Diligently trying to keep both buyers and sellers informed on the local Bartlett Illinois housing market has 
been my goal for many years. This market update gives you the number of homes that have sold by price range so you get a feel for the current sales activity. Which is up by the way - but not by much!
15% over the last quarter!
Is it the $8000 Tax Credit? Is it the lower interest rates? Or maybe just great values in the area?
How can you use this information if you are a buyer? The price range that you are thinking of purchasing in, is it one of the more active price areas of the market? It would be telling you that there are a lot of other buyers also in your price range all looking for that 'deal!'
How can this information help you if you are a seller? If you are planning on selling your home soon, you can see which price ranges are the most active. Clearly the price range above $300,000 has been non-existent and rarely sales have occurred. You might have to plan accordingly for extra market time. As a seller, you have to be sure that your home's curb appeal and presentation is ‘spot on’ in a market like this. Possibly some extra updates and staging might be required before you put your home on the market. Do you know what the average market time is for your price range?
But what about all the foreclosures Lyn? Of those 20 total sales only 5 were foreclosures and 3 were short sales. Most of those foreclosures were under the $150,000 price.
Looking for a market expert to help you sell your home in the area?
Looking for a great home in the area?
Lyn Sims (847)230-7324 at
RE/MAX Suburban
The 'Blog Dog' gives market 'pawspective'.
This darn dog and I proudly sell real estate in the Northwest Suburbs of Chicago. If you are thinking about purchasing or selling your home in the communities of Bartlett, Elk Grove Village, Hoffman Estates, Schaumburg, Roselle, Palatine, Medinah, Itasca, Bloomingdale, Carol Stream, Hanover Park, Streamwood, Elgin, South Elgin, St. Charles and more importantly, want to work with a local area expert, contact me immediately.
Sources and credits: MRED MLS, my little calculator and golf pencil.
Disclaimer: All data and information provided on this blog is for informational purposes only. Lyn Sims makes no representations as to accuracy, completeness, correctness, suitability or validity of any information on this site and will not be liable for any errors, omissions, or delays in information or any losses, injuries, or damages arising from it’s display or use.
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Well is this good news? We shall see. Don't forget to look for this assessment change in your mailbox coming soon. 
Don't forget that every Illinois homeowner has the right to protest their taxes if they feel they are being overvalued and over taxed. Just wanted to be sure that you were informed as the county doesn't seem to be getting the word out like it should. This will effect all homeowners in Cook County!
Cook County Assessor Jim Houlihan announced that residential properties not being reassessed this year will receive a market adjustment reflecting the real estate downturn. Residential properties in 30 suburban townships will receive reductions in their assessed value.
“The situation we are facing is extraordinary. Foreclosures and declines in sale prices and volume have taken a toll on home values,” Houlihan said. “After careful analysis of market sales and foreclosure data, we determined these townships should not have to wait until their next reassessment for the impact to be reflected."
“Homeowners are already getting less protection from the 7% Expanded Homeowner Exemption this year,” Houlihan added, noting the General Assembly’s decision to phase it out. “That makes the adjustment even more urgent.”
As part of this historic step, the Assessor’s Office will mail notices to every property owner in Cook County this year. Normally, properties are assessed every three years and receive notices only then. The north suburbs are not scheduled to be reassessed until 2010; the south and west suburbs will be reassessed in 2011.
This year, each suburban township will receive an adjustment percentage, which will lower the existing assessed values of all residential properties in that township, Houlihan said. The reductions will likely range from 4% to 15%.
“Areas hit hard by foreclosures and market drops will see the biggest reductions. We will continue to monitor the market. The percentage reductions will change if the conditions warrant it,” Houlihan said.
The first notices will be sent to River Forest Township in May and will reflect a 5% reduction for residences there. Cicero Township, burdened by a high foreclosure rate and a battered sales market, will receive a 15% reduction, Houlihan said.
The market reductions come as the Assessor’s Office is implementing the 10/25 Ordinance, a measure simplifying assessment levels passed by the County Board last year. Under the ordinance, the assessment level of residential properties is 10% of market value; for industrial and commercial properties, it is 25% of market value.
Lyn Sims (847)230-7324 at RE/MAX Suburban
The 'Blog Dog' gives her 'Pawspective'!
This darn dog and I proudly sell real estate in the Northwest Suburbs of Chicago. If you are thinking about purchasing or selling your home in the communities of Streamwood, Bartlett, Elk Grove Village, Hoffman Estates, Schaumburg, Roselle, Palatine, Medinah, Itasca, Bloomingdale, Carol Stream, Hanover Park, Elgin, South Elgin, St. Charles and more importantly, want to work with a local area expert, contact me immediately.
Disclaimer: All data and information provided on this blog is for informational purposes only. Lyn Sims makes no representations as to accuracy, completeness, correctness, suitability or validity of any information on this site and will not be liable for any errors, omissions, or delays in information or any losses, injuries, or damages arising from it’s display or use.
Hanover Township Assessor - June 2009 ©2009 TheBlogDog.net and Lyn Sims
Lyn Sims (847)230-7324 at RE/MAX Suburban
The 'Blog Dog' knows Bartlett!
This darn dog and I proudly sell real estate in the Northwest Suburbs of Chicago. If you are thinking about purchasing or selling your home in the communities of Bartlett, Elk Grove Village, Hoffman Estates, Schaumburg, Roselle, Palatine, Medinah, Itasca, Bloomingdale, Carol Stream, Hanover Park, Streamwood, Elgin, South Elgin, St. Charles and more importantly, want to work with a local area expert, contact me immediately.
Disclaimer: All data and information provided on this blog is for informational purposes only. Lyn Sims makes no representations as to accuracy, completeness, correctness, suitability or validity of any information on this site and will not be liable for any errors, omissions, or delays in information or any losses, injuries, or damages arising from it’s display or use.
First time Homebuyer Tax Credit - June 2009 ©2009 TheBlogDog.net and Lyn Sims
New exemption will allow homeowners residing in their homes 10 years or more to receive additional tax 
relief if the following requirements are met:
So an example would be: Your taxes are $3500 per year - the most they could increase would be $245 and you would have to make less than $75,000 per year.
So an example would be: Your taxes are $3500 per year - your income is above $75,000 but below $100,000 your taxes could only increase $350 per year.
Please note the Long-Time Occupant Exemption cannot be received with the 7% Expanded Homeowner Exemption (in layman's terms, this is the regular homeowners exemption that one receives) or the Senior Freeze Exemption. The most beneficial exemption (the one that takes off the most amount of money) will be applied to the property.
If you would like additional information regarding this new exemption or any other exemption, please go to www.cookcountyassessor.com or your local assessor's office for a thorough explanation.
Be sure that you are applying for your exemptions so that you only pay what is necessary every year!
Be vigilant! The county is not making this information readily available to all that need to know!
Long-time Occupant Homestead Exemption (LOHE) – Cook County Only
Public Act 95-644 that passed into law in 2007 created a new homestead exemption for counties that are subject to the AGHE (currently only in Cook County). The new exemption is in effect in Cook County beginning with 2007 tax year for residential property that is occupied as a primary residence for a continuous period by a qualified taxpayer with a total household income of $100,000 or less. The property must be occupied for 10 continuous years or 5 continuous years if the person receives assistance to acquire the property as part of a government or non-profit housing program. This exemption limits EAV increases to a specific annual percentage increase that is based on the total household income of $100,000 or less. A total household income of $75,000 or less is limited to a 7% annual percentage increase in EAV or a total household income of over $75,000 to $100,000 is limited to a 10% annual percentage increase in EAV. The minimum limit is the same amount calculated for the GHE with no maximum limit amount for the exemption. Properties cannot receive both the LOHE and the AGHE, GHE or SCAFHE. Properties that qualify for the SCAFHE will receive the same amount calculated for the GHE. For information and to apply contact the Cook County Assessor's Office.
Lyn Sims (847)230-7324 at RE/MAX Suburban
The 'Blog Dog' wants to be sure you file for your exemption!
This darn dog and I proudly sell real estate in the Northwest Suburbs of Chicago. If you are thinking about purchasing or selling your home in the communities of Bartlett, Elk Grove Village, Hoffman Estates, Schaumburg, Roselle, Palatine, Medinah, Itasca, Bloomingdale, Carol Stream, Hanover Park, Streamwood, Elgin, South Elgin, St. Charles and more importantly, want to work with a local area expert, contact me immediately.
Sources and credits: Cook County Assessor
Disclaimer: All data and information provided on this blog is for informational purposes only. Lyn Sims makes no representations as to accuracy, completeness, correctness, suitability or validity of any information on this site and will not be liable for any errors, omissions, or delays in information or any losses, injuries, or damages arising from it’s display or use.
Hanover Township Assessor ©2009 TheBlogDog.net and Lyn Sims
Broker and Dog with a Blog! Associated with the area's top listing and selling company for over 25 years! Social Media Agent gets top in internet presence in the Northwest Suburban Chicago Area.
You can feel confident that whether it's pricing your home, qualifying the purchaser, negotiating a contract, lining up financing, coordinating the closing, displaying the latest advertising techniques or just explaining the entire process ... you can always rely on her ability to guide you thru the whole process!
Above all, you'll know she has the confidence and the experience to get the job done!
The bottom line for you as a seller is more money in your pocket, the bottom line for you as a buyer is saving money with a better purchase price!
Working with one of the largest and most successful firms in the area, I can give you the greatest competitive advantage whether buying or selling!
Lyn's website is one of the top 75 RE/MAX agent websites in the Northern Illinois Region for 2006, 2007 and 2008 (Hey there's 3200 total agents). This brings in more buyer traffic for your home.
You will have confidence that with over 25 years experience, she knows how to negotiate the best price for you in today's market.
Earning a Brokers designation has provided her with the advanced marketing knowledge required to sell homes faster, and for more money in today's competitive marketplace.
You have the assurance that she has been working hard right in your neighborhood year after year - full time.
You need a competitive advantage! Being with one of the largest and most successful firms in the area, she can deliver that in this tough market. Gone are the days when homes 'sell themselves'.
You deserve effectiveness! While other companies are barely holding their market share, we are outproducing our competitors year after year! Within the Northwest Suburban Market Area (MRED) for 2008, RE/MAX had 28.3% of market share! That's 1 out of every 4 homes in the area were sold by us - no one comes close to our results! DuPage County Results
Just in the Bartlett Area alone, RE/MAX has 42% of market share! That's over 1 out of every 3 homes sold there! Click here for the results!
Click here for the results in Streamwood Click here for results in Hanover Park
IF YOU WANT TO BUY .... LYN WILL ....
IF YOU WANT TO SELL . . . . LYN WILL . . . .
MY COMMITMENT TO YOU!
I Promise ..... To provide the highest degree of honesty and integrity, coupled with professional and effective service for all the clients I represent. I will never tell a client anything but the truth, I will never promise anything I can not or will not deliver.
I Promise ..... To monitor and coordinate every transaction from contract to closing with the support of my staff and every one involved in the sale of your property. To conduct a professional and trouble free closing.
I Promise ..... To help my client receive the best possible price for their home based upon the market and economic conditions.
I Promise ..... To continually strive for excellence in my profession, to look for more effective ways to better service my clients.
THIS IS MY PERSONAL DEDICATION TO ALL MY CLIENTS!
Past Client Testimonials:
She is a 'Can Do' person that makes you feel good about the whole process of selling your home. From the very beginning we felt so comfortable with her and had great confidence in her experience and knowledge of the Real Estate market. After our first meeting with her, we knew she was the agent for us. She guided us through the whole process with helping us with presentation and never letting us lose hope, even in these difficult times with the market. She was always coming up with fresh, new, and innovative marketing techniques to stimulate interest and market our place. She also always kept you well informed on what was happening in the Real Estate market in our area with updates on listings, and sales.
You could not ask for a more knowledgeable, and dedicated agent than Lyn Sims. You always knew she was there for you with good advice and the knowledge that she was always looking out for your best interest. When we had a problem, she was the one we knew if we called her, she would come up with a very workable solution. We will always value her professionalism and friendship and would recommend her to all our friends.- J.B. and S.B., Freeport, formerly of Schaumburg
"Purchasing my first home was very exciting for me and I appreciate you being there to guide me through. Thanks so much for all your help!"
- C.D., Bloomingdale
"She proved to be knowledgeable and professional every step of the way. She gave expert advice and kept me continually informed!"- G.R., Schaumburg
"You've helped me in so many ways since I started my search for this home. I'll always recommend you to my friends!"- J.D., Schaumburg
"She is a hard working and aggressive agent! We would not hesitate to recommend her to others who are in the market to buy and sell a home!"- P.G., Buffalo Grove
"Lyn's cooperation, resourcefulness & willingness to do whatever was necessary to overcome a variety of difficulties we encountered with our home sale was most appreciated!"- M.K., Inverness
"I appreciated her cheerful, courteous disposition and perseverance in finding new ways to market my home!"
- P.H., Wilmette
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