by Lauren Jackson | Sep 7, 2017 | buying a home, Real Estate, real estate closing, selling a home, Taxes
If you are buying or selling real estate in the state of Illinois, one of the biggest line item dollar amounts will be the real estate tax proration (credit) given by the seller of the property to the buyer. In Illinois, all real estate taxes are paid one year in...
by Lauren Jackson | Aug 8, 2017 | Attorney, buying a home, Lawyer, property disclosure, Real Estate, real estate closing, selling a home
When you are purchasing real estate, property disclosure statements are some of the most important documents that you will receive. Property disclosure statements outline any flaws that the current owners and their real estate agents are aware of that could negatively...
by Lauren Jackson | May 19, 2017 | buying a home, Kane County, Real Estate, real estate closing, selling a home, Taxes
When it comes to issues with local real estate, one of the hardest things for people to understand is the property tax billing process. In Illinois, our property tax bills are billed in arrears. For instance, if you owned property in the year 2016, you will be paying...
by Lauren Jackson | Oct 3, 2016 | Attorney, buying a home, Lawyer, Real Estate, real estate closing
A lot of people are attracted to the comfort of buying a brand new home. The homebuilder makes it so easy now. You get to pick the land and customize the house just the way you want it. They may even make the sale offer extra enticing with additional “discounts” if...
by Lauren Jackson | Jun 7, 2016 | Attorney, buying a home, Contracts, Lawyer, Real Estate, real estate closing, selling a home
When you are buying real estate you have to sign a contract. Once the contract is signed by the seller time becomes of the essence. People believe that once you sign a real estate contract, everything in the contract is final. That is not true. Although I tell my...
by Lauren Jackson | Apr 19, 2016 | buying a home, lender's title policy, owner's title policy, Real Estate, real estate closing, selling a home
As we sit down on closing day to go through all of your real estate documents, you will notice on your closing statement that you are being charged for one of two different types of title insurance. Depending on whether you are the seller or the buyer you will be...
