Posted by Amy Kite on Monday, September 26, 2022 at 11:45 AMBy Amy Kite / September 26, 2022Comment
It’s no secret that we’re seeing changes in the Chicagoland housing market as interest rates climb and buyer demand slows. Fortunately, there are benefits to selling in a slowing seller's market. We’ve put together our top reasons selling your Chicagoland home now may be a better option than waiting to see what happens in the new year.
Benefit: You Have Great Options For Your Move
We’ve all seen the growing housing inventory in Illinois and throughout the country this year, as rising mortgage rates slowed the post-COVID lockdown real estate frenzy. While this seems like a negative for anyone getting ready to sell a home, there are benefits waiting for you when buying after you sell your home.
If you’re selling your home due to an upcoming move, it means you’ll have a broader range of options when shopping for your next property. This offers you a great opportunity to find a home at a competitive price. So, if you have been waiting to move due to housing inventory shortages, it’s good to know that more options are available than last year, and the bidding wars have slowed dramatically. While you may have to wait a little bit longer to sell, you’re not going to be facing repeated disappointment and heavily inflated prices when moving to a new home.
Benefit: Inventory Throughout Illinois is Still Low
While the number of available homes for sale has increased this year, this is still considered a sellers’...
Posted by Amy Kite on Friday, September 9, 2022 at 7:00 AMBy Amy Kite / September 9, 2022Comment
Everyone should invest in real estate if they can and here’s why.
Investing in real estate is one of the best ways to build long-term wealth, so it’s no surprise that I have a passion for it. I invest in real estate in pretty much every way I can, including flipping. However, I prefer to hold onto my properties.
Look at it this way. Housing appreciates by 4% every year on average. That means that if you invest in real estate, your wealth will double every 10 years.
As an example, I recently purchased a property for about $43,000. I put $15,000 into fixing it up and rented it out. However, I discovered I could no longer rent in this neighborhood because zoning laws had changed.
This may seem like a disaster, but real estate always has a plan B built into it. If you ever decide you no longer want a property, you can always sell. In the end, I sold the property for around $90,000 and made a nice profit.
When investing, make sure you always have a plan A and a plan B. If you have questions about today’s topic or anything else, please call or email me. I am always willing to help!
Posted by Amy Kite on Wednesday, September 7, 2022 at 9:05 AMBy Amy Kite / September 7, 2022Comment
Having a family often means that when you look for a place to settle, there are different criteria for the area. It needs to be more family-friendly to ensure your kids get the most out of their childhood. Some of the things considered for this list include great schools, diverse populations, plenty of recreation options, and other factors that make an area great for families of all sizes and ages. Here are some of the best Chicago suburbs to raise a family in no particular order.
Starting off our list of best suburbs of Chicago for families, Elmhurst has an excellent school system. In fact, statistically, they have some of the best testing scores in the area. Elmhurst schools are the tip of the iceberg for those with inquiring minds, making this a great place to raise a family in the Chicago suburbs. Elmhurst offers museums, a symphony, and a library. Plenty of parks, a community center, pools, a golf course, and other outdoor entertainment round out this area’s family-friendly potential.
Cook County is home to several great suburbs, but Hickory Hills is one of the best Chicago suburbs for young families. Hiking, biking, and equestrian trails are perfect for those families that like to...
Posted by Amy Kite on Wednesday, September 7, 2022 at 7:00 AMBy Amy Kite / September 7, 2022Comment
If you haven’t written a will yet, there’s no better time to write one.
I recently had a family member pass, and they didn't have a will or an estate. The kids all have different ideas about what to do with the property, so there's a lot of bickering. None of this had to happen—it all could have been planned for and handled in a will.
Everybody needs a will, and if you own real estate, you also need a trust. You want to stay out of probate because that costs more than creating the will and trust. Having things planned out will also reduce stress during an emotional time. On top of that, establishing a set plan will avoid family members infighting and allow them to grieve together.
Many attorneys will provide a free consultation over the phone to give you some options. If you need one, we're happy to get you in touch with somebody so you can save your loved ones that headache when you pass.
If you have any other questions, don’t hesitate to reach out to me by phone or email. I look forward to hearing from you.