Tags: Home Buying Tips

Inventory Shortages Continue

Inventory Shortages Continue

TO FIND AN OPEN HOUSE IN GLENVIEW IL   NORTHBROOK IL OR  MORTON GROVE IL Simonforstock / Adobestock For the fourth time, the median existing-home sales price climbed above $400,000, according to the National Association of Realtors (NAR); in July, it reached $406,700, a 1.9% year-over-year increase. Across the country, prices rose in the Northeast, Midwest, and South but… READ MORE

Seller Financing Factors

Seller Financing Factors

TO FIND AN OPEN HOUSE IN GLENVIEW IL   NORTHBROOK IL OR  MORTON GROVE IL InsideCreativeHouse / Adobestock In the last year, interest rates have surged—with the average mortgage rate more than doubling. This rapid rise has left some homebuyers seeking alternative financing to fund their property purchases. As a result, private financing options have gained popularity in the… READ MORE

Maximize Home’s Appraised Value

Maximize Home’s Appraised Value

TO FIND AN OPEN HOUSE IN GLENVIEW IL   NORTHBROOK IL OR  MORTON GROVE IL Image: Kannapat / Adobestock Technology has transformed the way homes are appraised, and a new set of rules has emerged for sellers looking to maximize their home’s appraisal value. Understanding modern appraisals is essential, as appraisal value is critical in determining a home’s asking… READ MORE

Record High Prices

Record High Prices

TO FIND AN OPEN HOUSE IN GLENVIEW IL   NORTHBROOK IL OR  MORTON GROVE IL Image: Sommart / Adobestock Existing-home sales saw a decline in June, with every sales region across the country reporting drops in year-over-year sales. However, according to the National Association of Realtors (NAR), month-over-month sales were more variable, with increases in the Northeast, decreases in… READ MORE

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