Property Tax Bill Is Here Again

Cook County property owners were billed for the first tax payment of the year in March.  Other counties in the Chicago area have their own schedule for billing.  There can be a lot of confusion about how property taxes are … Continue reading

Consider Buying A MultiFamily Building

Most buyers of 2-4 units are investors looking to generate rental income.  As a result of the housing market collapse, the percentage of renter-occupied households has risen significantly both in the city of Chicago and the suburbs.  The lower prices … Continue reading

First Time Homebuyer Advice

If you’re considering purchasing your first home this year, there are a few tips that can make the process easier:  Make sure your financing is in order.  Your first step in the home buying process should be to talk to … Continue reading

Sales Activity in Chicago and South Suburbs for January 2014

Sales Activity in Chicago and South Suburbs for January 2014   Real Estate Market Data for Chicago and South Suburbs provided by Millie Lumpkin of Keller Williams Preferred Realty Chicago and South Suburbs Sales Activity Overall, the city of Chicago … Continue reading

Sales Activity in Chicago and South Suburbs for December 2013 YTD

Real Estate Market Data for Chicago and South Suburbs provided by Millie Lumpkin of Keller Williams Preferred Realty Chicago and South Suburbs Sales Activity Overall, the city of Chicago had a median sales price of $220,000 in December 2013 which … Continue reading

Are You Planning to Sell in 2014? Get A Head Start on De-cluttering

Most sellers tend to wait until they are ready to move to de-clutter their home.  However, getting started now for a spring listing can make this task a lot less stressful and possibly more effective.  By the way, these tips … Continue reading

Chicago Area Sales Activity – October 2013

Sales Activity in Chicago area for October 2013 vs. October 2012 Overall, the median sales price in October 2013 for the city of Chicago was 20.9% higher than previous October.  Sales activity was strong with a significant increase in the … Continue reading

New Laws to Protect Renters in Foreclosed Properties

There are two new laws in Illinois that will affect renters in foreclosed properties by the end of 2013.  These laws are intended to ensure that tenants are notified of their rights and address the forcible evictions by banks of … Continue reading

How Is Your Credit?

Your credit score is not the only determinant of whether you qualify for a mortgage loan but it is an important one.  However, many people are confused about how the credit score is determined. FICO credit scores range between 300 … Continue reading

Steps To Take After Being Denied A Loan

This is an excellent article that was posted on www.Mortgage101.com.  It contains excellent advice for homebuyers in understanding why a mortgage loan might be turn down.   The website also contains other helpful advice regarding the mortgage process.        … Continue reading