Category: Knowledge Base

Buying foreclosures in Chicago can be a sound investment strategy, but you need to know how to take advantage of these opportunities. Before buying any Chicago foreclosures, there are some important things to keep in mind about the process in general and the property in particular. Foreclosures vs. Pre-Foreclosures You should consider whether you want … Continue

So you’ve just purchased a foreclosure property and it’s necessary to make some renovations.  As with any investment, it’s important to stick to a budget. While some tasks can be easily accomplished yourself, it’s also very important to hire professionals to do certain tasks for both safety and economic reasons.  Here are a few areas … Continue

Currently, the state of the housing market in Chicago is positive, with few foreclosures. However, since the start of the pandemic, many businesses have closed and employees have experienced job loss. This may leave many wondering what the future of the real estate market will hold. It’s important to find facts about foreclosure rates in … Continue

Whether you just purchased an investment property that needs a complete renovation or you are planning to put your home on the market and need to make some last-minute changes, you may be wondering how COVID-19 is affecting these service providers.  The good news is that most contractors are continuing to work during this time … Continue

Over the last few years, and more recently since the beginning of the pandemic, high-end home buyers have had a shift in both their demographics and their wish lists. First of all, the demographics of the buyers themselves are changing—the millennial generation is beginning to increase their presence in the luxury home market as well … Continue

As we enter month five of COVID-19 shutdowns, precautions, and economic upheaval, the real estate market in Chicago has been staying steady. At the beginning of the quarantine, many financial and real estate experts were unsure of the impact it would have on the housing market. Even though the nation’s economy suffered an enormous blow, … Continue

Finding the perfect foreclosure to invest in is exciting, but paying for it is the opposite. Many would-be investors shy away from purchasing bank-owned properties because they don’t have the available capital to make an all-cash purchase, which is the preferred payment option (or sometimes only option as in a foreclosure auction). However, there are … Continue

According to many advisors, a great way to diversify your investment portfolio is real estate. An attractive option for those who want to generate a positive cash flow is to purchase a multi-unit property. This is a good choice for several reasons. May Be Less Difficult to Obtain Financing A larger loan for a multi-unit … Continue

Getting an offer accepted on a property is a big step to owning a home, but it’s not the end of the buying process by any means. Before closing on your new home, you have to overcome a few hurdles. One of the biggest, and potentially the most deal-threatening, is the home inspection. If a … Continue

Whether you are trying to estimate your current property’s value or determine if a potential new home is priced fairly (but aren’t quite ready to consult with a realtor), here are some tips for estimating it yourself. The first, and most important step, is to look for comparable properties in the same area. Try to … Continue