Interest rates have a direct relationship with the amount of home you can afford to purchase. The higher the interest rate, the lower the purchase price of the home.
This year we celebrate 50 years since the "Fair Housing" law was passed (http://history.house.gov/HistoricalHighlight) by the U.S. Federal government. This law "prohibits discrimination by direct providers of housing, such as landlords and real estate companies as well as other entities, such as municipalities, banks or other lending institutions and homeowners insurance companies whose discriminatory practices… Continue reading Is Fair Housing Still Fair Housing?
The key thing that you should stay on top of when you're purchasing a home is the deadlines! Every contract has deadlines that need to be met or you could lose your deal.
Owning a condo or a townhome may be a great option for you. There are pros and cons to owning a condo but at the end of the day, you want to make sure what you chose to buy is in alignment with your lifestyle. Maintenance & Living Space Pros: Condos and townhomes offer a… Continue reading Benefits of Owning A Condo or Townhome
Yes, it's true. Spring is right around the corner and you know what that means, it's moving time! Most renter's leases are up between March 30 - June 30. So what are you going to do this year? Are you going to stay put and just resign your lease, even if your rent goes up,… Continue reading Put Your Home Buying Fears to Rest: Memoirs of A First Time Home Buyer
One of my clients recently called me and told me that her co-worker just bought a condo in downtown Chicago without getting an appraisal. I nearly freaked out. "What? Why?", was all I could get out of my mouth because I was astonished by this. She said that their real estate broker told them that… Continue reading You Don’t Need To Get An Appraisal To Buy A Home???