Real Estate

Homeownership Can Be Steeper for Some Americans

As we celebrate Black History Month, we honor and recognize the past and present experiences of Black Americans. A significant part of this experience is investing in a home of their own. While equitable access to housing has come a long way, the path to homeownership is still steeper for households of color. It’s an important experience to talk about, along with how working with the right real estate experts in Chicago can make all the difference for diverse homebuyers.

We know it’s a more challenging journey to achieve homeownership for some because there’s still a measurable gap between the overall average U.S. homeownership rate and that of non-white groups. Today, the lowest homeownership rate persists in the Black community.

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Real Estate

Don’t Let Student Loans Slow Down Your Homeownership Dreams

If you’re looking to buy a home in Chicago, you may be wondering how your student loan debt could impact those plans. Do you have to wait until you’ve paid off your student loans before you can buy your first home? Or could you qualify for a home loan with that debt?

To give you the answers you’re searching for, let’s take a look at what recent data shows. That way, you know what to expect and what to do next to achieve your dream of becoming a homeowner. While everyone’s situation is unique, your goal may be more within your reach than you realize.

Do you have to delay your plans because of student loans?

Can you qualify for a home loan if you have student loans?

The key takeaway is, for many people, homeownership is achievable even with student loans.

Click here to read the blog and understand all points in detail at the KM Realty Group Chicago blog site.

Real Estate

Home Sellers Guide: Features Today’s Buyers Desire

The competition in the real estate world is cut-throat. Homebuyers tend to visit at least 4 properties in their desired locations, weigh the pros and cons of each and then make a decision. Some property buyers are not ready to compromise with their desired features and spend months searching for a home that meets their demands and requirements.

If you want to sell your property fast and at a profitable price in the challenging world of real estate marketing, you must try to add these features to your properties. Are you wondering what these critical home features are?

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Real Estate

It’s a Good Time To Sell: Consumers Agree

In today’s sellers’ market, many homeowners are weighing their options and trying to decide if they should sell their houses. If you’re in that group, you may be balancing things like the ongoing health crisis, rising mortgage rates, and your own changing needs to determine your best time to make a move.

However, recent data shows that time may already be here. According to the latest Home Purchase Sentiment Index (HPSI) by Fannie Mae, 76% of consumers believe now is a good time to sell in Chicago.

Click here to read the blog on the official KM Realty Group Chicago website

Real Estate

Americans – Real Estate is the Best Investment

. According to a Gallup poll, real estate has been rated the best long-term investment for eight years in a row.

. Real estate tops the list because you’re not just buying a place to call home — you’re investing in your future. Real estate is typically considered a stable and secure asset that can grow in value over time.

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Real Estate

2022 Real Estate Guide: What All You Need to Know

2021 was a wild year for the real estate world. Buyers had to scramble to find properties, and real estate marketing saw a hike in the properties’ prices. Both sellers and buyers have a lot of expectations for the year 2022.

As a real estate buyer, you may have different questions about the real estate trend in the year 2022. What is the best platform to view the property classifieds? Will the home prices reach a new height? Will the mortgage rate decline? These are some of the common doubts you might have. We bring you real estate trends of 2022 that you should look out for. You can thank us later.

✔️ Rise In Home Price

✔️ The Mortgage Interest Rate Will Remain Slow

✔️ Growth Of Online Real Estate Service

Click here to read the complete blog on the official website at Puerto Rico & The World.

Real Estate

Top Five Things To Look Out When Visiting A House For Sale

The first walkthrough of homes for sale is crucial. It’s the first-time you view the home from the inside and compare it to your dream home. During the first house visit, genuine buyers often assess it based on its amenities, neighborhood, number of rooms. However, a home is more than that. It’s structural and stability plays a significant role. We bring you a checklist of things you look out for during the first visit of properties for sale.

Here are some of the points that will help you understand well.

✅ Inspect The Floors

✅ Look Out For Cracks In The Wall

✅ Notice The Fresh Paint

✅ Pay Attention To The Tress

✅ Assess The Windows

Click here to read full points in detail

Real Estate

Helpful Tips for Selling Your Home; Here’s 2022 Guide on How to Prepare

Have you been wondering how to sell your property in 2022? Well, that is a critical process but not an impossible one if you follow the proper steps. 

Since you must have been residing in that particular house for years, there might be visible signs of wear and tear. And to start right, you should first fix them. Also, you will have to detach your emotional attachment to the house before searching for real estate agents near you. Only then can you put up homes for sale successfully. 

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Now that you are taking notes on preparing yourself and your property for sale read the following real estate guide. It will help you sell your home fast.

✅ Start with Hiring a Trusted Real Estate Agent

✅ Declutter the Property and Make Necessary Repair

✅ Do Home Valuation and Set the Asking Price

✅ Take Photos for Publishing in the Adverts

✅ Keep All the Necessary Documents Handy

From hiring a realtor to using a real estate advertising tool, all these things help you prepare for the sale. So, you better not skip any of these guiding steps. We understand that letting someone else own a place where you made memories is not easy. But, it is also no less than an adventure worth riding for a better future.

Are you searching for a genuine buyer to sell your home to but haven’t prepared for it yet? Here’s the 2022’s home selling guide you must follow. Read on!

Real Estate

There Won’t Be a Wave of Foreclosures in the Housing Market

When mortgage forbearance plans were first announced and the pandemic surged through the country in early 2020, many homeowners were allowed to pause their mortgage payments. Some analysts were concerned that once the forbearance program ended, the housing market would experience a wave of foreclosures like what happened after the housing bubble 15 years ago.

Read our blog on our official website (KM Realty Group Chicago) for more details.

Real Estate

2022 Housing Market Forecast – Chicago

What does the coming year hold for the housing market? Mortgage rates are projected to rise, and so are home prices. Experts forecast buyer demand will remain strong as people try to capitalize on rates and prices before they climb. Let’s connect with KM Realty Group professionals in Chicago if you’re ready to buy or sell so you can make your best move in the new year.