Law Offices of David R Schlueter LTD

Law Offices of David R Schlueter LTD Trusted Advisor to Business Owners and Their Families Former clients feel free to "Like"

Dave has been serving individuals and families and businesses and their owners for thirty years by providing quality legal services with integrity. Commercial and residential real estate, estate planning and business law - all initial consultations are at no charge.

🏠 SELLER’S REMORSE: Can You Cancel a Home Sale Because a Better Offer Comes Along?During my recent appearance on Home Sw...
08/11/2026

🏠 SELLER’S REMORSE: Can You Cancel a Home Sale Because a Better Offer Comes Along?

During my recent appearance on Home Sweet Home Chicago with David Hochberg on WGN Radio, we discussed an issue I’m seeing more often in today’s real estate market.

You’ve accepted an offer. The contract is signed. The buyer has financing lined up and the inspection is completed.

Then another offer comes along for $30,000 more.

Can you simply cancel the first deal and take the extra money?

Generally, no.

Once you sign the real estate contract, your home is effectively under contract. Before signing, you can certainly compare competing offers. But after signing, getting a better offer doesn’t automatically give you the right to walk away from the deal you already made.

As I said on the show, I sometimes get the call:

👉 “Dave, do your magic. This offer is $30,000 more. Get me out of the first deal.”

My answer? I’m not going to do it simply because a better offer came along.

Illinois law recognizes principles of good faith and fair dealing. Trying to manufacture a reason to terminate an otherwise valid transaction simply because another buyer offered more money can potentially lead to a dispute, litigation, and even tie up the sale of your property.

There ARE legitimate contractual situations where another offer can come into play. For example, certain home-sale contingencies may contain what is commonly called a “bump-out” provision, allowing a seller to proceed with another qualified offer after following the required contractual procedure.

But that’s very different from plain old seller’s remorse.

Or, as I put it on the radio, sometimes the synonym for seller’s remorse is simply “greed.”

⚖️ The takeaway: Before you sign a real estate contract, make sure you’re comfortable with the price and terms. Once you sign, don’t assume you can simply change your mind because someone offers you more money.

Have questions about buying or selling a home in Illinois? The Law Office of David R. Schlueter can help you understand your rights and obligations before a real estate issue turns into a legal problem.
https://loom.ly/eWOjVk0

Did you know Itasca IL attorney Dave Schlueter is a frequent contributor on WGN Radio 720 Home Sweet Home? In this sessi...
08/10/2026

Did you know Itasca IL attorney Dave Schlueter is a frequent contributor on WGN Radio 720 Home Sweet Home? In this session Dave talks about some costing deed mistakes that occur when the attorney does not practice due diligence prior to closing.
Follow us to see schedule for future radio spots.
https://loom.ly/x7W6v68

Keep your home out of probate? It may be easier than you think.Dave Schlueter explains TODIs and how they work on WGN.▶️...
08/10/2026

Keep your home out of probate? It may be easier than you think.

Dave Schlueter explains TODIs and how they work on WGN.

▶️ https://loom.ly/qmO8HG8

🎙️ Hear Attorney David R. Schlueter on WGN Radio!This Saturday, August 1, from 10:00 AM–2:00 PM, Dave will be featured o...
07/31/2026

🎙️ Hear Attorney David R. Schlueter on WGN Radio!

This Saturday, August 1, from 10:00 AM–2:00 PM, Dave will be featured on Home Sweet Home Chicago on WGN Radio 720 AM, answering callers' questions about real estate law and other important legal topics.

If you're buying or selling a home, planning your estate, or have questions about probate or real estate transactions, tune in for practical legal guidance.

Some possible topics may include buyers remorse from real estate transactions when a seller gets a higher offer after they accept a previous offer or disputed wills and trusts.

📅 Saturday, August 1, 2026
🕙 10:00 AM–2:00 PM
📻 WGN Radio 720 AM

Need legal advice after the show? Contact the Law Office of David R. Schlueter to schedule a consultation.

🌐 www.wgnattorney.com

🛡️ How Can You Reduce the Risk of a Will Challenge?A well-crafted estate plan doesn't just distribute your assets—it can...
07/23/2026

🛡️ How Can You Reduce the Risk of a Will Challenge?

A well-crafted estate plan doesn't just distribute your assets—it can also help reduce the likelihood of future disputes among your loved ones.

Here are a few important ways to strengthen your estate plan:

✅ Consider using trusts to help avoid probate and reduce opportunities for challenges

✅ Follow all legal ex*****on requirements to help ensure your documents are valid

✅ Document your mental capacity and intentions when signing your estate planning documents

✅ Be clear and intentional about how your assets will be distributed

✅ Keep beneficiary designations and other estate planning documents consistent and up to date

📋 Careful planning today can help protect your wishes tomorrow. A thoughtfully prepared estate plan makes unnecessary disputes more difficult to raise while providing greater peace of mind for you and your family.

📞 Questions about protecting your estate?

The Law Offices of David R. Schlueter can help you develop an estate plan designed to reflect your wishes and minimize future conflict.

☎️ Call (630) 285-5300

📧 Email: [email protected]

What concerns do you have regarding probate? How can you steer clear of it? Check out this brief video to uncover more i...
07/20/2026

What concerns do you have regarding probate? How can you steer clear of it? Check out this brief video to uncover more insights. https://loom.ly/VONWY1I

Is your home actually titled in your trust?In this segment from Home Sweet Home Chicago, estate planning and real estate...
07/15/2026

Is your home actually titled in your trust?

In this segment from Home Sweet Home Chicago, estate planning and real estate attorney David R. Schlueter explains a common and costly mistake families make — creating a trust but never transferring the deed into it.
https://loom.ly/HWcR5qU

Address

401 W Irving Park Road
Itasca, IL
60143

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Monday 8:30am - 5:30pm
Tuesday 8:30am - 5:30pm
Wednesday 8:30am - 5:30pm
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Friday 8:30am - 5:30pm
Saturday 9:30am - 12pm

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