Selling a house can be an exciting yet overwhelming experience. No matter the reason for selling, the process can become even more complicated if you are not familiar with the state’s laws and regulations. In Illinois, there are specific legal requirements that must be met for a successful home sale. Therefore, if you are planning to sell your house, it is essential to know these requirements. In this blog, we will guide you through the essential things you need to know when selling your house in Illinois.



1. Disclosure Law

In Illinois, the law requires that the seller disclose any known issues or defects with the property before the sale. This can include issues such as a leaking roof, plumbing problems, or even a history of pests. The seller must be honest about these issues and let the buyer know before the sale is completed. Buyers have a right to know what they are getting into before committing to a purchase, and failure to disclose can result in legal action.

2. Home Inspection

Getting a home inspection is an excellent way to ensure that your home is in good condition and ready to be sold. A home inspector will thoroughly examine your property and identify any defects or issues that may exist. After the inspection, you can choose to make any necessary repairs or disclose the defects to potential buyers. It is essential to ensure that your home is in good condition before putting it on the market, as buyers are less likely to purchase a home that requires extensive repairs.

3. Title and Deed

In Illinois, a title company will search for any liens, judgments, or unpaid taxes that are attached to the property before the sale. These issues must be resolved before the sale of the house can be completed. Additionally, the deed must be transferred from the seller to the buyer through a title company. The title company ensures that all the legal requirements are met before the sale is completed, protecting both the buyer and the seller.

4. Realtor and Commission

Selling a home can be a daunting task, and it’s often helpful to hire a realtor to guide you through the process. A realtor can help you price your home correctly, market the property, and handle negotiations with potential buyers. In Illinois, the average commission rate for a real estate agent is 2.5-3%, which is negotiable before signing a contract with them. It is essential to read and understand these contracts before signing to avoid any legal issues.

5. Closing Costs

Finally, it’s essential to understand the closing costs associated with selling your home in Illinois. These costs can include fees for the title search, transfer stamps, taxes, and real estate commission. Understandably, these costs can vary depending on the location and value of your property, but they can often add up to two to five percent of the sale price. Understanding the costs upfront can help you budget for the sale better.

When it comes to selling your home in Illinois, understanding the legal requirements and procedures is essential. Disclosing any known issues, getting a home inspection, transferring the title and deed, hiring a realtor, and understanding the closing costs can significantly impact the sale process and outcome. If you need further guidance or help navigating the process, reach out to a real estate attorney who specializes in Illinois laws to make the process smoother and more manageable.