Champaign Illinois real estate - Short Sales

Posted on March 23, 2009
Filed Under Investing, Short Sales | Leave a Comment

Maybe short sales should be called long sales because they do not happen quickly.

Champaign Illinois Real Estate buyers need to be aware of that if they are interested in pursuing the purchase of a short sale.

Many times, short sale purchases can take a considerable amount of time to complete. The lender that is holding the mortgage can take as long as weeks or months to respond to an offer, which means that as the Champaign Real Estate buyer you will need to be very patient.

Does this mean that you should shy away from short sales?

Champaign Illinois Real Estate - Condominium Financing Up Against Tougher Hurdles!

Posted on March 20, 2009
Filed Under Condo, Investing | Leave a Comment

Among an ever changing market for housing, the Champaign Illinois condo market may have another hurdle to contend with according to a Wall Street Journal article.

“Just as a flood of new condominiums are scheduled to hit the housing market this year, Fannie Mae has added restrictions making it more difficult for developers to sell their units.

The government-backed mortgage-finance company stopped guaranteeing mortgages in condo buildings where fewer than 70% of the units have been sold, up from 51%.  In addition, the company won’t back loans for sales in buildings where 15% of current owners are delinquent on association fees or where more than 10% of units are owned by a single-entity.

Champaign Illinois Real Estate - Littlefield Homes offers Investor Seminar

Posted on March 5, 2009
Filed Under Investing | Leave a Comment

Illinois Real Estate Investor seminar’s are nothing new to the consumer out there looking for the opportunity to make some money.  What may be new in this economic climate is how to go about doing that.  With every real estate market that has a downturn, there are opportunities for good values.

An investor seminar in this climate will certainly touch on the foreclosure and shortsale senario.

Champaign, IL real estate and the Littlefield  Homes team, has seen an increase in the last year in both of these areas.

Champaign Illinois Real Estate - Spring is almost here!

Posted on February 26, 2009
Filed Under For Buyers | Leave a Comment

Spring weather is just around the corner and what better time to ramp up the Open Houses!  Statistics show that 48% of the people that visit open houses actually end up purchasing a home, so why not be the Realtor that helps them with that purchase?

Attract as many people as you can to your open house. Not only will this give more exposure to the listing that you are selling, but will also get more people into your database for future clients. Put up directional signs on every corner with balloons and at least a couple of signs in the yard with balloons to attract attention to even the drive by buyers.

Champaign real estate - Looking through the Buyers eyes at your home

Posted on February 25, 2009
Filed Under For Sellers | 1 Comment

Buyers are comparison shopping for their homes today so make sure that yours is the one on the top of their list! People always want the best for themselves, and your home should represent the buyer’s answer to this goal. Put your self in the buyer’s shoes!

Remember , your best showings come early in the listing period!

The rule of thumb is, if something needs repair, fix it! There are probably many things in your home that you knew needed repair, but you have become used to it and learned to live with it. Now is the time to fix them. Buyers will tend to mentally add up the cost to repair these minor things and often end up with an amount that is generally much higher than what it would cost you to do the repairs.

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