We hear from lenders and Illinois REALTORS® about what it takes to get to the closing table given today’s stricter lending standards in the cover story “Buying a Home in Tight Money Times” for the April Illinois REALTOR® magazine. In the simplest terms patience and pre-approval hold the key, although many REALTORS® working in the trenches know that pre-approval can be anything but simple unless the borrower has good credit and provided the building—in the case of a condo in Chicago—is not on the “ineligible list.”
- View the “Step-by-Step Guide to License Transition Period” video featuring IAR Legal Hotline Attorney Betsy Urbance—a special feature of the digital edition.
- Short sales are complicated and can take a lot more time to get from offer to contract, to close. In our “Short Sale” feature you’ll learn some best practices offered by instructor Lynn Madison, co-author of the National Association of REALTORS® Short Sales and Foreclosure Resource Certification (SFR) course, as well as Illinois REALTORS® with experience in the short sale transaction.
- Common questions posed to the IAR Legal Hotline (and the answers) related to property management per the Illinois Real Estate License Act of 2000, such as “Do I need a real estate license to engage in property management activities?”
- Tips from Illinois top producers for generating more business in a tough economy.