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All tagged Illinois Real Estate
As the smoke clears from a tumultuous real estate market, Millennial home buying takes center stage.
Illinois lawmakers launched their latest initiative towards combatting racial bias with the brand-new Real Estate Valuation Task Force. Lawmakers designed this task force to battle discriminate practices in property appraisals.
On Friday, May 20th, Governor Pritzker signed Senate Bill 1975 into law, instituting Illinois property tax relief. Specifically, the new law acts as a form of property tax relief for senior citizens, veterans, and people with disabilities. This helps to ease the burden from one of the highest property taxes in the nation.
In 2021, Illinois activated several new laws for the real estate industry, including the Condominium Property Act. While Illinois did not make any changes to the law in 2020, this latest addition represents the sole change for 2021.
Along with a string of other new laws and amendments, the Illinois Human Rights Act experienced an update of its own.
On July 9th, 2021, Illinois Governor JB Pritzker signed the Real Property Transfer on Death Instrument Act. In a slew of major, new real estate laws coming into fruition the latest Act took effect on January 1st, 2022.
Have you ever thought about tapping your home equity in Illinois? Many Americans consider home equity as a path to finance large projects.
Learn more about the most common ways that you can invest in real estate, actively or passively, in order to bring on an additional form of income.
With a tumultuous economy and lots of uncertainty on the horizon, it’s no surprise to find interest in short sales has increased, as Americans look to find financial relief from mortgage payments.
