Home Seller: How to Handle A Negative Home Inspection

home inspection report on table with flashlight

Selling your home can be a complex transaction with many twists and turns. One of those twists can be the home inspection. Knowing how to best respond to a negative home inspection can mean the difference between closing the sale or putting your home back on the market. It's best to put your ego aside, and prepare to compromise.

Tips for Preparing a Competitive Purchase Offer

buyers in their new home

Some communities and neighborhoods are ‘hotter’ than others, and homes in those areas sell faster and for more money. If you are looking to purchase a home that is in one of those areas, and the home itself is priced fairly, you may find yourself competing with other buyers to get your offer accepted by the sellers.

If you find yourself in a multiple-offer situation, making a stronger offer than other buyers will make all the difference. To make your offer as strong as possible, and ultimately acceptable to the seller, here are some things to consider.

How To Find Out What Your Home Is REALLY Worth

casual dining room

If you're reading news publications, consuming social media posts, and/or watching the evening news, then you have probably been hearing a lot about the housing market and how home prices are increasing by healthy percentages around the nation.

What does this really mean to you?  If you saw a report that said home prices increased by 5% since this time last year, does that mean that the value of your home increased by 5%?

Realogy Named One Of The World's Most Ethical Companies®

ethics graphic

Realogy, the parent company of Coldwell Banker and a leading provider of residential real estate services, was named one of the 2019 Word's Most Ethical Companies® by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices. 

This is the eighth time that Realogy earned this honor! The company is among 128 honorees recognized spanning 21 countries and 50 industries.

Join us in welcoming Matt Stangel to the McMullen team!

Matt Stangel

Matt has been around real estate his whole life, growing up with a Realtor® dad, Mike Stangel.

Matt grew up in Edison Park and Park Ridge and currently lives in Des Plaines. He graduated from Concordia University Chicago and has previous experience as a project coordinator in the Greater Chicagoland Area, has coached high school basketball, and organized sport leagues and tournaments throughout the Chicagoland area.

Why did your credit score drop? Some less obvious reasons

house or credit card usage

 

Perhaps you're preparing to buy a home. You know that your credit score is a major deciding factor in whether you will be approved, as well as what rate and terms you will be offered. The better your credit score, the better interest rate and terms the mortgage company will offer.

You have been paying all your bills on time, and trying to do everything right . . . but your credit score suddenly dropped. What happened?

Paying your bills on time is a major factor in your score, but there are some less obvious reasons your credit score may have dropped.

Chicago Housing: Affordability and Inventories

Chicago housing market update

The Spring home buying and selling season is nearly upon us. Punxsutawney Phil predicted an early Spring. Hope his weather radar is accurate!

Chicago remains a great place to live and to raise a family. Homes in Chicago are affordable, unlike many other big American cities, and life here gets more interesting every year.

Let's take a look at some of the recent housing industry statistics for Chicago real estate.

First Time Home Buyer? 9 Steps To Take Now

young woman walking dog on city street

Are you looking to purchase your first home?

Here are 9 steps to take to help you decide whether you're ready to make the move:

1. Check the selling prices of comparable homes in your desired area. Do a quick search of actual MLS listings in the area where you would like to live so you have an idea of what you can get for your money.