Protecting Yourself & Your Investment: Buying A Home Out Of Wedlock

In 2019, Business Insider published an article stating, “Marriage is also taking a backseat as homeownership takes on more significance in millennials’ lives…homeownership is more important than other major life goals and events, like getting married and having children.” Several factors are at play here, such as marriage rates declining and rent prices increasing steadily. […]

A Breakdown Of Closing Costs

Getting our clients to the closing table is one of the more rewarding elements of serving as an attorney involved in real estate transactions. The process begins when potential homebuyers visit an open house and envision the lives they can build there. Dreams turn into reality when their offer is accepted. Though that is a […]

Breaking Down The Illinois Residential Property Disclosure Act

Sellers should know this when they put their home on the market, but it can give buyers peace of mind. During the due diligence period, buyers are given enough time to inspect the property to understand potential issues with the home they intend to purchase. Anyone who has gone through this will attest to how […]

What It Means To Refinance Your Home

Regardless of how much the interest rates fluctuate, people will continue to buy and sell homes. Our previous blog explained how interest rates directly affect home values. As interest rates increase, home values decrease because consumers have to commit more of their monthly budget to pay interest. Some buyers may hesitate to enter the housing […]

Airbnb Considerations

When you go to Airbnb’s website, you will see that they strongly recommend that you understand the laws that apply to your “…city, county, state, province, territory, and/or country (your ‘jurisdiction’).” They also specifically state that they do not offer legal advice. With that said, it is crucial to understand that even though you may […]

Condominium Owners Deserve Well-Written By-Laws

Condominiums appeal to many homebuyers. Younger people may gravitate toward them because condos could be less expensive than a house; others simply enjoy that they aren’t entirely responsible for the repairs and upkeep associated with the property’s exterior. The latter comes at a cost that will materialize through a Homeowners’ Association’s (HOA) monthly dues and […]

The Relationship Between Interest Rates & Home Values

Whenever the topic of buying homes comes up, someone in the conversation will likely talk about interest rates. Don’t be upset or hard on yourself if you aren’t aware of why and how interest rates impact the real estate market. Some people have bought several homes and can’t fully articulate how these two things correlate.  […]

Discovering An Encroachment On Your Land

In the past, we discussed what encumbrances are and how they can surface during your due diligence period. We went over liens, easements, deed restrictions, and licensing issues. These are things that you should discuss with your attorney during the home-buying process, and it highlights the importance of having legal counsel. One of the things […]

Can I Sell A Home That Is In Probate?

Not only do hundreds of thousands (or perhaps millions) of homes pass through probate each year, but investors are drawn to them. They appeal to real estate agents and buyers because there may be little or no competition around acquiring them. During a time when open houses come equipped with long lines of buyers willing […]

Common Obstacles That Will Prevent You From Closing

Buyers and sellers want to get to the closing table. Buyers may be eager to move in before their child’s school year starts. Sellers could be in the process of buying another home that is contingent on the sale of their previous one. If you have ever been through this, you may remember how stressful […]