Having trouble reading this email? View it on your browser.
Forward this email to a friend.
 |  |  |  |  |  |  |  |  |  | |
|
Wenzel Select Properties Newsletter-Vol 4 Issue 9 | ||||||||||
 | ||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||
|
Lisa & Freddy Wenzel, 924 Warren Avenue, Downers Grove IL 60515 The material in this publication is provided for your informational purpose only and is not intended to substitute professional advice.
If your property is currently listed with a Real Estate Broker, this publication is not intended as a solicitation.
| ||||||||||||||||||||||||||||||
sociated
with and supported by the experienced staff in The Prudential
Insurance Company of America's Chicagoland Agency. For over
135 years, Prudential has been a vital part of the Chicagoland
community. Whether you're "Just starting out," "Setting into
retirement" or somewhere in between, together we'll develop a
strategy to help you find solutions to your financial
challenges and meet your goals. We help assist individuals,
families and business owners alike to find your solutions for
protecting what matters most to you and developing long term
relationships to meet your needs both now and in the
future. My office is located in Downers Grove and I am a
30 year resident of the village where I raised my family and
continue to help support the efforts of the village through
service and volunteering. But most of all it's where I call my
home.
For the twenty-eighth consecutive month, home prices have increased year-over-year. June's median existing-home price reached $223,300, a climb of 4.3 percent from a year ago. The Midwest and the South saw price increases of 4.6 percent and 3.4 percent, respectively. Buyers in the West saw even greater price increases, as median prices rose 7.2 percent above June 2013. Only the Northeast reported a slight drop in median price of 0.1 percent... 
During the heat of summer, your roof may be the last thing on your mind. Performing summertime maintenance is the most effective way to ensure that it is fully prepared for the seasons to come. These five tips can help you keep your roof in great shape.
Hot weather doesn't have to stop you from doing something cool with your home exterior. Some small-scale painting projects can easily be completed early in the morning or late in the afternoon?times of the day when you won't wilt in the sun.
In layman's terms, an FHA loan is insured (or backed) by the Department of Housing and Urban Development (HUD). This government subsidy has been around since the housing market found itself in a bit of a pickle over 50 years ago. The idea was that the government could provide a little added insurance to lenders against default, by padding loans with a little extra insurance that lenders could hold in escrow and agree to make up the difference in the event of a loss, in favor of the lender. The government felt like this program would make lenders more willing to lend to a larger variety of buyers, make home ownership abound and revitalize a weak economy in a single sweep.
Finding the house of your dreams is only the first step towards becoming a homeowner. Once you've located the perfect home, you need to make an offer to buy it. This is not as simple as telling the agent how much you're willing to pay. Your offer, once accepted, becomes the legal sale and purchase agreement. As your offer is the prototype for the contract, it needs to spell out in writing all the terms of the deal, such as whether the offer is contingent on financing, or you won't... 
