Schaumburg, IL

Tax Appeal Seminar is scheduled

The Schaumburg Township Assessor recently announced that the Cook County Board of Review will accept appeals from January 24, 2012 – February 22, 2012. Appeals may be done at the Schaumburg Township Assessors office during normal business hours, Monday through Friday 8:30am – 5pm or on line at www.cookcountyboardofreview.com. The Assessor encourages all taxpayers to appeal if they think their property assessment is too high.

The seminar will be held on February 13, 2012 at 6:30pm at Schaumburg High School, 1100 W. Schaumburg Road, Schaumburg, IL 60194.

The hour-long session includes a presentation by Commissioner Patlak that explains how property taxes are calculated and the appeal procedure of the Board of Review. The event will end with a question and answer session followed by an opportunity for taxpayers to work with analysts from Commissioner Patlak’s staff to address their concerns and to receive assistance filing an appeal. Taxpayers are asked to bring a copy of their most recent tax bill.

The table below lists all of the single family detached and single family attached homes currently on the market in Schaumburg, IL The data lists available homes by price range with average time on market in each range.

Included in this list are many Foreclosures and Short Sale properties. Contact us for information on how to process.

Should you have an interest in homes in a selected price range, send me your physical characteristics requirements. I will send complete details on those homes that meet your criteria.

Active Listings

List Price Range # Listings Avg. Days on Mkt Less than $49,999 6 131 $50,000 - $99,999 82 191 $100,000 - $149,999 110 265 $150,000 - $199,999 107 226 $200,000 - $249,999 54 224 $250,000 - $299,999 43 218 $300,000 - $349,999 16 350 $350,000 - $399,999 21 253 $400,000 - $449,999 4 714 $450,000 - $499,999 9 169 $500,000 - $549,999 5 334 $550,000 - $599,999 3 202 $600,000 - $699,999 2 289 $700,000 - $799,999 6 497 $800,000 - $899,999 1 461 $1,000,000 - $1,999,999 1 206 $2,000,000 - $2,999,999 1 49

Active Listings Summary

# Units Avg. MT Median List Price Avg. List Price Max. List Price Min. List Price Total Volume 471 240 $169,800 $208,967 $2,250,000 $39,900 $98,4

What percentage of Schaumburg Homes are foreclosures?

When we look at foreclosure numbers that perhaps we have heard or seen on the news, often times they are for trends that are national in scope. We always have to sharpen our focus and whittle down those statistics to the state level, then by metro area, then finally by the town itself. Don't pay attention to the media which is great for over dramatizing news especially when it comes to the housing market and foreclosures. Granted, there are some very hard hit areas of the country and we are fortunate here not to be one of those areas which I hope you realize. Real estate is local in nature so let's take a look at what is happening in Schaumburg:

Let's look at the total of Schaumburg Homes sold (249) and then what percentage of those closed were foreclosures. Our MLS has us report each foreclosure, short sale and court sale just for these purposes and these are accurate numbers from 2011.

The lowest foreclosure price was $100,000 and the highest was $441,000. Foreclosures were 14% of Schaumburg Homes that have closed. In an earlier report for the 1st quarter of 2011, they were at 20%. Townhome and condo sales were not done at that time but I have included them in this report.

So there are the results for our Schaumburg area. Hope that makes you feel better and if you are thinking of selling your home in the near future, please don't hesitate in giving me a call.

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High End Foreclosures in the Chicagoland Area for 2011
Schaumburg Homes - Why pricing is more important than ever!
Short Sale Reform, Foreclosures and the naked guy
Staging is not Fraud!
Schaumburg - Average Home Prices over the last 10 years
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Foreclosure Surplus?

6 Worth-the-Price Fix-Ups

Simple and affordable do-it-yourself projects can greatly increase a home's resale value, according to HomeGain's annual home improvement and staging survey done in April 2011.

The company surveyed nearly 600 real estate professionals to discover which DIY home improvement projects give sellers the biggest return for their buck. Here are six projects under $1,000 (amounts are estimated) that made the list.


1. Cleaning and decluttering. Remove any personal items, unclutter countertops, organize closets and shelves, and make the home sparkling clean. ◦ $290 Cost ◦ $1,990 Return

2. Brightening. Clean all windows inside and out, replace old curtains, update lighting fixtures, and remove anything that blocks light from the windows. ◦ $375 Cost ◦ $1,550 Return

3. Smart staging. Rearrange furniture, bring in new accessories and furnishings to enhance rooms, incorporate artwork, and play soft music in the background. ◦ $550 Cost ◦ $2,194 Return

4. Landscaping enhancements. Punch up the home’s curb appeal in the front and back yards by adding bark mulch, bushes, and flowers and ensuring current plants and grass are well-cared for and manicured. ◦ $540 Cost ◦ $1,932 return

5. Repairing electrical or plumbing. Fix leaks under the sinks, remove any mildew stains, and ensure all plumbing is in good working condition. Update the home’s electrical with new wiring for modern appliances, fix any lights or outlets that don’t work, and replace old plug points with new safety fixtures. ◦ $535 Cost ◦ $1,505 Return

6. Replacing or shampooing dirty carpets. Steam-clean carpets, replace any worn carpets, and repair any floor creaks. ◦ $647 Cost ◦ $1,739 Return





Excerpted from HomeGain’s 2011 Home Sale Maximizer Survey: www.homesalemaximizer.com.

High End Foreclosures in the Chicagoland Area for 2011