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All agents are NOT alike! Find out why we are top Chicagoland Real Estate experts. Call us: 847-657-3790.
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Buyers Want Your Home for as Little as Possible. Are you thinking of selling your home? You should know exactly what it's worth, talk to a glenview real estate expert!!! Find Out More > View All Offers >
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"Successful Sale" "The process was made easy, prompt and effective due to your professionalism and we appreciate the extra effort . . ." "Win and Jane Hamilton" Read Quote > View All Quotes >
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The Marla Schneider Team

Investment Real Estate >Renting Your Home
Homeowners who don't need the equity from their home to purchase a new home may consider renting it instead of selling. Rental property is almost always a good investment, but you should understand the consequences of becoming a landlord.
Tenants may not share your pride of ownership and, therefore, may not maintain the property like you would. If you plan to rent your property, acquaint yourself with state or local landlord/tenant laws, including those dealing with rent control and eviction procedures. If the home you rent has been your primary residence, you could lose the benefits of a capital gains deferral when you sell it later. Get professional advice from a tax expert and a professional real estate agent before you decide to turn your home into rental property.
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| Q |
What three things are necessary in order to purchase a home?
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| A |
Some cash, a dependable income and good credit. If you fall short, don't despair--homeownership may still be possible. |
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