Amy Klimavicius, Realtor

01/03/2025

Love spending the holidays with family and friends.⁣
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Raise your hand if you're still recovering from the sweets/ meats/ cheeses of the holidays. 🙋‍♀️⁣
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Wishing you a happy healthy new year!⁣

12/25/2024

🎄 Merry Christmas! 🎁⁣
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Wishing you and your family a holiday season filled with love, joy, and the comfort of home.

Thank you for trusting me to be part of your journey this year. Here’s to an amazing 2024! 🏡✨⁣
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10/16/2024

Perfect investment property! This charming home needs minor cosmetic work to get it ready for a potential renter; new flooring, interior/exterior paint, and minor repairs to the deck. Potential for a steady stream of income for years to come.

Charming 2-bedroom, 1.5-bath home located on a semi-private road. The second floor features a spacious primary bedroom with a full bathroom, while the main level offers a kitchen, living area, and half bath. The finished basement includes the second bedroom and a laundry room. The property is ready....

10/11/2024

POV: You started receiving offers on your home and your eyes jump straight to the price offered...

The truth is– that's just one piece of the whole package.

My job is to walk you through every line of the offer to ensure you're making the most informed decision.

Like the story in this post, there are other important terms to consider:

Things like:

SELLER CONCESSIONS → This is $ the buyer is asking you to cover for things like repairs, interest rate buy downs or buyer agent compensation.

CLOSING TIME → The longer the buyer takes to close, the more time and $ you’re paying to stay in your house.

DUE DILIGENCE → Reaching out to the lender to confirm the buyer's financial ability and the lender's professionalism (Trust me, this matters!)

REFUNDABLE VS. NON-REFUNDABLE DEPOSITS → This is a great indicator of how serious and committed the buyer is.

🫡 It's my duty to help you carefully consider the financial implications of the fine print and weigh them against the potential benefits of a faster sale or a higher priced offer.

10/09/2024

Around this time of year, I get asked if there's still "enough time" to get a home listed and sold before the end of the year.⁣
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Let's look at the data ⤵⁣
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🏠 Inventory levels are still low compared to historical averages and it's still expected to be a seller's market.⁣
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📉 The recent mortgage rate drop increases buyers’ purchasing power and will likely motivate buyers who've been waiting on the sidelines to enter the market.⁣
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💰The median home price in the U.S. sits around $430K but economic research suggests that, on average, home prices increase by 5 to 10 percentage points for every 1 percentage point decrease in interest rates.⁣
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Of course, local factors will have a big influence on these predictions.⁣
(FRED, Sept 2024)⁣
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Reach out to me with your location and neighborhood and we can assess if stepping into the market makes sense for you.⁣
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10/07/2024

POV: you're popping bubbly and decking the halls in your brand new home.

Think three months isn't enough time to find your dream home?

The good news: I've got a fast-track timeline to help you make the most of the 90 days you've got left of 2024.

Here's the game plan

OCTOBER:
• Secure a pre-approval letter ASAP. Understanding your budget and buying power will streamline your house hunt.
• Connect with an agent: A skilled agent will be your advocate and representative to guide you throughout the entire process.
• Research online listings and attend open houses. This will help you refine your priorities and prepare you to make an offer quickly.

NOVEMBER:
• Find your perfect match and be ready to pounce on it as soon as it hits the market.
• Make an offer. Give your highest and best first and ask for a quick closing date.
• Once your offer is accepted, schedule a thorough inspection the same day so you can uncover any potential issues.

DECEMBER:
• Close the deal and secure your keys. Pop the bubbly — you're a holiday homeowner!
• Lock in reliable movers to ensure a smooth transition into your new space. (I can recommend a great one!)
• Embrace the holiday spirit but keep decorating and meals simple this year. The best gift you can give yourself is time with loved ones in your new home!

Comment “90” and I’ll send you my complimentary value-packed guide. It covers everything you need to know about a speedy buying process.

Questions? Send me a DM - I'm here to be a resource for you!

10/03/2024

It's the spookiest season of all!⁣
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Swipe for your October New Lenox events calendar, a market update and a personalized bucket list.⁣
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10/01/2024

09/19/2024

The chief complaint I hear from first time buyers:⁣
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"I'm trying to save up for a down payment... but I'm already paying $1,500+ each month on rent!"⁣
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Sounds like a recipe for frustration and stagnation.⁣
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But there's a clever new mortgage program that \*actually\* makes homeownership within reach.⁣
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Meet: United Wholesale Mortgage⁣
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With UWM's 0% Down Purchase plan, borrows are eligible for $15,000 or 3% of the purchase price towards closing costs (whichever is less). That's $0 added to your monthly mortgage at 0% interest. ⁣
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Now let's look at a real example:⁣
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Let's say you're looking at a home with a $300,000 purchase price. You could borrow $9,000 (3% of the purchase price) on a no-interest loan for the down payment. ⁣
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Eyeing a home with a $500,000 price tag? That's where the full $15,000 in support comes into play. ⁣
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So who qualifies?⁣
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If you have a minimum credit score of 620, an income that is 80% or less of the Area Median Income (AMI), and are purchasing a primary residence (where you plan to live full-time), you may qualify.⁣
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Okay, so what's the catch?⁣
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UWM's down payment assistance is a loan, not a gift. ⁣
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Borrowers must repay it when refinancing or selling the home. While some low-income buyers qualify for a partial grant, most will owe the full amount.⁣
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Want to connect with a trusted lender who can walk you through your borrowing options? Send me a DM⁣
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09/18/2024

Back in December 2023, housing experts predicted a decline in interest rates by Q3 of 2024. Here's a comparison to see how those predictions panned out:⁣
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Predicted Rates (December 2023):⁣
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Mortgage Bankers Association: 6.1%⁣
National Association of Realtors: 6.3%⁣
Fannie Mae: 6.7%⁣
Actual Rates (August 2024):⁣
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Today's average 30-year fixed mortgage: 6.24 percent⁣
Interest rates are exactly what was originally anticipated. But growth in home prices have slowed, showing signs of stabilization in the market.⁣
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Here's the takeaway: ⁣
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Waiting for significantly lower rates will likely push prices up as more buyers enter the market.⁣
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In today's market, take advantage of:⁣
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Seller credits to reduce closing costs⁣
Mortgage rate buy downs to lower your monthly mortgage payment.⁣
Working with an experienced agent who will negotiate the most favorable terms for you.⁣
Send me a DM with questions - I'm here to be a resource!⁣
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Instant Reaction: Mortgage Rates, December 14, 2023 Economic Developments - December 2023 | Fannie Mae. Mortgage rates forecast: Expected trends for 2024⁣
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