Creating a Life Plan to Secure Your Children’s Future – North Shore Chicago Real Estate

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Image credite:Pixabay:jairojehuel

Image credite:Pixabay:jairojehuel

It’s never too early to start thinking about your children’s future. You’ve already made big decisions about the house or area your children will live in or even what school they will attend, and creating a life plan can make it much easier to think of any contingencies that may arise down the road. You owe it to your children to map out your future goals for yourself and in ways which will affect their lives also, so start thinking about it now, even if your children are still very young.

Draw Up a Will

Everyone wants to live to a good old age, but you cannot guarantee this will happen. You never know what’s round the corner, so it’s best to plan your estate now rather than later. Here are some reasons you should make a will now:

  • A will gives you the opportunity to state who will care for your children in your absence.
  • You can use your will to name an executor for your estate.
  • A will allows you to select a trustworthy guardian for your children’s finances.
  • Your will can be a vehicle to enable you to name someone to take care of property for your children.

You can also state clearly who gets what in your will, and provide for any children that may have special needs.

Get Life Insurance

You already probably have life insurance for yourself, and if you’re in a stable financial position, it’s a good idea to invest in life insurance for your children. The main reason you should do this now, is in case your child develops an illness later in life, which could make her ineligible for life insurance. Heaven forbid you should outlive your children, but if this does happen, a life insurance policy will enable you to pay for their funeral expenses.

Save For Your Children’s College Education

College education is not cheap. For the 2016-2017 school year, the average cost of public college was $9,650, it was $33,480 at private colleges. There are several ways you can save wisely for your kid’s college fund.

Evaluate Your Real Estate

Perhaps your 1,300 square foot townhouse works perfectly well for you, your spouse, and toddler, but adding another child or even a pet into the mix could necessitate purchasing a larger home, or at least finding a home with a more flexible layout. Regardless of whether you are adding children and pets, got a job promotion, or suddenly came into some extra money, it may be time to re-evaluate your living situation if your quality of life is suffering.

A 529 Plan

A 529 plan is a savings plan with tax advantages, which is operated by a state or educational institution.  Such a plan can be used to pay for the cost of college education nationwide. In general, the state which your savings plan is from, does not affect your choice of school. This means you can live in Georgia, invest in a plan in California and send your child to school in Michigan. You can check here to see if your college is eligible.

Coverdell Education Savings Account

This is a type of trust account designed specifically for your child’s college education. The advantage of a Coverdell account is that it’s not just for college, you can use your savings to pay for K-12 education tax-free. The main disadvantage of this type of account is that you cannot deposit more than $2,000 per year.

UTMA and UGMA Accounts

These are custodial trust accounts. This means that if you have annuities, bonds or stocks, or cash that you wish to reserve for your children, you can put them into one of these accounts. This is the best option if your child will not need to apply for financial aid.

Creating a life plan is an essential part of securing your children’s future. Don’t let the prospect overwhelm you. Break it down, and build on it gradually. You will also need to review it from time to time and make any necessary changes or updates as your children grow older. When your children are getting ready to leave home and move on to the next stage of their lives, you will be glad that you had everything planned in advance.

Gloria Matlin along with partner Zack Matlin continue to be North Suburban real estate experts with an unparalleled record of top producing, high-ranking accomplishments that span 25+ years. Her keen awareness of the Northern Shore communities and his extensive marketing as well as mortgage consulting knowledge are what make Gloria and Zack Matlin an elite high performing team with a sincere and personalized style they offer each and every client. Gloria Matlin and Zack Matlin educate, tenaciously perform and make Chicago North Shore real estate dreams a pleasant reality! Look to them for guidance on real estate and related matters this summer season 2017!

 

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Preparing Your Home to Sell This Summer 2017-North Shore Chicago Real Estate

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While several Chicago North Shore homes may be sold each week, the process may not be as easy for sellers as it was five or 10 years ago. Surviving in today’s real estate world requires experience and training in such fields as online real estate marketing, relocation savvy, financing options, negotiating and closing, the very expertise available from local North Shore-Chicago real estate professionals. Millions of existing homes are sold each year and, while each transaction is different, every owner wants the same thing: the best possible deal with the least amount of hassle and aggravation.

Are You Ready?Sold

The home-selling process typically starts several months before a property is made available for sale. It’s necessary to look at a home through the eyes of a prospective buyer and determine what needs to be cleaned, painted, repaired and tossed out.
Ask yourself: If you were buying this home, what would you want to see? The goal is to show a home that looks good, maximizes space and attracts as many buyers as possible.

When Should You Sell?

As with several locations across the country the North Shore Chicago marketplace tends to be active in the summer because parents and/or young adults want to enroll in classes at the beginning of the school year (usually in August). Summer is also typically when most homes are likely to be available.
Generally speaking, markets tend to have some balance between buyers and sellers year-round. For example, a given North Shore community may have fewer buyers in late December, but it’s also likely to have fewer homes available for purchase. As a result, home prices tend to rise or fall due to general patterns of supply and demand, rather than the time of year. Look to a skilled, North Shore Real Estate professional can be a sound decision to assess local real estate market activity and trends.

From providing an in-depth view of luxury North Shore-Chicago real estate markets in 2017, to examining and providing an accurate seasonal gauge on North Shore’s rental trends; Gloria Matlin along with partner Zack Matlin continue to be North Suburban real estate experts with an unparalleled record of top producing, high-ranking accomplishments that span 25+ years. Her keen awareness of the Northern Shore communities and his extensive marketing as well as mortgage consulting knowledge are what make Gloria and Zack Matlin an elite high performing team with a sincere and personalized style they offer each and every client. Gloria Matlin and Zack Matlin educate, tenaciously perform and make Chicago North Shore real estate dreams a pleasant reality!

13 Things To Avoid When Selling This Spring 2017

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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…

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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

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:

Crescent-NewFront

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:

 

 

Top 5 Winter Renovations That Pay Off Big-North Shore Real Estate Trends

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There is always something that can be improved upon. Now in 2016…When you spend a little time in your Chicago North Shore home on vacation or on the weekends, you are bound to find a improvement project or two that can keep you busy. And that’s usually what happens during the winter especially right at the start of a new year, people want their houses to look their best, and any indoor project that doesn’t require windows to be open or walls to be taken down are good ones to think about. More importantly it’s vital to think of the projects that are not only aesthetically pleasing, but will also get a big bang for your North Shore real estate investment buck in the long-term.

While doors and floors fit that category, be warned that any door that’s hung in the winter might be a bit of a tight fit in the summer, when humidity can expand the wood. So, be cautious of starting wood projects.

There are plenty of other home improvement projects that can keep you busy during the winter months. Here are the top 5 suggestions for high REO (return on investment) this season:

1. Install a programmable thermostat: It’s always a bit of a shock when you get that first utility bill in the colder months. If you haven’t already taken steps to save energy, an easy project, is installing a thermostat that allows you to automatically set the temperature for different times of the day. By having the heat programmed to go on when you get up in the morning, then off when you leave for the day, then back on when you arrive home, you can keep the temperature of your home constant. This type of project is an easy do-it-yourself project. It’s just a couple of low-voltage wires, so it’s really something anyone can handle, and some of them cost as low as $25. It can pay for itself in a month or two.

2. Insulate your water heater: Another way to save energy is to lower the temperature of your water heater, and insulate it. The ideal temperature is 120 degrees. It doesn’t cost you anything to turn it down, and by wrapping it in insulation, you can ensure that the water stays hot when it is not being used. You can buy insulation kits at your local North Shore-Glencoe hardware store.

3. Paint a room: This is the greatest winter project, it’s a great cure for the midwinter blues. And a $50 investment in paint can dramatically transform a room. When you are spending more time inside, you have more time to look at what needs to be refreshed. This is a quick, do-it-yourself project and a small investment can make a big difference.

4. Refinish the basement: Need a contractor for a project? Find one in the winter, contractors are slower in the winter, and one project that’s especially popular is refinishing the basement — you can often find someone to take this on. Of course, the ever-popular bathroom and kitchen remodels, are seasonless, and sometimes endless, can also be started in winter (as long as a wall doesn’t need to be knocked out).

5. Get organized: So many people resolve to get organized at the New Year and winter is a great time to actually take action on that resolution. There are so many great modular closet-organizing systems, a project like this is a great antidote to North Shore cabin fever. You can clear up the clutter in a room or a closet, and make it look like you have twice the space you did to begin with; a sure-fire way to attract potential buyers, a total sellers edge…MORE IDEAS

With sustained top producing, high ranking, client focused results, Gloria Matlin looks forward to making 2016 even better! Over 25 years of devoted service, and now partnering with son Zack Matlin, this team is sure to make Chicago North Shore real estate dreams come true once again.

 

5 Unique Homemade Mother’s Day Gifts

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Spring 2015 well wishes, and happy Mother’s Day from Gloria Matlin and Zack Matlin. With over 25 years of dedicated Chicago North Shore real estate experience, personable, driven, top producing, high ranking real estate professionals with a client centered focus for making real estate dreams come true; look to this dynamic team for an elite level of North Shore real estate service on the North Shore of Chicago.

The Mash Team Blog

Home is where Mom is, so why not give Mom a piece of home this Mother’s Day?

Don’t forget Mother’s Day is May 10th this year! As we discovered last year, Home is Where Mom is.  So, why not give Mom a little piece of home this Mother’s Day? These 5 unique homemade Mother’s Day Gifts are guaranteed to show her how much you care.

Lemon-Sugar-Scrub-DIY-CraftLemon Sugar Scrub via Living Locurto – Mom deserves a little R&R. Give her a spa day at home with a DIY lemon sugar bath scrub and then leave her alone long enough to take a nice relaxing bath.

CoastersTile Photo Coasters – Give mom a gift that’s worth a thousand words and serves a practical purpose. These tile photo coasters are an easy do-it-at-home Mother’s Day Gift that will make Mom smile every day over her morning coffee.

Chalkboard Flower PotsChalkboard Flower Pots via Learning, Creating, Living –…

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