If you need to sell, SELL. Don’t wait for the market to come back. While you wait your home could depreciate more. In addition, you may lose your right to forgiveness of the debt. This special tax relief actually applies to anyone who has forgiven mortgage debt during the tax years 2007 through 2012. But starting in 2013, this tax break goes away. Whatch the Suze Orman video.
http://www.youtube.com/watch?v=oAktf9sAP_0
Shortsales are here to stay. If you must sell consider the shortsale.
How to Assess the Real Cost of a Fixer-Upper House
When you buy a fixer-upper house, you can save a ton of money, or get yourself in a financial fix.
If you can afford $800 a month for rent you could own a 2 bedroom condo or home selling around $49000 for the same amount including your real estate taxes. If this is you, call me. STOP FUNDING your landlord’s dream today and get on the way to home ownership. If you have questions ask them here or contact me personally.
The City of West Chicago is hosting a Buyers Fair this weekend. Stop by with your questions on home buying. http://www.westchicago.org/04.23.08_PR.html
Illinois Suburb of the Week, Glen Ellyn. Where is Glen Ellyn on the map. http://bit.ly/gf5Tc9
Read more: http://members.houselogic.com/articles/#ixzz1Dy2zY8Fu
Hot Topic! Is your home clean or messy? Tell the truth. Why is it clean or messy?
Get an “A” on your Schedule A Form: Dodge these tax deduction pitfalls to save time, money, and an IRS investigation. Read more
In today’s real estate market many new home buyers are finding it more difficult to purchase a home. Your credit score is what determines whether or not you are qualified to purchase. If you are quailifed you then need a downpayment. But what if you are credit challenged and lack a downpayment? Well you have options. Consider renting to own. There are many homes on the market that are just sitting waiting for buyers just like you. Sellers are willing to finance the home for you. Didn’t think it was possible, well it is! Never give up on the dream to own a home. With the proper planning you to can own a home. So now that you know that this option is available, what do you do next? Ask me and I’ll help you get on your way to home ownership.
Parking can be a challenge in the city of Chicago 365 days a year. But what do you do for parking when you’ve been hit by a Blizzard? Do you have the right to save your parking spot after sholving out the spot for hours? Have you ever used a chair to save that spot? Tell me your thoughts!