Real Estate Closing Costs in Illinois

Real Estate Closing Costs in Illinois

Closing costs is an umbrella term used for a realtor commissions, taxes, title related fees, filing fees, and other costs due at closing. A closing occurs at the point in a real estate transaction when the title of the property is transferred from the seller to the buyer. If you’re buying or...

Continue reading…
How Do You Know if You Need Title Insurance?

How Do You Know if You Need Title Insurance?

Performing a title search and obtaining title insurance are two common requirements homebuyers encounter, particularly during the mortgage closing process. Simply put, the title is the official document reflecting legal ownership of the property, an in is conveyed as the property is sold over time. Although the completion of the...

Continue reading…
Things to Keep In Mind When Buying Commercial Property

Things to Keep In Mind When Buying Commercial Property

Regardless of whether it’s commercial or residential, any real-estate transaction can be overwhelming. They are typically full of long negotiations and complex contracts, and the process of closing can be a real bear. The fact of the matter remains, acquiring real estate is a major milestone in anyone's personal or professional life....

Continue reading…
Staying Safe with Your Power of Attorney

Staying Safe with Your Power of Attorney

Power of attorney documents are legal forms that most people encounter at some point in time in their lives. These documents may be common, but unfortunately many people who execute power of attorney documents do not really know what the agreement actually does. As a matter of fact, power of attorney documents...

Continue reading…

Mortgages 101: What Every Homebuyer Needs to Know

For most people, buying a home is a dream come true. From pondering floorplans to picking paint colors, shopping for your first home can be a fun and fulfilling experience. Unfortunately, however, buying a home is much more complicated than many people expect. This is particularly true in light of recent changes...

Continue reading…
What is a Short Sale, and How Can It Help You?

What is a Short Sale, and How Can It Help You?

Generally, people do not pay cash upfront for their first real estate purchase. Instead, most homes are purchased using a mortgage. Mortgages charge fees and interest, which means they can drive up the price of the home purchase. Most people expect their home to appreciate in value over time to cover this...

Continue reading…