Rent Back Agreement in Illinois: 3 Mistakes Sellers Make
A rent back agreement lets you stay after closing, but most lenders cap it near 60 days. Here’s how to set rent, deposit, and escrow in Illinois.
Buyer Closing Costs in Yorkville, IL: 5 Surprises to Avoid
Buyer closing costs in Illinois run 2% to 5% of the price on top of your down payment. Here are five line items that catch Yorkville buyers off guard.
Seller Closing Costs in Illinois: 4 Things Sellers Miss
Seller closing costs in Illinois include payoff, commission, transfer tax, and tax proration. Here is what a Yorkville seller pays and how to estimate it.
Seller Credits in Illinois: 3 Mistakes Sellers Make
Seller credits cap at 3% to 9% of price on conventional loans. Learn the 3 mistakes Yorkville sellers make when a buyer asks for one.
Lead Paint Disclosure: 4 Mistakes Yorkville Sellers Make
Your lead paint disclosure is required for any home built before 1978: a pamphlet, a signed warning statement, and a 10-day buyer window.
Final Walkthrough in Illinois: 3 Mistakes Buyers Make
Your final walkthrough is the last check before closing. Here are 3 mistakes Yorkville buyers make and what to do if you find a problem.
Home Sale Contingency in Illinois: 3 Mistakes Buyers Make
A home sale contingency lets you buy first, but sellers in Yorkville often pass on it. Here are the risks and the alternatives to compare.
Builder Buydown vs Price Cut: 3 Costs Buyers Miss
A builder buydown lowers your payment for a few years, but a price cut lowers it for good. Here’s how to compare both on a new Yorkville home.
Homestead Exemption: 3 Things Yorkville Buyers Miss
The homestead exemption is $6,000 in Kendall County and $8,000 in Kane, and new owners must apply. Here is what Yorkville buyers miss after closing.
Special Assessment Illinois: 3 Things Yorkville Buyers Miss
A special assessment on a Yorkville townhome isn’t the same as an SSA tax. Illinois law makes the association disclose it before closing, if you ask.