13 Things To Avoid When Selling Your Home

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glo360:

The time is NOW…The Chicago North Shore Real Estate market is off to a HOT, spring 2014 start! Feel free to RE for questions on this and similar North Shore real estate topics. Let Gloria Matlin, a seasoned North Shore real estate professional of 25+ years be your top producing, top performing, and high ranking Realtor guide this season. Stop into the Glencoe residential real estate office-Coldwell Banker-640-Vernon Avenue, 60022; for optimal service.

Originally posted on Sibcy Cline News:

13Tips

When preparing your home to sell, you need to spend time and effort to get your home staged and updated to appeal to buyers. You want your home to stand out and shine among all other homes for sale.

Here are 13 mistakes to avoid when listing your home ready to sell:

1. Clinging to Clutter 
We know you love your stuff. It has meaning to you. Buyers, however, will not appreciate your things. Clutter makes it difficult for buyers to imagine their things in your home. You need to either throw things away, sell them or store items away offsite while your home is on the market.

2. Not Upping Your Homes Value with Updates
We are not talking about tackling major home projects, but updates such as a new backsplash in the kitchen, replacing faucets or light fixtures or simply repainting a room or two can add more appeal to your home.

3. You Have Blocked Light and…

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Real Estate Outcomes March2014: Chicago’s North Shore

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MarchReport-2014Prices

The Median North Shore Chicago Spring real estate sales price in March was up 25.3% compared to market action reporting totals in March of 2013 and up 4.0% from last month. The Average Sales Price in March was up 20.0% from final totals calculated in March of 2013 and up 15.9% from last month. March 2014 ASP was at highest level compared to March of 2013 and 2012.

Property Sales

March Chicago North Shore property sales were down -12.1% from figures calculated in March of 2013 and 30.4% higher than real estate sales totals last month. March 2014 sales were at their lowest level compared to March of 2013 and 2012. March YTD sales of 560 are running -3.9% behind last year’s year-to-date sales volumes.

Inventory & MSI

The Total North Shore Inventory of Properties available for sale as of March was up 3.3% compared to market action totals last month and down -17.7% from figures produced in March of last year. March 2014 Inventory was at the lowest level compared to March of 2013 and 2012. A comparatively lower MSI is more beneficial for North Shore sellers while a higher MSI is better for North Shore buyers. The March 2014 MSI of 4.9 months was at its lowest level compared with March of 2013 and 2012.

Market Time

The average Chicago North Shore Days on Market (DOM) shows how many days the average North Shore real estate 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 March was down -5.9% from 68 days last month and down -40.2% from 107 days in March of last year. The March 2014 DOM was at its lowest level compared with March of 2013 and 2012.

Inventory / New Listings / Sales

The summary view above of the North Shore market combines monthly inventory of Properties for sale along with New North Shore 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 March 2014 was up 23.6% from final market action figures produced last month and up 8.6% from totals in March of last year.

Award winning service, a reputation for top producing, high ranking, sincere and client centered results for over 25 years; Gloria Matlin is the real estate professional that can  make  your Chicago North Shore real estate dreams a reality! Look to her for in-depth detail on this and similar real estate outcomes, forecasts, summaries, comparable reporting, or even basic information on places to go and things to do in or near the North Shore communities of Chicago.  Gloria can be found in the top performing Coldwell Banker Residential Real Estate office-640 Vernon Avenue in downtown Glencoe, Illinois, 60022.

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

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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…

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Glencoe-North Shore Market Trends: Update March-April2014

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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

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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

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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

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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.

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