November 2, 2018

CAN I OFFER THE BUYER A CREDIT RATHER THAN FIXING THESE ISSUES?

Yes, if the buyer agrees to it.
November 2, 2018

WHAT IF I THINK THE BUYER IS BEING UNREASONABLE IN THEIR INSPECTION REQUESTS?

Most sellers think their buyers are being unreasonable and most buyers think sellers are being unreasonable.  The important thing to remember is that selling your home […]
November 2, 2018

IF THE DEAL FALLS THROUGH AS A RESULT OF THE INSPECTION ISSUES, WILL I GET TO KEEP THE BUYER’S EARNEST MONEY?

No. You must refund the earnest money to the buyer.
November 2, 2018

HOW DO WE PROVE WE MADE THE REPAIRS?

You must provide paid receipts for all work performed to our office no later three days prior to closing.
November 2, 2018

HOW LONG DO I HAVE TO RESPOND TO THE BUYER’S INSPECTION REQUESTS?

There is no set time frame for us to respond but 2-3 business days is standard.  If both the buyers and sellers have not reached an […]
November 2, 2018

I INITIALED THE PARAGRAPH OF CONTRACT THAT SAYS THE HOUSE IS “AS IS” CAN THE BUYER STILL REQUEST I MAKE REPAIRS?

No. The buyer can still have inspection performed, and they can cancel the contract in the first five business days if the inspection reveals major issues […]
November 2, 2018

HOW MUCH DOES RADON REMEDIATION COST?

Typically, between $1500-$2500 depending on the size of the home.  You must also provide retest results showing that the remediation was successful.  The retesting costs an […]
November 2, 2018

THE HOME FAILED THE RADON TEST, WHAT SHOULD I DO?

You should, although you are not obligated to, have the radon remediated and provide successful retest results to the buyer.  Knowledge of radon in Illinois requires […]
November 2, 2018

WHAT IF WE CANNOT AGREE ON INSPECTION ITEMS?

If no agreement is reached within ten days of the date you signed the contract, then either you or the buyer may cancel the contract.  The […]
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