Advice

A few things you should know about the appraisal process.

Once you are under contract, the buyer’s lender will send out an appraiser to make sure the purchase price is in line with the property’s value.

Appraisals help guide mortgage terms.

The appraised value of a home is an important factor in the loan underwriting process. Although lenders may use the sale price to determine the amount of the mortgage they will offer, they generally only do so when the property is sold for less than the appraisal amount. Also, the loan-to-value ratio is based on the appraised value and helps lenders figure out how much money may be borrowed to purchase the property and under what terms. If the LTV is high, the lender is more likely to require the borrower to

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AVOID MAKING THESE COMMON MISTAKES

WHEN BUYING REAL ESTATE

 

Buying real estate, whether it be a new home, vacant land or commercial property, is often the biggest purchase most of us will ever make. Real estate buyers should beware of these common mistakes in order to ensure that the process resolves smoothly and in their favor.

  Many buyers mistakenly begin browsing through online listings, determining how many bathrooms they want and figuring out how much square footage they will need before   they check their credit report and score.  When the decision to buy property is made, purchasers should get a copy of their credit report and go over it in depth in order to ensure that there are no inaccuracies. This should be done a few months

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  What is your favorite style? Just let us know in the comments. We have a $5 Starbucks gift card for a winner who we will announce on Monday, November 14th at 9am.

 

 

Residential Styles

ART DECO	BUNGALOW	CAPE COD	COLONIAL	CONTEMPORARY	CRAFTSMAN
CREOLE	DUTCH COLONIAL	FEDERAL	FRENCH PROVINCIAL	GEORGIAN	GOTHIC REVIVAL
GREEK REVIVAL	INTERNATIONAL	ITALIANATE	MONTEREY	NATIONAL	NEOCLASSICAL
PRAIRIE	PUEBLO

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An Election Year Brings Uncertainty and That’s Bad for Real Estate

Every time the change is coming some buyers will be extremely wary, especially the closer to the election day it gets.

Fewer Large Purchases Are Made During Election Years

The biggest problem is that nobody really knows what the next president is going to do. A new elected president can affect the job market, the economy, and the nation’s healthcare system, therefore many Americans simply don’t want to risk making the largest investment of their life.

How Much Do Elections Impact Sales?

Study shows that prices of homes tend to drop typically by around 4% just months before the election. The following year brings a rebound of about 5.5%.

Look for a home in Chicago

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Great, you are out and looking for the perfect house... Often it is hard to decide and remember every house you have seen. We have prepared this cheat sheet for you, so it is easier to make the decision when time comes. Click on the link below to open the .pdf.

                                   Open a .PDF file

October 4th, 2016

Chicago, IL – Redco Realty, a full-service Chicago-based real estate agency recently recognized as one of the 20 fastest growing real estate companies in the Chicagoland area by Chicago Agent Magazine, this week announced they are expanding their reach and officially opening a second office at 2932 N Milwaukee in Chicago. Nate Buttrey, a rising star and a top producer in the Redco Realty operation, will manage the new location. Mr. Buttrey is a very successful broker with years of experience in representing buyers and sellers and real estate is his calling.
Born from a passion for providing a community atmosphere and incomparable support to prospective clients, Redco, above all else, values the customer and provides unwavering customer

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