Chicago, Illinois

Have a plan Set parameters such as how much you can pay and where your funding is coming from, how much you expect to make, and how long you intend to hold the property. Make sure you have your trusted advisors (lawyer, banker, accountant and broker) lined up to guide you through the process because once you find your ideal property things can move quickly. Have an exit strategy Part of buying property is knowing when to sell, or when you should forecast selling. Commerci

It’s selling season! I get tons of questions from people selling their homes, and here are the three most common questions with answers: 1. Why do I have to pay for title insurance? Title insurance protects your buyer from any “defects in title”… Defects include things like whoever sold you your property did not actually have the right to sell it, or maybe someone placed a lien on your property without the right to do so. Title insurance protects the buyer in case the “wron

The burning question: What is an “attorney review” in an Illinois real estate contract? In Illinois, most standard form residential real estate contracts contain an “attorney review” clause. Typically, a buyer makes a written offer by submitting the contract with proposed terms to the seller. If the seller accepts, the contract then goes to each party’s respective attorney who will review the contract and may propose new, additional terms to make the contract more favorable f