How To Put Your Best Foot Forward When It Comes Time To Sell Your Home

Leave a comment

glo360:

A hot Chicago North Shore real estate topic this season; as the market continues to surge. Having a trusted, top producing, high ranking, top performing Realtor professional can be an essential tool in addition to the aspects outlined above. Gloria Matlin has been serving the North Shore communities of Chicago for over 25 years. Let her help you realize your real estate dreams this 2014 spring season. Gloria is based at 640 Vernon Avenue, the downtown district of Glencoe, Illinois, 60022.

Originally posted on Tri-Valley Real Estate Buzz:

The traditionally busy spring home buying season is rapidly approaching. Over the past year, we’ve enjoyed a strong housing market – one that featured more buyers than sellers in some communities. In fact, there just aren’t enough good listings to go around and this could be an excellent time to consider selling your property.

But even in a “seller’s market” like this, some properties sell faster than others. Have you ever wondered why one home sells almost immediately and another one down the road sits on the market for months?

There are several key reasons why some homes languish on the market, including price, condition, and other variables. My hope is that this list will help you put your best foot forward when it comes time to sell your home:

  • The price is too high. Setting the appropriate price for a home is always more difficult for a homeowner, who…

View original 515 more words

Glencoe-North Shore Market Trends: Update March-April2014

Leave a comment

Spring welcome’s Chicago North Shore real estate gains. Median prices increased 6.9% state wide, while home sales decreased 6.2% over previous-year market action levels reported in February according to the Illinois Association of REALTORS®.

The beginning of this year was profoundly affected by inclement weather conditions. Despite this fact, home prices saw a notable increase. Chicago North Shore Market Times were down 29.4% to 116 days. In addition, absorption rates improved as Month’s Supply of Inventory was down 29.9%. Rates remain attractive as the monthly average commitment rate for a 30-year, fixed-rate mortgage for the North Central region was 4.32 percent in February 2014, down from 4.46 percent in January, according to the Federal Home Loan Mortgage Corp. An ideal assortment of market status indicators that are proving ideal for North Shore sellers and buyers alike; this spring should reflect buyers ready to release pent up action and a readiness to move as homes come on the market. An uptick in median pricing historically indicates a strong market that will continue to rise. Information and supporting image provided by the North Shore Barrington Association of Realtors and Midwest Real Estate Data, LLC (click to enlarge):

MarketStatus-NS-March2014

 

Forty (40) of 102 counties in Illinois showed annual home sales increases in February 2014. Forty-seven (47) counties showed year-over-year median price increases including North Shore Cook, up 15.5%.

Sales and price information is generated by Multiple Listing Service closed sales reported by 30 participating Illinois REALTOR® local boards and associations including Midwest Real Estate Data LLC data as of March 7, 2014 for the period Feb. 1 through Feb. 28, 2014 and continuing into March and April 2014. The Chicago PMSA, as defined by the U.S. Census Bureau, includes the counties of Cook, DeKalb, DuPage, Grundy, Kane, Kendall, Lake, McHenry and Will.

The Illinois Association of REALTORS® is a voluntary trade association whose 41,000 members are engaged in all facets of the real estate industry. In addition to serving the professional needs of its members, the Illinois Association of REALTORS®.Find Illinois housing stats, data and the University of Illinois REAL forecast atwww.illinoisrealtor.org/marketstats.

For information and in-depth assistance on this and similar North Shore real estate market action reporting, feel free to visit the North Shore’s top ranking residential real estate office of Glencoe, Illinois-Coldwell Banker-640 Vernon Avenue, 60022. Gloria Matlin has called the Northern Shores of Chicago home base for over 25 years.  Let her high producing, top performing client centered experience guide you through the Chicago North Shore real estate process with ease.

 

Top Ideas for Spring Break 2014: North Shore-Chicago Real Estate

Leave a comment

With warmer weather and vacation time close at hand the specific focus on North Shore real estate shifts slightly to subjects like places to go, places to stay, traveling abroad, and things to do for spring break 2014! Some will start looking at destination clubs or FirstDayOfSpringspecific places to visit; others will embrace a “staycation” concept and explore all that Chicago’s North Shore has to offer. Provided below are options to satisfy everyone this year:

Staycation-North Shore/Chicago, Illinois Style!

North Shore Events/Restaurants

Top Things to do Around Illinois/Chicago

One day deals

 

Top Destination Clubs & Travel!

Recommended club locations

Travel for students

Travel for families

Our Chicago North Shore Coldwell Banker office located in downtown Glencoe, Illinois-60022, can provide help with local vacation homes for rent, homes for sale, local North Shore directions, maps, events happening for spring break, places to visit, or simply just to recommend places to dine around the North Shore communities.  Our 46+ years of optimal neighborhood service can be put to use to help plan and sustain a wonderful spring break for 2014.  We look forward to assisting/seeing you. Have a fun and fantastic Spring Break. Enjoy!

Real Estate Outcomes February2014: Chicago’s North Shore

Leave a comment

Feb Market Action-2014Prices

More Spring ready  Chicago real estate surges…The Median Sales Price in February was up 17.6% based on market action reporting in February of 2013 and down -8.5% from totals last month. The Average Sales Price in February was up 11.2% compared to February of 2013 and down -19.4% based on figures calculated last month. February 2014 ASP was at highest level compared to February of 2013 and 2012.

Property Sales

Chicago North Shore February Property sales were down -12.0% from market action reporting in February of 2013 and -18.7% lower than the sales figures last month. February 2014 sales were at a mid-level compared to February of 2013 and 2012. February YTD sales of 359 are running 0.8% ahead of last year’s year-to-date sales totals.

Inventory & MSI

The Total North Shore Inventory of Properties available for sale as of February was up 3.3% from last month and down -27.6% compared to February of last year. February 2014 Inventory was at the lowest level compared to February of 2013 and 2012.

 Market Time

The average North Shore-Chicago Days on Market (DOM) shows how many days the average North Shore Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a North Shore Buyer’s market, a downward trend a move towards more of a North Shore Seller’s market. The DOM for February was 67, up 4.7% from 64 days last month and down -34.3% from 102 days in February of last year. The February 2014 DOM was at its lowest level compared with February of 2013 and 2012.

 Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that North Shore Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a North Shore Seller’s market. The February 2014 Selling Price vs List Price of 97.0% was up from 95.0% last month and up from 94.6% in February of last year

 Inventory / New Listings / Sales

The view above summarizes the North Shore-Chicago market combining monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the North Shore market as well as the relationship between these items. The number of New Listings in February 2014 was up 21.4% from last month and down -10.6% from sales volumes calculated in February of last year.

Spring is HERE!  The North Shore real estate market shows no sign of slowing. Now is the perfect time to contact North Shore’s consummate Realtor professional. With over 25 years of award-winning, top performing, high-ranking, high producing real estate accomplishments, Gloria Matlin prides herself on being an invaluable client resource.  Let her help you make your North Shore real estate dreams come true!  Gloria Matlin can be found in the top-tier Coldwell Banker Residential Real Estate office of Glencoe, Illinois-640 Vernon Avenue, 60022.

 

5 Reasons to Buy or Sell in the Spring-North Shore Real Estate

2 Comments

It is no surprise that a fresh start at the beginning of the spring season for some means they are ready to put their Chicago- North SpringisComingShore house on the market and/or start looking for a new Chicago-North Suburban place to call home.

Spring is commonly the time when everyone awakens from the routine of winter and are often motivated to start something new.  Below are the top 4 reasons plus 1 tip on why spring can be an ideal time to get moving on buying, selling or both on the North Shore of Chicago:

1. A house on the market at the beginning of spring sets you up for a perfect timeline to move over the summer! The weather is most likely to cooperate with you during this time. A summer move is also ideal for those who have families where it is better not to disrupt the children during the school year – especially if you’re relocating and changing school districts; this will allow them to have a fresh start at the beginning of a brand new school year.

2. Uptick in traffic at open houses means increased probability of a sale. With milder weather, people are even more motivated to venture outside.

3. Houses look more appealing in the sunlight with nice curb enhanced greenery and/or flowers out front. Curb appeal is important year round. The spring shines a light on a home’s appearance literally and figuratively. It’s a little easier to make repairs to a home when the weather is mild. Spring is the time to finally stop putting off the little projects that have been building up through the winter. Fix that broken step banister put a fresh coat of paint on that chipped garage door, it can make the difference and have bearing on a buyer the moment they cross the threshold.

4. Take the fix-up projects a step further….There is certainly no better time to de-clutter than with the windows open for the first time after winter…can you say spring cleaning! Deciding to sell might be that extra push you need to finally get rid of those old clothes or an over abundance of toys. More tips and guides HERE and HERE

IMPORTANT TIP:

Enlist a knowledgeable Chicago North Suburban real estate professional. As a North Shore resident for over 30 years, Gloria Matlin has kept an accurate pulse on the North Shore real estate market and knows the North Shore communities.  With over 25 years of stellar, top producing  experience, let her be your guide, and make your real estate dreams a reality for Spring 2014. Stop into her high-ranking Coldwell Banker Residential Real Estate office, located at 640 Vernon Avenue in downtown Glencoe, Illinois historical district-60022-for additional information and optimal attention/service.

Glencoe-North Shore Market Trends: Update February-March2014

Leave a comment

It was cold, but things are still warming up…Chicago North Shore real estate inventory levels in January dipped 7.5 percent compared to last year, but median home prices climbed 9.6 percent over previous-year levels, according to recent market action reporting from the Illinois Association of REALTORS®.

The severe Midwestern temperatures affected seasonal trends in January. In spite of old man winter, and a slight dip in buyer traffic, prices remained competitive, with robust indications that Chicago North Shore real estate will continue to show strength as we enter into the spring season. As an example, North Shore Listings under Contract were up 2.8 percent to 506. Inventory levels shrank 24.7 percent to 2,184 units. Prices marched higher. The Median Sales Price increased 28.6%. Market Times were down 34.7 percent to 107 days. This is the time to reassess real estate situations.  Getting a fresh comparative market analysis might be ideal at this point in time. Interest rates remain appealing and should remain at lower levels but are expected to creep higher in 2014. Information provided and supported by the North Shore Barrington Association of Realtors and Midwest Real Estate Data, LLC. See the supporting image below (click to enlarge):

January-MarketStatus-2014

The monthly average commitment rate for a 30-year, fixed-rate mortgage for the North Central-North Shore region was 4.46 percent in January 2014, down from 4.48 percent in December, according to the Federal Home Loan Mortgage Corp. In January 2013 it averaged 3.40 percent.

Thirty (30) of 102 counties in Illinois showed annual home sales increases in the month of January 2014. Forty-three (43) counties showed year-over-year median price increases including Northern Shore Cook, up 19.4 percent. Chicago North Shore investor opportunities and first-time homebuyers are still finding attractive deals in a market that we might not see again for many years.

Sales and price information is generated by Multiple Listing Service closed sales reported by 30 participating Illinois REALTOR® local boards and associations including Midwest Real Estate Data LLC data as of Feb. 7, 2014 for the period Jan. 1 through Jan. 31, 2014 and will continue into March of 2014.. The Chicago PMSA, as defined by the U.S. Census Bureau, includes the counties of Cook, DeKalb, DuPage, Grundy, Kane, Kendall, Lake, McHenry and Will.

Find Illinois housing stats, data and the University of Illinois REAL forecast atwww.illinoisrealtor.org/marketstats.

Think Spring!  Now may be one of the best times in history to buy, sell and/or invest in real estate on Chicago’s North Shore. Having an experienced, top producing, top performing high ranking, real estate professional as your resource is paramount to finding the right North Shore fit.  Are you relocating to the North Shore of Chicago this spring season?  Gloria Matlin has been a relocation expert for well over 30 years. Her insight and accurate pulse on the market will make it easier to focus on where you’re going not where you’ve been. Gloria Matlin’s home office is located at 640 Vernon Avenue, in the heart of the historic downtown village district of Glencoe, Illinois 60022.

What Is A Mortgage Pre-Approval?

Leave a comment

glo360:

Here to be your Chicago North Shore real estate guide, Gloria Matlin can provide unparalleled real estate service to first time buyers, seasoned investors, or those wanting to gain more knowledge about the ever changing but productive North Shore Chicago real estate market. With over 30 years of client centered, top producing North Shore Realtor success, Gloria Matlin has an accurate and keen pulse on real estate conditions on the Northern Shores of Chicago. She can be found in her high producing, nationally top ranking Coldwell Banker residential real estate office of Glencoe, Illinois-640 Vernon Ave., 60022.

Originally posted on Andy Horn Real Estate Blog:

When you are purchasing a home, your broker may recommend you obtain a mortgage pre-approval before you find the home of your dreams. There are some benefits to being pre-approved before you find a home, but oftentimes, people confuse pre-qualifications with pre-approvals. So the question many buyers have is what exactly is a mortgage pre-approval? In a nutshell, it’s when the lender provides you (the buyer) with a letter stating that your mortgage will be granted up to a specific dollar amount. What Do I Need For Pre-Approval? In order to obtain a pre-approval for your home purchase, you will have to provide your lender all of the same information you would need to show for qualifying for a mortgage. This means providing tax returns, bank statements and other documents that prove your net worth, how much you have saved for your down payment and your current obligations. What Conditions…

View original 15 more words

Older Entries

Follow

Get every new post delivered to your Inbox.

Join 722 other followers