This West Side Graystone Investment Opportunity is updated for move in or immediate rental income. Two three bedroom apartments, rent around $1000/m. Its vintage features include oak trim throughout and newly refinished hardwood floors. Completed with an oversized yard, a large back porch storage area, a two car garage and a patio make living on this extra wide Chicago lot a pleasure. Listed for short sale at $99000. Requires bank approval.Thursday, January 27, 2011
2 Flat West Side Investment Opportunity
This West Side Graystone Investment Opportunity is updated for move in or immediate rental income. Two three bedroom apartments, rent around $1000/m. Its vintage features include oak trim throughout and newly refinished hardwood floors. Completed with an oversized yard, a large back porch storage area, a two car garage and a patio make living on this extra wide Chicago lot a pleasure. Listed for short sale at $99000. Requires bank approval.
Chicago Real Estate Matchmaker: 2 Flat West Side Investment Opportunity
Chicago Real Estate Matchmaker: 2 Flat West Side Investment Opportunity: "This West Side Graystone Investment Opportunity is updated for move in or immediate rental income. Two three bedroom apartments, ..."
Tuesday, November 30, 2010
3049- 53 W Eastwood Amazing Short Sale
Amazing opportunities in the buyer's market today like this one in the
ex-governors neighborhood, Ravenswood Manor at 3049- 53 W Eastwood.
This is an outstanding
2B 2B condo with exquisite features in an open living design. It boasts hardwood floors in the living areas, a separate dining room adjacent to the kitchen and living room, and a spa-like master bath. All this is topped with parking included and a private patio five steps out the back door! Priced for the aggressive shopper, in a short sale at $159900. See it on http://www.therealestatematchmaker.com/, or by signing in at http://www.illinoisproperty.com/
ex-governors neighborhood, Ravenswood Manor at 3049- 53 W Eastwood.
This is an outstanding
2B 2B condo with exquisite features in an open living design. It boasts hardwood floors in the living areas, a separate dining room adjacent to the kitchen and living room, and a spa-like master bath. All this is topped with parking included and a private patio five steps out the back door! Priced for the aggressive shopper, in a short sale at $159900. See it on http://www.therealestatematchmaker.com/, or by signing in at http://www.illinoisproperty.com/
Monday, November 15, 2010
Networking for Professional Results
Networking, seems we're all doing it.
N .....stands for NOTES. Write notes to follow up.
E.......stands for Educational. Learn about THEIR business.
T.......stands for Team. Ask how can I promote your business so we can become a referral team.
W.....stands for Work. Networking is an everyday work task that must be done.
O......stands for Other Oriented. You must be Other centered or the work of networking doesn't work.
R......stands for Referrals. The outcome of positive networking is business referrals.
K......stands for In KIND. You will receive referrals in KIND to those you give. Or Givers Gain.
N .....stands for NOTES. Write notes to follow up.
E.......stands for Educational. Learn about THEIR business.
T.......stands for Team. Ask how can I promote your business so we can become a referral team.
W.....stands for Work. Networking is an everyday work task that must be done.
O......stands for Other Oriented. You must be Other centered or the work of networking doesn't work.
R......stands for Referrals. The outcome of positive networking is business referrals.
K......stands for In KIND. You will receive referrals in KIND to those you give. Or Givers Gain.
Wednesday, August 18, 2010
Chicago Real Estate Market
Perspective: Chicago Real Estate Market - It's a Price War and a Beauty Contest!
My clients ask me, from Washington State to Chicago, to Boston Mass, what is happening in the Chicago market?
I call it a split personality. We have the market personified by the average first time home/condo buyer or young family outgrown their condo, and the Foreclosure buyer.
The first wants a home for the next 5-7 years that will be close to work, the "EL" or Metra to reduce time commuting, and walking distance to restaurants, entertainment, recreation, parks, and maybe the lakefront. These are willing and able to pay "market price" for top of the line features, ie: in unit washer dryer, and upgrades. If condo prospect, they are also willing to buy conveniences like the building amenities such as 24 hour doorman, and the gym. These, however, are among only about 20% of those out looking. Inventory is high and prices are approximately 2001 levels.
For you sellers, that means about two parties of ten showings will buy anything at "market price" in your neighborhood at all. So make every showing count.
The "other" side of the market personality is the foreclosure type. These people are just like the first, only they expect to get it all for a "steal" or the foreclosure, bank owned price: top of the line features, upgrades, mint condition, full amenities, low assessments. These buyers contribute and set the data results which tells us that sales are up this June over last.
And so sellers ask, why didn't mine sell?
The answer is very simple: it wasn't the lowest price, most beautiful on the block, or in the building. It's a price war and a beauty contest. Make every showing count!
My clients ask me, from Washington State to Chicago, to Boston Mass, what is happening in the Chicago market?
I call it a split personality. We have the market personified by the average first time home/condo buyer or young family outgrown their condo, and the Foreclosure buyer.
The first wants a home for the next 5-7 years that will be close to work, the "EL" or Metra to reduce time commuting, and walking distance to restaurants, entertainment, recreation, parks, and maybe the lakefront. These are willing and able to pay "market price" for top of the line features, ie: in unit washer dryer, and upgrades. If condo prospect, they are also willing to buy conveniences like the building amenities such as 24 hour doorman, and the gym. These, however, are among only about 20% of those out looking. Inventory is high and prices are approximately 2001 levels.
For you sellers, that means about two parties of ten showings will buy anything at "market price" in your neighborhood at all. So make every showing count.
The "other" side of the market personality is the foreclosure type. These people are just like the first, only they expect to get it all for a "steal" or the foreclosure, bank owned price: top of the line features, upgrades, mint condition, full amenities, low assessments. These buyers contribute and set the data results which tells us that sales are up this June over last.
And so sellers ask, why didn't mine sell?
The answer is very simple: it wasn't the lowest price, most beautiful on the block, or in the building. It's a price war and a beauty contest. Make every showing count!
Saturday, February 13, 2010
Dear Chicago Real Estate home buyers and buyers' Realtors,
You all may or may not remember when you or your family was selling the house. I remember when my kids were all teenagers, that would be four of them between 7th and 12th grade and we were selling the Oak Park house. That year was the one everyone developed a new habit: making the bed EVERY day. Even so, when we knew there was a showing scheduled we went above and beyond to get the whole house both tidy and clean. Occasionally we did so only to come home to realize, no one showed up for the showing. Not only no buyer, no feedback; no showing! The pits!
Please be a responsible home reviewer. If you've scheduled, take the time to tour. Your host prepared for you.
You all may or may not remember when you or your family was selling the house. I remember when my kids were all teenagers, that would be four of them between 7th and 12th grade and we were selling the Oak Park house. That year was the one everyone developed a new habit: making the bed EVERY day. Even so, when we knew there was a showing scheduled we went above and beyond to get the whole house both tidy and clean. Occasionally we did so only to come home to realize, no one showed up for the showing. Not only no buyer, no feedback; no showing! The pits!
Please be a responsible home reviewer. If you've scheduled, take the time to tour. Your host prepared for you.
Thursday, December 10, 2009
Short Sale Process
When you are selling your home in a short sale process particular paperwork is required. You must prepare a short sale package for the bank. That includes a hardship letter, the income/expense form, the last two months bank statements, 2 mortgage statements and an up to date market and absorption rate analysis. Those are necessary pieces to begin the short sale process.
Subscribe to:
Posts (Atom)
