Marcel Murrell's (murrellm) Blog

Real Estate Broker/Owner - Prime Market Realty
What to look for in a Property Management Company?   Do they offer a level of Transperancy Some companies will tell you everything is fine, but later to find out that the work or any issues haven’t been resolved; which inevitably increases turn-over. You want to find a company that will log and u...
Should I Rent Out My House or Sell It? This question has probably ran across the minds of many homeowners, and probably much more  now since this buyer’s market is forcing many buyer’s to make tougher decisions regarding their property.  Every situation is different, some rent out their homes du...
On Feb 1, 2010, FHA borrowers will finally have access to a broader array of recently foreclosed properties. Just released on Friday January 15, 2010, HUD announced that the ban that prohibited FHA from insuring a home owned by a seller less than 90 days will be lifted.  This new policy will go i...
REOs vs. Foreclosures which one provides a better property investment? Chicago | Illinois It’s probably not a week that goes by that I hear this question asked from either new real estate investors or home buyers looking to get the best deal.  Unfortunately in this economy there is a surplus of ...
Should I hire a Property Management Company for my rental property? | Chicago, Illinois It can be common for new landlords or real estate investors to see past some of the many issues they can face in renting out their property or home.  If it was just a matter of collecting rent, and maybe the ...
With so many questions about the economy and the overall market, its very important to be knowledgeable before making any purchase or sell in real estate.   So how does the Joliet IL real estate market look these days?  Currently Joliet has a average listing price for homes for sale of $162,728. ...
  How to qualify for a VA home loan, and the max VA loan amount in Illinois   Being prior military, I took advantage of using my VA loan for my first home purchase back in 2002. If you are currently in the military or prior military and meet the eligibilty requirements, then using your VA is a gr...
Should I buy a home now?  First-Time Home Buyer Tax Credit, Grants, Buyer's Market There are many fears about the market right now.  Many families face the question whether they should buy now or wait.  Of-course you want to evaluate your position on if you are ready, such as your job status, fin...
To stage your home or not to stage when selling your home   Staging your home doesn't have to be expensive, the cost can be as low as $250 to $2,500 or more.  Statistics show that 95% of staged homes will sell twice as fast and for 6-10% more money!  For an average home, that’s a $30,000 - $50,00...

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