schulenburg realty: HOT Spring Market 2020 - Lake in the Hills, IL (Despite Covid-19)!
- 04/30/20 08:26 PM
Lake in the Hills, IL, a market I serve and know VERY well, is off to a FAST start with enormous Buyer activity due to low inventory. Today, last day of April, 2020, I had 3 Buyers lined up back to back to see a home that already had multiple offers with Highest & Best called for by 5:00 on Saturday. This home was getting SO MUCH ACTIVITY that the Seller intentionally STOPPED all future showings (which I believe is a mistake, correction, BIG MISTAKE as it could limit the end result of a higher offer)!
GREAT NEWS! We have some incredible homes for Buyers that are just waiting to be bought in some rural areas just a short drive West of the Elgin and Huntley areas. And the best part? You may be able to qualify to purchase one of these homes with NO MONEY DOWN! Thought those days were over? THINK AGAIN! Inventory has been low in many of the more populated areas of the NW Suburbs of Chicago. Many Buyers … (4 comments)
schulenburg realty: 100% Financing (NOT VA) Available - 2016/2017
- 09/02/16 04:58 AM
We have discovered a Nationwide Lender who is offering 100% Financing. One of our clients, approved for over $600,000 on the program in the Chicago area, just closed (Summer 2016) and had a great experience! This is common sense underwriting. Don't confuse this type of product with the no money down loans of the predatory lending era.
Why would you want to finance a home with no money down? You may have money working for you in other investments that you don't want to touch. You make a good income and have a great job and would have no problem handling the … (0 comments)
schulenburg realty: I'm a Real Estate Investor - How Many Properties May I Finance?
- 06/13/16 01:33 PM
While working with my 5th client of the day, with my last client interested in buying several homes, he asked; "How many properties may I finance as a real estate investor?" Great question! Lot's have changed over the years as it relates to financing non-owner occupied property.
The answer is as follows: Fannie Mae (FNMA) will now allow a total of up to 10 (that's right . . . TEN) financed properties, including the subject property. When purchasing a single-family home as an investment property, the minimum required down payment is 15% with a minimum credit score of 700. The investor will also … (0 comments)
schulenburg realty: Past Foreclosure or Short Sale? - Time to Buy Again!
- 05/30/16 01:03 PM
This is a great time for so called 'Boomerang Buyers' to purchase a home. Those who were once homeowners but lost their home due to unforeseen circumstances, like a Foreclosure or Short Sale, need to know when they may re-enter the mortgage marketplace. What makes this such a great time to buy?
Interest rates are still at Historic Low Levels with a 30 year fixed rate hovering around 3.750% APR with many lenders we work with. Even though we see a Seller's Market in many areas, with rates this low it creates a dynamic opportunity to find a great home matched with … (0 comments)
1890 - Plaqued Historic District - Architects Dream Project
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schulenburg realty: Preparing to Buy a Home in Any Market at Any Time . . .
- 11/03/14 01:24 AM
Preparing to buy a home in any market may seem like a daunting task. But it's actually quite an enjoyable process if done the right way. You will learn a lot about yourself, your priorities and at the end of the day will have a nice place you can call 'Home'! Below are some tips to help any person in any market at any time prepare to buy their home.
GENERATE Excitement and Motivate Yourself into Action Start with searching online for your new home. The majority of Buyers start the process online before ever contacting a local real estate … (1 comments)
Our experience with Randy as a realtor was great! He was very pleasant and made the challenge of finding a home enjoyable. Randy was very responsive ... more
5.0/5.0
by user656624
620599
Randy was great to work with. He helped us every step of the way. He has great knowledge of the lending and closing process and was very helpful in ... more
Lake in the Hills, IL, a market I serve and know VERY well, is off to a FAST start with enormous Buyer activity due to low inventory. Today, last day of April, 2020, I had 3 Buyers lined up back to back to see a home that already had multiple offers with Highest & Best called for by 5:00 on Saturday. This home was getting SO MUCH ACTIVITY that the Seller intentionally STOPPED all future showings (which I believe is a mistake, correction, BIG MISTAKE as it could limit the end result of a higher offer)!
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