| 815-235-2111 | 815-616-5311 ask@choicerealtyfreeport.com

Freeport Illinois

Historic Wrigley Field replica

Freeport Illinois

Famous 1914 ice cream parlor

Freeport Illinois

Home of Lincoln-Douglas debate

Freeport Illinois

Aquatic Center, neighborhood parks, programs

Freeport Illinois

Supportive living, villas, skilled nursing

IDX Quick Search


Screen Shot 2018-06-19 at 5.20.40 PM



Welcome!  At Choice Realty we understand that buying or selling real estate is among the most important financial transactions of your life. We are dedicated to providing personal and thorough service with a sharp focus on our clients needs. Our licensed staff looks forward to assisting you in any of the following areas: Residential, Condominiums, New Construction, Land, Farms, Commercial, Investment,  Auctions or Leasing. At Choice Realty we don’t want to be the biggest, just the best. We look forward to helping you with all your real estate needs.

Sellers

Want to know what your home is worth in today’s market? Give us a call for a FREE market analysis.

815-235-2111 or 815-616-5311.

Find Out More


What Is a VA Loan?

Today is Veteran’s day so I thought I would dedicate today’s column to all the Veterans out there and to explain one of the benefits of being a Veteran- the VA Guaranteed Loan Program. The program was started in 1944 as part of the Serviceman’s Readjustment Act or the G.I. Bill, as it became known, by President Franklin Roosevelt. The purpose was to help veterans returning from war re-establish credit, purchase housing and to stimulate the economy. Since its inception, the VA Guaranteed Loan Program has helped over 20 million veterans and their families purchase homes. There have been several changes to the program since it began but the goal has remained the same: to assist Veterans and their families in obtaining loans to purchase or re-finance their homes. VA loans can be used to purchase existing or new construction homes or to re-finance an existing mortgage. This loan program offers several important benefits over other traditional mortgages. Most notably is the opportunity to purchase a home with no down payment and no mortgage insurance. Typically a down payment of at least 3.5 % is required for most loan types. Some form of mortgage insurance is always required unless you have at least 20% to put down on a home. The VA also requires the property to meet certain requirements for it to qualify for this type of financing. The VA appraiser will make sure that the property is safe, sanitary and sound according to the VA loan requirements as well as making sure the property value is consistent with the loan amount. Who is eligible for the VA... read more

How Do You Know When to Accept an Offer?

When you put your house on the market you have high hopes of getting multiple full price offers the first day. Unfortunately for most sellers, that rarely happens. Average marketing time in Freeport for a single family home is about 7 months. So when you do get an offer how do you know if you should accept, counter or reject. You just got an offer so what do you do now? Your Realtor will help you go through the offer, show you the good and the bad elements and help you decide what the best way to proceed is. Sometimes the highest price offer isn’t necessarily the best option. It may not always be about price. Here are some other things you need to consider when looking at an offer on your home. How much earnest money is the buyer putting down? Earnest money is a sign of the buyer’s “good faith” and usually the more earnest money the buyer is offering to put down, the stronger the offer. What are the contingencies the buyer is requesting? Most offers contain some contingencies, or provisions that must be met in order for the purchase to go through. Typical contingencies are financing contingencies, appraisal contingencies, inspection contingencies and home sale contingencies. There are other contingencies the buyer may request as well but these are the most common. The more contingencies a buyer puts in an offer, the greater the likelihood of potential issues or the chances of a contingency not being satisfied. Some other things to consider are the kind of financing the buyer is looking to obtain and how much... read more

What Is An MLS?

The Multiple Listing Service, or MLS as it is commonly referred to, has been around as a concept since 1907. Originally, REALTORS® would get together and discuss properties they were trying to sell in the hopes that one of their colleagues had a buyer. In 1908 the organization that is now the National Association of REALTORS®, adopted the use of this system for all its members. So what exactly is an MLS? While it may appear that the MLS is a large national data base it is actually made up of many regional MLS’s. Each area has its own MLS with its own members that pay dues to belong. Members put their listings into the system allowing other members to access information about all property locally available. Anyone belonging to the MLS can access information for a buyer they are working with and search available listing that might be a good fit. Realtors also rely on the MLS to search for “comps” or comparable sales when pricing a new listing. Members have access to all local properties that have sold so they can have a database to help them price a property correctly for the local market. Appraisers and lenders can also join an MLS as an affiliate member and have access to the same information for use in their professions as well. Because you must be a licensed REALTOR® to be a member of the local MLS, home sellers are not allowed to post their home on the MLS. REALTORs® pay a fee to belong and that is part of the service they bring to a homeowner or... read more

Pin It on Pinterest