April 10, 2018

What’s Happening in the Chicago Real Estate Market?

What’s happening in the Chicago real estate market this April? I’ll go over the latest market update for you today.

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Today I’m here with your April market update.

Inventory is still relatively low. Compared to last year, we’re down about 0.5% in terms of the number of homes for sale.

 


"The number of buyers in the market and homes under contract is down about 5%."


The number of contracts written (and buyer demand) is also down about 5% compared to this time last year. So although the inventory is still similar to the first quarter of 2017,
the number of buyers in the market and homes under contract is down about 5%.

 

If you have any questions about how that impacts your home search or home sale, just give me a call or send me an email. I would be happy to help you!

Posted in Real Estate
March 6, 2018

How does CPS measure school quality?

Do you know how schools are rated in terms of quality? Here’s what you need to know.

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A quality school is one wherein students are learning and will be ready for college or careers. CPS measures school quality with a tool called the School Quality Rating Policy (SQRP). This measures many different factors including: attendance, student academic growth, and student performance in terms of grades.

 


"CPS measures school quality with a tool called the School Quality Rating Policy (SQRP)."


Every year, all schools receive a level rating that determines their accountability status. There are five level ratings:

 

- Level 3: Far below average performance

- Level 2: Below average performance

- Level 2+: Average performance

- Level 1: Above average performance

- Level 1+: Far above average performance


To learn more, go to
www.cps.edu/sqrp. If you have any questions, feel free to reach out to me. I'd be glad to help.
Posted in Real Estate
Feb. 19, 2018

Chicago Real Estate Update for March 2018

How is our real estate market doing? Here’s the latest news you need to know.

Buying in the Chicago area? Click here to get a Full Home Search
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I’m back to give you another market update for Chicago. It’s early March and we have a very low supply of inventory. That’s the big story right now. Inventory is down about 5% from the same time last year, meaning there are fewer choices for buyers and less competition for sellers.

 


"Interest rates won’t stay this low."


Interest rates are relatively low right now as well, but they won’t be for long. There are rumblings of multiple interest rate increases throughout the year. However, with our inventory and interest rate, it’s a great time to get involved in the market.


If you have any questions for me or you’re looking to buy or sell a home anytime soon, don’t hesitate to reach out and give me a call or send me an email. I look forward to hearing from you soon.


Jan. 29, 2018

How Can You Win in a Multiple Offer Situation?

How can you make sure that your offer stands out in this competitive Chicago market? Buyer specialist Sam Cusentino has two key tips.

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How can you win in a multiple offer situation? Our buyer specialist Sam Cusentino has a few tips.

First, let’s get to know a few things about Sam.

“I was born and raised in Chicago’s Lincoln Park area. I went to grade school in Lincoln Park and Lakeview, high school in the Gold Coast area, and finished my college career in the South Loop,” says Sam.

Sam really knows the city.
“[My knowledge] helps my clients as far as finding the right neighborhoods, especially finding the right pocket within that neighborhood for their next home,” he says. Sam also knows up-and-coming areas that would be perfect for investors.



"Find out what’s important to the seller when writing your offer."


As the market heats up and gets more competitive, multiple offers tend to be more common. How do we make sure that our clients are the ones getting accepted?


It all comes down to structuring the offer correctly. First of all, we’ll find out what’s important to the seller. “Being on this team really helps out because we know the top listing agents in the city,” says Sam. “They’ll know that our offer and our client is the one to get it done.”


So, make sure your agent will find out what’s important to the seller. You should also work with a buyer specialist, like Sam, who will have a good relationship with the listing agent.


If you have any other questions about buying a home in this competitive market, just give us a call or send us an email. We would be happy to help you.


Posted in Buyer's Tips
Jan. 16, 2018

An Early Market Update for 2018

Now that we’ve entered the new year, what can we expect from the market?

Buying in the Chicago area? Click here to get a Full Home Search
Selling in the Chicago area? Get a FREE Home Price Evaluation


The new year is here, so today I want to bring you an update on what we’re seeing from the January 2018 market.

Ultimately, there are a lot of great conditions in our market for buyers and sellers alike.

Inventory is down 10% from this time last year and 30% from what we saw in the past few months.



"It’s a great time to buy or sell."



Additionally, interest rates are also still very low, sitting currently at about 4%. This means the cost of ownership is still low.

What does this all mean? Basically, it’s a great time to buy or sell. Even though we aren’t very far into 2018, the market is already showing great signs.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
Dec. 20, 2017

Happy Holidays From Our Family to Yours!

Have a Wonderful Holiday Season

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On behalf of our whole family, I wanted to say thank you so much for making us your real estate resource this year. We wish your whole family the happiest holiday season and a wonderful 2018.


"Wishing You a Happy Holiday."

    
Posted in 2017, Real Estate
Nov. 6, 2017

What to Expect From Chicago’s November Real Estate Market

Should you sell your Chicago home this November? I’ll address this question in my latest market update.

Buying in the Chicago area? Click here to get a Full Home Search
Selling in the Chicago area? Get a FREE Home Price Evaluation


Should you move now?

Well, the November market is actually a great move-up market, which means if you’re selling a smaller home to move to a larger one, this is a great time.

Why is that? The overall inventory is down compared to this time last year. If you’re looking to sell your home, there’s actually a pretty good chance you’ll be able to sell it right now.



"November is a great time to sell your home."


There is also a decent amount of activity from buyers in the market because a lot of people are trying to be settled in their new home by the holidays.

This market usually stays pretty good through Thanksgiving. Although, in areas like Roscoe Village, North Center, Lincoln Park, Lakeview, and Lincoln Square, we’re seeing lower inventory compared to this same time period last year.

If you have any questions about the market or anything else I can help with, please give me a call. 
   
Oct. 19, 2017

What’s Our Strategy for Finding Your Dream Home?

On our team, we help buyers find the right home at the right price by maximizing their efficiencies
and focusing only on the properties that are right for them.

Buying in the Chicago area? Click here to get a Full Home Search
Selling in the Chicago area? Get a FREE Home Price Evaluation


How do we help buyers find a great home?

It starts with buyer specialists like our very own Dan Strauss. Just as my responsibility as a listing agent is to help people sell their home, Dan’s sole responsibility is to find buyers the right home for them.

Dan has been inside thousands of homes inside the Chicagoland area—probably including the one you’re looking at this very moment—and he can direct you toward the right home after he’s sat down with you and discussed your needs and wants.

What makes us unique is we try to maximize everyone’s efficiencies. Just as the buyer agents and listing agents on our team have separate roles, we help our buyers focus only on the properties that are right for them. Rather than having you look at dozens of properties, Dan will narrow your search to five or six properties so both your time and his time can be maximized.



"A buyer specialist’s sole responsibility is to find you the right home."


Everyone nowadays has the ability to access the MLS online, but we also offer the ability to show you pocket listings, which are homes that haven’t even hit the market yet.

According to Dan, the market right now is perfect for buyers because the season is changing. As we get deeper into the fall and winter months, prices will continue to fall and give you much more buying power.

If you have any questions about how we go above and beyond to help our buyers find the right home or you’re thinking about buying a home in our Chicagoland market, please don’t hesitate to give us a call or send us an email. We’d love to speak with you.
   
Posted in 2017
Sept. 26, 2017

First Impressions are EVERYTHING. Don’t Let the Snow Ruin a Great Shot!

Outdoor photos of your home create an important first impression of your property for buyers. Today, I’d like to tell you why you should have your photos taken now before the seasons change.

Buying in the Chicago area? Click here to get a Full Home Search
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Today, I’d like to give you a brief explanation of why you should take your outdoor photos now before the snow falls.

First impressions are incredibly important, and photos of your home generally act in this role for buyers who start their search online. Today, that includes most buyers out there.

The first showing of your home now really happens online.
With this being the case, you want those photos to be as appealing as they can.

Consider the difference it will make if you take photos of your home during the summer while everything is still green and lush, as opposed to taking photos after snow has fallen and the skies are gray.


"Would you rather showcase your home in a dull, snowy landscape, or one that is fresh, vibrant, and green?"


Which would you rather use to showcase your home: a dull, snowy landscape, or one that is fresh, vibrant, and green?

If you contact me soon, I can have a professional photographer come and help you take your photos now before it’s too late in the year.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.  

Posted in Seller's Tips
Sept. 15, 2017

How Staging Can Boost Your Home Sale


Learn more about the ins and out of home staging with this video featuring Brook Furniture.  

Buying in the Chicago area? Click here to get a Full Home Search
Selling in the Chicago area? Get a FREE Home Price Evaluation

What are the benefits of staging your home when putting it on the market?

According to Maureen Longua of Brook Furniture Rental, it all boils down to what she calls “the big picture.” Buyers not only get a first impression of your home when they walk through its front door, but also—more importantly—when they view it online. A showing starts online, so how your home looks should elicit an emotional, excited reaction from potential buyers. By staging your home, you’re able to answer buyers’ questions of how to live in its space.

Brook Furniture Rental can stage both vacant and occupied homes. When staging an occupied home, Maureen typically does a walkthrough of it to determine what furniture should go and what should stay. If you want to live in your house while it’s on the market, they can provide you with furniture and accessories for that situation—all the furniture they provide is livable and rentable.


"When you stage a home, you usually get two to three times the return on your investment."


For vacant homes, the process is similar—Maureen meets with a client ahead of time to determine what the best fit is for the space inside the home while keeping within the client’s budget. Costs can vary, but staging a 2-bedroom, 2-bathroom condo will probably run you somewhere between $2,500 to $3,000, whereas a single-family home staging probably costs anywhere from $3,500 to $5,000.

When you stage a home, you usually get two to three times the return on your investment. Plus, it will help the home sell quicker. You might have to spend as much as $5,000, but that’s a lot better than losing out on $25,000 if you have to do a price reduction.

If you have any questions about staging your home or you have another real estate topic in mind you want to know more about, please don’t hesitate to get in contact with us. We’d be happy to assist you.

 

Posted in Seller's Tips