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 …

Land Survey

3 Things You Should Know About Land Surveys

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by Kurt Clements In the south side of Chicago land surveys almost seem unnecessary, with the 25X125 lots and all.  Yet, that could be farther from the truth.  One thing to think about when purchasing a home or parcel of land is to have an updated land survey conducted. While property deeds generally include detailed information, many are outdated for a …

Down Payment

3 Tips To Save For A Down Payment

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by Kurt Clements Saving up for a down payment for a new Chicago home can feel overwhelming. In the south side of Chicago real estate is still hot and down payments are a must. Most people have never saved up the kind of money it takes for a down payment. It can be done, though. The goal is to put 20% …

Title Search

How The Title Search Works

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by Kurt Clements When doing a title search in the South Side of Chicago the the question is over, “what is the point?”.  A title search is an early warning system for buyers and lenders. It reveals flaws the owner must resolve prior to a closing or refinance request. This allows the owner to clear any issues on the title so …

Real Estate 2019

What’s Ahead for Real Estate in 2019?

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by Kurt Clements As we begin another year, everyone wants to know: “Where is the housing market headed in 2019?” It’s not only buyers, sellers, and homeowners who are impacted. The real estate market plays an integral role in the overall U.S. economy.  Fortunately, key indicators point toward a stable housing market in 2019 with signs of modest growth. However, …

5 Home-Buying Pitfalls To Avoid

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 by Kurt Clements Buying your first South Side of Chicago home can be nerve-racking, especially if it’s the first time and especially if you are not using a top South Side of Chicago Realtor.  Ahem, me ([email protected]). The buying process is exciting and often complex. The chances of making a mistake are relatively high. In today’s South Side of Chicago real …

Offer Accepted

What Happens After Your Offer Is Accepted?

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by Kurt Clements When you make an offer on a home, you wait anxiously to see if it will be accepted. With my South Side of Chicago clients I often tell them that sometimes you’re lucky enough to hear back within hours. Other times you could wait days or even weeks. But once you get that good news that your offer …

Secondary Markets

Big Cities vs. Secondary Markets: Where to Buy?

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by Kurt Clements As a real estate agent in the south side of Chicago I always try to pay attention to the rest of the real estate markets throughout the US.  Atlanta, Charlotte, New York and Los Angeles are always on the real estate radar because of big ticket sales and good media coverage. The secondary markets – those markets without …

Buying a shore sale or foreclosure

Differences Between A Short Sale And A Foreclosure

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by Kurt Clements If you’re looking to get an untraditional deal on a new home purchase, you may encounter either a short sale or a foreclosure. These two terms refer to sales that are not usual. As a homebuyer, it’s important to understand the differences between them and how each one might affect your buying experience. What’s A Short Sale? A …

Strategies for buying and selling

Strategies For Buying And Selling A Home At The Same Time

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by Kurt Clements If you’re already a homeowner in Chicago and you’re getting ready to buy a new home, in Chicago, you know it’s tricky to buy and sell a home at the same time. There are lots of questions about how to handle this scenario. What if your old home doesn’t sell quickly? Will you have to make two mortgage …