What Is the Effective Date of a Real Estate Contract in Illinois?

This question is about Illinois Real Estate Purchase Agreement

What Is the Effective Date of a Real Estate Contract in Illinois?

In Illinois, the effective date of a real estate contract is the date the buyer and seller agree to the terms of the contract and have it executed. All contract obligations are binding and enforceable on the effective date.

The information for this answer was found on our Illinois Real Estate Purchase Agreement answers.