So you own a condo and they’re about to change the rules on you. Do you own a condo now with no rules in place? How does it work? Let’s go find out. Stay with me for the next 2 to 3 minutes and I will show you the exact answers and lay out a path for you to as a 90% of your questions when it comes time that the condo association is changing their rules. Hi. I’m Janine Sasso, local real estate professional and somber. How close is bearing down and the surrounding suburbs? Many associations are changing their rental rules due to newer companies like Airbnb or VR, BO that are operating currently in sort of a gray zone because they are doing nightly or weekly rentals that are not regulated by many associations. So in an effort to adapt, many androids are adapting their roles. But what does it mean for you, association one to limit the amount of renters that are actually occupying a complex? One of our two largest lending institutes are wanting to make sure that their money is in good hands and therefore they are preferring owner occupied properties.

Now, if you have a higher increase in renters, your potential buyer might not qualify for one of those bad loans. So with that, your buyer pool becomes smaller and smaller associations are trying to navigate that by putting a limit into place. Association like to keep the unit owner occupied in the belief that owners are actually taking better care of the units than renters. What do you think? Do you think that’s true? Do you think that renters do not care about the unit? Let me know in the comments below. I would love to hear your thoughts on this. So what if you’re owning in a building where they’re about to change the rules? Well, you have two options. Most often you are grandfathered in with the old set of rules. As long as you are owning the unit, once the units sold itself and transferred, the new rules will apply to the new unit owner.

Now there is a second scenario that can come to fruition, which is a little bit more tricky. The second scenario says the association will make everybody adhere to the new rules. And like I said, sometimes this can lead to great obstacles for many people. And it’s the least traveled road when it comes to this. Do you own a condo and have experienced association changes? Have they changed the rule for you? Did it affect you? Do you think you came out for the better? Let me know in the comments below. I would love to hear your input on this subject. My name is Janine Sasso. I’m your local Schaumburg, Hoffman Estates and Barrington Realtor serving the northwest suburbs of Chicago. And I cannot wait to see you in the next video. Do not miss it. Please make sure you subscribe and ring the bell. And if you have any other questions, please send them in. I always love to get questions from my audience to make sure I address the things that matter most to you.

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Hey, everybody, it’s Janine Sasso, your local Chicagoland realtor. And in today’s topic, I will be telling you all about and how to get a lot of character into your home. Did you ever check out those amazing, beautiful magazines? And you wonder, why is it that if you look at that picture, you immediately feel this connection? And the answer, to be honest, is all about character when it comes to making a home, have this certain feeling. We want to pay attention on how well things play together, and I’m going to go over that with you right now.

The first thing is your first impression, and this starts at your entrance, so you want to really take a good look at your foyer. So, for example, you could just add a little bit of crown molding to define your for your space. And then you could paint the ceiling a certain color that matches the color scheme from the rug that you have in the foyer. So there are certain ways to just play together with certain materials that just make it look so inviting that people feel immediately like they’re home.

The second tip I can give you is to consider to go natural. So what does that mean? Going natural can be achieved by using certain lamps that are, you know, wicker or base or wood that are more of a modern sixties style wood to just really blend in the natural themes into your home. People will love to see those natural aspects throughout it and feel an immediate connection. Another great thing to get this natural feel in is was textured rugs and my absolute favorite when it comes to sprucing up a home is trim. You can never, ever have too much trim.

That is probably not quite true. But if you have trim and you trim out a ceiling for crown molding or if you even take a bathroom mirror, you know that normal mirror that the builder puts in there and you trim it out. Trim can have an amazing effect on how things are perceived with depth and it makes it look like a million bucks.

And it was really just a quick, quick fix. You can also use trim to do a cherry. Well, you can use it to do a little casement like a wainscoting kind of type almost. And you could do like a picture art gallery. You was trim. There’s just so many uses for trim. It’s crazy. And Pinterest, for example, would have you covered on it. And my last tip for you is to consider a mix and matching some of the materials. So, for example, you could get an amazing backsplash done with a faux brick panel that you can put up really quickly. It’s a unique design, so you definitely are striking a chord there with the buyers. You could also add a custom fireplace into the bedrooms simply by an electric one that you can push in. There’s so many easy hacks to do that with a built in character. If you wanted to do a living room, you can put up a mantel. Even if you don’t have a fireplace, it creates depth. And buyers find this oftentimes very, very intriguing. I hope this helped. So today’s episode was all about building character in your home. If you have any topics you want to discuss, let me know and I look forward to next week.

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Hey, everybody, it’s Janine Sasso, your local Chicagoland realtor. And today I am going to share with you four secrets on how to pay off your mortgage early. I’m excited. It’s everybody’s dream. You want to be debt free. You don’t want to have a mortgage to pay. And I want to show it with you or share with you today for tips that might just help you accomplish that goal. Not every strategy is created equally so when it comes to the right one for you. Maybe one of them is the right one.

I have listed them below again in the description, so you can look at that too. But let’s get started with number one. The first thing you could do to pay off your mortgage quicker is refinance into a shorter term loan. That’s the easy solution. Make sure you pay attention to your interest rate and to see if it makes sense on a closing cost basis.

Talk to your local mortgage professional about it. But this is choice number one. The second choice, you could just pay a little bit more each and every month. What you should do with that is have one mortgage payment and divided by 12. And then every month you add that 1/12 of a mortgage onto your payment and send it off. The estimation is that you can cut off about seven years of your loan. The third option is that you make an entire a 13th mortgage payment once a year. So this way it has the same effect. Then the option number two. You are estimated to shave off about seven years for the long term and you get to save a lot of money on the interest. And the fourth solution, you can have any extra money that we find. May it be your holiday bonus? May be a tax refund. You can have any extra money funneled right onto your mortgage in order to help speed up the paying it off process. So those were my four tips. Maybe there’s a strategy in there that just right for you that works for you. Let me know in the comments. I would love to hear from you. My name is Janine Sasso, and I am your local Chicagoland realtor.

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Hey, everybody, it’s Janine Sasso, your local Chicagoland realtor. And today I am talking to you about the housing bubble. I’m sure you’ve heard the talk. People, again, are talking about the housing bubble. So is there one? Do we have to worry about one? Let’s get into this a little bit and examine what really makes a housing bubble. It always starts with the fact that people perceive home values to rise faster than what they should. They see homes flying off the market, going to get multiple offers going to buff list price and naturally people start to worry because they are remembering that this was an event that led up to our market crash in ’07 and in ’08, one of the big differences between a healthy market was rising prices, though, and one that is unhealthy is the fact that you need to analyze who is driving the sales. Because if the sales are driven by speculators, people that are looking to buy property and then turn them over in a short period of time for a high profit, then this is definitely not a good price increase we should be looking at.

The other part is spectators that have been driven to buy because the interest rates were low and they have gotten this fear, we call it FOMO. So it’s the same principle, the fear of missing out. When they do see the prices increasing, they are jumping the gun to get in on the boat. Maybe they would have waited if prices were on a slower rate. Maybe they would have taken a little bit more time. That influx of spectators all coming into the market is definitely something that contributes to a housing bubble. Now spectators are starting to question the increasing prices of homes value. They are starting to become timid and they are starting to draw out of the market. This is when our prices are starting to rapidly fall. The confidence in the marketplace diminished and disappears and the prices are becoming lower and lower. Our housing bubble is full blown at this point.

Loan terms are also a contributor. It was a lot easier to get more buying power because lenders would help the borrowers make it work. Now there are more regulations in place to prevent this part, but when this happened, borrowers were just going out, they were getting easy mortgages and they were oftentimes using what we refer to as an arm. It’s an adjustable rate mortgage where you were paying upfront and this is where eventually things got caught up. And for some people they weren’t able to catch up, at which point, you know, some people ended up losing their homes. So is there a housing bubble today? And the short answer to that one will be no. The last big recession after 2007 was in the 1920s. Now we are only about 15 years old, 13 years in from that one. We have long got gotten rid of some of the loan types that were responsible.

We have adjusted our regulations and we have also done more research on what caused it so that we can be more prepared and we can eliminate some of these factors. The market will regulate itself. It will go up, it will go down. But as for the near forecast, we are not expecting and housing bubble for 2020. So I hope this build your confidence it was a little bit more of a dry material today. I hope it made it a little bit fun. If you have any questions, give me a call or you can also email me your questions and I look forward to talk to you next week.

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Hey, everybody, it’s Janine Sasso, your local Chicagoland realtor. And in today’s episode, I will be sharing with you my four investment pitfalls to avoid. So my first tip goes to people that have a high mortgage and their rent is barely covering it. One of the best advice we can give you is to keep about 10% of your annual rent in a separate account. This way you ensure if your tenant is unable to pay the mortgage, that you have a steady way of making payments without falling behind. Tip number two is for frequent vacancies. One of the best tips we can give you is to make sure you screen your tenant 100%. We want to avoid quick turnovers.

We want to make sure your tenant is financially able. So you want to make sure that you verify the sources that they give you. My next pitfall is when people are starting to chase too high of our wise, which is our return on investment. What you should be looking for is something in the mid-single digits. I have had clients where were wanting double digits returns every single time, but the investment strategy that is most commonly successful is a slow and steady approach over the long term.

If you do find a good deal, that’s great. But making this an expectation is probably not realistic. So make sure you have a game plan that is feasible for you and your investment. And that ties in with my fourth step, which is looking at it from a long term perspective. Having your rental gain equity over the course of time will be in your benefit regardless of where home prices are heading. Normally, our rents remain fairly stable regardless of market condition, so I hope you really enjoyed those for tips on the investment side. If you have any other questions, you can always email me and I’d be happy to cover that in next week’s episode.

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