Closing costs come hand in hand with purchasing a home. For many first-time buyers, it’s imperative that you discuss with your Fulton Grace agent all of the potential fees you face prior to closing as it is undoubtedly imperative to factor into your budget when you begin looking for your first home! When the property title is transferred into your name, you can expect a few of the costs (including a handful of others) to appear that are either generated by the seller or buyer. The list below is by no means exhaustive so be sure to consult your agent early in the process to understand exactly what you will be expected to pay.
Property Management
Sellers, Fix These Issues Before a Home Inspection
Selling a home can sometimes feel like an uphill battle. If you’re green, you might be surprised to find the lists of items you need to complete, check in on, or contract before listing. But doing your research and hiring a seasoned agent can greatly impact your experience and result in a smooth, stress-free process. With that, doing preemptive research and housing prep doesn’t hurt. Home inspections have a reputation for either sweetening or ruining a deal. Skip the headache and take note of the items below that you can address ahead of time to make home inspection time a breeze for you and your Fulton Grace agent.
Broker Blog: Perks of Mixed-Use Developments in Your Neighborhood
Over the past decade, the popularity of mixed-use developments in the United States, including Chicago, has surged. Mixed-use developments are considered tactics often used to rejuvenate communities by creating a space where residents can also work and shop. While mixed-use developments usually mean larger and taller buildings, an arguable dissent of some, the benefits of mixed-use properties are reason enough to welcome the idea in many neighborhoods.
What Is Property Management?
Our full-service Property Management team at Fulton Grace act on behalf of you (the owner) to preserve the value of the property while generating income.
If you have a single rental home or hundreds of investment properties, trust our team of Property Managers to manage your property for you.
An owner of a single-family home, condominium, or multi-family building may engage the services of a professional property management company.
The Property Management company will then advertise the rental property, handle tenant inquiries, screen applicants, select suitable candidates, draw up a lease agreement, conduct a move in inspection, move the tenant(s) into the property and collect rental income.
The Property Management Company will then coordinate any maintenance issues, supply the owner(s) with financial statements and any relevant information regarding the property, etc.
Do You Need a Property Manager for Your Rental Property?
Whether you’re thinking about purchasing a new investment or leasing your existing property, consider hiring a property management company.
From navigating tenant problems to ensuring timely repairs, managing property is a lot of work that requires a great deal of attention and experience.
Before beginning your hunt for a property management company, consider the property needs, key duties, and qualities necessary to recruit the ideal tenant for you, your budget, and your future tenants.
How Much Does a Property Manager Cost in Chicago, Il?
Property Management Services: We charge a low monthly property management fee equal to the percentage of the monthly rental income. The exact percentage varies depending on the type of property that requires services.
Leasing Services: We charge a fee equal to one month’s rent to secure an approved tenant for a one year lease.
Landlords: How to Maximize Your Rental Income in Chicago, Il
Marketing your property for rent includes a vital component: Selecting a Listing Price.
This amount must reflect the property’s fair market value. Because most of the activity on your home occurs in the first few weeks, it is essential to determine the magic rental price from the start.