Knowing when to sell your home is never easy. Unless you have reasons to sell, such as a growing family, relocating for a new job, downsizing, divorce, etc. you might feel uncertain if selling is right. If you’ve been sitting on the fence trying to...
Homeownership in Illinois comes with an often-confusing residential real estate tax. It’s important to understand how property taxes work as a homeowner. In fact, paying taxes on residential property taxes in Illinois is something that’s done based on the past rather than the future. Here...
Mortgages are long-term loans secured by real estate and include the principal amount you borrowed against the home as well as interest charged by the lender. Where many people get confused is how much they end up paying in interest over the life of the...
Title insurance is something people don’t usually hear about until they decide to buy a home. It’s a unique type of insurance because unlike most policies where you pay to protect against incidences that will happen in the future, your title insurance policy actually protects...
Title insurance protects homeowners and/or mortgage lenders when legal ownership of a property or home is questioned. Although you might think this is unnecessary, disputes over title ownership do come up even after you purchase residential real estate. With a title insurance policy in place,...
When it’s time to sell a home, sellers are often unsure of the line separating personal and real property. Items like beds and tables go with you, but what about appliances, ceiling fans, or light fixtures? Your real estate agent will draw up a contract...
The size and scope of a real estate transaction should not be underestimated. As we’ve noted before, buying or selling a home is one of the most consequential decisions you’ll make in your life, so getting it right is critical. When you sell, the goal...
As the COVID-19 pandemic continues to threaten and disrupt everyday life, we search for the silver linings, and we’ve identified a helpful one for you: If you’re a homeowner looking to cash in on a lower mortgage refinancing rate, now is a good time. At...
