Len Nevin - Realtor With Koenig & Strey

Time to be a landlord?

Len Nevin — Fri, 03 Sep 2010 16:28:51 +0000

It seams that people will always need a reason to move. Lets be honest, you buy a home and most of the time you think to yourself that you will only need to be there for about 3-5 years. This is very typical for a lot of people who I have sold to over the last 8 years. Now the 3-5 years has passed and these home owners are expanding their families, renting storage space, living in clutter or are just plain ready to go to a different neighborhood that is either more exciting or maybe quieter.

These people decide it is time to sell and enlist the help of their favorite Realtor (hopefully me). The issue that people are running into is that the market has dropped since they had bought and they just can not afford to sell a lot of the times. So what are the options? Bring cash to closing, do a short sale (if they have had a hardship), or become landlords. Believe it or not, the landlord option has become quite the popular option. Not everyone can afford to purchase the next home, but while they become landlords, they also become tenants. Not a bad deal if you ask me. You still have the privilege of ownership, and you get the extra space you need.

Are there some things to be careful of? Of course. Read this article on this exact subject.

Once you have decided to take this route, there are plenty of things to consider. My first suggestion is that you call your favorite Realtor (hopefully me again) and get some advice and some help finding the perfect renter. Lets be honest, I deal with properties every day and within the last few years, I have helped plenty of home owners find great tenants. If I can do it for them, I can do it for you.

Give me a call and I would love to help you figure out if being a landlord is in your future.

You can contact me at either, lnevin@koenigstrey.com or they can call me at 773-809-5536.

Best Wishes,

Len Nevin

2930 N Sheridan Ave Unit 909 Chicago, IL

Len Nevin — Tue, 31 Aug 2010 21:56:11 +0000

Not A Developer Sale, This FHA Approved Condo Is Move In Ready. One Of The Largest One Bedroom Layouts In The Building With Over 20k In Upgrades Including: Large Granite Kitchen Island, In-unit Laundry, Upgraded Cabinets, Ss Appliances, Upgraded Hdwd Floors, Beautiful Bathroom And Fixtures, Spacious Bedroom And Overall Just Amazing Condo. Building Features, Workout Room, Party Room And Amazing Rooftop Deck.

FHA LAUNCHES NEW PROGRAM FOR UNDERWATER HOMEOWNERS

Len Nevin — Tue, 10 Aug 2010 23:09:53 +0000

Looks like they are going to give this whole “Stabilizing the Home Values” thing another shot. This time they are targeting responsible homeowners. Looks like the cry of “Where is my bailout” from responsible people might have been heard. Past programs have done little to balance things out, so this is another attempt to stabilize. I for one will applaud this if the lenders are cooperative. There is another program that appears similar to this one called the HAMP program. This one required borrowers to have to claim a hardship and was looked to be more of a program to help people avoid foreclosure.

I haven’t had enough time to read into all the details of the program yet, but click here and you can form your own opinion.

As always, if you know anyone who is looking to buy or sell Real Estate, do them a favor and have them contact me at either, lnevin@koenigstrey.com or they can call me at 773-809-5536.

Best Wishes,

Len Nevin

2010 Chicago Marathon for Diabetes

Len Nevin — Mon, 02 Aug 2010 14:29:10 +0000

This October I will be running in the Bank of America Chicago Marathon. I have also taken on the added challenge of raising money for vital diabetes research. Please support me in my efforts to run 26.2 miles for a cause that means so much to me.

Diabetes is one of the most common and serious chronic diseases in the United States. The incidence of both type 1 and type 2 diabetes is rapidly increasing. 24 million Americans have diabetes, and 1 million more are diagnosed every year. This includes 15,000 children who are diagnosed with type 1 diabetes each year.

You can help!

All of the funds raised by the Diabetes Action Team will support research to prevent, treat, and cure diabetes. Every dollar counts so please donate what you can. Together, we can make a difference.

Thanks so much for your support and encouragement!

To Donate, please visit: http://www.diabetesaction.org/goto/lennevin

744 W California Ter Unit 2 Chicago, IL

Len Nevin — Fri, 16 Jul 2010 15:34:32 +0000

Stunning Vintage Condo In Gated Community Situated In The Heart Of Lakeview, Just Steps From Shopping, Dining, Nightlife & More. Enjoy The Recently Renovated Kitchen W/granite Countertops & New Cabinets While Soaking In All The Natural Light. Other Features: A Great Open Flr Plan W/fireplace, High Ceilings, Newly Updated Bath, Tons Of Closet Space & A Small Back Deck. Lease Parking Available On Site Or Across Street.

How do you deal with negative equity?

Len Nevin — Tue, 06 Jul 2010 15:41:06 +0000

I recently read this article that talks about a Florida man who is $200k under water on his home and how he has no options because he is paying his mortgage on time and can afford it:

http://rismedia.com/lowes/8355/9137

Kinda brings up the whole…. where is my bailout questions doesn’t it? The truth of the matter is that this guy is not alone. There are hundreds if not thousands of people in the same exact situation. To be honest, I am one of them. I am about 30-40k under water at this point. For most who are in their dream homes, I would say it is not a problem. For those who are needing to make a move up and need room because of a growing family…. it is a different story. I talk to people in my exact situation every day and they ask me what can be done. Unfortunately, the answer is usually nothing. For one client, the answer was for him to rent out his place and eat about $500 per month. For a closing that I had on Friday, the answer was to bring 48k to closing.

The solutions to this problem will be different for everyone. If you are in this situation, please contact me so we can discuss your options. If there is a way, I will find it.

As always, if you know anyone who is looking to buy or sell Real Estate, do them a favor and have them contact me at either, lnevin@koenigstrey.com or they can call me at 773-809-5536.

Enjoy,

Len Nevin

Happy Memorial Day Weekend!!!

Len Nevin — Fri, 28 May 2010 15:06:45 +0000

I think that sometimes people forget how good we have it in this country and it is good to remember WHY we have it so good. Make sure to thank those who currently wear the Uniform of our country and especially those who have worn the uniform. Those today are only continuing the great work of people like both of my Grandpas who served in WW2.

If you are traveling at all this weekend, hopefully the following article can be of some help to you. It has some good tips to make sure you have safe travels and enjoy this great holiday!

http://rismedia.com/lowes/8355/8653

Enjoy your holiday and as always, if you know anyone who is looking to buy or sell Real Estate, do them a favor and have them contact me at either, lnevin@koenigstrey.com or they can call me at 773-809-5536.

Enjoy,

Len Nevin

Secrets to Keeping Your Credit Score High

Len Nevin — Tue, 18 May 2010 14:21:37 +0000

We all know that credit scores are important, in fact, you can’t get a decent loan unless they are good. Follow the link below to read a great article on the subject.

http://rismedia.com/2010-05-17/secrets-to-keeping-your-credit-score-high/

As always, if you know anyone who is looking to buy or sell Real Estate, do them a favor and have them contact me at either, lnevin@koenigstrey.com or they can call me at 773-809-5536.

Enjoy,

Len Nevin

Koenig & Strey Market Watch – May

Len Nevin — Tue, 11 May 2010 18:40:08 +0000

3930 N Pine Grove Ave Unit 3113, Chicago

Len Nevin — Fri, 07 May 2010 14:25:36 +0000

YOU DON’T WANT TO MISS THIS AMAZING 1 BDRM CONDO ON THE TOP FLR OF LAKE PARK PLAZA.WAKE UP EVERY MORNING TO STUNNING VIEWS OF LKE MICH & MONTROSE HARBOR.THIS SPACIOUS CONDO FEAT A NEW KIT & BTHS,GENEROUS CLST SPACE & GREAT ROOM SIZES.BLDG FEAT A WRKOUT RM,LRG SUNDECK W/GRILLING,OUTDR POOL ACCESS & MORE.EXPRESS BUS RIGHT OUT FRONT & LSD & THE LAKE FRONT PRK JUST STEPS AWAY.VALET PARKING AVAILABLE IN BUILDING FOR ADDL FEE.