Are Smoother Residential Closings In Store?

By Published On: March 1, 2019Categories: Business News, Commercial Real Estate News, Residential Real Estate News, TJ Client NewsComments Off on Are Smoother Residential Closings In Store?

Changes to the contract for Chicago-area home sales took effect today, establishing new rules for property improvement requests, mortgage contingency deadlines and more. With the spring homebuying season just underway, we reached out to Crain’s Chicago Business noting how the new revisions will affect buyers and sellers, and offered Neil Narut of Taylor Johnson client Proper Title LLC as an expert source. Narut shared some highlights of the new Multi-Board Residential Real Estate Contract, including the greater burden on buyers to make requests for cosmetic improvements when submitting an offer rather than after the inspection. Read more about the revisions here.

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