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4 WAYS TENANTS LOSE MONEY

Ah, the joys of renting! No property taxes, no maintenance worries, and the freedom to pack up and move when you feel like it. But let’s be real—renting isn’t always a walk in the park. Despite the perks, many tenants find themselves losing money in ways that could be totally avoided. Yep, we’re talking about those “gotcha!” moments that have you screaming, “I wish I knew this sooner!” So, sit back, grab a cup of coffee, and let’s dive into the three main ways tenants lose money. 1. Skipping the Fine Print on the Lease Imagine this—you’ve just found your dream apartment, and you’re so excited that you barely skim through the lease before signing it. Big mistake. Leases are legally binding documents, and they contain clauses that could cost you big time. For instance, your lease might have an “automatic renewal” clause that keeps you locked in for another term unless you give notice within a specific period. Fail to read this, and you might end up paying for months you didn’t intend t
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How Fast are Homes Flying off the Market in 2021? If you’ve looked at homes recently or know someone who has, you’ve likely heard how fast homes are selling. In some areas, it’s not unusual for a home to sell within hours of being listed. But is that the case everywhere and will it continue? Why are Homes Selling so Fast? First, everyone wants to know – why are houses selling so fast, and are we headed for a housing crash again? Experts believe we are NOT headed for a crash. Instead, the main reason houses are selling so fast is there’s a much higher demand than there is inventory. The pandemic changed the way most people think. Previously, people stayed where they were out of obligation to their job or family. The pandemic showed most people that life is too short and most things can be done remotely, which means you could live anywhere you want. Once the official lockdown lifted, it was “game on” with millions of people moving to new areas. With fewer homes for sale than buye

New Listing - 2-Unit in Dekalb

216 Pardridge Place, Dekalb, IL

Fannie Mae brings back REO buyer incentives

Fannie Mae is once again offering closing-cost assistance for buyers who close on a home in the mortgage giant's real-estate owned (REO) inventory. Buyers who put in initial offers on or after April 11, and close on the sale of a Fannie Mae HomePath property by June 30, will be eligible to receive up to 3.5 percent in closing-cost assistance. The offer is only good for buyers who intend to occupy the home they are purchasing as their primary residence -- second homes and investor properties are not eligible. Offers submitted before May 15 have the best chance of qualifying, Fannie Mae said , as offers submitted after that "are particularly questionable for closing" by the June 30 deadline. In its most recent annual report to investors , Fannie Mae said it acquired 262,078 homes in 2010, up 80 percent from 2009. REO sales picked up 51 percent, to 185,744, leaving Fannie Mae with REO inventory of 162,489 homes valued at $14.9 billion at the end of the year. The comp

Sycamore Named A Top in Affordability for Retirement

You may find it hard to believe, but S ycamore, Illinois was named one of the top ten places to retire according to U.S. News & World Report. Anyone who lives here or just passes through can appreciate the charm and personality of this small town complete with a historic and thriving downtown district. And now they have been recognized nationwide. Mayor Ken Mundy doesn’t seem to be one bit surprised. “We’ve got a growing number of retirees here”, Mundy said. “I know people who have left and come back”. Sycamore, Illinois  was the only city from the Midwest to be represented on the list. Sycamore is in the company of many cities that are in warmer climates such as Arizona, California, Hawaii and Florida just to name a few. Sycamore, Illinois is a desirable location due to its free busing transportation for senior citizens and close proximity to major retail shopping, an 18 – hole golf course , a public library , bicycle friendly nature trail , recreation  and the I-88 corrido

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