Corinne Guest. Barrington IL Real Estate - Broker - Buyers Agent - Luxury Homes

Gated Communities - Barrington Illinois - Tallgrass of Lake Barrington

There are 3 gated communities in Lake Barrington and one of the newest developments is Tallgrass. Located at the corner of Kelsey Road and River Road, it was recently published that the bank has filed a notice of default against 64 of the 71 home sites.

Here is the excerpt from the ChicagoRealEstateDaily online newspaper.

Harris Bank has filed foreclosure lawsuits on vacant lots in two developments in Lake Barrington controlled by luxury suburban residential developer Michael J. Graft Builder Inc. In one suit, filed Oct. 1 in Lake County Circuit Court, the bank is seeking to recover more than $5 million on 64 lots in Tallgrass, a 109-acre development in the northwest suburb. That case was filed after the bank also filed to foreclose on a loan secured by 28 sites in the Enclave of Heritage Estates, a 66-acre development planned for just 32 high-end homes. Michael J. Graft Jr., president and CEO of the Barrington-based homebuilder, did not return a call requesting comment.

This was set to be one of the nicest gated communities due to it's goal of keeping the area natural and enhancing the landscaping. If you live in Lake Barrington like I do you'll appreciate all the trees and open spaces, conservation and walking paths - Lake Barrington is a Tree City.

The question now is what will happen. There are a few residents in homes already built and currently 2 homes available for sale, both ranch homes. If the property goes into foreclosure, what will the bank decide to do with the 64 lots they will own? Will they look for an investor seeking to buy gated communities to develop, or will they choose to sell off each lot? In this market both of these options are likely to be a tough sell. Very few buyers are looking at either new construction or lots, although getting deals on property in gated communities will certainly have some appeal if the price is right.

If you are interested in buying in Lake Barrington and are looking for gated communities, email Corinne with your requirements, or call 847-363-3686.

You can Search all Barrington Properties on my blogs listing page.

For more specific information on Tallgrass visit my Tallgrass Web Page.

Request a list of current Foreclosures in Lake Barrington.

Information about other Gated Communities in Barrington. I will be writing about each of our gated communities here over the next few weeks and will provide links.

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Contact Corinne Guest Broker & Owner Royal Advocate Realty Licensed Realtor® in Illinois, for real estate in Barrington, Lake Barrington, North Barrington, South Barrington, Barrington Hills, Inverness and Deer Park, as well as Lake Zurich, Hawthorn Woods, Kildeer and Long Grove in Lake County Illinois.

Call Corinne 847-363-3686 for assistance.

Copyright © 2009 By Corinne Guest, All Rights Reserved.

Homes For Rent in Barrington IL - Townhomes and Single Family Homes

Search for homes for rent  in Barrington IL  at my Property Search Web Site

There are always a variety of homes for rent in Barrington IL from condos and townhomes to single family homes and even luxury homes. If you are coming to live in Barrington Illinois you might want to consider looking at rentals. Then you can spend up to a year learning more about our beautiful area before you start looking for a home to buy. It will give you plenty of time to find the right home in the right part of Barrington.

Here are some ideas when searching homes for rent in Barrington:

• Condos of which there is a reasonable supply. There may be availability in the village or in Lake Barrington Shores a gated community.
• Townhomes. Again there will be availability in the village, Lake Barrington Shores and perhaps limited units in Deer Park.
• Single Family Homes. Here is where the widest choice will be and over all parts of the Barrington area. Find homes with as little as 2 bedrooms and 1 bathroom. $2500 per month will afford you a sizeable home on an acre lot. More and the quality and size of the home will increase.
• Luxury Homes. There are a few executive homes for rent in Barrington IL. Some provide large acreage, others large homes in gated communties.

Whatever your needs in Barrington, Deer Park, Tower Lakes and Inverness, there are plenty of homes for rent. Before looking for rentals, here are a few pointers.

1. Do you have pets? This will reduce the amount of homes available to you. Many owners are more flexible these days but some just do not want to offer homes when pets are involved. Be prepared to pay a larger deposit and maybe some additional rent for eah pet. Also bear in mind that each part of Barrington is different and whilst an owner may allow you to have 4 daogs, the village of the Barrington in which the home is located may have household limits.
2. What is your credit report and score like? In todays economy we have seen many families lose homes and then need new places to live. Again some owners may be amenable, but others will want perfect redit scores and no delinquencies.
3. Schools. If excellent schools are important to you, then finding homes for rent in Barrington with consideration to buying in the future is an excellent move. We do have award winning schools. However not every home in Barrington has Barrington schools. Some may go to Palatine, Lake Zurich, Wauconda. If this is crtitcal ask your Realtor to find out, or go to the school and ask.
4. Location for children. I only mention this from the perspective of subdivisions which are more likely to have other children to play with, rather than a singlle home standing alone on a street.
5. Location for commuting. Easy access to Metra Line for commuting to Chicago, or lose proximity to Freeways and Interstates.

The slide show below is featuring many of the homes for rent in the zip ode 60010 which covers all the Barrington areas. If you have something specific you are looking for, just let me know, I would be happy to find the perfect home for you to rent. Email me with your requirements.

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Contact Corinne Guest Broker & Owner Royal Advocate Realty Licensed Realtor® in Illinois, for real estate in Barrington, Lake Barrington, North Barrington, South Barrington, Barrington Hills, Inverness and Deer Park, as well as Lake Zurich, Hawthorn Woods, Kildeer and Long Grove in Lake County Illinois.

Call me 847-363-3686 for assistance.

Copyright © 2009 By Corinne Guest, All Rights Reserved. Homes For Rent in Barrington IL - Townhomes and Single Family Homes

Townhomes For Sale in Deer Park Red Seal Developement Illinois

Search for townhomes for sale in Deer Park and Barrington at my Barrington Web Site

There are only a few townhomes for sale in the Red Seal development in Deer Park Illinois and nearly all are middle units. Would you prefer and end unit? Here is a barely lived in 2 year old end unit with many upgrades offered in pristine condition. In fact from the photo above you would think it was a single family home!

The property offers a formal dining room with hardwood floors, a 2 story living/family room with hardwood floors, full size breakfast room with hardwood floors and sliding doors to a private deck. The kitchen has 42" wood cabinets, an island, stainless steel appliances, granite counter tops, upgraded lighting fixtures, and a butler pantry. Large laundry rooms are on the main level of the townhomes for sale in Deer Park. There is a full basement which offers great space for a rec room or theater. Upstairs there are 3 bedrooms, the master has a full bathroom suite with seperate toilet, an a full shower, jacuzzi bath, double sinks with Corian counters and Kohler fixtures. Add the double doors to the balcony, double closets, and upgrading lighting and all you need to do is add your furniture. The hallway bathroom also has Corian, and Kohler fixtures.

Don't forget the 2 car garage, private driveway and the gorgeous Nantucket styling, these townhomes for sale are very conveniently located right next to the Deer Park Shopping Mall off Long Grove Rd. It is a quick 5 minute drive down Rand Road to get to the top of Route 53 and I 90. Children attend Lake Zurich schools.

Priced at $425,000 compare to the others at considerably higher prices, you'll see we are the best unit.

Deer Park is primarily single family homes and there are no other townhomes for sale here. Other options to consider would be townhomes for sale in Lake Barrington Shores, although these are considerably further north. Inverness on the Ponds has limited townhomes for sale, and there are others in The Shires of Inverness.

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Contact Corinne Guest Broker & Owner Royal Advocate Realty Licensed Realtor® in Illinois, for real estate in Barrington, Lake Barrington, North Barrington, South Barrington, Barrington Hills, Inverness and Deer Park, as well as Lake Zurich, Hawthorn Woods, Kildeer and Long Grove in Lake County Illinois.

Call me 847-363-3686 for assistance.

Copyright © 2009 By Corinne Guest, All Rights Reserved. Townhomes For Sale in Deer Park Red Seal Developement Illinois

While driving today and waiting at the traffic lights a Smart Car passed, and so I wondered, how are these little fuel efficient cars going to fair in a month or two when we are diggiing out from 6, 12 or 24 inches of snow, perhaps dumped on us day after day. My thoughts are they are going to be in trouble and I found this video online.

Of course this was filmed in the UK, I recognise the license plate style. I apologize to any that own a Smart Car, but this was the best laugh I had in a long time. There is barely 2 inches of snow on the ground in this video.

I hope you have a back up for those snowy days!

Barrington Illinois as well as some of the surrounding communities like Invermess, Kildeer, Long Grove is lucky. Or I should say the residents are lucky. Our area is somewhat immune to the the world of mortgage defaults. I am not saying we don't have any, but our rate of foreclosures is very low. The last time I looked up the data we were still under 2%. If I compare this to some areas in California, Florida, Arizona that have foreclosure rates as high as 40% or more, then yes we are lucky.

Barrington is a very popular place to live. With the great school district, lower taxes than some other areas, it is not surprising with all the online and on TV buzz about foreclosures, that buyers have stepped up to the plate and want to buy a foreclosure here. Indeed, this week alone I have receieved 4 requests for a foreclosed home in Barrington. The requirements for those four buyers is almost identical! So how many houses are there to meet the needs of those 4 buyers -ZERO!

So why are there very few foreclosed homes in Barrington. In addition to the low foreclosure rate, it is obvious that homeowners in trouble are taking the pro-active approach and listing their homes as Short Sales. If all the homes in default get listed with adequate time, the experienced listing agents are pricing right, getting offers and negotiating them with the lender, and the sales are closing. So these homes never get foreclosed on, they are literally swept away before the foreclosure buyers ever see them.

Your Requirements. A Palace? If you are looking for a foreclosure in Barrington and start adding all the things you need in a home, one by one the remaining inventory is crossed off your list. Add to that the fact the within 10 days of being listed most of the homes are under contract and you are fighting an uphill battle.

What can you do? First you should consider looking at all the short sales. There are more of these and you are more likely to find a match. Second you should consider looking at all homes available that match your criteria. Prices are probably the lowest they will be and there are always opportunities for getting a great price on a home. If you stick with the foreclosures, then be prepared to:

• Wait
• Act Very Fast
• Be Prepared to be Disappointed.

But I want $100,000 instant equity! Don't we all! Low ball offers, should you make them. Please remember that foreclosed homes are already discounted, so you are already getting a deal. Also bear in mind, you are not the only person looking for a bargain. In fact many forelosed homes are now selling above the asking price. Why? Because serious buyers recognize that the home is priced well and that to be sure they get the house they want, offering above asking price is a great way of putting yourself at the front. Making low ball offers on short sales will hit a brick wall. Ask me why!

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Contact Corinne Guest Broker & Owner Royal Advocate Realty Licensed Realtor® in Illinois, for real estate in Barrington, Lake Barrington, North Barrington, South Barrington, Barrington Hills, Inverness and Deer Park, as well as Lake Zurich, Hawthorn Woods, Kildeer and Long Grove in Lake County Illinois.

Call me 847-363-3686 for assistance.

Copyright © 2009 By Corinne Guest, All Rights Reserved. Bank Owned Homes Barrington Illinois - Where Have All The Foreclosures Gone?