Declining inventory continues to define the overall housing market in Illinois. REALTORS® downstate remain optimistic about the market as the calendar turns to summer. Watch the video, and visit http://www.illinoisrealtor.org/marketstats to learn more.
In the newest installment of our Legal Minutes video series, Betsy Urbance, Director of Legal Services at Illinois REALTORS®, takes you through the many legal and ethical issues REALTORS® face when representing a buyer in a multiple offer situation.
Click here, or on the picture to view the video (login required).
Click on the picture to watch Matt’s video, and then follow this link to learn more.
Digital cameras and online editing software have made it easier than ever to create your own videos, but you can’t rely on technology to do everything for you. You still need to know the basics of shooting good video. The article, “The Basics for Better Video” in the July issue of Illinois REALTOR® Magazine offers some simple tips to help you get started including:
- Look for the light. Turn on all the lights in the home for optimum light. When shooting outdoors, make sure the sun is behind you.
- Use an external microphone for better audio. If you don’t have a camera with an external microphone jack, consider recording your audio later or simply skip it and opt for images with music or no sound.
- Keep it short. Some say videos should last one to two minutes max to keep the attention of Internet surfers. Consider featuring two videos for your listing: a 30-second overview or “quick look” plus an option to view a longer video with more in-depth coverage.
- Keep your file size down. When shooting for the Web you’ll want to keep the file size down and a good way to do that is shoot close-ups of the subject and have as little background movement as possible. The file compresses to a smaller size when there is less movement in the video.
FIRST-TIME HOMEBUYERS who have not had interest in a principal residence for three years are still eligible, and the maximum amount remains the same – $8,000 (or $4,000 for married couples filing separately).
CURRENT HOMEOWNERS may be eligible to claim the homebuyer credit if they meet certain criteria and can show they owned their primary residence for a consecutive five-year period during the eight years ending on the date the new home is purchased. The long-time homeowner tax credit is up to $6,500 (or $3,250 for married couples filing separately)