Owning property is often a shared investment. Some people buy property jointly with someone else to reduce their personal investment or responsibilities for the ongoing maintenance of the real estate. Others inherit real estate. When there is more than one owner, you...
real estate transactions
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real estate transactions
What do home sellers need to disclose?
When you’re buying a home, it’s very important that you know about all of the potential damage that is there. You need to see the defects or be informed about them so that you make an offer that is fair. You deserve an opportunity to walk away from a home that has too...
What can you do to buy a house right now in this market?
The housing market is quite tight right now in so many areas of the country, and it is definitely a seller’s market. Lower interest rates are also attracting those who would rather build up some equity than see their money paid out in rent. With all that being said,...
Does buying a property as-is mean you’re on the hook for defects?
When you buy a new residential property, the price that you pay usually reflects the condition of the property and the neighborhood where it is located. Whether you intend to rent it out, flip it for profit or live in it yourself, you expect that the home will be in...
Disclosure when selling Illinois residential real estate
Remember that car you bought a few years ago, from a used car salesman? He must have spent hours cleaning and polishing it. He talked a good and, unfortunately, you fell hook, line and sinker for his ploy and handed over the cash. It turned out to be the worst car you...
What are important business real estate lease considerations?
Signing a lease for a business property can be exciting because it often signals the next step in opening a small business. However, you should never sign a lease before you read it and understand it. There are many things an owner may include in a lease that does not...
Have you considered all the costs of buying a home?
You have done all your homework on finding and making an offer on your Illinois dream home. Or have you? To better ensure that you do not receive the keys to disappointment rather than the keys to your new home, see what CNN Money says about some of the...
Does a seller have to tell you about a death in the house?
When you want to buy a new home in Illinois, you expect that the seller will tell you about anything wrong with the house. In fact, there are laws that require sellers to disclose certain things about a property to potential buyers. Generally, this is for health and...
Do you know what red flags to look for while viewing houses?
Buying an Illinois-area home to live in or use as an investment property is a considerable undertaking. Unless you know what separates a good investment from a money pit, you may very well end up with a real estate fiasco after signing all the paperwork. To help...
Did the seller fail to tell you about the construction defects?
You think you found the home of your dreams here in Glen Carbon. You love the home, the price was right, and the seller seemed eager to close the deal. It was only after you moved in that you realize some construction defects exist on the property. Now what do you do?...
