South Side Real Estate

5 Ways Bridge Loans Help Real Estate Investors Increase Profits

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by Kurt Clements Chicago and especially the south side of Chicago’s real estate investment market is on fire (Crain’s Article Here for more details). Bridge loans, which are also commonly referred to as interim financing, gap financing or swing loans, help a motivated home buyer to secure financing before their home or investment property sells. Lenders can usually modify these flexible …

South Side Chicago Realtor

FOMC Meeting Minutes: Why Fed’s Rate Policy Reversed Course

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by Kurt Clements What does the latest federal funds rate mean to would be buyers and sellers in the South Side of Chicago? After raising the target range for the federal funds rate in 2018, the Fed’s Federal Open Market Committee did not raise the Central Bank’s key interest rate at its meeting of January 29 and 30. While Committee members …

South Side Chicago Real Estate

What’s Ahead For Mortgage Rates This Week – February 26th, 2019

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by Kurt Clements As a Realtor in the South Side of Chicago and South Suburbs of Chicago I know how important an adjustment of interest rates can be.  Last week’s economic news included readings on homebuilder confidence in housing market conditions, minutes of January’s Federal Open Market Committee meeting, and existing home sales reported by the National Association of Realtors®. Weekly …

South Side Chicago Real Estate

Top 8 Home Design and Remodeling Trends for 2019

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By Kurt Clements If you’re a current homeowner, or in the market to buy and you live in the south side or south suburbs of Chicago, you’re probably curious about the latest trends in home design. Sellers who make strategic updates before listing a property can generate increased interest from buyers and, in some cases, a premium selling price. And …

South Side Realtor

Garage Organization Ideas For Your New Home

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by Kurt Clements Now that you have a beautiful new South Side Chicago home with a garage, the fun of organizing can begin. When your garage is well organized, everything is much easier. You can get home projects finished faster, get out the door quicker and better enjoy all your sporting activities. Here are some tips to organize your new garage. …

South Side Chicago Realtor

5 Simple Tips To Make Your Home Showings Easier

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by Kurt Clements Your real estate agent will likely give you 24 hours’ notice before bringing over interested buyers to see your South Side Chicago home. Sometimes eager buyers may request less of an advance, or even ask for a last minute showing when you are not sure if you put your clothes in the laundry basket or not. Since you’re …

South Side Chicago Real Estate

3 Ways To Help Your Kids Deal With The Move

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by Kurt Clements Kids of all ages often have a hard time dealing with moving, even when just moving from one South Side Chicago neighborhood to another. They may not be able to understand why the family can’t stay in the same place forever. Even with explanations, children often can’t readily envision how amazing the new place will be. Here are …

South Side Chicago Real Estate

How To Cut A Great Deal On A New Home Construction

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by Kurt Clements Savvy home buyers often get great deals on new construction homes by asking for deals and discounts and doing some up-front research.  In the south suburbs of Chicago and in the Morgan Park Neighborhood of the south side there are new construction neighborhoods ripe for the picking. Home builders often dislike offering steep discounts in sales prices because …

South Side Chicago Realtor

Mortgage Challenges For Self-Employed Home Buyers

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by Kurt Clements Self-employed business ownership is alive and well in the South Side of Chicago.  This makes real estate purchases difficult for self-employed borrowers and frustrating for a south side Realtor like me.  It’s no secret that mortgage lending institutions look favorably on steady paychecks and positive debt-to-income ratios. That can leave many self-employed prospective home buyers feeling anxious about …

Hard Money, South Side Chicago

Is a Hard Money Loan the Right Strategy for You?

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by Kurt Clements When potential investors on the South Side of Chicago ask me about hard money loans I give them my opinion.  When used as a part of an effective real estate investment strategy, hard money loans are an excellent tool to quickly increase holdings without risking existing properties. However, these loans aren’t for everyone. What investors get the most …