Investment Real Estate
While it is impossible to predict what a particular house will be worth at any point in the future, single family homes have a track record of being excellent investments. If you want to take the plunge, what should you look for in an investment property?
Location is the prime factor. A great location will make a property easier to rent or sell later on for top dollar. You should also consider the cash flow situation. It is often difficult to break even or show a profit from your rental income for the first few years of owning a property. Assuming the property will appreciate as you own it, you should consider the potential amount of equity you will build up each year. If you are planning to become a landlord, it is a good idea to consult a real estate agent and an accountant to help make sure that your decision to purchase investment real estate is an informed one.
Do These Real Estate Tips Really Apply to YOU?
We've learned these tips through years of experience as top REALTORS®. But we know that YOUR situation might be different. That's why we're here.
Appraisals have been a difficult topic in a down real estate market. Remember we need to sell your house to 3 people: the buyer, their realtor, and most importantly the appraiser. Recently, after selling a glenview home, I met an appraiser at the property. This gentleman was from Romeoville, IL. He was not from the area, did not know our local market, and in my opinion had no business attempting to appraise this home. The Marla Schneider Team is very experienced in dealing with an issue such as this. Under this circumstance we need to do the appraisers job for him. When we meet him at the property, we provide him with current comparable sales, and actives that will justify the sale price. Many transactions in the Northshore of Chicago have fallen apart due to low appraisals. I can confidently say that we have never had a deal fall through due to an appraisal. Experience and knowledge is why we are the best.
It's our job to personally advise homebuyers and sellers. Ask us if any tip that we've included here really applies to your situation.
We specialize in Glenview homes for sale, Northbrook homes for sale, Wilmette homes for sale, Winnetka homes for sale, Wheeling homes for sale, Skokie homes for sale, Morton Grove homes for sale, Mount Prospect homes for sale, Prospect Heights homes for sale, Highland Park homes for sale, Lake Forest homes for sale, Deerfield homes for sale, and Arlington Heights homes for sale.
Do any of these tips raise questions for you? Didn't find what you're looking for? Let us know! We am happy to answer ANY questions. It's our job! There's no obligation, and we promise to get back to you quickly...
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