The Pros and Cons of Buying an “As-Is” Home

When, for whatever reason, sellers are unable to make repairs or renovations on a property before putting it up for sale, they often designate it “as-is.” Perhaps they are in a rush to sell the home as quickly as possible. Perhaps they are ill or elderly and do not have the energy to organize repairs […]

Five Required Disclosures When Selling Property

When you are selling real estate in Illinois, you are required to disclose certain information to the buyer. This allows them to make a fully informed decision about whether or not they want to proceed with purchasing the property. Wrongfully withholding information can result in being sued by the buyer and you could be responsible […]

4 Things You Can Do to Avoid Foreclosure

Falling behind on your mortgage payments is obviously something that should be avoided if at all possible. If you are already past-due and are either in the foreclosure process or at risk of it happening, don’t give up hope. Millions of people have been able to fix their financial situation and keep their home by […]

5 Legal Documents You Can Expect to Sign at Closing

Whether you’re buying or selling property, you’re going to be doing a lot of signing at the closing. It can be overwhelming to be presented with so many papers to sign, especially if you aren’t completely clear on what all of them mean. It’s a good idea to request copies of the documents you’ll be […]

Understanding Easements

In 2018, a Michigan man shot his neighbor to death while she used a snowplow to clear snow from the driveway the two neighbors shared as an easement. There had reportedly been problems between the two families over the driveway easement prior to the murder, and police had been called to the homes several times […]

6 Reasons the Due Diligence Period Is Important in a Real Estate Sale

If you’re buying property, due diligence is one of the most important parts of the purchase process. That’s true whether you’re purchasing a home or some type of commercial property, such as a unit of rental apartments or a business downtown that you plan to turn into a cozy Italian restaurant. You need to know […]

Ready to Sell? Take These 10 Steps to Get Started

If you’re looking to sell your home, whether it is a place you’ve outgrown or it has become too big, there are some things you should do before that first open house to make sure it sells. Don’t store the clutter in your closets. Closets are one of your home’s biggest selling points, and buyers […]

10 Essential Elements of a Real Estate Sales Contract

If you’re looking for a home or a business space in the Chicago area, the search alone can be daunting. Should you take a risk on a foreclosure and buy the property to flip, or do you hear the siren song of myriad windows and hardwood floors that makes the great room of another property […]

6 Tips for Negotiating the Sale of Your Property

Selling your home is one of the most important financial transactions you will ever make in your lifetime.  Your goal is to get the most money possible from the sale without having to sacrifice high-end expenses such as kitchen and bathroom upgrades you’ve put in to boost the sale price. In your eagerness to sell, […]

4 Reasons It’s Important to Have a Home Inspection

Buying a new home is an exciting event. However, you can get so caught up in the negotiations, paperwork, and financial arrangements that scheduling a home inspection may be an afterthought. A home inspection is a visual examination of a property’s structure, mechanicals,  and components to confirm that all is in proper and safe working […]