News & Articles

Found 115 blog entries about News & Articles.

building wealth with orland park real estate photo

Wealth is within reach for many people; however, according to a study, 63 percent of Americans said it’s not likely they’ll become rich.1 While younger people are more likely to say they’ll achieve wealth one day, only 34 percent of people aged 30 to 49 and 21 percent of people aged 50 or older say the same. There is no secret to becoming rich: it takes time, sacrifice and good financial sense. Here are a few ways to build your household’s wealth.

Let Compound Interest Work for You Compound interest is your interest earning interest. While the concept may work against you when you take out a loan to buy a car or use your credit card, it works in your favor when you’re saving money. For example, if your savings is growing at a rate of four percent,

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When it comes to cleaning our houses, most of us will concentrate on dusting shelves, vacuuming the carpets and disinfecting the sinks, but we often forget about the appliances we use every day. Making sure appliances such as washing machines, refrigerators and stove tops stay clean does more than keep your home looking its best. Cleaning these appliances regularly can be essential for keeping them in their best condition and ensuring that they run efficiently.

For example, refrigerator condenser coils can become covered with dust and lint. Thus, they have to work harder to keep your refrigerator running and could result in your fridge burning out before its time. In the case of washing machines and dishwashers, many people might believe that they

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orland park real estate 2018

As we head into a new year, the most common question we receive is, “What’s the outlook for real estate in 2018?”

It’s not just potential buyers and sellers who are curious; homeowners also want reassurance their home’s value is going up. The good news is that a strong U.S. economy, coupled with low unemployment rates, is expected to drive continued real estate growth in 2018. However, changes on the horizon could significantly impact you if you plan to buy, sell or refinance this year.

HOME VALUES WILL CONTINUE TO RISE

Get ready for another strong year! U.S. home values and sales volume will continue to rise in 2018.  orland park home prices are going up

Experts agree that home prices will increase in 2018, but predict a slower rate of appreciation than 2017, which clocked

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Following is a guest post written by Lance Mohr, a Tampa, Florida REALTOR

 

Buying a new home is one of the most exciting feelings anyone can dream of. However, it is not as easy as you might think. Having a lot of money is not all that matters. There are other factors to look into when buying a new home. Even the most luxurious property has its own drawbacks because there’s no such thing as a “perfect home”. Nevertheless, through several years of real estate experience, we have come up with various tips to guide you in choosing the home that adequately fits your style, needs and financial resources, may it be brand new or pre-owned.

Come up with a clear description of your ideal home. This way you have a clear understanding before you and your

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I was going to update the original post I made about how I would sell my home back in 2008 (link below in Realated Links).  But I would have had to make so many changes and updates that I figured it would be best just to start a new post.

De-cluttering and Staging

You need to know your competition

Before putting any home on the market sellers need to declutter, de-personalize and "stage" their homes.  This doesn't always cost money.  Today's buyers have a selection of similarly priced flip homes and regular re-sell properties.  Many times, even if the flip home is priced a bit higher, it's worth it as the new owners couldn't update a competitor home for less than the flip.  Some flips are completely redone - almost like new construction.  Other

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The only time I had been to Las Vegas was in August of 2002 when my husband (and Team Member) Jimmy Herter and I got married.  It was a whirlwind trip and we had 41 guests that traveled to Vegas to attend our wedding in the Viva Las Vegas Chapel.  It was fun but a busy time and although we visited a few other hotels/casinos, we were pretty much stuck on the strip.

So when we heard that Realtor.com was having a conference in Las Vegas, we decided to attend, especially since my grade school friend and REALTOR®, Karen Kostoff, lives nearby in Henderson and was also going to attend.  I wasn't expecting to have as much fun as we did.

Our Room at The Cosmopolitan

las vegas cosmopolitan balcony view realtor.com summit
View from the balcony of our room on the 29th floor of The Cosmopolitan Hotel

We got

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This is coming a little late but this is also the first time I've promoted our newsletter on our blog. Our newsletter always has a lot of interesting articles, some of which I'll provide feedback on in my monthly update.

September 2017 real estate newsletter from The Judy Orr Team

As you can see from the snippets above (click here to read the entire newsletter) we always feature a new or updated listing.  We actually featured 2 new listings but the 2nd one (not in the above screenshot) sold in a few days.  The Orland Park condo shown above is still available so contact me if you're interested.

Other Articles

>I had read about the new rules for passwords and have found it very helpful.  I'm starting to create different passwords based on this article.  

>There is also a post link from our blog called

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orland park real estate assessed vs market value

Understanding a home’s true market value is about more than pictures, software assessments and price-per-square-foot. Whether you’re a current homeowner thinking of selling or are house-hunting, it’s crucial you understand what factors affect home valuation. By partnering with a local market expert, sellers will avoid pricing their house out of the market (the kiss of death in real estate) and buyers will ensure they get a good deal on their next home.

So, how do you accurately calculate a home’s value? After all, the value a home that is assessed by its town and county and the one it’s given when it’s listed are often dramatically different from one another. Which one is accurate and what does it all mean? Read on to learn more.  

Assessed Value

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orland park home buying powerIf you’re in the market for a new home or investment property, one of the first questions you’ll probably ask is, “What can we afford?” Many buyers become so caught up in how much they can afford that they don’t realize their total buying power—that is, the total amount of purchasing potential they actually have.

Buying Power Defined

Your buying power is comprised of the total amount of money you have available each month for a mortgage payment. This means the money you have each month after fixed bills and expenses. Any money you’ve saved for a down payment, the proceeds from the sale of your current home, if applicable, and the amount of money you’re qualified to borrow all impact your buying power as well. When you take all of this into account,

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You can usually spot new design trends by looking at new construction, especially new subdivision models.  Most builders keep themselves up-to-date with current decorating styles.  One builder I met said they will build one spec home using a cool tone (grey) and the next one with a warm tone (beige).

The current trends are all about utilizing rich color, maximizing texture and creating comfortable interiors you can’t wait to relax in. Use these trends to get inspired to makeover your home’s interiors and create spaces you love that also appeal to your personal style. Remember, if you plan to sell in the next few years, you may want to avoid doing anything dramatic and instead incorporate small changes that would appeal to buyers.  We plan on moving

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