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All Blog Entries by Jack O. Pysz

Found 34 blog entries published by Jack O. Pysz.

Real estate industry keeps growing at a remarkable rate. If you are reading this article, chances are you are considering a career as a real estate agent. Great! I can`t tell you enough how exciting it can be and how much freedom it can get you. Not only a financial freedom but also a new lifestyle where you can dictate your own schedule, what you do, when and how.. You get to meet a lot of great and "not so great" people. But overall, one thing is for sure, sky is the limit in terms of what you can achieve. And it doesn`t matter if you are in your 30's, 40's, 50's or any other age. You can quickly rip the benefits of being a real estate professional. 

There is no such thing as starting too young, or too old, both have their advantages. Many

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Homeownership is a major part of the American Dream. As evidence of that, 91% of Americans believe that owning a home is either essential (43%) or important (48%) to achieving that “dream.” In a market where some people may be unsure about the benefits and possibilities of buying a home, it is important that we remember this.

Homeownership is NOT just about the money. In fact, some of the major benefits are non-financial. Here are a few of those benefits as per the National Association of Realtors:

  • Consistent findings show that homeownership does make a significant positive impact on educational achievement.
  • Several researchers have found that homeowners tend to be more involved in their communities than renters.
  • Early studies of
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More and more Chicagoans start what is called a "house hacking". The purpose and the idea is to offset the cost of owning a primary property by renting out a part of it. This could be accomplished by getting a long term tenant or simply by "AirBnB'ing" it. House Hacking is a term used when the money coming from the extra rent is being used towards paying off the mortgage early and reaping  the benefits of early equity in the property. Every time you make extra (over payment) payment on your mortgage (in most instances) , the entire extra amount is applied directly to the principal, meaning your mortgage payoff graph is being put on steroids.

Check out our mortgage calculator to see how fast you can pay off your mortgage.

 

627 Views, 2 Comments

Graue Woods ElmhurstKnown for its rural feel, North Graue Woods managed to keep its natural, historical look. (North) Graue Woods consists of three streets, just east of Rt83 and just north of North Avenue; River Glen, Shady Ln and Ferndale. The three streets are a home to oversized lots with mature trees, no sidewalks and no pass thru traffic. People who live there love this area for it's rural feel, shade in the summer and no cars, besides friendly neighbors passing by. There have been several new homes built in recent years in Graue Woods, also a few homes have been remodeled and sold to new families. Homes in Graue Woods range from approximately $200,000 all the way to the most recent highest sale recorded at 335 Shady in 2016, a four bedroom home sold for $900,000.00 by

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A property that offers a great outdoor space is taking a higher priority among home buyers. In fact, home shoppers recently surveyed said they would be willing to sacrifice some space from a larger house in order to get a bigger yard.

More than half of 1,000 buyers recently surveyed—or 56 percent—said they’d be willing to sacrifice square footage in a home for a great outdoor space. The survey was conducted by Wakefield Research on behalf of Taylor Morrison, a national home builder.

Survey respondents also rated the home’s distance to neighboring homes as the most important exterior feature. Forty-eight percent of millennials and 53 percent of nonmillennials believe the extra buffer is important, even more so than other curb appeal elements like

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In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their homes on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers.

Here are the top five reasons:

1. Exposure to Prospective Buyers 

Recent studies have shown that 94% of buyers search online for a home. That is in comparison to only 16% looking at print newspaper ads. Most real estate agents have an internet strategy to promote the sale of your home. Do you?

2. Results Come from the Internet

Where did buyers find the homes they actually purchased?

  • 51% on the internet
  • 34% from a Real Estate Agent
  • 8% from a yard
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Even as Americans become more environmentally aware, it remains a challenge to convince home buyers that energy efficiency boosts the value of a home, housing and sustainability experts said Wednesday during the National Association of REALTORS®’ 2017 Sustainability Summit in Washington, D.C. Real estate professionals can demonstrate to buyers that their actions matter by speaking to them about how their purchasing decisions affect environmental preservation, NAR President-elect Elizabeth Mendenhall said.

“Their interest [in energy efficiency] isn’t solely because they’re looking to cut down on household expenses,” she said. “It’s also because more and more Americans have developed more consciousness about what’s environmentally friendly or not.”

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Older Americans are placing a higher value on living in walkable urban centers, according to a new survey of 1,000 respondents nationwide about their living preferences

A majority of respondents surveyed by A Place for Mom, a national referral service, said it was “very important” or “somewhat important” to live in a walkable neighborhood. They also sought neighborhoods with low crime and those that are close to family.

“It’s time to abandon the idea that only millennials and Generation X care about walkability and the services available in dense urban neighborhoods,” says Charlie Severn, head of marketing at A Place for Mom. “These results show a growing set of senior housing consumers also find these neighborhoods desirable. It’s a trend that

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Real estate agent Laura Barnett put a Dallas-area house on the market three weeks ago and quickly received 22 offers, but she did not take the highest offer. Instead, she took the cash offer because that was the only way to ensure the sale would go through.

Sales and prices are moving so quickly in Barnett's market that appraisals are not keeping up. If the appraisal doesn't match the contract price, the buyer doesn't get the mortgage, and the deal dies.

"They're kind of putting a glass ceiling where we can't raise our prices any higher than we have comps to support it, so we're definitely going with more cash offers than we used to," said Barnett, an agent at RE/MAX DFW Associates.

 

The national median price of a home sold in June

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