How Is Your Real Estate Transaction Setting Up Your Long-Term Financial Future?

Did you know? Between 2010 and 2017, homeowner equity in the United States  increased from $6.16 trillion to roughly #14.44 trillion, according to a report from Statista. In 2018, according to a report from CoreLogic and CNBC, homeowners saw their equity increase 12 percent – that translates to an average of $15,000 per homeowner, and a total gain of more than $900 billion. In short? Homeownership can really pay – if you’re willing to invest time, //READ MORE

2018-11-28T10:52:46+00:00 December 4th, 2018|Community|

What Is a Plat of Survey?

Where do you live? OK, wait, sorry, that was way too forward, let’s go back and try again. Let’s try this: How would you describe where you live? After getting a question like this, most people would respond in a pretty similar way. They might describe their neighborhood – “oh, I live next door to a Jewel and two blocks up from the L.” They might talk about the features of their home – “red door, //READ MORE

2018-11-28T10:53:05+00:00 November 29th, 2018|Community|

Home Ownership Vs. Home Rental In Chicago

Are you currently renting a home? Do you think you could ever own? Are you tired of paying your landlord’s mortgage? In many ways, it’s actually cheaper to own your own home than to rent. Historically, this has tended to be true in Illinois. As Chicago Agent Magazine found, as recently as 2017: “…it is more affordable to own a home than renting a single-family home in Illinois. The average monthly rent in Illinois is $1,460 //READ MORE

2018-11-28T10:52:19+00:00 November 27th, 2018|Community|

‘Do I Need a Real Estate Attorney to Buy or Sell Property in Illinois?’

Here in Illinois, there are some “unwritten rules” that are nevertheless taken pretty seriously. For instance, it’s taken for granted that the perfect hot dog comes with mustard, white onions, relish, dill pickle, tomato slices, sport peppers, and celery salt. It’s widely accepted that, if you’re taking an escalator, you stand on the right side of the stairs and allow people to pass you by on the left side. And it’s pretty much standard that, if //READ MORE

2018-11-28T11:00:18+00:00 November 15th, 2018|Community|

‘What Are My Options If I’m Behind on My Mortgage?’

As of early 2017, 5.3% of mortgages were delinquent by 30 days or more, according to a report by HousingWire. In that same period, the serious delinquency rate – that is, loans that are 90 days or more past due, including those in foreclosure – hovered around 2.5%. All of this is to say that if you’re fearful of falling behind on your mortgage payments, you’re not alone. While falling behind on your monthly mortgage payments //READ MORE

2018-11-28T11:01:42+00:00 November 6th, 2018|Community|