Legal Question in Real Estate Law in Illinois

Buying a Condominium

How long do you have to cancel a signed contract to buy a condominium?


Asked on 11/20/07, 4:32 pm

2 Answers from Attorneys
Mary McDonagh McDonagh-Faherty Law Offices

Re: Buying a Condominium

You have to look to the individual contract - there are no unequivocal rights to cancel.

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Answered on 11/28/07, 12:03 pm
Peter Olson The Olson Law Firm, LLC

Re: Buying a Condominium

There's never a universal right to cancel. Most contracts provide a 5-Day "attorney review" period that usually allows a buyer to get out of a contract for reasons other than price. What's your reason for wanting to get out of the deal?

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Answered on 11/20/07, 4:36 pm


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