Mark Veit Real Estate

08/23/2026

https://www.hommati.com/3DTour-AerialVideo/132-S-Greenwood-Ave-Palatine-Il-60074--HPI77534125
$250,000 Ranch in Palatine. Close to downtown. New Roof, A/c & Furnace all within the last 5 years. Beautiful lot. Interior needs work, but with a full, unfinished basement, there is plenty of room for your vision to come to fruition. Showings start Monday August 24th at 10am.

132 S Greenwood Ave, Palatine, IL is 2 beds, 1 baths, 1029 Sq Ft, 0.26 Acres, built-in 1953 is an incredible home listed on Hommati for $250000. Download brochure now.

08/21/2026

Showings start Monday August 24th at 10am. $250,000 in Palatine. Roof 5 years old. A/C and Furnace 3 years old. Perfect for an Investor, Handyman or Handywoman, or downsize once rehabbed. Full, unfinished basement. Beautiful .25 acre lot close to downtown Palatine. Lots of possibilities! 847-630-6706 with any questions. Will go live this weekend with first showing times available Monday morning.

132 S Greenwood Ave, Palatine, IL is 2 beds, 1 baths, 1029 Sq Ft, 0.26 Acres, built-in 1953 is an incredible home listed on Hommati for $250000. Download brochure now.

08/10/2026

If you own a condo or are looking to purchase a condo, this is a must read! HUGE changes to the mortgage industry just took effect that are going to make it harder for buyers to get funding for condo buildings. (read link below)

It all has to do with the HOA and the financial health of the entire condo building.

Fannie Mae and Freddie Mac loans need to comply with the new, tighter underwriting guidelines. Lenders are requiring more financial information from your HOA and if your HOA isn't running the entire building up to these new guidelines, buyers won't be able to obtain a loan to purchase in your building. If buyers can't secure funding to purchase in your condo building, that means NO ONE in your building will be able sell their unit to anyone who needs a mortgage until these guidelines are met. That is a huge problem for the value of your condo.

This can be a dangerous cycle for anyone living in a condo building that doesn't have enough reserves or has other financial issues like; deferred maintenance, unresolved repairs, enough insurance coverage, etc.

In addition to the new, full review process that went into effect as of August 3rd, starting in 2027, condo reserve minimums are increasing from 10% to 15%!! I don't know many HOA's that have that extra money laying around, so how will they get it? They will most likely raise monthly HOA dues or hand out a special assessment, both of which will make your condo unattractive to potential buyers. Who wants to purchase a condo with an out of whack monthly HOA payment or knowing you are walking into a special assessment to make up for it?

The article below explains in detail, but to summarize, if you are living in a condo building with an HOA that you don't think is meeting the minimum requirements, it's of the utmost importance to bring this to their attention and immediately start addressing the issues.

Thanks for reading, sorry for the bad news, but this has been put in place to protect buyers from HOA's that are not being run properly. Unfortunately there are lots of HOA's out there that are not currently meeting the minimum requirements. Please let me know if you have any questions and I'll be happy to speak with you. Mark Veit 847-630-6706

New policies that apply to mortgages for condos take effect Aug. 3, and some experts are sounding the alarm that buyers may see delays or denials.

06/12/2026

Just Listed in Colony Point - 5091 Chambers Dr. Hoffman Estates - 3 Bed - 2.5 Bath - Walkout/Finished Basement - Extended Driveway - Tucked in Cul-de-Sac - Marion Jordan - Thomas Jefferson - Fremd High & So Much More! $475,000 - More Photos Available Here https://shorturl.at/bxOlH

05/08/2026

For Sale in Schaumburg - First Floor Manor Home
3 Bed - 2 Bath - 1,224 sq/ft.
52 Brookston Dr. Unit D1.
Vacant, move-in ready, updated. New roof in 2025.
MLS 12638780
Check comment for more pictures and info.

01/16/2026

https://shorturl.at/vsYZP
The government is purchasing $200 BILLION Mortgage Backed Securities (mbs) and mortgage rates have fallen this week...But for how long? No one knows for sure, but if you have been on the fence, waiting for a drop in rates, now could be your time.

As always, the one piece of advice I share most often with both home buyers and sellers is to know exactly where you stand at all times. This market swings fast and by knowing what your home is worth today or what you are pre-qualified to purchase gives you a leg up on your competition. Our team would be happy to help you get started. Text, call or email anytime.
847-630-6706 [email protected]
https://shorturl.at/F9SOU

The average rate on 30-year fixed home loans dropped to 6.06% for the week ending Jan. 15, the lowest level since September 2022.

01/15/2026

U.S. mortgages with 6% rates now outnumber sub-3% loans, shifting market dynamics as rates settle near 6%.

11/18/2025

https://www.realtor.com/news/trends/2026-housing-market-forecast-nar/
Encouraging news for both buyers and sellers in this article. If you are considering purchasing a home, it's time to get pre-approved. Reasons being, you want to know exactly where you stand with your purchasing power and make sure you don't have any "surprises" on your credit report that can delay your ability to purchase.
If you are considering selling your home, it's time for a full home valuation so you know exactly where you stand. It's time to tackle those little projects that can help your home show in its best light.
The GO Team at Keller Williams Thrive can help you and your family with all of this. Give us a call, text or email and let us help you position yourself the best way possible for the future.
Mark Veit
(847) 630-6706
[email protected]

NAR Chief Economist Lawrence Yun forecasts sales volume for existing homes will rise 14% next year after three years of stagnation.

10/21/2025

Local Coat Drive Wednesday November 5th at Durty Nellie's in Palatine from 5pm - 8pm. Join myself, Greg Olson and Christine Wallace - CrossCountry Mortgage as we collect coats and have some laughs. Everyone is welcome so bring a friend and a coat to donate.
We will also be giving away some great raffle prizes donated by many of our vendor partners. Click this link to enter the drawing. https://shorturl.at/8ntAJ You DO NOT need to be present to win.
Lastly, if you can't make the event, but have a coat to donate, I will be happy to come pick it up from wherever is convenient for you! Have a great day everyone and we look forward to seeing you November 5th!

Local Coat Drive Wednesday November 5th at Durty Nellie's in downtown Palatine from 5pm - 8pm. Everyone is welcome so bring a friend and a coat to donate. We are also giving away some amazing raffle prizes donated by several vendors we work with. Click the link below to enter! You DO NOT need to be present to win. https://shorturl.at/8ntAJ

10/01/2025

Attention Investors & DIY Enthusiasts - Coming Soon - Wadsworth - 5 Upstairs Bedrooms - 3.1 Bath - New Roof - New Furnace - New A/C - New Water Heater - Whole House 17kw Generac Generator - Full Unfinished Basement - Gurnee Schools - Inside Needs Cleaning and Updating - $375,000.
4171 Midlane Dr.
Wadsworth IL 60083
Text or Email Mark Veit
(847) 630-6706
[email protected]