If you’re selling your house ‘as-is’ in Illinois, you might wonder what disclosures are required by law. Illinois doesn’t let you off the hook just because you’re selling as-is. You must still inform potential buyers of known problems like structural or environmental issues. This article will guide you through the critical disclosure obligations when selling a house as-is in Illinois, giving you the confidence to proceed with your sale backed by legal know-how.
March 13, 2024
The article will also explain whether or not there are any significant changes to Illinois Real Estate Laws for 2024. The most substantial change in Illinois Real Estate Law is the Illinois Real Property Transfer on Death Instrument Act, which took effect in 2022.
February 26, 2024
In this article, we will discuss the Illinois Residential Real Estate Property Disclosure Act and how to avoid a claim for failing to properly disclose information about your property when selling. We will answer the following questions: what is the Illinois Residential Real Estate Property Disclosure Act?, what must be listed in the Disclosure Statement when selling a property in Illinois?, what happens if the seller is not aware of an existing defect?, and what happens if the seller makes an error when filling out the Disclosure Statement?
November 13, 2023
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