Tuesday, January 20, 2015

Sellers, are you aware of new changes to the Illinois Residential Real Property Disclosure Act?

An important change took effect on Jan. 1, 2015. A state Appellate Court decision found an existing requirement in Question 6 for sellers to disclose known defects with walls and floors also includes windows and doors. This form will be provided to you by your Realtor/Listing Agent.

If the residential property is subject to a pending purchase contract and the seller has no new actual knowledge regarding defects relating to windows and doors, a new form won’t be needed. In other cases where there is no pending contract, it’s advisable to provide a new disclosure form to a seller.

Bradford Miller Law, P.C. can assist you with all your real estate needs. From selling, buying, landlord issues and even helping you with a building code violation we are here to help with all your real estate needs at a very reasonable rate. Our experienced Real Estate Attorneys have been representing real estate clients for several years now and have earned membership in the Better Business Bureau.

At www.bradfordmillerlaw you will find information about our firm along with helpful real estate information. To discuss your pending or potential real estate transaction call us at 312-238-9298 for a FREE 15-minute consultation.

Posted by Bradford Miller Law, P.C.
Practicing in Real Estate Law, Landlord Tenant Law, and Estate Planning
134 N. LaSalle, Suite 1040
Chicago, IL 60602

Offering free legal representation to homeowners seeking a short sale

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