Legal Question in Real Estate Law in Illinois

sales of property

how old must a person be in illinois to buy properety and enter into that legal contract?


Asked on 6/19/08, 7:47 am

2 Answers from Attorneys
Walter Palmer Law Office of Walter Palmer

Re: sales of property

The law says 18, but the lender is not required to loan money to anyone and if they don't like the borrower's age, that's it.

If you can buy the property without a loan then there is no problem.

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Answered on 6/19/08, 9:13 am
Nicholas Chrisos Nicholas G. Chrisos Attorney at Law

Re: sales of property

A person has to be 18 to enter into a legally binding contract in Illinois.

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Answered on 6/19/08, 12:10 pm


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