Welcome to MW Real Estate Solutions and Olivia Homes!
Welcome to Midwest Real Estate Solutions and Olivia Homes, where we are not your typical real estate company. What makes us different is simple. We are committed to helping you, and your family in a very timely manner. We work with homeowners that may be up against strict timelines, and may need to sell their property quickly.
Best of all, there are no surprises, just sound advice and professional service, backed by our commitment to excellence. On top of that you will receive personal attention at each step of the process.
The biggest mistake we see homeowners make is that they do not explore all of their options and simply run out of time due to pressure and stress. Pick up the phone and call us immediately to set up an information only appointment.
Call Midwest Real Estate Solutions and Olivia Homes at 1-800-HOPE-DAY
To better lives and communities through real estate education and proven real estate solutions.
Every Sunday at noon on AM 560, The Answer, is reserved for the show about making money in Real Estate. It’s Real Estate Airwaves. This show will give you the inside info. Exclusive information you won’t find anywhere else from Chicagoland experts that have made money in Real Estate for years. They’ve done the hard work, the trial and error..and they will help you make money in Real Estate. Make an appointment for Real Estate Airwaves..Sundays at noon..on AM 560 The Answer. This new real estate radio show is going to be focused on real estate investing, flipping, and advanced business strategies. The very first show will be all about how to find real estate deals to flip without spending any money. It will be an hour packed full with high quality and implementable content so tune into AM 560’s the Answer every Sunday from 12pm to 1pm. This new real estate radio show is going to be hosted by Joshua Inglis who is a broker with United Real Estate and the owner of Midwest Real Estate Solutions which is one of the top real estate investment companies in the Chicagoland area. Vincent Pace with Barnett Real Estate Investment Finance will also be a host who helps investors all across the United States fund their real estate deals. Make an appointment for Real Estate Airwaves..Sundays at noon..on AM 560 The Answer. ...read more
The down payment is one of the most important parts of the process when it comes to purchasing a home. For first time home buyers, saving up enough for a down payment can be crucial when it comes to securing the loan that you want. Here are some down payment tips that will help you get through this process faster and easier so you can improve your chances of securing a loan. Know Where You Are Financially Everything starts with looking over your finances to see where you are and what you need to accomplish. You can start by making a plan to save up enough for a down payment which is generally 3-20% of the total cost of a home. Next, look over your own finances on a daily, weekly, and monthly basis to see where you are spending money so you can make the necessary adjustments. You might be surprised to find that you are overspending on items that otherwise cost a fraction of the amount. For example, brewing your own coffee instead of hitting the coffee shop can save you hundreds of dollars a year, if not more. Create a Savings Plan Now that you know where you are financially and where you want to be, create a plan that gets you there on a day by day basis. For most people, there are no shortcuts to saving, but you will be surprised at the amount you can put back over six months to a year’s time if you focus on your daily spending routine. It helps to talk to a loan officer now so you can find out how much money you need to save up and put aside. The loan officer can also let you know the purchase price you will be eligible for if you save up a certain amount of money. Think Savings The easiest way to save is having the company you work for direct deposit a certain amount into your savings account. That way, it is never in your hands. Barring that, you should simply transfer the appropriate amount from your checking to your savings account each month. 10% to 20% is the goal each month so you can put back what you need. Grant Money In Illinois, they have something called an IHDA loan. IHDA stands for Illinois Housing Development Authority but more importantly, IHDA is free money for first time home buyers! Buyers can get up to $7500 in down payment assistance with this grant. There are also other down payment assistance programs all across the United States, you just have to do a little digging. Having a great loan officer, will help you utilize all grant money available. You can learn more about IHDA by visiting https://www.ihda.org/my-home/buying-a-house/getting-an-ihda-loan/ Gift Money Many times when buying a home, you are allowed to be gifted money from relatives or friends. You will want to speak to your loan officer for more information but this is another way to come up with money for your down payment. One caveat to this is that it must truly be a gift, it cannot be a loan. So someone has to really like you in order to give you a gift for your down payment that they will never get back. Other Sources of Income...read more
Removing stress when selling your home is very important because many people consider it to be one of life’s most stressful events. Selling a home is generally a long process that may have many ups and downs which compounds the stress. Here are a few tips that will help you reduce the amount of stress when selling your home Selling Takes Time No matter how great or desirable your home may be, selling it is going to take time. It generally takes time to prepare the home before you list because you will want to de-clutter the home, thoroughly clean the home, and perhaps even paint a couple rooms that may have exotic colors. You can significantly reduce your market time though by pricing the home correctly and by using an experience broker that markets the home aggressively with mailers, high quality photos, high definition video, and various websites. Click here to see an aggressive marketing plan. Use a Real Estate Agent Some people think that they can do a better job at selling their home than a real estate agent can. The reality is that the typical FSBO home sold for $210,000 compared to $249,000 for agent-assisted home sales in 2014 according to NAR. Scheduling showings can also be stressful because you should be prequalifying all potential buyers that want to see the home, again this is something that a real estate agent can do for you. An agent will typically sell your home quicker, will eliminate work for you, will make sure you are using the correct documents, and will sell your home for more money which will reduce your stress significantly. Get Everything Ready One of the biggest stress factors is worrying about whether your home is ready to be sold. However, you can take a lot of this pressure away by making a checklist and completing each task before putting your home on the market. It all starts by cleaning up both the inside of your home and outside so that your front and back yards look neat. Once that is completed, make the home as comfortable as possible and remove all offensive odors such as from pets and the like. The better your home appears, the faster it should sell. It’s All About the Offer When it comes right down to it, selling your home is all about the evaluating the offer that is presented. You want an offer that provides you the best chance of selling your home with the fewest amount of issues and contingencies. This means looking at every extension that the buyer wants and considering if it’s really worth it. For example, if you accept an offer that is contingent on the buyer selling their overpriced home, it is probably not a good idea to accept that offer. So, accept the offer that looks ready to go so that you can reduce your stress. Removing stress when selling your home will make it easier for you and your family to transition into your new home and may even be enjoyable if you hire the right...read more
If you are looking to purchase a home or perhaps sell your home, finding the right real estate broker is crucial to your success. On average, buyers and sellers get better deals when they use the services of a reputable real estate broker or company. However, it does depend on who you choose as your broker that will help determine your success. Here are four questions to ask your real estate broker or one from a short list that you have narrowed down. The questions will help you find the right broker to fit your particular needs. How Well Are You Established in this Location? A large part of the real estate agent’s job is to know the area that they cover. In larger communities, it’s possible that travelling a few miles may make all the difference in getting the right agent for the home you are selling or interested in purchasing. The more a real estate broker is entrenched in a particular area, the better they should know the market. How Much Experience Do You Have? A simple question, but one that is important as longevity in the real estate business helps separate the good from the not-so-good. You’ll find that some have been spending all of their lives in the real estate business while others only do it part-time or have only recently joined the industry. Keep in mind that someone who has been there 20 years may not be better for your needs that someone who only has a few years of experience. However, if you are looking for a specific type of home, then you may be better off with a more experienced real estate agent. How Much Are Your Services? It’s tough to get around the commissions, but keep in mind that you get exactly what you pay for. Here, you should get an idea of how much brokers generally charge for their services and compare that to what this particular agent will earn. You’ll find that some are on the higher end of the scale, but as long as their price is not unreasonable and they have a stellar reputation, then it will be worth more than paying. However, you should also ask what you are getting for your money, how they will market your property, and why they are different than other agents. A broker that is charging a larger commission should have an aggressive marketing plan (click here to see what an aggressive marketing plan looks like). If you are buying a home, it is free to use a broker since the seller typically pays the buyers broker commission. Can I Call You Anytime? One of the most important questions to ask your real estate broker is how much contact that you will have with them. This is because one of the most frequent complaints is that buyers or sellers have less contact with the agent than they like. So, you will need to ask how the agent will update you about their progress. If you see that a real estate agent is bothered by sending you texts or emails every few days, it’s time to go somewhere else. Contact information questions to ask your real estate broker include by what means you can contact them as...read more
Whether you are purchasing a new home or selling the one you own, it is very important that you always use a broker for these transactions. Having an expert in these matters will help you avoid basic mistakes that may cost you thousands of dollars. When it comes to buying or selling a home, the broker is invaluable for negotiations, using the right documents, and having everyone work together to make the transaction go smoothly. Here are a few tips as to why a broker should be part of the buying or selling process when it comes to real estate. Knowledge of the Local Real Estate Market Perhaps the biggest advantage a broker has is the knowledge of the local real estate market. Most agents study the market and know current inventory levels and trends. Even if an agent is does not work a particular area, they can still get detailed information for that local market with detailed data. Most importantly, an agent will help you understand a good deal from a not so good one whether you are buying or selling. Access to Multiple Listing Service (MLS) The MLS is the means by which new properties that are put on sale are listed. The MLS alerts other real estate agents of all properties that are now on sale which means for a home buyer new opportunities come faster. Access to the MLS offers more opportunities to find your dream home and for sellers a way to market your property to a much broader audience. The MLS is also great for pin pointing the home of your dreams with very specific features. For example, if you are looking for a 3000 square foot home with a first floor master bedroom, you can have your broker set a search for homes that meet those criteria. Showing Your Home to Qualified Buyers Showing your home to buyers is crucial to selling your home. However, it is important to only show your home to pre-qualified buyers. You do not want to waste your time showing your home to people that should not even be there and are a potential safety concern for you and your family. As a homeowner, this can be difficult to do the coordination on your own and to pre-screen pre-qualified buyers. A broker can help considerably by taking the calls, pre-qualifying buyers, and making out the schedule that works for all parties. Seasoned Negotiators It can be difficult to negotiate on your own against real estate agents and attorneys who have done this for years. When you consider the importance of the negotiating process, having an expert do the work is crucial. A real estate broker has a fiduciary obligation to protect your best interest and negotiate the best deal for you. Posting the Right List Price The listed price of your home can make or break a potential sale. This is because if the list price is too high, it can turn away buyers who might offer a good price. A broker can use their expertise along with proper research to see what similar homes in the area sold for and determine what price is low enough to attract buyers, yet high enough to earn the most for your property. Remember to always use a broker when...read more
Growing your referral base is easier than ever thanks to the advantages of the internet and social media. The larger your referral base, the easier it will be for you to scale your business and do more deals. Here are six simple ways on how to grow your referral base. Investment Clubs: Joining your local real estate investment club provides you with a valuable number of referrals for your business. Here, you will find real estate investors, lenders, mortgage brokers, real estate agents, and more. Given that most the people there are involved in real estate on a daily basis, the real estate investment club brings people with various niches and referral sources. The focus is on real estate investing but you will get access to those who have a considerable number of outside contacts in the real estate industry like contractors, title companies, attorneys, etc. Email Newsletter Campaign: Newsletters are one of the oldest methods to reach out and retain customers, clients, and prospects. The email newsletter offers ways to stay in touch with those you associate with on a regular basis and does not cost you anything to send out. The emails can focus on previous deals, upcoming deals, testimonials, and how you can help the person getting the email. Craigslist: While Craigslist is no longer the powerhouse it once was for investors in real estate, it is a great place to find wholesalers and landlords. You can quickly get on several real estate wholesalers buyers list by responding to ads and also add them to your buyers list. You can also find potential buyers for your wholesale deal by looking at homes for rent. There is a good chance that if a landlord owns a rental property in a particular town, they may be looking for more rental properties to purchase. Social Media & Blogs: There is little doubt that social media offers you a real chance to connect with large numbers of people. LinkedIn, Facebook, Twitter, Instagram, Pintrest, and more are wonderful outlets to post all types of information that generate leads and referrals for your efforts. The more active and consistent you are with social media and blogs the better results you will receive. Networking: Arguably the best way to grow your referral base is from shaking hands and getting out there. You’ll find that most cities have regular meetings of local professionals where you can interact like a Chamber of Commerce, Rotary Club, or a B2B networking group. While you might get lucky and strike a deal quickly, in most cases it will take weeks, if not months before you create the right impression and start getting more deals. Contacts in Your Community: You can always stop by your local real estate offices, mortgage brokers, and other related professionals and get to know them personally. Have a brochure or some short literature about properties that are available or just how working with you can benefit them. Keep the meetings short and to the point because they have busy days as well. The goal is to grow your profile to the point where they will start contacting you when they come across something that you would be interested in. In the end, how to grow your referral base will come through one or more...read more
There are several hidden buyer expenses when purchasing real estate. Although many people who have purchased homes before understand the additional costs, it can catch first-time homebuyers by surprise. Here are at least five hidden buyer expenses that you need to know about before making your purchase. Homeowner Insurance: Homeowner’s insurance is a must if you take out a mortgage to buy a home. You will need to pay a full year upfront for the insurance or you can be billed per month. Keep in mind that homeowner’s insurance on investment property is considerably higher than your primary residence. Tax Escrows: This is arguably the biggest of all hidden expenses when it comes to purchasing a home. It’s not really a closing cost, but it does cost thousands of dollars on average every year. When you purchase a home, the lender will establish an escrow account designed to pay the taxes. Instead of you paying the property taxes twice a year, the lender will pay the taxes for you. This requires at least six months of coverage in the escrow account just in case the tax bill is higher than expected. Getting a refund because the escrow is in overflow is rare since property taxes typically go up over time. Transfer Tax / Transfer Stamps: In addition to the annual property taxes, there is a transfer tax that must be paid as well if you are a home buyer in the city of Chicago. This is a little known hidden expense because typically the seller pays for all transfer taxes in most areas. But in Chicago, the buyer must pay $3.75 per $500 as a transfer tax to the city. So if you buy a home for $200,000 in the city of Chicago, the buyer will pay $1500 to the city. Different cities will also charge buyers for transfer stamps and inspections so check local ordinances before buying a home. Origination Points: Because of full disclosure laws put in place in 2009, people are now aware of origination fees that are part of the mortgage payments. Origination fees or points can help you buy down your interest rate (lower your interest rate). If you go after the lowest interest rate possible, you may have to pay several origination points which means you have to bring more money to the closing. Miscellaneous Fees and Payments: In addition to the fees mentioned earlier, there are a myriad of other smaller expenses that can add up when buying a new home. There are home inspection fees, radon test fees, termite test fees, and appraisal fees that can add up into the hundreds of dollars. There are also fees to ensure you get a clean title, attorney costs, title search and insurance, recording, and lender fees that are not associated with origination fees that can add up to the thousands of dollars all together. The good news is that you will receive a worksheet that covers the fees owed before the loan is submitted so you will know what you have to pay. But remember, there may still be fees or payment requirements that are not obvious. So do the research and make sure to account for all the hidden buyer expenses before making the commitment to purchase a home. Enter your...read more
There is a number of excellent Chicago September festivals that finish off the summer and help bring in the fall. Shock Top Oyster Fest – September 9th & 10th, 2016 – Friday, 5pm to 10pm – Saturday, 11am to 10pm – FREE Admission, $7 Donation benefits Roscoe Village Chamber of Commerce – Roscoe Village at 2000 West Roscoe Street Oysters, beer, and great music highlight this post-Labor Day event for the 18th year. Festival de La Villita or Little Village Festival – September 9th to 11th, 2016 – Friday, 6pm to 10pm – Saturday & Sunday, 2pm to 10pm – FREE Admission – Little Village at 26th Street and Kostner Avenue Celebrating Mexico’s Independence Day, this 27th annual event will bring out plenty of culture from South of the Border. City Made Fest – September 17th & 18th, 2016 – Saturday, Noon to 10pm – Sunday, Noon to 9pm – FREE Admission, $5 Suggested Donation – Andersonville at Clark Street and Argyle Street For those who love local craft beer, music, food and artisans, this is definitely the event for you. Sam Adams’ Lakeview Taco Fest – September 17th & 18th, 2016 – Saturday, 11am to 10pm – Sunday, 11am to 9pm – FREE Admission, $7 Gate Donation benefits Lakeview Chamber of Commerce Tacos and beer highlights this very popular festival in the Southport Corridor. West Loop Art Fest – September 17th & 18th, 2016 – Saturday, 10am to 10pm – Sunday, 10am to 9pm – FREE Admission, $10 Suggested Donation – West Loop (Washington and Halsted), 1101 West Adams Street 167 celebrated artists from around the country showcase their talent and sell their work and one of the more celebrated Chicago September festivals. Oktoberfest Chicago – September 23rd to 25th, 2016 – Friday, 5pm to 10pm – Saturday, 11am to 10pm – Sunday, 11am to 7pm – $5 Admission on Saturday & Sunday benefits St. Alphonsus Church – FREE Admission on Sunday – Lakeview, 1429 West Welling Avenue There are plenty of great food, music, children’s activities, and arts and crafts for this 16th annual event. Hyde Park Jazz Festival – September 24th & 25th, 2016 – Saturday, 1pm to Midnight – Sunday, 1pm to 7pm – FREE Admission, $7 Suggested Donation – 1511 East 53rd Street 14 stages filled will music across Hyde Park this is a true showcase of talent with over 30 bands participating. West Town Food Truck Social – September 24th & 25th, 2016 – 11am to 10pm – $5 Donation – West Town, 936 North Ashland Avenue – Park at Augusta and Paulina This is the original Food Truck Social that goes back to West Town and celebrates the kitchen-on-wheels that so many in Chicago love. West Town Art Walk – September 30th to October 1st, 2016 – Friday, 5pm to 8pm – Saturday, 11am to 8pm – FREE Admission – West Town, Chicago Avenue between Leavitt and Ogden/Milwaukee Celebrating all types of art forms, this incredible festival located in the heart of West Town showcases the musical, visual, culinary, and fashion sensibilities of the region making it one of the Chicago September festivals you won’t want to miss. Enter your email address below to join our newsletter which has real estate insider tips and tricks Name * Email *...read more
The direct mail campaign is one that goes back many decades. It is a tried-and-true method to reaching a considerable number of people in a very inexpensive manner. However, while such campaigns may cover a considerable number of potential customers, they are often only minimally effective in terms of return of investment (ROI), often garnering just 1% or even less. However, if you know the right direct mail secrets, you can up the ROI considerably and improve your bottom line. Here are five direct mail secrets that will improve your campaign significantly. Persistence: As with any marketing campaign, the key is being persistent and not stopping with one mailing. Remember that on average a customer will say “no” five times before they say “yes” to buying a product or service. This means that you will need to send out multiple mailings in your campaign in order to garner real success. You may not get a response right away, but after the fourth or fifth mailing the numbers should go up. You may even want to keep sending prospects mail until they say “Im ready to do business” or “Please take me off your list, I keep getting letters from you!” Targeted Lists: You do not want to send out your direct mail randomly, but instead to a potential prospect who is interested in the products or services that you might offer. So, you will need to understand your target audience and only send out direct mail to those with a real interest. This will require spending more money on getting an up-to-date list, but it will be more than worth it when you send out your direct mailing. Copywriting: Now that you have your list, the next step is writing the perfect message. You will also need to decide if you want to use a letter or postcard as this will dictate how much you can say. However, you will need to convey your message in just a few sentences for maximum impact. Remember, you may only have the attention of the reader for five or ten seconds, so your primary goal is to hook them in with a short, simple, and powerful statement. If you are not very good with writing, find someone who has copywriting skills and craft the perfect message. Call System: So, now that your perfect message is being sent to a targeted audience, you’ll need to have a proper call system in place. Remember that many who call will still need to be convinced, so use this as your opportunity to turn them into customers. If you cannot be there to answer all of the calls, hire an automated call center like Pat Live. Remember to take notes on successful deals so that you can learn from them and use the lessons for the next call. Following Up: Remember to store all the calls and follow up with them within a day of their initial contact. What you say in the next call may be different than your first conversation, but in any case you should follow up even if the person seemed disinterested at first. Basically, you’ll want to follow up with your calls as often as you send out the mailings to ensure that you cover all the potential sales. A CRM...read more
Cash flow or rental properties are one of the simplest, yet best ways to accumulate income on a monthly basis. However, owning a rental property comes with many expenses that include constant maintenance and upgrades that eat into your profits. Therefore, understanding how to increase rent without alienating your tenants or making them move is paramount to maintaining a positive cash from your properties. Here are five methods you can use to increase the amount of rent while maintaining good relations from those who live on your properties. Make Sensible Interior Upgrades: Basically, the higher number of new things that are on a property, the better it will attract new tenants who do not mind paying more for what you provide. The simplest way is to start with the appliances and the overall appearance of the property itself. A good cleaning, fresh coat of paint, and a new appliance or two can go a long way towards increasing the value of the property with minimal investment. It might sound tacky but if you install something that is new, you may want to leave the manufacturer tag on the item so people can see that it is brand new. Add Another Bedroom: An additional bedroom provides a great benefit to your rental property because it can add another person who pays rent. With the popularity of formal dining rooms and expanded kitchen areas falling out of favor, an additional bedroom is the one benefit that virtually all residents can appreciate even if they only use it for storage. You can safely increase the rent 10% to 15% and make it a powerful selling point in your adverts. Amenities: If you are looking to upgrade your rental property in the least expensive manner possible, then adding amenities might be the answer. A washer & dryer is a powerful attraction as many potential tenants see it as a big positive. Plus, for those who are renting out homes having a deck in the backyard is another powerful drawing point as it provides extra space. You should avoid things like swing sets that never get used or pools that require considerable maintenance. Upgrade the Exterior: The old saying that you never get a second chance to make a first impression really comes to light with the exterior of your rental property. Landscaping the yard, repainting the exterior, and removing any trees or bushes that hide or perhaps hinder the appearance of the property can do wonders in attracting new tenants. Make Something Standout: Putting something into your property that really makes it standout may help convince the undecided to rent from you. New or refurbished hardwood floors that look new can do wonders in taking years off the appearance of the property itself. In addition, even the little things like a new welcome mat or perhaps sharp-looking patio furniture adds that extra zing to the place. Basically, you want something that is memorable so that potential renters will keep you in mind. By taking a positive, proactive approach, you can help your rental property increase in value. This is the best way in how to increase rent as you are providing a benefit to tenants who will gladly pay more to live in your property. Enter your email address below to join our...read more