Spring Home Buying Frenzy? North Shore Real Estate

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North Shore Spring-time home buying is fast approaching. The normal spring home buying season is typically March, April, May and June. The main reason for this time-frame is because many take vacations during July and August. Spring 2017 on Chicago’s North Shore is forecasted to be one of the best home sale seasons on record; and with mortgage interest rates at relative lows, many are paying close attention to Chicago North Shore real estate outcomes.

Be ready to jump on the North Shore home you want. Don’t be too indecisive. Don’t try to sleep on it. When you find it, make an offer. Here are other tips to help you navigate The North Shore home buying spring season:

  • Get preapproved by a local North Shore lender. It could be a local bank or a local mortgage broker, but don’t try to compete with an online lender approval letter or an out-of-area mortgage lender letter. Offers that contain a local lender’s preapproval letter will probably get top billing.
  • Focus on the house, not the owner. Don’t get overwhelmed on whether the home is a foreclosure, a short sale or owned by a traditional North Shore seller. Concentrate on location, location, location, and look for homes that meet your basic requirements. If a market is dominated by foreclosures and short sales, those prices will be the norm among traditional sellers.
  • Hire a North Shore neighborhood specialist. All real estate is local. A real estate agent who specializes in the area where you want to buy will be a wealth of information for you. Not to mention, that agent will probably be well-known and respected among the area specialist listing realtors. Working with an agent other agents like is a plus for you.
  • Be prepared to pay list. Some buyers focus on how much the seller is asking instead of on how much the home is worth. Ask your agent to show you a CMA of comparable sales to determine actual value. You can’t compare values by other homes on the market because sellers can ask whatever they want. If you are getting the home you want at a price you can afford, whether you pay $1,000 more or less makes no difference in the overall outcome.
  • Give the seller something other buyers won’t. There are many terms contained in a purchase offer. Negotiation is not always all about price. You can give the seller a benefit to take your offer without actually waiving your rights. Ask your agent to make suggestions for you. It could be something as small as giving the sellers an extra day to move out.

If you are new to town, you might want to spend a few weekends before the home buying season starts and get to know the Chicago-North Shore area. Talk to people in the street and at restaurants. Visit several real estate offices and interview a few North Shore real estate agents. Use the Internet to do some research. Drive or better walk the neighborhoods you like the best at different times of the day and, if you can, on different days of the week, see if they would fit your lifestyle. If you have children, review the North Shore school districts, or research upcoming things to do or activities like North Shore summer camps and spring/summer classes for 2017.

You can also stop by our Coldwell Banker office for help, guidance and questions on buying a home, selling a home or overall North Shore market conditions.  We are located in Glencoe, Illinois 60022- 640 Vernon Ave. We look forward to assisting you. More info HERE

Top 8 Reasons to Buy or Sell in Winter 2017-North Shore Real Estate Trends

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Chances are, buyers looking for a Chicago North Shore home during the winter season are serious about buying and not simply shopping around. Showing off some of the home’s finer features isn’t easy covered in a potential blanket of snow, but there are a number of things sellers can do to attract buyers:

 1. Less competition. In the winter season, there are fewer homes on the market, so your home will have less competition. Encourage buyers by offering attractive pricing and incentives.

2. Interior focus. Providing photographs from the summer months is important, but now is the time to highlight the inside of your home. North Shore realtors know, furnished homes and those that are organized have more appeal, so make sure the beds are made, the furniture is well placed, and the counter tops and closets are clear of any clutter.

3. Exterior demands. Snow can alter the look of the overall property. Shovel and de-ice all paths and doorways. The driveway should be plowed, along with the sidewalks. Make sure that all outside lights and doorbells work. Consider more lights that could be installed to effectively highlight the best areas of the house.

4. Winter warmth. The colder months can create times at home enjoying family. You can stage your home to showcase winter warmth with such sights and smells as crackling fires, scented candles and eye catching, but tasteful wreaths to appeal to buyers and make them feel like your home could be their own. The key–don’t over do it though!

 FOR BUYERS

1. Lenders also usually have fewer loans to process and less paperwork to deal with (though this can change quickly if rates fluctuate). With lenders less hassled, you can expect a smoother process to get approved for a mortgage.

2. Winter may have fewer buyers in the market. Fewer buyers could mean less North Shore real estate property competition.

3. The winter season has fewer units on the market, and sellers tend to need to move from their property. You can use that to your advantage to get a favorable deal.

4.The negatives that turn off both buyers and sellers in winter can create a savvy real estate hunter’s dream. For the clued-in home buyer such negatives can lead to a real gem of a deal. The motto that could put some serious money in your pocket between now and spring, remember this: Imagine the future, and don’t let winter pull your strings! More INFO

For a view of homes available on the North Shore, or to get market status/housing reports, analysis, trends, or open house lists, feel free to stop by our North Shore Office at 640 Vernon Ave, Glencoe, Illinois.  Gloria Matlin works out of one of the Chicago North Shore’s top ranked realtor offices.  847-835-0236 or direct at 847-835-6058

www.gloriamatlin.com

Real Estate Resolutions in 2017-Chicago North Shore Real Estate

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When it comes to real estate, 2017 New Year’s resolutions may not immediately come to mind. But for prospective Chicago North Shore real estate sellers and/or buyers, this is the time as well as the year to generate ideas to put them on track for a change. Many times these ideas surface as a result of an oversight or misjudgment about the real estate market over the past 12 months.  The time to act is certainly NOW! Below are the top 4, 2017 resolutions to get you North Shore real estate market ready and prepared:

New Year’s Resolutions

 

Sellers: Resolve to Think of Your Home as a Commodity

Start clearing out old stuff now. If there are things deep in your closets that you don’t think you’ll use between January and the time you move, consider a storage locker or making space in the garage. Does your real estate agent suggest that the basement needs a paint job? Get some painting bids now. Have you always hated how the bathroom vanity takes up so much space? Consider changing it now so buyers will perceive your bathroom as bigger. This will also help you spread out the costs of home repairs and changes over several months.

Buyers: Resolve to Get Your Financial House in Order

Planning a home purchase takes time and effort, so you should consider meeting with a mortgage professional early in the year. Know your credit score and understand what your financial situation looks like from a lender’s perspective. If you have credit issues, identify what they are and the necessary steps to correct them. An experienced North Shore real estate agent can recommend local mortgage professional. Local is always important, because many real estate deals are made on relationships, and being able to meet face-to-face with your mortgage professional can be a big plus.

Sellers: Resolve to Understand Your Timing and Exit Strategy

One of the biggest stresses on a seller is trying to plan a purchase and a sale at the same time. Can you afford to close on the new home before selling? If so, for how long? Do you need to sell the property first? If so, will the potential sale price support a home purchase in the neighborhood you want to be in? If not, what other areas should you be looking in? Selling and buying at the same time brings up all kinds of questions. A seasoned North Shore Realtor should be able to guide you through these and other related matters with ease.

Are you relocating to the North Shore Area of Chicago? Uprooting yourself from your home is not easy. What if you have to go into short-term housing? How will you get that set up and how long would you need to commit for? If you can afford to purchase and then sell, do they need to happen quickly? Are there things you can be doing in your current home so that once your new home closes, you’ll be ready to list? It’s a lot to think about and plan for, and it helps to have a strategy in place well before you have to take action and use your North Shore real estate professional as a guide.

Buyers: Resolve to Start Feeling Out the North Shore Market Early

You may think you only need to go to open houses once you’re ready to buy. But in reality, a buyer needs a couple of months learning the market, understanding home values, the prices per neighborhood and the areas in general. Going to open houses in the neighborhoods where you want to buy will allow you to start feeling out the market.

Once you engage a North Shore agent, you may make several offers before you get into your dream home. Having your North Shore agent along for the ride will allow you to compare and contrast homes you’ve visited to the home you eventually buy. The homes you see and your experience feeling out the market will serve as the building blocks toward becoming an informed buyer and making your best offer.

Gloria Matlin….Committed to optimal, top performing, client focused real estate service, Gloria Matlin will strive to maintain her consummate dedication to North Shore real estate in 2017. Nationally and locally recognized as a high ranking, top performing luxury real estate resource, she is a trusted professional with over 30+ years of North Shore Realtor insight and experience. Look to her for help with relocation, downsizing, upsizing, buying, selling, investing, renting or to obtain additional detail on real estate data, reports, outcomes and/or history within the Chicago North Shore areas of Glencoe, Winnetka, Wilmette, Glenview, Deerfield, Northbrook, Lincolnshire, Lake Forest, and Highland Park. More information HERE and HERE on this dynamic real estate professional.

Home Staging During the Holidays: Chicago-North Shore Real Estate

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Don’t let the thought of selling your North Shore home during the winter months dampen your holiday spirit. Create a festive, buyer-friendly environment with these 7 seasonal staging must do’s.

1. Before you start untangling your tinsel, make sure your holiday collection matches your current indoor decor.

2. Too many trimmings can be distracting, but the right accessories can draw attention to your home’s best features. As an example, try hanging a few (no more than five) tasteful ornaments from your mantel to highlight an elegant fireplace.

3. Go light on the lights outside…Leave the giant inflatable snowman in storage this year. One man’s “merry” is another man’s “tacky,” so tone down any over the top light displays.

4.  If you decide on adding a tree make sure the wide base won’t overwhelm the floor space.

5. Crank up the Heat! Cold temps present the perfect opportunity to create an inviting environment for potential home-buyers. Buyers will be grateful for a place to escape from the cold.

6.Offer accessible tasty treats..this is a great way to get buyers to stick around and check out your home.

7. The less-is-more mantra of home staging may tempt you to go without holiday cheer this year. But a few subtle touches like a pine cone centerpiece,  or even an evergreen wreath can add warmth anyone will notice as soon as they come through the door….CONTINUED

Gloria Matlin and team member Zack Matlin pride themselves on being top real estate resources; with Gloria’s experience with everything North Shore Real Estate for over 25 years.  Market trends, reports, lists of homes for sale, homes for rent, and general North Shore housing information is available 24/7 at  www.gloriamatlin.com or www.coldwellbankeronline.com. You may also stop into the highly awarded Coldwell Banker Residential Real Estate office where Gloria Matlin calls home base – 640 Vernon Ave, Glencoe, IL; for additional assistance/guidance.

 

 

A Great Fall Guide For First Time Home Buyers – North Shore Real Estate

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Great tips for first time and even seasoned buyers looking to get back into the process this fall 2016 season. Investing in due diligence can save time and money in the long and short term. sellers-buyers

The average age for first-time home buyers in the U.S. is around 33, a relatively young age for such a big life choice. That said, buying your first home at any age can be a stressful and time-consuming experience.

Luckily, there are a few crucial pointers that will help make the journey to home-ownership a less bumpy ride. Here are just a few tips to get you on your way:

Use an experienced Realtor who knows the area and the market.

Your realtor can make or break your home buying experience. If you know where you want to live, try and get a realtor referral. Fifty four percent of buyers found their agent from a personal referral or had used an agent they’d worked with before, according to 2016 figures from the National Association of Realtors. So start by asking friends, family or friends of friends who live in your area of interest for recommendations.

A good realtor has knowledge of the area — a great time saver — and more important is his or her ability to listen and execute what you are looking for.  A good realtor will be in your corner until the closing — and, in some cases, beyond.

Make a short list of your non-negotiables.

Before you start seriously shopping, consider your lifestyle and values. What features would enhance your well-being? And what would make you miserable? From there, make a list of non-negotiables,– from location, to square footage, to amenities — that you must have in your future home. This will also help guide your realtor.

There is nothing better than knowing exactly what you want, but it’s hard to find everything in one property. The best way to gauge your options is to visit open houses in the area and get acquainted with the local market. Visit apartments that are both above and below your budget to see how values differ with features and location.

Draw up a hard budget and stick to it.

Let’s say you’re interested in a home, but you’re not sure it’s in your price range. That’s a problem. Before you start browsing, it’s crucial that you iron out important questions such as, what is the most you can afford? What is your ideal price range? To help you get started, use an online mortgage calculator to determine the maximum monthly payment you can afford based on the price of the home after you put down a down payment and over a 30-year-mortgage.

“Make sure your monthly budget considers the total mortgage and maintenance costs of a property..

If you fall in love with a house but the monthly payment is more than you can afford, when including all your other fixed expenses, it’s time to move on.

You can also enlist the help of your bank’s loan officer to help you arrive at a figure. He or she will be able to tell you how much the bank will lend you and at what interest rate. While this figure doesn’t necessarily equal what you can afford to pay for a home, it will give you an idea of the most you are able to pay. More information and tips HERE

Gloria Matlin and team member Zack Matlin,  both experienced North Shore Realtors, and consummate real estate professionals; top performing service oriented resource. Look to her for guidance on these and similar high ranking real estate tips for the North Shore region of Chicago this fall 2016 season.

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CB-2-Homebuyers-Guide-Roof

Being a first-time home buyer is exciting! There is also a lot of information to take in and digest all at once. Being a Realtor, the most valuable education I have received has come from home inspectors. I am able to spot common repairs and issues when I am showing homes to my clients. Thanks to Home Depot, now you can have an edge when viewing properties as the consumer.

Take a moment to check out this guide for first-time home buyers:

http://blog.coldwellbanker.com/the-ultimate-first-time-homebuyers-guide/

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Top 3 Perks to Buying a Home During Autumn-North Shore Real Estate

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Yes, it’s common to hear people talk about Chicago North Shore real estate trends, the cyclical nature of real estate is usually associated with autumn-home-john-loreauxfluctuating interest rates, changing incentive packages, and other economic factors. But were you aware that the real estate market is also influenced by the time of year, also known as the seasons?

A close second to spring, fall is the busiest North Shore real estate selling and buying time of the year. Although you can buy and sell houses at any time, the North Suburban Shores’ fall real estate market offers certain benefits to home buyers, including year-end tax breaks, pleasant weather conditions for moving, often a wider selection of houses, to name a few pluses.

To give you an idea of the home-buying advantages you can enjoy during the beautiful Chicago North Shore months, here is a more detailed look into the perks of buying a home during this time-frame:

1. Getting ahead of nature

Buying a house before the deep freeze of winter sets in is very appealing to most home buyers. Low temperatures and poor weather conditions may make moving a little more difficult. Furthermore, by wintertime most kids have settled into school, established friendships, and become involved in extra-curricular activities. By moving in early autumn, not only do you avoid interrupting your children’s schooling (or higher educational pursuits in the case of teen and adult family members), but you gain the added benefit of eluding the summer temps.

2. Important first time buyer tip

Given that fall is the second busiest season of the year for buying and selling houses, you may be tempted to put a bid on a home that is out of your price range for fear that another buyer will better your offer or snatch it before you. Carefully assess your financial situation ahead of time and before your feet hit the pavement, know what your ceiling is and stick to it like glue. Remember: Just as there are many fish in the sea, there are many houses in the real estate market now and certainly in the future.

 3. Year-end tax breaks to keep in mind

Come September and October, people are already starting to think about what year-end tax breaks they may be eligible for. Fortunately for homebuyers, owning a home can yield great dividends in tax returns. For example, both mortgage interest and property taxes are deductible from gross income. Furthermore, if you have prepaid some interest before the due date of your first payment and you close your loan before the year’s end, that amount will also be deducted. Don’t miss out on finding your dream house; it’s a good idea to examine the classified ads more often since the listings are updated more frequently. More info HERE

With top ranking results and personalized service no matter the season, Gloria Matlin is ahead of market trends and understands the benefits of selling, buying or both during this season. Over 2 decades of high sales/production results and exceptional client centered performance, Gloria Matlin is a consummate expert within the Chicago North Shore real estate profession.  She calls Glencoe’s Coldwell Banker Residential Real Estate office home-640 Vernon Avenue, 60022; in the center of the downtown district.

Home Highlight- 10 Crescent Drive in Glencoe

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Stunning Architecture,Premier East Location! …This Meticulous Weeping Brick Tudor, Near Beach, Town and Transportation is Truly A Wonderful Place To Call Home! Ready To Move in Elegant Residence – Click the images or video below for additional details:

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10 Crescent Drive in Glencoe for Sale – Click Image for Details

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10 Crescent Drive in Glencoe for Sale – Click Image for Details

Details Include Gleaming Hardwood Floors, Crown Moldings and Built-Ins. Updated Kitchen and Baths. Sun-room Overlooks The Beautiful Setting:

 

 

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