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 …

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 …

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 …

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 …

What is the Multifamily Market in 2019 Looking Like?

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by Kurt Clements Wake up Chicago.  A growing supply of housing, volatility in the marketplace and risks in the development process all affected the multifamily market in 2018. In 2019, these three factors will continue to move the needle. The Housing Supply Markets like Boston, Seattle and Nashville are growing supply faster than demand. From 2015 to 2017, developers were building …

4 Reasons Why Home Ownership Is Better Than Renting

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by Kurt Clements Are you trying to decide if you should rent or buy in Chicago, specifically the south side of Chicago where I can help you most? ? There are many reasons why home ownership is better than renting. Here are just a few to consider when you’re making your decision. 1. Stability For Your Family When you own your …

Case-Shiller: Home Price Growth Grinds to Lowest Rate in 2 Years

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by Kurt Clements Real estate in Chicago is not the only market in the world, go figure.  This article will examine real estate prices throughout the U S of A. Home prices rose by 0.40 percent in October according to Case-Shiller’s 20-City Home Price Index and were unchanged from September’s year-over-year reading of 5.50 percent growth. Slower growth in home prices …

Homeownership

5 First Steps For New Homeowners

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by Kurt Clements As a new homeowner in the South Side of Chicago, now is the time to take control and organize your house for safety and security. The following first five steps should be carried out in the first few weeks if possible. 1. Change The Locks There’s no way of knowing if the previous owners gave copies of the …

Should You Buy A Fixer Upper Or Move-In Ready Home?

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December 14, 2018 by Kurt Clements There’s a lot to be said for buying a move-in ready home. All you have to do is put your things away and start living your life. On the other hand, buying a fixer upper has its advantages, too. You can get a great bargain on a fixer upper home. So which one should you choose? …