10 HOT HOMES IN CHICAGO NOW

Find a home in the ‘HOT’ Portage Park neighborhood. Here you will find rows of your classic brick bungalow homes. This area is seeing lots of movement in both the real estate and business aspects. New homes are being built and even more are being dormered out and remodeled. This hood is also seeing new businesses pop up, including Culvers, Binny’s, Eris Brewing Company and an entire shopping complex right at the popular Six Corners. Be sure to check out THE Portage Park when touring this neighborhood, which is home to a dog park, olympic size pool, a special garden and several baseball diamond’s.

 10. 3238 N Nordica

5 Bed, 2 Bath Rehabbed English Tudor

9. 3244 N Plainfield

4 Bed 2 Bathroom Renovated Cape Cod

8. 6308 W Addison

3 Bed 3.5 Bathroom Renovated 2 Story Home

7. 3344 N Rutherford

5 Bed 2.5 Bathroom Renovated English Tudor

6. 4226 N Melvina

4 Bed 3 Bath Renovated Home

5. 3133 N Nagle

3 Bed 3 Bath Renovated Cape Cod

4. 6943 W Oakdale

 4 Bed 3 Bath Rehabbed Bungalow

3. 3421 N Narragansett

4 Bed 2 Bath Renovated Home

2. 3346 N Oak Park

4 Bed 2.5 Bath Sophisticated Home

1. 3748 N Octavia

3 Bed 1 Bath Charming Home

Tips for Selling Your Home Fast – Part 1

Selling Your Home Fast

Doing these things will payoff in the long run.  There’s a reason the sellers we represent have their homes on the market for less time than average!  Read below to for some tips on selling your home fast.

1. Curb Appeal

Trim those bushes back and rent a power washer.  So you’ve got a ‘Little Shop of Horrors’ thing going on?  Let’s take on that vegetation with a vengeance.  It’s the first and last thing people see when viewing your home.  Let’s give it our best.  Fill those empty flower pots, clean the windows, and wash the siding.  It could be the reason someone picks your house over another.

2. Keep it Clean!

Break out the duster and have the carpet cleaners over.  Dirt feels dirty and that’s never a good thing.  Remember, we’re putting our best foot forward.  Let’s make sure it’s not covered in mud.

3. Reduce the Clutter

Come on, you’ve got a stack of magazines from 2002 sitting there.  It’s time to find them a new home in the recycling bin. Spring Cleaning isn’t only for the spring!  Don’t forget you have to pack it all before you go, so let’s get an early start.

4. Stage for Photos

What’s the first thing people usually see when looking for a home?  Photos, photos, photos.  That plastic has done a good job keeping your couch looking new, but in photos maybe it is time for something a little more modern.  There are teams that can come in with new furniture and take photos in a matter of hours.  Imagine a team of movers with a change of heart because your house will look exactly the same when they leave.  It’s also really great for empty houses, because we get asked, “Do you think a bed would fit here?”

5. Understand the Value

You really love the 70’s cabinetry with matching green appliances, right?  Or maybe you just rehabbed your bathroom so that when the door opens Yellow Submarine plays?  Those things can be very unique to you and to others….not so much.  Understand that things you find valuable may not be to others.  Don’t take it personal.
Check out this blog post on our view on advertising in the social media world:

https://www.ashbrook.realty/2018/04/29/real-estate-advertising-2018/

For more information on our simple and communication focused listing process look here:

https://www.ashbrook.realty/2018/06/06/tips-for-selling-your-home/

Ready to Sell? Get a Free Home Valuation Report!

 

One Thing Realtors Can’t Talk About: Neighborhood Safety

Realtors Can’t Talk About Crime

This is something that can cause confusion for home buyers when searching for a home with their Realtor.  You are working with someone because of their knowledge of the neighborhood and experience, but they can’t provide what seems like simple information.  Why is this?

The Fair Housing Act was created to protect people from being “steered” to or from a particular neighborhood, city, or home.  Steering is a term used in Real Estate to describe a situation where someone (usually an agent) tries to put you in a particular home  based on something like race.  From the Department of Housing and Urban Development:

“Title VIII of the Civil Rights Act of 1968 (Fair Housing Act), as amended, prohibits discrimination in the sale, rental, and financing of dwellings, and in other housing-related transactions, based on race, color, national origin, religion, sex, familial status (including children under the age of 18 living with parents or legal custodians, pregnant women, and people securing custody of children under the age of 18), and disability.”

It implicitly means that by saying a neighborhood is unsafe that you are actually saying the people are unsafe.  Also, it could mean, “I think you are a criminal tip and that you belong here.”

That’s the why.  Luckily, we are still able to provide you with information you need to find out and make your decision.  Below are links to maps that we recommend.  Also, you may want to take some time to learn more about Fair Housing Law.  If you feel that your rights have been violated you can make a complaint online.

Crime Maps and More

Chicago Area Crime Maps:

http://gis.chicagopolice.org/clearmap_crime_sums/startpage.htm

Created and maintained by the City o fChicago Police Department the CLEAR(Citizen Law Enforcement Analysis and Reporting).

https://www.crimereports.com

A General map where you can find out more about Chicago Suburbs.

More on Fair Housing Laws can be found here:

https://www.hud.gov/program_offices/fair_housing_equal_opp/FHLaw

Ready to buy?  Contact us today!

Ready to Sell? Get a Free Home Valuation Report!

Why the Cash Buyer Won Your Higher Bid

Why You Lost to a Cash Buyer

So, you’ve made a very competitive bid on a house.  Maybe you even went higher than the seller requesting thinking that the home of your dreams is in the bag.  You wrote a brilliant letter explaining why you are the perfect person to buy the home. You’ve promised closing in 30 days and took the home “as is.”  Your mortgage loan officer says you are good to go.

Most of the time this is a very compelling offer that would generally be accepted by the seller.  This time though, a cash buyer rode in and made an offer less than yours by as much as $10,000.  You’re a shoe in, right?  That’s not always the case.  Your agent calls you and lets you know that you just lost to a cash buyer.  So, what happened?

Benefits of a Cash Buyer

Cash buyers can close much faster.  Heck, if they really wanted to they could nearly close the same day.  The owner doesn’t have carrying cost at this point like, water bill, tax bill, next payment, interest, etc.  There is some decent savings there depending on the price of the house.

Other benefits to the seller are a near guaranteed closing.  Many times a closing is based on a 30 day period, but more often than not it never closes on time.  This is almost always because of the mortgage process. Banks aren’t in a hurry.  They will asks for information throughout the process and often you’ll find yourself closing weeks later than the initial closing date.  2 Weeks isn’t such a big deal in the scheme of things so what else does a cash buyer offer?

When you write a contract not only do you add a closing date, but you also have mortgage contingencies.  For example, the contract can be voided if you are unable to get a mortgage.  Also, you can even specify an interest rate as a reason for voiding the contract.  Maybe throughout the process you found that .5% interest rate increase over what you expected with a pre-approval used you to be unable to afford the home.

What Does this Mean for the Seller?

The seller has much less risk.  If it takes 30 days to find out that you can’t sell then they have have to find another buyer.  Also, they will have to pay for those carrying costs for another month.  Maybe something happened that could lower the value of the home or caused damage (think flooding, hail damage, etc.).  This is why they chose the lower cash offer with a quick closing over your higher offer.

To learn more contact us today!

Visit here to see our simple process for buyers who work with us.

If you are seller you can see our simple process here and our tips here.

 

Lost to a cash buyer