Are You in the Right House? Questions to Ask Yourself this Fall2018-North Shore Real Estate

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Here on Chicago’s North Shore we are seeing a steady volume of homes for the 2018 market at amazing price points, with enticing rates. The variables have created an influx of ready buyers and sellers prepared to list. So the question presents itself to both groups…Are you in the right house?

Below are five indicators that a particular home you’re viewing might be “The One” – the property on which you’ll want to place an offer or know to look for during a search:

You lose interest in seeing any other homes.  When you find “The One,” continuing the house hunt planned for months, even years, starts to seem silly, like a waste of energy for some buyers or sellers. Sometimes your intuition just calls out, and you know when you’ve found the perfect North Shore property.

Almost instantly, you feel possessive about it. Not only can the winning home bring a smile to a buyer’s face, that immediate need to start the buying process or work on the offer paperwork may be the sign. If you walk through a place and leave wondering how quickly you can get your offer in, how much you’d offer to beat someone else out, or what you can do to lock it down quickly, it might be “The One.”

You start to envision your own, furniture, decor, daily activities or remodeling choices in/to the home.  They say that the best staging helps prospective buyers envision their own idealized lives taking place in the staged home.  But whether or not a property is staged, if you find your mind’s eye Photoshopping a given property to insert your own living style and favorite wall hangings into place in the dining room, and your daily meditation process in the all-season room  –– it’s possible that the home you’re in could be “The One”.

You start to rationalize obvious flaws.  Train tracks 10 feet from the bedroom window? Next door neighbor that runs a pigeon-sitting service? Okay – an awful exaggeration. But if you find yourself viewing a home with traits that you would normally deem undesirable or as deal-killers, yet you like the place so much that you instinctively compile a mental list of reasons those traits seem minimal, you might have found “The One.”

The bathroom and kitchen are appealing.  Generally speaking, other people’s kitchens and bathrooms may hold gross-out potential.  There’s just something about what goes on in those rooms that seems exceptionally intimate and even unsanitary.  So, if you happen to find yourself falling in love with a home’s slate shower floor or swooning over the pot-filler over the stove and the built-in cookbook stand on the countertop, that’s a sign that you’re falling head over heels with a North Shore home that might just be “The One.”

We can help find the house “The One” property that will make all your North Shore real estate dreams come true.  Visit our Coldwell Banker North Shore Residential Real Estate office, located at 640 Vernon Ave in downtown Glencoe, Illinois 60022.  Let Zack and I show you why Chicago’s North Suburban area is a source to find “The One”. More info HERE  and HERE

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JUST LISTED..1750 Braeside Lane, Northbrook-Chicago’s North Shore Real Estate

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NEW ON THE MARKET..1750 Braeside Lane, Northbrook, IL..This North Shore property is an exquisitely designed home with a flawlessly designed floor plan that unfolds with amazing architectural details. Contact Gloria Matlin for a private showing or simply review the complete tour: 1750 Braeside Lane

MINUTES FROM CHICAGO-NORTH SHORE TRANSPORTATION AND SHOPS – SUBURBAN RESORT STYLE LUXURY LIVING AT ITS BEST!

Feel free to visit Gloria at her high performing North Shore real estate brokerage office located at 640 Vernon Ave., in the center of beautiful downtown Glencoe, IL-60022.

Relocating to North Suburban Chicago-North Shore Real Estate

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On Chicago’s North Shore and around the country, relocating has become more common. Some relocate for work, have decided to move somewhere for greater lifestyle access, or are looking for aMoving-1 change of scenery. You may be faced with buying a home in a city that is not only unfamiliar, but in an area larger than anticipated. If you are a real estate investor or frequent vacationer, you might also be looking to buy property far from home base. Of course, buying real estate anywhere other than your current city presents a unique set of circumstances. Here are 4 tips for getting to the end goal….Relocation success!

1. Get a North Shore Real Estate Agent
Look for an experienced North Suburban Realtor/Broker in your intended village/city. Because of possible unfamiliarity with the area and the other unique challenges of not buying locally, you want to work with a professional who really knows what they’re doing. You may even be able to find an agent who specializes in helping people who are relocating, and who will be acutely aware of both your unique requirements and their ability to educate you about the local North Shore real estate market. You want a professional who can steer you toward exceptional neighborhoods and an ideal fit to with your lifestyle and overall needs.

Make sure you fully inform the North Shore real estate agent about your situation. For example, what is your moving timeframe? When will you be able to visit the area? Can the agent set aside a day to show you numerous North Shore properties while you’re in town? More than likely you’ll have limited time to view properties in person, and you’ll need someone who can help you organize and maximize your time. An experienced, high performing North Shore Realtor can do just that.

2. Get familiar with Possible North Shore Neighborhoods
All the usual criteria will also apply when searching for the right North Shore neighborhood – affordability, school quality, proximity to work, etc. The specific neighborhood you choose should reflect your current needs and lifestyle requirements.

3. Get Familiar with the Local North Shore Real Estate Market
Take advantage of all the resources available to you, including your Chicago North Shore real estate agent, in-person visits, chats with local residents, and online real estate reports, data, research, and listings to learn about your new digs. Ask lots of questions of your realtor, they are a wealth of market conditions information.

4. Don’t Avoid an In-Person Visit
And finally, once you’ve decided what you want, reviewed your must have list with your North Shore Realtor, done all your research, or found a few potential properties, you’re ready to get serious about taking the next steps and ultimately making an offer. But make sure you visit the homes in person at some point. Buying a home sight unseen can be tricky. No matter how much you trust your real estate agent’s sound judgment, the only person who really knows if you will like a particular property is you. More info HERE and HERE.

As a certified Cartus Relocation Specialist, Gloria Matlin helps out of area buyers and sellers find the perfect North Shore property to call home..On the Go? Move with Glo! She understands that moving/relocating can be an overwhelming and emotional endeavor. She prides herself on her North Shore community knowledge, involvement and; embracing the newest real estate tools/trends that keep her in the forefront so she can be there for her buyers-sellers 24/7.

 

 

Pocket Listings: What You Should Know-North Shore Homes For Sale

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On Chicago’s North Shore Real Estate options like “pocket listings” or exempt listings have become a more mainstream option for quietly marketing a home for sale. If you haven’t already heard of these popular real estate terms, you probably will.  Here is what you’ll need to know as a North Shore home buyer or seller about this fast growing type and a few examples to review:

Pocket listing– an unofficial, off-market Property

Also known as a “quiet” or “off-market” or “exempt listing”, a pocket listing is a real estate property that an agent keeps tucked away. Though the seller may have a signed listing agreement with a real estate agent/broker, the property for sale isn’t officially listed in the MLS. Other traditional forms of marketing may be downplayed, too.

Example of a North Shore off-market property currently for sale:

 

Exempt or Pocket listings- what they mean for buyers and sellers

If you’re a North Shore seller, you may consider testing the waters with a pocket or exempt listing, even if it’s just for a week or two.

For buyers, it’s important to work with a local Chicago North Suburban agent who has established relationships with other agents in the community. That way, you can be certain that you’ll be made aware of all potential North Shore homes for sale.

Coming Soon 2524 Augusta Way:

Contact Gloria Matlin for a private showing for any of these North Shore exempt properties.  847-835-6058

More info HERE and HERE

Just Listed -716 Sycamore Ln., #Glencoe.

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Just Listed -716 Sycamore Ln., #Glencoe..Floor to ceiling windows,bright,light & open space!See Tour! http://ow.ly/i/LWUr http://ht.ly/cfXOE

Top 5 Contract Negotiation Tips-North Shore Real Estate

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Spring on the North Shore seems to make it all the more profound, buying your first home is an exciting event, even for a seasoned North Shore buyer, it can be a challenging process. Some of the details can be intimidating for a first time real estate purchaser or experienced buyers may have forgotten a few key points. No need to panic, with a little preparation you’ll feel like an expert and you’ll be ready for anything!

The natural focal point of a real estate purchase contract is the selling price of the home, but the price isn’t the only factor that determines the net bottom line for both the buyer and the seller, especially in our current real estate market. Is a bargain for the buyer really a bargain if he or she is paying all the transaction costs? Is a top price for the seller really a top price if the buyer wants all the furniture to be included in the purchase price? Or what if the buyer can’t come up with the down payment or qualify for a mortgage?

Best Tip: Ask your experienced North Shore-Glencoe real estate agent to go over the standard contract with you before you receive or make a purchase offer. That way, you’ll know what to expect and be prepared to negotiate the best deal.

Before you decide to move forward, here are five other bottom-line points to consider:

1. What are the estimated transaction costs and who will pay for what? Typical costs include the brokers’ commission, a home inspection, a termite inspection, escrow or attorney’s fees, a title search, an owner’s title insurance policy, transfer taxes and recording fees. The price tags on these items can vary around the North Shore area. Who pays for what is a matter of both local custom and negotiation.

2. How much money is the buyer putting into escrow and when? A big deposit — called “earnest money” — and a substantial down payment are generally seen as a sign that the buyer is dead serious about completing the transaction. From the seller’s point of view, the more money the buyer places in escrow and the sooner the money is transferred, the better.

3. Is there a mortgage contingency and how specific is it? The mortgage escape clause is a must for buyers, unless they’re paying all cash for the home. Without this contingency, buyers could be legally obligated to purchase the home even if they can’t obtain financing. Further, an open-ended statement that says the buyer will obtain a loan “at the prevailing rate of interest” leaves the buyer completely exposed to interest rate fluctuations. A statement that says the loan must be at an interest rate “not to exceed xx percent” and on specified terms is ideal.

4. Exactly what furniture, fixtures and appliances, if any, are being sold with the property? Technically, anything that’s permanently affixed to or installed in the North Shore home is real property. Everything else is the seller’s personal property. This distinction is a narrow one and it naturally leads to a fair amount of confusion. Are built-in appliances real property or personal property? What about a shelving system? A chandelier? Window coverings? Potted plants in the yard? Sellers who intend to remove anything that’s attached to the home should have that specifically noted  in the contract. And the same goes for buyers who expect to acquire any of the furniture or other movables.

5. What happens if either side breaches the contract? Unless an unmet contingency triggers the abandonment of the contract, it’s a binding legal document. Buyers who fail to perform can lose their deposit or earnest money. Sellers who try to back out could be sued for “specific performance,” which forces the sale of the home to the buyer.

Our top performing Chicago’s north shore realtors provide legendary service and experience. Feel free to stop in our Coldwell Banker Office located at 640 Vernon Ave, Glencoe 60022. Our Glencoe realtor office has been providing outstanding real estate  knowledge for over 45 years. We look forward to assisting you.

Recent Home Sales Data..What it Means for You: North Shore Real Estate

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If you heard or followed my recent posts, home sales in the Chicago/North Shore/Illinois areas were up 1.3 percent from a year ago.  This is ideal news, but what does that really mean for you, if you’re considering buying or selling North Shore real estate? You don’t have to put off buying or selling a home because of uncertainty about how to view recent market reports, statistics, data and figures..here’s why:

If You Are Selling a Home

Chicago’s North Shore home sales have maintained an increase from July to December 2011, which is a strong indicator that the economy is recovering slowly but steadily. However, it could be several years before prices improve in all national markets to where they were before the housing crisis occurred. House prices are expected to rise each year that you are a home owner, even if those increases are modest compared to the gains seen in the early 2000’s.

If you are looking to sell your North Shore home, the current market offers a lot of under publicized opportunities. Record-low interest rates are moving savvy investors off the sidelines and into residential real estate. This more sophisticated breed of buyer is driving demand and subsequent price increases in areas such as Chicago’s North Shore.

If You Are Buying a Home

If you have good credit and the required down payment, this is an ideal time for you. You may be able to negotiate a lower price on a home you like. You will certainly pay less than you will in a few years from now when the economy finds even ground. If you do your research and find a home with a good value, in a sought after neighborhood, with great schools, you will have invested wisely for the time when you may be ready to sell.

One detail that must be considered when purchasing a home is how long you plan to stay in it. If you want to live there only a few years, the price increases seen in your property could be temporarily offset by current difficulties with the economy. However, if you plan to live there for five years or longer, it will likely be a worthwhile North Shore investment. Other factors play a role such as the specific area your home is located in, and jobs in the surrounding communities.

The current market is unique, but the current market also resembles any mid-recovery period. And, for all its peaks and valleys, the facts reflected in the current North Shore market data shows: you can still become a homeowner with the right funding and you can still sell your house with the right pricing. More info HERE

Our North Shore Coldwell Banker office can and will proudly provide more detail on North Shore market data/history.  Find us downtown Glencoe, Illinois 60022, 640 Vernon Ave.

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