Posts in category "Home Buying"

Why Good Realtors Will Only Work With Buyers On An Exclusive Basis

Why Good Realtors Will Only Work With Buyers On An Exclusive Basis
This is one of those rare moments when I’m actually in agreement with the real estate industry zealots but I didn’t always see it this way. Before I became a realtor I felt like, as a home buyer, I should be able to work with multiple real estate agents and whoever found me the best... Read more »

Free Money: Lender Giving Away Up To $20,850 To Each Home Buyer

Free Money: Lender Giving Away Up To $20,850 To Each Home Buyer
Seriously. I kid you not. Free money. There is some lender out there giving home buyers up to $20,850 each! And you better believe that the government is almost certainly behind this. I was contacted by one of our mortgage bankers the other day with news of this incredible program and it is indeed for... Read more »

Mortgage Rates Have Spiked And It's Trump's Fault

Mortgage Rates Have Spiked And It's Trump's Fault
In case you haven’t already noticed, it looks like we can blame the election for something else now – a huge spike in mortgage rates. The last couple of weeks have been full of surprises. Not only did nobody (I don’t really think that’s a double negative) predict the outcome of the election but nobody... Read more »
Advertisement:

When A Mortgage Pre-Approval Is Not Worth The Paper It's Printed On

When A Mortgage Pre-Approval Is Not Worth The Paper It's Printed On
Many people, but not everyone, are aware of this but when submitting an offer to buy a home the buyer really should provide a pre-approval letter from a lender that basically says they look good for getting a mortgage for the purchase price less the down payment – assuming the buyer is going to be... Read more »

The Right And Wrong Way To Get A Real Estate Commission Rebate

The Right And Wrong Way To Get A Real Estate Commission Rebate
Yesterday I posted on real estate commission rebates, which are apparently the best kept secret in the real estate industry. Assuming you want to get a rebate on the purchase of your home you need to know that there is a right way and a wrong way to go about doing this. The absolutely wrong... Read more »

Real Estate Commission Rebates: The Best Kept Secret In The Real Estate Industry?

Real Estate Commission Rebates: The Best Kept Secret In The Real Estate Industry?
You would think that something as basic and lucrative as real estate commission rebates would be pretty well known and sought after by home buyers but apparently, and shockingly, they are still a very well kept secret. A simple check of Google Trends shows that in the entire Chicago area maybe only 30 people per... Read more »
Advertisement:

What The Chicago Property Tax Increase Means For Your Real Estate Deal

What The Chicago Property Tax Increase Means For Your Real Estate Deal
2015 is a double witching year for Chicago property taxes. First you have the triennial (once every 3 years) property reassessment going on, which can have a significant impact on individual property taxes. Then you also have this whole $543 MM property tax increase that just got approved and that will possibly impact everyone’s property... Read more »

5 Tips To Compete With Cash Home Buyers

5 Tips To Compete With Cash Home Buyers
The following guest post was written by Jackson Cooper of Jensen & Company. All cash home sales comprised 37.9 percent of all closed deals in February, according to the most recent CoreLogic data. That is down from 40.6 percent the previous February. Cash sales have dropped every month since January 2013, opening the door for... Read more »

The Real Reasons You Actually Need A Real Estate Agent To Buy A Home

The Real Reasons You Actually Need A Real Estate Agent To Buy A Home
I have conversations with current and past home buyers all the time during which they describe a desire to not use a real estate agent to help them buy their home. Frankly, their logic for not using a real estate agent is usually not very well thought out and the reason they’re talking to me... Read more »
Advertisement:

Realtor Propaganda: Home Ownership Is The Key To Wealth

Realtor Propaganda: Home Ownership Is The Key To Wealth
The National Association Of Realtors is at it again. They’ve never seen a social or economic problem that buying a house couldn’t solve. They even have a full time chief economist, Lawrence Yun, whose job it is to regularly churn out statistics proving the benefits of home ownership or arguing for some kind of government... Read more »