Category: homebuying tips

Your home isn't worth as much as you think it is -- just ask your real estate agent

Here’s what real estate agents dislike about home sellers: They all hold too high an opinion of their own residences. Sure, they understand that home prices across Chicago and its suburbs have fallen. They just think it’s the homes of everyone else whose values have fallen. As one veteran agent told me just last week:... Read more »

Do we really want Realtors to market to us?

As a freelance writer, I sometimes write things that I don’t really believe. It comes with the job. I think about this every time I get a new e-mail from a local Realtor in my inbox. The problem is, I never asked for this Realtor to send me any of his obviously automated messages. I... Read more »

Selling a Chicago home isn't complicated, even today

David Dornbos Selling a home, whether in Chicago, its suburbs or any other market, has never been a complicated matter. It’s all about making one big decision: Are you going to sell your Chicago condo or single-family home in an “as is” condition with a lower price tag, or are you going to update your... Read more »
Advertisement:

Looking to sell a Chicago home today? The basics matter

Suzy Frederickson The latest numbers are enough to make owners think twice before putting their residences on the market: According to the latest figures from the National Association of Realtors, July housing sales across the country fell by 27.2 percent. July sales represented a 15-year low, and the biggest one month drop in housing sales... Read more »

Finding the silver lining of falling housing prices

Bob Arnold’s certainly not a pessimist. How can he be? He’s found the silver lining in falling home prices. Arnold is a real estate agent with RE/MAX Team 2000 in Orland Park. You’d think he, of all people, would be sweating the lower housing prices. But here’s what he’s found: The lower housing prices in... Read more »

Finding the silver lining of falling housing prices

Bob Arnold’s certainly not a pessimist. How can he be? He’s found the silver lining in falling home prices. Arnold is a real estate agent with RE/MAX Team 2000 in Orland Park. You’d think he, of all people, would be sweating the lower housing prices. But here’s what he’s found: The lower housing prices in... Read more »
Advertisement:

Here's the scary part: There's no rule that housing has to appreciate

We’re all waiting for housing values to start to rise again. Right? I know I am: I’m underwater on my home, owing more on my mortgage loan than what my house is worth. I’d love for this to change. But what if it doesn’t? That’s the question that a recent New York Times story ponders.... Read more »

First-time homebuyers still face challenges

First-time homebuyers still face challenges
Buying a home today is supposed to be easier than ever for first-time home buyers. Sellers are desperate, and are willing to compromise on everything from sales price to repairs to closing dates. At the same time, housing inventories are high, meaning that buyers have plenty of homes from which to choose. But Greg McCoy,... Read more »

No one's getting lucky in Chicago condo market

Heather Hillebrand Here’s the trick with selling a condo in Chicago: A lot of them are nearly identical. It’s not easy for owners to get their condos to stand out. It’s why veteran real estate agents tell their sellers to never list their condos for a pie-in-the-sky price in the hopes of landing a big... Read more »
Advertisement:

That rent vs. buy question doesn't look so obvious anymore

During the height of the residential real estate boom I’d often write the rent-vs.-buy story. If you’ve read the real estate section of any newspaper in the last 10 years, you’ve undoubtedly stumbled across some version of this story: Does it make more financial sense to buy a home or rent an apartment? During the... Read more »