We spend a lot of time in the real estate business helping our buyer clients to make good decisions. The most frightening questions I hear are “what should I pay?” and “what would you do?”. I noodle over vast amounts of data to try and find the answers. But…. A home buyer’s interpretation of a “great [...]
What is a Home Owner’s Association?
November 5, 2012 By Leave a Comment
Homeowners associations (HOA) are legal corporations formed by a real estate developer to market, to manage, and to sell homes and lots in a residential subdivision. HOA Articles of Incorporation typically grant developers privileged voting rights in governing the association during its infancy, while providing the means for the developer to exit financial and legal [...]
What’s A Buyer Agency Agreement?
October 15, 2012 By Leave a Comment
If you’ve been looking at houses in Illinois, you’ve probably been asked to sign a Buyer Agency Agreement. If you’re in the early stages of looking, or haven’t found an agent you trust, you’re probably wary. And I don’t blame you. Just because someone shows you a few houses he isn’t necessarily qualified to represent you. You [...]
Closing At The End Of August? Be Aware of Labor Day Weekend
August 7, 2012 By Leave a Comment
Planning to make a late-August purchase closing? Keep an eye on your calendar. The last Friday of this month coincides with Labor Day Weekend, which may make for a complicated, end-of-month closing. If you’re planning to close on, or around, August 31, 2012, plan ahead. Leaving anything to the proverbial last minute could delay your closing [...]
The Borrowing Power of a Lower Interest Rate
May 30, 2012 By Leave a Comment
Since interest rates have been at historic lows for quite some time, home buyers have become immune to hearing “buy now before interest rates increase”. For many people, the interest rate for a mortgage is just an abstract number. It’s helpful to look at how a change in the interest affects how much house you can [...]
