Risk Reversal in Real Estate Inspections: Putting the Responsibility Back on the Seller

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So you found the perfect home and your offer has been accepted. Congratulations…..now it’s crunch time. In the typical Chicago real estate transaction you, as the buyer, have 5 days during which your attorney will review your contract and your inspector will evaluate the condition of the property. In a competitive and active market, you don’t have much time to waste. You’ve gotten referrals from your realtor, closing attorney, lender, Yelp, Angie’s List, neighbors, friends and co-workers, and you’ve found just the inspector for the job….you hope.  You set the appointment and the inspector sends you the Inspection Agreement. Reading through the agreement, or contract for services, you may be struck by the apparently one-sided nature of the risk placement…it’s all on you!

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What “Professionalism” Sometimes Means in the Real Estate Game

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To My Realtor Friends Who May Read This,

Please accept my preemptive apologies for some off the cuff, unvarnished notes rants from the field. I know quite a few agents who bring tremendous value to their clients and who have the best interests of those clients in the forefront. We love working with those kind of agents on a collaborative basis and we cherish those relationships. Having said that, I’d like to talk about yesterday’s 2 unit ‘vintage’ apartment building inspection. Continue Reading

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Tap Water Contaminents: What You Can Do

For the health and safety of you and your family, we strongly recommend installing a whole-house water filtration system. While not cheap (the most effective models can cost $800-1,200+, plus installation and maintenance), if you can afford it, you should consider doing it. While under-sink, faucet-mount and refrigerator models work for drinking water, they won’t protect you from the chemicals your body can absorb while bathing. For an in-depth article on the dangers posed by unfiltered tap water, visit http://articles.mercola.com/sites/articles/archive/2012/11/27/drinking-water-with-chloramine.aspx

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