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What happens when my property value goes down?
In my business, everyone always expects property values to go up indefinitely. And unfortunately, that isn’t always the case.
A decrease in property value doesn’t mean declining market prices. In fact, the real estate market has shown consistent growth throughout history, even accounting for significant dips like in 2008.
Should You Lock Your Mortgage Rate Today?
As interest rates continue to increase, housing demand in Chicago has plummeted. Closed sales have decreased by 33% since the June peak, but why does that ultimately matter? Well…Prices are finally going down.
Home prices in the Chicagoland area dropped by 13% in October compared to June. That’s partly due to seasonality. Housing prices always peak in June and decline towards the winter in Chicago. But this year, that curve is steeper (nuances, I know).
Ranking the best home buying sites (and the worst)
If you’re house hunting, you’re probably using online resources to help you find your perfect place. But with so many listing websites out there, it can be tough to know which ones are the best real estate websites.
Today we’re going to rank the most popular real estate websites from worst to best. Before we start, I want to discuss our ranking criteria.
What to look for when buying a house- Nailing the house hunt
As a real estate agent, when a first time buyer is looking for their next home, I often spend time with them and help set the stage. I want them to know exactly what to expect during the house hunting stage.
During a home search, we only have about 15-20 minutes at each property, which makes it important that we thoroughly and efficiently evaluate things – this way, there’s no wasted effort or drive back and forth from different houses!