For Buyers

This area provides information and education to buyers interested in foreclosure properties. In this section a buyer can choose between different topics. Buyer topics will be added as we go along.

Topics for Buyers:

Market Data by City

How to Buy a Foreclosure

Difference between a Short Sale and REO

Things to consider before buying a Foreclosure

Financing requirements for Buyers

Real Estate Riders to Foreclosure Contract

What does it mean “As-Is”

How much time does it take to buy a Foreclosure?


Make this House Your Next Home

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Learn How to Talk Like a Chicagoan…

In Chicago we teach our young how to say ” Chicago”                                       

 

 

 

 

 

 

Follow the link and you too can learn how to talk like a Chicagoan

 

 

 

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How Do I Get Rid of Those Ants?????

 

Question: How Do I Get Rid of Those Ants ?

 

Answer:   Get Yourself an Uncle…

 

 

Argentine Ants are invading our homes and have only one natural enemy and that is the Winter Ant.

It seems Winters Ants  are Just Like Uncles. Watch the Video

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10 Real Estate Skills You Should Look For In A Agent

people-skills-background-concept-19491001

 

 

 

 

 

 

 

 

Real Estate is a People Business and requires the agent to have the following  10 People Skills. your Agent should possess.  I believe these skills are important for both Sellers and Buyers and are what you should look for when selecting an agent to work with you.

 

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What Do You Look For When Searching For An Agent?

When you need to find someone to help you sell a home what are the qualities that are most important to you?

  • You want some who has experience with both selling and buying
  • You want someone who has knowledge about the real estate market
  • You want someone who will give you the best exposure

I could go on but these three seem to be the most common skills wanted by anyone who is looking for an agent. Yet every agent will tell you they are the most experienced, have the best knowledge and have the best technology to give your home the best exposure.

So the next question to ask is How can I tell the difference between them and are there any other qualities that are important to me? I would say the following qualities come up a close second.

  • You want someone who you like
  • You want someone who communicates well
  • You want someone who is flexible

I think the second tier of qualities follows some ones gut instincts and most people trust their gut when selecting an agent.

 

 

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Five Reasons to Buy in the Midwest

Buying A Home in the winter months offers some advantages if you live in the Midwest.

  1. Insulation: Buying a house in the winter will show you how well insulated the house is and you can see if there are potential gutter, or ice dam issues.

2.    Fewer Buyers: With fewer buyers looking during the    winter you have less competition.

3.     Motivated Sellers: It seems those who list their homes in the winter are a little more motivated to sell.

4.     Interest Deductions:  One of the best advantages to  home ownership is the ability to deduct interest payments on your taxes.

5.      Change of Seasons: Buying in the winter allows you the opportunity to experience your new home as the seasons change.

If You Are Thinking of Buying A Home  Call:

708-309 5334                                                                        phone

ILRES logo

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Millennials VS Boomers

 

millenials vs boomers

Boomers VS Milleniaials for Housing

Who is going to dominate the Housing Market? Will it be the

Baby Boomers or Millennials?

There are 77 Million Baby Boomers and 82 Million Millennials.

We have heard that many Millienials are consumed with too much student debt and more likely to rent vs buying in urban centers where they  can live close to where they work and public transportation.

In contrast there are 10,000 Baby Booomers retiring each day and most likely be downsizing and moving to urban centers or warmer climates or living in both location.

According to University's Joint Center of Housing those 55 and older account for 42% of the growth of urban renters. This posses a problem and challenge for the housing market. First who are those people buying the homes of these empty nester baby boomers? Second will there be enough rental units to support the demand of both Boomers and Millenials.

On the flipside I see many opportunities for future housing. Millenials who are saddled with too much debt need  more affordable housing.  There is a need for more Small spaces or apartment cooperatives to  serve the Millenials. Baby Boomers on the otherhand have disposable income and savings are willing to pay more for luxury rentals that have amenities.

 

   Wanted:Baby Boomer, Millenial, or Real Estate Inestors

Call 708-309-5334

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Micro Market Review: Year 2015

2015 is finally coming to a close and it’s time again to see how the year did in relation to 2014 statistics. The review is for a micro market review of Evanston and Wilmette Communities. Statistics are from all sales posted up to December 29, 2015 a couple of days before the end of the year.

I have included both Single Family and Attached closed statistics for each community.

Year 2014: Single Family

City # Closed Avg. Sold Price Avg. Days on Mkt. % Increase/ Decrease
Evanston 424 $525,432 71 0
Wilmette 368 $861,219 58 0

Year 2015: Single Family

City # Closed Avg. Sold Price Avg. Days on Mkt. % Increase/ Decrease
Evanston 485 $576,526 81 9%
Wilmette 358 $852,961 72 0

Summary:

All year agents were complaining about low inventory but in reality the number of homes sold was the same for single family homes for the past two years. Evanston prices actually increased 9% while Wilmette remained about the same. Wilmette’s average home prices however are much higher than Evanston. The average market time was also the same for the past two years.

 

Yr 2014: Attached

>

City # Closed Avg. Sold Price Avg. Days on Mkt. % Increase/ Decrease
Evanston 548 $260,949 89 0%
Wilmette 95 $335,373 114 0%

Year 2015 Attached

>

City # Closed Avg. Sold Price Avg. Days on Mkt. % Increase/ Decrease
Evanston 637 $258,292 92 0%
Wilmette 83 $341,445 109 1%

Summary:

Attached properties include both condo and townhouse sales.  Evanston has more attached homes than Wilmette. Inventory levels for Evanston were slightly better than Wilmette. However the  average sale price seems to be flat with no increase. Average days on market is also about the same.

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Independent vs Franchise Agent

Independent-Person-paper-dolls-Thought-Bubble

 

 

 

 

 

 

 

 

 

 

In a recent Inman article ” The shift toward Independent Brokerage” report the following:

  • There are more independent agents than agents working in national franchise companies
  • As the agent population grows more of them are deciding to work for independent brokerages vs  national franchise companies.
  • 97% of all independent agents say they would never consider moving to a national franchise company.

Why the shift to Independent brokerages?

  1.   there are no franchise fees
  2.   less beaurocracy and office politics
  3.  more flexibility to adapt to local markets
  4.  less value joining a national franchise

As an Independent Broker I find this information comforting because as an Independent I tell my clients you do not have to be big to be successful. You just have to rely on your skills and have confidence in yourself and give your clients good service.

Il Real Estate Specialists think your Special.

If you are looking to sell or buy a home in 2016 then please call

phone                708-309-5334

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Chicago River History

The flow of Chicago River was reversed by the Army Core of Engineers and is what created the beautiful lakefront and gorgeous homes in the North Sh

ore.

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708-309-5334


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