Jim's Blog

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Real Estate Agent - CENTURY 21-1st Class Homes
RECENT BLOG POSTS
Know the importance of building a good real estate team.  It's vital you find a Realtor you feel comfortable with, but it shouldn't stop there.  Other important members of your home buying team should include a certified home inspector, a lawyer specializing in real estate, and a mortgage profess...
12/26/2007
We are actively interviewing home stagers to join our Schaumburg Chapter of Leads Club.  We currently have twelve active members and are looking to grow our group to thirty.  Meetings are weekly on Tuesday at 7 am over breakfast.  If you, or someone you know is a home stager please call me at 847...
12/26/2007
When I started my real estate career my broker took me to the side and told me the secret to making money in real estate is to buy rental property.  As Realtors we have unique opportunities to know when there are good deals to be had.  I would like to share some of the same advice my broker share...
12/26/2007
This is something that is really starting to confuse me.  When prices are high people seem to want to buy, now that there are deals to be had people aren't acting!  My prediction is that in 2010 when the real estate market is back on track, people will be kicking themselves for not buying in 2008...
12/26/2007
Foreclosures are on the rise.  Know the difference between a HUD and a bank owned home.  A HUD home was originally purchased with FHA financing, so the government purchases the loan from the bank if the owners default.  An ordinary foreclosure was purchased with conventional financing and is owne...
10/22/2007
Thinking about buying new construction?  I'm a certified Century 21 new construction specialist.  Using a Realtor to purchase new construction will not change the purchase price.  Not only will you save money when you list your home with me, I can offer you valuable insight on what upgrades give ...
10/22/2007
After the recent security breach of the Illinois licensee database I urge real estate professionals to put a seven year fraud alert with the credit agencies instead of the 90 day alert.  Anyone interested in identity theft will most likely wait at least 90 days after they've stolen the informatio...
10/22/2007
Possession is typically granted at the time of closing, however, occasionally a seller will need to stay in the property after the closing for a given period of time.  A lawyer will hold some of the seller's money in escrow and the seller will pay the buyer rent for every day he/she continues to ...
10/22/2007
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House Bill 4050 is still in its comment period.  It may soon apply to all of Cook County and not just ten zip codes.  We won't know what the final results will be for at least another 90 days.  HB4050 is legislation that requires first time homebuyers seeking specific loans to meet with a certifi...
10/22/2007
Find out whether or not your village charges transfer stamps when you sell your home and whether the buyer or seller is responsible for purchasing them.  One example is the city of Naperville charges the buyer $3.00 per $1,000.00 of the sale price of the home.  Typically home buyers have a diffic...
10/22/2007
Rainer
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Jim Novak

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