Do You Own (or Dream of Owning) a Classic Chicago Bungalow? Keep Reading!
Learn all about these special Chicago-style architectural gems at the upcoming 2009 Historic Chicago Bungalow and Green Expo to be held Saturday, October 17 from 10:00 AM until 4:00 PM at the Merchandise Mart on Chicago's riverfront (222 Merchandise Mart Plaza).
[Read More]Posted at 10:48AM Oct 14, 2009 by Bob Billimack in Events Comments[0]
Unable to Buy a Foreclosed Home through Your Lender? Have You Heard of Home Path?
Many people are finding out it may be difficult to buy a foreclosed home for sale with an FHA loan or even conventional financing. A number of home buyers have battled it out with minimal success. One factor that kills many deals is the foreclosed home, selling at a very discounted price, still does not appraise for the value of the loan. What can you do?
[Read More]Posted at 10:19AM Oct 05, 2009 by Chandra Rose in Financing Comments[0]
You're invited to Dream Town's featured open houses this weekend! Agents are hosting showings on Saturday and Sunday for a number of excellent Chicago listings in the city and suburbs. Stop by to catch a glimpse or contact an agent to set up an appointment that works with your schedule. See you there!
[Read More]Posted at 01:35PM Oct 02, 2009 by Bob Billimack in Open House Comments[0]
What's the REAL Deadline for the $8K Tax Credit?
At Dream Town, as with many other firms in the city, we have noticed a large increase of people jumping off the fence and getting into the buying game. As awareness of the $8,000 tax incentive increases and the deadline of December 1st rapidly approaches, it is beneficial to consider closing well before then to avoid any chance of missing out.
[Read More]Posted at 02:10PM Oct 01, 2009 by Nykea Pippion-McGriff in Buying Comments[1]
3 Things to Say "YES" to as a Home Buyer
As a home buyer, you may find yourself saying "no" to things like properties you're not fond of, prices that are too high, locations you don't want to live… Well, here are a few occasions where it can really benefit your home buying power to say "yes"!
[Read More]Posted at 10:28AM Sep 30, 2009 by Beverly Bahm in Buying Comments[0]
You’re invited to Dream Town’s featured properties this weekend! Get a first-hand look inside some of our featured condo and loft listings this Saturday and Sunday. Here’s a rundown of what you’ll find, plus links to more info, property photos, floor plans and additional showing requests—in case you can’t make it this weekend!
[Read More]Posted at 01:39PM Sep 25, 2009 by Chandra Rose in Open House Comments[1]
The door to your U.S. government gift of $8,000 is about to close. The federal housing stimulus program based on a tax credit for first-time home buyers expires November 30, 2009. Don’t confuse this with a tax deduction. It is a dollar for dollar tax credit subtracted from the income taxes you actually owe.
[Read More]Posted at 10:13AM Sep 25, 2009 by Bob Billimack in Buying Comments[0]
October 2nd is rapidly approaching and with it the announcement of the Olympic Bid winner. Chicagoans are polarized about whether or not it is going to benefit their city. Let’s hear your opinions regarding the matter. Do you think the benefits of having the Olympic Games outweigh the potential strain on our city's resources?
[Read More]Posted at 11:52AM Sep 24, 2009 by Julius Dickens in General Comments[1]
As an investor looking for residential properties in Chicago, can I find a property that cash flows?
For quite a long time, it has been nearly impossible to find a rental where “cash flows” in the trendier parts of Chicago (same in other major cities). A building “cash flows” if its income (rents) pay all expenses—and hopefully even provides a monthly “profit”.
Posted at 09:38AM Sep 21, 2009 by Bob Billimack in Buying Comments[2]
It’s supposed to be a gorgeous weekend in Chicago (could be one of our last this year). So why not get out and enjoy the day by touring some of the city’s must-see properties? Dream Town is hosting open houses at several featured homes this Saturday and Sunday, plus one great timber loft space on Tuesday, too!
[Read More]Posted at 12:17PM Sep 18, 2009 by Nykea Pippion-McGriff in Open House Comments[0]
Highest Priced Chicago Home Sale in ‘09
Chicago’s most expensive home sale so far this year was sold in August by Christine Carr of Dream Town. The 17-room mansion in Lincoln Park went for $5.6 million after 56 days on the market. It is the highest price paid in 2009 for a residential property within the City of Chicago.
[Read More]Posted at 11:43AM Sep 17, 2009 by Nykea Pippion-McGriff in Selling Comments[1]
Visit Dream Town’s featured properties this Sunday, September 13. Our listing agents are showing a variety of homes throughout the city and suburbs. Thinking of buying a loft with timber beams or a single family home with a white picket fence? We’ve got both, and a whole lot more. Come see for yourself!
[Read More]Posted at 01:05PM Sep 11, 2009 by Bob Billimack in Open House Comments[0]
What’s an FHA Loan, and is it the right loan for you?
FHA Loans are a type of mortgage that is insured by the Federal Housing Administration. It is commonly used by home buyers who do not have capital for the conventional percentage of the purchase price as down payment. Here are a few frequently asked questions about FHA loans to help you decide whether it is right for you.
[Read More]Posted at 10:37AM Sep 10, 2009 by Bob Billimack in Financing Comments[0]
Chicago Real Estate Update: Big Brokerages Consolidate
Two of Chicago’s largest real estate brokerages combined forces yesterday – the latest example in a string of similar consolidations resulting from slow sales and falling revenues. According to reports by Crain’s Chicago Business, Prudential Preferred acquired Rubloff Residential on Tuesday to create Prudential Rubloff Properties.
[Read More]Posted at 10:22AM Sep 10, 2009 by Nykea Pippion-McGriff in Market News Comments[0]
What About the Housing Market After the $8k Tax Credit Expires?
The $8,000 tax refund has been valuable to stimulating the housing market, at least we’ve seen it in the Chicago market. Buyers are coming out of the woodwork and they’re excited to reap the benefits of buying before the tax credit runs out on November 30. The question is: Once the incentive is over, what will happen to our housing market?
[Read More]Posted at 11:35AM Sep 08, 2009 by Chandra Rose in Market News Comments[0]
