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home selling: 4 Reasons to Sell NOW!! - 02/17/10 10:15 AM
4 Reasons to Sell Now
Selling a property in this tough market can seem like a challenge. Here are four factors that actually make this a good time to post a For-Sale sign.1. Sell low and buy low. Because all property values are down, the sellers' loss on a property is really only a paper loss because the next property they buy also will be a bargain. If they buy smartly, when prices come back up in a few years, they'll be in better shape.2. Down-payment help is widely available. While nothing-down loans have disappeared, it is easy to find down-payment … (0 comments)

home selling: Navigating Short Sales! - 12/15/09 05:24 PM
Greg Olson, REMAX Suburban
You  Have Options!!
  
Navigating Short Sales: What to Do When the Sale Price Leaves You ShortIf you're thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale. A short sale is one where the net proceeds from the sale won't cover your total mortgage obligation and closing costs, and you don't have other sources of money to cover the deficiency. A short sale is different from a foreclosure, which is when your … (2 comments)

home selling: 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 selling: Home Buyers Tax Credit Update - 11/5/2009 - 11/05/09 01:54 PM
$8K tax credit - amount remains the same for first time home buyers Extension - will be for sales contracts entered into by April 30, 2010, and escrow closed in 60 days Homeowners included - $6.5K tax credit for existing home owners as long as they've been in their homes for 5 consecutive years in the past 8 and meet the income limits Income limits increased - Single $75K-> $125K and Married $150K->$250K$225K (updated by CQ, 10:41 am PT) AND - the White House endorsed the plan a few hours ago this morning. And that is the latest!! … (0 comments)

home selling: 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)

home selling: Overpriced Listings - Worth it?? - 10/13/09 04:30 PM
I was always under the impression that honesty is the best policy.  But what I am seeing in today's real estate market with respect to listings that just doesn't seem to be the case.  When I perform a comprehensive CMA for a client I go through great extremes to make sure the information I provide them is complete and accurate.  Inevitably there is a price "range" in which the home should be listed in order to be sold.  Seems simple enough, but I have noticed in not getting these listings there is usually one deciding factor.  The agents getting the listing are … (2 comments)

home selling: Moving Day - 08/03/09 01:26 PM
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Gregory Olson

Streamwood, IL

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REMAX Suburban

Office Phone: (847) 577-9797

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