An inside look at Chicago real estate

Real Estate Answers

Why Own Rental Property?

Mark.Miles
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When purchasing a property to rent to others, there are a host of factors--both pro and con--that you should be aware of before considering this investment.

What To Do Before You Sell

Mark.Miles
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Even after you've arrived at the important decision to sell your property, you still have a lot of preparation before you officially put your home on the market. Here are five important things to do before you let buyers know your home is available.

When it’s Time to Close, Call a Lawyer

Kay Severinsen
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Most home buyers and sellers use real estate agents to help them through the process. But in the Chicago area, there's another professional you'll likely be calling before the deal is closed – an attorney.

What are REO Properties?

Mark.Miles
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You may have heard the term floating around in news reports and articles and wondered, what is REO? REO or Real Estate Owned properties are properties owned by the lender – usually a result of foreclosure. When a foreclosed home goes to auction and is not bid upon,…

EEMs: What are They?

Mark.Miles
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On the tails of an ever-growing green movement, some financial institutions are acknowledging the trend with special home loans known as Energy Efficient Mortgages (EEM). The basis behind an EEM is to make qualifying for a loan easier for barrowers who want to buy a house/condo with certain…

What's a FICO score?

Mark.Miles
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If you are in the market to buy your first home, it’s important to be prepared financially for what is most likely the biggest purchase you’ve ever made. Before you do anything, it’s essential to get a credit assessment to find out what your FICO score is. What’s…

Positive Influence from NAR Campaign Towards Realtor Perception

Mark.Miles
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By now, you have probably seen some of the National Association of Realtors® ads on TV promoting the value and benefits of working with a Realtor®.  The nation-wide public awareness campaign began in January and will run through November (11 months total). Among other things, the advertisements let…