Top 3 Perks to Buying a Home During Autumn 2018-North Shore Real Estate

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New Luxury Construction – 854 Bluff Avenue in Glencoe

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 fluctuating 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.

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.

 

Exquisite Chicago North Shore Open House Event-725 Greenleaf Avenue, Glencoe

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Open this Sunday July 28th, 2:30-4:30pm

The house will charm you! The stone and stucco exterior with limestone detail sets the elegant tone. The gracious entry includes a large foyer; charming cloakroom; and stair hall with lovely, curved staircase. See more details HERE

725 Greenleaf in Glencoe

You’ll love the fabulous location in East Glencoe; so close to train, town and beach.  This French Eclectic style, French Provincial or French Chateau styled home, was a common home building choice in the 1920s and 1930s. The style was utilized most often in residential architecture and emerged from an increased knowledge of French architecture and an appreciation for French cultureThe French Eclectic style is rectangular in plan and symmetrical in design, and is at least one-and-a-half stories in height. The main distinguishing characteristic of the style is a massive hip roof with its ridge paralleling the front of the house. The roof incorporates a second floor, which is typically lit by the addition of several dormers. Most of these dormers have segmental or hip roofs, although shed dormers can be found. Commonly, the dormers are located within the plane of the exterior wall and incorporate larger than normal windows.Exterior cladding can be of brick, stucco or clapboard.  More information HERE.

Watch Chicago’s North Shore on PBS. See more from Geoffrey Baer Tours.

Feel free to contact Gloria Matlin for a private showing of this lovely east Glencoe property!  More info  HERE!

Real Estate Outcomes October2011: Chicago’s North Shore

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North Shore Property Sales Reports

October North Shore-Glencoe property sales were 12, up 20.0% from 10 in October of 2010 and 71.4% higher than the 7 sales last month. October 2011 sales were at a mid level compared to October of 2010 and 2009. October YTD sales of 118 are running 32.6% ahead of last year’s year-to-date sales of 89.

Prices

The Median Chicago’s North Shore Sales Price trend in October was $924,500, up 16.0% from $797,000 in October of 2010 and up 110.1% from $440,000 last month. The Average Sales Price in October was $1,012,053, up 20.8% from $837,650 in October of 2010 and up 3.0% from $982,357 last month. October 2011 ASP was at a mid range compared to October of 2010 and

Inventory & MSI

The Total Inventory of Properties analytics show available for sale as of October was 105, down -5.4% from 111 last month and down -21.1% from 133 in October of last year. October 2011 Inventory was at the lowest level compared to October of 2010 and 2009.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The October 2011 MSI of 8.8 months was at its lowest level compared with October of 2010 and 2009.

Market Time

The average Days On Market(DOM) statistic shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for October was 112, up 72.3% from 65 days last month and up 10.9% from 101 days in October of last year. The October 2011 DOM was at a mid range compared with October of 2010 and 2009.

Inventory / New Listings / Sales

‘This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The trending graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in October 2011 was 21, up 31.3% from 16 last month and up 5.0% from 20 in October of last year.

For additional Data visit www.gloriamatlin.com and select Community Reports

October-November 2011 Data

Chicago’s North Shore – School Information at Your Fingertips!

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One very important aspect to North Shore real estate or selecting a home and living on Chicago’s North Shore is the availability/access to world-renowned school districts. When you send your child off to school each day, you want to feel confident that the school is providing your son or daughter with a sound education. Below is a collection of information to help make it easier for you to get critical data, trends, reports, statistics and analysis about your child’s school; taking into account important aspects like how the schools compare with others in the state, how often they test performance and other education indicators. use the Illinois School Profile Search and the Illinois Report Card Search to further examine information like average class size, student body makeup, average ACT scores, teacher experiences and salaries, student academic performance at various grade levels, and a breakdown of how specific school districts disperse funds.

You may also visit www.gloriamatlin.com select community reports to create a comparison review of school districts locally and across the country.

Click the links below to view various Illinois educational institutions that exist within the North Shore communities.

City
Grade Schools
Deerfield

Aptakisic-Tripp School District 102
Deerfield Public Schools District 109

Township High School District 113
Adlai E. Stevenson High School District   125

Evanston

Evanston/Skokie School District   65

Evanston Township High School District   202

Glencoe

Glencoe School District 35

New Trier Township High School District   203

Fort Sheridan /   Highwood

North Shore School District 112

Township High School District   113

Glenview

Northbrook/Glenview School District   30
West Northfield School District   31

Glenview School District 34

Avoca School District 37
East Maine School District 63

New Trier Township High School District   203
Maine High School District 207
Glenbrook High School District   225

Highland   Park

North Shore School District 112

Township High School District   113

Kenilworth

Kenilworth School District 38

New Trier Township High School District   203

Lake Bluff

Lake Bluff Elementary School District   65
Oak Grove School District 68

Lake Forest High School District   115
Community High School District   128

Lake   Forest

Lake Forest School District 67

Lake Forest High School District   115

Northbrook

Northbrook School District 27
Northbrook School District 28
Northbrook/Glenview School District   30
West Northfield School District   31

Glenbrook High School District   225

Northfield

Sunset Ridge School District 29

New Trier Township High School District   203

Skokie

Evanston/Skokie School District   65
Skokie School District 68

Skokie School District 69
Fairview School District 72
East Prairie School District 73
Skokie School District 73.5

Evanston Township High School District   202
Niles Township High School District   219

Wilmette

Avoca School District 37
Wilmette Public School District   39

New Trier Township High School District   203

Winnetka

Winnetka Public School District   36

New Trier Township High School District   203

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Top Ways to Refinance Investment Property: Real Estate Market Trends

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Is it possible to refinance a property if you don’t live in it?  

Yes.

But even with mortgage rates as low as they are, for some people, “it just doesn’t make sense” for them to refinance a rental property, or they are being told they can’t refinance an investment property.

How can this be?

In today’s mortgage market, quite a few home loan programs for investment properties are available through Fannie Mae or Freddie Mac — but there are still portfolio lenders offering investment property programs that Fannie Mae and Freddie Mac don’t offer.

Translation: Just because one lender tells you it isn’t possible to refinance your investment property, it doesn’t mean that it isn’t possible.

For those people who have recently heard that it wasn’t possible to refinance their investment property, it is likely that they were given one of two common reasons: MORE

Must Have Apps for the Real Estate Savvy:Market Trends

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Whether you’re a first-time home buyer , foreclosure hunter, mortgage calculating junkie, renovation snob or shopping around for your retirement home, the latest real estate apps for mobile devices put the marketplace at your fingertips — literally. Here’s a set of basic apps that are great downloads for active house hunters. While many big-name real estate companies have useful, well-organized mobile property searches, we found this set to be particularly devoted to the needs of the user and blissfully free of any built-in bias. Inexpensive (several are free) and easy to use.

Do you have a favorite real estate mobile app? See if our savvy list matches yours..SEE LIST HERE

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