FAQ

If you are signing using a Power of Attorney for a Buyer, we will need to review the Power of Attorney prior to closing. It is also very important that your lender is informed that you plan to sign using a Power of Attorney. The lender must approve the Power of Attorney for use in advance of closing.

If you are a Buyer and do not plan to attend closing, please let us know. We do not expect that all Buyers are able to travel to complete their closing. We can coordinate sending you documents via overnight delivery or by emailing them to you. You will still be required to return signed and notarized originals, but we will make every attempt to make the process easy and smooth. If closing documents are sent via email, please ensure that all enclosures are printed on single-sided copies only. If you are a Buyer paying cash, we have the ability to use DocuSign for your closing documents for electronic signatures.

If your Sale Contract does not specify tenancy, you will need to provide us with this information approximately 7 days prior to closing. Selecting the proper tenancy is very important and can have a significant impact on your ownership in the future. Should you have any questions, we urge you to seek legal counsel.

If the property you are buying will be your primary residence, you are entitled to a tax exemption on your county real estate tax bill. This is commonly referred to as the Homestead Exemption, pursuant to Illinois Senate Bill 1790. This provides a deduction to your current assessed value, thus saving you money. We suggest that you contact your County Assessor’s Office approximately 30 days after closing. Let them know that you just purchased the property and ask if you have been granted the exemption. If you are told that you have not been granted the exemption, then you will need to complete a very basic form for the Assessor’s Office and provide them with a copy of your State Driver’s License or State Identification Card showing the property as your new address.