Archive for the ‘Real Estate Information’ Category

In a Bidding War, How Do You Choose the Best Offer?

Monday, July 27th, 2015

So, You Started a Bidding War. How Do You Pick the Best Offer? By: Ed Finkel The housing market is on the rebound, home prices are rising, and, for the first time in nearly a decade, two or more offers at the same time is a common occurrence. It’s a good problem to have if you’re a seller….Read More

Are Short Sales Coming to An End?

Friday, November 2nd, 2012

H.R. 3648 the Mortgage Forgiveness Debt Relief Act was signed into law back on December 20, 2007.  This bill  was signed to relieve distressed homeowners from having to pay taxes on the amount of debt that was forgiven in a refinance or loan modification, or short sale. So why is this bill so important? Previously…Read More

1031 Tax Exchange

Saturday, June 25th, 2011

Taxpayers planning to sell, purchase, or construct real property should review the possibility of conducting an Internal Revenue Code Section 1031 like-kind exchange to defer federal and general state income taxes on the capital gain. To qualify, property owners must exchange real or personal property (relinquished property) for other property of a like-kind (replacement property)….Read More

Chicago Apartments

Sunday, June 19th, 2011

Did you know there are apartments on the MLS? Well there are and we’re happy to check the MLS to see what rentals are available. Simply send us an email with any criteria (minimum beds/baths, areas, price range, pets, etc) and we’ll send you the matches. Then we can go see the ones you like,…Read More

Chicago Communities

Sunday, June 19th, 2011

The City of Chicago Illinois has 77 officially defined community areas. Many of their names will be instantly recognizable. Others aren’t much used outside of official pronouncements. Instead, people use a traditional or informal neighborhood name, whether Streeterville, Wicker Park or Back of the Yards. Because of census and other real estate data used to…Read More