Top 3 Perks to Buying a Home During Autumn 2017-North Shore Real Estate

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Yes, it’s common to hear people talk about Chicago North Shore real estate trends for the fall season. 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 benefits.

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 along with partner Zack Matlin are ahead of market trends and understand 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….The center of the downtown district.

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Seasonal Advice-Buying a Home and Selecting a School-North Shore Real Estate

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On Chicago’s North Shore and around the nation it’s the time of year when families consider moving to get their children into a preferred school district. Statistics show that school-district boundaries do impact the buying decision for more than 60 percent of home buyers. In addition home buyers may be willing to pay more and give up certain “wants” for a home located in theirback to school district of choice. Some buyers are especially willing to give up access to shopping and nearby comforts, among other amenities, to reside within the school-district boundaries of their choice.

If you’re in the market for a new house during this time-frame it could mean more space, great neighborhoods and ideal schools. Follow these five tips to find your dream home near the area that fits your needs:

1. Make a list of questions for your Realtor. When you’re ready to tour the homes on your short list, be prepared with the questions that will help you make the best investment. Ask about things that matter specifically to you and your family but also what matters for the home’s future value. Your Realtor will be able to guide you to find the right home, in the right location, near the right school.

2. Know your family’s needs. Is your family growing? Is square footage the most important factor, or a large backyard? Make a list of exactly what you need in your family’s new home.

3. Review school information, an app can usually help. The Schools tab provides detailed information about the grades taught at each school, including the student-teacher ratio and the GreatSchools rating.

4. Look for parks and play areas in the map view. View your search results on a map and narrow results by homes that have a place for your kids to get the wiggles out. You can also look for other things that matter to you, like how far away it is from a baseball diamond. Draw your own search boundary with your finger, if a specific area really matters to you. More info HERE

As a relocation guide and top performing real estate professional for the Chicago North Suburban are for over 25 years, Gloria Matlin is known as a trusted resource. Let her high producing real estate methods and personable style speak for themselves. She prides herself on providing optimal service whether relocating, property investing, downsizing, luxury up-sizing, or simply needing assistance finding your first your dream home, Gloria Matlin is the consummate North Shore real estate professional and the right person for the job. She can be found in the downtown district of North Shore’s village of Glencoe – 640 Vernon Ave., 60022.

 

Top 4 Spring Prep Tips Before Listing: North Shore Real Estate

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Chicago North Shore real estate is well within the spring buying and selling season.  North Shore Realtors may often advise clients of four basic principles to get your home in top “list Springchecklistready” condition. Buyers and sellers alike are out right now (on-line and in-person) perusing real estate options on places like Zillow and Trulia. Using these tips can promote a competitive standing in the market and make buyers appreciate the thoughtful preparation by doing the following:

1. Clean and Organize. Eliminate any clutter and pack up your least-used items, such as large pictures or photos, out-of-season clothes, non-used kitchen items, toys, and exercise equipment. Store items off-site or in boxes neatly arranged in the garage or even the basement. Clean the windows, carpets, walls, flooring, lighting fixtures, and baseboards to make the house sparkle. Having a garage sale may even be an option if time permits.

2. Go crazy on the curb appeal. Spring and summer mean getting out and enjoying the weather. It also means every detail of the outside of your home is far more noticeable.  Just put yourself in a potential buyers shoes and stand outside of your home. As you approach the front door, what is your impression of the property? Do the lawn and bushes look neatly displayed? Is the address clearly visible from where you are? Are pretty flowers or plants framing the entrances? Is the walkway free from debris and impediments?

3. Collect needed replacement estimates. Do you have big-ticket items that are worn out, out dated, or will need to be replaced soon, such your roof or carpeting? Get estimates on how much it would cost to replace those things, even if you don’t plan to do it yourself. The figures will help buyers determine if they can afford the home, and will be a helpful guide for both parties when negotiations begin.

4. Know where to find your warranties. Collect the warranties, guarantees, and user manuals for the furnace, washer and dryer, dishwasher, and any other appliances or equipment that will remain with the house after it’s sold.

 

Now for May 2015-The North Shore-Chicago  Coldwell Banker Residential Brokerage office located at 640 Vernon Ave in Glencoe, Illinois-60022; is home  to Gloria Matlin and partner Zack Matlin. The office has been a high performing real estate resource for the North Shore area for well over 40 years.  Stop in today to discover how this elite team can assist with home buying, home selling, home rentals, market action reports, or just to get info on Chicago’s North Shore communities and things to do/places to go!

When Renting May Be the Better Option? – North Shore, Chicago Real Estate

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14160 Mettawa Woods Drive-RentalJustListed

Executive Rental Just Listed – 14160 Mettawa Woods Dr., Mettawa, Illinois (CLICK THE IMAGE FOR DETAILS)

Life creates lots of options and decisions to make. The choice between buying a home and renting is no different. Buying is considered to be among life’s biggest financial decisions that many make. But the costs of buying are more varied and complicated depending on life circumstances. For example,  needing to  relocate, a job change, or a need for temporary housing may be on the agenda. Below are some of the aspects to consider to further assess options regarding renting:

How Long Do You Plan to Stay?

Buying tends to be better the longer you stay because the upfront fees are spread out over many years.
Maintenance and Fees

Owning a home comes with a surprising variety of expenses that renters do not directly pay.
Rental Now Available in Downtown Evanston, Illinois - 1640 Maple Avenue (CLICK THE IMAGE FOR DETAILS)

Rental Now Available in Downtown Evanston, Illinois – 1640 Maple Avenue (CLICK THE IMAGE FOR DETAILS)

Additional Renting Costs

These are the costs on top of rent, such as the fee you pay to a broker and the opportunity cost on your security deposit. But these expenses typically have a negligible impact. More tips can be found HERE

March 2015 – With North Shore-Chicago sales exceeding well over $300 million dollars, Gloria Matlin, continues to be enthusiastic with each challenge that comes in our constantly changing real estate market. Technology plays a major role in providing exemplary service. Gloria embraces the newest tools and trends, keeping her ahead of the market and client centered 24 hours a day, seven days a week. Feel free to stop into the award-winning, top performing, North Shore residential real estate office of Coldwell Banker, Glencoe – 640 Vernon, Avenue; the office location Gloria has called home for over 25 years.

Real Estate Outcomes October2014: Chicago’s North Shore

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Prices

Monthly Market Update (Click to Play)

Monthly Market Update (Click to Play)

Confirmation of Late autumn ongoing North Shore Chicago progress…The Median Sales Price in October was up 15.1% from price-points in October of 2013 and up 5.7% from last month. The Average Sales Price in October was up 14.6% from market action reporting in October of 2013 and up 10.5% from last month. October 2014 ASP was at highest level compared to October 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 Seller’s market. The October 2014 Selling Price vs List Price of 95.6% was up from 95.3% last month and down from 95.8% in October of last year.

Property Sales

Chicago North Shore October Property sales were down -4.4% compared to market action reporting in October of 2013 and -5.7% lower than sales last month. October 2014 sales were at a mid-level compared to October of 2013 and 2012. October YTD sales totals are running -11.5% behind last year’s year-to-date sales final market outcomes.

Inventory & MSI

The Total Inventory of North Shore Properties available for sale as of October was down -7.6% from last month and up 15.2% from totals in October of last year. October 2014 Inventory was at a mid-range compared to October of 2013 and 2012.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The October 2014 MSI of 5.3 months was at a mid-range compared with October of 2013 and 2012.

OctMarketReport-2014-GM

Inventory / New Listings / Sales

The summary North Shore-Chicago view of the market combines monthly inventory of North Shore Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New North Shore Listings in October 2014 was down -24.6% from final totals reported last month and up 10.2% from final figures recorded in October of last year.

A steadfast, top producing, Chicago-North Shore real estate resource for over 25 years, Gloria Matlin is known as the consummate professional. Clients praise her and provide ongoing feedback on her sense of staying ahead of market outcomes, an extensive top performing background in marketing, invaluable North Shore community insight, and a high-ranking client focused desire to make North Shore real estate dreams a reality. Visit Gloria Matlin HERE and HERE to review testimonials and for an online introduction; or simply stop by her exceptional residential real estate office-Coldwell Banker, 640 Vernon Avenue in Glencoe, Illinois, 60022.

6 Creative Open House Ideas To Sell Your Home Fast

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With more than 25 years of North Shore top ranking, high producing real estate experience, a seasoned marketing strategist, a dedication to top tier real estate service, and ensuring that each and every client realizes their North Shore real estate dreams is what Gloria Matlin is known for. Her Coldwell Banker Residential Real Estate office is located at 640 Vernon Avenue, Glencoe, Illinois, 60022.

kathy mccarthy homes

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It’s easy to see the value of an open house—a designated time for real estate agents and prospective buyers to scope out your home while on a Sunday spree of house tours.

But if you’re worried about getting lost among the competition, creative open house ideas are a must if you want to make a sale.

There are some special strategies you can implement to set your home apart. REALTORs® and homeowners who think outside the box can increase the number of prospective buyers who see the home. And by using a bit of imagination to showcase the property’s best features, a home with unusual features has time to shine.

Creative Open House Ideas

Match your open house plan with the characteristics of your home. Here are a few ideas to spark creative thinking.

Address all five senses

While prospective buyers naturally use their eyes to look at your home, remember they can use their other senses to react to your residence.

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Real Estate Outcomes December2013: Chicago’s North Shore

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Dec2013Property Sales

Great beginning of the 2014 year news! Chicago North Shore December Property sales equal the same total sales volume results as listed in December of 2012 and 14.2% higher than sales market action reporting last month. December 2013 sales were at a mid-level compared to December of 2012 and 2011. December YTD sales of are running 21.7% ahead of last year’s year-to-date sales volume totals.

Prices

The Median North Shore Sales Price in December was up 32.0% in December of 2012 and down -0.7% from sales volume reported last month. The Average Sales Price in December was up 7.6% from final totals in December of 2012 and down -4.2% compared to market reporting last month. December 2013 ASP was at highest level compared to December of 2012 and 2011.

Inventory & MSI

The Total Chicago North Shore Inventory of Properties available for sale as of December was down -19.1% from last month and down -32.4% from totals calculated in December of last year. December 2013 Inventory was at the lowest level compared to December of 2012 and 2011. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The December 2013 MSI of 3.2 months was at its lowest level compared with December of 2012 and  2011.

Market Time

The average Northern Shore 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 December was 55, down -11.3% from 62 days last month and down -45.5% from 101 days in December of last year. The December 2013 DOM was at its lowest level compared with December of 2012 and 2011.

Selling Price vs Listing Price

The Chicago North Shore 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 North Shore Buyer’s market exists, a ratio at or above 100% indicates more of a  North Shore Seller’s market. The December 2013 Selling Price vs List Price of 95.7% was down from 96.0% last month and up from 93.3% in December of last year.

Inventory / New Listings / Sales

The view highlighted above of the North Shore real estate market combines monthly inventory of North Shore Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in December 2013 was 194, down -27.9% from last month and up 7.2% from total market action reports in December of last year.

With a new year brings the hope of prosperity, good health, and continued results. Gloria Matlin predicts a year filled with top performing, client centered, high ranking, and sincerely focused North Shore real estate outcomes. With over 30 years of trusted experience, she is a faithful Chicago North Shore buyer/seller advocate and accomplished, nationally recognized real estate professional.  Look to her for questions on this year’s proposed real estate expectations for 2014. Gloria calls Coldwell Banker’s Residential Real Estate office in Glencoe, Illinois, her business home-640 Vernon Avenue, 60022.

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