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The Arrival of the New (7.0) Multi-Board Residential Real Estate Contract

A new base, real estate contract began circulation at the start of 2019. It took over 100 hours of review and debate to ultimately get to an end product that changed one of the most widely used contracts in Illinois. If you will be involved in a real estate transaction this year, you will most […]

What to Know Before Buying Real Estate “As Is”

The law permits the transfer of property, including real estate in the condition in which it exists (often referred to “as is”).  All buyers should be aware of what this term means, and its implications.  Under the most commonly used Real Estate Purchase Contracts1 note the following: Date of Acceptance-The condition of the property is […]

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