Chicagoland Realtor Predicts Market Upswing

Welcome to the blog of Realtor in Itasca, Bob Rizza

Home price expectations have moved in to the positive for the first time in six months, and though there is concern for the current direction of the economy, 0.2% increase in property value is certainly a step in the right direction. With interest rates at a historical low it is not uncommon for homeowners to refinance and save thousands a year.

Existing home sales haven't budged much on a national level, but there are individual markets where homes are starting to sell. Bob Rizza (addison real estate agent) offers a wealth of knowledge and insight to both buyers and sellers looking for success in a volatile and sometimes confusing residential real estate market.

Everyone needs a place they call home, and if the monthly expense to own isn't much more than renting, the desire to own naturally gets higher. And with the appeal of low interest rates and tax write-offs, anyone who can come up with the down payment and be approved for a mortgage now has motivation to buy. With this new motivation, it is essential to have a chicagoland realtor who will take the time to find what is right for you.

Many people are interested in owning a home for the first time. Tommy and Kelly of Bensenville said,  "We were fortunate and very grateful to work with Bob Rizza for over 10 months. He was a great inspiration in helping my son find a home. Being a first time buyer he was very unaware of everything involved in today's real estate transactions. Bob did a great job in helping us fully understand all of our options and make the best decisions."

                                                                         Realtor in Carolstream 

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Realtor Addison IL

Real estate consumers tell it like it is

Panel of buyers, sellers, renters share 'war stories'

BY GLENN ROBERTS JR., FRIDAY, JANUARY 20, 2012.

Inman News®

House-hunting couple via Shutterstock.com.

NEW YORK -- While there are plenty of real estate industry discussions and reports focused on consumer trends, demographics and behavior, a roomful of real estate agents, brokers, executives and technologists got to hear firsthand about consumers' hopes, dreams and fears during a session at the Real Estate Connect conference last week.

Dora M. Abreau, a software engineer, had tried to buy a property via auction, but that didn't work out. "I don't have the time to do all the research to know what the market is doing," she said, although "it's pretty obvious now is the time to buy -- the market is low."

Economic uncertainty is a very tangible factor in their real estate decisions, said Abreau and other panelists. "People are losing their jobs, and that can happen to anybody. It's very real. You want to get into a situation where you know you can handle -- sustain -- a mortgage if you get downsized or not. That's something factored into where I would live, where I would move and where I would buy."

Abreau said she started her home-search process several times, and the circumstances haven't been right. Moves from Chicago to New Jersey, and later from New Jersey to New York, had interrupted previous home searches, and during a search in New York her agent ended up moving to Florida, she said.

While she has met some real estate agents who are a good fit, others have not, she said. Her advice to real estate professionals: "Be upfront and honest."

And instead of telling consumers, "Oh, you didn't know about that?" when something unexpected comes up during the homebuying process, she advised that agents should be the ones holding the hands of their clients.

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