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Believe it or not but we ran into another multiple offer recently. These still can happen in a strong buyers market and often do happen when you’re looking on the lower end of price ranges. Which of course is the tune of the day in the real estate world. Here’s how it went down… I [...]
Continue Reading →When it comes to selling your home there are many factors that lead to a successful sale. A few concerns that we hear from sellers are… marketing, open houses, beautiful photographs, etc. While these are indeed important, there are TWO items that you must be 100% accountable for in order to sell regardless of your property type.
1.) Price. This is [...]
Continue Reading →Many people ask what the difference is between a short sale and a foreclosure. Here it is nice and simple in 2 real world examples…
Short Sale: someone would like to sell their home but it’s now worth less than what is still owed on the mortgage. IE: Bill wants to sell his house but it’s real market value [...]
Continue Reading →This blog came about because I recently toured a home for sale that was beautifully renovated and exceptionally clean and well maintained. The problem was that it was right on the Metra tracks, land locked w/ no parking. When reviewing the comparables to establish the homes value, we had to significantly consider these factors. Here [...]
Continue Reading →THE CHAIN REACTION OF OVERPRICING YOUR HOME
Many sellers make the mistake of trying to start high on pricing, hoping to sell their property at the highest possible price, then assuming that they can lower the price down the road if the property does not sell. This can be very damaging to the end result. [...]
Continue Reading →Marketing is great. Cooperation with the MLS and area brokers is great. Flyers, brochures, emails and open houses are great too. They all certainly help get the word out about your property. Do they help SELL your property? No, a home always speaks for itself. Every buyer from a rookie to a pro is looking at [...]
Continue Reading →When looking to purchase a home in Chicago there are dozens of variables competing for your attention: neighborhoods, #of beds, # of baths, outdoor space, garage parking, pet friendly, laundry in the unit, price point, and on and on! To help focus the search I found that a great starting point is to ask yourself one simple question and then to pay [...]
Continue Reading →It’s critical to know what you’re out of pocket financial commitment is when purchasing a home. While every transaction is different, I chose this transaction beacuse its terms are relatively common in the market. This home was a $250,000 condominium in the City of Chicago.
UPON CONTRACT ACCEPTANCE / FIRST WEEK
1.) Appraisal $375
2.) Initial [...]
Continue Reading →I get questions on Cook County real estate taxes all of the time! Here’s the short version on how they break down. For more detailed info, check out the websites below:
County taxes are paid in “arrears”. Meaning that the tax bill you pay this year actually goes towards last years taxes. This is often [...]
Continue Reading →What Is YOUR Home Worth?
