Auctions reopening schedule: Cook 8/24/20, DuPage 9/1/20, Kane 9/10/20, Will 9/3/20, Kendall 9/14/20.

Read the latest news and statistics on property foreclosures and home buying from ILFLS

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Five Potential Home Inspection Issues

Five Potential Home Inspection Issues

By adminOn 07-31-2020
A bad home inspection that uncovers many issues might be the tipping point that leads to a failed sale. While many inspection issues are often minor and easily fixed, some can lead to a major headache, not to mention a big expense. Here are five issues that might make you want to rethink your purchase.
How to Estimate Property Value without a Realtor

How to Estimate Property Value without a Realtor

By adminOn 07-17-2020
Perhaps you are trying to estimate your current property’s market value or you found a new home you like, but aren’t sure it is priced fairly, here are some hints for determining values yourself.
Chicagoland Real Estate Investment Tips During COVID-19

Chicagoland Real Estate Investment Tips During COVID-19

By adminOn 07-10-2020
In the Chicagoland area, and throughout the state of Illinois, the citizens are slowly getting back into “business as usual” in the midst of COVID-19 precautions. However, as many other states haven’t been as slow to reopen, they are seeing resurgences in the coronavirus and are reinstating some, if not all, of their quarantine rules. So, the question is, how will the economy and housing market be affected in the state of Illinois and the rest of the country? Is now still a good time to invest in real estate?
Five Tips to Investing in Your First Foreclosure

Five Tips to Investing in Your First Foreclosure

By adminOn 07-02-2020
Maybe you’ve been researching foreclosure investment for some time and are ready to make a purchase, or maybe you are just starting to think about it—wherever you are in the process, these five tips can help you along the way.
How the Broker's Price Opinion Drives Foreclosure Sales

How the Broker's Price Opinion Drives Foreclosure Sales

By adminOn 06-23-2020
BPO is a report that a licensed real estate agent performs that helps determine the potential selling price or estimated value of a real estate property. This opinion is different than a comparative market analysis (CMA) that a realtor performs for their clients because the real estate professional performing the BPO gets paid a fee to do this report instead of including it in the services they offer to a client.
9 Tips To Sell Your Property

9 Tips To Sell Your Property

By adminOn 06-16-2020
You have a great property in a great location, but it’s not getting any interest. Or maybe you are getting a lot of interest, but no offers even though your place has been on the market for weeks. Here are nine tips to help drive up interest and get an offer on your home or investment property.
ILFLS Fast Facts & Updates

ILFLS Fast Facts & Updates

By adminOn 06-03-2020
Not only is it a strange time that we live in, it’s also a confusing one. Have no worries, your ILFLS team is here to summarize the most important aspects of the current real estate market.
How To Invest In The Property Market In 2020

How To Invest In The Property Market In 2020

By adminOn 06-01-2020
Currently, there are many deals to be had. For example, if a seller has had a home sitting on the market for awhile due to lack of prospective buyers during the pandemic, they may be willing to bargain now so they can move into a new home. Interest rates on loans are also at an all-time low, so that is another reason to tip the scale in favor of purchasing property.
10 Home Renovations That Increase The Value of Your Investment Property

10 Home Renovations That Increase The Value of Your Investment Property

By adminOn 05-22-2020
What renovations will increase the value of your investment property the most? The answer to that primarily depends on your budget and your timeline for finishing the renovations, but here are 10 ideas to get the ball rolling.
COVID-19: Changing the Chicago Real Estate Market and Beyond

COVID-19: Changing the Chicago Real Estate Market and Beyond

By adminOn 05-18-2020
While the real estate market in the Chicagoland area had been trending upwards for some time, the COVID-19 pandemic has drastically changed the economic landscape throughout the city, country, and even world. This leaves most of us wondering how the real estate market has been impacted and what the future may hold for homebuyers, sellers, and investors.