Did You Know?
Phoenix is a village in Cook County, Illinois. The population was 1,964 at the 2010 census. It is located approximately 19 miles (31 km) south of the Chicago Loop in the Chicagoland area.
The development of Phoenix is closely tied to its larger neighbor, Harvey. Harvey was established as an industrial city with no saloons. Many of its early factories were located between the Illinois Central Railroad and Harvey's eastern boundary at Halsted Street. One local businessman, William McLatchy, owned a large tract of land in an unincorporated area outside of Harvey. Soon, five saloons had opened in the area and a small housing subdivision known as Phenix Park was constructed during the 1890s. City leaders in Harvey, seeing businesses just outside their boundaries selling alcohol to local workers, sought to annex Phenix Park and render it "dry" or free of alcohol-related establishments. The residents of Phenix Park wanted to retain local control of their affairs as an independent village. On August 29, 1900, an election was held to determine the future status of the area. A total of 56 votes were cast with 38 (67.9%) voting in favor of incorporation and 18 (32.1%) against. Despite legal challenges from Harvey, the result was upheld.
Why Should You Choose IBA for Your Real Estate Education?
Get licensed however you learn best. If you enjoy learning at home, and are based in Phoenix, we have a format that suits you best. With a completely online option, you can complete your courses in the shortest possible time. Even though our classes are all online, we also offer a webinar method so you get the best of both options: Flexibility.IBA is a leading online school for aspiring Illinois real estate agents. Thousands of people in Chicago, Phoenix and other cities choose to become real estate agents and brokers by taking real estate courses.
We have online classes to make sure you study in your busy schedule. The 60 hour online self study broker pre-licensing course lets you learn at your own pace and complete the work on your schedule. You can trust IBA Education to provide the best education.
Get your real estate license online with the Illinois Broker Academy! We're a fully-accredited school with some of the best online real estate classes in the industry.We offer 100% Online Real Estate Courses and our courses are approved by IDFPR to be delivered in Phoenix - 100% Guaranteed. You can check IBA's approval status at IDFPR
What Types of Seller or Buyer Queries Do Phoenix Licensed Brokers and Realtors Handle?
How much money do you need in real estate?
Depending on the project, you may need as little as $500 to invest in a "fix-and-flip" single-family property, or you could easily invest $100,000 into a major office-to-residential rebuild project.
What is the goal of deed registration?
Deeds registration is a land management system whereby all important instruments which relate to the common law title to parcels of land are registered on a government-maintained register, to facilitate the transfer of title. The system had been used in some common law jurisdictions and continues to be used in some jurisdictions, including most of the United States.
It is being replaced by Torrens systems in many jurisdictions. Australia, Ireland, as well as most Canadian provinces, have converted from deeds registries to Torrens titles. Some Canadian provinces have never operated a deeds registry and have always used Torrens titles. Other Canadian provinces which have converted from a deeds registry to Torrens titles have operated both systems in conjunction until the Torrens system gradually superseded the deeds registry system, as was the case in Nova Scotia and New Brunswick during the 2000s. In the Canadian province of Ontario, electronic registration led to Ontario's version of Torrens title covering almost all land, but the past deeds registration still governs some issues. Hong Kong and the Canadian provinces of Quebec, Newfoundland and Labrador, and Prince Edward Island are the only provinces left that still operate a deeds registration system.
In contrast to the Torrens system in which basically the one who registered in a land registry as owner of a piece or parcel of land has an indefeasible title of the land, the deeds registration system is merely a registration of all important instruments related to that land. In order to establish one's title to the land, a person (or usually their purchaser's attorney) will ascertain, for example:
a.All the title documents have been properly executed.
b."A chain of title" is established, i.e. the proper ownerships from the granting of the land from the government to the current owner.
c.There are no encumbrances on the land that probably will harm the title of the land.
Do I need mortgage before buying a house?
The list price that you see online is wrapped up in one number, but the reality of buying a house comes with closing costs, a mortgage, and other considerations. Before you begin the searching process, apply for a pre-approved mortgage. This will give you an idea about how much you can afford and what you will have to pay in the next 15, 20, or 30 years. Plus, many sellers may require that buyers are already pre-approved for a mortgage. If you are fighting for the house of your dreams, you will need to do everything you can to get ahead.
Describe the parts of a deed.
A deed contains various paragraphs, wherein each paragraph is concerned with specific details or information in a comprehensive language. The key components of a deed are:
1.Heading of Document: It should mention the title of the deed.
2.Description of the deed title: The description of the deed title, which starts with the name of the deed and so the deed must contain the accurate title, i.e. "This Deed of Partnership" or "This Deed of Sale". Further, these words have to be written in block letters.
3.Date and place of execution: The execution date of the deed, follows the description of the deed title, which is relevant in a document, for the applicability of the law, maturity period, registration and transfer of title, etc.
4.Name and Description of the parties: Name and details such as age, address, etc. of all the parties and inter-parties, concerned should be stated in the document. At the time of describing the parties, the details of the transferor are stated prior to the details of the transferee. And if there is any confirming party, his/her details are to be mentioned after the details of the transferor.
5.Recitals: It includes the precise story of the property to the point, it is bestowed to the transferors. It must be kept in mind that the recital is simple and abridged.
6.Description of Property: Full description of the property needs to be provided in the document, presented for registration, as per the Registration Act. A complete description of the property is also important because it makes it easier to identify the property in the records of the Government and check if it is free from any charge.
7.Terms and Conditions: As the name suggests, terms and conditions specify the general and special arrangements, rules, requirements, specifications, etc.
8.Exceptions and Reservations: It implies the introduction of specific rights to be held by the transferor over the property to be agreed by the transferee.
9.Covenants and Undertakings: It alludes to the agreement under seal, by which the parties concerned, promises for the truth of the certain fact. It is written as 'úThe Parties aforementioned hereto hereby mutually agree with each other as follows:"
10.Signature of the Parties and Witness: After attestation, the signature of the parties and their witnesses needs to follow.
11.Annexure or Schedule: A deed is regarded as incomplete unless the particulars required by the registration law concerning the land or property are provided in the Schedule to be attached with the deed.
How do Realtors prepare for first meeting?
When you're looking to move, either by selling your home or buying a new one, one of the first steps involves meeting with a Realtor. Your agent in Phoenix will be the person who guides you through the process and acts as your lifeline throughout the buying or selling process. They will offer advice and work hard to put you in the best financial position possible.
During your first meeting with a Realtor, make sure you come prepared with the right questions to learn about the process. With a little preparation, you can both get off on the right foot and move forward with a clear idea of what the agent in Phoenix will do.
Here are a few things to expect (and do) during your first meeting with a Realtor
1.Be Prepared to Talk About Finances.
2.Discuss Your Must-Haves With a Property.
3.Create a List of Questions for the Realtor
4.Come Prepared to Listen.
5.Find a Realtor Who Meets Your Individual Needs.
How to use social media to sell homes?
Social media is a common way real estate agents sell homes. This is where potential buyers are looking to find houses, so having experience with these networks is essential. You can answer this question by talking about how you make sure all listings are online with thorough information. This way buyers have all the information they need to book a showing.
Example: "I use my website, Facebook and Instagram to sell my homes. To ensure the homes look beautiful online, I always hire professional photographers to take photos of the houses. Last month, one of my listings got 50 shares on Facebook and 30 comments on Instagram."
"In addition, I also invest in monthly social media ads that directly target my ideal homebuyer. I've found this marketing strategy has increased my sales by 10% over the past nine months."