Month: November 2010

Chicago’s Parks and Playground System

In my opinion it will be Mayor Daley’s legacy that we have neighborhood parks in almost every neighborhood. All this green space has provided lower density recreational space for its residents. On the North Side of Chicago there is a Park within walking distance no matter where you live (Find a Park) and Map for

Profile of a First-Time Buyer

About 12 years ago I had the privilege of helping what was for me the oldest first-time buyer of my career. She was 71 years old and had been renting the same apartment for the past 25 years. Her building was being sold and she had to make a decision about what she was going

Looking for Defects

A concern for any buyer is being faced with a serious defect in the property you’re buying which could affect your safety or health, but more importantly, your pocketbook. While some defects may be corrected at a nominal cost, it is important to understand the categories of these defects: building construction, structural systems, mechanical systems, plumbing and electrical

Lakeview Neighborhood LifeStyle Amenities

Video about Chicago’s Lakeview neighborhood lifestyle amenities.

Chicago’s Lakeview Neighborhood Architecture & Style

Video about Chicago’s Lakeview Neighborhood architecture and style.

Record Low Interest Rates + Lower Home Prices = ?

The current mortgage environment is seeing interest rates at the 4.5% for 30-year fixed mortgages. This has been the lowest rate for more than 40 years! Home ownership has never been better since depreciated values and record-low interest rates make the cost of owning a home the same or less than renting. The Chicago rental

Changes in Mortgage Underwriting: More Scrutiny

There are frequent changes being made to the mortgage underwriting process. Lenders are now looking at how recently an owner/seller purchased a property when reviewing a purchaser’s application for a mortgage to buy it. There are “anti-flipping” requirements which mandate that an owner own the property for a minimum of 90-days before a lender will

%d bloggers like this: