Home Buying

Found 55 blog entries about Home Buying.

female orland park home buyerAs I was reading through my Illinois Association of REALTORS e-mail magazine I was interested in their latest statistics on home buyers in Illinois.  The statistics are as follows:

8% = single males

26% = single females

44% = first time home buyers

57% = married couples

I sell a lot of homes to unmarried couples so I'm not sure how that is factored into the above figures.  I was also surprised at the low figure for single men.  I wouldn't have thought it was so low based on my own experience.  Of course, this is taken for the entire state of Illinois and not just the Chicago and southwest suburban area so I'm sure those figures would be somewhat different.  UPDATE:  the survey link is no longer active and please refer to the original date

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2-story style orland park home for saleWhenever I'm getting information over the telephone regarding a home I'm going to be preparing a Comparative Market Analysis on (CMA), I will ask what style is the home?  Many times I'll get a long pause where I will step in and start naming and describing different styles.

Most people know that a ranch style home is a one-level home.  That's the easy one.  Some people will tell me they have a two-story when they really have a cape cod (or 1 1/2 story).  A cape cod is easy to describe over the phone as it's typically the kind of house children draw in pictures with a square body and a triangle on top with a peaked roof coming down the sides.  A true two-story has the same square footage on the upper level as it does on the main level and the upper

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carbon monoxide detectorNew year, new Illinois real estate laws.  The one that affects the general public the most is the new carbon monoxide detector law.   The new act, Public Act 94-741 (HB 5284) requires that every Illinois residence must have a carbon monoxide detector installed within 15 feet of any sleeping area.  The act states it must be an approved alarm.

There are three different types of alarms that are deemed acceptable.  Your alarm can be battery operated, plug-in with a battery back-up or can be wired into the AC power line with a second battery back-up.   You can use a combination smoke detector/carbon monoxide unit but it must follow State Fire Marshall's requirements, has to be labeled by a nationally recognized testing lab and needs to comply with the most

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UPDATE:  This post was written in 2006 and since then (in 2013) I have changed my website template.  Featured listings are very visible on the home page.

Featured Chicago suburbs real estate for sale

I have a new feature on my Chicago Suburbs Real Estate website. It is the Featured Homes listing section towards the top of the home page.  There are three shown at a time but they will change with a browser refresh.

If you'd like to search the entire active inventory of the Multiple Listing Service of Northern Illinois, click the link.  Our MLS requires registration but I do not sell this information to anyone else.  A default search is already set up for Orland Park homes but you can change it to whatever you'd like.

If you'd like to make things very simple, just fill out my Chicago Suburb

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Today's implementation of the Cook County Predatory Lending Database Pilot Program will cause an interesting real estate climate in the areas affected.  It is also known as House Bill 4050 and was passed by Illinois General Assembly and signed into law by the Governor in 2005.  The zip codes affected are 60620, 60621, 60623, 60628, 60629, 60632, 60636, 60638, 60643 and 60652.

The basis for this program is to ensure that predatory lending no longer exists by forcing extra steps in the mortgage process.  Basically, information about mortgage borrowers purchasing in the above zip codes has to now go through the Illinois Department of Financial and Professional Regulation (“DFPR” or “Department”).  Based on certain established criteria, the Department will

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