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Real Estate

How to Avoid Real Estate Investment Scams

Real estate investment scams can cost investors thousands in lost assets. Understanding how they operate and how to recognize them can protect investors against financial loss. Losses Rising As they take advantage of a recovering real estate market, investors continue to add real properties to … [...]

What Chicago’s Building Code Overhaul Means for You

The Chicago City Council revised the city’s building code for the first time in more than seventy years, bringing it in line with the International Building Code (IBC) construction and use practices. These changes affect property owners, buyers, and developers. What Changed Construction technology … [...]

Will a Balloon Mortgage Land You in Hot Water?

Balloon Mortgages generally feature lower interest rates, smaller monthly payments, and lower down payment requirements but the large balance that comes due at maturity may make them too risky for some homebuyers. The inability to pay the balloon payment due at the end of the mortgage term may … [...]

Homeownership Is Once Again the American Dream

The American Dream of homeownership is once again a reality for those who may have been excluded from the housing market in the past. Buyers who do their homework and understand the local real estate market can avoid disappointment and be ready to close on the home of their dreams. With more buyers … [...]

Help! The Seller Backed Out of Our Contract

When sellers back out of a sale, buyers may be entitled to compensation for their losses. A contract to sell real estate is legally binding on buyers and sellers. Once the agreement is signed and funds are deposited in escrow, neither party can back out without consequences. Why Sellers Back Out On … [...]

The Key to Buying a House with No Down Payment

Mortgage assistance programs make it possible for many home buyers to purchase a house with little or no down payment. To make use of these programs, home buyers must understand which programs are available in their area and qualification requirements for each. Home Ownership can be a Reality The … [...]

Is Your Real Estate Agent Looking Out for Your Best Interests?

A conflict of interest may prevent real estate agents from representing their clients' best interests. Dual agency and other less apparent conflicts can place buyers and sellers at a disadvantage. To protect themselves, it is essential that all parties fully understand whose interests the real … [...]

Lowering Out of Pocket Closing Costs

While many closing fees are fixed, real estate closing attorneys will often negotiate who pays them, working with buyers and sellers to reduce out-of-pocket cash due at closing. Closing costs, or the fees paid to complete a real estate purchase, must be paid before title to the property is … [...]

Achieving Long-Term Success as a Real Estate Investor

Real Estate investment provides opportunities to grow wealth, but long-term success as a property investor does not come without preparation. Financial and property management skills, along with an understanding of the local market conditions are essential for successful real estate … [...]

Cutting Edge Technology: Changing the Commercial Real Estate Industry for Good?

Technological advances like automated valuation technology based on machine learning can simplify and expedite the process of buying or selling commercial real estate, but AVMs may also result in appraisals that do not reflect actual market values. As automated property valuation methods become more … [...]