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Tax consequences when selling a house I inherited in Chicago

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Inheriting a home often presents a complex emotional and financial situation: while you’ve gained a valuable asset that could improve your financial future, you’re simultaneously processing the loss of a loved one. For Chicago homeowners weighing their options during this challenging time, understanding the tax implications when selling an inherited property can provide crucial clarity … Continued

How To Price Your Inherited Home In Chicago For Sale

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If you’ve inherited a property and you’re planning to sell it, make sure you read this blog post for 3 practical tips about how to price your inherited home in Chicago for sale—especially if dealing with older homes or code violations… Did you inherit a property that you’re now thinking about selling? While an inherited … Continued

5 Benefits of Selling Your House Via Rent to Own in Chicago

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For homeowners and landlords struggling with older Chicago properties but not quite ready to sell, exploring rent-to-own options offers unique advantages worth considering, especially in today’s challenging local real estate market. There’s a substantial pool of motivated buyers eagerly seeking these opportunities, looking to experience homeownership before qualifying for traditional mortgages. Continue reading as we … Continued

Chicago Investment Property: Knowing What You Can Write Off on Your Taxes

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Strategic retirement planning demands careful attention to income sources, with real estate investments offering exceptional tax advantages designed specifically to stimulate market growth. For Chicago investors, these overlooked tax opportunities can significantly impact your long-term wealth preservation. The cumulative effect of missed deductions on your investment property can be substantial, making proper understanding crucial for … Continued

5 Signs it’s Time to Sell Your Chicago Investment Property

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Wondering if it’s the right moment to part with your rental property? It’s always beneficial to understand the key indicators that might suggest it’s time for a change. Join us as we explore these five clear signs that it’s time to sell your Chicago investment property, especially if you’re dealing with older homes or code … Continued

How to Sell Your House With Tenants in Chicago

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Smart real estate investors understand that having clear exit strategies is essential for maximizing returns on investment properties. While you might have a long-term plan in place, experienced investors like our bilingual team at CVG Properties know that market shifts, neighborhood changes, or personal circumstances often necessitate adjusting your timeline—sometimes requiring you to sell a … Continued

Investment Property Taxes Capital Gains – What Chicago Investors Should Know

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If you’re a real estate investor considering selling a property, or if you’re planning to purchase property now with an eye toward future selling, you might be concerned about potential tax implications. In this straightforward guide, we’ll explore investment property taxes capital gains – what Chicago investors should know about capital gains to help you … Continued

5 Tips For Selling Your Rental Property In Chicago

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Managing a rental property with tenants while trying to sell can feel overwhelming. Our bilingual team has helped countless landlords navigate this exact challenge. Check out these practical tips for a smooth, stress-free sale of your rental property! As a landlord in Chicago, there may come a time when you need to sell your rental … Continued

What You Should Know About Real Estate Trusts in Chicago

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Creating an estate plan ahead of time spares your family from managing complex details while grieving your loss. For Chicago homeowners with substantial assets, high gift tax rates can significantly impact your legacy. By establishing a clear estate plan now, you provide your loved ones with genuine peace of mind and ensure your home and … Continued

Can A House Be Sold While In Probate In Chicago?

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When homeowners ask us, “Can a house be sold while it is in probate in Chicago IL?” we confidently tell them “Yes” – but with important guidelines to follow. The probate court closely monitors every aspect of the sale, and as executor, you must carefully oversee all terms. While this process can feel overwhelming, especially … Continued

5 Estate Sale Tips for Property Owners in Chicago

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Are you managing an estate and feeling overwhelmed about how to handle an effective estate sale? While typically conducted after a loved one has passed and the property has gone through probate, estate sales are also valuable during divorces or major transitions requiring the liquidation of household belongings. Working through decades of accumulated possessions can … Continued

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