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What Happens after a Home Inspection?

Sellers often dread this crucial stage of the home selling, but home inspection for buyers is a definitive factor to weigh their final choice. It allows them to identify all the structural deficiencies or cosmetic shortcomings of the house they intend to purchase. A home inspection for buyers is a major factor in any given real estate investment and legal contracted. Once the inspection has been conducted, the two parties…

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How do Property Taxes Affect your Monthly Payment?

Home buying is a process that accompanies a wide range of calculations and considerations. When calculating their affordability and monthly payments, many home buyers overlook a crucial payment: property taxes. Property taxes are a part of the monthly housing budget and it is important to calculate them when you are planning your budget for a home purchase. They are an additional cost that many people overlook, and they can often…

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The ins and outs of 1031 Exchanges

Often part of an investor’s strategy is to eventually sell one property and buy another property (or properties.) Unless steps are taken to avoid it, there will be taxable consequences when this occurs. Using a 1031 Exchange, an investor can avoid the taxation that would normally occur with such a sale. Simply put, the IRS has an option for investors to defer taxation when they sell a property if they…

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Home Buyer’s Checklist

As a potential home buyer, there is much to do, and you can’t keep track of it all! Have no fear, the checklist below will help you stay organized and focus on the pertinent items needed for your home buying journey. Should you need any other important information, we’re available for your questions. What Can You Afford to Pay? Essential factors you must consider on your journey include your current…

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How to Get the Best Financing Rates

The word financing can strike fear into most anyone’s heart, especially when you’re in the market for a new home. Being a home buyer, getting the best financing rates is important. You might see one home you like and want, but then you see the home you can get, and the indecision begins. No worries, we’ve put together a handy and useful guide with information on how to get the…

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Chicagoland Real Estate Market Trends in November 2019

The Chicagoland real estate market has been somewhat sluggish in 2019. For the month of October 2019, the median home prices (the midpoint price of all the homes sold in Chicago) were lower compared to the same period in 2018. The number of homes sold is slightly down as well. In this article, we will look at some of the key trends in the Chicagoland real estate market. We’ll also…

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Homeowner Insurance, What You Should Know

As a new home owner, or someone that has owned a home before, one thing that can spoil your day, is the thought of buying homeowner’s insurance. If it isn’t the price quotes that get you, it’s the fact that homeowners insurance can become confusing to many people. With all of the rules, the prices, what is covered, what is not covered, and what can happen if...Homeowners find the task…

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How a CMA Can Help You as a Buyer

What is a CMA? A CMA is a Comparative Market Analysis, which is an analysis of homes similar to the ones you are considering for buying or selling. What it does is examine recently sold homes, also called comparables, that feature similarities to those you are checking into, or interested in. It is beneficial to both sellers and buyers, for several reasons we will examine here, focusing on how it…

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Renting Vs Buying, Which is Better?

This is an interesting question because the answer often lies in your personal preferences. Part of the American dream used to be wanting to be a homeowner, but this has changed since the Great Recession from 2007-2009. Since that time, renting a home instead of buying has increased and continues to do so. Real estate is a booming market, and has been for several years, yet why are some people…

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How Do You Handle a Final Walk-Through with a Client? Do You Use a Checklist?

One of your final tasks as a home buyer is to walk through the new house one last time before signing any papers. While this step may not seem necessary to you since you’ve done everything else and are ready to sign the papers and get your new keys, trust us when we say that this step should be taken very seriously. If it is not something you can do,…

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