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Can A House Be Sold While In Probate In Illinois?

March 5, 2024

It is indeed possible for a house to be sold while in probate in Illinois, IL. However, similar to any real estate transaction, it is crucial to follow the relevant rules and regulations of the state strictly. The probate court will oversee every stage and aspect of the sale, and if you are the executor, … Continued

What Illinois Buyers and Sellers Need To Know About Cloudy Title

March 5, 2024

By Petar @ REToolkit.io

The concept of a cloudy title is not frequently discussed until it becomes relevant. However, it can significantly jeopardize a sale for both buyers and sellers. To safeguard oneself in either role, it is crucial to comprehend what constitutes a cloudy title, take measures to prevent having one, and know the appropriate course of action … Continued

What You Should Know About Real Estate Trusts in Illinois

March 5, 2024

By Petar @ REToolkit.io

Making preparations in advance for the inevitable passing of a dear one can help alleviate the burden of handling estate matters during the period of loss. Particularly for individuals with substantial wealth, the significant tax rate on inheritances can be a cause for worry. By taking proactive measures to preplan the distribution of assets and … Continued

The Probate Process for a House in Illinois – How to Avoid Getting Scammed

March 5, 2024

By Petar @ REToolkit.io

Probate refers to the procedure of managing and distributing the assets and affairs of a deceased individual. Many people are familiar with the commonly circulated narratives depicting the arduous and distressing nature of the probate process, which often instills a sense of apprehension when confronted with it. The reality, though, is that done right, the … Continued

7 Ways An iBuyer is Different From a Chicago Real Estate Investor

March 1, 2024

By Petar @ REToolkit.io

Need to sell your house quickly in Chicago? Here is how an iBuyer is different from a local investor.

Factoring in Holding Costs: A Guide for Chicago Investors and Property Flippers

February 23, 2024

By Petar @ REToolkit.io

Holding costs can be a big consideration for property flippers and for those selling a home on a tight timeline. Here are a few things you need to know.

Innovative Housing Trends Investors Are Flocking to in Chicago

February 16, 2024

By Petar @ REToolkit.io

Real estate investment is always a smart choice. Here are some innovative housing trends investors are currently drawn to.

8 Things You Need to Know About Financing Investment Real Estate in Chicago

February 9, 2024

By Petar @ REToolkit.io

Investment real estate can be very appealing. Here are a few tips to help you finance your purchase.

What to do if Your Tenants Cause Damage to Your Illinois Rental Property

January 30, 2024

By Petar @ REToolkit.io

In the real estate investment industry, there is a vast amount of knowledge to acquire. While it may seem that your investment property is flawless based on documentation, dealing with individuals is a more complex task than handling figures. It is especially frustrating when tenants cause damage to your property. It is crucial to properly … Continued

Using A Lease Option To Sell Your House in Illinois

January 30, 2024

By Petar @ REToolkit.io

The strategy employed when selling a property greatly impacts the potential profits of a real estate investment. Lease options present a highly advantageous alternative to direct house sale, enabling property owners to attain higher returns on their investment. These options typically span one to three years and provide the option for tenants to purchase the … Continued