In real estate, it’s a question that’s been asked for ages – is it better to own or rent a home?
It’s springtime in 2018, and the housing market in Chicago is strong. Make no mistake about it, we are in a seller’s market. Housing inventory is low, and prices are on the rise.
Whether it’s Algonquin, Lake in the Hills, Huntley or Crystal Lake – building a new home can be very exciting, and it’s very attainable for home buyers right now! With limited homes for sale on the market, new construction is becoming a very popular attraction.
It’s spring time in 2018, and we’re about 6-7 years removed from the bottom of the housing crash. The stock market is doing very well as the Dow Jones hit record highs earlier this year. For the 5th month in a row, unemployment rate numbers in February came in at 4.1%. And the housing market seems to be booming across the country in most areas, as prices have exceeded their previous highs from the pre-recession days.
Home flooring products have come a long way over the years. Newer materials such as bamboo, and a large array of carpet, tile, and hardwood, give home buyers the flexibility to include flooring materials into the overall design of a property. This article contains a few different flooring options for McHenry County homes, or homes in the greater Chicago area.
Planning on getting a mortgage when purchasing a home? Then read on. When looking at home loans, you typically see the words interest rate and APR. When talking with Algonquin home buyers, I see that these are commonly misinterpreted as being synonymous… but they are actually calculated differently. It is important for home buyers to compare both and understand what they mean. Below are details on the difference between interest rate and APR.
Moving is an extremely hectic event. Weather you’re selling your Chicago condo, or moving to your Lake in the Hills home, there is so much going on….And you may forget a few important items, so here are a few pre-closing tasks to help with the move. When you’re working with a top realtor from 103 Realty, we’ll help make sure you know what to do and when to do it, to ensure your home closing goes as smooth as possible!
Mortgage insurance is generally part of a loan when a home owner puts less than twenty percent down of the value of a property. It protects lenders against loss should a homeowner fail to pay a loan. Even though it insures the lender, it is normally the responsibility of the buyer as a closing cost and additional recurring amount. In some cases, a mortgage company will cover the expense of the mortgage insurance. This blog provides an explanation of lender paid mortgage insurance for Chicago mortgages.
From free pizza to a complimentary stay, there are many things home sellers have offered up in order to get their home off of the market and out of their hands.