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?
Buying or selling a home is an emotional thing. Real estate professionals such as your real estate agent, loan officer, and real estate attorney (if you're in a state that requires a real estate attorney for all real estate transactions) that you decide to work with should be using their expertise to help make the… Continue reading Stay In Your Lane!
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.
If you're buying a home, it's always a good idea to get a home inspection. A home inspection provides you with details about things that may need attention or need to be repaired in the property.
Throughout my many years working in real estate sales, I've noticed a common clash within the industry between real estate agents and home inspectors. I personally don't understand why some real estate agents that are representing the seller take it personally when a home inspector's report reflects some repairs needed to the property. I have… Continue reading Real Estate Agents Vs Home Inspectors
Closing costs are, in my opinion, one of the most misunderstood aspects of buying a home. It's extremely common that I come across a buyer who is adamant about having the "seller pay their closing cost" as if they are getting something for free from the seller because, in reality, YOU are paying for it. I don't know where this myth began but I'm here to let you know how it REALLY works.
As we head into the spring moving market, there are numerous cities across the United States that are suffering from the lack of quality homes for sale. Inventory is tight! People who want to sell their home have to have their new home secured in a contract before they put their house on the market or they could be stuck without a place to live.
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
Those who know me, know that I didn't get into real estate to make a billion dollars. I got into real estate because I wanted to help people have the right information that they needed so they can make a smart financial decision when buying a home. Over the years I've seen a lot of… Continue reading Illinois Real Estate Closings- Are clients getting screwed financially?