Inman News recently shared a recap of the top mistakes first-time home buyers make as viewed through the eyes of their Realtors. Many of the mistakes are (unfortunately) pretty common but a few always surprise me because of the ease at which they can be avoided. The most common mistake made by home buyers is... Continue Reading →
5.3 Months of Inventory – Champaign Home Sales Report
Champaign County real estate inventory is averaging 5.3 months of supply. This represents a fairly balanced market between home buyers and sellers. 5 to 6 Months of supply is the standard for balance between a buyer's or seller's market. Five or less and the demand is strong enough to label it a Seller's Market. Six... Continue Reading →
Will This Property Qualify for an FHA Loan?
FHA loans can prompt a lot of questions from both home buyers and sellers in Champaign. Will it jeopardize the sale? How does the interest rate compare? This list highlights the most common issues that arise from a home purchase and FHA appraisal.
Questions to Ask When Looking at Homes
Here are the most common questions we get from home buyers as we look at homes for sale in Champaign. 1. How long have you lived here? 2. Why are you selling? 3. How old is the roof? 4. What is
Do I Need an Attorney for My Home Purchase?
I do recommend home buyers utilize a local real estate attorney for Champaign County real estate transactions. It's an important piece of the puzzle and provides additional protection for the home buyer. Below you'll find a few of these benefits.