Tag: realtor

Yes, Interest on Home Equity Loans is Still Deductible

Original post on the National Association of REALTORS® blog. 

There’s been confusion since the big tax law was enacted over the deductibility of interest on home equity loans. NAR has been saying that the interest is still deductible for the part of the loan that’s used for home repairs, renovations, and additions. And that’s the correct interpretation, according to the IRS. The agency confirmed that in a memo about a week and a half ago.

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The part of the loan that’s used on the house to fix something or improve it remains deductible under the new tax law. Loan proceeds that are used for personal living expenses or anything not related to improving the home are not deductible.

The clarification is looked at in the latest Voice for Real Estate news video from NAR.

 

Robert Freedman

Robert Freedman is director of multimedia communications for the NATIONAL ASSOCIATION OF REALTORS®. He can be reached at rfreedman@realtors.org.

Naperville Real Estate Market Update – March 2018

How is the Naperville, Illinois real estate market? Click play on the video below to learn more about the Naperville real estate market activity for March 2018.

Overall, the number of active listings is down 22% from last year and up 8% from last month. The days on market is down from last year, a positive trend. With fewer homes for sale than this time last year, it might be a great time to sell. If you are on fence, or would like to know what your home is currently worth, go ahead and give us a call. Mortgage rates are also expected to increase, so consider that as well.

Thinking of buying or selling We are local – and based in two Coldwell Banker offices including one in Naperville. Contact The Glockler Group – award-winning client service & expertise for over four decades.

 

20 Tips for Preparing Your House for Sale This Spring

Tips for Preparing Your House for Sale This Spring [INFOGRAPHIC] | Keeping Current Matters

Highlights:

  • When listing your house for sale your top goal will be to get the home sold for the best price possible!
  • There are many small projects that you can do to ensure this happens!
  • Your real estate agent will have a list of specific suggestions for getting your house ready for market and is a great resource for finding local contractors who can help!

Homer Glen, IL Real Estate Market Update – January 2018

How is the Homer Glen, Illinois real estate market? Click play on the video below to learn more about the market activity for January 2018.

Thinking of buying or selling? Contact the #1 Real Estate Saleswoman in Homer Glen, Judy Glockler. (708) 529-5839 call or text.

No one knows the local market better than Judy, no one sells more in Chicagoland than Coldwell Banker.

Naperville Real Estate Market Update for December 2017

How is the Naperville, IL Real Estate Market? Click play on the video below to see the market activity for December 2017.

Looking for homes in Naperville? Let us help. Here is a current list of properties for sale.

Thinking of buying or selling? We have been helping local buyers, sellers, investors and builders since 1978. Let us put our award-winning service and expertise to work for you. Sellers, receive 2X the property and buyer exposure as we are based in to regions/offices to help you. Clients receive a free home warranty at closing! Contact us today for details. (708) 529-5839.

 

Thinking of Selling Your Home? Why Now is the Time

Thinking of Selling? Why Now is the Time | Keeping Current Matters

It is common knowledge that a large number of homes sell during the spring-buying season. For that reason, many homeowners hold off on putting their homes on the market until then. The question is whether or not that will be a good strategy this year. The other listings that do come out in the spring will represent increased competition to any seller. Do a greater number of homes actually come to the market in the spring, as compared to the rest of the year? The National Association of Realtors (NAR) recently revealed the months in which most people listed their homes for sale in 2016. Here is a graphic showing the results:

Thinking of Selling? Why Now is the Time | Keeping Current Matters

The three months in the second quarter of the year (represented in red) are consistently the most popular months for sellers to list their homes on the market. Last year, the number of homes available for sale in January was 1,820,000.

That number spiked to 2,140,000 by May!

What does this mean to you?

With the national job situation improving, and mortgage interest rates projected to rise later in the year, buyers are not waiting until the spring; they are out looking for a home right now. If you are looking to sell this year, waiting until the spring to list your home means you will have the greatest competition for a buyer.

Bottom Line

It may make sense to beat the rush of housing inventory that will enter the market in the spring and list your home today.

Homer Glen Real Estate: Market Update For May 2016

Click play to view the Homer Glen Real Estate Market Update for May 2016.

Looking to buy or sell real estate in Homer Glen or the Chicago suburbs? Judy Glockler is consistently one of the top producing agents in the Homer area. She and her team may be contacted via the contact form to the right.

Why Working With a Realtor is Better Than Selling For Sale by Owner

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Sellers usually have goals in mind when selling their home, which consist of: selling the property for the highest price/market value, in the shortest amount of time/within a certain time frame and hope that process is as stress free as possible. Statistically speaking, in Listing with a Real Estate Agent, homes sell for more money, are on the market for less time and there is less stress on the seller. Hiring an experienced and professional Agent in your Agent affords you the knowledge, know-how and team needed to help you in your home sale.

Looking to buy or sell a property in the Chicago suburbs, city or anywhere in the United States? Contact us today. We have local market expertise with national real estate connections and we can help you, or help you find a real estate professional throughout the United States.