RECENT BLOG POSTS
Chicago’s housing market is starting to pick up as new houses are hitting the market. While we are still in a down economy and by many predictions the housing market won’t fully recover for several years (probably around 2013), now is still a great time to buy or upgrade your home. Predictions ...
02/01/2010
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There are a lot of questions that people have regarding the federal housing tax credit. The questions vary from what type of property can I use the credit on to when will I get the money to am I elegible for the credit. All of these are excellent questions and should be answered before you buy ...
01/31/2010
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Sometimes the best learning experience is one that someone else has. So, today I’ll share mine with you. While it wasn’t so much of a learning experience as a reminder of how quickly things can go wrong. I was cooking up a burger this afternoon in a small frying pan, nothing to dangerous abou...
01/31/2010
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The FHA has announced their new lending policy changes. In order to address risks and strengthen their finances and reserves the FHA has put new guidelines into effect. A couple of the most notable changes are a rise in the initial mortgage insurance premium up to 2.25%. The FHA will continue to ...
01/31/2010
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The first step in you adventure should be to meet with a licensed Illinois Realtor®. The Realtor® can walk you through the steps that you will need to get yourself into your dream home. I will cover the basics here to give you an idea of what to expect. There is no substitute for meeting with a ...
01/31/2010
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CNN published an article last month on its website forecasting the economic outlook for the housing market next year. This article predicts a mild drop in housing prices for the Chicago area. It continues predictions of a raise in interest rates early next year and a soft job market which coul...
01/31/2010
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Just a reminder the $8,000 government tax credit has been extended. First time home buyers would have until April 30th to sign a purchase agreement and until June 30th to close on the sale of the house. The tax credit was set to expire the end of November of 2009 but, because of the success of ...
01/31/2010
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Electrical safety Knowing your home’s electrical system is an important safety measure that can prevent both fires and injuries. It is important to go over your electrical system with a qualified person prior to or upon taking possession of your home. Below I will go over some of the basics of t...
01/31/2010
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Know your house before you buy. The importance of knowing the overall condition of your house and the mechanical systems prior to purchasing can’t be overstressed. You are making an investment in your future and want as few surprises as possible down the line. That’s why every future home buyer ...
01/31/2010