Champaign

The National Association of Realtors just hosted their first ever Real Estate Summit in Washington D.C. The list of speakers was impressive as 6,000 real estate professionals from all over the country attended NAR’s Mid Year Meetings. Keynote speakers include Former Representative Harold Ford, Jr. (D-Tenn.); political commentator Patrick Buchanan; Dr. Robert Reich, former U.S. » Read more  

Do I have to pay money to use a Realtor to buy a house in the MLS? No. In the state of Illinois, the home seller pays the commission to both of the Realtors involved in the transaction: 1) the Seller’s agent who listed the property, and 2) the Buyer’s agent who sold it. As » Read more  

Dual agency situations occur when a Realtor is representing both the Champaign buyer and seller in the same transaction. The agent has promised confidentiality, loyalty and full disclosure to each party, and in a dual agency situation, the Realtor simply cannot fully represent each client’s interests. However, if both parties have trust in the Realtor, » Read more  

As part of the loan application process, virtually all lenders will want to see a copy of your credit report. The report will list all your long-term debts (credit cards, mortgage payments, automobile and student loans, etc), as well as your payment history. If you don’t have a copy of your credit report, most lenders » Read more  

In Champaign County in the past two months, there have been 387 three bedroom homes put up for sale, and the average listing price has been $148,481. There have been 130 three bedroom homes that have sold, and the average selling price has been $127,043 (The average original listing price on those homes was $138,378). » Read more