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March 2017 Archives

Tips on finding a good real estate agent

When you're searching for the perfect place for your family to call home, having a good real estate agent on your side can make all the difference in the world. A real estate agent can listen to your wish list and use their expertise to find you properties that fit the bill. They can also help you understand the process and assist you in seeing any red flags that pop up. Unfortunately, not every real estate agent is equally competent or ethical.

Consider the expenses of purchasing a home

Many people in Chicago often fail to take into consideration while shopping for real estate the costs of caring for their purchases. After saving up for down payments and homeowners insurance, many of them think that the only expenses they have to worry about are their closing costs. Little do they realize is that there are many other costs they need to set aside money for.

Landlord evicts politician due to demonstrations

Whether a tenant fails to pay rent or damages the property and violates the terms of a lease in other ways, landlords may need to evict someone for various reasons. However, it is important to keep in mind that other factors, some of which may be out of a tenant's control, can lead to an eviction. In Chicago, and throughout the entire state of Illinois, landlords may struggle with evicting tenants, but it is vital for them to protect their interests and understand their rights.

How Competent Eviction Lawyers Protect Landlords from Losses

Chicago laws are rather tenant-friendly. Therefore, it can be daunting to expel an adamant property occupant. The Forcible Entry and Detainer Statute governs evictions in Illinois. The property owner can file a single action to repossess the leased premises or a joint action to reclaim the property and rent arrears. The Residential Landlord Tenant Ordinance (RLTO) controls the renting of residential premises as well as evictions. The lender and the tenant must adhere to the RLTO to avoid a lease dispute.

4 Important Tips for Drafting a Purchase Agreement

Buying a home is one of the biggest financial transactions that you will ever perform. Getting too excited about moving into your new house might cause you to make mistakes during the actual transaction process. Here are four important tips to keep in mind for drafting a sound purchase agreement for the house: