Lori Blank & Associates

10

Jan

Real Estate Tips

What Closing Costs Will Look Like When Selling Your Home

Selling your home can be exciting and emotional. You may be focused on the potential profit from the sale, it’s essential to understand the costs that come with closing the deal. Closing costs can significantly impact your net proceeds, so being prepared will help you avoid surprises and plan accordingly. 1. Real Estate Commissions The largest portion of your closing costs is usually the commission paid to real estate agents. This fee is typically split between the listing agent and the buyer’s agent and ranges from 5% to 6% of the sale price. For instance, if your home sells for…

09

Jan

By Lori Blank

Real Estate Tips

Cleaning Tips to Prepare Your Home for Sale

When selling your home, first impressions are everything. A clean, well-organized space allows potential buyers to envision themselves living there and can even increase the perceived value of your property. Cleaning is not just about making your home look good; it’s a strategic move to ensure your home stands out in a competitive market. Here’s how to tackle the cleaning process effectively when preparing your home for sale. 1. Declutter to Highlight Space Decluttering is the first step in preparing your home for sale. Buyers want to see the potential of each room, not your personal belongings. Start Room by…

08

Jan

By Lori Blank

Real Estate

The Non-Negotiables of Home Buying

Finding your dream home is one of the most exciting and personal journeys you’ll ever take. Just like crafting the perfect cup of coffee, choosing the right home is all about finding the blend that matches your unique preferences. For some, it’s all about practicality, while for others, it’s about charm, savings, or convenience. So, what’s your dealbreaker when choosing a home? Let’s break it down. 1. Low Maintenance: Weekends Are for Relaxing If you’re someone who loves to spend your weekends enjoying life instead of tackling a to-do list, a low-maintenance home may be your top priority. These homes…

07

Jan

By Lori Blank

Real Estate Tips

The Benefits of Buying a Home in January

When most people think about buying a home, the spring and summer months often come to mind. After all, that’s when the market is buzzing with activity. However, what many don’t realize is that January can be one of the best times to purchase a home. From motivated sellers to financial benefits, buying during the winter months offers several unique advantages for savvy homebuyers. Here’s why you should consider making your move in January. 1. Motivated Sellers The holiday season can be a challenging time for sellers, and many who list their homes during this period are often eager to…

06

Jan

By Lori Blank

Financial Reports

What’s Ahead For Mortgage Rates This Week – January 6th, 2025

With the holiday season coming to a conclusion, there was little in the way of data releases. Last week, the main reports were the Chicago Business Barometer and the ISM Manufacturing Index, both indicating a slight contraction in the manufacturing sector. This comes as we await the upcoming administration change at the White House. The impact of this is relatively minimal, with lending rates continuing their downward trend. Next week we will be expecting the year-over-year for both the Consumer Price Index (CPI) and Producer Price Index (PPI), wrapping up 2024. Chicago PMI The Chicago Business Barometer, also known as…

03

Jan

By Lori Blank

Real Estate Trends

The Importance of Location in Real Estate

When it comes to real estate, you’ve likely heard the phrase, “Location, location, location!” This isn’t just a catchy mantra, it’s a fundamental truth that underscores the value of any property. While a home’s design, size, and features play a role in your buying decision, the location is often the most critical factor that determines both the property’s current worth and its long-term potential. Why Location Matters More Than Ever The location of a property influences nearly every aspect of homeownership, from daily convenience to future resale value. A property’s location can shape your lifestyle, your access to amenities, and…

02

Jan

By Lori Blank

Real Estate Tips

Real Estate Resolutions for 2025 and Setting Your Home Goals

As we step into 2025, it’s the perfect time to reflect on the possibilities a new year can bring, especially when it comes to your real estate goals. Whether you’re dreaming of buying your first home, investing in property, or upgrading your current living space, setting clear, actionable resolutions can help guide your journey and turn your aspirations into reality. Why Set Real Estate Resolutions? Real estate is one of the biggest and most impactful investments you can make. Your home isn’t just a place to live; it’s a foundation for your lifestyle, a source of stability, and often a…

01

Jan

By Lori Blank

Holidays

Happy New Year! Your Next Chapter Awaits!

As 2025 begins, I want to thank my amazing clients, past, present, and future for trusting me to guide you on your real estate journey. Whether you’ve found your dream home, are preparing to sell, or envision a move this year, I’m grateful to be part of your story. A new year brings fresh possibilities, and I’m here to help you navigate the market with confidence and care. Let’s make 2025 the year you take the next step toward your goals. Wishing you joy, success, and new beginnings!

31

Dec

By Lori Blank

National Holiday

Reflecting on a Great Year and Looking Forward to Helping You In 2025

As we approach the end of another year, I want to take a moment to reflect on the incredible year that has been filled with challenges, successes, and unforgettable milestones, and I’m truly grateful for the opportunity to help so many wonderful clients achieve their real estate goals. Whether you bought your dream home, sold your property for a great price, or began your real estate journey, I’m honored to have been a part of it. As 2024 comes to a close, I’m filled with gratitude for all the trust you’ve placed in me. I’m thrilled that I could help…

30

Dec

By Lori Blank

Financial Reports

What’s Ahead For Mortgage Rates This Week – December 30th, 2024

With Christmas concluding the prior week, there were few reports other than Consumer Confidence, which had come in slightly below expectations. This should prove to have little impact, especially in the following week. With the New Year on the horizon, there are no reports other than the Chicago Manufacturing output report for the entire week. Happy Holidays! Consumer Confidence A post-election pop in consumer confidence fizzled at the end of the year, owing to worries about the U.S. stock market and a potentially higher cost of living as a result of new tariffs. The index of consumer confidence dropped 8.1…