In today’s changing, and in some areas, improving real estate market, some of the recent home buying rules no longer apply. Chicago Agent Magazine highlights five mistakes homebuyers need to avoid now, including making the false assumption that sellers will take extremely low-ball offers or that they will work with buyers who demand unnecessary contingencies. Read the Chicago Agent article to learn more about the five mistakes.
In other news:
Renters Beware! Scammer using Craigslist to target renters. WAND-TV in Decatur talked to local REALTORS® who urged consumers to be cautious about online rental scams.
Fannie Mae names new CEO. Timothy Mayopoulos, who is currently the general counsel of Fannie Mae, has been tapped to be the next CEO of the mortgage giant. Get the details in the Pantagraph.