Rent Prices Continue to Surge Nationwide-Buy Now
March 17, 2022
https://www.roomvu.com/agent/richard-stewart?video=rent-continues-nationwide&share=true...
Buying a New Home: The First Steps
March 15, 2022
When you're thinking about buying a new home, the first steps in the process are usually are: Finding a neighborhood that's right for you. Considering how much money you would like to spend.Thinking about what type of home you would like. Deciding when you want to make your move. As a ...
Purchasing a HUD Home
March 15, 2022
Are you looking at purchasing a HUD Home. When purchasing a HUD Home you may find that these homes are in need of TLC. It is important as a Buyer that the HUD Registered Real Estate Agent you work with provides you all of the information they can regarding the home. To be safe, always have a ...
What are the risks of waiving a home inspection?
March 15, 2022
What are the risks of waiving a home inspection?A home inspection is a standard part of the homebuying process. After a buyer’s offer is accepted, the buyer hires a licensed professional who checks the wiring, flushes the toilets, peers into the attic and tests the heating and air conditioning systems.In a buyer’s market or a ...
How will increasing interest rates impact the housing market?
March 15, 2022
How will increasing interest rates impact the housing market?In the past this was a easy question to answer – when interest rates go up, it costs more to purchase a home, the demand drops, price appreciation slows and home stay on the market longer. This year, the numbers are not that straightforward. The market has been hot, homes ...
Looks like we will see some new colors in 2022
March 15, 2022
These Are the 2022 Decor Trends Designers Are Most Excited AboutBy: MARISA DONNELLY, Published on 11/17/21On the other hand, there's still room for color. “[In] 2022 [it] is all about greens and pinks—in a way you’ve never seen them before. Think [deeper], jewel-toned greens and rooted, terracotta pinks,” says M+A Architects Interior Designer ...
Working with senior Clients
March 15, 2022
Have you stopped to think how a senior client may need a different approach that is not rushed and special awareness to listen for areas that need reassuring and understanding. Listing a home for these clients can be very rewarding.A great way to start out with the special client, how would I want my grandparents treated?Health issues ...
Investor Series – What is BRRRR?
March 15, 2022
Its cold out there campers!! This is a continuing series about investor terms in Real Estate and what they mean. BRRRR is a common concept in the investor tool box when it comes to Real Estate. Besides something you might say when its cold out, it’s actually an acronym for something very different. ...
Paint Color Trends on Radar for 2022
March 15, 2022
The new year is the perfect time to consider a home refresh. But if a gut renovation isn't part of your plans, giving your space a new look with a fresh coat of paint is the next best thing. Cover all four walls with calming blues or neutrals, or go for an arresting accent color — think ...
Spring Home Maintenance Tips!
March 15, 2022
As we head into Spring and the sun starts shinning longer and the ground starts to thaw, I’ve prepared tips to make sure your home is ready!Look at your roof shingles – Ensure you don’t have any missing or loose shingles. Any that are cracked or buckled need to be replaced. Make sure to ...
New First Time Homebuyer Savings Program for Michigan
March 15, 2022
Michigan Realtors and Legislatures have been working on a program to help Michigan residence purchase homes in the state by introducing a tax deferred savings program, for a long time.This new law just signed by Governor Whitmer creates a tax-free savings account for a first-time home purchase in Michigan. This tool will help retain talent and grow our ...
The Chicago real estate market: Stats and trends for 2022
March 15, 2022
The Chicago real estate market is hotter than ever, with prices skyrocketing due to inventory shortages and the high cost of new construction. As The Real Deal reports, even buyers with medium-incomes often lose in bidding wars in less expensive areas like Garfield Park and Humboldt Park, and are more likely to stay in rentals.Inventory is down to ...
Don't Let Inflation 'Inflate' Your Idea of Your Home's Value
March 15, 2022
Many financial minds and experts have much to say about inflation and it's effect on real estate. It would certainly make sense that if the price of everything else is going up, why wouldn't one's most precious asset-their home-also go up in price (if they're selling) and perhaps value as well? The answer ...
Foreclosure starts increase monthly in 40 states
March 14, 2022
Foreclosure starts increase monthly in 40 states including the District of ColombiaLenders started the foreclosure process on 16,545 U.S. properties in February 2022, up 40 percent from last month and 176 percent from a year ago.Those states that saw the greatest numbers of foreclosures starts in February 2022 included: California (1,868 foreclosure starts); Florida (1,...
Exterior Spring Home Maintenance
March 14, 2022
Exterior Spring Home MaintenanceTake a Look at the Roof. ...Clean the Gutters. ...Inspect the Concrete. ...Run Outside Faucets. ...Give Your AC Some Attention. ...Check Out the Deck. ...Repair and Reseal Woodwork. ...Run the Sprinklers....
Case Study: Property Management
March 14, 2022
Client: Local Community BankThe ChallengeA lender took back a 2-flat property through deed-in-lieu of foreclosure that was occupied by section 8 tenants. The rents were in abatement with the Chicago Housing Authority due to failed property inspections.The SolutionParkvue Realty stepped in as the interim property manager and was able to transfer the property under our management with ...
Your Home Can Help Make Your Money Go Further
March 14, 2022
Inflation has generated a lot of attention lately as the prices ofgoods and services have risen faster than they normally do.Housing can be one way to hedge against inflation, helpingreduce the impact it has on your purchasing power.If you buy, a fixed-rate mortgage means your monthly principaland interest payment won’t keep going up like rent will....
Don't Overlook Home Safety Checks
March 14, 2022
Home safety checks should not be overlooked. With the season changing it is a good time to run a safety check in your home.Smoke detectors and carbon monoxide detecters are a good place to start. Not only check your batteries but clean the detectors off. Built up dust can affect the way they work.If you ...
An aspiring homeowner's guide to Real Estate Terms
March 11, 2022
An aspiring homeowner's guide to Real Estate Termshttps://www.roomvu.com/agent/richard-stewart?video=aspiring-guide-terms&share=true Presented by Richard Stewart REO Specialists llc Kalamazoo MI 269-345-7000...
Foreclosures-A-Poppin!
March 11, 2022
Foreclosures-A-Poppin’: The February U.S. Foreclosure Market Report published by ATTOM found 25,833 properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — during February, an 11% increase from January and a 129% hemorrhage from one year earlier.Rick Sharga, executive vice president at RealtyTrac, cautioned that the dramatic increase from one year ago ...
Preparing to Buy Spring 2022
March 11, 2022
Preparing to Buy During the Spring 2022 Homebuying SeasonIn the coming months, mortgage rates and home prices are forecasted to rise. This will cut into your buying power, so it’s important to begin preparing financially as far in advance as possible. Building your credit score can help you qualify for a lower mortgage rate. You’ll want to ...
HOW TO MAKE YOUR YARD READY FOR SPRING
March 10, 2022
https://frador.com/how-to-make-your-yard-ready-for-spring/Spring has sprung! Do you have spring fever watching the snow melt and seeing your yard emerge? It doesn’t look like the yard you remember, does it? The grass is brown and matted down, debris is everywhere and plants may be damaged from the harsh winter. Luckily, this depressing sight of spring can be changed. Now is ...
What Buyers Are Looking For In 2022
March 09, 2022
Selling your home in 2022 is an excellent idea as property values are expected to continue to increase after a record 2021. If you’ve been thinking to yourself, “I should sell my home,” but you’re not entirely sure what buyers are looking for in 2022, you’re in the right place. In this post, we’...
More Americans Fear Even Higher Rental Costs
March 09, 2022
More Americans Fear Even Higher Rental CostsRents have been climbing higher and higher, and Americans have felt it in their wallets. A record number of Americans say they expect rents will rise even more over the next year as well, according to a newly released Fannie Mae survey.Sixty-nine percent of respondents said rental prices will rise. Consumers expect ...
Palatine approves 6-home subdivision, for the second time.
March 08, 2022
Five years after initial approval, a plan for a new small subdivision in Palatine is back on track.The Carraig subdivision is slated to have six single-family homes at 274 and 286 W. Michigan Ave. The 2.75-acre property currently is divided into two lots.The new subdivision will be between two existing subdivisions: Arcadia and Arcadia West.The ...