Boy oh Boy- there are deals out there-
The opportunities exist in a BIG way for those who get it..But, then not everyone does!
I have had more offers on well priced properties that buyers still low ball!
And they cannot see the difference between that which is priced at or below market to trigger an offer and those loosely priced from non motivated sellers.
It seems some want to use percentages to offer and to use to conclude a sale ...hmmm
and this percentage varies wildly. And to boot, has no bearing on the available comps of the last month or two
But when you look at those homes that sell and their percentage list to sales price they are SOOOO MUCH higer-
Why??? Because they were priced to sell. These numbers depending on property location and type are very often at 96 - 98 % of the listing price!
So if you want to buy, get in the game and be clear on what the deals are - And you might just find the opportunity you wished for.
Saturday, July 11, 2009
Saturday, June 27, 2009
Real estate market needs a Boost- some stimulous proposals could help
Will there be an expansion of the first time home buyer tax credit? This current credit is good only through November 09.
Lots of variations out there... the current 8k could be potentially raised to 15k (wishful) and include all buyers. Boy, wouldn't that light a fire under some buyers.
One can only hope as some earlier proposals were voted down.
I think the best and more likely scenario is to extend the current credit to ALL buyers; get rid of the income cap and extend though 2010, to really get things moving.
We will have to wait and see
Lots of variations out there... the current 8k could be potentially raised to 15k (wishful) and include all buyers. Boy, wouldn't that light a fire under some buyers.
One can only hope as some earlier proposals were voted down.
I think the best and more likely scenario is to extend the current credit to ALL buyers; get rid of the income cap and extend though 2010, to really get things moving.
We will have to wait and see
Monday, June 1, 2009
Help Chicago's Homeless Animals- Realtors to the Rescue June Towel Drive
TOWEL DRIVE
REALTORS® TO THE RESCUE
OF HOMELESS ANIMALS
In conjunction with The Chicago Association of Realtors®, Realtors to the Rescue is sponsoring a towel drive during the month of June. We are collecting used, clean towels to donate to a group of shelters in the city of Chicago. Please join us in providing this needed resource to the shelters who are caring for the needy animals of Chicago.
Realtors® To The Rescue is a 501c3 organization and a program of the Chicago Association of Realtors® dedicated to helping homeless animals in the Chicago area by promoting adoption of homeless pets and supporting local area shelters in their missions.
Check out our website at:
www.realtorstotherescue.com
REALTORS® TO THE RESCUE
OF HOMELESS ANIMALS
In conjunction with The Chicago Association of Realtors®, Realtors to the Rescue is sponsoring a towel drive during the month of June. We are collecting used, clean towels to donate to a group of shelters in the city of Chicago. Please join us in providing this needed resource to the shelters who are caring for the needy animals of Chicago.
Realtors® To The Rescue is a 501c3 organization and a program of the Chicago Association of Realtors® dedicated to helping homeless animals in the Chicago area by promoting adoption of homeless pets and supporting local area shelters in their missions.
Check out our website at:
www.realtorstotherescue.com
Wednesday, May 13, 2009
This is huge!! Tax credit for down Payment! Read all about it!
From Realtor Magazine
Daily Real Estate News May 12, 2009
Tax Credit Can Be Used for Down Payment Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, on Tuesday said that the Federal Housing Administration is going to permit its lenders to allow home buyers to use the $8,000 tax credit as a down payment.Previously, most buyers wouldn't receive the funds until after they filed their tax return, and that deterred some people from using the credit. The NATIONAL ASSOCIATION OF REALTORS® has been calling for the change. “We all want to enable FHA consumers to access the home buyer tax credit funds when they close on their home loans so that the cash can be used as a down payment,” Donovan says. His remarks came in an address to several thousand REALTORS® gathered Tuesday morning at "The Real Estate Summit: Advancing the U.S. Economy," at the 2009 REALTORS® Midyear Legislative Meetings & Trade Expo in Washington, D.C..He says FHA’s approved lenders will be permitted to “monetize” the tax credit through short-term bridge loans. This will allow eligible home buyers to access the funds immediately at the closing table.Other Solutions for Today's MarketDuring his address at the summit, Donovan went on to say that the Obama administration plans to further stabilize the housing market. “I do think we have some early signs that the market overall is stabilizing,” Donovan says. “Since January we’ve seen both home sales moving up and down around a relatively stable number and we are seeing the first signs that the rapid decline in home prices is starting to abate.”The morning session included a panel discussion that was moderated by CNBC’s Ron Insana. Panelists examined cutting-edge solutions necessary to promote and preserve homeownership and real estate development, stimulate the economy, and protect the nation’s taxpayers. They also shared their ideas on what the role and responsibility of the federal government is in the revitalization effort. “Right now the Federal Reserve is the market,” said panelist Jay Brinkman, chief economist for the Mortgage Bankers Association. “What will be the effect when the Fed stops buying?” Brinkman explained that an exit strategy must be planned for the long-term; the federal government cannot continue to support the mortgage markets indefinitely.“We are thrilled that so many high-caliber individuals were able to join us today at this important meeting to promote stability in the housing market and the U.S. economy,” said NAR President Charles McMillan. “We look forward to an ongoing dialogue and action toward this goal, during our midyear meetings this week and beyond.”The real estate summit is part of the 2009 REALTORS® Midyear Legislative Meetings & Trade Expo. During the week ending May 16, more than 8,500 REALTORS® will attend meetings, visit lawmakers and inspire action on Capitol Hill.
Source: NAR
Daily Real Estate News May 12, 2009
Tax Credit Can Be Used for Down Payment Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, on Tuesday said that the Federal Housing Administration is going to permit its lenders to allow home buyers to use the $8,000 tax credit as a down payment.Previously, most buyers wouldn't receive the funds until after they filed their tax return, and that deterred some people from using the credit. The NATIONAL ASSOCIATION OF REALTORS® has been calling for the change. “We all want to enable FHA consumers to access the home buyer tax credit funds when they close on their home loans so that the cash can be used as a down payment,” Donovan says. His remarks came in an address to several thousand REALTORS® gathered Tuesday morning at "The Real Estate Summit: Advancing the U.S. Economy," at the 2009 REALTORS® Midyear Legislative Meetings & Trade Expo in Washington, D.C..He says FHA’s approved lenders will be permitted to “monetize” the tax credit through short-term bridge loans. This will allow eligible home buyers to access the funds immediately at the closing table.Other Solutions for Today's MarketDuring his address at the summit, Donovan went on to say that the Obama administration plans to further stabilize the housing market. “I do think we have some early signs that the market overall is stabilizing,” Donovan says. “Since January we’ve seen both home sales moving up and down around a relatively stable number and we are seeing the first signs that the rapid decline in home prices is starting to abate.”The morning session included a panel discussion that was moderated by CNBC’s Ron Insana. Panelists examined cutting-edge solutions necessary to promote and preserve homeownership and real estate development, stimulate the economy, and protect the nation’s taxpayers. They also shared their ideas on what the role and responsibility of the federal government is in the revitalization effort. “Right now the Federal Reserve is the market,” said panelist Jay Brinkman, chief economist for the Mortgage Bankers Association. “What will be the effect when the Fed stops buying?” Brinkman explained that an exit strategy must be planned for the long-term; the federal government cannot continue to support the mortgage markets indefinitely.“We are thrilled that so many high-caliber individuals were able to join us today at this important meeting to promote stability in the housing market and the U.S. economy,” said NAR President Charles McMillan. “We look forward to an ongoing dialogue and action toward this goal, during our midyear meetings this week and beyond.”The real estate summit is part of the 2009 REALTORS® Midyear Legislative Meetings & Trade Expo. During the week ending May 16, more than 8,500 REALTORS® will attend meetings, visit lawmakers and inspire action on Capitol Hill.
Source: NAR
Thursday, May 7, 2009
West loop Townhome-Price Slashed to $635,000
Seller of 1137 West Madison #8 wants it sold...
and slashed price to sell after just a week on the market!
This home located the west loops popular Chelsea townhomes,
built by the esteemed Belgravia Group, is beautifully maintained and move in ready! A 3bedroom home with 2 car garage, a patio, deck and balcony... and located in the preferred secured, landscaped courtyard.
Check out the video tour:
and slashed price to sell after just a week on the market!
This home located the west loops popular Chelsea townhomes,
built by the esteemed Belgravia Group, is beautifully maintained and move in ready! A 3bedroom home with 2 car garage, a patio, deck and balcony... and located in the preferred secured, landscaped courtyard.
Check out the video tour:
Friday, May 1, 2009
And great new price for land in Lakeview
Great new price $1,200,00
The corner lot 48 x 125 located at 1034-36 Wellington
With the neighboring parcel at 1040 Wellington available and also, a 48 x 125 lot
There are loads of possiblities.
The corner lot 48 x 125 located at 1034-36 Wellington
With the neighboring parcel at 1040 Wellington available and also, a 48 x 125 lot
There are loads of possiblities.
New West loop listing at 1137 West Monroe #8it a beaut- listed at $649,500
Located at the favored Chelsea townhomes, built by the Belgravia group.
Check out all the details at http://1137wmonroe8.rubloff.com/
It's a 3 bedroom plus family room, 2 1/2 bath home with 2 car attached garage. Oh, and it has a patio, deck and balcony.
There is an OPEN HOUSE sunday may 3rd 12-2 pm
See you there!
Monday, March 2, 2009
About the Lakeview LAND..
Somehow the price was NOT posted..
$1,290,000
1034-36 West Wellington
48 x 125
Zoned R3
Frame multi-unit on property.
Highest and Best use is tear down and BUILD-
For more info:
http://1034wwellington.rubloff.com/
or request survey
The double lot to the west is also available
$1,290,000
1034-36 West Wellington
48 x 125
Zoned R3
Frame multi-unit on property.
Highest and Best use is tear down and BUILD-
For more info:
http://1034wwellington.rubloff.com/
or request survey
The double lot to the west is also available
Sunday, March 1, 2009
Homebuyer credit is laden with CAVEATS
Seems we went through numerous convolusions of this ACT before settling on it-
Although it may seem like old news it not readily understood.
So here goes!! LOADS OF CAVEATS ....
Dont get me wrong it is a great benefit but not necessarily a stimulous for ALL
-It is an $8000 MAXIMUM credit for 1st time homebuyers ( but IF you previously owned but it 's been 3 years you can still qualify)
-Your adjusted GROSS income can be no more than $75K or $150k if filing jointly to recieve the entire 8000 credit. If you have more than ( 95k or 170k jointly you get NOTHING! )
-The credit does NOT have to be repaid ( so long as you live in the home for at 3 years, if you sell it the FULL amount is due)... You might remember that the 2008 credit had to be repaid.
-The home must be a principal residence and purchased between January 1, 09 but before December 1,09
-The credit reduces tax liability and is filed for on your federal tax return. It is not received at the time of purchase
So those of you who qualify, go for it! Lets move some property and get the economy moving!
Although it may seem like old news it not readily understood.
So here goes!! LOADS OF CAVEATS ....
Dont get me wrong it is a great benefit but not necessarily a stimulous for ALL
-It is an $8000 MAXIMUM credit for 1st time homebuyers ( but IF you previously owned but it 's been 3 years you can still qualify)
-Your adjusted GROSS income can be no more than $75K or $150k if filing jointly to recieve the entire 8000 credit. If you have more than ( 95k or 170k jointly you get NOTHING! )
-The credit does NOT have to be repaid ( so long as you live in the home for at 3 years, if you sell it the FULL amount is due)... You might remember that the 2008 credit had to be repaid.
-The home must be a principal residence and purchased between January 1, 09 but before December 1,09
-The credit reduces tax liability and is filed for on your federal tax return. It is not received at the time of purchase
So those of you who qualify, go for it! Lets move some property and get the economy moving!
Wednesday, February 18, 2009
Corner Double lot opportunity in Lakeview
Looking for an opportunity to build your dream home...
This 48 x 125 lot could be it- Current zoning is R3 and is perfect for single family home
development. Drive by this beautifully developed area close to everything you desire .
Then go get your builder and architect.
Survey is available.
Located at 1034- 36 Wellington
This 48 x 125 lot could be it- Current zoning is R3 and is perfect for single family home
development. Drive by this beautifully developed area close to everything you desire .
Then go get your builder and architect.
Survey is available.
Located at 1034- 36 Wellington
Saturday, February 7, 2009
the American Recovery & Reinvestment Act of 2009
So many misunderstandings about this...
Yes, it is a $15,000 buyer credit BUT it has not yet passesd the legislature.
It will be for ALL buyers primary residence ( not for investments or second home purchases), and it will NOT be repaid in most circumstances.
If you reside less than 2 years I believe there is a pay back.
The purchase will need to be made within year of passage
This will be good NOT ONLY for purchasers but everyone ..let's get thing moving ...
let us hope it passes next week! We all need this one-
Yes, it is a $15,000 buyer credit BUT it has not yet passesd the legislature.
It will be for ALL buyers primary residence ( not for investments or second home purchases), and it will NOT be repaid in most circumstances.
If you reside less than 2 years I believe there is a pay back.
The purchase will need to be made within year of passage
This will be good NOT ONLY for purchasers but everyone ..let's get thing moving ...
let us hope it passes next week! We all need this one-
Thursday, February 5, 2009
Buyers Bill will get them $15000 tax break
lets hope this passes...
yesterday the senate voted this bill for home buyers BUT it must pass the legislature next week-
This would replace the first time buyers $ 7500 credit that had to be repaid...
Is this one for all and without a repayment?
More details to come
yesterday the senate voted this bill for home buyers BUT it must pass the legislature next week-
This would replace the first time buyers $ 7500 credit that had to be repaid...
Is this one for all and without a repayment?
More details to come
Wednesday, February 4, 2009
Looking for a house in the heart of Roscoe Village?
This is the one you have been looking for and the price just Reduced after deal fell apart-
Now $719,900 plus an buyer incentive of $5000 at closing.
It is absolutely move in ready-
It's the right floor plan for casual living-Nicely sized living room and dining room combo with 2 sided fireplace and a "great room" off the kitchen.
Big deck, yard and garage are reached off of both great room or the slate mudroom
The bedrooms are just where you need them ..
All three, on the skylit top floor, and includes a master suite.
Nice extra large marble master bath. Organized closets too
all are generous in size and have amazing closet space.
It is MUCH bigger than it looks!
check it out at: http://www.3248nleavitt.rubloff.com/
Now $719,900 plus an buyer incentive of $5000 at closing.
It is absolutely move in ready-
It's the right floor plan for casual living-Nicely sized living room and dining room combo with 2 sided fireplace and a "great room" off the kitchen.
Big deck, yard and garage are reached off of both great room or the slate mudroom
The bedrooms are just where you need them ..
All three, on the skylit top floor, and includes a master suite.
Nice extra large marble master bath. Organized closets too
all are generous in size and have amazing closet space.
It is MUCH bigger than it looks!
check it out at: http://www.3248nleavitt.rubloff.com/
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