The decision to sell your home is a major one that needs to be taken seriously. As the seller, you have certain responsibilities when you’re preparing for the home sale process. For example, you’ll have to ensure that you highlight defects in the home that you’re...
Real Estate Law
How can you resolve an appraisal gap as a buyer?
Potential home buyers who have recently found their dream home may offer far more than what the property is worth. Lenders have to protect themselves from overzealous buyers when financing real estate transactions. One of the most common strategies for limiting the...
Has the deal for your new home been delayed?
You’ve been scanning the housing market for some time now. That dream home hasn’t jumped out of you, until now. You’ve discovered the perfect place and are keen to get on with making a deal. In an ideal world, you’d make an offer that would be accepted and the...
Can bankruptcy get you out of a bad home purchase?
If you purchased a home and its value has fallen significantly, you may struggle with understanding how to get out of the debt. If you keep paying on the mortgage, you’re throwing money away, because your home isn’t worth as much as the loan. Paying on your home might...
What happens if the seller won’t leave after you get your keys?
It can be weeks, sometimes well over a month, between when the seller of a piece of real estate accepts your offer and when you get the keys to the property. You may look forward to your possession date for weeks, only to discover a major hurdle between you and your...
What does your new home really cost?
As a first-time buyer, you probably know that buying a home will be expensive, but do you realize how expensive? It is crucial you understand the full costs before signing to buy. Here are some of the things you need to calculate: The fees associated with buying Did...
When can you evict a tenant legally in Illinois?
A tenant who pays their rent in time, uses the property responsibly, is at peace with their neighbors and renews their tenancy contract when it is due – these are definitely the qualities every landlord hopes for in a tenant. Unfortunately, not all tenants come with...
Don’t let a boundary dispute spoil your new home
Moving into a new property is an exciting time. You may have been anticipating the move for many months and can’t wait to start making the place your own. Generally, neighbors tend to be welcoming to new arrivals, or at least not hostile. You may go on to say “hi” to...
You can protect your earnest money with contingencies
Buyers take some risks when they make an offer on a property. They need their offer to be attractive, so they may offer the maximum amount that can possibly finance. When they make the offer, they authorize their real estate agent to promise earnest money to the...
Legal factors to consider when buying a new home
Buying a new home is an exciting prospect but also a serious decision. Many prospective and new homeowners are left disappointed when running into legal problems after making impulse decisions. Taking some time to reflect on the legal factors surrounding a house...