The housing market can be daunting, even for seasoned professionals. That’s why “The HomeBuyer’s Hour” on WCPT AM820 brings together experts to guide you through the complexities. In the latest episode, B Fontaine, Patrick Loftus (real estate lawyer), Steve Davis (real estate agent), and Joey (mortgage broker) tackled crucial topics like the importance of legal counsel, agent integrity, and making informed buying decisions. Let’s unpack the key takeaways:
Protect Yourself with Experienced Legal Expertise:
Patrick Loftus emphasizes the importance of partnering with a qualified real estate lawyer. Their experience safeguards you throughout the transaction, ensuring informed decisions and protection from
Continue Reading Don’t Be a Victim of Hidden Issues: Secure Your Home Purchase with Loftus Law
Latest from LoftusLaw Blog - Page 3
The Hot Chicago Market – Analyzing Insights and Statistical Trends | The HomeBuyer’s Hour
The recent episode of “The HomeBuyer’s Hour” offered valuable insights for navigating the ever-evolving Chicago real estate market. Whether you’re a buyer, seller, or simply curious about the current trends, there’s something for everyone in this packed episode. Here are some key takeaways:
Hot Spring Market, Low Inventory: Despite limited listings, the spring market promises to be vibrant, with inventory peaking around April or May. Experts advise buyers to be prepared and act quickly when they find a property they love.
Lock-in Interest Rates: With potential changes on the horizon, securing a locked-in rate upon finding a suitable property is
Continue Reading The Hot Chicago Market – Analyzing Insights and Statistical Trends | The HomeBuyer’s Hour
Real Estate Brokers Crossing Over Into Other Fields | The HomeBuyer’s Hour
This episode of “The HomeBuyer’s Hour” was packed with valuable insights for buyers, sellers, and anyone interested in the Chicago real estate market. From economic updates to personal stories, the show covered a wide range of topics related to the industry. Here are some key takeaways:
Market Updates and Economic Influences:
- The manufacturing index suggests a strong market ahead, potentially influencing pre-approval numbers.
- Interest rates remain a point of discussion, with the 10-year treasury hovering around 4%.
- Upcoming elections and career transitions are potential economic influencers.
The Role of Real Estate Brokers:
- Clear communication and effective collaboration are crucial for smooth transactions.
Continue Reading Real Estate Brokers Crossing Over Into Other Fields | The HomeBuyer’s Hour
Market Conditions Analysis and Projections for Buyers and Sellers | The HomeBuyer’s Hour
Have you ever tuned into “The HomeBuyer’s Hour”? This insightful radio show tackles the intricacies of affordable housing, empowering listeners with knowledge and resources. In this blog post, we unlock the key takeaways from a recent episode, equipping you to navigate your housing journey with confidence.
Demystifying Affordability:
The show kicks off by unraveling the true meaning of “affordable housing.” While the government sets it at 30% of income, the discussion emphasizes the importance of considering individual circumstances. Remember, affordability is personal – what works for one might not work for another.
Beyond Bricks and Mortar:
Converting commercial spaces into
Continue Reading Market Conditions Analysis and Projections for Buyers and Sellers | The HomeBuyer’s Hour
Putting the Fun in Law
Let’s face it — law firms are often considered pretty stale and boring places. Although most things surrounding the law are serious, like big real estate purchaes, there are ways to make the experience less drab and a little more enjoyable. Patrick Loftus understands this more than most lawyers. By taking a highly personal approach with his clients, Patric has found a way around the bore.
While most law firms rely on suport staff to be the primary contact with clients, and their clients may not have a single conversation with their lawyer until the day of closing, if ever,
What’s In The Multi-Board 7.0 Contract?
In a couple of weeks, the Multi-Board 7.0 is going to drop, with the intention of retiring the 6.1 sometime in February or March 2019. Though the 6.1 served us well, the industry evolves, and our contract need to evolve with us.
Here are 3 quick takes from the new form.
1. Realtors no longer have to pick a mortgage contingency deadline.
For those of you who have been in the business for awhile, this is going to feel really weird to start. The new form sets the deadline at “forty-five (45) days after Date of Acceptance or five (5)
Here are 3 quick takes from the new form.
1. Realtors no longer have to pick a mortgage contingency deadline.
For those of you who have been in the business for awhile, this is going to feel really weird to start. The new form sets the deadline at “forty-five (45) days after Date of Acceptance or five (5)
What’s In The Multi-Board 7.0 Contract?
In a couple of weeks, the Multi-Board 7.0 is going to drop, with the intention of retiring the 6.1 sometime in February or March 2019. Though the 6.1 served us well, the industry evolves, and our contract need to evolve with us.
Here are 3 quick takes from the new form.
1. Realtors no longer have to pick a mortgage contingency deadline.
For those of you who have been in the business for awhile, this is going to feel really weird to start. The new form sets the deadline at “forty-five (45) days after Date of Acceptance or five (5)
Here are 3 quick takes from the new form.
1. Realtors no longer have to pick a mortgage contingency deadline.
For those of you who have been in the business for awhile, this is going to feel really weird to start. The new form sets the deadline at “forty-five (45) days after Date of Acceptance or five (5)
The Multi-Board 7.0 Contract Form Is Coming! What’s In It?
Since 2015, the Multi-Board 6.1e has been the contract to use for real estate professionals in the Chicago area. This year, the Illinois Real Estate Lawyers Association (IRELA) has been hard at work on the new and improved version, the 7.0. The IRELA lawyers working on 7.0 have kept their cards close to their vest, but there are a few details that have been leaked…
Word on the street is that the new form will have some kind of appraisal contingency. Honestly, this makes sense, because it’s become standard for buyer attorneys to request that the contract be contingent on the
Word on the street is that the new form will have some kind of appraisal contingency. Honestly, this makes sense, because it’s become standard for buyer attorneys to request that the contract be contingent on the
Continue Reading The Multi-Board 7.0 Contract Form Is Coming! What’s In It?
The Multi-Board 7.0 Contract Form Is Coming! What’s In It?
Since 2015, the Multi-Board 6.1e has been the contract to use for real estate professionals in the Chicago area. This year, the Illinois Real Estate Lawyers Association (IRELA) has been hard at work on the new and improved version, the 7.0. The IRELA lawyers working on 7.0 have kept their cards close to their vest, but there are a few details that have been leaked…
Word on the street is that the new form will have some kind of appraisal contingency. Honestly, this makes sense, because it’s become standard for buyer attorneys to request that the contract be contingent on the
Word on the street is that the new form will have some kind of appraisal contingency. Honestly, this makes sense, because it’s become standard for buyer attorneys to request that the contract be contingent on the
Continue Reading The Multi-Board 7.0 Contract Form Is Coming! What’s In It?
Park District Releases Updated Plans For Renovation of Jackson Park and South Shore Golf Courses
In case you hadn’t heard, Tiger Woods is coming to the south side. Sort of. In 2016, his golf course design company, TGR Design, signed on to oversee the “restoration” of the Jackson Park and South Shore golf courses into a PGA tournament caliber course. However, plans for the restoration released this past June received a mixed response from the public. As a result, TGR went back to the drawing board in an attempt to appease some of the critics.
Local residents and long time patrons of the courses had a number of concerns about the plans. First
Continue Reading Park District Releases Updated Plans For Renovation of Jackson Park and South Shore Golf Courses
Park District Releases Updated Plans For Renovation of Jackson Park and South Shore Golf Courses
In case you hadn’t heard, Tiger Woods is coming to the south side. Sort of. In 2016, his golf course design company, TGR Design, signed on to oversee the “restoration” of the Jackson Park and South Shore golf courses into a PGA tournament caliber course. However, plans for the restoration released this past June received a mixed response from the public. As a result, TGR went back to the drawing board in an attempt to appease some of the critics.
Local residents and long time patrons of the courses had a number of concerns about the plans. First
Continue Reading Park District Releases Updated Plans For Renovation of Jackson Park and South Shore Golf Courses
Spreading Some Non-Profit Love
LoftusLaw is decidedly for profit. However, it is important to give back. Not only does it feel good to give, it is just the right thing to do. Hopefully I can inspire some giving here, by telling you a little bit about my favorite charities.
World Wildlife Fund
I like WWF, because of their support of professional wrestling… ha ha, /r/dadjokes. Actually, my support of WWF began after a few glasses of wine and a WWF commercial starring some adorable elephants. I was compelled by the opportunity to ‘adopt’ an elephant, although I am not sure the customer service representative
Continue Reading Spreading Some Non-Profit Love
Spreading Some Non-Profit Love
LoftusLaw is decidedly for profit. However, it is important to give back. Not only does it feel good to give, it is just the right thing to do. Hopefully I can inspire some giving here, by telling you a little bit about my favorite charities.
World Wildlife Fund
I like WWF, because of their support of professional wrestling… ha ha, /r/dadjokes. Actually, my support of WWF began after a few glasses of wine and a WWF commercial starring some adorable elephants. I was compelled by the opportunity to ‘adopt’ an elephant, although I am not sure the customer service representative
Continue Reading Spreading Some Non-Profit Love
It Always Feels Like Somebody’s Watching Me!
At first glance, this picture does not look particularly controversial or even interesting. But if you look closely, there is something extremely important going on here. Mark Zuckerberg, CEO of Facebook, has placed a piece of tape over the webcam on his computer. It’s a remarkably low-tech solution to a fairly high tech problem, which is that hackers have figured out how to access the camera in your computer to spy on you.
The process of hacking a webcam is a bit too complicated to explain concisely here. If you are curious about the details, I recommend checking out episode
Continue Reading It Always Feels Like Somebody’s Watching Me!
It Always Feels Like Somebody’s Watching Me!
At first glance, this picture does not look particularly controversial or even interesting. But if you look closely, there is something extremely important going on here. Mark Zuckerberg, CEO of Facebook, has placed a piece of tape over the webcam on his computer. It’s a remarkably low-tech solution to a fairly high tech problem, which is that hackers have figured out how to access the camera in your computer to spy on you.
The process of hacking a webcam is a bit too complicated to explain concisely here. If you are curious about the details, I recommend checking out episode
Continue Reading It Always Feels Like Somebody’s Watching Me!
What Is Airfare Hacking?
Some of you know that I just got back from a short trip to see the sites in Warsaw, Poland. Whether it is a good idea to lose and gain 7 hours in the span of 5 days is debatable, the trip was a great success. The best part is that the whole trip cost about $1,000, including airfare. It all starts with something called “flight hacking.”
This is not a complicated as it sounds. There are a few tools that are easy to use, which can have you traveling the world for dirt cheap.
Scott’s Cheap Flights
The best
Continue Reading What Is Airfare Hacking?