Illinois real estate contract deadlines
The default deadlines in Illinois's standard purchase contract, how each one is counted, the holidays that move them, and a free calculator.
Calculate your dates
Your contract's numbers
Change any number to match your contract. Blank uses the form's default.
Enter the acceptance date to see your deadlines.
Some deadlines count from when a document arrives (like the seller's disclosures). Closima starts those when you file the document.
Default deadlines
From the Multi-Board Residential Real Estate Contract 8.0 (2025); Chicago Association of REALTORS contract also used.
| Deadline | When it's due |
|---|---|
| Earnest money | The number of business days in your contract, counted from acceptance |
| Attorney review ends | 5 business days after acceptanceYour contract can change the number |
| Inspection notice | 5 business days after acceptanceYour contract can change the number |
| Financing contingency dateFinanced | 45 days after acceptanceMoves to the next business day if it lands on a weekend or holidayOr 5 business days before closing, whichever is earlierYour contract can change the number |
| Buyer may terminate after a late Residential Real Property Disclosure (3 business days) | 3 business days after the disclosure report arrived |
| Closing | Closing dateMoves to the next business day if it lands on a weekend or holiday |
Business days and holidays
Business days skip weekends and these Illinois holidays. A deadline counted in business days never lands on one.
2026
- New Year's DayThu, Jan 1
- Martin Luther King Jr. DayMon, Jan 19
- Presidents' DayMon, Feb 16
- Memorial DayMon, May 25
- JuneteenthFri, Jun 19
- Independence Day (observed)Fri, Jul 3
- Labor DayMon, Sep 7
- Columbus DayMon, Oct 12
- Veterans DayWed, Nov 11
- ThanksgivingThu, Nov 26
- Christmas DayFri, Dec 25
2027
- New Year's DayFri, Jan 1
- Martin Luther King Jr. DayMon, Jan 18
- Presidents' DayMon, Feb 15
- Memorial DayMon, May 31
- Juneteenth (observed)Fri, Jun 18
- Independence Day (observed)Mon, Jul 5
- Labor DayMon, Sep 6
- Columbus DayMon, Oct 11
- Veterans DayThu, Nov 11
- ThanksgivingThu, Nov 25
- Christmas Day (observed)Fri, Dec 24
Let Closima run these deadlines for you
Forward the signed contract. Closima reads it, sets every deadline, and you check and adjust them. Your first 3 transactions are free.
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These are the printed defaults of the standard form. Your signed contract and its addenda control, and the numbers often change from deal to deal. Always check each date against your contract. This page is general information, not legal advice. Last updated October 2026.