Saturday, June 08, 2013 / by John Armstrong
Are you under water on your mortgage and not sure how long you can hold your breath? Are you afraid your McLean County home will be foreclosed on? Do you want to know what options you have but can't stand waiting on hold with your mortgage company? Short selling the Bloomington area may be easier than you think.
The McLean County Mediation Program is a great resource. This is a program specific to McLean County. To learn more about this FREE program call or text me. John Armstrong 309-275-9333..
Wednesday, May 22, 2013 / by John Armstrong
Be prepared as a buyer to act quickly. In Bloomington-Normal homes are moving fast. Not only are they selling quickly. We are seeing great appreciation. In certain price ranges we see less than 2 months of inventory. With this sort of supply/ demand balance, being a prepared buyer is neccessary. #1 Have a pre qualification to show the seller you are a serious buyer. When I receive an offer on one of my listings without a letter from a lender showing the buyer is qualified I don't much validity on it until I see the buyer can obtain financing. #2 Know what your looking for. In the current Bloomington housing market you don't have extra "think about it" time. If you see what you want you need to act quickly. #3 Know the market. What are homes selling for in that area? Is this a deal? What is crime like in that neighborhood? How are the schools? These are all questions you should know before looking at the home. I always prepare a neighborhood market analysis not only to show ...