Articles from Chicago Real Estate Blog

Single Family Homes In Jefferson Park, Norwood Park & Edison Park Under $350K
2008-01-17 08:06:00
It's a buyer's market! Here is a database list of Single Family Homes located in Chicago's HOT Jefferson Park, Norwood Park & Edison Park neighborhoods that are priced under $350,000, many under $300,000. Jefferson Park, Norwood Park & Edison Park Homes Featured Home: 4837 N Oak Park Ave $339,900 WONDERFUL "BIG OAKS" (~ Norwood Park/Jefferson Park) SIDE STREET LOCATION GREAT TO LIVE OR BUILD ON YOUR DREAM HOME ON HUGE OVERSIZED 50X130 LOT. TONS OF NEW CONSTRUCTION IN AREA. HARDWOOD FLOORS, HUGE FENCED YARD, LAUNDRY. SIDE DRIVE TO OVER SIZED 2 1/2 CAR GAR. GREAT OPPORTUNITY FOR 1ST TIME BUYERS OR DEVELOPERS! More Info... BR: 3 BTH: 1 Living Room: 22X12 Kitchen: 11X10 Family Room: 11X11 Master Bedroom: 12X10 2nd Bedroom: 11X11 3rd Bedroom: 11X10 -- Brian Nygard AMR Properties Inc. Realtor/Owner Cell: (312) 217-8002 briannygard@gmail.com ...
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Recent Chicago Home Sales
2007-12-12 12:04:00
Here is where you can find a snapshot of Chicagoland real estate property sales, based on deeds transferred based on compiled public records. Median Price means that half the homes sold for more and half for less. Prices may reflect the types of housing sold, which vary according to locality and reporting period. Deed transfers often lag closing dates. Simply select a county after visiting the Illinois Recent Homes Sales Page. Related Resources: Search Recent Home Sales Search Chicago Properties for Sale Search Foreclosures Feel free to Contact Us anytime if you need any assistance. ...

Chicago Holiday Home Staging Tips
2007-11-16 11:21:00
In this tough market it is important that you stage your home accordingly. Here is a few Chicago Holiday Home Staging Tips: DO: Display a fall or Christmas wreath on the front door. DON'T: Put a miniature Mr. and Mrs. Claus at your front door. DO: Put up just one Christmas tree. DON'T: Make it big. It shouldn't take up too much square footage. ...read more tips and add yours (Chicago Holiday Home Staging Tips) ...

Chicago Transfer Tax
2007-10-09 06:45:00
Below is a helpful list of transfer tax rates / stamps normally required for the Metro Chicago area and who is customarily responsible for these fees. Please check with your real estate attorney for precise details as we cannot guarantee the accuracy of this data. Also feel free to reference http://cmetro.ctic.com/forms.asp which updates monthly. Area: Tax Levied: Customarily Paid By: Effective Date: State of Illinois 0.50 /1,000.00 Seller Cook County 0.25 /1,000.00 Seller Alsip 3.50 /1,000.00 Seller 5/1/94 Bartle ...

The Taxing Truth about Foreclosure
2007-09-13 12:43:00
By now I’m sure you’re aware of the high number of foreclosed properties and that number continues to grow on a daily basis. However, what you may not be aware of is the tax consequences if you are foreclosed on. Under the current tax law if a homeowner incurs a loss on the sale of their home, that amount IS NOT tax deductible. Investors can deduct part of their loss against their income though. Another fairly unknown tax law is what happens when a home is foreclosed. If a bank is forced to sell your property for less than the existing mortgage, the difference is considered forgiveness of debt. The IRS views this “forgiveness of debt” as income to you, and as with any income, you’ll be required to pay taxes on that “income”. So after you’ve been foreclosed and your home has been sold, you can expect to receive a 1099C from the lender with the amount that was “forgiven”. There has been talk about the president’s desire to do away with this tax on a temporary ba ...

RELAXING RETREATS ARE NEW NECESSITY OF LUXURY LIVING
2007-07-27 10:41:00
WHAT: Midwest Home Chicago’s 4th annual Chicago Luxury Home Tour will spotlight 29 custom-built homes valued from nearly $1 million to more than $6.2 million. This year’s tour showcases homes with relaxing retreats from stress relieving spas to secret gardens and cozy hearth rooms to his/her offices. The creation of tranquil spaces, whether spacious or cozy, is part of a new trend in luxury living. The self-guided tour provides an opportunity to check out the latest in custom-built design, high-end appliances and state-of-the-art electronics. Twenty-eight different builders will showcase their designs offering a unique opportunity to see a variety of styles and home trends. Chicago Homes WHEN: The tour will be open to the public Friday – Sunday, September 7-9, 14-16 and 21-23 from 11 A.M. to 6 P.M. Passport tickets will be available at Chicago area Caribou Coffee locations and online at www.chicagohometour.com beginning August 27. Passport tickets are $15 in advance and $ ...

Chicago Homes Sales Down Close To 20% in June 2007.
2007-07-25 15:55:00
Chicago home sales fell 19.8% from the same time period last year according to a report released this week. In Illinois the median home price in June was $215,000, up 1.1% from June 2006. The data is generated from a survey of the MLS and includes existing as well as new properties. Nationwide the existing home sales are at their slowest pace in 4.5 years. There is plenty of extra inventory so now is a great time to take a look at what’s available on the MLS for your ideal home criteria. Simply contact me (brian@illinoisrealestate.com or 312-217-8002) and I’ll email you all the homes for the area you choose that match your specifications. Also it should be noted that if you are a seller that will be also be looking to make a purchase please keep in mind that you also will be buying into this weakness. Search Chicagoland real estate manually from one of the best realty search engines around here: http://www.ChicagolandRealEstateListings.net/. ...

RE/MAX News- June 2007
2007-07-09 14:29:00
Please visit: http://boss.streamos.com/wmedia/remaxsat/news/0706newsjunehi.asx If you would like more information about joining Team IllinoisRealEstate.com and RE/MAX Grand please feel free to contact us anytime. City: brian@illinoisrealestate.com or 312-217-8002 & Suburbs: scott@illinoisrealestate.com or 312-622-6313. ...

º°¤ø,¸¸,¸,ø¤º ~ Technology Oriented / Hybrid Realtors ~ ø¤º°`°º¤ø,¸¸,ø
2007-06-21 09:16:00
If you are reading this blog then you are probably interested in becoming or working with a "Hybrid Realtor". There are a few pure technology oriented Hybrid Realtors out here and some don’t even know that they are. Others such as myself (Brian Nygard - Co-Owner of IllinoisRealEstate.com and with RE/MAX Grand’s Team IllinoisRealEstate.com), my partner Scott Epstein (Co-Owner of IllinoisRealEstate.com and with RE/MAX Grand’s Team IllinoisRealEstate.com) and Geno Petro (Top Chicago Real Estate Blogger and with Chicago Home Estates, www.chicagohomeestates.com) not only know we are Hybrid Realtors, but we take active measures to ensure we are. I should mention that Geno’s Hybrid Realtor blogging topics and mentions has really shape my focus on the type of Realtor I strive to be, that is, a technology oriented Chicago Hybrid Realtor! Let’s list what it takes to be considered a Hybrid Realtor (or Hybrid Real Estate Agent, Hybrid Broker, Etc): 1. Here’s any easy one to star ...
Hybrid

Chicago Real Estate & Gang Territories
2007-06-12 08:37:00
Before you buy Chicago real estate in a new neighborhood, be sure you know about your Chicago gangs and crews as well as their territories. Here is a link to a Google map that outlines details and locations. I think you’ll find it surprising to see they are found in almost every neighborhood! ...
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Buyers & Sellers Please Be In Tune With Today's Chicago Real Estate Market
2007-05-31 06:06:00
FYI - Buyers and sellers both should absolutely obtain a Comparative Market Analysis (CMA) when considering making an offer or listing a home for sale in today’s Chicago real estate market. The Chicagoland market is what it is so you MUST be in tune with today’s price levels. Email us at Team@IllinoisRealEstate.com if you’d like us to send over a CMA on a property you are involved with if you aren’t already working with an agent. ...
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So when does the "spring real estate market" begin (in Chicago)?
2007-01-22 13:01:00
I've been hearing a lot of Realtors say "it's going to be an early spring". I read on another local Chicago real estate blog that the spring market actually starts just after the first of the year and runs through June! More traditional Chicago Realtors may say it's March or April through May. I've been seeing an early up tick in listing inquires and showing requests and am starting to believe one other opinion on when the spring market will hit, that is, after the Super Bowl. I should say after the Bears win the Super Bowl! I heard on a local real estate radio show a couple weekends ago that some agents are actually scheduling open houses and showings around the Bears games! When do you all think the spring market is going to hit this year in Chicago? ...

Technology and Real Estate
2007-01-14 06:42:00
In today’s real estate industry it’s very important that you stay on top of every tool that’s available to help you grow your business. So in this technology era of real estate how does one generate enough business to make a living? Is having a website enough? What about advertising in real estate magazines, billboards, or on real estate websites? The answer is that no one thing alone will bring you enough business. The one common component of successful real estate agents is, they all have a system. It used to be that your system would include a personal assistant (and some still do), but with today’s technology that doesn’t need to be the case. With smart phones, PDA’s, and laptops, the agent is always reachable. Customers want their information and they want it fast. If you can not provide them with what they want, they will find someone else that can. Which is why it’s important to have a CRM (customer relationship management system) or some form of a database to t ...

Be Sure To Keep An Eye Out - Save Searches
2007-01-07 18:09:00
If you are one of those that refuse to let a Realtor setup an automated search via the internal MLS system (highly recommended - fyi best method), check out http://www.IllinoisRealEstate.com and the search interface. It's here that you can manually set up search savers, add favs, browse (login or not option) etc... It's really one of the best Chicago real estate search interfaces around. Let us know when you're ready (through the system). We will be on your inquiry or showing request within minutes (go ahead and test us - serious only please). Not hours, day’s etc like most sites around. If you are into technology we're more then likely the best fit for your real estate needs. Smart phones - Google Technology - Wireless Office (in addition to brick-n-mortar) GL! Team IllinoisRealEstate.com RE/MAX Grand City: Brian Nygard 312.217.8002, brian@illinoisrealestate.com All Suburbs: Scott Epstein 312.622.6313, scott@illinoisrealestate.com www.IllinoisRealEstate.com **Agen ...

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