Showing posts with label Selling Your Evanston Home. Show all posts
Showing posts with label Selling Your Evanston Home. Show all posts

Wednesday, November 14, 2012



The Thomas Team is Proud to Sponsor Evanston's Flying Turkey Run!


One of the things we enjoy about being real estate agents in Evanston is the opportunity to tell potential buyers or those relocating to the area what makes Evanston such a great place to call “home.” This vibrant, community-centered town is a unique blend of big city life, with Chicago nearby, and small town atmosphere. Charming turn of the century homes as well as renovated downtown Evanston condos also provide a wide variety of living options!
 
As Evanston Real Estate agents, we want to provide you with up to date Evanston Real Estate market news and pertinent home buying and selling information, but also give you a taste of the Evanston lifestyle. Today, we’re highlighting a a great event taking place in Evanston this month that you won’t want to miss!
 

THURSDAY, NOVEMBER 22ND AT 9AM
REGISTER ONLINE AT WWW.EVANSTONFLYING5K.COM




This certified 5K run and walk will be along the beautiful Evanston lakefront newly paved path beginning at Sheridan Road and Church Street.

Canned goods will be collected before the race to benefit the Evanston Harvest Food Pantry. Please bring non-perishable food items to donate to this worthy cause.

Every registered participant will receive a Goodie Bag for the event. The first 2000 participants will get a sweatshirt.

For full race details: www.evanstonflying5k.com

If you’re currently an Evanston resident, we’re sure you enjoy living in Evanston as much as we enjoy living and working here as Evanston Real Estate agents! Thinking of moving to this great city? Please feel free to contact us! We’ll answer any questions you may have about living in Evanston and can show you some of the gorgeous homes currently on the Evanston Real Estate market.

We look forward to hearing from you!


The Thomas Team
@ Properties

Chicago's #1 Real Estate Brokerage
Chicago & North Shore Real Estate
Visit Our Website
View Our Listings
Contact Us

Friday, September 21, 2012

Buying or Selling a home in the Fall or Winter

If you're buying or selling a home and the end of the spring-summer real estate season is stressing you out, relax.  Even though real estate sales do fall off at the end of warm weather, there's still plenty of buying and selling coming this fall and winter.
Remember, sales volume is not your problem. The only house you care about is the one you're selling or hoping to buy. What's more, many home buyers and sellers are bucking the seasonal nature of residential real estate. They're finding that buying or selling Evanston houses in the fall and winter months has many advantages -- not the least of which are the gorgeous fall leaf colors and holiday decorations that showcase many homes to their fullest potential
No matter which side of the transaction you're on, you can make the off-season work to your advantage. Here's why:

Sellers
  • Buyers are motivated. Many off-season Evanston buyers are more serious than some among the horde who descend like locusts on open houses in the spring. After all, there's a reason they didn't buy during the peak season. Perhaps they didn't have enough for a down payment or couldn't get financed. The fact that they've entered the market in a downtime might be very meaningful
  • There is a Second Season.  While sales definitely fall of in the early fall, they usually escalate again in October in many area.
  • Cyber Sales.  The expansion of the internet and the numbers of people who use it have added a significant off-season dimension to Evanston real estate stales.  Potential Evanston buyers now find Evanton properties for sale in the comfort of their home through a vast array of Websites, such as www.TheThomasTeamOnline.com.  Virtual tours can take them into homes an they can preview neighborhoods, schools and city information before venturing our.
  • Hindsight.  When you put up a home for sale in the fall or winter, you have the advantage of hindsight.  You and your agent can review which homes sold quickly in your area during the warm-weather "peak season."  This gives you the chance to adjust your price and terms accordingly and to make your home more marketable.
Buyers
  • There's Less Competition. How many times did that darling Evanton house you had your eye on in May get bought out from under you while you and your spouse talked over making an offer the very next day.  Sellers are often pressured. Motivation is critical in any real estate situation. Find out how long the house has been on the market. If it's been hanging around awhile, there's a good chance the seller is getting antsy. Sellers frequently drop their price -- especially as Christmas draws near -- giving buyers lower down payments and closing costs. If it went on the market after the peak season ended, the seller may have a pressing reason to sell, such as a job transfer, financial problems, divorce or illness to name just a few.
  • Tax Considerations. When you buy a new home before the end of the year, you'll be able to report items such as mortgage interest, points, closing costs, property taxes and more on your tax return.
  •  Interest Rates. If you're ready to buy, waiting until next spring can spell disaster. Many experts think we've seen the end of record-low interest rates and that mortgage rates will only go up from here
  •  Beating Price Hikes. As high as the Evanston home prices may seem to you now, chances are they'll only be higher when a new real estate season starts in March.
As Evanston Real Estate agents, The Thomas Team, we hope these tips are useful as you consider buying or selling a home in Evanston. Our goal is to provide you with current real estate information and tips as you enter the Evanston Real Estate market.

If you are ready to begin the process or still have a few more questions; please contact us! We’re here to help in any way we can and we look forward to working with you!

The Thomas Team


@Properties
Chicago's #1 Real Estate Brokerage

Visit Our Website
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Contact Us







Monday, August 20, 2012

House Prices: Window of Opportunity Beginning to Close

There have been conflicting opinions as to where housing prices are headed. We want to give our opinion on this subject for the short term. We believe Evanston sellers have a window of opportunity for the next 90-120 days in which to sell their homes for maximum price. We believe there will be increased downward pressure on Evanston home prices throughout the rest of the year.

Why renewed downward pressure?
Any item’s price is determined by ‘supply and demand’.  In Evanston, existing housing inventory has dropped to historic norms in the last few months. However, an inventory of distressed properties, (foreclosures and short sales), have been coming to the Evanston market this year and will increase going into 2013. This inventory has been delayed for over a year as the Federal and state governments crafted an agreement with the five largest banks and mortgage servicers to establish a roadmap for how a foreclosure must be properly completed. That agreement, the National Mortgage Settlement, was earlier this year.

What Impact Will the Agreement Have on Foreclosures?
Brandon Moore, chief executive of RealtyTrac, explains:
“The settlement sets forth clear guidelines for lenders and servicers to follow when foreclosing, which should allow them to push through some of the delayed foreclosures from last year.”

How Many Foreclosures Could We Be Talking About?
Mark Vitner, a senior economist at Wells Fargo Securities tells us:
“The settlement helps the housing market in the long run because it allows banks to proceed with millions of foreclosures that have been stalled.”

What will this mean to Evanston home prices?
Distresses properties such as foreclosures and short sales are currently at 7% of the total Evanston market. As more of this inventory comes to market, it will impact Evanston home prices in two ways:
   1. It will bring to market discounted competition for buyers
   2. It will impact the appraisal values of all homes in the area

Bottom Line
There is a window of opportunity currently which Evanston sellers should take advantage of. Waiting until later this year will not guarantee a higher sales price. If anything, in many areas, it probably guarantees the exact opposite.

Selling your Evanston home can seem like a daunting process, but we’re here to answer any questions you have about selling your home. Your home selling experience should be one that leaves you feeling satisfied. Be sure to contact us today so we can put our expertise in the Evanston Real Estate market to work for you!
*Information taken from the KCM Blog


The Thomas Team
@
Properties

Chicago's #1 Real Estate Brokerage
Chicago & North Shore Real Estate
Visit Our Website
View Our Listings
Contact Us

Thursday, June 7, 2012

How to Improve Curb Appeal

Home Selling Advice to Help You Attract Potential Evanston Homebuyers


A large percentage of  Evanston home buyers decide whether or not to look inside a house or take it seriously based on its curb appeal—the view they see when they drive by or arrive for a showing. You can help make sure they want to come inside your Evanston home by spending some time working on the its exterior appearance.

It's difficult to look at our own house in the same way that potential Evanston home buyers do, because when we become accustomed to the way something looks and functions, we can't see its faults. Decide right now to stop thinking of the property as a home. It's a house—a commodity you want to sell for the highest dollar possible.

Curb Appeal Exercise



The next time you come home, stop across the street or far enough down the driveway to get a good view of the house and its surroundings.

  1. What is your first impression of the house and yard area?
  2. What are the best exterior features of the house or lot? How can you enhance them?
  3. What are the worst exterior features of the house or lot? How can you minimize or improve them?
Park where a potential buyer would and walk towards the house, looking around you as if it were your first visit. Is the approach clean and tidy? What could you do to make it more attractive?
Take photos of the home's exterior. If you have a digital camera, view the color versions first, then remove the color and look at it in black and white, because it's easier to see problems when color isn't around to affect our senses.

Make a list of the problem areas you discovered. Tackle clean up and repair chores first, then put some time into projects that make the grounds more attractive.

  • Kill mold and mildew on the house, sidewalks, roof, or driveway.
  • Stow away unnecessary garden implements and tools.
  • Clean windows and gutters.
  • Pressure wash dirty siding and dingy decks.
  • Edge sidewalks and remove vegetation growing between concrete or bricks.
  • Mow the lawn. Get rid of weeds.
  • Rake and dispose of leaves, even if your lot is wooded.
  • Trim tree limbs that are near or touching the home's roof.

Don't Forget the Rear View

Evanston Buyers doing a drive by will try their best to see your back yard. If it's visible from another street or from someone's driveway, include it in your curb appeal efforts.


Evening Curb Appeal

Do your curb appeal exercise again at dusk, because it isn't unusual for potential Evanston buyers to drive by houses in the evening.
  • One quick way to improve evening curb appeal is with lighting:
  • String low voltage lighting along your driveway, sidewalks, and near important landscaping elements.
  • Add a decorative street lamp or an attractive light fixture to a front porch.
  • Make sure lighting that's visible through front doors and windows enhances the home's appearance.

Landscaping Decisions

There are times that adding elements to your landscaping can improve curb appeal, but there are other times when removing something is even more effective.

Most buyers cannot visualize changes, and often won't take a second look at a house if the first look doesn't appeal to them. Home buyers who can visualize changes, and are prepared to make them, expect you to reduce the price of the house to compensate for the work they plan to do.

A Few Curb Appeal Tips

  • If you can budget it, a fresh paint job does wonders for a dingy house. Drive around Evanston to find color schemes that are appealing.
  • Install a more attractive front door, maybe something with leaded glass inserts.
  • If you can't justify the cost of a new door, consider replacing plain doorknob hardware with something more attractive.
  • If new hardware is beyond your budget, repaint or stain the door and polish the hardware?
If you brainstorm, you'll find that there's a solution to most problems—one that lets you stay within your budget. The trick is to find the areas where improvements are needed, then work on them as best you can.

As Evanston Real Estate agents, we enjoy giving you great information and tips for the Evanston Real Estate market.  If you have any questions or about living in Evanston or are interested in learning more about selling a home in Evanston, please let us know.  We're here to help in any way we can and would enjoy the opportunity to help you make Evanston your new home.
 
We look forward to hearing from you!

The Thomas Team
@
Properties
Chicago's #1 Real Estate Brokerage


Monday, April 30, 2012

Evanston Neighborhood Specialist


Hiring a Buyer's Agent Who Specializes in Your Neighborhood


Hiring an Evanston Neighborhood Specialist

Buying a home involves spending more money than most buyers have ever spent in their lives. When significant amounts of money are at risk, it makes more sense to hire an experienced real estate agent who has first-hand knowledge of Evanston.
Think about this: if you were being unjustly sued, would you hire Uncle Joe from one town over who just passed the bar exam, or would you hire an aggressive local lawyer who annually wins dozens of cases just like yours and goes to lunch with the judge?
Sometimes buyers hire agents who work outside of an area. Working with an agent who doesn't have intimate knowledge of the Evanston neighborhoods can hurt a buyer. For example, here are 12 pieces of crucial information that an Evanston neighborhood specialist will undoubtedly know, whereas an out-of-area real estate agent may not:
  • History of Evanston neighborhood homes, who owned them and when
  • Which Evanston homes were previously on the market outside of MLS data
  • What makes some homes on a street worth more than others
  • Which Evanston streets are considered desirable and which are not
  • Neighborhood nuisances and their influence on value
  • Special retrofits exclusive to the community
  • How to accurately price homes and determine specific values
  • Which Evanston agents take listings at market and who takes overpriced listings
  • Listing agent's reputations and how to negotiate with certain Evanston agents
  • Pending legislation or neighborhood enforcement of Evanston regulations
  • How to get inside information from Evanston listing agents, because they know each other
  • New Evanston inventory that is not yet on the market but coming
Buyers deserve complete disclosure and to receive pertinent information that often only a neighborhood specialist can provide. Neighborhood specialists know which home inspections should be performed that are particular to the area, and they can refer local inspectors and contractors.
If you are considering buying a home in Evanston, let us know.  Our team of agents will be happy to assist you whether you are buying or selling.



The Thomas Team
Properties
Chicago's #1 Real Estate Brokerage