Currently
the local real estate
market may be your 'best opportunity' market in
years! Are
you ready to take advantage of it?
Mortgage interest rates are low and prices in Northwest Suburban Illinois are still holding fairly well, generally area prices are flat. NOT EVERYWHERE IN EVERY NEIGHBORHOOD ARE PRICES FALLING.
That's why I'm saying the real estate market is local - it even makes a difference from subdivision to subdivision in every single town! But, over time and the long haul, no investment comes close to real estate so now is a great time to buy, sell or invest.
So
again,
'All real estate is local'. What's happening
in your local market is all that matters. You actually have
to ask a
great local REALTOR, like Lyn Sims
at RE/MAX Suburban what's going on in your market.
She is an expert in pricing, buying,
demand and
selling patterns. You can't google it and find out what your
market place is doing. You shouldn't rely on Yahoo, Zillow or
other erroneous sites to even give you a SWAG (sophisticated
wild a*% guess remember!). You actually have to
work with someone that knows the market inside and out and knows your
subdivision.
"OK Lyn,
tell me something I don't know." Well, I bet you didn't
realize the market slow down was happening earlier than
what you thought. It actually started in January 2006 and since then
gradually month by month market demand has declined!
The average 2008 sales price for Bartlett is actually $309,152. The total single family sales for 2008 were 250.
The typical first time home buyer is actually trying to spur our local market forward. The sales are mostly from the lowest pricing in the area (July's average was $282,000). Therefore the average prices sold during that time will be lowered. First time home buyers do not normally buy a home in the $310,000 and above range as a first home so obviously our average sales price will be lowered from that activity. Foreclosures and short sales are also selling first and fast with multiple offers.
"So it looks like Bartlett is still a solid investment - a great Midwestern town to raise your family with great schools?" YEP!
"Can
I buy a house and still sell it 2 years later if I have to move?"
YES, but you really wouldn't want to - you have to change your previous thinking a little bit. You're probably not going to come out with money in your hand! You're going to have to think a little bit more conservatively for the future years. 'Flipping' except in rare instances is not going to work no matter how many HGTV shows you watch!
And don't be scared off by stories about a 'credit crunch' either. Conventional and FHA loans are available for credit-worthy buyers seeking these types of mortgages. And mortgage interest rates remain at historically low levels. Don't be scared off by forecasts that encompass the entire United States either! Think how ridiculous that is!
"Is it a good time to buy?" I'm saying YES!
"So, people who have just went thru foreclosure are not probably going to get a loan?" YES, and in Illinois that is just a small percentage of the homes owned that are in trouble and headed for foreclosure.
People will always need to buy or sell a home whether a move is job-related or you are ready to downsize or your family is expanding.
The national
housing market
has received a lot of negative press lately with stories of mortgage
market tightening and increasing foreclosures. But for the
average person with good credit, traditional financing is readily
available. Lyn Sims still
has 100% financing available to those that
qualify! There are still programs that offer
down payment assistance to buyers - but you have to know
the right people to get the help!
It's important to do some homework before you buy to see what you can afford and what your financing options are. Today, mortgage interest rates are well below their all-time high of over 18 percent in the early 1980s. People bought homes then and they can buy them now! HEY I know 'cause I was sellin' em way back then!
But again, you need to get hooked up with the right people which I can help you with! There are lenders out there that promise and don't deliver! There are lenders out there that only offer one type of financing - they won't tell you about all the programs they don't have will they?
"Is housing still your best
long-term investment?" I'm
saying YES
again!
Homeowners who are in it for the long-term are coming out well ahead. Here's why. Because of the power of leveraging, a $10,000 down payment on a typically priced home in the United States at a typical home price appreciation of 5 percent will return $110,000 after 10 years. The same $10,000 invested in the stock market appreciating at 10 percent annual increases will result in $23,600.
Why wait? It's a good time to buy and grab your piece of that Bartlett real estate pie!
Lyn Sims of Re/Max Suburban (847)230-7324 works in the Northwest Suburban Chicago areas of Schaumburg, Roselle, Streamwood, Bloomingdale, Elk Grove Village, Hoffman Estates, Hanover Park, Elgin, South Elgin, Carol Stream, Medinah, Palatine, and yes Bartlett.
Offering local real estate advice for 25 years!
My little buddy the 'Blog Dog' knows Bartlett!
You're not familiar with Bartlett? Here's a town overview.
Sources: National Association of REALTORS®, MRED MLS, Agent Metrics Marketing, my little pencil and calculator.
Currently
the local real estate
market may be your 'best opportunity' market in
years! Are
you ready to take advantage of it?
Mortgage interest rates are low and prices in Northwest Suburban Illinois are still holding fairly well, generally area prices are flat. NOT EVERYWHERE IN EVERY NEIGHBORHOOD ARE PRICES FALLING.
That's why I'm saying the real estate market is local - it even makes a difference from subdivision to subdivision in every single town! But, over time and the long haul, no investment comes close to real estate so now is a great time to buy, sell or invest.
So again, 'All real estate is local'. What's happening in your local market is all that matters. You actually have to ask a great local REALTOR, like Lyn Sims at RE/MAX Suburban what's going on in your market. She is an expert in pricing, buying, demand and selling patterns. You can't google it and find out what your market place is doing. You shouldn't rely on Yahoo, Zillow or other erroneous sites to even give you a SWAG (sophisticated wild a*% guess remember!). You actually have to work with someone that knows the market inside and out and knows your subdivision.
So let's take a look at what is generally happening in Streamwood - Notice in the sales graph prices are not spiraling downward like the media would have you believe. The median house value in Illinois for 2007 was $272,600 which is UP from the survey done in 2000 of $178,200. So that's a pretty good return on your investment!
"OK Lyn,
tell me something I don't know." Well, I bet you didn't
realize the market slow down was happening earlier than
what you thought. It actually started in January 2006 and since then
gradually month by month market demand has declined!
The average 2008 sales price for 60107 is actually $227,500. The total single family sales for 2008 were 219.
The typical first time home buyer is actually trying to spur our local market forward. The sales are mostly from the lowest pricing in the area (November's average was $184,000). Therefore the average prices sold during that time will be lowered. First time home buyers do not normally buy a home in the $300,000 and above range as a first home so obviously our average sales price will be lowered from that activity. Foreclosures and short sales are also selling first and fast with multiple offers.
"So it looks like Streamwood is still a solid investment - a great Midwestern town to raise your family with great schools?" YEP!
"Can
I buy a house and still sell it 2 years later if I have to move?"
YES, but you really wouldn't want to - you have to change your previous thinking a little bit. You're probably not going to come out with money in your hand! You're going to have to think a little bit more conservatively for the future years. 'Flipping' except in rare instances is not going to work no matter how many HGTV shows you watch!
And don't be scared off by stories about a 'credit crunch' either. Conventional and FHA loans are available for credit-worthy buyers seeking these types of mortgages. And mortgage interest rates remain at historically low levels. Don't be scared off by forecasts that encompass the entire United States either! Think how ridiculous that is!
"Is it a good time to buy?" I'm saying YES!
"So, people who have just went thru foreclosure are not probably going to get a loan?" YES, and in Illinois that is just a small percentage of the homes owned that are in trouble and headed for foreclosure.
People will always need to buy or sell a home whether a move is job-related or you are ready to downsize or your family is expanding.
The national
housing market
has received a lot of negative press lately with stories of mortgage
market tightening and increasing foreclosures. But for the
average person with good credit, traditional financing is readily
available. Lyn Sims still
has 100% financing available to those that
qualify! There are still programs that offer
down payment assistance to buyers - but you have to know
the right people to get the help!
It's important to do some homework before you buy to see what you can afford and what your financing options are. Today, mortgage interest rates are well below their all-time high of over 18 percent in the early 1980s. People bought homes then and they can buy them now! HEY I know 'cause I was sellin' em way back then!
But again, you need to get hooked up with the right people which I can help you with! There are lenders out there that promise and don't deliver! There are lenders out there that only offer one type of financing - they won't tell you about all the programs they don't have will they?
"Is housing still your best
long-term investment?" I'm
saying YES
again!
Homeowners who are in it for the long-term are coming out well ahead. Here's why. Because of the power of leveraging, a $10,000 down payment on a typically priced home in the United States at a typical home price appreciation of 5 percent will return $110,000 after 10 years. The same $10,000 invested in the stock market appreciating at 10 percent annual increases will result in $23,600.
Why wait? It's a good time to buy and grab your piece of that Streamwood pie!
Lyn Sims of Re/Max Suburban (847)230-7324 works in the Northwest Suburban Chicago areas of Schaumburg, Roselle, Bartlett, Bloomingdale, Elk Grove Village, Hoffman Estates, Hanover Park, Elgin, South Elgin, Carol Stream, Medinah, Palatine, and yes Streamwood.
Offering local real estate advice for 25 years!
The 'Blog Dog' knows Streamwood!
Sources: National Association of REALTORS®, MRED MLS, Agent Metrics Marketing, my little pencil and calculator.
marketing tips that you might
want to know about if you are planning on selling your home?
List price to sales price ratio has been from 92% to 98%. That equates to 2% to 8% off the stated list price. The normal ratio used to be around 3% during the 'good old days' with a fast paced market. One property did have a 21% sales price ratio which is very unusual and another instance of a foreclosure sale where that ratio was only 3%. Go figure!
NO
WORK involved. NONE being
zero. No wallpaper removal, no painting, and for heavens sake
no kitchen remodel! I’ve also noticed
that buyers are becoming
'overwhelmed' with the process remodeling entails even in their
heads. So a warning to all sellers reading this
– your agent is not making this stuff up! Buyers do
not want to remodel your house! They don’t want to
change the 80’s wallpaper that you don’t even like
any more!
Wanna see the RE/MAX Market Share in Bartlett?
Lyn Sims (847)230-7324 at RE/MAX Suburban
The
Blog Dog knows Bartlett!
Email her at: LynSims@remax.net
I proudly serve and sell real estate in the Northwest Suburbs of Chicago. If you are thinking about purchasing or selling your home in the communities of Bartlett, Streamwood, Elk Grove Village, Schaumburg, Hoffman Estates, 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.
A
home warranty can give a purchaser peace of mind. If anything
catastrophic happens in the house, you are only financially liable for
the deductible. So if the furnace goes out one evening and
you
just can't get it going (as long as it is maintained and not abused)
you would call the warranty company and they would send out a
technician to fix/repair/replace the furnace depending on the problem.
So yes, if the furnace did indeed blow up (heat exchanger)
you
would get a new furnace of comparable quality. You cannot
choose
the technician or company involved but for years my clients have used
these warranties with no problems. You just have to give up a
little control with that extra peace of mind.
What if the house is a disaster? Foreclosure? You can only guess from the home inspection how the systems and appliances were previously treated. In some homes it is completely obvious that they haven't been maintained at all! The particular system or appliance must be in working order as of the closing for the warranty to cover that particular item. So if you purchase a home where the dishwasher is not working or cannot be fully tested, the dishwasher would be excluded.
WHAT WILL IT DO FOR ME AS A SELLER?
It
can offer the
buyer peace of mind and bolster their faith that all the appliances and
systems in the house can be repaired if anything does go wrong.
The nominal deductible seems very reasonable when a service
charge alone is usually double the deductible.
Normally I wouldn't suggest this if you have a new furnace or
this is a newer home. The perfect selling solution for a home
and
a warranty is where the furnace is around 10 years old and all
the
appliances have been well maintained and cared for but varied ages.
As a seller, your home would be covered as of the listing day thru the closing day. Then the warranty would transfer on to the buyer at closing and then continue for that full year. The warranty is paid for at the closing.
Currently these two companies are RE/MAX Benefits Partners which lets me offer you a reduced price on warranty policies given thru my company for listing or buying a home thru me. Depending on the sized home and features covered this can be up to a $750 value.
Possible Savings: AC or Heating System $1250 to $5000
Washer or Dryer $200 to $1000
Stove $500 to $1400
Refrigerator $600 to $1200
Water Heater $375 to $800
Home Component Life Expectancy Article
A home warranty
is a service contract, normally for one year, which helps protect home
owners/home buyers against the cost of unexpected covered
repairs or replacement on their major systems and appliances that break
down due to normal wear and tear.
Coverage is for systems and
appliances in good working order at the start of the contract.
Check each home warranty policy from each company to see which of the
following items are covered and which company you prefer.
Also
find out if the policy covers the full replacement cost of an item.
Deductibles are
usually $55 - $75 - $100 depending on what plan you select for
'EACH' occurance.
HERE ARE TWO RELIABLE COMPANIES THAT OFFER POPULAR PLANS FOR YOU TO CHOOSE.
Show me what Home Warranty of America Offers
Lyn Sims (847)230-7324 at RE/MAX Suburban
The 'Blog Dog' knows Streamwood!
I proudly serve and 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, Hanover Park, Elgin, South Elgin, St. Charles, Elk
Grove Village, Schaumburg, Hoffman Estates, Roselle, Palatine, Medinah,
Itasca, Bloomingdale, Carol Stream and
more importantly, want to work with a local area expert,
contact me
immediately.
WHAT WILL IT DO FOR ME AS A BUYER?
A
home warranty can give a purchaser peace of mind. If anything
catastrophic happens in the house, you are only financially liable for
the deductible. So if the furnace goes out one evening and
you
just can't get it going (as long as it is maintained and not abused)
you would call the warranty company and they would send out a
technician to fix/repair/replace the furnace depending on the problem.
So yes, if the furnace did indeed blow up (heat exchanger)
you
would get a new furnace of comparable quality. You cannot
choose
the technician or company involved but for years my clients have used
these warranties with no problems. You just have to give up a
little control with that extra peace of mind.
What if the house is a disaster? Foreclosure? You can only guess from the home inspection how the systems and appliances were previously treated. In some homes it is completely obvious that they haven't been maintained at all! The particular system or appliance must be in working order as of the closing for the warranty to cover that particular item. So if you purchase a home where the dishwasher is not working or cannot be fully tested, the dishwasher would be excluded.
WHAT WILL IT DO FOR ME AS A SELLER?
It
can offer the
buyer peace of mind and bolster their faith that all the appliances and
systems in the house can be repaired if anything does go wrong.
The nominal deductible seems very reasonable when a service
charge alone is usually double the deductible.
Normally I wouldn't suggest this if you have a new furnace or
this is a newer home. The perfect selling solution for a home
and
a warranty is where the furnace is around 10 years old and all
the
appliances have been well maintained and cared for but varied ages.
As a seller, your home would be covered as of the listing day thru the closing day. Then the warranty would transfer on to the buyer at closing and then continue for that full year. The warranty is paid for at the closing.
Currently these two companies are RE/MAX Benefits Partners which lets me offer you a reduced price on warranty policies given thru my company for listing or buying a home thru me. Depending on the sized home and features covered this can be up to a $750 value.
Possible Savings: AC or Heating System $1250 to $5000
Washer or Dryer $200 to $1000
Stove $500 to $1400
Refrigerator $600 to $1200
Water Heater $375 to $800
Home Component Life Expectancy Article
A home warranty
is a service contract, normally for one year, which helps protect home
owners/home buyers against the cost of unexpected covered
repairs or replacement on their major systems and appliances that break
down due to normal wear and tear. Coverage is for systems and
appliances in good working order at the start of the contract.
Check each home warranty policy from each company to see which of the
following items are covered and which company you prefer.
Also
find out if the policy covers the full replacement cost of an item.
Deductibles are
usually $55 - $75 - $100 depending on what plan you select for
'EACH' occurance.
HERE ARE TWO RELIABLE COMPANIES THAT OFFER POPULAR PLANS FOR YOU TO CHOOSE.
Show me what Home Warranty of America Offers
Lyn Sims (847)230-7324 at RE/MAX Suburban
The 'Blog Dog' knows Bartlett!
I proudly serve and sell
real estate in the Northwest
Suburbs of Chicago.
If you are
thinking about purchasing
or selling your home in the communities of Bartlett,
Hanover Park, Streamwood, Elgin, South Elgin, St. Charles, Elk
Grove Village, Schaumburg, Hoffman Estates, Roselle, Palatine, Medinah,
Itasca, Bloomingdale, Carol Stream and
more importantly, want to work with a local area expert,
contact me
immediately.
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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