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 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

 

Our Mission

To better lives and communities through real estate education and proven real estate solutions.

 


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Recent Posts

Getting the Best Mortgage

Posted by on Apr 23, 2017 in Blog | 0 comments

Getting the Best Mortgage

Spring is the time when many people go looking for houses. So naturally it’s also the time when lenders see an increase in those who want mortgages. Getting the best mortgage during a time of great demand can still be accomplished if you know what to do and how to make the best possible deal. What follows are a few tips that will help guide you to obtaining the right mortgage for your needs. Save Up a Large Down Payment The larger the down payment, the better off you will be in getting the right loan for your needs. For example, FHA loans require a 3.5% down payment, but if you can put back 5%, you can qualify for additional lending programs that may considerably reduce your monthly payments to the lender. While saving up a large down payment may seem difficult, it can pay tremendous dividends over the long run when you qualify for the right loan. Credit Score It cannot be overstated how important your credit score is for getting a mortgage. You will want to know what your credit score is and how it can be improved so you can get the best deal possible. Start by obtaining your current credit report and look for information that is out of date or incorrect. You can have these removed which will raise your credit score. Look Over Your Budget There is a difference between what you can be pre-approved for in terms of your mortgage and what you can pay. Just because you qualify does not mean that you should search for the most expensive home that it covers. Instead, you should set a limit based on your budget that includes some breathing room so your monthly payments can be made comfortably. Keep in mind that your pre-approval will affect all parts of the transaction process. This means that when you find what you need, having a pre-approved mortgage that is considerably higher will help speed up the purchasing process. Search Out the Best Deal While spring is a tough time to find the best deals because of the competition, they are still out there if you look for them. Keep in mind that even if you find the perfect deal, you should not stop until you have looked at all the available possibilities. Remember, you do not have to overturn every stone in your search, but you should set reasonable parameters that can be met in a short amount of time so that at least you covered the territory. Too many homeowners have regretted not spending a little more time searching when they find out about the deal that got away. So, know what you have, what you can pay for, clean up your credit report, and mark boundaries when searching for a new home. If you do it right, you’ll wind up with a home that you’ll be happy to live in while paying less over time. In getting the best mortgage, you will need to be as prepared as possible before meeting with lenders. That way, you’ll be in the right position to take advantage of great deals when they happen....

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New Construction Home Trends

Posted by on Apr 16, 2017 in Blog | 0 comments

New Construction Home Trends

Every year brings new construction home trends to the forefront. Some of the new construction design ideas are new, but many are variations of established trends that have happened years, if not decades ago. While home construction is more stable in terms of trends compared to interior design, there are still changes that take place which put some interesting ideas to the forefront. Barn Door The barn door is most often associated with 19th and 20th century doors that allow for livestock to pass into and out from the barn which most people living in urban and suburban areas do not own today. However, the barn door has become a growing trend in large part because when used for interior rooms they have a smaller profile that makes them more accessible. They are also used to hide TV sets or pantries which makes them a popular design trend. Charging Stations Electric cars have only recently become practical thanks to the longer drive times that they now provide. However, they do require a special outlet so that they can be charged from the home. Because of their increasing popularity, there are now more charging stations included in new construction design projects. The cost ranges from $300 up to $3000, but the trend is only growing as more people are using electric vehicles. New Energy-Efficient Windows Improved window designs have been around for a couple of decades, but only recently has the combination of increased interest in energy savings and the overall lowering of the cost for installation has made energy-efficient windows one of the new construction home trends. New coatings and film reduce the transference of heat and cold from the outside, glazing increases privacy while still letting in the light and other new advances are making energy-efficient windows a trend that is here to stay. The Smart Home There are popular cartoons from the 1940s that predicted the coming of smart homes and while today they may bear little semblance to what was envisioned nearly 70 years ago, they are becoming a trend that is taking hold. Thanks to new innovations in technology, advanced control systems, and more money being pushed into investing in smart homes, the trend has really taken off. The main thrust is the energy-efficient home that uses Wi-Fi enabled technology to better control temperature at a lower cost in electricity. Solar Panel Roofs Solar panels have been around for decades, but only recently have they become more than a niche trend thanks to improved designs and government subsidies. With local governments, power companies, and investors who have a real interest in protecting the environment being behind this push, there are more solar panels being installed on homes every year. The future may include solar shingles being pushed by Tesla and other innovations that are just starting out in the industry. The new construction design trends for this year are only expected to grow in the foreseeable future. While some may change eventually with new technologies becoming available, it is safe to say that for this year at least the new construction home trends are here to stay....

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Renovating a Home for Baby Boomers

Posted by on Apr 9, 2017 in Blog | 0 comments

Renovating a Home for Baby Boomers

Considering that there are 76 million baby boomers that represent a large portion of the American population, the needs they have for their homes have changed considerably over the past decade. This is because baby boomers are now over 50 with many having retired or close to retiring. With their children all grown up, they have no need for such a large home. So, renovating a home for baby boomers is fairly easy if you focus on what appeals to them. For those with smaller homes to sell, there are certain things that you can do to make it more appealing to baby boomers. The obvious features include a main-floor bedroom and easily-accessible shower, but there are other aspects that you can add to your home that will help catch the eye of baby boomers. Top-Flight Features Baby boomers tend to be a little more selective and are looking for a home to spend the rest of their lives. So, items that add to the long-term quality of home are a must. Here are some basic features that you should consider; Granite Countertops Wooden or Tile Floors Stainless Steel Appliances Added Insulation & Energy Efficient Windows All these features appeal to baby boomers who are looking for a place to settle down for the rest of their lives. Space One appeal that baby boomers love is having extra space, such as a spare bedroom, den, or area that they can claim for their hobbies. If you have space that you use for storage, perhaps a bedroom for the kids, or other type of room, you can clean it up so that it provides a place for the potential buyer to dream about what they can do with the space themselves. Transition For baby boomers who are making the transition from work to retirement, many of them have started working from home. Therefore, a home office is an excellent addition that you can add to your property without major changes. You’ll need a spare bedroom or den that can be set up as an office which means having enough electrical outputs and perhaps direct phone line connection. Less Stress In addition to making the home more energy efficient, you’ll want to make it more convenient for them by having features that require less work. Single-Story Home Easy to Maintain Yard Open Floor Plan Modern Appliances & More Anything you can do to make your property less stressful to maintain, that will help its appeal to baby boomers. The easy to maintain yard is arguably the best attraction, so you may want to add a patio or hardscape a portion of your lawn which will cut down on the yard maintenance. Renovating a home for baby boomers is not difficult, but you will need to keep in mind their needs and expectations. So, focus on making your home and yard easy to maintain, upgrade certain features so that they are long lasting, and provide extra space so they can use it for their...

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Designing Your Dream Home

Posted by on Apr 3, 2017 in Blog | 0 comments

Designing Your Dream Home

Everyone has a dream home in mind, but getting it from your brain to paper may not be as easy as it might sound. Designing your dream home takes time, planning, and determination, but it can be done and soon you’ll be living where you want to be. Here are a few steps that you will need to take so you can turn your dream into a reality. Clear Idea of What You Want From small renovations to full-scale construction, you’ll need to know exactly what you want so that the builder can make it a reality. A good rule of thumb is that you should be able to hand the builder your ideas on paper without saying a word and they will know exactly what you want. Plus, what you want will need to be realistic. A freestanding bathtub is an excellent addition to your home, but if you do not have the right plumbing it will not work. If you use an architect, they will want to know what you want from the home so they can help you design the right one for your needs. Get the Right Builder You’ll want the right people putting together your home. So, you will want to fully check out the builder to ensure that they are right for the job. They will need the following qualifications; Licensed & Insured Experienced in Constructing Custom Homes Stellar Reputation Excellent Communication Quality Portfolio Once you narrow the list to two or three, check out their current construction projects to see them at work. If you would like a bid on your new construction project and you live in the Chicagoland area, contact Juan at 708-846-8340. Keep Asking Questions If something is not clear, be prepared to ask questions so you can get what you want. It helps to know that the builder can do exactly what you want from the start, but other questions you should ask include the following; How Long Will It Take? Is an Architect Needed? What will Require Payment? These simple questions will go a long way towards designing your dream home. Stick to Your Budget Your budget is what keeps you heading towards a dream and not a nightmare. This means that you need to get the costs up front from a respected and reliable builder. The last thing you want to do is start expanding beyond what you have budgeted for the job. So, once you have set your budget and worked it out with the builder, do not add things. Otherwise, you might find yourself deep in debt and wondering why exactly you decided to purchase things you didn’t want in the first place. Designing your dream home should be fun. But it also will be challenging, so be sure to keep your eye on the details, communicate effectively with the builder and others who are essential to getting your dream home complete, and be decisive about what you want. By doing all those things, you can have the dream home that you have always...

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Landscaping New Construction

Posted by on Mar 27, 2017 in Blog | 0 comments

Landscaping New Construction

One of the first reactions that many people have when they buy a home is to make it their own by redoing the landscape. However, that green grass is hiding many issues such as the wires, conduits, and pipes that crisscross the property. Therefore, landscaping new construction will need to be planned properly so that you don’t risk making a terrible mistake which might cost you plenty. Here are five tips that will help you landscape properly so that you get what you want without doing something you don’t want. Inspect the Land First You’ll need to get the lay of your landscape first before making any changes. This means if you plan on having a garden, choosing the sunny side of the property is a must along with proper drainage. You start by drawing out what you want and looking over the property at different times during the day to see where is the best location for your garden. What Do You Want? Once you know what you have, the next step is planning what you want. You’ll want to picture yourself five years from now looking over the landscape new construction and seeing what you want it to be. This means prioritizing what you want and adding changes every so often so that it meets your needs. Keep in mind that turning your entire backyard into party place may seem groovy now, but 10, 20, or 30 years from now you may want something else. Also, consider its sale value as part of your calculations. Ditch Unwanted Building Planting Builder plantings are one of those items that look great when you put them in, but not so great when you see someone else has done the same. Once you rid your property of the unwanted ones, you should only add new ones for trees that need root support or when set further away from the home. If you can avoid using them, do so. However, you may want to have one or two if they are well-suited to the task. Adding New Topsoil Naturally, you’ll want to improve the soil that you have by making more rich and fertile. The obvious solution is adding more compost, but you may not have the clippings, chips, weed rot, or leftover produce to create enough of what you need. You’ll probably have to purchase some bagged cow manure or if you live near the zoo, if they have some composted manure available. Cover & Mulch One of the best ways to get rid of weeds is to cover the area in mulch or groundcovers. Mulch is best because it keeps the soil underneath from drying out. However, after a couple of years mulch starts to work against the soil by pulling away the nutrients. So, you’ll want to switch to groundcovers which are less expensive and work against insidious weeds such as Japanese forest grass, mondo grass, and creeping phlox. A little planning and preparation means that your yard can look the way you want thanks to landscaping new construction in the right...

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Pros and Cons of Student Housing

Posted by on Mar 20, 2017 in Blog | 0 comments

Pros and Cons of Student Housing

For those interested in cash flow properties that are located near universities, student housing offers the possibilities of making a considerable amount of money on a reliable basis. However, as a rental property goes, there are many pros and cons of student housing that you will need to be aware before pushing ahead. You will need to know if offering student housing is right for your needs and worth the effort. Pros New Tenants: A good property will have plenty of potential tenants, especially if it is within walking distance of the campus. If you can develop a good word of mouth about your property, you will only need to do some basic advertising such as planting a sign in the front yard and you’ll get plenty of interest. Simple Accommodations: Because students will bring a considerable number of furnishings from home, you do not need to go overboard in preparing the property. Just make sure it is clean, repaired, and have some basic furnishings and appliances. By reducing the maintenance costs, you can use the extra money to update the furnishing and appliances when needed. Raising Rents: Arguably the biggest advantage that student housing offers for you is the ability to raise the rent on a frequent basis. This is especially true for properties that are within easy walking distance of campus. Such properties mean that you can raise the rent for new tenants from 10% to 25% or more on an annual basis. Because many colleges have encouragements, if not outright requirements that the underclass must be housed on-campus, you can still get juniors who may stay on your property for two years. Parents Often Back the Lease: If for some reason the students back out of the lease, you should be able to track down their parents who often back it with little issue. Cons Noise: If you’ve ever been to college, you understand that noise is a big issue. While the noise itself does no damage to your property, it can really annoy the neighbors and that spells trouble for keeping your property licensed in the city. Of the many pros and cons of student housing, noise is the one that can prevent you from renting your property again. Property Damage: Let’s face it, your rental property will be filled with 19 and 20-year-old kids which means that damage is going to happen. You will most likely need a property manager who can deal with what has happened and take the replacement money out of their security deposit. Plus, instruct your tenants that if anything happens, call the property manager quickly so it can be taken care of ASAP. Hidden Damage: In addition to the obvious damage, there is also the hidden damage that students may not be aware of or fully understand that can cost you money. A running toilet for example can cost you hundreds of dollars in utility bills, yet get overlooked by teenage students who don’t fully understand what a running toilet means. Damp basements where mold might grow or the early signs of parts wearing out on the washing machine or air conditioner that get overlooked may cost you hundreds of dollars as well. So, you must decide if student housing is the right option for...

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Getting a Great Deal on a Mortgage

Posted by on Mar 13, 2017 in Blog | 0 comments

Getting a Great Deal on a Mortgage

A mortgage is probably the biggest payment that you will make during your lifetime. So, getting a great deal on a mortgage should be a paramount concern so that you save money in the long run. The good news is that there are mortgage deals to be found if you know where to look. However, the bad news is that because of the housing crisis in 2008, the process has become far more complex. Here are a few tips that will help you secure the best mortgage deal. Take Advantage of Opportunities You will need to be ready to take advantage of opportunities because if you don’t, someone else will. This means getting your house in order so you are ready when a good deal comes along. Start with the basics that include your tax returns, social security card, driver’s license, and business license if necessary and keep them in one easy-to-find place. Things that are updated monthly such as your bank account, income documents, rent checks, and the like need to be kept up to date. So, when a good deal comes along, you can act quickly by submitting all the necessary information. Look for Options You will need to know about the options that are available before you start your search. Most mortgages are 30-year fixed loans that do not work for everyone. You may find that an adjustable rate mortgage (ARM) over the short term is a better deal for you. The key is understanding what loan options are available and what works best for your situation. Go to Several Lenders Apart from those who work with a lender on a regular basis, you will probably have to shop around for one. Getting a great deal on a mortgage means having to search through several lenders to find the one that offers the best mortgage deals for your needs. You may need to spend a little to get a lot, such as offering more money to use a broker who has access to a program that will save you considerably more. So, be sure that you look around to find the one that works best for you. Keep Asking Questions Remember, you are going to live with your decision for a long time, so be sure you know what is required before making any commitment. This means asking questions so that you remain in control of the process. Quite often people get better deals when they ask a seemingly simple question that results in having fees or other costs shaved off the payments. In fact, using the right attorney can help you save money, so whenever you see something that you don’t understand, ask. Interest Rates Keep in mind that interest rates can change at a moment’s notice, so your goal should be to lock up a deal that is good as soon as you can. A quarter-point change in the interest means hundreds, if not thousands of dollars’ difference in what you pay. So, lock in the best rate when you can so that you are not forced to pay a higher one because you waited too...

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Invest in Real Estate

Posted by on Mar 6, 2017 in Blog | 0 comments

Invest in Real Estate

The benefits you may receive when investing in real estate can be considerable. Over the years, real estate investing has proven to be one of the more profitable means of earning money. There are good reasons why you should invest in real estate. Anyone Can Do It There are no education, degree, or special qualifications needed to invest in real estate. All you need to be is of legal age and have the money available to invest in properties. This means that anyone can purchase property as they see fit and fix it up for rent and early a healthy monthly cash flow or flip the home and sell it for a quick profit. Be Your Own Boss You can work as much or as little as you want. You have no schedule when it comes to being a real estate investor. This means that you can work on making several deals for smaller profits or a few larger deals for bigger profits. It also means that you are not expected to keep standard office house. However, you should expect to work hard, especially in your first few years as you learn about what it takes to be a successful investor. Being your own boss means not having to work for anyone else which can be quite attractive for those who tire of the 9 to 5 workweek. It is true that real estate carries more risk and may not appear to have the same job security, but the good news is that there is always a good deal somewhere and you just need to find it. Excellent Returns You do not need to be a math major to see the type of returns that can be earned investing in real estate. From purchasing distressed properties that can be fixed up and sold quickly for a fast profit to cash flow properties that earn you a monthly income, you can enjoy considerable returns that can add up in a short time. Because of this, you can make some big profit depending on the types of property that you choose. Plus, you can work alone or with others to help balance out your portfolio. Unlimited Potential You can make as much money as you want, there is no limit to the income potential when it comes to investing in real estate. This means that you do not have to climb the corporate ladder or rest your fate on the will of others for you to succeed. While you may not enjoy instant success, the average real estate investor earns a considerable amount of money and is in control of their financial future which makes this one of the best ways to earn big money. In the end, when you invest in real estate, you are taking part in a long, successful tradition of earning money while providing property for those in need. For investors who are willing to learn and take a few risks, real estate investing can be quite profitable and enjoyable.   Enter your email address below to join our newsletter which has real estate insider tips and tricks Name * Email *...

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Mistakes Investors Make

Posted by on Feb 27, 2017 in Blog | 0 comments

Mistakes Investors Make

As an investor, it is sometimes far better to know what not to do rather than taking advice on what worked before. By understanding the common mistakes investors make, you can avoid many of the pitfalls that create big issues with your money. What follows are some of the more typical mistakes that can be avoided which will help keep you on the right path to success. Doing Too Much When you consider just how many things there are to do when creating a new business or investing in real estate, it’s pretty easy to do too much. Your focus should be on getting what needs to be accomplished out of the way in a timely manner, but one that does not put too much pressure on you to get everything done at once. It helps if you surround yourself with the right people to help you get started the right way. Not Utilizing Your Time Correctly One issue that many investors have is not getting enough done during the day because of poor time management. Your biggest regret will often be not getting enough done during the day which leads to even worse performances in following days. So, avoid this by planning your time to get everything you can out of what is available. Going Against Your Instincts Not trusting your instincts in one of the most common mistakes investors make. Your instincts are really a combination of the information you have with your experience that will help you make the right decision. This will often manifest itself in feelings of being uncomfortable or not right when looking over the decision-making process. That is your brain activating areas of your body that create feelings of doubt or even fear. While you shouldn’t place too much stock in fear, you should trust your instincts more and go with the decision that you feel is the best. Let Your Business Grow Naturally Believe it or not, many businesses fail because of their success. The growth of the business becomes such that the owners start to push it beyond its limits. You really need to let the business grow at its own pace without interference so it will become stronger and you will not get overstretched in keeping it above water. Many investors start to pour too much money into trying to expand it faster which results in expectations that are not met and often the company crashing under the weight. So, keep things running normally so that your business can grow correctly. In addition, you will want to learn from your own mistakes so that they are not repeated. Everyone makes mistakes and you will not be an exception, so keep that in mind when running your business. Also, take advantage of good opportunities when they present themselves. If you can get something that provides a long-term advantage which does not press you too much in the short-term, take it. If you can avoid these common mistakes investors make, you greatly improve your chances for long-term success when it comes to your business ventures. Enter your email address below to join our newsletter which has real estate insider tips and tricks Name * Email *...

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Removing Stress from Selling

Posted by on Feb 20, 2017 in Blog | 0 comments

Removing Stress from Selling

For the real estate investor who purchases properties that need fixing up before flipping can be very stressful work. This is because even your best efforts may not flip the home in a timely manner or get the profit you desire. However, there are ways to remove stress from selling properties by taking the appropriate actions that put you more in control. Keep Emotions in Check Admittedly, it can be quite difficult to keep your emotions under control when you have invested a considerable amount into a property. This means that when buyers make offers that are well below your asking price, you will need to keep your cool. You will need to be reasonable when it comes to the sale of the property, so getting it appraised and making the proper calculations before putting it up for sale are crucial to getting what you want and making the process as stress-free as you can. Get a Good Real Estate Agent Selling on your own will increase the stress many-fold, so you will want the services of a good, reputable real estate agent to do the work. This means doing good research and finding an agent who has worked similar sales before. However, the most important aspect is that they can do the job and find you the right buyers for your home. Let the Real Estate Agent Sell Your Home While it is tempting to look over the shoulder of the agent to see if you are getting the best reputation, you really need to back off and let them to their job. You will need to listen to their advice, let them guide you as to a good selling price for your property, and provide them with enough space so they can contact you on a regular basis. Remember, if they have any questions or concerns, they are going to call you because they have a stake in selling your home as well. This also means letting the agent show your home while you are not present. Let them do the work and if they need you, they’ll call. Create a Plan B One of the best ways when it comes to removing stress from selling is having a Plan B in case your original plan to sell the home is not working. A Plan B usually consists of the minimal amount you will accept as a purchase price and keeping that as a backup in case your original price proves to be far too much. In fact, you should have several backup plans to deal with all reasonable contingencies that are based on the market your property is selling. Changes in interest rates, crime statistics, and general interests from buyers means that what you thought might sell your home is now out the window. So, be sure to have a backup plan or two or three just in case your original effort is not successful. You can talk this over with your real estate agent who can help you come up with different ways of selling the home. Removing stress from selling can be done if you take as many things into account before you put your home on the market. Selling is never easy, but it doesn’t have to be all that stressful.   Enter...

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