Illinois real estate: buy or sell with a local AXEN agent
Illinois buyers and sellers usually hire attorneys, sellers give a disclosure report and a radon disclosure, and property taxes are high. Here is what is the same everywhere in Illinois, and our local guide for each city.
Illinois cities we cover
Each guide covers the local neighborhoods, costs and rules for that city.
What every Illinois buyer and seller should know
Attorney review
Most buyers and sellers use an attorney, and the standard contract includes an attorney review period after signing.
Seller disclosures
Sellers give a Residential Real Property Disclosure Report and a radon disclosure.
Transfer taxes
The state charges $0.50 per $500 of price and counties add $0.25 per $500. Chicago and some other towns add their own.
Condo documents
Condo sellers must provide the association's documents, budget and reserve information.
Property taxes
Rates are high and vary by school district and township. Ask for the last full tax bill.
Basements
Many homes have basements. Check for water and ask the sump pump's age.
AXEN Realty in Illinois
Every AXEN agent in Illinois works under a licensed managing broker: Billy Malone (license 481014513). See every state on the state brokers page.
Buying? Start with the home buying guide and get pre-approved.
Selling? Read the home selling guide and get your home value.
Moving here? Read buying in a new state.
Illinois real estate questions
Do I need an attorney to buy a home in Illinois?
It is not required by law, but most Illinois buyers and sellers use one, and the standard contract includes an attorney review period.
What disclosures do Illinois sellers give?
Most sellers give a Residential Real Property Disclosure Report and a radon disclosure.
What is the transfer tax in Illinois?
The state charges $0.50 per $500 of price and counties add $0.25 per $500. Some cities, like Chicago, add their own.
Does it cost anything to talk to an AXEN agent in Illinois?
No. Talking with an AXEN agent about buying or selling in Illinois is free.