The single most important factor when selling a home is the list price. Before Nancy, my business partner, and I even talk about all the ways we can drive traffic to our listings, we talk about market value and where a home should be priced in relation to its competition. Why do we [...]
Continue reading...Thu, Mar 4, 2010 - Randy Whiting
As an active agent I am in the field every day meeting clients, submitting contracts, showing my listings or viewing other agent’s listings. To me real estate is not just a job or a career, it’s a lifestyle. I’m “at work” from the moment I wake up until the time I go to [...]
Continue reading...Thu, Feb 25, 2010 - Randy Whiting
There have been a lot of people speculating on what will happen to the market once the Fed stops buying mortgage backed securities and interest rates start to rise… It is logical for me to think that once the tax credit is over and the interest rates start to climb that buyer’s will be scared [...]
Continue reading...Mon, Feb 15, 2010 - Phil Burnstine
Community association management companies play a vital role in both the financial and physical health of client buildings. Their role has become increasingly more difficult, and increasingly more critical, in the recent weak real estate market. Achieving success as a community association manager ultimately comes through proactive management and effective communications. However, many [...]
Continue reading...Thu, Feb 11, 2010 - Stacy Braack
The struggling real estate market has forced sellers to look for creative solutions to squeeze dollars out of their sale to break even or minimize their loss. More and more frequently, listing agents are asked to “share the pain” and cut their commission to cushion the blow to sellers caused by lower property [...]
Continue reading...Mon, Feb 8, 2010 - Randy Whiting
The question I come across regarding short sales involves an uncertainty of the length of time it will take to navigate this process successfully to the end. Unfortunately the answer can be equated to the number of licks it takes to get to the center of a Tootsie-Pop.
Continue reading...Fri, Feb 5, 2010 - Andrea Geller
Every once in a while I like to go back and revisit old posts and see if there are still relevant or thoughts of the moment. This post still rings true and truer for both buyers and sellers: Telltale Signs Your Listing Broker is a Dinosaur. Meeting with new clients recently, I have been getting [...]
Continue reading...Thu, Feb 4, 2010 - Katie Anderson
While we all sit here in Chicago and wait for the economy to rebound, I often wonder, “What is the hold up?” There are many answers to that very simple question. Because I am an appraiser as well as a broker, I do get some different insight that others miss out on. [...]
Continue reading...Thu, Feb 4, 2010 - Stacy Braack
Condo? Hotel? Timeshare? The uncertain economy and downturn in the real estate market have driven developers to create unique projects. Chicago has seen several “condotel,” developments, where units are sold fully furnished and come with daily maid service. Building amenities resemble those of hotels, and owners can use the units [...]
Continue reading...Thu, Dec 17, 2009 - Katie Anderson
Zillow is trying to compete with the Big Boys - the Multiple Listing Service and Realtor.com. But does Zillow have the tools and the reputation to make inroads in this competitive online market?
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Tue, Mar 9, 2010 - Catherine Brennan
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