Tag: buyers (page 1 of 23)

Evanston IL Real Estate Report in 2014

The Evanston Illinois Real Estate Market continues to improve over the last three years. In the period of January 2013 through December 2013 sales of Single Family Homes and Condos are up 28% to a total of 1,101 properties sold.

Usually during the season from Thanksgiving through the beginning of the following year the sales market slows down as people celebrate holidays. This year we did not see this happen. People are still actively looking for homes to purchase and are keeping us Realtors busy showing them houses and condos.

At this time in Evanston IL there are 83 single family homes available on the market and 130 Condominiums. There are also 52 Single family homes under contract and waiting to close as well as 67 condos. These properties will become closed soon and this is unusual for this time of year.

Also there are 19 multiple dwelling buildings like two or four flats actively for sale on the market and 7 under contract waiting to close. This is very good news because in the last few years we saw these multiple family residences become almost totally stagnant and this change all points to signs of a strong Real Estate Market in 2014.
Evanston has some fine middle and elementary schools in our district 65. In the Elementary category Great Schools rates Dewey, Orrington and Lincoln very highly, a 9 on a sale of 1 to 10. Haven middle school is highly rated too. Our High School Evanston Township High School is also considered one of the best. ETHS is a four year school on a 62 acre campus established in 1883. It is in our district 202 with 265 staff members and a majority of the teachers have a Masters Degree or beyond. To quote the motto of ETHS and their mission statement:
“Embracing its diversity, ETHS dedicates itself to educating all students to their fullest potential”

Another highlight of Evanston is Northwestern University. Which is considered one of the best Universities in the country.

If you would like to see for yourself what homes or condos are available in Evanston then please click the property search link here and you can even explore for yourself.

If you are interested in the finest Real Estate Sales help available you should consider contacting Coldwell Banker Evanston
Understanding your Expectations and Exceeding them
Coldwell Banker Evanston
1 (800) 858-7917
Evanston-IL-Real-Estate-Sales-Report (1)

Michael Jordan’s Suburban Chicago Lake Forest Mansion Fails at Auction

This Monday Former Chicago Bulls superstar Michael Jordan attempted to auction off his home in MJ 23Lake Forest Illinois located at 2700 Point Ln with a minimum bid of $13 Million and there were no takers. The home is Michael_Jordan_23_Bulls_Jersey_HD_Wallpaper56,000 square feet on three floors with 9 bedrooms, 5 fire places and sits on 7 acres. A guest house to rival most homes you and I would live in is included.
He lived in the home with his former wife and children who are now grown and have moved on. The home has a full size regulation basketball court and huge workout room that is like his own health club. Randy Brown was part of a group of former players who would go to his weight room and work out and play ball before they would even go to the official practice. They called the get together “The Breakfast Club” because his private chef would prepare meals for his cronies who have talked about the sessions they had enjoyed.
With a tennis court, wet bar, dry bar in ground pool and fire places indoors and out what more could you want? There are not many who could afford such a house and maybe that is why it did not sell? One problem is that it is located 3 miles from Lake Michigan and most homes getting anywhere near that price tag include beach access.
The home was once listed in the MLS at $29,000,000, dropped to $16,000,000 but still did not attract any offers. Do you think MJ is hurting for the money? I don’t think so. He is still one of the highest paid former professional sports figures with a fairly untarnished image unlike Lance Armstrong and Tiger Woods.
Imagine getting the commission on selling that house.
MJ’s House Video

Winning the Real Estate Game in Evanston in a Tough Market

Purchasing a home in Illinois is one of the best investments you can make; but like so much else in life, timing is everything.

Recent talk about subprime mortgages, falling property values, foreclosures and slow real estate markets are keeping more than a few homeowners up at night. The cure for those heebie jeebies is to get informed.

There are tons of tools available to help you realistically calculate how much you can afford to borrow (either for a purchase or a refinance), and how much it will impact your budget. You can also search listings to see what homes in your area have been selling for.

If you’re trying to sell, keep in mind that little problems which seem familiar and trifling to you can be big turn-offs for prospective buyers:

  • Icky smells (cigarettes, pets, food): Invest in a good air filter or air freshener, open windows, whatever it takes.
  • Dirty kitchens and bathrooms: Really tackle these two areas to get them sparkling.
  • Dark rooms: Turn on lights, open curtains,
  • Dirty carpet: Consider having carpets professionally cleaned.
  • Cluttered rooms and closets: Rent a temporary storage unit (or a good friend’s basement) to stash your beer mug collection.
  • Barking dogs: send them to a friend or relative’s house while your home is being shown.
  • A damp basement: Keep a dehumidifier going.
  • Poorly maintained front yard: spend some time mowing, trimming and pulling weeds. Add a pot or two of colorful flowers near the front door to create a welcoming feel.
  • Weathered or peeling front door: a fresh coat of paint and new hardware is an inexpensive boost that really pays off.

For buyers, lower prices make it tempting to purchase a home right now. But if the “subprime mess” taught us anything, it’s that many people who felt pressured into buying a home with little or no money down are now feeling the sting of inflating mortgage payments. Take a breath and carefully assess if buying is right for you; in some cases, renting makes more financial sense. Find great rentals here.

And while selling or buying a place on your own may appear to save you a few bucks in commissions, a good real estate agent can greatly simplify the process, saving you more time and money in the end (not to mention, sanity).

Remember, the real estate game is best played over the long haul. So trust time to be on your side!

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