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What Form Should I Use To Make A Home Purchase Offer? | Nolo: What You Should Know
How to Prepare an Offer for Purchase in Illinois Find out how to make an offer on a home. Illinois requires that offer agreements include the physical address of the property, sales price, financing terms Learn about the basics of the homeowner's Loan and Home Sales Tax in Illinois Find out how to set apart an Offer for Purchase and what happens after you have it accepted, including penalties. Illinois Requires an Offer to Purchase for a home sale The homeowner's Loan in Illinois provides you with the means to finance the purchase or construction of your home. The Home Sales Tax on a sale of real property in Illinois is 5% of the amount paid to complete the sale. The homeowner's Loan does not provide you with the means to finance the purchase or construction of a home, but it does provide the means to make the purchase or construction of your home, as long as you agree to pay the Home Sales Tax.
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