NEW LISTING! $235,000.
Please come visit this 2-Bedroom/2-bath Gem! HUGE ROOMS! 1,500 square feet, New carpet/paint. 27′ x 16′ Living/Dining Space with track lighting.
Spacious 17′ x 12′ Kitchen w/eat-in space + window onto Living Room.
17′ x 13′ Master Suite with track lighting.
17′ x 12′ 2nd Bedroom!
3 Walk-in Closets! Includes 1 parking space. Beaches, Northwestern Campus & Transit nearby. Pets welcome! 1-yearr Home Warranty included! For complete details, visit my web site at www.4salebyandy.com”
Stabilization of interest rates and a continuation of a variety of mortgage programs will be key factors in sustaining momentum in the housing market. Regarding interest rates, one way to gain some perspective is to look at the average interest rates over the last few decades. I don’t know about you, but I sure am glad it’s not 1983 . . .
Lately I’ve been hearing a lot of guarded optimism about the continuation of this real estate roll we’re on. Homeowners are positive about the market, looking at the current situation and what’s still visible in the rear view mirror.
Source: Agent Metrics,
But the burning question they want to ask is, how’s it looking for the rest of the year? How is the fall market looking? This question is often asked as the homeowner or neighbor gazes down at an oracle for a magic answer, peering over glasses perched precariously on the bridge of the nose. It’s the fear of the slippery slope creeping in as temperatures start to dial down in anticipation of bare trees, lots of leaves to rake, and not enough apple cider. Too many homeowners have been down the road of broken promises, however badly they want to believe that the housing market will hang on and not lose too much momentum. They hope that the heat will prevail over the chilly months ahead.
Well, if recent history is any indication, figures gleaned from Agent Metrics from Q2 2010 through Q2 2013 for Evanston home sales suggest there will be a dip in sales but nothing drastic. The sky shouldn’t fall; in fact, it should basically stay right where it is. While we’ve seen tremendous gains in several areas over this 3-year period, it’s reassuring also to note that home sales during the third quarter did not drop off very much over the past few years from Q2 to Q3. these annual drop-offs from Q2 to Q3 were as follows: 9 percent in 2010, 9.4% in 2011, and 8,8% in 2012. I am curious to see how the 3rd quarter sales figures will stack up in 2013. Instead of waiting for the sky to fall, Chicken Little, it’s time to by a new luxury coop with a 2-car garage!
In my career as a Realtor, I have attended quite a few home inspections, and witnessed quite a range of involvement on the part of the buyer, the buyer’s agent, and the inspector.
Several years ago I attended the inspection for a listing of mine in Portage Park, Chicago. During the entire time of the inspection, the buyer sat at the kitchen table drinking coffee and reading the newspaper, while the inspector went through his customary routine, speaking to no one unless spoken to, and then only offering short answers like “yes” or “no.” Suffice to say, I had nothing whatsoever to do with recommending this particular “professional.”
Some inspectors want to point out every little possible thing to the buyers, in the spirit of educating the soon-to-be home owner. Assuming that the inspector is a skilled professional and knows his or her stuff, buyers (especialy 1st time buyers) should seize the opportunity to learn from the inspector while going through the home. This is far more productive than reading about it in the report after the fact, and will help the buyer make more sense of all the details in the report.
So whether it is your first purchase or your 10th, take the time to be present at the entire inspection, and ask questions to seek clarification or just to learn something new. Learn as much as possible about the property you are purchasing, whether you will live there or not. After all, you are paying for a professional service that could have a very significant impact on the final sale price and terms of your purchase. And five years after the fact, when an issue arises that involves words like “maintenance,” “repair” or “replace,” the report you received from the inspector will make more sense and will be a more useful resouce when something needs to be fixed.
“. . . whether it is your first purchase or your 10th, take the time to be present at the entire inspection, and ask questions”