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It’s economy 101 – when supply is low and demand is high, prices naturally rise. That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals. In recent months, it’s become increasingly common for an appraisal to come in below the contract price on […]
In the current sellers’ market, many homeowners wonder what, if anything, needs to be remodeled before they list their house. That’s where a trusted real estate professional comes in. They can help you think through today’s market conditions and how they impact what you should – and shouldn’t – renovate before selling. Here are some […]
Some Highlights.
According to recent data from realtor.com, median rental prices have reached their highest point ever recorded in many areas across the country. The report found rents rose by 8.1% from the same time last year. As it notes: “Beyond simply recovering to pre-pandemic levels, rents across the country are surging. Typically, rents fluctuate less than 1% from month to month. In May and […]
While the housing market forecast for the second half of the year remains positive, there may not be a better time to sell than right now considering the incentives to sell this summer. Here are four things to consider if you’re trying to decide if now’s the right time to make a move. 1. Your […]
What an earnest money deposit is The difference between an earnest money deposit and a down payment How to get your earnest money deposit back What is Earnest Money? When you’re ready to make an offer on a home, you may consider giving the seller a cash deposit to show them you’re serious about going […]
Bottom Line. In the flourishing landscapes of real estate, your home equity can take you places. This is not just a saying; it’s a financial reality echoed by real estate experts. Let’s connect with real estate experts in Chicago at KM Realty Group LLC to discuss taking advantage of today’s sellers’ market to get the most […]
Are you thinking about selling your house in Chicago? With the help of real estate experts, you can ensure you price it correctly. There’s no denying that we’re in a sellers’ market right now. With low inventory and high buyer demand, homes are selling above their asking price at an all-time high. According to the […]
If you’re thinking of buying a home, there really is no time like the present. With today’s low mortgage rates, you have a great opportunity to get more home for your money. The challenge is inventory. Like you, many buyers led by real estate experts, want to capitalize on these market conditions, and it’s leading to […]
The question of whether the real estate market is a housing bubble ready to pop seems to be dominating a lot of conversations – and everyone has an opinion. Yet, when it comes down to it, the opinions of real estate experts that carry the most weight are the ones based on experience and expertise. […]
