The boundaries of a property determine the landscaping choices someone makes and even whether they can add an addition to their home based on current zoning rules. The boundary also influences the size of a parcel, which will inevitably impact its market value. ...
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4 Common building defects
It can be exciting to buy a home, especially for the first time. However, not all properties you find on the market are new. Most of them have owners who may have occupied the homes for a long time. As a result, the properties may have defects. But this is also...
Tips for getting the best offer for your home as you divorce
If you and your spouse agree that selling your home and dividing the profit is the best choice as you divorce, you’re in a better place than a lot of couples who fight over their home. However, you’ve still got some challenges ahead of you. Selling a home is rarely a...
What is a quiet title action?
Property laws can be complicated, and it’s no wonder that disputes over ownership rights and certain entitlements can get confused over time. That’s when a quiet title action can be useful. When applied to the title of a property, the term “quiet” means that this...
The potential risks with buying an older property
People's preferences tend to differ when it comes to housing styles. Many prefer to be in modern apartment blocks in the middle of the city. Others prefer a more traditional vibe, with classic housing. Older buildings can be full of character and may also be more...
When does a property owner need to file a partition action?
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...
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...