March 22, 2010

Pricing A Listing With No Comps

Pricing A Listing With No Comps

I recently came across a client that I met through social networking. She told me about a property that she has that was on the market a few times over the past few years at $500k but never sold. I checked it out on the MLS and found that, in addition to a few basic […]

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March 15, 2010

A Chicago Public School Employee Grant!

A Chicago Public School Employee Grant!

If you are a Chicago Public School Employee and You?re ready to acquire a home of your own, luckily, there?s a first time home buyer program perfectly suited for Chicago Public School’s employees that provides enviable incentives and a desirable APR (Annual Percentage Rate). When you?ve got your eyes on the prize of home ownership, […]

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March 9, 2010

The Secret to Getting Your Home Sold

The Secret to Getting Your Home Sold

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 do that? […]

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March 4, 2010

Chicago Realtors: What Ever Happened To Earning Your Commission?

Chicago Realtors: What Ever Happened To Earning Your Commission?

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 sleep. One […]

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February 28, 2010

Charge it?? One Chicago Landmark Please, To Go!

Charge it?? One Chicago Landmark Please, To Go!

Garrett Kelleher, the Irish developer who was the visionary for Chicago?s proposed newest landmark, the 150-story Spire, is now being sued by Bank of America for $110,000 in unpaid credit card bills related to the stalled construction project. Allegations have been added to a lawsuit filed in August by Bank of America to recover an […]

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February 25, 2010

Life After The Home Buyer Tax Credit

Life After The Home Buyer Tax Credit

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 […]

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February 23, 2010

Bank or Broker – Why Shop Around?

Bank or Broker – Why Shop Around?

The purpose of this article is to discuss the difference of obtaining a mortgage through either a bank or a mortgage broker/banker and the importance of shopping around. Many of my clients get into home buying in much the same way. Eager to get out looking at properties with no idea how much money they qualify to spend. As […]

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February 22, 2010

Chicken Little Has Come Out and Said the Sky is Falling!

Chicken Little Has Come Out and Said the Sky is Falling!

Between the Fed’s FOMC minutes from its last meeting and the raise in the discount rate on Friday, prices in the mortgage-backed securities market have decreased by 1% and many banks have raised their 30-year fixed rate mortgage rate by .125% to .250%. Is the Sky Falling? Does this mean that rates are heading to […]

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February 19, 2010

Up Up and Away are the Interest Rates

Up Up and Away are the Interest Rates

To date, the Federal Government has pumped over $1.25 TRILLION into the mortgage market in an attempt to boost slumping activity and aid the overall economy. However, the end may be in sight ? the Federal Reserve is considering ending aid as of March 31. The Real Estate Market Drives the Economy The housing market […]

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February 17, 2010

The New Parking Meters and The Chicago Economy

The New Parking Meters and The Chicago Economy

While the national economy has been on everyone’s mind for a very long time now, recently I have been wondering about the health of the local Chicago economy. Specifically, I have been contemplating the trickle-down effect the new parking meter system has on local businesses. Last year Mayor Daley made the controversial decision to privatize […]

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February 15, 2010

Management Companies Play a Vital Role

Management Companies Play a Vital Role

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 community association […]

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February 12, 2010

Finkl & Sons Steel Mills May Just Hit a Home Run

Finkl & Sons Steel Mills May Just Hit a Home Run

The word is that Depaul University has been considering the Finkl & Sons Steel Mills at Clybourn Avenue and Cortland Street as a place to build a new 10,000 seat basketball stadium so that it could be in the proximity of their Lincoln Park Campus. They are also considering an alternative site just south at […]

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February 11, 2010

Ups and Downs of Real Estate Commission Cutting

Ups and Downs of Real Estate Commission Cutting

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 values. The […]

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