Chicago Real Estate Blog

Serious About Buying? Get Pre-Approved

Posted by Natalia Borzym on Sep 15, 2016 11:48:46 AM

 

In many markets across the country, the number of buyers searching for their dream home is much greater than the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.

But even if you are in a market that is not as competitive, knowing your budget will give you the confidence to know if your dream home is within your reach.

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Topics: Homebuyers, Real Estate

To-Do's: Your September Home Checklist

Posted by Natalia Borzym on Sep 7, 2016 3:40:31 PM

 

From the first days, which probably still feel like summer, to the last, when you may notice that first chill in the air, September is a time of transition. Get your home ready for the season ahead by ticking off these to-dos, from adding cozy layers to scheduling necessary maintenance — and then curl up in your favorite chair and savor the comforts of home.

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Topics: Chicago Lifestyle

9 Creative Ways with Plants, No Yard Required

Posted by Natalia Borzym on Aug 31, 2016 9:00:00 AM

 

Many of us, especially those who live in apartments and condos, know what it’s like to feel limited by our square footage and lack of outdoor space. But that doesn’t mean plants can’t be part of our lives. In fact, in a small space they can even be more of a focus.

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Topics: Chicago Lifestyle

Whether You Rent or Buy, You're Paying a Mortgage

Posted by Natalia Borzym on Aug 30, 2016 10:57:10 AM

 

There are some people who have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage - either yours or your landlord’s.

 

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Topics: Homebuyers, Real Estate

The Do's and Dont's of Decorating a Small Bedroom

Posted by Natalia Borzym on Aug 23, 2016 4:14:12 PM

 

Small bedrooms can be tricky to decorate. They often end up as unloved spaces with little personality because we’re worried that too much stuff will “shrink” them visually. Conversely, small spare rooms can end up as dumping grounds for old fitness equipment, packaging or clothes-drying racks.

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Topics: Chicago Lifestyle

You Can Save for a Down Payment Faster Than You Think

Posted by Natalia Borzym on Aug 22, 2016 4:28:14 PM

 

In a study conducted by Builder.com, researchers determined that nationwide, it would take “nearly eight years” for a first-time buyer to save enough for a down payment on their dream home.

Depending on where you live, median rents, incomes, and home prices all vary. By determining the percentage of income a renter spends on housing in each state, and the amount needed for a 10% down payment, they were able to establish how long (in years) it would take for an average resident to save.

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Topics: Homebuyers, Real Estate

Creative Ways to Get Your Dream Home in the Big City

Posted by Natalia Borzym on Aug 15, 2016 2:41:53 PM

 

Living in a big city can be fun and rewarding. But when space is limited and costs are high, finding affordable, appropriate housing can be a struggle.

How crowded are our cities? Sydney has a population of almost 5 million, according to the Australian Bureau of Statistics; Tokyo had 9.3 million residents at the time of its 2015 census; Moscow had more than 12 million, according to its Federal State Statistics Service; and London had 8.5 million residents in mid-2014, according to the Office for National Statistics.

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Topics: Chicago Lifestyle

What Do You Actually Need to Qualify for a Mortgage?

Posted by Natalia Borzym on Aug 10, 2016 11:17:23 AM

 

Fannie Mae recently released their “What Do Consumers Know About The Mortgage Qualification Criteria?” Study. The study revealed that Americans are misinformed about what is really required to qualify for a mortgage when purchasing a home.

 

To help correct these misunderstandings, let’s take a look at the survey results compared to the latest Ellie Mae Origination Insight Report, which focuses on recently approved loans.

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Topics: Homebuyers, Real Estate

To-Do's: Your August Home Checklist

Posted by Natalia Borzym on Aug 8, 2016 2:57:00 PM

 

With the transition from summer travels to the beginning of a new school year (and maybe some back-to-work blues), August can feel like a sudden downshift from the fun of vacation. Stretch out these last days of summer by squeezing in a few more home projects, savoring simple pleasures, and, when the time comes, cleaning up the beach toys and preparing the house for a busy fall.

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Topics: Chicago Lifestyle

The Cost of Renting vs Buying

Posted by Natalia Borzym on Aug 2, 2016 3:48:01 PM

 

Renting is often viewed as an "easier" choice over buying when it comes to where people want to live, but what is it costing you in the long-run? People typically assume that buying a home is the more expensive choice, especially if they are younger, but when you compare the percentages of income needed to afford a median home versus the median rent today, you might be surprised at the results.

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Topics: Homebuyers, Real Estate