How to: Get Your Home Ready For Today's Chicago Buyer

Are you selling your home?? there are a bunch of things that you can do to make your property stand out in today's market.

1) Pictures Pictures Pictures

Your property will most likely be listed on multiple sites and good pictures are a way to catch the eye of the potential Buyer.  If you can, have your realtor take professional pictures that will make your home look its best.  If that isn't possible, make sure to have each room be as uncluttered as possible.  Remove kid's toys and all unnecessary furniture to make the space look as big as possible.  Remember that these are not ordinary photos of your home, they should be viewed as advertising material, so go over every room with a critical eye.

2) Clean... Like really clean:

If you are still living in the property while you are selling it, it is important to keep everything spotless and tidy. Especially before the open house.  Put as much bulky furniture in storage as you can, you want the Buyers to see how big your space is.

3) Make small repairs:

Now is the time to fix small things that are broken around your home.  Give your walls and ceiling a fresh coat of paint.  Stay away from bold colors and focus on light neutral colors that everyone can get on board with.

4) Talk to your realtor:

You may have an idea of what you want to list your home for, but a good realtor will know the price your property will move at.  Nothing's worst than a property that sits on the market and gets stale.

Good Luck!!

Posted by Bradford Miller Law, P.C.
Practicing in Real Estate Law, Landlord Tenant Law, and Estate Planning
10 S. LaSalle, Suite 2920
Chicago, IL 60603

Key words: Chicago short sale attorney, Chicago landlord tenant law attorney, Chicago estate planning attorney, Estate Planning Lawyer, Chicago Leases, Chicago real estate attorney, Chicago real estate lawyer, Chicago real estate closings, Chicago building code violations, Short sale attorney Chicago. This is intended to be advertising.  Please consult with an attorney before acting on any information given here.

Higher FHA fees for buyers

From REALTOR® Magazine:
Starting April 1, FHA will increase its annual mortgage insurance premium for loans under $625,500, from 1.15 percent of the loan amount to 1.25 percent. Starting June 1, larger loan premiums will increase 0.35 percent of a percentage point, bringing the total premium costs up to 1.5 percent of the loan amount, The New York Times reports. FHA also will raise a fee for the upfront mortgage premium by 0.75 of a percentage point, which will now total 1.75 percent of the loan amount.

Posted by Bradford Miller Law, P.C.

Real Estate Law, Landlord Tenant Law, Estate Planning

134 N. LaSalle, Suite 2250
Chicago, IL 60602
312-238-9298
http://www.bradfordmillerlaw.com

Offering free legal representation to homeowners seeking a short sale

Key words: Chicago short sale attorney, Chicago landlord tenant law attorney, Chicago estate planning attorney, Chicago real estate attorney, Chicago real estate lawyer, Chicago building code violations, short sale attorney Chicago. This is intended to be advertising.  Please consult with an attorney before acting on any information given here.

5 Reasons to Buy a Home in 2011

Posted by Bradford Miller Law, P.C.
Real Estate Law | Landlord Tenant Law | Estate Planning
321 N. Clark Street, Suite 500
Chicago, IL 60654
312-238-9298

5 Reasons to Buy a Home in 2011

Michele Lerner, author of Homebuying: Tough Times, First Time, Any Time, offers reasons why real estate is likely to improve in 2011. Here are five reasons she thinks consumers should consider a home purchase next year:

▪ Mortgage rates will stay low. Even with rates climbing — maybe to as high as 6 percent by 2012 — they are still well below where they have been historically.

▪ Tax cuts could help. Extending the tax cuts could encourage a more rapid recovery for the economy.

▪ Americans want to be home owners. A recent Fannie Mae survey showed that Americans still believe a home is a safe and desirable investment.

▪ Builders are about to begin building. Home builders have been sitting on the sidelines. This year, they think pent-up demand will create an appetite for new homes.

▪ Homes are shrinking. Homes are getting smaller, which has made them more affordable.

Source: Investopedia, Michele Lerner (12/24/2010)

Why do I need an Attorney when I am buying a home?

Posted by Bradford Miller Law, P.C. - Experienced in Real Estate and Landlord Tenant Law

For most people, buying a home will probably be the biggest purchase they ever make. In a typical real estate contract, there are many provisions that can greatly impact the Buyers rights and obligations.  There are also many deadlines that are extremely imporant.  For example, if you are not able to secure a mortgage within the time period, you could end up losing your earnest money or even get sued.

Our fee for a Buyer's closing is only $400 and there is no fee unless the transaction closes.
The law firm of Bradford Miller Law, P.C. is experienced in real estate law. If you are buying a home, contact us right away at 312-238-9298.

Please note this is intended to give general information to the public. Although the information is generally accurate, it cannot be guaranteed and this information should not be construed as legal advice upon which a reader can rely. In all cases, please consult a lawyer before acting. This is intended to be advertising, and not solicitation, or legal advice.