Chicago Real Estate Blog

Negotiating Your Home Purchase Offer

Published on July 25, 2018

Understanding the home purchase offer process is a key part of the buying process. The purchase offer includes more than determining the selling price.  As a buyer, you are also setting the terms that may make your offer more competitive or address your concerns in purchasing a specific property.

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Home Selling Process – Presentation is Important

Published on July 23, 2018

No one will argue that appropriate pricing is key in the home selling process.  However, the presentation of your home for sale is also very important in attracting and keeping the attention of potential buyers.  Otherwise, your pricing has to work harder.  I am not suggesting that sellers be prepared to put forth an HGTV-style […]

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Buying Your First MultiFamily Home in Chicago

Published on July 9, 2018

Buying your first multifamily home can be a great option in Chicago. There is a large supply of available properties and these can be a great long-term investment vehicle. Residential multi-family properties were 13% of homes sold in Chicago in the last 12 months.  Similar to the residential housing market overall, inventory of these homes […]

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Are You Planning to Buy this Year?

Published on July 9, 2018

Are you planning to buy this year?  There are some steps you can take now to be ready to buy this year.

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Tips for Home Sellers to Get to SOLD

Published on July 8, 2018

Tips for home sellers to get their home sold. Sellers have an important role -- pricing right and presentation are just the beginning.

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Avoiding Foreclosure

Published on July 6, 2018

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Home Buying Process

Published on July 1, 2018

Looking for that perfect home or condo in the Chicago area?  Understand the home buying process.   Determine What You Want If you’re planning on buying a home or even a condo, there is one thing you should ask yourself, “What do I want?”.  As you put together the picture of your dream home, think […]

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6 Home Buying Costs to Know

Published on May 29, 2018

There are 6 home buying costs that buyers should be aware of when preparing to search for their new home.  These costs can be significant so you want to take them into account when starting your home search.   Down payment – The days of no down payment are largely gone. Lenders expect you to […]

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The Truth About Chicago South Real Estate

Published on May 21, 2018

 What is Really Happening in Chicago South Real Estate? What is the real truth about Chicago South real estate market?  For Chicago as a whole, property values are almost recovered to levels reached 10 years ago.  This is great news.  There has been a boom in the downtown areas as well as those areas helped […]

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FHA Property Requirements for Appraisal

Published on May 3, 2018

FHA appraisals require repairs for conditions that rise above cosmetic defects, minor defects, or normal wear and tear.   Appraisers must report ALL deficiencies.  This information will assist your confidence that when a contract is accepted, property condition should not be a deal-breaker for you in terms of the appraisal. What Does the Appraiser Look for? […]

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Do You Need to Buy and Sell Your Home at the Same Time – Don’t Stress.

Published on April 26, 2018

Do you need to buy and sell your home at the same time? The process of buying your new home is way more complicated when you must sell your current home too. Many homeowners are either intimidated or confused about the process, but you can avoid some of the stress.  The ideal situation, of course, is […]

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The Perils of Over Pricing Your Home to Sell

Published on April 11, 2018

“I Don’t Want To Give My Home Away!” In almost every conversation I have with potential sellers, the conversation begins with the line “I’m not going to give my home away!!”  Despite comparable sales that clearly show a lower market value, sellers often resist lowering the price.  However, in order to sell, you have to […]

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Are You Financially Prepared to Buy Your New Home?

Published on March 24, 2018

Are you financially prepared to buy your new home?  There is a lot of emphasis put on the credit score when discussing financing qualifications. However, this is not your only concern in being financially qualified to buy. Down payment Most loans will require a down payment (except for VA and USDA loans).  Know, however, that […]

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How to Avoid a Bidding War

Published on March 21, 2018

How to Avoid a Bidding War As a buyer in today’s market, you are likely to encounter at least one multiple offer situation when presenting your offers.  In many neighborhoods and community in the Chicago area, the supply of homes is tight in relation to the number of buyers.  Even in those communities where the […]

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Are You Planning to Sell Your Home This Year?

Published on March 14, 2018

Are you planning to sell your home this year?  Market conditions are great for sellers.  Chicago continues to experience a seller’s market.  A seller’s market indicates more buyers in relation to the supply of homes available.  The median sales price is higher and the days on market is lower.  Of course, market conditions vary for […]

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Tax Advice for Chicago Homeowners 2018

Published on March 7, 2018

2018 is well underway and tax season is here! Tax deductions are definitely one of the benefits of homeownership that you don’t want to miss. If you have any questions on what items are deductible regarding your real estate transaction, my best advice is to consult your tax advisor or accountant. However, the most common […]

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Are You Planning to Buy This Year?

Published on December 22, 2017

Are you planning to buy this year?  There are some steps you can take  now to be ready to buy in the spring. Speak to A Mortgage Lender Speak to a mortgage lender now to see if there are any issues with your credit, debt levels or income. A good loan officer will outline any “tweaks” […]

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Is Your Landlord in Foreclosure?

Published on December 5, 2017

Is your landlord in foreclosure? Tenants are often taken completely unaware that the home they are living in is in foreclosure.  One would hope that a landlord with an imminent foreclosure sales date would give notice to their tenants but …. Foreclosure Process in Illinois Each state has its own specific laws regarding foreclosure. Some […]

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Easy Home Improvements That Add Value and Appeal

Published on November 11, 2017

Many sellers don’t have the funds or inclination to do major renovations when selling their home.  However, there are  easy improvements that can add value and appeal.  These improvements are fairly inexpensive but still make a difference in terms of market value and buyer appeal.  Repairs may only cost you hundreds of dollars to fix but […]

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Tips for Home Sellers to Get to SOLD!

Published on October 20, 2017

Tips for Home Sellers There are several tips for home sellers that can help increase their odds of getting their home sold. Pricing your home appropriately  and preparing it for buyers to view are the beginning.  To get your home sold, however, sellers have other matters which need consideration. Pricing is Key One of the […]

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Closing Costs for Sellers

Published on October 20, 2017

To determine the bottom line from the sale of your home, you will need to factor in several items which will be deducted from the offer price of your home.  Some of these items include the payoff of your mortgage loan, property taxes, and realtor commissions. Your realtor should be able to give you a […]

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How Is Your Credit Score?

Published on September 29, 2017

What goes into FICO® Scores? from FICO B2C Scores on Vimeo. Your credit score is not the only determinant of whether you qualify for a mortgage loan but it is an important one. Having a great credit score may also help you get better terms for your mortgage. However, many people are confused about how […]

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5 Tips to Improve Your Credit Score

Published on September 26, 2017

I remember years ago hearing a speaker talk about how credit scores are calculated.  I never forgot this valuable information and, to this day, use that knowledge in talking to my home buyers.  Improving your credit score is not an overnight process but once started it can really give you a sense of accomplishment.  One […]

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Are You Getting the Best Mortgage for You?

Published on September 22, 2017

Are you getting the best mortgage for you?  Mortgage lenders have minimum qualifying guidelines for getting a mortgage. Most of these guidelines are dictated by the government entities like Fannie Mae, Freddie Mac and FHA. The individual lender may also add its own layer of qualifying guidelines.  These guidelines include such qualifying factors such as […]

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Sellers – Tips for Successful Short Sale

Published on September 15, 2017

The number of homeowners defaulting on their mortgage has declined  significantly compared to a few years ago.  However, a recent article states that the Chicago area has the lowest amount of home equity and the highest number of households that are underwater for big cities.  This points to short sales continuing to be an issue […]

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Tips to Buying Your Chicago Condo

Published on September 7, 2017

Are you thinking of buying a condo in Chicago? The condo market in Chicago remains hot as companies continue to move from the suburbs to the city.  There is also the draw of all the amenities and things to do in the Loop area.  In addition, for those not wanting to deal with exterior maintenance, […]

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Avoid These Two Big Home Mortgage Mistakes

Published on September 1, 2017

We all know that searching for and viewing potential homes is the fun part of the home-buying process. The not-so-fun part?  The home mortgage process. However,  if you don’t pay attention to the details, your mortgage can end up dragging down the enjoyment of your new home and cause some major regrets. Here are a […]

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What to Expect in Your 2017 Home Search?

Published on August 16, 2017

Are you searching for a new home in 2017?  What should you expect? Prices Have Risen The median sales price in the metropolitan Chicago area has risen 22% since July 2014 levels.  However, despite concerns at the end of 2016, interest rates remain historically low.  Many buyers this summer have purchased with rates under 4%. […]

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Have You Checked Your Cook County Property Tax Bill?

Published on August 3, 2017

The Cook County property tax bill was due August 1 this year.  Unfortunately, Chicago homeowners may notice an increase in their property tax bill.  Every three years, Cook County does a reassessment of property values and 2018 is the year for the city of Chicago.  With the increase in property values in the last three […]

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Chicago South Side Market Activity – April 2017

Published on May 8, 2017

Home Prices in Chicago South Real Estate for April 2017 Real estate market data for Chicago south side neighborhoods real estate provided by Millie Lumpkin of Stages Real Estate. Overall, the Chicago metropolitan area as a whole (as well as the city of Chicago) continues to experience a seller’s market in the 12 months ending […]

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Are You Planning to Sell This Year?

Published on March 4, 2017

If you are selling your home this year, there are a few things you can do now to prepare.

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Is it a good idea to remodel before selling?

Published on December 4, 2016

Is it a good idea to remodel before selling your home?  The answer …. “It depends.” The goals with remodeling before selling your home are to increase the value of your home and to attract more buyers.  Generally, upgrades to your home should achieve both goals.  However, before starting a major remodeling project, start with […]

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Renting vs Buying Your Next Home

Published on September 6, 2016

Renting vs Buying Your Next Home Renting vs buying your next home is completely a personal decision.  There is no right or wrong just what feels right or wrong for you.  Each option has its own set of pros and cons. Pros of Renting: Not tied to the home – if you are new to […]

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Chicago Condo Market Stats – July 2016

Published on August 30, 2016

Home Prices in Chicago South Real Estate for July 2016 – Condos/Townhouses Real estate market data for Chicago South real estate provided by Millie Lumpkin of Coldwell Banker Residential. The Chicago metropolitan area condo market continues to experience a seller’s market with a median sales price for twelve months ending July 2016 of $183,500. This […]

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What Is the Difference Between Home Inspection and Appraisal?

Published on July 12, 2016

What is the difference between the home inspection and appraisal? Both are an important part of the home buying process. Both involve an inspection of your home.  However, they are intended for   different primary users.  The primary user of the home inspection report is the home buyer.  The primary user of the appraisal report is […]

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What to Expect in Your 2016 Home Search Process?

Published on July 2, 2016

If you are a first time home buyer or even a buyer that purchased 5+ years ago, the home search process may be at times either frustrating or confusing. Here are some things to expect: Prices Have Risen The median sales price in the metropolitan Chicago area has risen 31% since June 2013 levels.  However, […]

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Chicago Condo Market Activity – May 2016

Published on June 14, 2016

Home Prices in Chicago South Real Estate for May 2016 – Condos/Townhouses Real estate market data for Chicago South real estate provided by Millie Lumpkin of Exit Strategy Realty. Consistent with the trends for the Chicago metropolitan area as a whole, the condo/townhouse market also continues to experience a seller’s market with a median sales […]

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Chicago South Market Activity – May 2016

Published on June 14, 2016

Home Prices in Chicago South Real Estate for May 2016 – Detached Real estate market data for Chicago South real estate provided by Millie Lumpkin of Exit Strategy Realty. Overall, the Chicago metropolitan area as a whole continues to experience a seller’s market. This is a trend that started in fall 2013 and the limit […]

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Chicago South Real Estate Prices for February 2016

Published on March 11, 2016

Chicago South Real Estate Prices for February 2016 – Condos/Townhouses Real estate market data for Chicago South real estate provided by Millie Lumpkin of Exit Strategy Realty. Consistent with the trends for the Chicago metropolitan area as a whole, the condo/townhouse market also continues to experience a seller’s market. For the metropolitan condo/townhouse market, the […]

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Home Prices in Chicago South Real Estate for February 2016

Published on March 4, 2016

Home Prices in Chicago South Real Estate for February 2016 Real estate market data for Chicago South real estate provided by Millie Lumpkin of Exit Strategy Realty. Overall, the supply levels has resulted in a 28.6% increase in the median sales price for detached single family homes compared to February 2013. In the most recent […]

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Chicago Hyde Park Neighborhood

Published on March 4, 2016

Chicago Hyde Park Neighborhood   Hyde Park is a neighborhood on the south side of Chicago. The official boundaries of Chicago Hyde Park are 51st Street/Hyde Park Boulevard on the north, the Midway Plaisance (between 59th and 60th streets) on the south, Washington Park on the west, and Lake Michigan on the east. Hyde Park is one of Chicago’s most […]

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South Loop Neighborhood in Chicago

Published on March 2, 2016

South Loop Neighborhood in Chicago The South Loop neighborhood in Chicago is the area bounded by the Stevenson Expressway (2450 S) on the south, Congress Pkwy (500 S) on the north, from Lake Michigan west to the Chicago River. ZIP codes: 60605, 60616, 60607. Chicago’s South Loop neighborhood is one of the city’s fastest growing […]

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Beverly Neighborhood in Chicago

Published on March 2, 2016

  The Beverly neighborhood in Chicago is located on the South Side on the southwestern edge of the city. The borders are (roughly) 87th Street on the north; Beverly Avenue, Hale Avenue and Vincennes Road on the east; 107th Street on the south; and Francisco Avenue and Western Avenue on the west. Beverly has quick access (by public […]

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Tips for Buying A Home in Spring 2016

Published on February 2, 2016

Tips for Buying A Home in Spring 2016 Many potential homebuyers still use spring as their target to “start looking” for their new home.  If this is true for you, here are some tips for buying a home in spring 2016. Speak to a loan officer now to see if there are any issues with […]

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Top Ten Homeowner Tax Deductions

Published on February 2, 2016

 Top Ten Homeowner Tax Deductions By owning your home, you are eligible to receive many tax benefits throughout the time you spend in your home.  Many of the homeowner tax deductions are related to the mortgage used to finance your home but not all so make sure that you are taking advantage of any deductions […]

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5 Things to Avoid Home Buyer Remorse

Published on December 7, 2015

5 Things To Avoid Home Buyer Remorse Buying your new home can be exciting.  However, in order to minimize any home buyer remorse there are certain things that should be kept in mind.  Here are five things to keep in mind during the home buying process that will help minimize your regrets. Do a Home […]

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Tips on Preparing Your Home for Holiday Guests

Published on November 25, 2015

Tips on Preparing Your Home for Holiday Guests Is your home ready for holiday visits from friends and family? Here are some tips on preparing your home for the invasion.  Preparing your home for holiday guests can sometimes take only a few minutes; sometimes a lot longer.  A piece of advice: Start preparing your home […]

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Property Fraud in Chicago – Check Your Deed

Published on November 13, 2015

Property Fraud in Chicago – Check Your Deed for Theft “It’s easier to steal a house than a car.” That is the message Karen Yarbrough, Cook County Recorder of Deeds, is trying to spread throughout Cook County.  Property fraud  in Chicago is a very real problem as well as other areas across the country.  I […]

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Zombie Foreclosures Still Problem in 2015

Published on September 1, 2015

Zombie Foreclosures Still Problem in 2015 In a standard foreclosure situation, the bank takes possession of the home from the current owner and then sells it at auction. However, sometimes the bank chooses to save on costs associated with seizing the home and never officially forecloses on the property.  The home will become a zombie foreclosure […]

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Are Short Sales Still A Good Idea in 2015?

Published on August 20, 2015

Are short sales still a good idea in 2015? Yes, definitely. As a realtor, I will be the first to say that short sales can be a real pain in the rear. However, despite the paperwork, haggling and the uncertain timelines —- short sales are a good idea for underwater sellers. 5 Reasons to Consider […]

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5 Reasons to Sell Your Home in 2015

Published on August 8, 2015

There are some good reasons to consider selling your home in 2015.  Buyer demand is hot! In the Chicagoland market, the monthly supply of homes on the market was 5.0 and indicates strong buyer demand.  In addition, homes that sold in July 2015 were 97.3% of list price.  Median market time for the 12 months […]

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2015 Cook County Tax Sale – Coming Soon

Published on July 20, 2015

Coming Soon — The 2015 Cook County Tax Sale The 2015 Cook County tax sale is due to begin August 3rd. The Cook County Tax Sale is held bi-annually in early August.  The tax sale this year affects those who have delinquent property taxes for tax years 2013 and prior.  No one can actually take […]

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BREAKING NEWS– NEW 2015 FHA CHANGES

Published on July 17, 2015

New 2015 FHA Changes There are new 2015 FHA changes that may have a significant impact for some buyers.  This may lead to greater urgency for some home buyers. Effective with FHA case numbers assigned on or after September 14th the maximum seller concession is being reduced to 3%.  Currently, the maximum seller concession is 6%. This […]

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Saving for the Down Payment for Your New Home

Published on July 7, 2015

Saving for the Down Payment for Your New Home If you’ve been renting but dreaming of owning a home, you aren’t  alone.  Many would-be home buyers, though, are concerned that they can’t afford it.  Saving for the down payment for a new home is a big concern.  If you’d like to trade in your rental for […]

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NEW LISTING!! 5223 S PEORIA CHICAGO IL

Published on July 3, 2015

NEW LISTING!! 5223 S PEORIA CHICAGO IL Listing Details 5223 S Peoria Avenue, Chicago IL 60609 MLS #:  08970506 # of Units: 2 # of Bedrooms: 6 Building Sq Ft:  2,430 Call Millie Lumpkin at (312) 217-5644 to see if this property is still available and to arrange a showing. For similar multi-unit properties in […]

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Understanding Closing Costs

Published on June 28, 2015

Understanding Closing Costs to Buy Your New Home In addition to the down payment, you’ll also have to pay closing costs to buy your new home as part of the money that you bring to the table.  Closing costs are fees charged by those involved with the home sale (such as your lender for processing […]

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Buying A Condo in Chicago? — The Basics

Published on June 2, 2015

Buying A Condo in Chicago? The Basics Are you thinking of buying a condo in Chicago? The condo market in Chicago is hot!  Like the overall market, condos are experiencing a seller’s market and prices are rising (the median sales price for condos in Chicago is 7.4% higher than prior year levels).  Condos are attractive […]

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Choosing the Best Chicago Neighborhood

Published on May 28, 2015

Choosing the Best Chicago Neighborhood for Your New Home     As a future homeowner, you put a lot of thought into what you want your new home to be. You decide on how many bedrooms, and features like the garage, finished basement, fireplace, master bathroom, etc.  Equally important is finding the right Chicago neighborhood […]

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Chicago Foreclosure Trends – March 2015

Published on April 27, 2015

Chicago Foreclosure Trends – March 2015 Nationally, foreclosure trends have declined significantly.  However, in some states, foreclosure activity continues to be a problem.  It appears that problems remain primarily in those states with a judicial foreclosure process.  Illinois is one of those states. Foreclosure trend levels for Illinois have improved.  Since 2012, foreclosure trend levels […]

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Bronzeville Neighborhood in Chicago

Published on April 20, 2015

Bronzeville Neighborhood in Chicago The Bronzeville neighborhood in Chicago is a community which enjoys a rich history in the city of Chicago.  In the early 20th century, Bronzeville was known as the “Black Metropolis”, one of the nation’s most significant areas of African-American urban history. Today, the Bronzeville neighborhood in Chicago is a popular neighborhood for many […]

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Understanding the Market Value of Homes

Published on April 20, 2015

Understanding the Market Value of Homes The market value of a home is generally determined by the realtor preparing what is known as a Comparative Market Analysis (CMA). Market value is an important key in the home buying process.  It is important in pricing your home if you sell.  It is also important in determining […]

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I’m Not Going To Give My Home Away

Published on April 20, 2015

In almost every conversation I have with potential sellers, the conversation begins with the line “I’m not going to give my home away!!”   Despite the comps, there is the perception that they are being cheated on the price.  Typically, the conversation will include a list of all the past projects and improvements made on the […]

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I'm Not Going To Give My Home Away

Published on April 20, 2015

In almost every conversation I have with potential sellers, the conversation begins with the line “I’m not going to give my home away!!”   Despite the comps, there is the perception that they are being cheated on the price.  Typically, the conversation will include a list of all the past projects and improvements made on the […]

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Tips For Successfully Buying A Short Sale

Published on April 20, 2015

In the Chicago area, many homeowners continue to be underwater in regards to their mortgage.  This is reflected in the percentage of short sales to total available homes in the Chicago metropolitan area.  In February 2015, short sales were 14% of total available.  This is significantly lower than the 30% level of two years ago.  […]

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New Conventional Mortgages with 3% down and Other Low or No-Down payment Options

Published on April 20, 2015

Mortgage lenders are making it easier get approved for a mortgage. Fannie Mae and Freddie Mac have announced a new low-downpayment mortgage program which requires just 3% down at closing, joining other government agencies in offering loans which require little or no money down. In offering a 3 percent down-payment program, Fannie Mae and Freddie […]

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Why Did Your Home's Listing Expire??

Published on February 25, 2015

When you hired your realtor to sell your home, you agreed to a certain time frame to get the job done.  For most sellers in the Chicago area, that period was 6 months to a year.  For many sellers, their home was not sold in that time. There are several elements to the successful marketing […]

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Are You Planning to Buy in the Spring?

Published on February 17, 2015

Many potential homebuyers still use spring as their target to “start looking” for their new home.  If this is true for you, there are some things you can do to be prepared now so you’ll be ready to GO in the spring. Speak to a loan officer now to see if there are any issues […]

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Avoiding A Bidding War Buying Your Home in Chicago

Published on February 15, 2015

“I don’t want to get into a bidding war. “  In the Chicago area real estate market, the supply of inventory remains generally limited and many homes listed for sale are seeing multiple offers presented.  This is great news for sellers.  For buyers, though, there’s a concern about paying too much.  That’s understandable. The most […]

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Winter May Be Best Season to Sell

Published on February 9, 2015

Sellers may be surprised to learn that winter may net a higher sale price than other seasons. This is true even in cold weather cities like Chicago. The reason is partially attributed to lower inventory and more serious buyers. The study cited in the article states that February is considered the best month for listing. […]

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Investors – Understanding the 90 Day Restrictions for Foreclosures

Published on January 14, 2015

As many investors are aware, the FHA flipping waiver expired at 12/31/2014.  Going forward, there is a 90 day waiting period for homes to be eligible for FHA financing.  Sellers will have to wait until the 91st day in order for buyers to be able to use FHA financing to purchase.  Buyer contracts must generally […]

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Fannie rolls out 3% down payment option for homebuyers | 2014-12-08 | HousingWire

Published on December 8, 2014

Fannie rolls out 3% down payment option for homebuyers | 2014-12-08 | HousingWire.

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Are You Planning to Sell in 2015? Get A Head Start on De-cluttering

Published on October 24, 2014

Most sellers tend to wait until they are ready to move to de-clutter their home.  However, getting started now for a spring listing can make this task a lot less stressful and possibly more effective.  By the way, these tips are also great for those not planning to sell but who would just like to […]

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Income Property for Sale in Chicago South Suburbs

Published on October 21, 2014

Search current inventory of Investment Properties for Sale in Chicago South Suburbs Listing Details Income Property for Sale in Chicago Suburbs 15238 Chicago Rd, Dolton IL 60419 MLS number:  08755322 # of Units:  4 # of Bedrooms:  8             Call Millie Lumpkin at 312-217-5644 to see if this property is […]

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Post With Threaded Comments

Published on January 1, 2014

This is an example of a WordPress post, you could edit this to put information about your site so readers know where you are coming from. Create as many posts as you like in order to share with your readers what is on your mind. This is an example of a WordPress post, you could […]

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Post With Sidebar Left

Published on January 1, 2014

This is an example of a WordPress page, you could edit this to put information about your site so readers know where you are coming from. You can create as many pages as you like and manage all of your content inside of WordPress. This is an example of a WordPress page, you could edit […]

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Post With Image Aligned Left

Published on January 1, 2014

This is an example of a WordPress post, you could edit this to put information about yourself or your site so readers know where you are coming from. You can create as many posts as you like. This is an example of a WordPress post, you could edit this to put information about yourself or […]

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Post With Image Aligned Right

Published on January 1, 2014

This is an example of a WordPress post, you could edit this to put information about yourself or your site so readers know where you are coming from. You can create as many posts as you like. This is an example of a WordPress post, you could edit this to put information about yourself or […]

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Post With Image Centered

Published on January 1, 2014

This is an example of a WordPress post, you could edit this to put information about yourself or your site so readers know where you are coming from. You can create as many posts as you like in order to share with your readers what is on your mind. This is an example of a […]

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Post With an Unordered List

Published on January 1, 2014

This is an example of a WordPress post, you could edit this to put information about yourself or your site so readers know where you are coming from. You can create as many posts as you like in order to share with your readers what is on your mind. Unordered list item #1 Unordered list […]

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Post With a Table

Published on January 1, 2014

This is an example of a WordPress post, you could edit this to put information about yourself or your site so readers know where you are coming from. You can create as many posts as you like in order to share with your readers what is on your mind. Developer Location Job Title Brian Gardner […]

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Post With Headlines

Published on January 1, 2014

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What Can We Expect From the Mortgage Settlement

Published on February 25, 2012

More details are coming out about the specifics of the recent mortgage settlement .  As I wrote last week, the settlement was for $25 billion and the settlement was with five of the nation’s largest banks:  Ally Financial (GMAC), Bank of America, Citigroup, J.P. Morgan Chase and Wells Fargo.  However, excluded from this settlement are […]

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Feeling Stuck???

Published on February 15, 2012

I read an article recently that stated that the economic recovery was being hampered by people unwilling to relocate for jobs.  They are unable or unwilling to sell their homes in this current market. For some, an underwater mortgage makes relocation difficult. You also have dual income households where one spouse would be forced to […]

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REO / Short Sales Musings

Published on February 9, 2012

As we move through this crazy real estate market, there are some things that you see happening over and over again that just gets you to shake your head. The “beat the bank” game – In my local market of the Chicago south suburbs, a huge percentage of listings are either REO’s or foreclosures. Many […]

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Is Everyone Still Underwater?

Published on January 31, 2012

Listening to the national news media, the state of the housing market is week by week either improving or still really weak.  The truth is that different markets across the country are in various stages of recovery. The percentage of homes with negative equity (value of the home is less than the mortgage) is seen […]

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Accidental Landlord

Published on May 18, 2011

In this market, there are a lot of rentals which really ended up being more of a “Plan B” solution for a seller. Many sellers seeing the current market value of their home have decided that they “don’t want to give their home away”.  They,  therefore,  decide to rent their home for a couple of […]

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