You could take advantage of buying a fixer-upper home and make repairs with an FHA 203(k) rehabilitation mortgage.
Here are some highlights of the program:
1) Qualify with as little as 3.5% down
2) Cash needed for repairs is built into the loan amount
3) Loan amount is based on the as-improved value
Lately, buyers are finding the current homes inventory in need of deferred maintenance, or significant projects requiring large sums. Most buyers today are not in the position to pay for a new home with cash left over to fix up. This is a way to find a "not so pretty" house in a nice location and make it what you want.
Ask me how I can help you qualify for this loan and find you a great fixer-upper that will give you plenty of opportunities for your family.
Sincerely,
Tuesday, June 14, 2011
Friday, June 10, 2011
Wednesday, June 1, 2011
News
I am an optimistic person. When someone asks me "how is the market?" I say "The sales cycle is longer with each client but I still have deals". It's true, I have very good transactions in the pipeline and have sold a respectable number of homes already this year. But I feel beat up when I constantly get bombarded with the Tribune (and other news sites I follow) reporting today "Prices are now at 2001 levels. Market still declining."
I am trying to stay positive and just focus on my business. I feel fortunate that I have transactions and am doing ok. My clients are getting good deals and locking in low interest rates for their long term house. How do I filter out the news and keep marching?
I am trying to stay positive and just focus on my business. I feel fortunate that I have transactions and am doing ok. My clients are getting good deals and locking in low interest rates for their long term house. How do I filter out the news and keep marching?
Thursday, May 19, 2011
Sold! 7743 Kedvale in Skokie $133,000
Congratulations to the Abbasi family! The new owners of 7743 Skokie. I can't wait to see it all fixed up. Best of luck to you Faisal and family.
Monday, May 9, 2011
Thursday, May 5, 2011
Northbrook-On -Ice
Sophisticated skating and spectacular costumes will dazzle audiences at Northbrook-On-Ice, the annual show from the Northbrook Park District, on May 6-8 at the Northbrook Sports Center. The ice show features the National Champion synchronized skating teams and upper-level skaters with thrilling routines. All ages are welcome. Performances are: Friday, May 6 at 7pm, Saturday, May 7 at 1 and 6pm and Sunday, May 8 at 1pm. Reserved seats are $8 and $10. For ticket information, call 847•291•2993.