Seasons Change Means 2018 Opportunity Arises: North Shore-Chicago Real Estate Trends

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School has begun, days are getting shorter, and the networks are eagerly trying to gear us up for football. And 2018 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

2018, October: With more than 25 years of top producing, high ranking, client-focused performance, Gloria Matlin and partner Zack Matlin remain consummate real estate professionals 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 intro HERE

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Summer 2018 Home Buying Benefits – Chicago North Shore Real Estate Experts

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Across the country as well as here on Chicago’s North Shore March through September are the most popular months for buying a house. In the spring and summer, you’ll often find a large selection of homes for sale.

Reasons to Buy a Home in the Summer
Do you have kids in school? If so, you probably want to sell your house and move into a new one before the next school year starts. Moving over the summer lets kids finish the term at their old school, as well as explore the neighborhood and make friends before the first day at their new school.

Be Ready to Close
If you determine that summer is the best time for you to buy, be prepared to make an offer quickly, . Make sure you know your limits: Which home features are must-haves, and what is the most you are willing to spend? Also, keep in mind that even if you’re pre-approved for a loan and are ready to push paper, it may take weeks or a couple months to close on the home. If you want to move in midsummer, you may need to start house-hunting in spring.

To get a glimpse of the properties for sale on Chicago’s North Shore, see the videos and images below or click HERE and HERE for a complete list of details and/or tips.

https://www.yelp.com/biz_photos/gloria-matlin-glencoe?select_biz_video=2EfetbXpsXlayKF4wUARhA

With top producing, top performing sales volume results for over 25 years, Gloria Matlin has been a Chicago North Shore, Illinois real estate expert representing Coldwell Banker’s top ranking Glencoe office. She and partner Zack Matlin, proudly serve North Suburban Winnetka, Wilmette, Highland Park, Kenilworth, Northbrook, Deerfield, Northfield, Lincolnshire, Buffalo Grove, Glenview, Skokie and Glencoe communities. As a seasoned North Shore Realtor, she is a trusted resource, and maintains national top 1% performance success with grace and tenacity. Look to her and Zack for all things real estate on the North Shore of Chicago this summer season, 2018!

 

Your Homes’ Honey-Do List for July 2018

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This summer-2018, let top producing, high ranking, optimally performing real estate professionals, guide you through the sought after North Shore area of Chicago. Gloria Matlin and partner Zack Matlin have been assisting with North Shore real estate dreams for over 25 years. They pride themselves on being consummate professionals with a stellar reputation for thorough, sincere, friendly, and tenacious service. Located in the award-winning Coldwell Banker residential real estate office of Glencoe Illinois – 640 Vernon Avenue, 60022. more information HERE and HERE

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We proudly serve Chicago, Chicago’s north suburban area including Glencoe, HighlandPark, Winnetka, Wilmette, Kenilworth, Northbrook, Deerfield, Northfield, Lincolnshire, Buffalo Grove, Skokie, Evanston, and Glenview.

 

Tri-Valley Real Estate Buzz

With summer around the corner, the days are getting longer…and so is the honey-do list. To help you out, we’ll be featuring a “Honey-Do List” at the beginning of each month to make sure you stay ahead of those around-the-house projects.

Here is your to-do list for the month of June:

1.  Prep your guest room for summer visitors.  

Summertime means vacation time, which sometimes means you run a bed & breakfast from your spare bedroom. When creating a serene retreat for out-of-town guests, it’s all about the little touches. Stock a bookshelf with great reads, leave a water pitcher and glasses on the nightstand, and add fresh flowers to brighten up the space. An extra blanket and a set of hotel-size toiletries make any visitor feel at home. Want to make sure your house guests don’t extend their stay? Start enlisting their help on the chores on your…

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Spring 2018-May Means Mother’s Day Month – Chicago North Shore

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Spring 2018 well wishes, and happy Mother’s Day Month 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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Spring 2018, will be one of the Best Times to Buy….Know Why?

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With today’s 2018, Chicago North Shore 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 outside 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 us today, we assist! Gloria and Zack Matlin…Matlin Residential Real Estate.

 

Real Estate Resolutions in 2018-Chicago North Shore Real Estate

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When it comes to real estate, 2018 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, 2018 resolutions to get you North Shore real estate market ready and prepared:

 

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 2018. Nationally and locally recognized as a high ranking, top performing luxury real estate resource, she and partner Zack Matlin are trusted professionals with over 30+ years of North Shore Real Estate insight and experience. Look to them for help with relocation, downsizing, up-sizing, 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 team.

Benefits of Year End Real Estate Investing: North Shore Chicago

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Here on Chicago’s North Shore, next to spring, fall is often the busiest real estate time of the year. Although you can buy and sell houses at any time, the fall North Suburban real estate market offers abundant benefits to home buyers, including year-end tax breaks, pleasant weather conditions for moving, commonly a wider selection of houses, and the beautiful presence of mother-nature all FallScene-2around!

To further provide examples of the North Shore home buying advantages you can enjoy during the autumn months, below is a more detailed look into the benefits of looking for and purchasing a home in the autumn 2017 season.

Mortgage loan year-end tax breaks

By October and November, people are already reviewing year-end tax breaks they may be eligible for. Fortunately for home-buyers, owning a home can yield immense dividends in tax returns. For example, both mortgage interest and property taxes are deductible from gross income. In addition, if you have prepaid ant 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. Consult a tax professional for specific details and guidelines.

Often more home buying choices

Given that North Shore home buying and selling is at a peak during the fall season, the real estate market often becomes a highly competitive arena. While there may be additional pressure to buy due to the quicker turnaround of houses on the market, at the same time you also benefit from the wider selection of homes available during the fall season. In fact, between the months of September and December, you may be fortunate enough to visit several North Shore open houses in a single day. Therefore, to make sure you don’t miss out on finding your dream house, it’s a good idea to examine on-line ads often since the listings are updated frequently.

Getting ahead of mother mature

Buying a North Shore house in the winter may not be very appealing to most home buyers. Low temperatures and poor weather conditions can potentially make moving more difficult. But by moving in early, mid, even late autumn, you gain the added benefit of eluding the sweltering summer heat.

Fall home buying TIP:  Taking into account that fall is the second busiest season of the year for buying and selling houses on the North Shore, you may be tempted to put a bid on a home for fear that another buyer will better your offer or snatch it up 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. More info HERE

The North Shore real estate Fall 2017 forecast calls for ongoing top tier results, high ranking top producing performance, and sustained elite service from Gloria Matlin and partner Zack Matlin of Matlin Residential Real Estate. With over 25 years of trusted real estate professionalism, she and Zack are the consummate guides on Chicago’s North Shore. Look to them for assistance with relocation, buying, selling, investing, or to inquire about local communities, they can help make North Shore real estate dreams a reality. Gloria’s home office is located within the top brokerage firm on the North Shore-Coldwell Banker Residential Real Estate office. 640 Vernon Avenue, Glencoe, Illinois 60022.

 

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