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residential real estate Archives

What you need to know about short-sale deals

Real estate transactions are legal processes, and before you make a purchase in Illinois, it is essential for you to have the information you need. This is particularly true when you are considering buying a home through a short sale. We at the Essig Law Office often provide legal advice to clients who want to take advantage of the potential savings without making common mistakes.

What should I disclose when selling my house?

When you decide to sell your home in Illinois, you need to do more than highlight the amenities and include your asking price and photos to the listing. Those are important factors that are necessary to gain the attention of potential buyers. But if you want your real estate transaction goes smoothly, you must also disclose certain facts about the condition of your home. It may seem that the best way to ensure your home sells quickly is for you to hide critical information about your home. But if you do not disclose information about certain issues, your home could end up sitting on the market for a long time and you risk being sued by the next owner. 

What is FSBO?

FSBO stands for “for sale by owner.” It is a term that you may see when you are looking at real estate in Illinois. It basically means that you are selling your home without the help of a real estate agent. So, if someone wants to buy your home, they would deal directly with you. You also take on many responsibilities when you decide to go the FSBO route.

The essential elements of residential sales contracts

Once you've put an offer on a home, and the buyer accepts it, then it is time to draft a sales agreement. This process is complex and time consuming - and often frustrating - but it is vital to ensure every aspect of the sale is agreed upon by both parties.

Our Testimonials

  1. The Essig staff are courteous and helpful, and the attorneys are professional and knowledgeable. They are very efficient, with prompt turn-around times on title orders and real estate closings. I would highly recommend this office to others!

    -Donna Jones Craig Jim Maloof Realtor

  2. The Essig staff are courteous and helpful, and the attorneys are professional and knowledgeable. They are very efficient, with prompt turn-around times on title orders and real estate closings. I would highly recommend this office to others!

    -Donna Jones Craig Jim Maloof Realtor

  3. The Essig staff are courteous and helpful, and the attorneys are professional and knowledgeable. They are very efficient, with prompt turn-around times on title orders and real estate closings. I would highly recommend this office to others!

    -Donna Jones Craig Jim Maloof Realtor

  4. The Essig staff are courteous and helpful, and the attorneys are professional and knowledgeable. They are very efficient, with prompt turn-around times on title orders and real estate closings. I would highly recommend this office to others!

    -Donna Jones Craig Jim Maloof Realtor

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Washington Office 135 Washington Square Washington, IL 61571 Phone: 309-481-2431 Fax: 309-444-1916 Map & Directions

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