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home buyers: Tax Credit News for your Buyers! - 01/27/10 05:09 PM
Good news homebuyers: You can file for your $8,000 first-time buyer tax credit again.
Bad news: You  can't e-file your taxes if you want the cash. And there are long delays.
 
  Last Thursday, CNN revealed that buyers who purchased their properties after Nov. 6 were unable to claim the refund because the Internal Revenue Service had yet to release a new form and instructions. But on Friday, the IRS finally posted the new form 5405.
First-time buyers used to able to immediately file for the tax credit after Congress approved it last February as part of the stimulus program. … (0 comments)

home buyers: Tips For Finding the Perfect Neighborhood!! - 12/10/09 02:46 PM
Greg Olson/REMAX Suburban
Cell (847) 977-7024
  
Tips for Finding the Perfect Neighborhood Your neighborhood has a big impact on your lifestyle. Follow these steps to find the perfect community to call home.
 
•·        Is it close to your favorite spots? Make a list of the activities - movies, health club, church, etc. - you engage in regularly and stores you visit frequently. See how far you would have to travel from each neighborhood you're considering to engage in your most common activities.
 
•·        Check out the school district. This is especially important if you have children, but … (1 comments)

home buyers: 5 Factors That Decide Your Credit Score! - 12/04/09 02:34 PM
Greg Olson, REMAX Suburban
  
5 Factors That Decide Your Credit ScoreCredit scores range between 200 and 800, with scores above 620 considered desirable for obtaining a mortgage. The following factors affect your score:1. Your payment history. Did you pay your credit card obligations on time? If they were late, then how late? Bankruptcy filing, liens, and collection activity also impact your history.
2. How much you owe.  If you owe a great deal of money on numerous accounts, it can indicate that you are overextended. However, it's a good thing if you have a good proportion of balances to … (1 comments)

home buyers: Tips for Hiring a Contractor! - 11/20/09 03:04 PM
The Better Business Bureau (BBB) consistently ranks contractor fraud as its number one complaint. Don't be a victim. If you (or someone you know) is thinking about hiring a contractor, please read or share these tips straight from the BBB before signing anything.Obtain bids (from at least three licensed contractors) based on building specifications, quality of materials, labor and time to complete the project.
Ask for customer references, and be sure to contact them. If possible, check out previous work.
Contact the Better Business Bureau (BBB) for a report on the contractor and review site thoroughly for further advice.
Ask to … (0 comments)

home buyers: Lose Your Job...Keep Your Home! - 11/18/09 05:31 PM
Lose Your Job, Keep Your Home
If you're faced with a layoff, there are ways to escape foreclosure and stay in your home.
Few words sting like the ones that inform you that you're being laid off - especially today, with jobs so hard to come by. If you're a homeowner, the blow of a job loss can be even worse.
In households with more than one wage earner, halving the monthly income can severely stretch a budget. And in households where there's one breadwinner, having zero income can be devastating. A rainy-day fund helps, but it's important to craft a … (1 comments)

home buyers: Top Tips to Improve your Credit! - 11/17/09 06:29 AM
1. Review your current credit report for accuracy. Everyone is entitled to one free credit report per year from each of the three credit bureaus-Experian, Equifax, and TransUnion. Get a copy of your credit report and look at it for accuracy. First, make sure that the information in your file is about you and only you, not someone who has a similar name or a similar Social Security number. It is very common for your credit reports to have mistakes or incorrect information. At a minimum, make sure that the information you are being evaluated on is current and correct.
2. … (6 comments)

home buyers: Basic Definition of a Short Sale! - 10/20/09 09:15 AM
Here is your basic definition of a short sale.  I have realized in recent months that most of my clients have no idea what a short sale is!  I have a great (but rather extensive document) that explains in detail exactly what a short sale is.  Knowledge is the king and I am finding that in my businees most of my buyers once informed are staying away from these...the timing (or complete lack of any timeframe) just doesn't seem to work for my buyers!!
"A short sale is a situation in which the real estate seller owes more money on the … (0 comments)

 

Gregory Olson

Streamwood, IL

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REMAX Suburban

Office Phone: (847) 577-9797

Cell Phone: (847) 977-7024

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