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All tagged Residential Real Estate
As mortgage rates rise across the United States, prospective first-time home buyers face continual challenges to their pursuit of homeownership. After hovering near record-low rates throughout the earlier portion of the coronavirus pandemic, mortgage rates now returned to early 2020 levels.
Real estate closing delays easily make an already stressful process even more tense. Waiting for your new home to close is an involving process.
Buying a house is almost always a stressful event, particularly so if you are a new prospective homeowner. Your real estate agent or broker is supposed to help you along the road to becoming a homeowner, but for some, racially discriminatory practices by the few unscrupulous agents and brokers in New York has tainted the home buying experience.
COVID-19 continues to remain an interesting backdrop for recent and ongoing litigation. With millions affected economically by government shutdowns, there continue to be plenty of disputes within the real estate industry and elsewhere.
The federal and state governments are working diligently responding to concerns of foreclosure or eviction during the COVID-19 pandemic. With many states enforcing stay-at-home orders, many individuals have lost their source of income, saw partial income declines, and are being forced to work from home.
Due to the recent headlines, real estate deals across the country may now be in jeopardy. However, a prospective home buyer backing out of the deal isn’t really that uncommon.
However, you want to make sure that you’re prepared to continue selling your property, regardless of the situation. Here are some of the key first steps to take in the even a home buyer is backing out of the deal.
When selling your home, the last thing you want is a long, drawn-out process. Ideally the entire process is a smooth and quick one. But there are times when you find yourself in a position where you need to sell your home extremely fast, say within a week or two.
When you’re a distressed seller, there are a few things to keep in mind if you need to sell fast.
Whether you are trying to sell your home in a buyer’s market or a seller’s market, you should always strive to deliver maximum value for your potential buyers. Adding extra value tells potential buyers that you are interested in them and that you respect the property.
Here are a few cheap and effective ways to add additional value when selling your home.
Illinois may be known as the Prairie State, but it’s also a great place to buy a home. However, navigating the world of offers, counteroffers, and earnest money can be tricky to those new to real estate.
This brief guide for understanding offers and counteroffers in Illinois is here to help you find the home of your dreams while also providing a better idea of how to maneuver through the negotiation phase as seamlessly as possible.
