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Category Archives: REAL ESTATE

real estate news, real estate deals in chicago

HOW MUCH CAN YOU SAVE WITH HOMEOWNER’S EXEMPTION….VIEW COOK COUNTY TREASURER’S OFFICE WEBSITE FOR ANSWERS

BUYER SEMINIAR 12/11/11Many have asked…How much can I save on a homeowner’s exemption? Well, it’s important to make sure you first apply for one, or you could miss out on thousands in savings.

The website below actually breaks it down for you in simple terms and describes the many exemptions available. This is an important part of the benefits of homeownership, so make sure to go this link and check your status. In most cases, the senior citizen homestead/homeowner exemptions are most often missed.

SUMMARY OF SAVINGS

Exemptions – from the Cook County Treasurer’s Office…..http://www.cookcountytreasurer.com/services.aspx?ntopicid=24

Cook County homeowners may take advantage of several valuable property-tax-saving exemptions. There are currently four exemptions that must be applied for or renewed annually: The Homeowner Exemption, Senior Citizen Homestead Exemption, Senior Citizen Assessment Freeze Exemption, and the Home Improvement Exemption.

Homeowner Exemption

Taxpayers whose single-family home, townhouse, condominium, co-op or apartment building (up to six units) is their primary residence can save $250 to $2,000 per year, depending on local tax rates and assessment increases. First-time applicants must have been the occupant of the property as of January 1 of the tax year in question.

READ FULL LIST OF EXEMPTIONS via HOW MUCH CAN YOU SAVE WITH HOMEOWNER’S EXEMPTION….VIEW COOK COUNTY TREASURER’S OFFICE WEBSITE.

 
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Posted by on February 23, 2013 in REAL ESTATE

 

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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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HOME PRICES UP OVER 6% NATIONWIDE; LARGEST GAIN IN 6 YEARS; LOW INVENTORY IN CHICAGO

OPEN HOUSE 10/27/12 3447 S GILES 312.475.4548

Published 12/4/12

New reports released today, finally relayed good news for the housing market.  Nationwide home prices are up 6.3%; the largest gain in 6 years.  Anyone searching for a home recently knows this news is no surprise.   Multiple offers are up and homes are selling faster than ever.

The increase in average sales price is said to be up due to low inventory and low-interest rates.  Many homeowner’s have also begun putting their homes on the market again and previously nervous buyer’s are back out.  When you combine supply and demand with record-low interest rates, this is an obvious outcome.

READ FULL STORY via HOME PRICES UP OVER 6% NATIONWIDE; LARGEST GAIN IN 6 YEARS; LOW INVENTORY IN CHICAGO.

 
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Posted by on December 4, 2012 in REAL ESTATE

 

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WHAT YOU SHOULD KNOW ABOUT THE MORTGAGE DEBT RELIEF ACT OF 2007; EXPIRES 12/31/12 WITHOUT EXTENSION

Learning more about “The Mortgage Debt Relief Act of 2007″ may save you heartache and a ton of money. The act which protects homeowners from tax consequences from a short sale, foreclosure or loan modification expires 12/31/12.  The IRS website describes the act in detail and should be read to fully understand how it affects anyone selling or losing a distressed property.

If you would like to also inform others, please pass this information along…it just may help someone in need of assistance.  In the event you are able to push your local governmental officials to extend this act, please do so!  This is an important act which could save millions of homeowners suffering from the housing collapse.

READ FULL STORY AND IRS FULL DETAIL VIA; WHAT YOU SHOULD KNOW ABOUT THE MORTGAGE DEBT RELIEF ACT OF 2007; EXPIRES 12/31/12 WITHOUT EXTENSION.

 
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Posted by on November 19, 2012 in REAL ESTATE

 

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WELLS FARGO CITYLIFT OFFERS $15,000 GRANT TO SELECT HOMEBUYERS; CHICAGO EVENT 10/26 & 10/27 AT MCCORMICK PLACE

FOR SALE!  3447 S. GILES CALL 312.475.4548

WELLS FARGO has teamed up with local nonprofit organizations to offer a $15,000 grant to select homebuyers. This incredible program called CityLift (SM) offers down payment assistance to qualified applicants who buy a home in certain cities in the Chicago area.

This is only being offered for a limited time, so attendance to their upcoming event is strongly encouraged.

READ FULL STORY via WELLS FARGO CITYLIFT OFFERS $15,000 GRANT TO SELECT HOMEBUYERS; CHICAGO EVENT 10/26 & 10/27 AT MCCORMICK PLACE.

 
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Posted by on October 20, 2012 in REAL ESTATE

 

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2012 CHICAGO HOUSING SHORTAGE LEAVE BUYERS & INVESTORS HOMELESS

The Chicago Tribune published an article about the housing shortage in California. They are seeing housing inventory shrink faster than the decline in the market back in 2007.

But frankly the property shortage and multiple offer situation is heating up in Chicago as well. In recent month’s many buyers and investors have been stunned to find their dream home or investment opportunity is also three other prospects as well.

READ FULL STORY via 2012 CHICAGO HOUSING SHORTAGE LEAVE BUYERS & INVESTORS HOMELESS.

 
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Posted by on June 12, 2012 in REAL ESTATE

 

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