Investing in Real Estate

Investing in Real Estate

Nowadays real estate investing has caught the fad of many in the United States that is seen as a good source of generating additional income. They offer incredible benefits than any other type of investments being a powerful wealth generator. Here are some proven reasons as to why you need to go with real estate investing. 1. Real Estate Markets Never Haste – This means it takes a slower pace to change with its market fluctuations. Though the real estate market confronts ups and downs, their changes are slow to react unlike the stock markets. For instance, you never discover a huge difference of 10 to 20 percent increase or decrease with your investments yesterday and today. 2. Purchase for Less than the Market Value – Real estate can be purchased for less than 60 to 70 percent of the market value in many instances. Remember, this is not the same with the purchase of an under valued stock that is difficult to find on a regular basis. 3. It’s Leverage – If you plan to purchase a real estate, you can borrow money which may not be possible while purchasing stocks. Moreover by availing loans and mortgages you can control the large dollar value of your real estate with your own small sum of money. As with stock markets that has the limits on the leverage amount, the real estate market has no such limits.  4. Tax Advantages – You can experience a great amount of tax depreciation with real estate. In general the real estate has basically two values, one with the land and the other with...
Real Estate Investment and Financing done right

Real Estate Investment and Financing done right

After the 2008 collapse of real estate prices, Illinois and Chicago were among those hit the worst: foreclosures, many homes which were considered ‘deeply underwater’ and a loan-to-value (LTV) of 125 percent or more. In December 2013, the U.S. Home Equity & Underwater Report found Illinois to have 32% of all residential property to be deeply underwater, making it among the top states with the condition. However, the present situation has improved quite a bit. The headquarters of Motorola Solutions is located in the city Schaumburg –off the northwest of Chicago. So is Woodfield Mall, which is the 11th largest mall in the United States, divisions of IMB, Zurich Insurance Group, and Comcast to name a few. All this leads to a higher employment rate than the U.S average. With a 10.4 percent rise in home prices in January 2015, the year is off to a good start for Illinois. The median price, i.e. the price lying at the midpoint of all home prices, has been rising statewide in Illinois every month since September 2012. According to Bestplaces.net the statistics show that the homes for sale in Schaumburg IL have a median cost of $193,500, while the average cost of living in Schaumburg is 8.60% higher than the U.S. average, this translates to a higher than average standard of living. “The strong price surge in the first month of the year shows that even in a traditionally slow time for real estate there’s enormous interest in finding a home to buy,” said Jim Kinney, ABR, CRB, CRS, GRI, president of the Illinois Association of REALTORS® and vice president for...
3 Things You Need to Know Before Selling a Home

3 Things You Need to Know Before Selling a Home

Home selling process is all about being set out for a market hit. There is a difference between an educated home seller and the one who flies by the seat of his pants. The erstwhile plans best for a successful home sale, knowing about the needs and requirements to go ahead with. Remember, the one who is well prepared can manage any stress levels and succeed with the best home sale. Before you go with any home selling make sure to set clear and ideal goals for your home selling process. Here are some tips that can help you with the very same before you consider listing of your home. 1. Choose the Right Realtor Choosing the right realtor is critical for any real estate transactions. In order to go with the right one, you need to track their records of success in this industry. Here are some basic things to consider before you reach out to them. The number of homes sold by the realtor on yearly basis Their approach towards you and the way of communication The market places of the realtor The ratio of list price to sales price on the homes they sell Their familiarity and online presence 2) Be Realistic in your Asking Price One of the biggest barriers while selling a home is the pricing of the homes. You need to price the home properly in order to have a pleasant experience in the home selling process. Overpricing a home can make the process unsuccessful as people may find it far beyond than its actual worth. Also look at comparable sales data from the...
How To Avoid Home Buying Mistakes?

How To Avoid Home Buying Mistakes?

Purchasing a home in Chicago real estate will be an exciting adventure to most of the home buyers and real estate investors. You have to be aware of it, because in buying a home you’re dealing with the considerable amount of money. If you don’t like to spoil your real estate investments in Chicago, then you need to make sure that the home buying process runs correctly and properly. Here are some valuable things you need to consider to avoid unexpected mistakes that can give disappointment to you. The most common mistakes of home buyers are they do a huge purchase earlier before making a home purchase. For example, they buy a car which is overpriced. Remember, buying a car is not a big issue but buying it before the home purchase may raise your debt ratio. So, don’t raise your debt ratio before making a real estate purchase in Chicago. It will be also recommended to remain in the same job or company during the home purchase process to avoid preventable problems regarding a home loan. When looking for the purchase of a home in the Chicago real estate, you need to make sure that you have completely examined the home before purchasing it. In this case, you may hire a professional home inspector to perform this analysis in order to relieve doubt even on the septic systems, mold issues, private wells and other systems and get them inspected. By doing this, you can easily save yourself from upcoming troubles. Keep in mind, purchasing a home or a property is not at all an easy task to perform,...
Chicago Real Estate Agent

Chicago Real Estate Agent

Today, the easy access of mortgage home loans has encouraged large number of people to purchase their own home or property rather than living in a rented house. Usually, people who earn well or who have the ability to manage their finances prefer to purchase their own property as a one time investment. Remember, it will be somewhat difficult to make the right real estate transaction without proper knowledge or guidance. In this case, it is advisable to employ a Chicago real estate agent when considering the purchase, sale or rent of a property. Nowadays, most real estate agents are well trained and experienced professionals who can understand the complications of buying and selling of a real estate property. They carry firsthand knowledge regarding the real estate (Property and Buildings for Sale) they deal with. They are also conscious of various legitimacies involved with Chicago real estate deals. Chicago real estate agents can clarify all your doubts such as reason for the property sales, property costs and evaluation costs. They are well-versed about the property size, cost of maintenance and advantages/disadvantages regarding specific deals. If you’re interested in making real estate transactions, you may contact a Chicago real estate agent or company and arrange an appointment. It is mandatory that agents and clients meet each other to discuss about the property facts, wherein customers can able to place their needs and expectations directly with the agents. It will definitely help agents in finding properties suitable to their customer requirements. Chicago real estate agents offer details about mortgage types based on your needs and requirements. They may also introduce local...