Real Estate Consumer Info.com

If you are currently in the market for a new home, you may be interested in how a real estate agent can help you.  You are about to make a great investment of both money and time.  I have a wealth of experience helping buyers of all categories like you make sound, informed decisions.

Did you also know that we don't cost you a thing?  That's right - zip, nada, zilch!

Here are some ways that a Buyers Agent can help you:

• Agents can help establish a plan for a home that fits your needs. Style, size, amenities, and other preferences will help determine what kind of home is best suited for you. They are familiar with all the floor plans and styles.
  
• They will help you to determine realistic spending limits. They can often explain alternative financing options or introduce you to a mortgage counselor. Agents can arrange to have you "pre-approved", which can help improve your positioning in negotiations.
  
• Access to all home listings all in one place within the MLS enables them to evaluate homes based on your affordability and the qualities you desire.  You can also have custom searches of multiple areas on my website until you make a final choice on a particular town.  Not all companies offer this service!
  
• They have access to information on taxes, real estate values, and municipal services, all of which can aid you in your decision to buy.
  
• They can 'work for you' as a buyer's agent, helping to negotiate the best terms and price for you.
  
• They can make you comfortable with the closing process and they will obtain closing figures in advance for your review.
  

The median list price for home in Roselle Illinois is $324,000 with the average market time of 191 days.  The lowest priced home available is $189,900 and the highest is $1,195,000 for custom construction.  The largest supply of homes available is in the $250,000 to $300,000 price range this report.

The above are just a few ways that a veteran buyers agent, like myself Lyn Sims, can help you in your journey towards buying your new home.  More information to prepare buyers can be found on my website or by calling me directly.

I'm confident that I can provide the kind of exceptional service that will make this process an exciting one. Please don't hesitate to call or e-mail me with any questions you may have.

Lyn Sims RE/MAX Suburban (847) 230-7324   OR  Email her:   LynSims@remax.net

Having someone in your corner with over 20 years experience will ensure every detail of your purchase is handled smoothly!  Looking forward to hearing from you!

Lyn Sims at (847)230-7324

Northwest Suburbs of Chicago - Roselle, Schaumburg, Hoffman Estates, Palatine, Elk Grove Village, Itasca, Medinah, Bartlett, Bloomingdale, Carol Stream, Hanover Park, Streamwood, Elgin, South Elgin, St. Charles. 

All data and information provided on this blog is for informational purposes only.  Lyn Sims makes no representations as to accuracy, completeness, correctness, suitability or validity of any information on this site and will not be liable for any errors, omissions, or delays in information or any losses, injuries, or damages arising from it's display or use.

Homes for Sale in Roselle Illinois - 2008 Lyn Sims - RealEstateConsumerInfo.com

 

                       
    © 2007 - 2010 Lyn Sims

       

DO YOU THINK YOU MIGHT NEED A BUYING COACH?

NEED HELP FINDING A HOME AND DON'T KNOW WHERE TO START?

DID YOU KNOW THAT USING THE SERVICES OF A REALTOR WILL COST YOU NOTHING?   

That's right - nada, zip, zero and zilch!  

As a qualified professional in the area, I can help you with all those questions.  I will work for you as a 'buyers advocate' or 'buyers agent'.  You get the advantages of the realtors experience (my experience!) in contract negotiations, neighborhood knowledge, mortgage programs, and a whole list of other skills wrapped into a nice package! 

Just to mention a recent buyers survey, a full 76% of home buyers purchased their home through a real estate agent.  Real estate professionals are relied upon to have experience in every aspect of a typical home purchase.  The home buyer ultimately wants the agent to help the buyer find the right property to purchase (50%) and many more concerns such as:

1)  Help find the right home to purchase.

2)  Help buyer negotiate the terms of the sale.

3)  Determine what comparable homes are selling for.

4)  Help with price negotiations.

5)  Help with paperwork.

6)  Help determine how much a buyer can afford to spend on a home.

7)  Help find and arrange financing.

SO ......  WHEN WOULD YOU LIKE TO GET STARTED?

A real estate agent, such as myself, Lyn Sims, has all the available properties for sale listed in one place (MLS) for you to look at.  No hopping around from site to site!  Most listings now have virtual tours and multiple interior pictures so you can get a complete feel for the homes qualities and room sizes.  Another important step that must be taken first is to get pre-qualified for a loan BEFORE you begin your home search!  I can also help with any questions that you might have in the mortgage/loan area also because I've been thru the process before! 

I look forward to working with you on finding your new home.

My Bio and Qualifications can be found here for you to check out. I've been working in the area for over 20 years and can answer all your questions about a neighborhood that you might be interested in.

What Makes a Good Neighborhood?

I'm excited and I want to start looking now Lyn - take me to the MLS search!

Lyn Sims at RE/MAX Suburban (847)230-7324

Homes for Sale in Schaumburg IL and surrounding areas of Hoffman Estates, Elk Grove Village, Roselle, Medinah, Itasca, Bloomingdale, Bartlett, Streamwood, Hanover Park, Carol Stream, Elgin, South Elgin, St. Charles.

 

                       
    © 2007 - 2010 Lyn Sims

       

Looking for Zero down, Low down or 100% financing in the Roselle IL area?

Zero down or 100% financing loans still exist in the Roselle area.  Most people will say it is not out there, but rest assured it is!  You have just to know where to find it and how to make it work.

More and more homes are now being financed FHA.  There are many great features of an FHA loan, but one of the most important is the flexibility of the 3.5% down payment.  It can come from many sources as long as it is documented and structured properly.

Many Down Payment Assistance (DPA) programs have been instituted and approved by FHA to help borrowers achieve their home ownership dream.  You may have heard that FHA DPA programs are no longer allowed.  This is only partly true.  'Seller Funded' DPA programs like Nehemiah and Ameridream are no longer available, there are still many forms of FHA down payment assistance that are alive and well!  Like I've said before, you just have to know where to find them and how to make them work.  

I have spent quite a bit of time researching the many different programs and methods of low down payment financing available to my buyers.

Gift Funds

FHA will allow the down payment to come in the form of a gift from a family member, family friend and in some cases an employer.  While this option is easy, there is a very specific procedures and documentation required by FHA for the gift funds to be used.  A qualified, experienced FHA lender is vital to your transaction so that the process is executed smoothly.

Community Grant Programs

This is a great secret that I'll let you in on!  There are many Community Grant Programs that are already in existence and ready to be utilized now!  A Grant is a non-repayable gift that is used for the down payment and in some cases closing costs.  Many of these programs are funded by municipalities to promote home ownership in their village.  Each program has different qualifications, guidelines and procedures.  Some programs assist teachers, police, fire and disabled citizens.  Certain Grant Programs do have income restrictions and qualifying restrictions that may or not apply to you.  Home inspections must be done and paid for by the buyer directly and any home that was built prior to 1978 must undergo a lead based paint inspection that the village will pay for.  

Many programs also might require that the Mortgage Lender and/or Real Estate Agent be registered before they can offer them to their clients on their home purchase.  It is important to find a Lender and Agent that have access to all of these programs.  This will ensure that you have as many options as possible!

#1  You
#2  Experienced FHA Lender
#3  Experienced Agent like Lyn   =  New home!

Now you can see that there are still many, many options for 100% financing, Zero Down, Low Down on your next Roselle Area home purchase.  With prices low and all the great deals out there, now is a great time to buy!

Let's talk about a 'Game Plan' for you!

Lyn Sims (847)230-7324 at RE/MAX Suburban

I proudly serve and sell real estate in the Northwest Suburbs of Chicago.  If you are thinking about purchasing or selling your home in the communities of Roselle, Schaumburg, Hoffman Estates, Elk Grove Village, Palatine, Medinah, Itasca, Bloomingdale, Carol Stream, Bartlett, Hanover Park, Streamwood, Elgin, South Elgin, St. Charles and more importantly, want to work with a local area expert, contact me immediately.

All data and information provided on this blog is for informational purposes only.  Lyn Sims makes no representations as to accuracy, completeness, correctness, suitability or validity of any information on this site and will not be liable for any errors, omissions, or delays in information or any losses, injuries, or damages arising from it’s display or use.

Zero Down, Low Down, 100% financing - 2008 Lyn Sims - RealEstateConsumerInfo.com 

 

                       
    © 2007 - 2010 Lyn Sims

       

The Not Some Doom and Gloom Report – November 2008
 
Some positive financial and real estate market results that I think you should be made aware of.  With all the negative publicity day in and day out, just wanted to be sure that some positive information was also getting enough ‘air time’.  So here are some of my thoughts and articles that I compiled to explain current market conditions for our area.
 
Part One – Mortgage Money

The media would have you believe that no one can get a mortgage out there or only the elite are doing it but that just isn’t the case.  This Mortgage Banking article says that in our area for the first half of 2008 we were churning out the loans – 20,009 to be exact in Cook County.  We happen to be #2 in the entire U.S.
 
People are refinancing their homes for whatever reason and that is also moving along smoothly with Cook County leading the way and then DuPage County in the 11th spot.  That’s a total of 92,099 people that refinanced their home successfully in our area!
 
So where’s that shortage of mortgage money everyone is talking about?
 
Top 25 Counties Nationwide for Purchase Markets – June 2008
 
#2     Cook County IL         20,009             $4,300,222,907
 
 
Top 25 Counties Nationwide for Refinance Markets – June 2008
 
#1     Cook County IL          73,805                 $14,013,656,297
#11  DuPage County IL       18,294                 $ 3,436,779,303
 
PDF of Mortgage Banking Article, November 2008


Part Two – Price and Sales

Highlights from the National Assn. of Realtors – Housing Report on Sales (Prices across the U.S.) - Four out of five metropolitan areas recorded lower home prices in the third quarter from a year earlier, while existing-home sales fell in 32 states from the second quarter.
 
In the third quarter, 28 out of 152 metropolitan statistical areas showed increases in median existing single-family home prices from the same quarter in 2007; four were unchanged and 120 metros experienced declines. NAR’s track of metro area home prices dates back to 1979.
 
Distressed sales, foreclosures and short sales - accounted for 35 to 40 percent of transactions in the third quarter, pulling down the national median existing single-family price to $200,500, which is 9 percent lower than the third quarter of 2007.
 
A year ago, when there were significantly fewer distressed transactions, the median price was $220,300. The median price is where half of the homes sold for more and half sold for less.
 
Strongest Sales Gains - The largest sales gain during the third quarter was in Arizona, up 28.3 percent from the second quarter, followed by California which rose 28.1 percent and Nevada, up 26.2 percent.
 
The steepest declines in single-family home prices in the third quarter were in three California markets: the Riverside-San Bernardino-Ontario area, where the median price of $227,200 dropped 39.4 percent from a year ago, followed by Sacramento-Arden-Arcade-Roseville at $212,000, down 36.8 percent from the third quarter of 2007, and San Diego-Carlsbad-San Marcos, where the price dropped 36 percent to $377,300.
 
The largest single-family home price increase in the third quarter was in the Elmira, New York area, where the median price of $105,000 rose 12.5 percent from a year ago. Next was Decatur, Illinois at $93,400, up 8.7 percent from the third quarter of 2007, followed by the Bloomington-Normal, Illinois area, where the third-quarter median price increased 8.1 percent to $168,400.
 
The typical seller purchased their home six years ago and is experiencing net equity gains. The national increase in value since the third quarter of 2002 is 18.3 percent, which is a median gain of $31,000. Even with the current downward price distortion, 90 percent of metro areas are showing six-year price gains.
 
Condo Markets –
The strongest condo price increases were in the Dallas-Fort Worth-Arlington area, where the third quarter price of $149,900 rose 11.1 percent from a year earlier, followed by Bismarck, North Dakota at $148,000, up 11 percent, and the Houston-Baytown-Sugar Land area, where the median condo price of $134,100 rose 8.1 percent from the third quarter of 2007.
 
The second most expensive condo market reported was the New York-Wayne-White Plains area of New York and New Jersey at $324,000, followed by Honolulu at $322,000.
 
Other affordable condo markets include the Indianapolis area at $113,500 and the Cincinnati-Middletown area of Ohio, Kentucky and Indiana, at $117,300 in the third quarter.
 
Part Three - Market Snapshot by Regions
 
Midwest:  existing-home sales rose 2.7 percent in the third quarter to a pace of 1.15 million but remain 10.6 percent below a year ago. The median existing single-family home price in the Midwest declined 5.5 percent to $159,900 in the third quarter from the same period in 2007. After Decatur and Bloomington-Normal, the next strongest metro price increase in the Midwest was in the Wichita, Kansas area, where the median price of $125,300 was 5.5 percent higher than a year ago, followed by Champaign-Urbana, Illinois at $146,400, up 2.7 percent.
 
Part Four – Markets on the Upswing

Top 10 Most Promising Housing Markets across the U.S. according to Housing Predictor, which provides housing forecasts in 250 markets, has identified 10 markets where the regional economies are healthy and have strong potential for increasing prosperity.

These housing markets have bucked the national trend in 2008 and avoided the subprime crisis, the consultancy says. Whatever the future holds for the housing market as a whole, Housing Predictor forecasts that these cities will continue to see steady, dependable growth.

Top cities and the percentage sales prices have increased so far in 2008.

• Biloxi, Mississippi, 4.9 percent
• Salem, Oregon, 4.7 percent
• Bismarck, North Dakota, 4.6 percent
• Spokane, Washington., 4.4 percent
• Yakima, Washington, 4.1 percent
• Austin, Texas, 4.0 percent
• Grand Junction, Colorado, 4.0 percent
• Fargo, North Dakota, 4.0 percent
• Mobile, Alabama, 3.9 percent  
• Albuquerque, New Mexico, 3.5 percent

 
Part Five – Even the rich folks are having problems!

The Priciest Real Estate Markets across the U.S. where more than 43 percent of sellers of luxury homes have had to reduce their prices, according to one study of high-end home sales. The Institute for Luxury Home Marketing’s newly launched Luxury Housing Report says that homes in ZIP codes at the top end of the housing market are selling more slowly, up from 110 days on the market in May to 130 days in September.

Median prices have remained stable at a $1.154 million, or $336 a square foot, about the same as September.

Here’s the situation in the top 10 priciest markets and the average days on the market:
 
1.     Atlanta: Median price, $788,062. Average days on market: 123
2.     Boston: $1.45 million, 125
3.     Chicago: $1.48 million, 153
4.     Dallas: $844,036, 120
5.     Honolulu: $1.15 million, 110
6.     Las Vegas: $482,197. Inventory, 137
7.     Miami: $1.96 million, 220
8.     New York: $3.6 million, 186
9.     San Diego: $2.1 million, 83
10.   Seattle: $1.1 million, 113
 
The info is presented to show that all real estate is local and that trends in our own area are the ones that we should follow. 

Sometimes the media only tells a generalized and sensationalized story.  That’s what keeps people tuned in after all!

So it seems that foreclosures are selling first and fastest.  Would only make sense because those prices are lowest and offer the most value.  Foreclosures in some areas are still receiving multiple offers.

Not everyone in every area is in a declining market.

 
 

Lyn Sims (847)230-7324 at RE/MAX Suburban

I proudly serve and sell real estate in the Northwest Suburbs of Chicago.  If you are thinking about purchasing or selling your home in the communities of Schaumburg, Hoffman Estates, Elk Grove Village, Roselle, Palatine, Medinah, Itasca, Bloomingdale, Carol Stream, Bartlett, Hanover Park, Streamwood, Elgin, South Elgin, St. Charles and more importantly, want to work with a local area expert, contact me immediately.

 

                       
    © 2007 - 2010 Lyn Sims

       

Looking for a home in the Elk Grove Village area?   This is a great time to get your first home, move to a smaller home, or move to a larger home.  Interest rates are stable and recently lowered despite all the media hype and is available to all with fairly decent credit.  

These are the current market numbers and availability for single family homes in Elk Grove Village, Illinois.  Lots of great selections below the $300,000 range and we've got great custom construction for price ranges above that!  The median listing price for Elk Grove is $341,331.  Some "handyman specials, foreclosures and fixer uppers" are available for buyers trying to get "instant equity" in the market by doing the work themselves!  There probably is a deal out there waiting for you!

Lowest Price is $184,900 and the Highest Price is $999,000 with the Average Days on Market of 198.

To search for homes currently available in the surrounding Elk Grove area, please go directly to my homesearch page to get started.  Other interesting articles for sellers or buyers are also available at www.LynSims.net to make you market "savvy" before you start your home search!

If you are looking to buy or sell a home in the Elk Grove Village Illinois area, please feel free to contact me, Lyn Sims of RE/MAX Suburban at (847)230-7324.  I can provide you with information on many of the areas communites and show you the latest homes that are available!

 Lyn Sims (847)230-7324 RE/MAX Suburban

Selling in the NW Chicagoland Suburbs of Elk Grove Village, Schaumburg, Hoffman Estates, Roselle, Medinah, Itasca, Bloomingdale, Elgin, South Elgin, Hanover Park, Carol Stream, St. Charles Illinois areas.

All data and information provided on this blog is for informational purposes only.  Lyn Sims makes no representations as to accuracy, completeness, correctness, suitability or validity of any information on this site and will not be liable for any errors, omissions, or delays in information or any losses, injuries, or damages arising from it's display or use.

Homes for Sale in Elk Grove Village Illinois©2008 Lyn Sims - RealEstateConsumerInfo.com

 

                       
    © 2007 - 2010 Lyn Sims

       

Santa Paws - Photos of you and your pets with Santa Claus!

December 6                                PetSmart in Bloomingdale IL
December 7                                162 S Gary Avenue near Stratford Square 
December 13                             (630) 307-8833
December 14
December 20
December 21

December 13                             PetSmart in Schaumburg IL
December 14                             140 N Barrington Rd. near Home Depot
December 21                                                       (847) 798-1217

December 13                                                       PetSmart in Schaumburg IL   (847) 413-0982

December 14                                                       1440 E Golf Rd, near Meacham & Golf by Woodfield

Looking to adopt a dog?                          Looking to adopt a cat?

Looking for a new home for you and your pets?  Sound real estate advice about our local area!

Lyn Sims  (847)230-7324 RE/MAX Suburban

I proudly serve and sell real estate in the Northwest Suburbs of Chicago.  If you are thinking about purchasing or selling your home in the communities of Bloomingdale, Bartlett, Carol Stream, Schaumburg, Hoffman Estates, Elk Grove Village, Roselle, Palatine, Medinah, Itasca, Streamwood, Elgin, South Elgin, St. Charles and more importantly, want to work with a local area expert, contact me immediately.

Christmas Lights and Santa at the Zoos

Santa at Woodfield

Santa at Stratford Square

 

                       
    © 2007 - 2010 Lyn Sims

       

Schaumburg Presents 11th Annual Christkindlesmarkt

Celebrate the holiday season with Schaumburg's outdoor European influenced open-air holiday market November 29 & 30, 2008 at Schaumburg's Town Square, located at the southwest corner of Schaumburg and Roselle Roads.  Festival hours are 11am to 6pm on Saturday, November 29 and 11am to 5pm on Sunday, November 30.

Based on the holiday festival of the same name in Nuremberg, Germany, the outdoor Christkindlesmarkt features ethnic and domestic crafts, holiday gift items, food, live entertainment, children's activities, and visits from Santa & St. Nicholas.

At 5:30pm on Saturday, families are invited to participate in the Festival of Lights, a holiday singalong featuring members of the St. Peter Lutheran Choir, ushered in by children holding battery-operated candles. Children wishing to participate in the Festival of Lights should meet at the information booth at Christkindlesmarkt at 5:15pm. Horsedrawn sleigh rides will also be offered for a small fee both days.

The Schaumburg Christkindlesmarkt is sponsored by the Village of Schaumburg in cooperation with the Schaumburg Township District Library. In addition, the Schaumburg Jaycees will be present at Christkindlesmarkt again this year with their Wish Tree.

For additional information, call the Cultural Services Department at 847.923.3605.

 

                       
    © 2007 - 2010 Lyn Sims

       

Mr. Seller why am I good enough to stage your home and give you advice, but not good enough to list it?

I am very sensitive and empathetic.  I ‘feel things' about a situation that a seller might have BEFORE they tell me what is going on at a presentation.  But here's a question for all future sellers out there in housing land - What do they expect of an agent and WHY?

I pride myself on being very thorough and presenting the market as it truly is - no sugarcoating for me!  Languishing on the market with no action is just not my style - this Mr. Seller already had a 200 day market time with another agent from an out of the area brokerage.

But I'll continue with a couple of questions for Mr. Seller ~~

How do you think I get paid?  I get paid because of knowledge and experience, both of which you have taken advantage of.  Your other agent didn't even mention half your homes features on the MLS sheet.  How about missing that first floor den?  Did you remind him that you have a basement?  But that's right; he was a ‘good guy'.

Why do you take my advice as far as the listing price of your home?  Your ‘good guy' ex-agent thought you should start at xxx price even though he wasn't familiar with the suburban market.  You've had $55,000 in price reductions!  Yikes!

Why do you take my advice and expertise on staging your home and then list with another agent?   This is the one that really irks me - the home is staged just like I asked in the MLS photos.  Room by room - there are my thoughts and advice!  Gosh it looks great!  I'm glad I told you all that information so your current agent could take advantage of all that time!  Thanks for that compliment!

I guess something must be wrong with me on how I perceive a sales position or situation.  I think sales is one of the toughest professions you can indulge in but the benefits are many if you succeed.  Yes, I want to succeed, just like the ‘good guy', but I want to SELL homes, not just list (well not in this case!) and stage them!

Why do people take extreme amounts of our time with questions, asking advice, planning every minutia and then feel no loyalty or connection to that person on which they have seemed to rely so heavily?  Weren't we compadres here?  Didn't you agree to list your home with me upon the premise of staging advice?  

Didn't I send photos of my pewter kitchen cabinet knobs because you didn't know what to get at Lowe's?  Yep, that was you!

I could have swore you wanted and needed my advice!  Why would I spend hours with you and your wife talking about everything from towels to dirty appliances?

Maybe I should just become a professional stager?  But wait, they expect to get paid for their advice and expertise, so that won't work!

Mr. Seller, I could have swore you wanted me to list and sell your home.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Update 2/1/2009  This home has been on the market an additional 90+ days and has expired again.  The sellers have reduced the listing priced another $25,000.  I'm sure that staging the home to sell would not have cost anywhere near the $25K price reduction!  This has been a hard lesson for the sellers of this home - all in total they have reduced the price $80,000.  This is a classic example I feel that if they would just have taken some good solid staging advice this never would have happened to their pocketbook!

This is really just a small sampling of what is going on in the market today.  I truly wish these sellers well!

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 

  Lyn Sims (847)230-7324 at RE/MAX Suburban

I proudly serve and sell real estate in the Northwest Suburbs of Chicago.  If you are thinking about purchasing or selling your home in the communities of Schaumburg, Hoffman Estates, Elk Grove Village, Roselle, Palatine, Medinah, Itasca, Bloomingdale, Carol Stream, Bartlett, Hanover Park, Streamwood, Elgin, South Elgin, St. Charles and more importantly, want to work with a local area expert, contact me immediately.

Mr. Seller, Why am I good enough to stage your home and give you advice, but not good enough to list it?©2008 Lyn Sims - RealEstateConsumerInfo.com  All data and information provided on this blog is for informational purposes only.  Lyn Sims makes no representations as to accuracy, completeness, correctness, suitability or validity of any information on this site and will not be liable for any errors, omissions, or delays in information or any losses, injuries, or damages arising from it's display or use.

 

                       
    © 2007 - 2010 Lyn Sims

       

Top Selling Hoffman Estates Subdivisions by Price Range - Multi-family Homes

Well you must be interested in Hoffman Estates if you're here!  Or are you just curious?  This is a short piece on the top selling subdivisions in Hoffman Estates over the last 6 months (January thru June 2008).  There were a total of 92 sales.  Within the 'Multi-family' category are condos, duplexes, townhomes, quads - basically anything that is not a free standing home!

Lowest sale is $60,000 in Moon Lake.

Highest sale is $335,000 in the Links at Poplar Creek.

Under $100,000         Moon Lake -  5 story condo buildings have elevators, also includes low rise buildings and quads. 

                                      Highland Crossing - 3 story condo buildings.

$101,000 to $150,000          Hill Dale - Townhome and 2 story condo buildings near the golf course.

                                                 Barrington Square -  Quads and townhomes available, both with or without garages, both with or without basements.  Ranch and 2story styles.

$151,000 to $200,000         Barrington Square 

                                                 Huntington Club - Townhome and low rise condo buildings near the Hill Dale golf course.

$201,000 to $250,000          Castleford - Townhomes with or without basements, with a 1 car or 2 car garage depending upon the model.

$251,000 to $300,000          Poplar Creek - Townhomes surrounding the Poplar Creek Golf Course, some have basements, 2 car garage, mostly brick exteriors.

$301,000 to $350,000          Casey Farm Villas - Duplexes with basements and 2 car garages.  Nature sanctuary nearby. 

As the 'market expert' I stay abreast of the current sales in the area - how many other agents are doing this?

My website in full of great buyer information, seller information, staging information and examples, community info, school stats and community benefits for anyone thinking of buying or selling from the first timer to the seasoned shopper!

Hoffman Estates - Wide Open Spaces!

Hoffman Estates Village Profile

Please give me a call to discuss your plans!  Having someone in your corner with over 20 years experience will ensure every detail of your purchase or sale is handled smoothly!

Lyn Sims at RE/MAX Suburban (847)230-7324 

I proudly serve and sell real estate in the Northwest Suburbs of Chicago.  If you are thinking about purchasing or selling your home in the communities of Hoffman Estates, Schaumburg, Elk Grove Village, Roselle, Palatine, Medinah, Itasca, Bloomingdale, Carol Stream, Bartlett, Hanover Park, Streamwood, Elgin, South Elgin, St. Charles and more importantly, want to work with a local area expert, contact me immediately.

Top Selling Hoffman Estates Subdivisions by Price©2008 Lyn Sims - RealEstateConsumerInfo.com  All data and information provided on this blog is for informational purposes only.  Lyn Sims makes no representations as to accuracy, completeness, correctness, suitability or validity of any information on this site and will not be liable for any errors, omissions, or delays in information or any losses, injuries, or damages arising from it’s display or use.

Data compiled from Sold Properties from the MLS (MRED) 1/1/2008 thru 6/30/2008 and my trusty little pencil!

 

                       
    © 2007 - 2010 Lyn Sims

       

DUNBAR LAKES GOES GREEN

Dunbar Lakes in Schaumburg has joined the green revolution. The complex recently installed energy saving Compact Fluorescent Lighting throughout the 424 unit complex. Dunbar Lakes is a mixture of town homes and quad style units in a choice Schaumburg location. The new lighting will provide better security and cost savings. Previously, the residents enjoyed having the private lake restored and beautified with native plantings and installation of limestone edging. The plantings, which include wildflowers and grasses, help reduce erosion and provide habitat for birds, butterflies and other species. Underway now is a complete pool installation. The board approved this project when it was learned the old swimming pool could be leaking up to 6000 gallons daily on the hottest summer days. Residents enjoy free use of the pool and the board agreed that replacing the old pool was both cost effective and environmentally responsible. A grand opening is scheduled for the spring of 2009.

Dunbar Lakes is managed by Alma Property Management and can be reached at 847-517-4400. Other projects for the complex include a new tennis court and playground, both currently under construction.

Currently there are 18 homes, either quads or townhouses available in Dunbar Lakes as of this writing.  The lowest priced 2BR quad is $157,900 and the largest townhome $239,900 with a full finished basement.  If you are interested in this area or would like more information, please don't hesistate in giving me a call!

Lyn Sims (847)230-7324 at RE/MAX Suburban

I proudly serve and sell real estate in the Northwest Suburbs of Chicago.  If you are thinking about purchasing or selling your home in the communities of Schaumburg, Hoffman Estates, Elk Grove Village, Roselle, Palatine, Medinah, Itasca, Bloomingdale, Carol Stream, Bartlett, Hanover Park, Streamwood, Elgin, South Elgin, St. Charles and more importantly, want to work with a local area expert, contact me immediately.

PRESS RELEASE 11/13/2008

For Additional Information Contact:
Jim McMillan 847-884-9988
Joe Sorgani 847-517-4400 x 308

Dunbar Lakes©2008 Lyn Sims - RealEstateConsumerInfo.com  All data and information provided on this blog is for informational purposes only.  Lyn Sims makes no representations as to accuracy, completeness, correctness, suitability or validity of any information on this site and will not be liable for any errors, omissions, or delays in information or any losses, injuries, or damages arising from it's display or use.

 

                       
    © 2007 - 2010 Lyn Sims

       

Top Selling Schaumburg Subdivisions – Multi-family homes which is 'MLS computer speak' for condos, coach homes, manor homes, quads, townhomes, and duplexes.  They will be done by price range because there are alot of different subdivisions to go thru! 

are foreclosures.  

One note of interest about the market - the bulk of sales were in the $150,000 to $200,000 range with a total of 103.  That suggests that first time homebuyers are the largest part of the sales taking place.

All subdivisions are mapped so you get an idea of where they are!  OK, let's get started .............

Under $150,000      Lakewood - Condos near the corners of Weathersfield and Roselle Rds.

                                   Walden - Condos east of the Meacham and Algonquin intersections, near the new Convention Center and Motorola.

 

Under $200,000       Weathersfield Commons  - Quads just east of Springinsguth off Schaumburg Rd.

                                    Sheffield Manor - Quads near Bode & Knollwood.

                                    Lexington Green - Coach Homes just south of Schaumburg and Meacham.

                                    Gatewood - Coach Homes just north of Schaumburg Rd. just west of Plum Grove.  

                                   Gatewood gets a mention because there have never been that many sales in here that I can remember!

Under $250,000      Briar Pointe – Townhomes near Fairlane and Irving Park Rds.

                                   Red Rock – Townhomes just west of Schaumburg and Barrington Rds.

Under $300,000      Towne Place and Towne Place West –  Townhomes and Coach Homes either side of Schaumburg and Barrington Rds.

                                   Haverford - Townhomes near Schaumburg Rd and Martingale.

                                   Sarah's Grove - Townhomes near the library at Schaumburg Rd and Towne Square

Under $350,000       Autumn Ridge – Townhomes near Schaumburg and Meacham Rds.

                                     Cloisters - Townhomes near Wise and Mitchell Rds.

 
Under $400,000       Lions Gate - Townhomes south of Schaumburg and Meacham Rds.

Under $450,000                 

Under $500,000         Arbor Glen - Townhomes near NW Tollway and Roselle Rds.      

* Top Price of $474,900 for a Schaumburg Townhome this market period.

Under $600,000    

If you're a buyer,  no matter what your price range, and interested in the Schaumburg Area, please give me a call.  I have 25 years experience in the area and I can surely bet that I’ve been in the subdivision that your interested in!

If you’re a seller,  interested in selling your Schaumburg home – think of the great sales boost and shameless plug I’ve given your subdivision so give me a call so we can get you into your next home!  I offer you a customized market plan where your home is the star!

My website is full of great buyer information, seller information, staging information and examples, community info, school stats and community benefits for anyone thinking of buying or selling from first timer to seasoned home shopping veteran!

Schaumburg – a great place to live!

Schaumburg a bike friendly community!

Helping our Heroes in Schaumburg

Woodfield Shopping Area – free trolley everyday.

What is a coach home or a manor home anyway?   A Schaumburg anomaly explained.

Please give me a call to discuss your plans!  Having someone in your corner with over 20 years experience will ensure every detail of your purchase or sale is handled smoothly!

 Home search Website:   www.LynSims.net

Lyn Sims at RE/MAX Suburban (847)230-7324  OR   Email her at LynSims@remax.net

I proudly serve and sell real estate in the Northwest Suburbs of Chicago.  If you are thinking about purchasing or selling your home in the communities of Schaumburg, Hoffman Estates, Elk Grove Village, Roselle, Palatine, Medinah, Itasca, Bloomingdale, Carol Stream, Bartlett, Hanover Park, Streamwood, Elgin, South Elgin, St. Charles and more importantly, want to work with a local area expert, contact me immediately.

Top Selling Schaumburg Subdivisions©2008 Lyn Sims - RealEstateConsumerInfo.com  All data and information provided on this blog is for informational purposes only.  Lyn Sims makes no representations as to accuracy, completeness, correctness, suitability or validity of any information on this site and will not be liable for any errors, omissions, or delays in information or any losses, injuries, or damages arising from it’s display or use.

**Statistics entirely compiled by hand and my little pencil for sold homes from 6/1/2008 to 10/31/2008, MRED MLS 2008.

 

                       
    © 2007 - 2010 Lyn Sims

       

Top Selling Schaumburg Subdivisions by Price Range

Well you must be interested in Schaumburg if you're here!  Or are you just curious?  This is a short piece on the top selling subdivisions in Schaumburg over the last few months (June thru October 2008).  There were a total of 113 single family sales.  Only 4 are marked as short sales and I suspect a few are foreclosures.

Under $200,000         Weathersfield - One of the largest and the 1st subdivisions in the area.   Normally there wouldn't be anything under $200,000 but there have been some foreclosures and short sales.  Someone got a deal!

Under $300,000        Weathersfield

Under $350,000        Sheffield Park - Probably the 2nd planned subdivision in Schaumburg.

Under $450,000       Sheffield Estates - the northern portion of Sheffield Park.  The 'big brother' to Sheffield Park.

Under $500,000       Plumwood Estates - large colonials near Conant High School.

Under $600,000       Park St. Claire - very popular area with larger colonials.  Near Meacham and Schaumburg Rds.

Under $700,000       Lexington Fields South - has some of the largest homes available, newer custom homes on 1/2 acre minimum have recently been built.

$700,000 to $800,000         Essex Club 

$801,000 to ???         Lexington Fields Estates

TOP SOLD PRICE FOR SCHAUMBURG THIS REPORT  ~~~~         (drumroll!!!)            $935,000      Lexington Fields South                    

No matter what your price range if your interested in the Schaumburg Area, please give me a call.  I have over 25 years experience in the area and I bet I've been in the subdivision that YOUR interested in!

As the 'market expert' I stay abreast of the current sales in the area - how many other agents are doing this?

My website in full of great buyer information, seller information, staging information and examples, community info, school stats and community benefits for anyone thinking of buying or selling from the first timer to the seasoned shopper!

Schaumburg - a great place to live! 

Schaumburg a bike friendly community!

Helping our Heroes in Schaumburg

Woodfield Shopping Area - free trolley everyday. 

Schaumburg Townhome Communities - Top 5 Sellers

 
Please give me a call to discuss your plans!  Having someone in your corner with over 20 years experience will ensure every detail of your purchase or sale is handled smoothly!

Lyn Sims at RE/MAX Suburban (847)230-7324 

I proudly serve and sell real estate in the Northwest Suburbs of Chicago.  If you are thinking about purchasing or selling your home in the communities of Schaumburg, Hoffman Estates, Elk Grove Village, Roselle, Palatine, Medinah, Itasca, Bloomingdale, Carol Stream, Bartlett, Hanover Park, Streamwood, Elgin, South Elgin, St. Charles and more importantly, want to work with a local area expert, contact me immediately.

Top Selling Schaumburg Subdivisions by Price©2008 Lyn Sims - RealEstateConsumerInfo.com  All data and information provided on this blog is for informational purposes only.  Lyn Sims makes no representations as to accuracy, completeness, correctness, suitability or validity of any information on this site and will not be liable for any errors, omissions, or delays in information or any losses, injuries, or damages arising from it’s display or use.

Data compiled from Sold Properties from the MLS (MRED) 6/1/2008 thru 10/31/2008 and my trusty little pencil!

 

                       
    © 2007 - 2010 Lyn Sims

       

EVERY REAL ESTATE MARKET IS LOCAL.  ASK A SEASONED REALTOR, LIKE LYN SIMS, WHAT'S GOING ON LOCALLY!

What if 2008 was the best year to buy real estate and you didn't do it?  

This time may be your 'best opportunity' market in years!  Mortgage interest rates are low and prices in Northwest Suburban Illinois are still holding fairly well, generally area prices are flat.  The median price home sale in Illinois is actually UP at $198,768*.  The Chicago Median Price for a home is $264,271* which is also UP. 

NOT EVERYWHERE IN EVERY NEIGHBORHOOD ARE PRICES FALLING.  

That's why I'm saying the real estate market is local - it even makes a difference from subdivision to subdivision in every single town!  But, over time and the long haul, no investment comes close to real estate so now is a great time to buy, sell or invest.

So again, 'All real estate is local'.  What's happening in your local market is all that matters.  Ask a great local REALTOR, like Lyn Sims at RE/MAX Suburban what's going on in your market.  She is an expert in pricing, buying, demand and selling patterns.

NO.

Continuing with the four graphs you will notice that the total number of home sales is lowering steadily since actually the 1st Quarter of 2006.   

OK, tell me something we don't know - but wait - it's actually sooner than what you would think isn't it?   Wow, January 2006?    YES, and since then market demand has been down.

The median sales price for 60193 is actually near $230,000.   The median sales price for 60194 is $235,000.  The median sales price for 60195 is the lowest with $180,000.  The median sales price for 60173 is $330,000.

60195 - This can be explained as the typical first time homeowner is actually trying to spur our local market forward.  The sales are mostly from condo conversion projects in the area.  Therefore the average prices sold during that time will be lowered.   First time home buyers do not normally buy a home in the $300,000 and above range as a first home so obviously our average sales price will be lowered from that activity.  I have no explanation for the 'blip' up to $500,000 in the 4th quarter of 2006.

So don't be scared off by stories about a "credit crunch" either.  Conventional and FHA loans are available for credit-worthy buyers seeking these types of mortgages.  And mortgage interest rates remain at historically low levels.  Don't be scared off by forecasts that encompass the entire United States!  Think how ridiculous that is!

Is it a good time to buy?  I'm saying YES!

People who have just went thru foreclosure are not probably going to get a loan?    YEP, and in Illinois that is just a small percentage of the homes owned that are in trouble and headed for foreclosure.

People will always need to buy or sell a home whether a move is job-related or you are ready to downsize or expand.

The national housing market has received a lot of negative press lately with stories of mortgage market tightening and increasing foreclosures.  But for the average person with good credit, traditional financing is readily available.  Lyn Sims still has 100% financing available to those that qualify!  There are still programs that offer down payment assistance to buyers - but you have to know the right people to get the help!

It's important to do some homework before you buy to see what you can afford and what your financing options are. Today, mortgage interest rates are well below their all-time high of over 18 percent in the early 1980s.  People bought homes then and they can buy them now!   HEY I know 'cause I was sellin' em!

See this post by 'Jeff Belonger, the FHA Expert' on how the media is not telling you the truth about the mortgage business!  There are lenders out there that promise and don't deliver!  There are lenders out there that only offer one type of financing - they won't tell you about all the programs they don't have will they?

Is housing still your best long-term investment.   I'm saying YES again!

Homeowners who are in it for the long-term are coming out well ahead. Here's why. Because of the power of leveraging, a $10,000 down payment on a typically priced home in the United States at a typical home price appreciation of 5 percent will return $110,000 after 10 years. The same $10,000 invested in the stock market appreciating at 10 percent annual increases will result in $23,600.

Why wait?  It's a good time to buy and grab your piece of the pie!              

Lyn Sims of Re/Max Suburban (847)230-7324 works in the Northwest Suburban Chicago areas of Roselle, Bartlett, Elk Grove Village, Bloomingdale, Streamwood, Hoffman Estates, Hanover Park, Elgin, South Elgin, Carol Stream, Medinah, Palatine, and yes Schaumburg.  

Offering local real estate advice for 25 years!

Top Selling Schaumburg Subdivisions by price - Single Family

Top 5 Selling Schaumburg Subdivisions - Multi-Family

Schaumburg IL Local Market - What if 2008 was the best year to buy real estate and you didn't do it?©2008 Lyn Sims - RealEstateConsumerInfo.com

Sources: National Association of REALTORS®, 2008 Housing Price Forecast from the University of IL, City-data.com, MRED MLS, my little pencil and calculator.

 

                       
    © 2007 - 2010 Lyn Sims

       

Looking for a real deal?   How about a house for $189,900?    I'm not joking!

Looking for your 1st home in either Schaumburg or Hoffman Estates?  Need a decent price?  Want a good area for future resale value?  Want a good area with good schools for the kids?

These places are great!  Call me for more information on how to start your home search and explain the whole process to you!

Lyn Sims (847)230-7324 RE/MAX Suburban

I proudly serve and sell real estate in the Northwest Suburbs of Chicago.  If you are thinking about purchasing or selling your home in the communities of Schaumburg, Hoffman Estates, Elk Grove Village, Roselle, Palatine, Medinah, Itasca, Bloomingdale, Carol Stream, Bartlett, Hanover Park, Streamwood, Elgin, South Elgin, St. Charles and more importantly, want to work with a local area expert, contact me immediately.

Detached Single Status: PCHG MLS #: 07030416 List Price: $189,900 Address: 304 Wellesley Ct City: Schaumburg Zip: 60193 Subdivision: Weathersfield Area: 193 Bdrms: 3 Year Built: 1960 Baths: 1 Taxes: $1,259.08 Rms: 5 Approx SF:   Fplcs: 1 Master Bath: N Type: 1 Story Basement: N Lot Dimensions: 200X180X40 Park Type: Garage #Cars: 1

 

                       
    © 2007 - 2010 Lyn Sims