Chicago Illinois Seller's Information for Appraiser provided to Buyer

• Category: Illinois Real Estate - Home Sale
• State: Illinois
• City: Chicago
• Control #: IL-00472-2
• Format: Word; Rich Text

Description

This Seller's Information for Appraiser provided to Buyer form is used by the Buyer in Illinois to provide information required by an appraiser in order to conduct an appraisal of the property prior to purchase. The Seller provides this completed form to the Buyer, who furnishes it to the appraiser. This form is designed to make the transaction flow more efficiently. The Chicago Illinois Seller's Information for Appraiser provided to Buyer is a comprehensive document that contains crucial information about the property being sold. It serves as a valuable resource for appraisers to assess the fair market value of the property accurately. The information provided in this document is essential in determining the property's condition, features, history, and other relevant details influencing its value. This document includes various types of Chicago Illinois Seller's Information for Appraiser provided to Buyer, namely: 1. Property Details: This section lists the fundamental information about the property, such as its address, legal description, and parcel number. It also includes the property's size, dimensions, and any unique characteristics that may affect its value. 2. Property Ownership: This segment provides details about the current owner of the property and their contact information. It may also include information about any previous owners and the duration of their ownership. 3. Property History: This portion comprises a comprehensive history of the property, including its purchase and sale transactions. It may also disclose any significant changes or renovations made to the property over time. 4. Property Condition: This section describes the overall condition of the property, both interior and exterior. It includes information about any repairs or improvements made, such as renovations, updates to the electrical or plumbing systems, or the installation of new fixtures. Any damages or existing issues, such as structural problems, water damage, or pest infestations, should also be noted. 5. Property Features: This part highlights the key features and amenities of the property, such as the number of bedrooms and bathrooms, the presence of a garage, swimming pool, or backyard. It may also include additional details about the landscaping, appliances, heating and cooling systems, and any other unique characteristics that add value to the property. 6. Property Taxes: This segment provides information regarding the property's tax assessment and any outstanding tax obligations. It includes the current tax rate, any exemptions or deductions applicable, and the payment history. 7. Homeowners Association (HOA) and Special Assessments: If applicable, this section outlines the details of any HOA fees, rules, and regulations that the buyer will have to abide by. It also includes information about any recent or upcoming special assessments that may impact the property's value. 8. Disclosures: This part is crucial as it discloses any known issues or potential hazards associated with the property. It includes disclosure related to environmental hazards, such as lead-based paint, asbestos, radon, or mold. It may also include disclosure concerning easements, encroachments, or neighborhood nuisances. The Chicago Illinois Seller's Information for Appraiser provided to Buyer aims to present a comprehensive overview of the property, enabling the appraiser to make an accurate evaluation. It serves as a critical tool in the appraisal process, ensuring transparency and facilitating a fair and reliable assessment of the property's market value.

The Chicago Illinois Seller's Information for Appraiser provided to Buyer is a comprehensive document that contains crucial information about the property being sold. It serves as a valuable resource for appraisers to assess the fair market value of the property accurately. The information provided in this document is essential in determining the property's condition, features, history, and other relevant details influencing its value. This document includes various types of Chicago Illinois Seller's Information for Appraiser provided to Buyer, namely: 1. Property Details: This section lists the fundamental information about the property, such as its address, legal description, and parcel number. It also includes the property's size, dimensions, and any unique characteristics that may affect its value. 2. Property Ownership: This segment provides details about the current owner of the property and their contact information. It may also include information about any previous owners and the duration of their ownership. 3. Property History: This portion comprises a comprehensive history of the property, including its purchase and sale transactions. It may also disclose any significant changes or renovations made to the property over time. 4. Property Condition: This section describes the overall condition of the property, both interior and exterior. It includes information about any repairs or improvements made, such as renovations, updates to the electrical or plumbing systems, or the installation of new fixtures. Any damages or existing issues, such as structural problems, water damage, or pest infestations, should also be noted. 5. Property Features: This part highlights the key features and amenities of the property, such as the number of bedrooms and bathrooms, the presence of a garage, swimming pool, or backyard. It may also include additional details about the landscaping, appliances, heating and cooling systems, and any other unique characteristics that add value to the property. 6. Property Taxes: This segment provides information regarding the property's tax assessment and any outstanding tax obligations. It includes the current tax rate, any exemptions or deductions applicable, and the payment history. 7. Homeowners Association (HOA) and Special Assessments: If applicable, this section outlines the details of any HOA fees, rules, and regulations that the buyer will have to abide by. It also includes information about any recent or upcoming special assessments that may impact the property's value. 8. Disclosures: This part is crucial as it discloses any known issues or potential hazards associated with the property. It includes disclosure related to environmental hazards, such as lead-based paint, asbestos, radon, or mold. It may also include disclosure concerning easements, encroachments, or neighborhood nuisances. The Chicago Illinois Seller's Information for Appraiser provided to Buyer aims to present a comprehensive overview of the property, enabling the appraiser to make an accurate evaluation. It serves as a critical tool in the appraisal process, ensuring transparency and facilitating a fair and reliable assessment of the property's market value.