If you own a home built before 1978, it probably contained lead based paint, and you were given a lead paint brochure and disclosure when you bought the home. This disclosed the presence of lead paint in the home if the seller was aware of it. When you sell, you will disclose any knowledge you [...]
Condo owners annually elect a board of directors to oversee the property’s maintenance and management. (If not self-managed), these boards hire property managers to advise them, to collect assessment fees, manage the maintenance staff, oversee repairs to the common elements, and to facilitate the transfer of property between condo buyers and sellers.
I’ve worked with [...]
When we moved into our 1908 Foursquare in Lakewood Balmoral’s Historic District, one of the many priorities was removing the weather stripping, caulking, and plastic that the previous owners had installed to be energy efficient. Yes, it kept some drafts away, but BOY, WAS IT UGLY! Today our house BREATHES! But I must confess, it [...]
Property Tax reassessment notices are out, and if you want to protest your tax increase, you must file by September 3.
There are 2 meetings scheduled on Chicago’s north side where you can go to learn about property taxes, reassessments, and filing protests to reduce your tax amount.
Cook County Assessment Appeal Process Seminar
Tuesday, August 11, [...]
This video from Pat Callan, President of the Illinois Association of Realtors, discusses key housing provisions in the American Recovery and Reinvestment Act. In it, he talks about how Illinois residents can benefit from the $8,000 first-time homebuyer tax credit, increased Illinois FHA loan limits and energy-efficient housing tax credits.
Links:
Tax Credits for Energy Efficiency
First Time [...]
