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For All Your Real Estate Needs In Illinois, Iowa, and Wisconsin
(815) 777-1776 office (815) 880-7827 fax
Office Hours 7 Days a Week
© 2016 Old Northwest Land Co, inc.,
a Galena Real Estate property company
All Rights Reserved.
Benefits to Buyers
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Traditionally, buyers of residential real estate worked with real estate brokers or sales associates on a non-agency basis. In other words, the sales associate you worked with acted as the legal agent of the seller and not as the buyer's legal agent.
In 1995, a new Illinois law took effect changing the traditional consumer-broker relationship. Now, it is presumed that the agent you are working with is your designated agent. As a buyer, you have access to listings available to your designated agent through the multiple listing service.
As a buyer, you will also receive other services from your designated agent such as financing information, assistance in determining your particular price range, and assistance in facilitating the closing.
Typically, the buyer and the broker company will enter into a written brokerage agreement. This agreement will identify your designated agent, define the scope of your agent's authority, and will spell out contractual rights and duties between you and the designated agent.
Home Warranty - Home Security Plan
Sell or purchase your home with confidence. We provide protection against the costs of repairing or replacing mechanical and structural systems in your home which fail due to normal wear and tear. We offer a residential warranty product which we believe is the best on the market and provides another effective tool to market your property. The warranty is provided at NO COST DURING LISTING PERIOD. *Homes carrying the warranty sell 17% faster and 2% closer to asking price. The warranty can provide protection to both buyer and seller from unexpected and unnecessary additional cost of repair or replacement of home components not covered by home-owner insurance. e.g. mechanical failure (*National averages) Our warranty plan is offered through .
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