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Selling property depends on a wide array of variables and potential legal requirements.  In the case of a divorcing couple, real estate sales sometimes include a Marital Settlement Agreement (MSA). This means real estate attorneys, brokers, divorce attorneys, and clients are in it together. Let’s unpack the intricacies.    What is an MSA?   During...

Navigating the intricate waters of property sales, and understanding the ins and outs of insurability is crucial. Both insurability and the cost of insurance premiums play a pivotal role in a property’s desirability and ultimately its market value. This article delves deep into what every broker should be familiar with regarding residential real estate insurability....

Selling a house is exciting. Some sellers love getting hands-on. It’s one thing to DIY the living room paint job and another to attempt a sale by owner (FSBO). Like any property deal, there are FSBO pros and cons to consider. So, is it worth it to take on an FSBO sale on your property?...

The real estate market presents many challenges, and among them is the decision to buy and sell a home on the same day. This scenario raises numerous questions for homeowners. Is it practical or even advisable to handle two significant transactions within such a short timeframe? Let’s delve into the intricacies of this decision to...

Navigating the labyrinthine world of real estate litigation can be daunting, especially when large sums of money, vital business interests, or a dream home hangs in the balance. The intricate dance between property law, court proceedings, and negotiation strategies requires an astute understanding that only seasoned legal professionals can truly master. In this blog post,...

Sometimes in life, we need a little push to get where we’re going. This is exactly how I got where I am today, and I owe much of my success to my mother. Reflections of my mother and a Scott Hamilton interview are the impetus for this blog post. What do Skating and Law School...

While certain awards may appear impressive at face value, they are not always indicative of an attorney’s skill, effectiveness, or commitment to their clients. Some awards are not merit-based but rather purchased or result from participation in a pay-to-play scheme, diminishing their credibility and value. Additionally, some organizations that offer these awards aren’t highly regarded...

In the fast-paced world of real estate, transactions can often feel like an endless flurry of papers, terms, and conditions. With significant financial investments at stake, it is essential to ensure every contract is legally sound and in the best interest of the client. This is where a real estate attorney comes into play. Having...

As commercial real estate brokers, your role extends beyond facilitating transactions. You serve as a guide, providing your clients with key insights into the complexities of the commercial real estate market. In today’s blog post we explore critical considerations to aid your clients in making informed commercial real estate investment decisions. Understanding Your Clients’ Investment...

This post first appeared in the Chicago Daily Law Bulletin in August, 2022 I was pleased to see the passage of Public Act 102-765 amending the Illinois Residential Real Property Disclosure Act, 765 ILCS 77/1 et seq., as it tightened up some of the issues we see when handling certain kinds of transactions, especially those...