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 …

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 …

Auction

Auction 101: Bidding On Your First Property

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by Kurt Clements Are you thinking of buying an auction home to invest in the South Side of Chicago? With the right combination of strategy, knowledge, and luck, flipping houses can create big profits for short-term investors. However, your path to success starts at your first auction. For first-timers who are intimidated by their lack of experience at public auctions, follow …

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 …

Newest Home Pricing Data Shows Homes Becoming More Attainable Across The Country

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by Kurt Clements I usually focus on Chicago Real Estate issues, specific to the South Side of Chicago.  However, today I want to discuss the market effects throughout the country. Case-Shiller’s 20-city home price index for September reported the lowest pace of year-over-year home price growth in almost two years. Lower home prices balanced housing markets between sellers and buyers, but …

5 Home Renovations That Really Raise Values

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by Kurt Clements Chicago renovation projects on the south side are insanely popular right now.  There are many home renovation projects that can increase the comfort and visual appeal of a dwelling. Owners who plan to sell their home in the future, however, prefer to focus on projects that will return a healthy profit at closing. Here are 5 renovation projects …

How To Stage A House For A Faster Sale At A Higher Price

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by Kurt Clements “Staging” a house means to prepare it for sale in ways that make it more attractive to potential buyers. Homeowners in Chicago can do much of this staging work themselves and should get suggestions from their real estate agent. They can also hire a professional to do the staging work for them. Value-Added Staging A study of 4,200 …

5 Tips To Price Your Home To Sell For Top Dollar

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by Kurt Clements Many home sellers are confused about how to price their home to sell. It’s definitely challenging to try and find that sweet spot between pricing it low enough so it flies off the market without undercutting the home’s value. Emotions play into the decision, too. If the seller has a lot of sweat equity in the home, or …

You Ask, We Answer: What is Private Mortgage Insurance or ‘PMI’ and How Does It Work?

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by Kurt Clements For many homeowners, their mortgage payment contains more than just principal and interest. A little something called PMI could be representing a significant portion of that payment, and it’s important for home buyers to understand this cost. I do my best to explain both in this article for my South Side Chicago homebuyers. What Is PMI? PMI stands …

U.S. Wage Increases Could Help Home Buyers

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by Kurt Clements The struggle to achieve the American homeownership dream often feels like it happens in a vacuum. Everyday people work hard, save money and polish up their credit to get a low mortgage rate. As a Realtor I love to watch my south side Chicago home buyers grind through the struggle and make it happen. But there are powerful …