I usually write about Chicago real estate & mortgages, after all, that is what I do. Sometimes, however, I come upon a subject that is worth moving outside of the normal bounds of expertise. In light of the wet summer that we have had, I’ve come across more and more loans where homeowners are dealing with the unfortunate aftermath of flooding in the basement. For some homes it is a chronic issue, but for many it is only a problem when we deal with a Biblical rainfall that saturates the ground beyond the point that any drainage system can counteract. Either way the end result can range from nuisance clean up with a shop vac to massive damage requiring complete removal of carpet, dry wall and possibly even mold remediation. Most of the time, the floor bears the brunt of the onslaught.
Showing posts with label real estate. Show all posts
Showing posts with label real estate. Show all posts
Thursday, August 19, 2010
Flood-proofing Your Chicago Basement Floor
I usually write about Chicago real estate & mortgages, after all, that is what I do. Sometimes, however, I come upon a subject that is worth moving outside of the normal bounds of expertise. In light of the wet summer that we have had, I’ve come across more and more loans where homeowners are dealing with the unfortunate aftermath of flooding in the basement. For some homes it is a chronic issue, but for many it is only a problem when we deal with a Biblical rainfall that saturates the ground beyond the point that any drainage system can counteract. Either way the end result can range from nuisance clean up with a shop vac to massive damage requiring complete removal of carpet, dry wall and possibly even mold remediation. Most of the time, the floor bears the brunt of the onslaught.
Tuesday, August 10, 2010
Major FHA Changes Coming on September 7th
FHA (Federal Housing Administration) insured loans are headed for a big change. For those unfamiliar with FHA mortgages, these loans are insured by the government, which allows for flexible approval guidelines. This insurance is paid for by the borrower as an upfront premium collected at close and as a smaller premium collected on a monthly basis. These premiums are then pooled with those from other FHA borrowers to form an insurance fund.
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Thursday, July 29, 2010
Effectively searching for your new Lincoln Park home, Part 1…the Funnel
Great article from a colleague of mine
According to the National Association of Realtors®, approximately 90% of all home buyers* begin their search on the internet. With all those companies and individual agents vying for such limited shelf space, how do you make sure you’re selecting the best agent to help you find your new home? As an internet savvy Realtor®, I’ve likened the internet home search to a funnel, National aggregators like Realtor®.com are at the widest part, then corporate sites and finally, individual agent sites being at the smallest end of the funnel. This means buyers start with generic searches and work their way to an individual.
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According to the National Association of Realtors®, approximately 90% of all home buyers* begin their search on the internet. With all those companies and individual agents vying for such limited shelf space, how do you make sure you’re selecting the best agent to help you find your new home? As an internet savvy Realtor®, I’ve likened the internet home search to a funnel, National aggregators like Realtor®.com are at the widest part, then corporate sites and finally, individual agent sites being at the smallest end of the funnel. This means buyers start with generic searches and work their way to an individual.
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