I recently saw an ad of a house for sale. I am interested in calling the REALTOR® to see if the seller would be interested in a rent-to-own agreement, but I am hesitant to contact the Realtor because I fear that they would just tell me that the seller will not agree to it. My question is: what is in it [...]
Is the future of real estate about small or large brokerages?
Well, I think there is definitely room for both, and I’ve been a broker of a small firm and large firm. Really, I think the size of the brokerage is not a relevant question because it’s really about the individual REALTOR®, and an individual [...]
Why isn’t the public being informed about banks holding back their foreclosures and not putting them on the market for sale?
-Nancy
Foreclosure laws and rules vary by state, and banks/lenders are obligated to follow those. They are put in place normally to protect the rights of the homeowner/mortgagee. In Illinois, we have a redemption period [...]
How do I find an area to buy a rental property?
My first piece of advice would be to contact a professional REALTOR® – somebody who you trust to have knowledge of the different neighborhoods in your community. There may be different characteristics like a local school, or other surrounding rental properties in the [...]
I was wondering, with the $8,000 tax credit they are offering for first-time buyers currently, does it have to be a house that you live in, or could it be a house I would buy, and then rent out?
-Sam
Yes, the $8,000 home buyer tax credit is only available for the purchase of a home [...]