What do I need to know when buying property in Illinois?

"1. You should research the area where the property is located and its current market conditions. 2. Before purchasing a property, make sure to have it thoroughly inspected by a licensed and experienced home inspector. 3. It's important to understand the legal process that comes with buying real estate in Illinois, including laws related to financing, title insurance, and tenant rights. 4. Make sure to familiarize yourself with the local property taxes in order to ensure that you are able to afford them long-term. 5. When making an offer on a property, consider its location, condition, and potential future value. 6. Prior to closing, you should obtain insurance that will protect against financial losses due to any hazardous defects that the inspection may have missed. 7. Being familiar with your rights and responsibilities as a landlord or homeowner in Illinois is essential," said another in Illinois.