Home Inspection in Illinois: A Guide
Illinois home inspections are key for revealing hidden property issues. Inspections aren't legally required but are strongly recommended. Specialized tests like radon and sewer assessments are advised.
Buying a Home in Illinois
Prices vary greatly, so research living costs in different regions like Chicago, Peoria, and Champaign. Always check the seller's recent tax bill for estimates.Dual agency is allowed, and seller's disclosure is mandated.
What’s Behind Illinois Home Insurance Surge?
Since early 2022, Illinois has faced a ↑20-30% in homeowners' insurance premiums. A combination of natural disasters, inflation, and supply chain disruptions has led to a surge in insurance claims. Despite experiencing fewer natural disasters, Illinois has localized...
Cons of Selling Your House FSBO
FSBO involves a series of steps that homeowners need to undertake independently. FSBO is time-consuming, involving market analysis, home staging, marketing, negotiation, and legal tasks.Lack of Real Estate knowledge can lead to costly errors in understanding market...
Mid-Year Forecast: Where Does the Construction Economy Go?
As of mid-2023, the predicted recession has not materialized, and the economy is in a state of flux. While there are signs of a slowdown, the forecast for a recession has been pushed further out.
Honoring the Significance of Indigenous Day
Indigenous Peoples’ Day celebrates, recognizes, and honors the beautiful traditions and cultures of the Indigenous People We take a stand for and support the indigenous people on this day. We should also offer our support to those who invest and uplift the indigenous...
Illinois Pandemic Mortgage Assistance Deadline
Illinois will stop accepting applications for the Homeowner Assistance Fund Program on Oct.31. It was set up to help people suffering financial hardships because of the pandemic. The state has given out more than $246M in grants to help nearly 14K homeowners since...
How to Prepare Your Home for Sale?
Depersonalization: Remove personal items to help buyers see themselves in the space, and hide personal names.
Illinois Estate Tax Changes
Illinois lawmakers plan to reconsider the state's estate tax, possibly raising the limit from $4 million to $12 million.