Category: General Articles & Insights | PIP Realty Group – Chicago’s Leading Boutique Multifamily Property Manager

Real Estate Road Blocks in Chicago and How To Deal With Them

July 18, 2022

Buying or selling a home is a high-stakes transaction for most people. Home prices are hundreds of thousands of dollars and any obstacle preventing deal closure either crushes the dreams of a buyer or kills the profits of a seller. Here are common real estate roadblocks in Chicago and how to deal with them to … Continued

How Will Your Credit Score Affect Your Purchasing Power in Chicago?

June 20, 2022

By PIP Realty Group

When you’re trying to get a mortgage loan, the most influential factor will be your credit score. Generally, the higher your score, the greater your chances will be of getting financing at better interest rates. So, what exactly is a credit score, and how will your credit score affect your purchasing power in Chicago? Keep … Continued

Unexpected Things That Affect Your Property Value in Chicago

May 23, 2022

By PIP Realty Group

We all know the basics of what goes into determining property value: square footage, number of beds and baths, location, schools, local market, and so on. But that’s not all there is to it – because the real value of your property is determined more by what buyers will actually pay than by what the … Continued

What is Home Equity and How Does it Impact Home Buyers and Sellers in Chicago?

April 25, 2022

By PIP Realty Group

Out of all of the aspects of homeownership, building equity in your home is one of the most important and least understood. Let’s look into the details and gain a better understanding of what we’re talking about by asking what home equity is and how it impacts home buyers and sellers in Chicago. What Is … Continued

Property Taxes: A Guide for Chicago Buyers and Sellers

March 28, 2022

By PIP Realty Group

Taxes are, as you know, one of those two irksome but inevitable things in life. And included among the inevitable taxes are property taxes. It’s just that with these taxes, many of us don’t know as much about them as we should or could. For example, how are property taxes calculated, who pays them in … Continued

5 Ways an Agent Can Help You Sell Your Land in Chicago

November 8, 2021

By PIP Realty Group

Selling land is both different from and more challenging than selling a house. Pricing is trickier, the target market is different, marketing has to be different, and it often takes longer. If you want to sell your land, you need to understand these differences and know why you need to use an experienced agent. Simply … Continued

How Changing Interest Rates Change Which Homes You Can Afford in Chicago

June 21, 2021

By PIP Realty Group

Interest rates are changing – that is, they are rising – and that’s going to affect what homebuyers can afford. With the current low inventory and rising home prices, it’s just another blow for buyers. Interest rates are steadily rising, slowly at first and now at an increasing rate, from the historic lows they hit … Continued

What to Expect After the End of the Foreclosure Forbearance Program in Chicago

June 7, 2021

By PIP Realty Group

The federal CARES Act provided mortgage-payment relief for millions of American home owners experiencing pandemic-induced financial hardship. It was truly a lifeline for these many homeowners who wouldn’t have been able to keep up with mortgage payments. But the one-year end date for many of the forbearance plans is fast approaching – and it will … Continued

4 Things You Didn’t Know Your Chicago Real Estate Agent Could Do

May 11, 2021

By PIP Realty Group

Buying or selling a home is usually done with the services of a real estate agent because it can be a complicated process and transaction involving many legal implications. Agents provide multiple services ranging from listing homes to hosting open houses to negotiating the best deal. But agents can – and very often do – … Continued