Absorption rate is one key data piece that gives you leverage in a real estate negotiation. The trick is to track the ‘absorption rate’ on a monthly basis, each and every month. So that you have a complete story… a trend. And not just a snapshot. If you were to do this, then you’d have a feel on if it’s a ‘buyers market’ or ‘sellers market.’ In a nutshell, this information can be crucial in justifying your position in a negotiation.
It officially went into effect October 3, 2015. The Dodd-Frank mandated (CFPB directed) residential real estate closing regulation (known as the “TRID Rule”). If you’re participating in a residential real estate transaction in America, then these closing rules shall apply.
It’s worth repeating. These rules (timelines!) apply to any home purchase:
If you’re buying any property—whether as a personal residence or investment—then you must know how to value real estate investment and property accurately. In a nutshell, there are three ways. And a little-known fourth way that shall help you detect residential real estate market bubbles. This killer infographic summarizes everything you’ll ever need to know on how to value real estate.
If you’re a first-time home buyer, investor, relocating or retiring—and ready to buy a condo in downtown Chicago—then these 7 market insights will help you avoid costly pricing mistakes. Follow this info-graphic along as it lands you safely on your feet among the street-level metrics.
It just started. Despite what numerous pundits previously alleged regarding a Chicago real estate recovery, it has only now started. If you’re interested in buying property—or investment in general—then you don’t want to miss this next wealth phase in Chicago real estate.
This month, our insider technical analysis trigger (shaded green areas) secretly alerted us to the start of the next Chicago real estate wealth cycle. Heeding the guiding principles in this simple chart remains especially important if you’re buying property using debt financing.
Properly buy downtown Chicago real estate like a grandmaster chess champion. If you brace yourself with these moves, then you’ll checkmate your opponent every time.
Move 1: Notice of No Agency
What is it? — When you bump into a real estate broker at a coffee shop and start talking real estate.