People in Illinois who are looking to buy a home will need to carefully evaluate not only features like the condition of the home, square footage and list price but also some things that may not be quite as obvious. An easement is one of these things. Seemingly simple, an easement can be something that becomes problematic when not properly understood.
If you plan to sell residential real estate in Illinois, there are certain legal requirements of which you should be aware. One such requirement is your obligation to inform potential buyers of any material defects via the Residential Real Property Disclosure Report. This is per 765 ILCS 77 – Residential Real Property Disclosure Act.
When you are thinking about selling your home in Illinois, the lyrics to an old song may give you some guidance on how to prepare: accentuate the positive and eliminate the negative. According to FindLaw, another word for the process of presenting the house in the best possible light, and possibly even increasing the sale price, is "staging."
Before you embark on the process of buying a home in Illinois, you may want to familiarize yourself with the different expenses involved. Most people know they will pay a monthly mortgage and need a down payment, but there are some additional fees and costs you need to prepare to pay as part of the home buying process.
You have recently decided to list your home for sale and are trying to determine whether or not you should do it independently or with the help of a realtor in Illinois. While there are pros and cons to each, your decision to list your property without the guidance of a realtor can actually be quite beneficial to you and save you some money along the way. At Essig Law Office, we are familiar with how the real estate market works and have successfully helped many people through real estate transactions.
You are interested in starting to accumulate properties around Illinois to turn around and sell and to rent to some great tenants. Your decision will allow you to enjoy the income that results from maintaining ownership of properties and building your investment portfolio for real estate. However, in order to buy multiple properties, you are going to need a pretty significant line of credit. Fortunately, there are ways you can go about communicating with desired creditors to give yourself a winning chance at being allowed extra funds.
For people looking to buy or sell property in Illinois, issues with the transfer of a title can result in time-consuming confusion. Often, especially if left unresolved, these problems can become increasingly costly to work out. While a smooth title transfer is true in many situations, it is important for both buyers and sellers of real estate to understand potential title issues so they can avoid them if possible.
You have decided to sell your home, but you are not interested in working through third parties to find a new owner. The thought of selling your property by yourself is intriguing, but you are not sure if it is worth the work. At Essig Law Office, we have helped many families in Illinois to understand what needs to be done for them to successfully sell their home on their own, without the help of a realtor.
The last step before you finally own your home in Illinois is the closing, and as the day approaches, you may be looking forward to it with increasing anticipation. However, this meeting involves more than simply signing on the dotted line and walking away a homeowner.
Your house in Illinois is more than a home; it is an investment. While selling it can be emotional as you pack up the memories and prepare to move, it can also be an opportunity to maximize the return on the investment. According to the Illinois State Bar Association, a real estate attorney is an essential part of your team.