Real Estate

Want Top Dollar for Your Home in Chicago?

When you’re selling any item, you usually want to sell it for the greatest profit possible. That happens when there’s a strong demand and a limited supply for that item. In the real estate market in Chicago, IL, that time is right now. If you’re thinking of selling your home this year, here are two reasons why now’s the time to list.

1. Demand Is Very Strong This Winter
2. Housing Supply Is Extremely Low

Even Though Supply Is at a Historic Low, Home Sales Are at a 15-Year High

Click here to read the KM Realty Group Chicago blog to educate yourself in real estate markets.

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

An Ultimate Guide For Young And Ambitious Homebuyers

When you are in your 20s, buying a dream home seems like an accomplishment you want to achieve in the next fifteen years. You are struggling to settle your career and create an independent life. Thus, investing in real estate is impossible. What if, we tell you, you can buy a house in your youth? Yes, it is possible with some wise strategies and planning. 

Start Saving Money

The moment you decide to purchase construction homes for salestart saving. The more fund you have saved in your bank, the better. This amount you can use for the down payment of the property. Decide on a fixed amount you will take out every month from your salary and save in a bank. Stick to this plan and minimize your expense. 

To purchase new homesyou need to pay a down payment of 3%. If you have some extra funds left, you can use them to close the house, do home repairs or buy new furniture. 

We will recommend you improve your credit score by starting to pay your student loan. 

Get Bank Pre-Approval

Experts recommend that before you start to add your listingsget pre-approved. When you get pre-approved, you get a clear idea about the amount of loan, loan programs, and the interest rate you are eligible for. As soon as you receive your pre-approval letter you can start with house-hunting.

Decide On The Ideal Housing Situations For You

The real estate world offers you numerous housing situations, including condos, multi-family homes for sale, single-family homes, or townhomesYou must choose one that is ideal for you. Create a list of must-have amenities you want in your new house. Things that you should consider are:

  • Distance from work
  • Is the neighborhood pet friendly (if you own one)
  • Distance from restaurants and entertainment zones

Hire A Real Estate Agent

If you want to buy the best place to live at an affordable price, hire a real estate agent. They will help you find a home that fits your budget and requirements. They will schedule house showing, draw contracts, get a home inspection and negotiate the price. 

A real estate agent will assist you in finding your dream home and staying away from the duds. You can ask your family, friends, or colleagues for recommendations and referrals. Remember, a real estate agent will highly influence your house buying experience. Thus, choose wisely.

Bottom Line

Buying a house in your youth is one of the best decisions you will make in your life. It will help you save money in the long run, as you don’t need to pay rent anymore. If you want to find a perfect house for you and are under budget, you must search for a reliable real estate advertising tool

Puerto Rico And The World is one of the leading platforms that offer you a wide range of housing options. It only shows you the authentic and genuine real estate classified ads.  You can also advertise your business and promote your products on it.

Real Estate

Guide To Sell Your Home At A Profitable Price

Selling your house will be one of the biggest transactions you make in your life. The price you and the buyer agree to and the commission of your real estate consultants decide the profit you earn. It is rare for home sellers to sell their property at the listed price. Buyers usually make counter-offers to lower the cost of the properties for sale. In such situations, the negotiation skills of the seller play a crucial role.

Contact A Real Estate Agent

Collaborating with top real estate brokers is highly recommended when you put your homes for sale. You have an emotional attachment with the house, which limits you in negotiating the deal, or you may end up making an impulsive decision. Involving real estate agents in the negotiation process ensures that you walk away with the best deal. They will help you emotionally detach yourself from the property and make a decision in your favor. 

Go For Home Inspection

It is highly recommended negotiation strategies by the best realtors in the real estate world. To strike a profitable deal, you must have a good understanding of your house. When you conduct a home inspection, you discover any existing issues with your house. You can fix these problems to grab a better deal. Sometimes, home buyers conduct a home inspection, and when they find a defect, they use it to lower the home price. Home inspection saves you from this surprise. To get one step ahead of your buyer, get the home inspection done. 

Set A Realistic Price

When you add your listings of property, set a realistic price. It will help to accelerate the sale of the property. Conduct a neighborhood survey to set a competitive price. You can rely on your real estate agent to conduct a comparative market analysis. 

The potential buyer may try to lower the home’s price. However, stick to your listed price. If a buyer is interested in your property and after conducting market research, they will return to you. 

Try The Bidding War

Make open house an integral part of the selling process. After you have listed your home and put them in classified ads for real estateschedule an open house. Don’t entrain any offer until the day of the open house. 

Potential buyers may expect themselves to be in competition and thus bid higher. Contact the top bidders and ask for their highest offer if you receive multiple offers. Even if you receive only one offer in the open house, the potential buyers may not know the same. Thus, giving you a psychological edge with the counter offer. 

Bottom Line

To grab a profitable deal on your home, you must meet genuine and interested buyers. Connect with the authentic buyers at the best and leading real estate advertising tool. Puerto Rico And The World is one of the most reliable platforms where you can advertise your business and promote your products. It allows you to connect with the best homebuyers across the globe.

Real Estate

Don’t Believe Everything You Read, Chicago’s Real Estate Market

There are a lot of questions right now regarding the real estate market as we head into 2022. The forbearance program is coming to an end and mortgage rates are beginning to rise.

ready to find your dream home - KM Realty Group Chicago, IL

With all of this uncertainty, anyone with a megaphone – from the mainstream media to a lone blogger – has realized that bad news sells. Unfortunately, we’ll continue to see a rash of troublesome headlines over the next few months. To make sure you aren’t paralyzed by a headline, turn to reliable resources for a look at what to expect from the housing market next year.

There are already alarmist headlines starting to appear. Here are two recent topics you may have seen in the news.

✔️ Foreclosures Are Spiking Today

✔️ 2. Rising Mortgage Rates Will Slow the Housing Market

There’s a lot of misinformation out there. If you want the best advice on what’s happening in the current housing market, read KM Realty Group Chicago’s complete blog.

Real Estate

Here are 4 Ways Homeowners Can Use Their Equity

Your equity is a powerful tool that can help you achieve your goals as a homeowner. And chances are, your equity grew substantially over the past year. According to the latest Equity Insights Report from CoreLogic, homeowners gained an average of $51,500 in equity over the past year.

ready to find your dream home - KM Realty Group Chicago, IL
Ready to Find the Right Home in Chicago

If you’re looking for the best ways to use your growing equity, here are four options:

✔️ Use Your Equity To Buy a Home That Fits Your Needs

✔️ Move to the Location of Your Dreams

✔️ Start a New Business

✔️ Fund an Education

Your equity can help you achieve your goals. If you’re unsure how much equity you have in your home, click here to read KM Realty LLC Chicago blog to learn more.

Real Estate

How Can Neighborhood Influence Your Property’s Value?

A neighborhood is a community where your kids grow, and you spend the rest of your life. The safety and harmony of you and your family depend to an extent on the neighborhood. It can highly influence the value of homes for sale.  Let’s look at the factors that can affect the value of your property. 

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Bad Neighbors

As per some of the best realtors, affiliations and hobbies of your neighbor can have a negative influence on your house’s price value. A threatening and aggressive next-door neighbor can flip the deal. There has been an instance of potential buyers backing off from the contract after they met the neighbors. 

The Condition of Your Neighbor’s House

Not only an aggressive neighbor can lower down the value of your new homes for sale, but a neighbor who doesn’t properly maintain their house also does. Neighbors with a controversial political sign, with an abandoned house, who don’t mow their lawn or have a junkyard on their property can cast a negative impression on the potential buyers. 

The Reputation of the School District

Often, people who buy new construction homes focus on the reputation of the school district. For some people moving homes also means changing the school of their kids. Having a school or university in the neighborhood is not only crucial but they should also be reputed. A community with a good school will help you to promote your listings for free to families with kids easily.  

High Traffic Area

As per the top real estate agentsif your house is located on a busy street, it can highly affect the price of your home. While searching for their dream home, a buyer is looking for a quiet and peaceful neighborhood. 

Gentrification and Grocery store

As per the Home Builders for Sale, a grocery store in a neighborhood can influence the price of your home. Everyone wants to live in a community that is closer to most of the amenities. Moreover, as your neighborhood gentrifies with the addition of Starbucks or other cafes, it attracts more buyers. 

The Age of the Population

The age of your neighborhood population gives a lot of insight into the employment opportunity. As per studies, the young population tends to move towards the metropolitan areas, and their home value tends to be higher. 

Cemeteries and Ghost Stories

Funeral homes and cemeteries have a negative connotation. They often scare potential buyers away, especially the religious ones. People also don’t want to live in a hunted house. If the property you are planning to sell has a rumor of being hunted, it can have a very negative impact on the price and the sale of your home. 

Your classified ads for real estate also influence the period your house stays in the market. It is the best way to advertise your business, as your advertisement is the first point of contact for the potential buyers. Puerto Rico and The World is the best real estate advertising tool. Add your listings here and connect with genuine and potential buyers from any part of the world.

This is a sponsored post by Puerto Rico and the World.