New Generation of Real Estate-See Top 2017 Changes-Chicago North Shore Real Estate

Leave a comment

A lesson just in time for back-to-school….Ever changing and evolving technology, the flow of information, the global economy and a shift in societal structures have altered the real estate landscape on Chicago’s North Shore and around the world, forever. Times have changed since the real estate boom of the early 2000’s. This isn’t our parents’ real estate market. And some of the strategies that were put to use in the ‘80s and 90’s, if implemented today, would cause financial harm or result in missed opportunities — or both. Before venturing into the vast world of North Shore real estate, contact a trusted North Shore real estate professional. In addition, here are five tips to consider as you explore North Shore buying or selling in this current and next generation of North Shore real estate:

1. Technology speeds things up: But don’t rush a real estate purchase

Not unlike most industries, technology and the Internet have sped up the processes of looking for, transacting or selling a North Shore home. A great new listing could hit a buyer via a text from their agent, an email alert from the local MLS, a notification from Zillow on a mobile device and maybe even an old-fashioned phone call from the buyer’s agent. The actual real estate transaction process has been sped up as well. Clients can sign contracts or review property inspection reports and disclosures on a mobile device during their beach vacation. Even so, no matter how quickly we move or how much technology can make our world efficient today, buying or selling a home should never be rushed.

2. The real estate agent’s role has shifted: But a good agent still matters

Before the Internet and online listings, some people believed the real estate agent’s only value was to provide access to the listings. It’s always been a highly emotional and financial decision, and a good, experienced, local North Shore agent likely did more than just open doors in the 1980s. Today, an additional part of the agent’s role is to make sense of the information. Data alone is meaningless without color. A good local North Shore agent, living and breathing their market, will add more value than ever. Finally, in many parts of the country, where attorneys are not involved in real estate transactions, the agent is the center of the transaction. Don’t settle. If you are not impressed with your agent, find another. The right agent can make all the difference.

3. Often a seller-beware culture today: Do your homework

Search is in the DNA of millennial or Gen Y buyers today. They simply won’t take anyone’s word for anything. They will search, research and double-check everything. A smart seller today needs to be armed and get one step ahead of the buyer. Today’s buyers have much more at their disposal, and so it’s the seller who needs to beware. Not knowing what the buyers are seeing or staying one step ahead of them can affect your bottom line when going on the market today. Leverage today’s resources and technology and think like a buyer before going on the market. Once you go live, there’s no turning back. If you aren’t completely ready to sell, don’t list.

4. We have evolved: Owning might not be for everyone

The typical home buyers of last generation got married in their early 20s, moved to a single-family home in the suburbs, got a 30-year fixed mortgage and planned to pay it off. Buying a home happened once, maybe twice in a lifetime.

It’s no longer standard practice to live in your hometown after high school or college. In fact, it’s more common for today’s professional to take a job in Denver, Dallas or even Dubai. Additionally, that stable long-term job, with access to a pension after retirement, has all but evaporated. Buyers change jobs more often than ever. The flexibility granted by renting has provided a different picture of today’s American Dream for many.

5. Know all of the loan options available today: Choose carefully

Access to dozens of loan products didn’t exist just 15 years ago. Banks have developed new products to evolve with the times. The acceptance and use of some of those products, for some people, led to a steady stream of foreclosures years later. When I bought my first home, my father suggested I get a 30-year fixed mortgage. I thought he was crazy. I didn’t know what I’d be up to in five years, much less 30. A buyer today needs to spend some time researching loan options and consider them in the context of their personal situation. Work closely with a good local mortgage professional to help decide which type of loan makes sense for you – now and in the future.

Special Tip: It’s emotional — and that’s not likely to change

No matter the decade, the changes in consumer behaviors, or the type of home, real estate transactions will always be more personal than any other. Add to this the changes in technology and the access to information, and it’s easy to lose sight of what’s important. Unlike buying a new flat-screen TV or selling a used car online, buying or selling a home will always be an emotional purchase. A home is where people have made some of their most important memories, a place that has been constant through the ups and downs of life. While the world may be speeding up on what seems like a daily basis, it’s always a good idea to take it slow when buying or selling a home. More information HERE.

With over 25 years of dedicated client focused results, top producing, high-ranking , top performing outcomes, Gloria Matlin and partner Zack Matlin are the consummate Chicago North Shore real estate representatives. Sustained North Shore community insight, and a passion for making North Shore real estate dreams a reality, look to them for questions on marketing, technology options, area conditions, or simply to discover things to do and places to go on Chicago’s Northern Shores.  640 Vernon Avenue, Glencoe, Illinois-Coldwell Banker residential real estate office is where Gloria Matlin has called her home office for over 2 decades.  Feel free to stop in today!

13 Things To Avoid When Selling This Spring 2017

Leave a comment

The time is NOW…The Chicago North Shore Real Estate market is off to a HOT, spring 2017 start! Feel free to RE for questions on this and similar North Shore real estate topics. Let Gloria Matlin and partner Zack Matlin, seasoned North Shore real estate professionals with 25+ years be your top producing, top performing, and high ranking Realtor guides this season. Stop into the Glencoe residential real estate office-Coldwell Banker-640-Vernon Avenue, 60022; for optimal service.

See the latest trends in the video summary provided below (Click Image to View):

Market Watch – Chicago North Shore (Click Image to View)

 

http://vs-portal.sundaysky.com/coldwellbanker/coldwellbanker_Glencoe_residential/

 

Sibcy Cline Blog

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…

View original post 461 more words

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

Leave a comment

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.

Autumn's List

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/

View original post

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

1 Comment

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.

 

This Spring, is one of the Best Times to Buy….Know Why?

Leave a comment

With today’s market conditions, now is one of the best times to find your perfect home at the price you want. If you wait, prices and interest rates will rise and you may find yourself on the outsideSpringView-2016-GM looking in.

Choices are out there. In the past, the amount of homes on the market was very low and selection was poor. In today’s market, a buyer is able to find the right home without compromising any needs or wants.

Take your time in researching your new home. Shop around. Look at multiple homes and compare. In previous years, the seller’s market rushed buyers to make offers without thinking about their decision. Now; you can afford to give your decision the time and consideration it requires.

Make sure your home is in the best condition. Practice due diligence and schedule home inspections and appraisals on the property that you are interested in. No longer do you have to waive these contingencies with the fear that you may lose the home to another offer. Also, submit any repair requests that you may have to the seller before purchasing the home.

Reliable and trustworthy financing is available. The re-emergence of fixed rate mortgages and the rapidly disappearing adjustable, sub-prime loans make this a great time to buy your new home!

Contact me today, I can assist!

 

Seasons Change Means Opportunity Arises: North Shore-Chicago Real Estate Trends

Leave a comment

School has begun, days are getting shorter, and the networks are eagerly trying to gear us up for football. And home sales are still brisk—despite historical four-seasons-layered-croppedseasonally adjusted outcomes we’re used to seeing.

Seasonal adjustments help make data that are inherently seasonal easier to compare month to month. You can’t get a good picture of whether it’s a good or bad year by comparing typically slow January with typically busy July. But they also lull us into a false sense of reality that all months are similar, or merely go up and down based on the strength of the market.

The raw data tell us that real estate follows a clear seasonal pattern. Inventory peaks in the summer. Sales peak in the summer. Real estate Web traffic peaks in the summer. Notice the trend?

But each local market has its own cycle. The school calendar plays a big role since families with kids prefer to move while school is out. And not all schools start at the same time.

Looking at existing-home sales data at the national level over the past several years, June averages almost twice the volume of sales as January. But inventory doesn’t vary quite as much. The typical peak for inventory is in July, but the inventory in July is usually only about 25% higher than in December. The discrepancy between the variation in sales and the variation in inventory presents an opportunity for buyers.

When sales are slower due to the season, the age of inventory rises. We monitor the median days on market of active listings, which typically bottoms in June and peaks in the winter months of December and January.

As the age of inventory increases, buyers could gain more leverage. That’s why prices are also seasonal, often peaking each summer when demand is highest and the age of inventory is lowest.

So take heart, would-be buyers! If you can resist the herd and ignore the school calendar , you will face less competition in the off-season. And if you can find a home that fits your needs, you will have more bargaining power! More info HERE

2015, September: With more than 25 years of top producing, high ranking, client focused performance, Gloria Matlin remains the consummate real estate professional for Chicago’s North Shore. Dedicated to making dreams come true and providing the highest quality service for each and every client, Gloria Matlin is the real estate resource you want for every season. See introduction HERE

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

Leave a comment

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.

Older Entries