Open Houses THIS SUNDAY!!!

River Forest Opens:

909 Bonnie Brae Place – Open from 2-4pm

1500 Clinton Place – Open from 2-4pm

1140 Jackson Ave – Open from 1-3pm

815 William Street – Open from 1-3pm

1247 Park Ave – Open from 1-3pm

512 Thatcher Ave – Open from 12-1:30pm

410 Ashland Ave – Open from 12-1:30pm

Oak Park Opens:

707 N. Marion Street – Open from 1-3pm

1213 Edmer Ave – Open from 1-3pm

944 Humphrey Ave – Open from 1-3pm

438 Lenox Street – Open from 12-2pm

142 S. Scoville Ave – Open from 11-12:30pm

Forest Park Opens:

106 Rockford Ave – Open from 1-3pm

Elmwood Park Opens:

2523 Eastbrook Ave – Open from 1-3pm

1619 N. 77th Court – Open from 1-3pm

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Open Houses THIS SUNDAY!!

924 Ashland Ave, River Forest – Open from 1-3pm

221 Keystone Ave, River Forest – Open from 1-3pm

554 Thatcher Ave, River Forest – Open from 1-3pm

506 Uvedale Road, Riverside – Open from 1-3pm

512 Thatcher Ave. River Forest – Open from 1:30-3:30pm

1247 Park Ave, River Forest – Open from 1-3pm

142 S. Scoville Ave, Oak Park – Open from – 1-3pm

438 Lenox Street, Oak Park – Open from 1-3pm

911 Thomas Ave, Forest Park – Open from 1-3pm

6817 W. Medill Ave, Chicago – Open from 1-3pm

637 N. Marion Street, Oak Park – Open from 1-3pm

634 S. Elmwood Ave, Oak Park – Open from 1-3pm

1435 William Street, River Forest – Open from 1-3pm

704 Monroe Ave, River Forest – Open from 1-3pm

1619 N. 77th Court, Elmwood Park – Open from 11-1pm

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How Sellers Can Research Local Home Prices….

Years ago, before the Internet was widely available for every aspect of life, determining the price of your home for your local market relied heavily on the assistance of a real estate agent or broker. Now, with the ease of access to many different online real estate information sources, pricing a home for sale can seem like a very easy task. While it may be easier for a seller in 2019 than in 1990, pricing a home still best involves an agent and additional research to ensure a reliable sale price.

Rely On Local Experts

When it comes to pricing a home for sale, there are literally hundreds if not thousands of websites out there that can provide information on many local housing markets. If there’s one thing that does not help a seller, it’s the anxiety created by trying to determine which site can be trusted and what information is relevant. The less stress the better. If it’s time to put your house on the market, the best first step is to contact your local real estate agent.

Some people may ask, “Why? Why do I need an agent?” A local agent is going to have experience in the local market (it’s not unheard of for an agent to have multiple properties in a specific neighborhood, becoming an almost niche agent for the community). An agent will also have access to information on recently sold or pending sale properties that can directly impact the price of your home, including why some homes have become pending sales while buyers have ignored others. An agent will also have online MLS data readily available to them, and s/he won’t have an issue when it comes to accessibility of that data. While it could be argued that the information is freely available online, using an agent ensures you have an expert on your side that is prepared to handle potential buyers that may believe they know more about the value of your home.

Search For Local Properties Online

Being prepared is never a bad thing, especially when it comes to selling your home. After you’ve enlisted the help of a local agent, use one or two of the many listing sites available to look at properties in your community. Online sites are very useful in determining median listing price, median closing price, and average price per square foot for your city.

Online listing sites can also help you understand what the local housing market looks like in terms of properties listed, property conditions, and the current competition for your home. When looking for a reliable online site, find one that aggregates listings from the Multiple Listing Services (MLS) and updates listing data multiple times each day. This ensures you will have the most up-to-date and accurate information.

Use An Online Home Value Estimator

The Internet has made accessing property information much easier than in previous decades. Sellers can now plug their address into a website and view a home value estimate. These online sites are a great tool for a seller looking to get a broad idea of what their home could fetch on the market. Keep in mind that estimates are not always accurate and should be considered with other market research and information.

Online price calculators will give you a good idea of the price range for your home, but they use sold data in your area, which is the most basic data that can be used to determine the possible price of your home. They don’t take into consideration any upgrades you might have done or any local market nuances that a local agent would know. It’s also likely that no two sites will be the same when it comes to the estimate generated, so while a home value estimator is useful, it should only be used as a reference guide

Determining what to list your home for can be a daunting task, so use what’s available to you to make it as easy as possible. Contact your local agent for an expert opinion and use online websites and information to reinforce your agent’s recommendation.

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Open Houses THIS WEEKEND!

SATURDAY

142 S. Scoville Ave, Oak Park – Open from 12-2pm

1414 Forest Ave, River Forest – Open from 1-3pm

438 Lenox Street, Oak Park – Open from 1-3pm

727 Jackson Ave, River Forest – Open from 12-2pm

410 N. Ashland Ave, Unit 5E, River Forest – Open from 1-3pm

SUNDAY

637 N. Marion Street, Oak Park – Open from 1-3pm

707 N. Marion Street, Oak Park – Open from 1-3pm

1207 Jackson Ave, River Forest – Open from 1-3pm

924 Ashland Ave, River Forest – Open from 1-3pm

106 Rockford Ave, Forest Park – Open from 1-3pm

1247 Park Ave, River Forest – Open from 1-3pm

1132 Fair Oaks Ave, Oak Park – Open from 1-3pm

42 Gale Ave, River Forest – Open from 1-3pm

744 Hayes Ave, Oak Park – Open from 11-12:30pm

1435 William Street, River Forest – Open from 1-3pm

 

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Open Houses THIS SUNDAY!

1136 Ontario Street, Oak Park – Open from 11-1pm

554 Thatcher Ave, River Forest – Open from 1-3pm

924 Ashland Ave, River Forest – Open from 1-3pm

1140 Jackson Ave, River Forest – Open from 1-3pm

221 Keystone Ave, River Forest – Open from 2-4pm

1132 Fair Oak Ave, Oak Park – Open from 1-3pm

414 Clinton Place, Unit 601, River Forest – Open from 1-3pm

909 Bonnie Brae Place, River Forest – Open from 1-3pm

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Selling And Buying At The Same Time

Buying a home is exciting whether it’s your first home or your fifth. But while buying a home can be a real adventure, many owners put their home on the market while trying to find a new house. As a homeowner, you can try to sell while looking for something new, but it can get a little tricky. Read on for tips on how to make this process as smooth as possible.

EVALUATE YOUR LOCAL MARKET

It would seem like selling your home before putting an offer on a different one would be the best option when it comes to buying/selling, but it can really depend on the local real estate market. If you have the time, research the market in your city or desired area. This will let you know whether it’s a buyer or seller market. The type of real estate market in your locale can really dictate whether or not the process will be quick or drawn out.

The general rule of thumb is to sell first in a buyer’s market, and buy first in a seller’s market; but this isn’t always the case since every experience is unique. You can really get an understanding of what might work best for you by talking to your trusted real estate agent – s/he will know the market and will be able to provide insight on current trends.

UNDERSTAND YOUR FINANCES

When it comes to buying or selling a house, finances are a huge part of both transactions. Whether you’re looking to sell or looking to buy, knowing your current financial situation is vital to your next steps.

If you currently own, one of the first steps you should complete is researching the equity in your home. You’ll want to know how much your home will sell for in your current real estate market. Don’t be afraid to have an inspection done to understand what repairs or work may need to be done on your house as this will help you understand how much you may need to deduct from the possible sale price or any concessions you may need to make for a future buyer.

If you have a mortgage loan, you will absolutely want to know how much equity you have in your home. The equity that has built up could be enough for a down payment on another home. It’s important to remember, though, that any equity is only accessible after closing.

UTILIZE A CONTINGENCY

Ideally, you would sell your home on the same day as buying a new one. Since this is not the case for most buyers/sellers, adding a contingency into the contract can be very helpful. It’s important to note that the term ‘contingency’ can have different meanings throughout the US. In this case a contingency is referring to a provision for an unforeseen event or circumstance when it comes to the financial ability to close a purchase sale.

If you want to buy before selling, make an offer with a home sale contingency, which means you will buy the new home once your current residence sells. You can also request an extended closing (if you’re certain your home will sell), which extends your closing past the typical standard of 30-45 days.

If you want to sell before buying, you can make an offer with a settlement contingency. This contingency works when you have an offer on your home, and you want to buy another which means you’ll buy the home contingent on the sale of your existing home.

If you happen to sell and haven’t made an offer on another home, you can sign a rent-back, which means you go through with the sale of your home, but you rent the home back from the new owners for a specific time (anywhere from 60-90 days), giving you time to find a new home or make other living arrangements.

There are pluses and minuses of both selling your home before buying, and buying a home before selling. Remember to do your research beforehand, consult your agent on your local real estate market, and if you need to, include a contingency in your contract.

 

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Open Houses THIS SUNDAY!!

727 Jackson Ave, River Forest – Open from 1-3pm

1140 Jackson Ave, River Forest – Open from 1-3pm

1207 Jackson Ave, River Forest – Open from 1:30-3pm

1122 N. Grove Ave, Oak Park – Open from 12-2pm

704 Monroe Ave, River Forest – Open from 12-2pm

1035 Bonnie Brae Place, River Forest – Open from 1-3pm

707 N. Marion Ave, Oak Park – Open from 1-3pm

744 Hayes Ave, Oak Park – Open from 11-12:30pm

 

Click Here for more information on these listings and ALL our listings!

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Open Houses THIS SUNDAY!

926 Ashland Ave, River Forest – Open from 1-3pm

924 Ashland Ave, River Forest – Open from 1-3pm

638 N. Kenilworth Ave, Oak Park – Open from 1-3pm

923 Ashland Ave, River Forest – Open from 1-3pm

511 Monroe Ave, River Forest – Open from 1-3pm

1426 Jackson Ave, River Forest – Open from 1-3pm

1132 Fair Oaks Ave, Oak Park – Open from 1-3pm

106 Rockford Ave, Forest Park – Open from 12-1:30pm

744 Hayes Ave, Oak Park – Open from 11-12:30pm

438 Lenox Street, Oak Park – Open from 1-3pm

639 N. Lombard Ave, Oak Park – Open from 1-3pm

1808 N. 77th Ave, Elmwood Park – Open from 12-2pm

 

Click Here for more information on these listings and ALL OUR LISTINGS!

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Open Houses THIS SUNDAY!

815 William Street, River Forest – Open from 1-3pm

611 Thatcher Ave, River Forest – Open from 1-3pm

1426 Jackson Ave, River Forest – Open from 1-3pm

142 S. Scoville Ave, Oak Park – Open from 1-3pm

744 Hayes Ave, Oak Park – Open from 11:30-1pm

414 Clinton Place, Unit 601, River Forest – Open from 1-3pm

1122 N. Grove Ave, Oak Park – Open from 1-3pm

132 Des Plaines Ave, Forest Park – Open from 11-1pm

 

Click Here for more information on these listings and ALL our listings!

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Open Houses THIS SUNDAY!

727 Jackson Ave, River Forest – Open from 1:30-3pm

1140 Jackson Ave, River Forest – Open from 1-3pm

815 William Street, River Forest – Open from 1-3pm

1207 Jackson Ave, River Forest – Open from 1-3pm

228 Franklin Ave, River Forest – Open from 1-3pm

1426 Jackson Ave, River Forest – Open from 1-3pm

1132 Fair Oaks Ave, Oak Park – Open from 1-3pm

639 N. Lombard Ave, Oak Park – Open from 1-3pm

106 Rockford Ave, Forest Park – Open from 12-1:30pm

7521 Brown Ave, #G Forest Park – Open from 1-3pm

1847 N. Neva Ave, Chicago – Open from 1-3pm

132 Des Plaines Ave, Forest Park – Open from 11-1pm

142 S. Scoville Ave, Oak Park – Open from 1-3pm

828 N. East Ave, Oak Park – Open from 1-3pm

 

Click Here for more information on these properties and ALL our listings.

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