Price $249, 000 Taxes $4,682.41 Bedrooms: 3 Bathroom: 2.1 Neighborhood: Norridge Just listed!<span class=”value”> Almost 1800 sf on three floors of living space on wide lot. This home has been meticulously care for, just move right in! Hardwood floors in the living and dining room. Updated kitchen with oak cabinets, […]
Sellers
[@properties] Last month, the Federal Reserve implemented its second interest rate hike of the year and indicated there could be two more rate hikes to come in 2018. Understandably, the news created some buzz in the housing market as the Fed Funds Rate affects mortgage rates. While mortgage rates have […]
The State of Illinois has recently stopped distributing the mold disclosure form. The mold disclosure which was recently available for years through Illinois REALTORS® stopped providing these forms, after a legal review.
Spring is generally a hot season for home selling and buying. But just as there is more demand, there is also an increase in inventory and competition from others looking to sell their home as well.
Home buyers are looking for home offices to serve more than just a space to do work in.
For residential properties, inventory throughout the city is low, with sales and under contract properties on the rise. With all three categories, detached, attached and multi-units seeing a months supply of inventory at about three months, properties are moving off the market quickly as demand in key markets pick up. […]
The newest Cost versus Value report has just been released. Leading in the midrange projects in Chicago are steel entry doors, garage door replacements, deck additions and stone veneer accents. Leading upscale projects were wood window replacements, garage door replacements and siding replacement. Unlike what television may have us believe, […]
After a roller coaster of a year, I have been getting a lot of requests and questions about what to expect for this upcoming year. Is housing still worth it? The rules are continually changing, as we have all seen in the past few years. What was once a buyer’s […]
With the continued rising costs of rents in many Chicago neighborhood markets and suburban areas many are considering renting their homes in lieu of selling or adding to their real estate investment portfolio.
I like the movie Inception. Success rests in the ability of an architect – whether it’s making the target believe the world is real, or keeping projections running around in a maze. Near the beginning, there is a scene when Arthur and Cobb meet with Saito in his helicopter on […]
When the housing market declined a few years ago, many builders and investors left the market, either by choice or by consequence. But as with the current recovery, low inventory and pent up demand continues, builders and investors slowly returned.
Let’s say you were a conservative, responsible homebuyer back in 2006, and made what, by all accounts, would be considered a conservative, responsible down payment of 20%. Since then, the average home price across Chicagoland has fallen by more than 30%, according to conservative estimates. Conservatively, that means a lot […]
Chicago area real estate statistics for residential and commercial properties have been updated for the past twelve months ending in Oct 2011. https://realtyevolved.net/residential-commercial-distressed-chicago-real-estate/ Contracts written is up for both residential and commercial properties. Months supply of inventory is also lower, although for several property types the drop has been […]
The current environment may seem like a haven for home buyers looking to find their dream home. Rates are low. High inventory. Low demand. So why is the market still struggling national? 2.19 million homes were listed at the end of September. Down 20% from a year earlier, and the […]
News Regarding Forbearance from FTC Enforcement of some MARS Rules against Real Estate Professionals On July 15, 2011, the National Association of REALTORS® (NAR) issued a press release stating that the Federal Trade Commission (FTC) will not undertake enforcement actions against real estate professionals who assist distressed homeowners in their […]
It could be coincidence; it could be the sum of several factors. Maybe it is just my imagination… I was at the office tracking weekly market trends and activity on listings. It started with Memorial Day, and considering the gloomy news, warm weather it’d be hard not to find people […]
There has been a lot of uncertainty in the marketplace lately. In the news there are reports of recovering taking longer, recovery happening now and even announcements that home sales are up. So what are we to expect, or believe when it comes to the future of the housing market? […]
WSJ just published an article stating that the housing crash may have been more severe than what initial estimate show. The National Association of Realtors as well as CoreLogic (real-estate analytics firm) both have varying results from 2010. There are several reasons for the discrepancies. The 2010 Census didn’t include […]
With sustainable and energy efficiency becoming a popular trend in homes, many are looking to capitalize off this billion dollar industry, but not always truthfully. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
Selling during the holiday season? Follow the same set of rules to stage during the off-season. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
Holidays are a wonderful time of year. I myself enjoy the decorations, events and things that only come this time of year. Things can become challenging when planning for the holidays, entertaining in town guests and having your home on the market.
What is the difference between a traditional resale, short sale and foreclosure? There are only a few minor differences between them, but these differences could drastically alter the scenario, whether you’re a home buyer or seller. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
Even amidst the current debacle of robo-signers and foreclosures, many are still favoring short sales, even though they may be guilty of the same processes. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
Current sellers may benefit in the short-term from fewer foreclosures on the market, which account for large percentage of transactions currently. RealtyTrac estimates that distressed sales account for a third of the residential real estate market, and depressing home prices by about 26%. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
Sometimes it is difficult in determine a home’s history, which may not be apparent during a viewing or inspection. Especially when purchasing a property with no disclosures, a C.L.U.E. report can help give insight. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
Recent market information came out and we have captured the top spot for total volume, units sold and market time.
With increased inventory, sellers and their brokers can face difficulties in making properties stand out from the rest. Although some of the strategies have not changed, the reasons for and importance have. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
So are we in a “W” double dip, or slowdown in the recovery? Originally published at https://realtyevolved.net by Sherwin Sucaldito.
Luxury home buyers may find that locating their ideal home may be more difficult in the current economic environment. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
Crain’s today reported that sales similarly jumped 27.5% to 2,526, compared to 1,981 homes sold in June 2009, the 10th consecutive month of higher year-over-year sales for the city. There are future obstacles ahead though. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
Recently, there have been several instances of traditional resales being extremely overly aggressive in pricing but not being able to sell which begs the question why. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
The top five neighborhoods for condos, townhomes and coop living. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
The current trend for the top five single family neighborhoods in Chicago. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
With the job markets slowly recovering, and as previous home owners look to slow repair their credit, many are finding their way into the rentals markets. Many who have stayed with roommates or are no longer attracted into purchasing due to the expiration of the tax credit will also find their way back into the rental market. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
Sometimes it’s not just the data, but how it is interpreted which is essential to successful strategies. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
With the expiration of the tax credit, what does the future hold for real estate. Originally published at https://realtyevolved.net by Sherwin Sucaldito
Is selling your home different from Google’s Super Bowl ad campaign? Originally published at https://realtyevolved.net by Sherwin Sucaldito.
2009 was no doubt a difficult year for many. For most people, “foreclosure,” “short sale” and “distressed” were phrases heard every day. This is not just a bad market we’re in; it is THE market of today. This is something that won’t change overnight. Originally published at https://realtyevolved.net
A short sale scenario occurs prior to a property going into foreclosure, and is sometimes a more viable option as it may be more economically beneficial to sell the property for a minor loss rather than going into the foreclosure process. A short sale can occur even if Notice of Default has not been recorded. Originally published at https://realtyevolved.net.