Your house should be kept ready to show all the time. You never know when a buyer is going to be interested, or your agent is going to call you for a showing. The more you're available and the faster an agent can show the house, the more likely you'll be to make a sale. Make sure the sink and dishwasher are clean and free of dishes, the bathrooms are spotless, and there aren't any dust bunnies hiding in the corners of the room. While it can seem inconvenient, you'll get your house sold faster and that is what matters.
Ditch the Kitsch and Hide Your Opinions
Your kitschy little decorations and political posters are fine when you're living in your home, but when you're trying to sell it you should really
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
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
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.
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%.
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.
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