RealEstateConsumerInfo.com: February 2008

Schaumburg IL a Bike Friendly Community

Bike to Work DayBikes on Metra Trains

Metra's Bikes on Train Program is designed to enable cyclists to bring their standard form bicycles on board trains during weekday off-peak hours and on weekends.  Two bicycles are allowed in the priority seating area in each accessible rail car. There is no additional charge to your Metra fare to take a bicycle on board the train. For more information and a list of rules/regulations regarding taking your bicycles onto Metra trains, visit http://www.metrarail.com

Bicycle Parking at Schaumburg's Metra Commuter Rail Station

For those inclined to leave their bikes at the train station instead of taking them on board with them, the village provides 20 enclosed bike lockers and 28 covered bike rack parking spaces at the Metra Station just north of the rail tracks. Bicycle parking units on the south side of the tracks (in Roselle) are not a part of the village's equipment.

Schaumburg by BikeOpen-air bike rack parking is free and on a first-come-first-served basis. Enclosed bicycle lockers are also free but require a key deposit prior to leasing (the fee is returned when the lease expires or the lessee terminates the lease).

Explore Schaumburg by Bike

One easy way to identify Schaumburg's bike routes are by the green "Bike Route" signs you may have noticed along many of Schaumburg's streets. Another way is by receiving a FREE pocket-sized Schaumburg Bike Path Network Map. To receive a map by e-mail to the Transportation Department at mailto:acomb@ci.schaumburg.il.us.

 

Bike to Work Day       Friday, May 16

Kickoff, 9:30 am Meineke Park 220 E. Weathersfield Way

Event Sponsors are the Bicycle Connection of Schaumburg, 1226 N. Roselle Road

(847.882.7728) and the Village of Schaumburg (847.923.3862).

Those who work or reside in Schaumburg are encouraged to join President Larson at the Meineke Recreational Center for a ride along Schaumburg's scenic bike path network. The event is set for May 16 at 9:30 am (weather permitting). The route proceeds from the Meineke Center to the Robert O. Atcher Municipal Center. A map is posted on the website at www.villageofschaumburg.com/transportation.

Bikes on Buses

Since April 1, 2002, when all Pace buses were equipped with easy-to-use bike racks, more than 150,000 riders have taken advantage of this easy, convenient, bicycle benefit.

The process of securing or removing a bike is easy and only takes seconds.

• As the bus pulls up, wave at the bus operator before stepping in front of the vehicle.

• Release the rack by pulling the handle up and lowering the rack.Bikes on Trains

• Place your bike in the position furthest from the bus. Face your bicycle so that the front tire is facing the locking arm. Lift your bicycle onto the rack.

• With your bike's wheels in the wheel wells, pull the spring-loaded arm out and over your front bike tire as close to the frame as possible.

• To release your bike, simply pull the support arm away from and over the wheel and lift your bike from the rack.

• If the rack is empty, fold the rack against the bus by pulling the handle and raising the rack until it locks into place.

For more information on Pace's bus route information and bicycle racks on buses, visit www.pacebus.com.

LOOKING FOR A HOME IN THE SCHAUMBURG IL AREA?  I've got over 20 years experience selling and buying homes in Schaumburg, Hoffman Estates, Elk Grove Village, Medinah, Itasca, Carol Stream, Roselle, Hanover Park, Streamwood, Bloomingdale, Elgin, South Elgin, and St. Charles.

Lyn Sims Real Estate Blog

Lyn Sims  RE/MAX Suburban (847)230-7324            www.LynSims.net

Schaumburg Area Homes - Listed and For Sale

 
 

Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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1 commentLyn Sims - Schaumburg Homes • February 26 2008 03:44PM

Helping Our Heroes in Schaumburg with Clothing Collected, Lyn Sims (847)230-7324

Helping Our HeroesHelping Our Heroes

Helping Our Heroes

The Realtors Association of NorthWest Chicagoland and Weathersfield Lakes Association have joined forces to assist Helping Our Heroes (HOH). Helping Our Heroes is a program dedicated to raising money to help active duty Illinois military personnel in financial distress. Helping Our Heroes is sponsored by the Realtors Association of NorthWest Chicagoland Charitable Foundation. There are over 800 families of active duty Illinois military personnel facing financial hardship, foreclosure, and eviction from their homes.  THEY NEED HELP!  

The Association has placed a green recycling box in the parking lot of the Weathersfield Lakes Clubhouse, 130 N. Salem, 2 blocks north of Schaumburg Road. Helping Our Heroes will be paid for all clothing collected. They do not accept furniture. This box provides a great opportunity for the community to recycle their old clothes and shoes. All donations help fund Helping Our Heroes.

I can also come and pick up donations at your home if needed.

OUR ILLINOIS MILITARY NEEDS YOUR HELP IF YOU CAN!  

 Lyn Sims at RE/MAX Suburban (847)230-7324Lyn Sims, Northwest Suburban Chicago IL Real Estate  OR  EMAIL HER AT LynSims@remax.net

 www.LynSims.netLyn Sims

Lyn Sims works in the communities of Schaumburg, Hoffman Estates, Elk Grove Village, Medinah, Itasca, Roselle, Bloomingdale, Carol Stream, Bartlett, Hanover Park, Streamwood, Elgin, South Elgin and St. Charles.

 

   12/29/08 - Updated Drop Off List at this link

 

 

 
 

Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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0 commentsLyn Sims - Schaumburg Homes • February 26 2008 01:05PM

Common Closing Costs for Buyers - Lyn Sims (847)230-7324 RE/MAX Suburban

Lyn Sims RE/MAX Suburban

You'll likely be responsible for a variety of fees and expenses that you and the seller will have to pay at the time of closing. Your lender must provide a good-faith estimate of all settlement costs. The title company conducting the closing will tell you the required amount for:

  • Down payment
  • Loan origination
  • Points, or loan discount fees, which you pay to receive a lower interest rate
  • Appraisal
  • Credit report
  • Private mortgage insurance premium
  • Insurance escrow for homeowner's insurance, if being paid as part of your mortgage payment
  • Property tax escrow - Lenders keep funds for taxes and insurance in escrow accounts when they are paid with your mortgage. Then when your taxes/insurance come due, your lender pays the insurance or taxes for you. The normal is usually 3-4 months in escrow.
  • Deed recording
  • Title insurance policy premiums  
  • Notary fees
  • Document Prep Fees/FedX Shipping Fees 
  • Closing itself at the title company

 Lyn Sims, Schaumburg Homes

A Note About Prorations:  Because some costs are paid on either a monthly or yearly basis, you might have to pay a bill for services used by the sellers before they moved. "Proration" is a way for the sellers to pay you back or for you to pay them for bills they may have paid in advance.  For example, if your association fees are $100 per month, the seller paid fees up to the end of the month which is the 30th.  If you close on the 27th, you would owe the seller for 3 days of association fees which he has paid in advance. (30-27=3 OR $100 divided by 30 = $3.33 X 3 days = $9.99) The bill is "prorated" for the number of days in the month, and then each person would be responsible for the days of his or her ownership.

A FEW NOTES ABOUT CLOSING - You must bring a certified or cashiers check to closing payable to yourself (your name) and then endorse the check over to the title company. You must bring your drivers license as identification. You must also bring a paid one years homeowners insurance policy(if applicable) with you that will be given to the lender at closing.  THERE ARE NO EXCEPTIONS.

THESE COSTS ARE CUSTOMARY FOR THE STATE OF ILLINOIS.  Obviously if you are in another state, customary charges could be different.

LOOKING FOR A HOME IN THE NORTHWEST SUBURBAN CHICAGO MARKET IN ILLINOIS?

I am a seasoned veteran working the communities of Schaumburg, Hoffman Estates, Bartlett, Elk Grove Village, Medinah, Itasca, Carol Stream, Hanover Park, Streamwood, Elgin, South Elgin, Bloomingdale, St. Charles areas.

Lyn Sims,schaumburg homes,

 

LYN SIMS at RE/MAX Suburban (847)230-7324 OR Email her at LynSims@msn.com

Lyn Sims,schaumburg homes,

 

 

 
 

Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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0 commentsLyn Sims - Schaumburg Homes • February 20 2008 05:31PM

Schaumburg Homes for Sale - 5 Common First-Time Home Buyer Mistakes - Lyn Sims (847)230-7324 RE/MAX Suburban

Schaumburg Homes for Sale5 COMMON FIRST-TIME HOME BUYER MISTAKES that Lyn Sims at RE/MAX Suburban doesn't want her buyers to make!  Guiding her buyers with over 20 years experience, she can help you find the best home in the Northwest Suburban Chicago IL Market.

1.  They don't ask enough questions of their lender and end up missing out on the best deal.

Lyn's Comments - All lenders do not carry the same financing. Some do not handle FHA loans or loans with more flexible qualifying ratios that a first-time home buyer might need in order to get into that first home.  I can point you in the right direction so you get the best financing for you.  You MUST be prequalified for a loan BEFORE you begin your home search.

2.  They don't act quickly enough to make a decision and someone else buys the house.

Lyn's Comments- I'll help provide you with the information you need to make a confident decision.  Real Estate is local and each neighborhhood is unique.  I can show you which areas are on the upswing and which are not. 

3.  They don't find the right agent who's willing to help them through the homebuying process.

Lyn's Comments- Not all real estate agents are equal.  Not all real estate agents do this full-time.  Some of us have actually perfected their craft and know the in's and outs of each neighborhood you might be interested in.  I have been in the area for over 20 years and I understand the trends both past and present.  Did you know that a hiring a Realtor won't cost you a thing?  That's right nada - zip - zilch.  Why not take advantage of my expertise?

4.  They don't do enough to make their offer look appealing to a seller.

Lyn's Comments- The sellers main concern is whether you can complete the transaction with your financing!  He says - Show me the money!  That's why going and getting pre-approved is a must.  Low-balling a seller will do nothing for your negotiations but give you a black eye!  There's a misguided "Chicago" adage that says "let's start $20,000 under list to see what they will do".  Well, in my experience I can assure you it'll be nothing!

5.  They don't think about resale before they buy. The average first-time buyer only stays in a home for four years.

Lyn's Comments- I am able to show you the market trends going back as many years as you would like.  The MLS data available to me can tell you the average increases or decreases in a particular neighborhood.  I also have statistics giving you town to town appreciation increases over a period of years.  All this information and expertise can help you make a great buying decison.

Lyn Sims at RE/MAX Suburban can be reached at (847)230-7324  OR  you may email her at LynSims@remax.net with any questions you might have regarding home ownership.

Working the areas of Schaumburg, Hoffman Estates, Elk Grove Village, Medinah, Itasca, Roselle, Bloomingdale, Carol Stream, Hanover Park, Streamwood, Bartlett, Elgin, South Elgin, and St. Charles.

Lyn SimsLyn Sims

 

              Tips for First-Time Home Buyers

             Ten Steps to Prepare for Home Ownership

 

 
 

Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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1 commentLyn Sims - Schaumburg Homes • February 14 2008 04:20PM

Hoffman Estates IL Real Estate, Single Family Homes Available, Lyn Sims RE/MAX Suburban

 THIS IS THE TIME FOR BUYERS - GET READY TO POUNCE!  There is a large amount of inventory thruout the Chicago Northwest Suburban Market which includes the Hoffman Estates IL area.  SMART PEOPLE ARE BUYING REAL ESTATE NOW!  Sellers are hot to compete and make their home standout above their competition.  Sellers are flexible!  Lots of Inventory = Buyer Benefits!   SO WHY NOT GET IN THE GAME?  This is a great time to get your first home, move to a smaller home or get that larger home of your dreams!  To some buyers 100% financing is still available with a decent credit score and history!

Here is a chart of ACTIVE homes in Hoffman Estates with the MARKET TIMES posted as "Average Days on the Market". 

There are currently 210 homes in various styles and types available with the Average Market Time of 178 days.  The median price is $357,900 and the highest price is $729,900. 

Lyn Sims at RE/MAX Suburban (847)230-7324                                                 2/14/08
  
Active Listings for Hoffman Estates, IL
List Price Range# ListingsAvg. Days on Mkt
$200,000 - $249,99910135
$250,000 - $299,99953198
$300,000 - $349,99938153
$350,000 - $399,99935148
$400,000 - $449,99925182
$450,000 - $499,99924213
$500,000 - $549,99913180
$550,000 - $599,9996175
$600,000 - $699,9995276
$700,000 - $799,999110
  
Active Listings Summary
# UnitsAvg. MTMedian List PriceAvg. List PriceMax. List PriceMin. List PriceTotal Volume
210178$357,900$378,148$729,900$224,000
 

As you can see the average bracket of pricing for the Hoffman Estates Area is between $250,000 to $299,900.  To search for homes up-to-the-minute on the market in the Northwest Suburban IL area, please go directly to my MLS search website at www.LynSims.net. 

FIND OUT WHY HOFFMAN ESTATES IS A GREAT PLACE TO LIVE!

If you are looking to find or sell a home in the general Hoffman Estates/Schaumburg IL area, please feel free to contact Lyn Sims of RE/MAX Suburban at 847-230-7324 or 800-637-9345.  I can provide you with information on many of the areas communities.

Contact me, I'm ready to buy or sell a home!

Schaumburg Area homes,Schaumburg IL real estate

Lyn Sims RE/MAX Suburban 847-230-7324 or 800-637-9345 Outside IL.

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

   
 
 

Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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0 commentsLyn Sims - Schaumburg Homes • February 14 2008 02:06PM

Elk Grove IL real estate, Single Family Homes Available, Lyn Sims RE/MAX Suburban

 GET READY TO POUNCE!  There is a large amount of inventory thruout the Chicago Northwest Suburban Market which includes the Elk Grove Village IL area.  SMART PEOPLE ARE BUYING REAL ESTATE NOW!  Sellers are hot to compete and make their home standout above their competition.  Sellers are flexible!  Lots of Inventory = Buyer Benefits   SO WHY NOT GET IN THE GAME?  This is a great time to get your first home, move to a smaller home or get that larger home of your dreams!  To some buyers 100% financing is still available with a decent credit score and history!

Here is a chart of ACTIVE homes in Elk Grove with the MARKET TIMES posted as "Average Days on the Market". 

There are currently 124 homes in various styles and types available with the Average Market Time of 179 days.  The median price is $337,450 and the highest price is $874,000. 

Lyn Sims RE/MAX Suburban (847)230-7324                                                  2/14/08  
  
Active Listings in Elk Grove Village, IL
List Price Range # Listings Avg. Days on Mkt
$200,000 - $249,999 1 212
$250,000 - $299,999 36 210
$300,000 - $349,999 42 154
$350,000 - $399,999 24 150
$400,000 - $449,999 6 141
$450,000 - $499,999 4 134
$500,000 - $549,999 3 209
$550,000 - $599,999 3 473
$600,000 - $699,999 2 142
$700,000 - $799,999 2 273
$800,000 - $899,999 1 44
  
Active Listings Summary
# Units Avg. MT Median List Price Avg. List Price Max. List Price Min. List Price Total Volume
124 179 $337,450 $361,816 $874,000 $244,900
 

As you can see the average bracket of pricing for the Elk Grove Area is between $300,000 to $349,900.  To search for homes up-to-the-minute on the market in Elk Grove Village, please go directly to my MLS search website at www.LynSims.net. 

If you are looking to find or sell a home in the general Northwest Suburban IL area, please feel free to contact Lyn Sims of RE/MAX Suburban at 847-230-7324 or 800-637-9345.  I can provide you with information on many of the areas communities.

Contact me, I'm ready to buy or sell a home!

Schaumburg Area homes,Schaumburg IL real estate

Lyn Sims RE/MAX Suburban 847-230-7324 or 800-637-9345 Outside IL.

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

   

 
 

Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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0 commentsLyn Sims - Schaumburg Homes • February 14 2008 01:54PM

Schaumburg IL real estate, Single Family Homes Available, Lyn Sims RE/MAX Suburban

Schaumburg IL real estateThere is a large amount of inventory thruout the Chicago Northwest Suburban Market which includes the Schaumburg IL area.  SMART PEOPLE ARE BUYING REAL ESTATE NOW!  Sellers are hot to compete and make their home standout above their competition.  Sellers are flexible!  Lots of Inventory = Buyer Benefits  SO WHY NOT GET IN THE GAME?  This is a great time to get your first home, move to a smaller home or get that larger home of your dreams!  To some buyers 100% financing is still available with a decent credit score and history!

Here is a chart of ACTIVE homes in Schaumburg with the MARKET TIMES posted as "Average Days on the Market". 

There are currently 191 homes in various styles and types available with the Average Market Time of 179 days.  The median price is $369,900 and the highest price is a whopping $2,495,000. 

Reasons to buy in Schaumburg - Why it's such a popular community!

Lyn Sims RE/MAX Suburban (847)230-7324  
  
Active Listings in Schaumburg IL
List Price Range # Listings Avg. Days on Mkt
$200,000 - $249,999 6 102
$250,000 - $299,999 33 208
$300,000 - $349,999 45 214
$350,000 - $399,999 29 130
$400,000 - $449,999 25 193
$450,000 - $499,999 9 230
$500,000 - $549,999 7 113
$550,000 - $599,999 2 182
$600,000 - $699,999 15 163
$700,000 - $799,999 10 153
$800,000 - $899,999 3 101
$900,000 - $999,999 4 178
$1,000,000 - $1,999,999 2 163
$2,000,000 - $2,999,999 1 3
  
Active Listings Summary
# Units Avg. MT Median List Price Avg. List Price Max. List Price Min. List Price Total Volume
191 179 $369,900 $447,179 $2,495,000 $229,000

As you can see the average bracket of pricing for the Schaumburg Area is between $300,000 to $349,900.  To search for homes up-to-the-minute on the market in the Schaumburg IL area, please go directly to my MLS search website at www.LynSims.net. 

If you are looking to find or sell a home in the general Schaumburg IL area, please feel free to contact Lyn Sims of RE/MAX Suburban at 847-230-7324 or 800-637-9345.  I can provide you with information on many of the areas communities.

Contact me, I'm ready to buy or sell a home!

Schaumburg Area homes,Schaumburg IL real estate

Lyn Sims RE/MAX Suburban 847-230-7324 or 800-637-9345 Outside IL.

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

 

 
 

Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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1 commentLyn Sims - Schaumburg Homes • February 12 2008 02:49PM

Northwest Chicago Suburbs Elk Grove Village IL, Multi-Family Homes, Townhomes, Manor Homes February 2008

Hoffman Estates IL homesThere is a large amount of inventory thruout the Chicago Northwest Suburban Market which includes the Elk Grove Village area.  SMART PEOPLE ARE BUYING REAL ESTATE NOW!  Sellers are hot to compete and make their home standout above their competition.  SO WHY NOT GET IN THE GAME?  This is a great time to get your first home, move to a smaller home or get that larger home of your dreams!  Prices have held from 4 to 5% of listing price over the last few months of 2007.  To some buyers 100% financing is still available with a decent credit score and history!

Here is a chart of ACTIVE Multi-family Homes in Elk Gove with the MARKET TIMES posted as "Average Days on the Market".   Multi-family homes consists of "condos, quads, manor homes, coach homes, townhomes".

There are currently 181 homes in various styles and types available with the Average Market Time of 218 days.  The median price is $164,800 and the highest price is $345,000

LYN SIMS  RE/MAX Subrban                                                                    2/11/08
  
Active Listings for Elk Grove Village IL
List Price Range# ListingsAvg. Days on Mkt
Less than $149,99978298
$150,000 - $199,99945197
$200,000 - $249,99926143
$250,000 - $299,99928105
$300,000 - $349,9994177
  
Active Listings Summary
# UnitsAvg. MTMedian List PriceAvg. List PriceMax. List PriceMin. List PriceTotal Volume
181218$164,800$179,084$345,000$102,900

As you can see the average pricing for the area is between $150,000 to $200,000 which makes Elk Grove a great affordable area.  To search for homes currently available in the Elk Grove Village IL area, please go directly to my MLS website at www.LynSims.net. 

If you are looking to find or sell a home in the Elk Grove Village IL area, please feel free to contact Lyn Sims of RE/MAX Suburban at 847-230-7324 or 800-637-9345.  I can provide you with information on many of the areas communities.

Contact me, I'm ready to buy or sell a home!

Schaumburg Area homes,Schaumburg IL real estate

Lyn Sims RE/MAX Suburban 847-230-7324 or 800-637-9345 Outside IL.

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

   
 
 

Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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0 commentsLyn Sims - Schaumburg Homes • February 11 2008 05:05PM

Northwest Chicago Suburbs Hoffman Estates IL, Multi-family Homes, Townhomes, Manor Homes, February 2008

Hoffman Estates IL homesThere is a large amount of inventory thruout the Chicago Northwest Suburban Market which includes the Schaumburg IL area.  SMART PEOPLE ARE BUYING REAL ESTATE NOW!  Sellers are hot to compete and make their home standout above their competition.  SO WHY NOT GET IN THE GAME?  This is a great time to get your first home, move to a smaller home or get that larger home of your dreams!  Prices have held from 4 to 5% of listing price over the last few months of 2007.  To some buyers 100% financing is still available with a decent credit score and history!

Here is a chart of ACTIVE Multi-family Homes in Hoffman Estates with the MARKET TIMES posted as "Average Days on the Market".   Multi-family homes consists of "condos, quads, manor homes, coach homes, townhomes".

There are currently 160 homes in various styles and types available with the Average Market Time of 168 days.  The median price is $163,400 and the highest price is $385,000

Lyn Sims RE/MAX Suburban         Status: Active        Property Type: Attached Single  
  
Active Listings for Hoffman Estates, IL
List Price Range# ListingsAvg. Days on Mkt
Less than $149,99965175
$150,000 - $199,99944150
$200,000 - $249,99916165
$250,000 - $299,99918145
$300,000 - $349,99915179
$350,000 - $399,9992445
  
Active Listings Summary
# UnitsAvg. MTMedian List PriceAvg. List PriceMax. List PriceMin. List PriceTotal Volume
160168$163,400$187,418$385,000$82,000

As you can see the average pricing for the area is between $150,000 to $200,000 which makes Hoffman Estates a great affordable area.  To search for homes currently available in the Hoffman Estates IL area, please go directly to my MLS website at www.LynSims.net. 

If you are looking to find or sell a home in the Hoffman Estates IL area, please feel free to contact Lyn Sims of RE/MAX Suburban at 847-230-7324 or 800-637-9345.  I can provide you with information on many of the areas communities.

Contact me, I'm ready to buy or sell a home!

Schaumburg Area homes,Schaumburg IL real estate

Lyn Sims RE/MAX Suburban 847-230-7324 or 800-637-9345 Outside IL.

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

 
 
 

Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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0 commentsLyn Sims - Schaumburg Homes • February 11 2008 04:25PM

Northwest Chicago Suburbs Schaumburg IL, Multi-family Homes, Townhomes, Manor Homes, February 2008

Schaumburg IL real estateThere is a large amount of inventory thruout the Chicago Northwest Suburban Market which includes the Schaumburg IL area.  SMART PEOPLE ARE BUYING REAL ESTATE NOW!  Sellers are hot to compete and make their home standout above their competition.  SO WHY NOT GET IN THE GAME?  This is a great time to get your first home, move to a smaller home or get that larger home of your dreams!  Prices have held from 4 to 5% of listing price over the last few months of 2007.  To some buyers 100% financing is still available with a decent credit score and history!

Here is a chart of ACTIVE Multi-family Homes in Schaumburg with the MARKET TIMES posted as "Average Days on the Market".   Multi-family homes consists of "condos, quads, manor homes, coach homes, townhomes".

There are currently 342 homes in various styles and types available with the Average Market Time of 134 days.  The median price is $208,700 and the highest price is a whopping $674,900. 

WHY IS SCHAUMBURG SUCH A POPULAR AREA? 

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

  
Active Listings for sale in Schaumburg IL                                                                        2/11/08
List Price Range# ListingsAvg. Days on Mkt
Less than $149,99943149
$150,000 - $199,999107144
$200,000 - $249,999123123
$250,000 - $299,99922139
$300,000 - $349,99915225
$350,000 - $399,9991175
$400,000 - $449,9998101
$450,000 - $499,999334
$500,000 - $549,999478
$550,000 - $599,999497
$600,000 - $699,999238
  
Active Listings Summary
# UnitsAvg. MTMedian List PriceAvg. List PriceMax. List PriceMin. List PriceTotal Volume
342134$208,700$228,021$674,900$94,900

As you can see the average bracket of pricing for the area is between $150,000 to $249,900 which makes Schaumburg a great affordable area.  To search for homes currently available in the Schaumburg IL area, please go directly to my MLS website at www.LynSims.net. 

If you are looking to find or sell a home in the Schaumburg IL area, please feel free to contact Lyn Sims of RE/MAX Suburban at 847-230-7324 or 800-637-9345.  I can provide you with information on many of the areas communities.

Contact me, I'm ready to buy or sell a home!

Schaumburg Area homes,Schaumburg IL real estate

Lyn Sims RE/MAX Suburban 847-230-7324 or 800-637-9345 Outside IL.

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

 
 

Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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0 commentsLyn Sims - Schaumburg Homes • February 11 2008 03:56PM

Seven Reasons to Own your Own Home, Lyn Sims RE/MAX Suburban, Schaumburg Area Homes

SEVEN REASONS TO OWN YOUR OWN HOMEHomes for sale Schaumburg

1. Tax breaks.   The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, as well as some of the costs involved in buying your home.

2. Appreciation.   Real estate has long-term, stable growth in value. While year-to-year fluctuations are normal, median existing-home sale prices have increased on average 6.5 percent each year from 1972 through 2005, and increased 88.5 percent over the last 10 years, according to the National Association of Realtors®. In addition, the number of U.S. households is expected to rise 15 percent over the next decade, creating continued high demand for housing.

3. Equity.   Money paid for rent is money that you'll never see again, but mortgage payments let you build equity ownership interest in your home.

4. Savings.   Building equity in your home is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax.

5. Predictability.   Unlike rent, your fixed-mortgage payments don't rise over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs will increase.

6. Freedom.   The home is yours. You can decorate any way you want and benefit from your investment for as long as you own the home.

7. Stability.   Remaining in one neighborhood for several years gives you a chance to participate in community activities, lets you and your family establish lasting friendships, and offers your children the benefit of educational continuity.

ANOTHER ONE OF THE BEST REASONS TO OWN A HOME IS "PRIDE OF OWNERSHIP" THAT EVERY HOMEOWNER EXPERIENCES! 


SEE FOR YOURSELF AND GO TO THE  "RENT VS. OWN"   CALCULATOR TO SEE IF OWNING A HOME IS RIGHT FOR YOU.

SEE  "HOW AN AGENT CAN HELP YOU"  FIND THAT PERFECT HOME.

These are just a few ways that a quality real estate agent, like myself Lyn Sims, can help you in your search towards buying a home.  More information for buyers, sellers, and the complete process 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 (847)230-7324 or EMAIL ME at Lyn Sims (847)230-7324LynSims@remax.net with any questions you may have.

Looking forward to working with you!

 

LYN SIMS  RE/MAX Suburban  (847)230-7324

Serving the Schaumburg Area communities of Hoffman Estates, Roselle, Elk Grove Village, Medinah, Hanover Park, Palatine, Streamwood, Carol Stream, Bloomingdale, Bartlett, Elgin, South Elgin.

 

 
 

Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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3 commentsLyn Sims - Schaumburg Homes • February 07 2008 03:51PM

Park Once, Ride and Shop all Day! Woodfield Area Report

 

Schaumburg's unique trolley service adds convenience, fun and flexibility to your shopping trip at the Woodfield Area!  The trolley is a FREE service that takes you door to door between all of Woodfield's major shopping, entertainment and dining attractions.

Service is expanded during the Thanksgiving/Christmas Holiday shopping period and operates approximately every 15 minutes in accordance with Woodfield Mall operating hours.  I have attached the link for you to get more on Trolley Information.

Lunchtime Shoppers Shuttle- a service specifically designed to meet the needs of people working at the Woodfield Area office buildings along Woodfield, Golf and Martingale Roads.  Buses generally run every 10-15 minutes between 11 am and 2 pm.  Stops include Woodfield Preserve, Windy Point, Zurich Towers and Schaumburg Corporate Center.  Fares are .25 (twenty-five cents) each way. 

If you are thinking of buying or selling a home in the Schaumburg Area, please call Lyn Sims at Re/Max Suburban with 24 years experience and a wealth of information on the area.  847-230-7324 or 800-637-9345 Outside IL

Lyn Sims (847)230-7324

 

 Lyn Sims,Schaumburg Area Homes,Schaumburg IL real estate

 

 

 

Lyn Sims (847)230-7324

 
 

Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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1 commentLyn Sims - Schaumburg Homes • February 04 2008 01:12PM