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In real estate, it’s normal to see ebbs and flows in the market. Typically, the summer months are slower-paced than the traditionally busy spring. But this isn’t a typical summer due to the noteworthy characteristics of the summer housing market this year. As the economy rebounds and life is returning to normal, the real estate […]
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 […]
The FHA loan is the most popular government-backed home loan in the country. These low-down payment loans are made by qualified lenders and guaranteed by the Federal Housing Administration (FHA). FHA loans require just a 3.5% down payment for borrowers with a 580 credit score or higher. For homebuyers with less-than-perfect credit, FHA loans offer […]
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 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 National […]
For many young or first-time homebuyers, purchasing a home or looking to buy a home can feel intimidating. A recent survey shows some homebuyers ages 25 to 40 may be unsure about the homebuying process and what they can afford. It found: “1 in 4 underestimated their buying potential by $150k or more” “1 in […]
Home prices have increased significantly over the last year, which in turn has grown the net worth of homeowners. Appreciation and home equity are directly linked – as the value of a home increases, so does a homeowner’s equity. And with these recent gains, homeowners are witnessing their financial stability and well-being grow to record levels. In […]
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. […]
As we transition into the second half of the year, the inquisitive minds of both buyers and sellers are eager to gain insights into the looming real estate trends in Chicago. Boosted by near-record-low mortgage rates and rising home price appreciation, the first half of 2021 saw a robust housing market. Chicago real estate professionals […]
Low inventory and high demand drive home prices in today’s fiercely competitive Chicago real estate market. As a result, we are observing a trend of growing appraisal gaps. According to the latest Realtors Confidence Index from the National Association of Realtors (NAR), as many as 54% of homes in Chicago are receiving offers over the […]