illinois: The Federal Government Plans to Pay For Payroll Tax Cut by Raising Fees That Banks Pay to Fannie and Freddie. So Now is Certainly The Best Time to Buy a Home in Cook and Lake County Illinois Before The Extra Fees Get Legislated - 12/13/11 08:25 AM
The Federal Government Plans to Pay For Payroll Tax Cut by Raising Fees That Banks Pay to Fannie and Freddie.   So Now is Certainly The Best Time to Buy a Home in Cook and Lake County Illinois Before The Extra Fees Get Legislated.
The government plan is to raise the fees that banks pay mortgage giants Fannie Mae and Freddie Mac to guarantee home loans. These are called “guarantee fees,” and are supposed to cover mortgage defaults in a normal housing market.
Fannie and Freddie are currently in debt to U.S. taxpayers for a collective $152.7 billion.
Sadly - Senate Democrats … (0 comments)

illinois: Setting a Home Search Price Range - Don't Make Assumptions - Allow Leeway For Good Negotiation - 04/09/10 01:37 PM
 
Setting a Home Search Price Range - Don't Make Assumptions - Allow Leeway For Good Negotiation
When you are searching for a home in Chicago's Northwest Suburbs  - you may miss many nice homes that  might work for you if you keep your price range settings too tight.
Let's assume that the top of your range in 400k.   You may be missing seeing the home that is $402,000 - that might meet your specifications perfectly.  The seller might be in a very motivated situation - and they may have a lot of equity in the home and could afford to … (0 comments)

illinois: As a Buyer - Do You Know About Exclusive Buyer Agents? (Hint - they work only for buyers - never for sellers) - 02/02/10 08:01 AM
As a Buyer - Do You Know About Exclusive Buyer Agents? (Hint - they work only for buyers - never for sellers) Here is a nice clip from CNN that covers the many conflicts of interest that can exist if you don't make sure the agent you hire will work only for you. If you are a home buyer or investor in the Chicago area - you can have the peace of mind in using my expert negotiation services. I only work for buyers - never sellers (meaning - I am an "exclusive buyer agent"). As such - I am a … (2 comments)

illinois: Builders in the Chicago Area Offering Nice Price Off Discounts - 03/04/08 09:19 AM
It has been our experience in the Chicago area that builders are offering some very nice discounts off of "list price" as well as extra incentives.  Unfortunately for home buyers that"just happen to be driving by" one day - they go into a builder's development - non-the-wiser that they shouldn't be signing in without the agent along with them - that they want to represent them.Having an agent to protect you (negotiation, running comps, knowing what the past and recent deep-discounts were in a given development (so you can get the same thing or better), referring a good inspector for "pre-drywall … (1 comments)

illinois: Toll Brothers Co-Founder's Daughter Walks Away From Buying a Toll Brothers Home - 02/12/08 01:55 PM
Ok - I've heard of people walking away from the purchase of their new construction property - but this one is pretty funny.   
Wendy Topkis - the daughter of Vice Chairman and co-founder Bruce Toll of Toll Brothers - informed the company last month that she and her husband "did not intend to make settlement" on a $2.47 million home they had previously agreed to purchase.
Toll Brothers said it intends to pursue its rights under the agreement of sale.   
Toll Brothers said expects a 22 percent decline in home-building revenue for its first fiscal quarter, ending Jan. 31st.
I wonder how … (0 comments)

illinois: Maryland thinks about Reducing re-set time to 60 days from 180 days for listed property. In Illinois - it is 91 days - 01/24/08 03:41 PM
In most states - the MLS calculates the number of days a property has spent on the market as a consecutive figure. That amount resets to zero if the property is taken off the market for a certain amount of time. Maryland had it at 180 days - but is thinking about reducing it to as little as 60. Here is an article about the re-set time in Maryland. In Illinois - for many years - a property had to be off the market for 181 days before being re-listed if the market time was to show zero in the MLS. … (6 comments)

illinois: Good Home Buying Tips Article from CNN Money - 07/08/07 03:08 PM
Here is a good article detailing some home buying tips - from CNN Money. Part of the article states - "Even though the Internet gives buyers unprecedented access to home listings, most new buyers (and many more experienced ones) are better off using a professional agent. Look for an exclusive buyer agent, if possible, who will have your interests at heart and can help you with strategies during the bidding process." As our society becomes more and more "self service" for everything (it started with gas stations... & years later - self-service checkout with no discounts... etc.) - many people also … (3 comments)

illinois: Lake County Illinois Real Estate, Golf Courses in Hawthorn Woods, and Lake County Illinois Forest Preserve Golf Courses - 03/29/07 08:33 AM
If you are thinking about purchasing a home in Lake County Illinois that is near a lot of golf courses - Hawthorn Woods is the place.
While Hawthorn Woods Country Club is in Hawthorn Woods - you can zoom in to see the huge number of golf courses surrounding Hawthorn Woods!
Kemper Lakes Golf Club in Kildeer, Steeple Chase Golf Club (Mundelein Park District), Countryside Golf Club (Mundelein), Ivanhoe Golf Club (Mundelein), Four Winds Golf Club (Mundelein), and Royal Melbourne Country Club in Long Grove - surround Hawthorn Woods.
Would you like a luxury home in only the 800's - with … (5 comments)

 
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