RealEstateConsumerInfo.com

Schaumburg IL Real Estate - 10 REASONS NOT TO STAGE YOUR HOME

Tue, 07 Feb 2012 14:14:57 -0500

Are you a seller that just LOVES people traipsing through your home? Looking forward to at least a 6 month market time minimum? I'm always trying to bring my readership great advice and trends. Even though staging is not a trend - some people still aren't convinced of it's advantages.

Great staging advice on what 'not to do' when selling your home & why getting staging advice could be a real benefit for you. Thanks to Janet Jones in Hawaii.

Via Janet Jones, Kihei, Maui, Hawaii Home Staging/Interior Redesign (Just Your Style Interiors, LLC):

1. We want to test the market for 90 days. And on the 91st day? Price reduction--and 90 days worth of potential buyers who have already eliminated your property.

2. It costs too much money. I have never seen a home where the staging costs would have exceeded the first price reduction. And that doesn't even factor in the monthly carrying cost of the home.

3. We can't stage the house, we're living in it. One common misconception is that staging is only for vacant homes. Every home/condo can be staged, and you can actually live in it after staging.

4. We didn't have to stage any of the other properties we sold over the years. Yes, once upon a time you could generate three offers by 5 p.m. on the same day your Realtor put the For Sale sign in your yard. Not now. Buyers are picky and they have a lot of homes to choose from.

5. Everyone loves our house so buyers will love it, too. What you, your friends and relatives love about your house may not be what today's buyer wants. Sellers are often baffled by the feedback they get after showings--amazed that buyers have found things they don't like about the property.

6. We can clean the carpets and declutter without someone telling us how. Yes, you can (and should) do this, but it is a tiny piece of staging. Do you know what separates "clutter" from "asset"? And what about all the other things that staging encompasses, like traffic flows, highlighting architectural features, updating, and appealing to your target market?

7. We have no desire to remove/change our _______________ (wallpaper/mirrored tile/gold faucets/paneling/dated light fixtures . . .). And neither do buyers. Better to keep your home or be ready to sell at a deep discount.

8. The view alone will sell this place. Then why many months later are these great view homes/condos still on the market? Could it be that buyers want something to go with the view--like a comfortable, move-in ready home?

9. We would rather let the buyers makes their own paint/flooring choices. And that equals a price reduction. If buyers do make an offer on your home they will double or triple the cost of these items and reflect that in their discounted offer price--which includes a deduction for the inconvenience.

10. Our home is professionally decorated. A professionally decorated home is tailored to the owner's particular needs. Does it work for the new buyer's needs? You could see #1 above . . . .

These are all great reasons--

for price reductions

for extended time on the market

for buyers not coming to look at your home

for buyers not coming back for a second look

There are dozens of reasons not to stage, but only one good reason to stage--getting your home sold faster for the highest possible price. Staging is preparing your home for sale and creating a home that buyers want to buy. If you want to be in the best competitive position in this market today, consult with a professional home stager before listing your property for sale.

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

Trouble is Brewing! Associations and their FHA Approval

Mon, 06 Feb 2012 13:35:17 -0500

Townhome and condo subdivisions all over the Schaumburg area hire management companies to help them sort out the variety of problems with managing a substantial subdivision. Foreclosures are also a recent addition with lack of payment by owners and by the banks themselves once they own the homes.

I can't remember when it was ever a tougher financial burden than it is now. Homeowners that join the board to volunteer their services on behalf of others, now have to know finances, budgets, legal proceedings, and construction. Many associations do have a legal team on board to help them make these decisions and stay within the law. Many are smaller and feel that the need is just too costly for legal advice during general monthly meetings.

All of these scenarios are correct and within the law for IL subdivisions. But my concern is, when does it become negligence when the management company or attorney DOES NOT advise the board correctly or worse yet not at all? 'Not knowing' can also cause great financial harm.

Case in point with management companies not telling the homeowner board members that their FHA approval and certification has expired last year. It seems that management companies are not aware that FHA approval is no longer for 10 year intervals as in times past. New guidelines are in place with stricter banking regulations affecting mortgages. All FHA approved subdivisions must re-apply and re-certify themselves with added financial paperwork so buyers can benefit by using FHA loans.

Where is that line with negligence?

Isn't it negligent for the management companies NOT TO suggest and bring up that renewal is eminent? This has recently happened in a few subdivisions here in the Schaumburg area. The management companies thought that 'it was no big deal' and didn't offer any suggestions. If it wasn't within their 'scope of knowledge' then who helps the board directors with this decision? If there is an expiration date on the FHA certificate and no one brings up the motion to renew the certification and the date passes, who's fault is it or where does the responsibility lie?

I see it clearly as the management company's role and this vital certification should be handled like any other important business renewal regarding insurance and repairs. I am suggesting that board members (and homeowners) are going to quickly get a whiff of this negligence and management companies across the country better watch out for the backlash.

I smell a law suit on the horizon.

What percentage of Schaumburg Homes are foreclosures?
Schaumburg's Top Selling Subdivisions
High End Foreclosures in the Chicagoland Area for 2011
Schaumburg Homes - Why pricing is more important than ever!
Short Sale Reform, Foreclosures and the naked guy
Staging is not Fraud!
Schaumburg - Average Home Prices over the last 10 years
Schaumburg - What type of financing did buyers use?
Northwest Suburban Real Estate Update - December 2011
Surviving the American Dream: The argument for 'Walking Away'
Schaumburg Homes - Is it better to rent or buy?
Foreclosure Surplus?

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

Hoffman Estates IL Homes - The Mistake Many Sellers Make Relisting In The Spring

Fri, 03 Feb 2012 17:36:53 -0500

It's that time of the year again for the 'SPRING MARKET'. Sellers always seem more optimistic about listing their homes at this time of the year but will it really make a difference? What are the chances of their home selling?

It's not only the time of the year that makes a home sell or not sell as this post suggests. Trying the same thing over & over again hoping for a different result is just 'real estate madness'.

Maybe it was you - not the market?

Thanks to Sharon Tara for this great post. I have featured her many times with her wonderful staging suggestions.

Via Sharon Tara New Hampshire Home Stager (Sharon Tara Transformations):

Warning! The Mistake Many Sellers Make Relisting In The Spring

Are you one of the many sellers who took their house off the market last winter, intending to relist in the spring? If so, it's almost time....and you could be making a very costly mistake. Do you know what the problem was when you first listed so you can avoid repeating it?

Many sellers take their house off the market blaming the time of year, the economy, or the agent...when the real problem is the condition of their house. It's important you learn from your experience and, this time around make some changes in your approach to selling.

Sellers who expect better results by simply changing seasons and/or hiring a new agent usually end up disappointed.

"Insanity is doing the same thing over and over again and expecting different results"

Albert Einstein

If you want different results this time around, you need a different approach. Increase the perceived value and set your house apart from the competition.

Make condition and presentation your priority.

When choosing an agent, check out the MLS photos of their current listings.

Consult with a Professional Home Stager for advice on the most cost effective improvements.

Prepack as much as possible.

Clean, paint, and update.

Organize kitchen cabinets and all closets.

If you don't choose to improve the condition, then you will have no choice but to lower the price.

That's insanity!

______________________________________________________________________________



For More Information Visit My Website

Professional Home Staging services for the New Hampshire Seacoast

Portsmouth   Rye   Greenland   Hampton   North Hampton   Exeter   Dover   Stratham

603.661.8524

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

Schaumburg Homes - Ten things to REMOVE before you start showing your home for sale!

Fri, 03 Feb 2012 17:27:33 -0500

Boy, I just can't say some of these suggestions enough when it comes to staging your Schaumburg home for sale.

I'm going to keep at it until everyone gets the message on preparing their home for the market! YES, it's that important.

Thanks to Lindsey Hasford of Minnesota for this post.

Via Lindsey Hasford (Coldwell Banker Vision):

Everyone has heard rumors of de-cluttering when it's time to sell your home. But, what does that really mean? Before going hog wild and moving out... here's a few of the most important things to consider removing before you list your home for sale.

10. Personal photos. I don't always recommend removing photos of the 'family' but if you have hallways filled with photos or photos on every end table it is probably necessary. Buyers really DO get distracted by them. They will take them all in as they walk down the hall. Not only do they take away from the home, but it's really disturbing when a buyer is excited to 'know' the sellers. And, the buyers do look at them.

9. Bills and personal papers. I understand that you cannot remove these document from the home all together, but please take the time to organize them, box them up and put them out of sight. If you have bills laying out on the counter or kitchen table it's like an invitation for the buyers to 'peek' at them. Believe me - I discourage it - but it still happens. And as a seller you just don't want to leave the temptation behind.

8. Money. I would love to say that every buyer (and Realtor) going through every home is honest, but I really don't want to test those waters. If you have cash, cash boxes or coin jars sitting out in the open... put them away. It's just better for everyone if it's out of sight. As Realtors we do what we can to protect your home, but your help makes a difference!

7. Valuables. Jewelry, watches, valuable antiques.... anything that might be worth a bit of money that you wouldn't want to lose. Out of sight, out of mind. If buyers don't know they are there they won't think about it. I can't tell you how many homes I've been in where the jewelry is left on the dresser.... somehow it's uncomfortable. At least put it away.

6. Guns and ammo. I don't care if they are in a case or out laying around or under a bed. It's better if you just plain old remove them from the home prior to listing. For some reason they make buyers (in my experience) feel really insecure.

5. Shoes! If you have a pile of shoes at the door... ask yourself why. A pile of shoes gives a buyer two impressions. The first? That there isn't enough storage in your home. 2. That there are too many people living in the home. So, in order to avoid wondering on the part of the buyer... just put them away.

4. Medicine. Take it out. Don't store it on the counter. Don't store it in the cabinet. Don't store it in the bathroom. Remove it. There have been many complaints over the years of potential buyers 'stealing' the medicine out of the cabinets. I have never had it happen on my time clock, but to avoid any trouble it's best to simply remove it.

3. All things on your kitchen counter. Everything? Really? Yup. The cleaner you can leave the counter, the more buyers dream of being in there. Have you ever been in a cluttered kitchen? Does it feel inviting? How about a cleaned up kitchen? Does it make you wanna spend time there? Also, if you store things on the counter it gives the appearance that you do not have enough storage space.

2. No more junk drawers. Seriously. Clean 'em out. There is nothing more tacky than a potential buyer opening the cupboards and drawers and having things sticking out everywhere. Box up all the notes, pens, tacks, and odds and ends and put them away. Chances are you don't dig in the drawer often anyways.

1. Nothing but magnets.... and maybe not even that. Take a photo of your fridge, take everything off, wash the front (and side), and take another photo. It is really refreshing to walk into a home that has a clean fridge. The kids pictures are beautiful (believe me... my fridge is covered in them) but buyer's can't imagine their own children's drawing on there if it is covered with yours. And, the magnets... If they aren't decorative (and even then) they are generally more of a distraction to the room than a help. Consider it.

There are many more ways to declutter a home for sale... but these are some important things to consider. For more information on selling your home in Minnesota... give me a call.

_________________________________________________________________________________________

                 In the meantime... if you are looking to move into the area... I'll wait for you to call!

Selling Real Estate in Minnesota!

If you are looking for professional real estate services I am only a ring away! I am looking forward to working with you. And, please feel free to share my name with anyone that you know who needs assistance buying or selling a home ~ I love referrals!

                                                   Lindsey Hasford, REALTOR
                                                        Coldwell Banker Vision
                                             231 Main Street - Elk River - MN 55330
                                          763-241-5488 (office) 763-218-1347 (cell)
                                         lindseyhasford@coldwellbankervision.com
                                                  http://www.hasfordhomes.com

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

Schaumburg Township Assessor - Tax Appeal Seminar

Fri, 03 Feb 2012 12:45:42 -0500

Tax Appeal Seminar is scheduled

The Schaumburg Township Assessor recently announced that the Cook County Board of Review will accept appeals from January 24, 2012 – February 22, 2012. Appeals may be done at the Schaumburg Township Assessors office during normal business hours, Monday through Friday 8:30am – 5pm or on line at www.cookcountyboardofreview.com. The Assessor encourages all taxpayers to appeal if they think their property assessment is too high.

The seminar will be held on February 13, 2012 at 6:30pm at Schaumburg High School, 1100 W. Schaumburg Road, Schaumburg, IL 60194.

The hour-long session includes a presentation by Commissioner Patlak that explains how property taxes are calculated and the appeal procedure of the Board of Review. The event will end with a question and answer session followed by an opportunity for taxpayers to work with analysts from Commissioner Patlak’s staff to address their concerns and to receive assistance filing an appeal. Taxpayers are asked to bring a copy of their most recent tax bill.

What percentage of Schaumburg Homes are foreclosures?
Schaumburg's Top Selling Subdivisions
High End Foreclosures in the Chicagoland Area for 2011
Schaumburg Homes - Why pricing is more important than ever!
Short Sale Reform, Foreclosures and the naked guy
Staging is not Fraud!
Schaumburg - Average Home Prices over the last 10 years
Schaumburg - What type of financing did buyers use?
Northwest Suburban Real Estate Update - December 2011
Surviving the American Dream: The argument for 'Walking Away'
Schaumburg Homes - Is it better to rent or buy?
Foreclosure Surplus?

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

Schaumburg Homes - What percentage of homes are foreclosures?

Wed, 01 Feb 2012 14:05:30 -0500

What percentage of Schaumburg Homes are foreclosures?

When we look at foreclosure numbers that perhaps we have heard or seen on the news, often times they are for trends that are national in scope. We always have to sharpen our focus and whittle down those statistics to the state level, then by metro area, then finally by the town itself. Don't pay attention to the media which is great for over dramatizing news especially when it comes to the housing market and foreclosures. Granted, there are some very hard hit areas of the country and we are fortunate here not to be one of those areas which I hope you realize. Real estate is local in nature so let's take a look at what is happening in Schaumburg:

Let's look at the total of Schaumburg Homes sold (249) and then what percentage of those closed were foreclosures. Our MLS has us report each foreclosure, short sale and court sale just for these purposes and these are accurate numbers from 2011.

The lowest foreclosure price was $100,000 and the highest was $441,000. Foreclosures were 14% of Schaumburg Homes that have closed. In an earlier report for the 1st quarter of 2011, they were at 20%. Townhome and condo sales were not done at that time but I have included them in this report.

Town of Schaumburg Total Sales for
2011 % of
those Sales Home Sales 246 14% Townhome/Condo
Sales 403 22%

So there are the results for our Schaumburg area. Hope that makes you feel better and if you are thinking of selling your home in the near future, please don't hesitate in giving me a call.

Search Schaumburg Homes
Search Schaumburg Townhomes or Condos

High End Foreclosures in the Chicagoland Area for 2011
Schaumburg Homes - Why pricing is more important than ever!
Short Sale Reform, Foreclosures and the naked guy
Staging is not Fraud!
Schaumburg - Average Home Prices over the last 10 years
Schaumburg - What type of financing did buyers use?
Northwest Suburban Real Estate Update - December 2011
Surviving the American Dream: The argument for 'Walking Away'
Schaumburg Homes - Is it better to rent or buy?
Foreclosure Surplus?

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

Preparing your Schaumburg Home for Sale - 6 worth the price fix ups!

Sat, 28 Jan 2012 13:35:08 -0500

6 Worth-the-Price Fix-Ups

Simple and affordable do-it-yourself projects can greatly increase a home's resale value, according to HomeGain's annual home improvement and staging survey done in April 2011.

The company surveyed nearly 600 real estate professionals to discover which DIY home improvement projects give sellers the biggest return for their buck. Here are six projects under $1,000 (amounts are estimated) that made the list.

1. Cleaning and decluttering. Remove any personal items, unclutter countertops, organize closets and shelves, and make the home sparkling clean. ◦ $290 Cost ◦ $1,990 Return

2. Brightening. Clean all windows inside and out, replace old curtains, update lighting fixtures, and remove anything that blocks light from the windows. ◦ $375 Cost ◦ $1,550 Return

3. Smart staging. Rearrange furniture, bring in new accessories and furnishings to enhance rooms, incorporate artwork, and play soft music in the background. ◦ $550 Cost ◦ $2,194 Return

4. Landscaping enhancements. Punch up the home’s curb appeal in the front and back yards by adding bark mulch, bushes, and flowers and ensuring current plants and grass are well-cared for and manicured. ◦ $540 Cost ◦ $1,932 return

5. Repairing electrical or plumbing. Fix leaks under the sinks, remove any mildew stains, and ensure all plumbing is in good working condition. Update the home’s electrical with new wiring for modern appliances, fix any lights or outlets that don’t work, and replace old plug points with new safety fixtures. ◦ $535 Cost ◦ $1,505 Return

6. Replacing or shampooing dirty carpets. Steam-clean carpets, replace any worn carpets, and repair any floor creaks. ◦ $647 Cost ◦ $1,739 Return

Excerpted from HomeGain’s 2011 Home Sale Maximizer Survey: www.homesalemaximizer.com.

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

Waiting to See How it Goes Before You Stage Your Home for Sale? Here are 6 Reasons Why You Shouldn't!

Fri, 27 Jan 2012 14:41:52 -0500

The time to prepare you home for going on the market IS NOT after it is listed. Here's a good post on the reasons why after you list your home & things are not going well is a big mistake!

You should try for the biggest & best impact that your home can make! You should put your best foot forward in this market with all the added inventory and competition. Many people just don't care & it's shows. Make your home stand out with buyers.

Thanks to Kathy Streib in Florida for this well thought out advice.

Via Kathy Streib-Home Stager-Palm Bch County South Florida - 561-914-6224 (Room Service Home Staging):

Home Staging Tips in Palm Beach County- Waiting to See How It Goes Before You Stage?   Here Are 6 Reasons Why You Shouldn’t.

I run into this all of the time when I speak with Realtors... they have your home listed and are doing everything they can to get it sold for you. They’ve done their research and have suggested the best List Price for your home based on the market, your competition, location and condition of your home.

There are items regarding condition that your Realtor feels need to be addressed to give your home the best chance of selling but you’d rather wait a month to see what happens.

What are you waiting for? Now is NOT the time to Wait and See........

6 Reasons Why You Shouldn’t Wait to Stage:

1. A Newly Listed Home is like a loaf of fresh bread... it begins to get stale the longer it sits there.

2. What you invest in staging and preparation will be far less than that first price reduction you’re asked to give.

3. The “What’s wrong with it?” cloud begins to form over your house.

4. The longer it sits, the longer you “get” to make sure your home is “Show Ready” every day!

5. Every day your house sits on the market it’s costing you money... your mortgage, utilities, insurance..... and preventing you from moving on.

6. Your first and best chance at getting a showing appointment is via your MLS listing and the photos that accompany it.    Studies have shown that 90+% of Buyers begin their search on the Internet.   Are you willing to rule out such a huge portion of Buyers because of your MLS photos?

So tell me again... why are you waiting to Stage your house?

Check out my about.me profile!

Room Service! Home Staging
Palm Beach County Home Stager

561-914-6224   Kathy@MrsHomeStaging.com
www.MrsHomeStaging.com

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

High End Foreclosures in the Chicagoland Area for 2011

Fri, 27 Jan 2012 14:29:37 -0500

High End Foreclosures in the Chicagoland Area for 2011

You'd have to admit that 2011 has been another unusual year for all of us in real estate. I've recently stumbled upon some interesting foreclosures in our area. Obviously, not your average foreclosures as you'll see.

Bannockburn $2,000,000

French Manor, 5BR's, 7.5BA's, 6 Fireplaces, 4 Car Garage. Built in 2008 on 3.5 Acres with 6624 square feet plus 3400 square feet basement. Don't forget the theater, exercise room and taxes of $44,100 per year.

Barrington Hills $800,000 (the steal award!)

3 Stories, 6BR's, 10.5BA's, 6 Fireplaces, 12 Car Garage, Porte-cochére. Built in 2007'ish on 5 acres with 15,000 square feet. Family room is 54x32, tennis court, indoor & outdoor pools, 3 ponds, putting green, ballroom, in-law suite.

I just want to add that with this sized property don't you think you could bring a decent camera?

Naperville $1,949,276

2 Story Stone & Stucco, 6BR's, 7.5BA's, 7 Fireplaces, 4 Car Garage, Porte-cochére. Built in 2007 on .47 Acres with 8347 square feet. In-law suite, theatre, wine cellar, river location.

Burr Ridge $1,600,000

2 Story, 5BR's, 5.5BA's, 6 Fireplaces, 3 Car Garage. Built in 2003 offering 5859 square feet. Theatre, exercise room, wine cellar, paver drive & gated entry here. Taxes are $35,200 here.

North Barrington $1,125,000

2 Story, 5BR's, 6.3BA's, 6 Fireplaces, 4 Car Garage. Built in 2005 with 7020 square feet, pool overlooking Wynstone Golf Course, library, theatre, elevator. Taxes are $32,800 for this beauty.

My territory is in the Northwest Suburban market near Schaumburg. If you are looking to purchase or sell your home, please don't hesitate in giving me a call.

Source: MLSNI 2011 for informational and entertainment purposes only.

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

Schaumburg's Top Selling Subdivisions for 2011

Tue, 24 Jan 2012 13:32:44 -0500

Schaumburg's Top Selling Subdivisions for 2011

Looking for a Schaumburg Home? Glad you're here and I'd like to present to you the most popular selling subdivisions in Schaumburg. Each area has it's own features and benefits, styles, location attributes. Find a great Schaumburg location that will fit your requirements!

Weathersfield - built in 1962 to 1978 and is one of Schaumburg's 'original' subdivisions. Mainly began with ranches but then multiplied it's styles to split levels, raised ranches, mid-levels and finally a 2-story colonial. Can either have a 1 car or 2 car garage depending on the lot sizes. Basements are rare here.

Weathersfield Homes

Sheffield Park - originally built in 1971 thru 1975 by Levitt Builders the original pioneers of the modern day subdivision. A larger variety of models than Weathersfield including split levels, raised ranches and 2-storied homes. Basements are rare in the area but were made available. 1 or 2 car garages depending on the model and lot sizes.

Sheffield Park Homes

Lancer Park - on the eastern portion of Schaumburg offering solid brick construction, concrete drives. Small floorplan selection offering more ranches and more often basements were opted for here. Detached garages also abound in this neighborhood.

Lancer Park Homes

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!

If you're a seller interested in selling your Schaumburg Home, please 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 veteran!

Schaumburg Homes - Why pricing is more important than ever!
Short Sale Reform, Foreclosures and the naked guy
Staging is not Fraud!
Schaumburg - Average Home Prices over the last 10 years
Schaumburg - What type of financing did buyers use?
Northwest Suburban Real Estate Update - December 2011
Surviving the American Dream: The argument for 'Walking Away'
Schaumburg Homes - Is it better to rent or buy?
Foreclosure Surplus?

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

Schaumburg Homes - Pricing is more important than ever!

Fri, 20 Jan 2012 12:54:43 -0500

Currently in the Schaumburg market with our elevated inventory you have to be ‘spot on’ with your homes price. Too high and no one will take your home seriously and it will be passed over. A fair price – what a seller is willing to accept and a buyer is willing to pay. That’s what we normally strive for.

For Schaumburg IL homes here are some enlightening statistics that I've found. Price your house right in the beginning and you'll make more money! It's true and here's what I've found from current sold sales.

Schaumburg homes that have sold and closed in 2011 sold at 95% of the asking price.

Where it becomes distressing is the 'old sales price to selling price'. That's another 6% off the original listing price. So homes that have sold in the Schaumburg IL area were 6% off their correct price and needed to be adjusted downward in order to sell.

Let's show you in dollars what that might mean:

$200,000 would be $12,000 too high! $250,000 would be $15,000 too high! $300,000 would be $18,000 too high!

Price your Schaumburg IL home as aggressively as you can and it will command a higher sales price than languishing on the market 'hoping' for that higher number.

Looking for an agent that's really a market expert? Let's get your Schaumburg IL home on the market and priced right to sell!

Staging is not Fraud!
Schaumburg - Average Home Prices over the last 10 years
Schaumburg - What type of financing did buyers use?
Northwest Suburban Real Estate Update - December 2011
Surviving the American Dream: The argument for 'Walking Away'
Schaumburg Homes - Is it better to rent or buy?
Foreclosure Surplus?

Sources: MRED MLS 2011

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

Schaumburg IL Homes - How many Short Sales are there really?

Mon, 21 Jun 2010 14:32:06 -0400

Ever wonder how many short sales are REALLY on the market?

I know I have. We hear in the media day in and day out about the short sale epidemic. Short sale this, short sale that. I decided to find out for you what is really going on. So much hype but what is the real story? How many?

With Schaumburg IL Homes that closed within the last 6 months there has been virtually a small percentage of homes going short sale. Also a small number of foreclosures which my graph will represent. 'Arms Length' transaction is a regular sale between a seller and buyer.

If you are looking for an experienced agent that knows the local market inside and out? I'd be happy to discuss your buying or selling possibilities with you!

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

Short Sale Reform, Foreclosures and the Naked Guy

Thu, 19 Jan 2012 15:44:49 -0500

I would like to welcome back my guest blogger and short sale attorney, Gary Lundeen for another plea to Congress for Short Sale Reform. Soon Fannie & Freddie will begin the 'great sell off' of foreclosures to investors & what impact will it have on the currently limping housing market?

I am sure we all agree that we need a national policy on Short Sale Reform but when will it begin? When will Congress start to listen? This is Gary's perspective on what should be done to an exasperating problem facing all of us in the real estate industry.

Short sales, Foreclosures and a naked guy - an interesting analogy!

The Lundeen Plan - Short Sale Reform - Installment Fourteen

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

Top Selling Schaumburg Subdivisions by Price Range, Lyn Sims (847)230-7324 RE/MAX Suburban

Thu, 12 Jun 2008 12:13:26 -0400

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 year.

Under $300,000 Weathersfield - One of the largest and 1^st subdivisions in the area.

Under $350,000 Weathersfield

Sheffield Park - Probably the 2^nd planned subdivision in Schaumburg.

Timbercrest - Known for it's nice tree-line streets and huge garage sale!

Under $400,000 Kingsport - known for it's large 2-story Colonials.

Weathersfield West - Known for it's large Ranchs.

Under $450,000 Timbercrest

Heritage Homes

Country Grove

Under $500,000 Park St. Claire

Under $550,000 Haverford

Plumwood Estates

Under $600,000 Park St. Claire

Under $650,000 Olde Schaumburg

Weathersfield (Teardowns - New Construction)

Under $700,000 Weathersfield (Teardowns - New Construction)

$700,000 to $900,000 Lions Gate

$901,000 to ??? Essex Club and Lexington Fields Estates

TOP SOLD PRICE FOR SCHAUMBURG ~~~~ (drumroll!!!) $920,000

No matter what your price range if your interested in the Schaumburg Area, please give me a call. I have over 28 years experience in the area and I bet 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 plug I've given your Subdivision and 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 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 first timer to seasoned veteran!

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

Data compiled from Sold Properties from the MLS (MRED) 5/1/07 thru 5/31/08 and my little pencil!

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

Get in on a great deal in Schaumburg! 4BR $199,900 Lyn Sims (847)230-7324 RE/MAX Suburban

Wed, 18 Jun 2008 13:06:21 -0400

Wow a 4BR at this price! Weathersfield Area just South of Schaumburg Rd, East of Springinsguth.

Perfect place for your family - blocks to Grade School & Parks!

Contact Lyn Sims at RE/MAX Suburban (847)230-7324 FOR YOUR APPT TODAY!

Homesearch Website is: www.LynSims.net Email her at: LynSims@remax.net

Detached Single Status: ACTV MLS#: 06917211 List Price: $199,900 Address: 19 S Waban Ct Schaumburg, 60193 Sold Price: Subdivision: WEATHERSFIELD PIN: 07203120250000 Spec Asmt/Serv Area: N Tax Exmpt: Homeowner Tax Year: 2006 Taxes: $4,516.91 Yr Built: 1960 Built Before 78: Y Ownership: Fee Simple HOA: Style: Ranch Master Bath: Y HO Freq: Not Applicable Air: Central Air Park Type: Space/s Basement: N Age: 26-50 Years #Cars: 3 Lot Dim: 150X91X180X29 Water: Lake Michigan Sewer: Sewer-Public Closed Date: Elementary: CAMPANELLI Dist#: 54 Middle: JANE ADDAMS JUNIOR Dist#: 54 High: SCHAUMBURG Dist#: 211 Coordinates: N: 10 S: 0 E: 0 W: 25 Directions: SCHAUMBURG RD S WEBSTER LEFT ON WABAN R WABAN CT Bedr: 4 Exterior: Aluminum/Vinyl/Steel Siding (AVS), Brick (BR) Baths: 2 Kitchen: Eating Area-Table Space Rms: 8 Dining Rm: Separate (SEP) Fplcs: 0 Other Rms: Utility/Laundry-1st Floor Appliances: Remarks: SPACIOUS RANCH. SPACIOUS YARD WITH DECK. PRIVATE CUL-DE-SAC LOCATION. BANK OWNED. SOLD AS IS. CALL LISTING OFFICE FRONT DESK FOR SHOWING APPOINTMENT. ROOM SIZES AND LOT SIZE ARE ESTIMATED. SELLER DOES NOT PROVIDE SURVEY. SEND PRE-QUAL & PRE-APPROVAL LETTER WITH ALL OFFERS.