real estate

A zombie foreclosure is simply a home that is in pre-foreclosure and the home remains vacant during the foreclosure process. Zombie foreclosures typically occur when homeowners receive a foreclosure notice and leave the house shortly thereafter. What the homeowners do not realize is that the foreclosure process is typically lengthy and the title has never officially been transferred. Sometimes the foreclosure is cancelled and a sale is never held. This creates a zombie foreclosure that haunts a neighborhood and the homeowner for a long time.

Home improvement projects are typically a good thing but in some cases they can be a disaster and even lower your property value.  On the television show, Home Improvement, Tim Allen played a character that was not very handy.  He was typically doing improvements incorrectly with little regard to safety.  Al Borland was always there […]

Many people are fearful that the government shutdown will cripple the housing recovery.  It is true that the government shutdown has many effects and negative consequences, but in reality, it is not a very big deal when it comes to the real estate market.   The Negative Effect on the Real Estate Market Here are […]

Adding a bathroom, making renovations to a current room or running new pipes or electrical wiring could all be parts of making home improvements for the typical Chicago resident. When that home improvement bug bites, the urge to grab up materials and get started right away can be difficult to resist – we all know […]

Recently, the increase in all-cash real estate purchases in Chicago have made news. However, now there is more data made available that can be used to further dissect the influx of cash real estate purchases in Chicago and the correlation between the locations of the buys. Data from DePaul’s Institute for Housing Studies just released […]

College towns have always been very popular for real estate investors because they have an extremely high ROI. In many cases, they can receive 4 different rent payments on a 2 bedroom apartment! This is a complicated lease but the rent received is worth the extra paperwork. Not only that, most landlords require the parents to cosign the lease in case the student spends their money on partying and not on the roof over their head.

Marketing strategies involve separating your services from the competition and giving your customers the ideal real estate experience, which can include both the purchase and sale of a home. The better you can make this process will reflect in your profits and efficiency. However, this intricate real estate marketing process requires that you: Clearly identify […]

All cash offer purchases for homes occur more frequently than you might expect. The actual percentage of all cash offer occurrences in Chicago for 2013 is up to thirty four percent, which is a very large percentage of home purchases in Chicago. For the month of June, real estate purchases in Chicago that were paid […]

If you are a real estate investor, a Realtor, a loan officer, or a lawyer, then you already know that many title companies and the IRS make mistakes on a frequent basis. Most of these mistakes may never even cross your mind and they could end up costing you a great deal of money.  In […]

The real estate industry has been unstable the last few years as a result of several factors and the economic recession. The prices of housing has been dropping and declining in a downward spiral, until now. The situation has recently changed and bidding wars have started to flare up all over the country and especially […]