Legal Terms and Definitions

In the ever-evolving landscape of real estate, the role of technology cannot be overstated. From listing platforms to virtual tours, the internet has ...

For many individuals looking to sell their homes, putting their property on the MLS (Multiple Listing Service) is not so much a choice as it is an ...

As the real estate industry braces for upcoming changes regarding buyer agency fees, Grigory Pekarsky, founder of Vesta Preferred, sees this shift as ...

Cook County, Illinois is one of the most populous counties in the United States, with over 5 million residents. As with any populated area, Cook ...

Understanding Real Estate Agent Compensation: A Guide for Buyers and Sellers How Do Realtors Get Paid? Real estate transactions involve several ...

Understanding Property Deeds: What You Need to Know Property transactions, whether you're buying or selling, revolve around a critical document known ...

Enhancing Urban Spaces: A Comprehensive Policy Approach to Address Property Speculation and Foster Sustainable Communities Introduction In today's ...

How to Wisely Back Out of an Accepted Real Estate Offer In the fast-paced world of real estate, situations may arise where you find yourself needing ...

In Illinois, homes can be titled as one of the following: Sole Ownership: A single person owns the property and their name is listed on the title ...

Yes, that first word is operative: professional.  This means your Uncle Lou, handyman extraordinaire, will need to sit this one out.  A ...

How to Calculate Property Tax Prorations for Home Sale in Illinois (Cook County) How Does Tax Proration Work? Property taxes prorated for Illinois ...

How important is the Deed?  It’s important if you want to legally own a home.   A Deed is a document, sometimes two pages, ...

Most buyers focus on one type of insurance when purchasing a home – homeowner’s insurance.  Rightfully so and understandably as it ...