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[VIDEO 2013] WARREN BUFFETT ANNOUNCES BERKSHIRE HATHAWAY MERGER…KOENIG & STREY – PRUDENTIAL RUBLOFF JOIN FORCES

On Tuesday November 12, 2013, billionaire Warren Buffett made an exciting announcement; about two legendary Chicago real estate firms set to merge this spring.  Luxury home sales powerhouse Koenig & Strey Real Living and Prudential Rubloff will join forces under his Berkshire Hathaway brand.  They are set to become one of the top real estate brokerage firms in the entire Chicagoland area, gaining a huge percentage of market share.

Essentially, Prudential Rubloff sold its ownership interest in their company to Home Services of America; a Berkshire Hathaway affiliate.  Making this the most notable real estate merger in Chicago’s history.  Both firms are leaders in the luxury housing market and their similar styles make this a perfect fit.

Over 400 agents showed up to a last-minute surprise meeting at the Drake Hotel, after receiving an email invitation late in the day on Monday (including me!).  It was a shock to hear about the merger, not because it was unexpected, but due to the complete secrecy of this news.  There were no rumors nor talks in advance throughout the company, at least not at an agents level.

The exciting part about this merger, is that they will now both fall under the prestigious Berkshire Hathaway brand.  The company was named The World’s Most Admired Companieswhich offers buyers and sellers even more confidence when using its services.  Major backing of these exclusive firms by Buffett was confirmed; since it is the FIRST time he has allowed a real estate affiliate to fall under the prestigious Berkshire Hathaway name.

READ ENTIRE ARTICLE via 2013: WARREN BUFFETT ANNOUNCES BERKSHIRE HATHAWAY MERGER…KOENIG & STREY – PRUDENTIAL RUBLOFF JOIN FORCES.

 
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Posted by on November 20, 2013 in CHICAGO NEWS

 

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BOLINGBROOK RESIDENT REAL ESTATE INCENTIVE; BEST PLACE TO LIVE

DINING ROOMThe Chicago suburb of Bolingbrook, Il has become one of the best communities to live in.  As a resident now for over 13 years, it was exciting to see the growth over the past decade.   An abundance of new retail shopping, movie theaters, and restaurants have moved into the neighborhood, offering convenience and a great selection.  There is also a variety of stunning affordable properties, available in many charming subdivisions throughout the area.

When they opened The Promenade with Macy’s as the anchor and the Ikea & Costco;  the area really flourished.  The upscale IPic movie theater also located in the open mall, is like being in the heart of the city.  It offers an amazing dining area with a great assortment of food and spirits, as well as plush premium stadium seating.  It truly makes going to the movies “an experience“.

As a local real estate agent, dozens have asked when is a good time to list their home.  Well, in today’s market anytime is ideal.  Unlike the past, many buyers are out searching for their dream home throughout the year.  The housing supply is becoming scarce; combine that with low-interest rates and affordable pricing, listing your home now is a win-win for all.

If you are interested in a FREE market analysis for Bolingbrook and surrounding areas, it would be my pleasure to assist.  Specialty services include; Luxury Sales, Traditional Sales, Short Sales, and Foreclosures.  It is easy to arrange a meeting by calling Britta Rivera at  312.475.4548 or emailing britta.rivera@comcast.net.  

Looking for current news in the Bolingbrook area?   The Bolingbrook Patch is a great source of information, so it’s a good idea to sign up for their instant alerts.  The Village of Bolingbrook also has an incredible website with neighborhood details and is highly recommended.

All Bolingbrook residents will receive a SPECIAL INCENTIVE* when listing a home with Britta Rivera Venture Group during 2013, so please ask for details.

via BOLINGBROOK RESIDENT REAL ESTATE INCENTIVE; BEST PLACE TO LIVE.

*Incentive offered for a limited time and subject to change without notice.  Some restrictions may apply. 

Please remember to subscribe to my blog for daily news (look on the right:). 

 
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Posted by on January 19, 2013 in REAL ESTATE

 

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1/3/13: THE MORTGAGE DEBT RELIEF ACT OF 2007 EXTENDED THROUGH 12/31/13; GREAT NEWS FOR STRUGGLING HOMEOWNERS!

OPEN HOUSE 10/27/12 3447 S GILES 312.475.4548

CHICAGO REAL ESTATE

According to multiple news outlets the Mortgage Debt Relief Act of 2007 has been extended through December 2013.  This is great news for struggling homeowners and a major disaster was averted.

This will serve as a lifeline to millions of American’s and could have caused chaos for the real estate market, since it expired on 12/31/12.  The Fiscal Cliff agreement saved the day by approving this extension at the last-minute.

The announcement of an extension is huge, because it means most homeowners considering a short sale or forced into foreclosure, will see another year of tax relief.  It will literally save them thousands of dollars in taxes (if they qualify).

Need assistance with buying or selling a short sale in Chicago?  Contact our experienced team of licensed real estate agents at BRV GROUP.   We service the city and suburbs and work hard to streamline the process.

READ FULL STORY HERE:1/3/13: THE MORTGAGE DEBT RELIEF ACT OF 2007 EXTENDED THROUGH 12/31/13; GREAT NEWS FOR STRUGGLING HOMEOWNERS!.

 
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Posted by on January 3, 2013 in REAL ESTATE

 

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CHICAGO SHORT SALES REACH THE ELITE

Many seller’s are facing challenges about how to market their homes during this tough housing market.  In many cases they may have paid more for their home then it is now worth.  So they ask themselves, “Should I sell it at a loss?”  “Should I let it go into foreclosure?”  “Should I try for a short sale?”  “Should I try for a loan modification?”

Well, this is a tough choice for many seller’s and the answers could be different, depending on who you ask.  But for those who have tried for a loan modification and were rejected by the bank, a short sale may be a good option. In recent months we have even seen an increase in short sales for “higher-end” homes.  It appears no-one was safe during the housing crisis. 

Although it is a decision each individual homeowner needs to make, it is wise to ask yourself basic questions before choosing an option. The list may surprise you and can be found in the article titled Short Sales Increasing Trend In Chicago.

CHICAGO REAL ESTATE: If you or anyone you know would like a free private short sale consultation or market analysis, visit my website to contact me.  It is a good idea to speak with a team of short sale specialist before making a life changing decision.

 
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Posted by on April 25, 2011 in REAL ESTATE

 

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NEW ILLINOIS REAL ESTATE LICENSE LAW BEGINS (via Real Estate Institute’s Blog)

IMPORTANT UPDATE TO ILLINOIS BROKER TESTING!

Starting May 1, 2011, the state of Illinois will issue a “Broker” license for entry-level real estate agents. New Broker licensees are allowed to help others buy, sell, manage and lease all types of real estate.  In order to obtain the “Broker” license, applicants must complete a 15-hour “interactive class.”   Real Estate Institute will begin offering this live class in May! “It’s really exciting to be a pioneer in the creation and development of … Read More

via Real Estate Institute’s Blog

 
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Posted by on April 22, 2011 in REAL ESTATE

 

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SHORT SALES: INCREASING TREND IN CHICAGO

Short sales are rapidly surpassing traditional sales in the Chicagoland area.  Just a few years ago many agents and seller’s were clueless as to what a short sale really was, and how to complete the transaction. But in today’s market real estate agents and the general public is more savvy about how they work.

A short sale is a sale of real estate in which the proceeds fall short of the balance owed on the property’s loan.  In simple terms, your home value is no longer above what you paid for it, so banks may allow you to sell it for the current market value.  Seller’s are first encouraged to try for a loan modification, but if that fails, a short sale is definitely a better option than a foreclosure.

Many have heard that short sales are complicated and take months to close.  Well, in some cases this may be true, but the process can be simplified when using an experienced short sale real estate agent and a short sale negotiator.  Their relationship with the banks allow them to know exactly how to present the offer.  They also have the time required to stay on your file to streamline the process.

Who truly qualifies for a short sale may surprise you.  It is not just the homeowner’s who have fallen behind on their mortgage payments.  In most cases it is anyone showing the financial inability to catch up on their payments or who may fall behind in the near future.  The banks will require a “hardship letter” which explains why a homeowner may qualify.  It could be due to illness, divorce, job loss, relocation, excessive debt or other similar situations.  Bottomline, if you cannot sell your home for what you currently owe on the loan and are suffering from a hardship, it would be wise to seek help.  Chances are, you may qualify for a short sale. It is better to find out now, then to wait for the foreclosure to occur.

Chicago Real Estate: If you are interested in a free private short sale consultation or market analysis, visit my website to contact me.

 
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Posted by on April 20, 2011 in REAL ESTATE

 

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FANNIE MAE BUYER INCENTIVES BACK FOR LIMITED TIME

Fannie Mae has reinstated special closing-cost assistance for buyers who close on a home on a REO property (real-estate owned inventory).  It is limited and has restrictions; buyers must put in an initial offer on or after April 11, and close on the sale of a Fannie Mae HomePath property by June 30th.  Buyers must also occupy the home they are purchasing, and buy it as their primary residence.  If buyers make the deadline and qualify they will be eligible to receive up to 3.5 percent in closing-cost assistance on these homes.

According to Fannie Mae, offers submitted before May 15th, have the best chance of qualifying.  If you are interested in purchasing a home, now is the best time to make a move.  It is important to check the restrictions in your state, as they may vary.

READ DETAILS HERE: http://www.homepath.com/incentive/index.html and http://www.inman.com/news/2011/04/12/fannie-mae-brings-back-reo-buyer-incentives.

 
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Posted by on April 17, 2011 in REAL ESTATE

 

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