How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask David L Your Own Question
David L
David L, Lawyer
Category: Real Estate Law
Satisfied Customers: 3255
Experience:  Attorney licensed in multiple jurisdictions.
Type Your Real Estate Law Question Here...
David L is online now
A new question is answered every 9 seconds

I am going to look at a house tomorrow. The seller wants

Customer Question

I am going to look at a house tomorrow. The seller wants 4,000 down and the balance in 30 days. He states he needs the 4,000 to make sure I am going to buy the place and also to repair the roof. I have not done a title search for liens, but I do have the sellers name and address. He is holding the house for me, even though I told him if he gets a buyer all he has to do is let me know. How do I protect myself against him taking the 4,000 and not upholding fixing the roof or selling the place to somebody else?
Submitted: 1 year ago.
Category: Real Estate Law
Expert:  David L replied 1 year ago.

Hi and thanks for asking your question. My name is ***** ***** I will be assisting you. To protect yourself, it would be important to enter into a written contract with the seller when you give him the $4,000. That way, you are protected with a written agreement. You can use a standard Illinois contract form, such as this one:​. The other thing you should so is pick a title company to close the sale, put their name in the contract as escrow agent, and give your $4,000 to the title company to hold in escrow. It is probably not a good idea to give your deposit directly to the seller.