New Listing! One Bedroom in the South Loop $225,000
Welcome to the South Loop. This one bedroom one bath home shows like a model. Unit features two balconies, granite and stainless steel kitchen with additional upgrades throughout. Building features 24 hr doorman, pool, workout facility, and a dog walk to name a few. Walk to Starbucks, Trader Joe's, and the train. Heated Parking available. Call today for a showing 312-617-6070
view all of my listings at LandonHarper.com
New Listing! 53 E. Division, Chicago 60610 Iconic Gold Coast Single Family $2,999,000
Own a piece of Chicago's iconic Gold Coast with this 5 bedroom 5.3 bath 7,000 sqft single family home. This is a perfect opportunity to customize your own home. Kitchen and baths need your personal touch. Exterior facade is beautifully done. Meticulously detailed interior moldings and trim throughout. Amazing space for a beautiful rooftop deck. Radiant heated floors on all levels and in your attached two car garage. This home is a must see. Call me for a showing! 312-617-6070
View my other listings at LandonHarper.com
Tags: 53 East Division, Chicago IL 60610 Single Family Home For Sale @properties
New Listing! Custom Single Family Home in Lincoln Park $2,350,000
Stunning custom home in the heart of Lincoln Park. This home features a beautiful chefs kitchen and butlers pantry. Gracious master suite with private terrace, master bath fit for a spa, and a 10x18 walk in closet. Elevator, heated floors, smart home surround sound/intercom system,tons of storage, and Cctv security. Four car attached garage, two laundry rooms, and much more!
Selling? Waiting Until Spring Makes No Sense!!
Late last year, banks were warned that they needed to guarantee that the paperwork necessary to start a foreclosure process on a family was both accurate and complete. Since then, the banks have slowed down the foreclosure process while they re-examined their procedures. They are now confident that all the required documentation is in order. We are currently waiting on a settlement between the banks and the state attorneys general which will establish what penalties will be assessed.
Once this settlement is reached, the banks will again move forward on many homes which are currently stalled at some stage in the foreclosure process.How many homes are we talking about?There are millions of homes in this category. Calculated Risk quantified the situation:“There are a large number of seriously delinquent mortgage loans in limbo waiting for this settlement. According to LPS, at the end of August there were about 1.87 million loans seriously delinquent and another 2.15 million loans in the foreclosure process. This is only down slightly from a year ago when 4.4 million loans were seriously delinquent or in-foreclosure. Once the settlement is reached, the pace of foreclosures will pick up sharply.The pace will “pick up sharply”.Bottom LineAs more foreclosures come to the market at discounted prices, there will be greater downward pressure on all housing values. Waiting for the spring selling season to put your house on the market may not make sense this year. The increase in demand may be overshadowed by an increased supply of distressed properties.Please feel free to contact me to get a free market analysis for your home!
New Listing! 1250 S. Michigan #2801 $999,999
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WHAT GOES DOWN MUST COME UP!
Prices rise in some city neighborhoods SEPTEMBER 2011
Homeowners in a handful of Chicago neighborhoods can pop the cork on the champagne they've been saving for the housing market recovery. Meanwhile, there are still a number of areas where residents might want to reach for something harder.
FOR 21 CITY NEIGHBORHOODS:
For Sale By Owner not the best bang for your buck!!
Best article I've read this year!
FSBO a No Go!
Posted By The KCM Crew On August 9, 2011 @ 7:00 am In For Sellers,Pricing |
This blog prides itself on the quality of real estate information we deliver each and every day. We try to gather empirical evidence to validate the positions we take. We do not use just an anecdotal story to make a point. We also do not get caught up in the sensationalism of the moment. However, today will be different.
We can’t resist commenting on the story which recently appeared in the Wall Street Journal regarding Colby Sambrotto, the founder and former CEO of forsalebyowner.com. It seems the founding father and livelong evangelist of the concept of selling your home without a real estate agent was forced to hire a broker to sell his home after failing at what he preaches others should do.
After failing to sell his NYC apartment on his own as a For Sale By Owner (FSBO), Sambrotto hired a broker and paid a 6% commission in order to get the job done. His personal experience helps refute some of the myths Sombrotto has been espousing for over a decade. Let’s look at two of those myths:
Myth #1 – You Will Pocket More Money Selling on Your Own
Most FSBO sites say you can save the commission by selling on your own. What happened in Sambrotto’s sale?
From the WSJ article:
“The broker, Jesse Buckler, said he told Mr. Sambrotto the apartment in the Lion’s Head building on West 19th Street near Sixth Avenue was priced too low and wasn’t drawing the right buyers.
By May, it went into contract, he said, after attracting multiple offers. It closed in the last few days for $150,000 more than the original asking price.”
Myth #2 – The Internet Alone Can Sell Your Home
Many have said that, with the introduction of home search on the internet, hiring an agent is no longer a necessity. What happened to the FSBO guru when he attempted to only depend on the internet?
From the WSJ article:
“Looking to move his family to the suburbs, [Mr. Sambrotto] said he carefully staged his apartment for sale himself, and put it on the market. But after using a mix of websites to publicize his apartment, he said he had only ‘middling success’ and switched to a broker because many buyers were so reliant on brokers.”
Bottom Line
There is a reason the real estate industry has been around for centuries: it performs a valuable service.
P.S. We are putting together an infographic on this story for later this week. Check it out on Friday.
Article printed from The KCM Blog: http://kcmblog.com
URL to article: http://kcmblog.com/2011/08/09/fsbo-a-no-go/
Copyright © 2011 Keeping Current Matters. All rights reserved.
New Listing! 130 N. Garland Court The Heritage building $849,750
One of a kind east facing terrace unit at the Heritage. Perfect for entertaining or simply relaxing while enjoying your lake and Millennium Park views. Beautiful upgrades throughout. Unique floor plan for the 03' tier that has a separate dinning room and a 25X16 living room. Big master suite with great closet space and a very nice mater bath. Top notch amenities throughout the building. Parking available for $45K. Call or email me to schedule a showing!
Price Drop!! $639,900 1250 S. MICHIGAN #2101
WELCOME TO THE SOUTH LOOP AND MICHIGAN AVE TOWER AT IT'S BEST. THIS 2200+SQFT CORNER 3 BEDROOM 2 BATH IS ONE OF THE MOST UPGRADED UNITS IN THE BUILDING. CUSTOM DESIGNED IN EVERY WAY FROM THE FLOOR PLAN TO THE HIGH END FINISHES THROUGHOUT. NOT ONE DETAIL MISSED. AMAZING CITY AND LAKE VIEWS FROM YOUR OVERSIZED TERRACE OR MASTER BEDROOM BALCONY. THIS IS A MUST SEE. 3 HEATED PARKING SPACES AVAILABLE. THIS PRICE CANT BE BEAT!!
About Me
Landon HarperLandon is a Chicago native who knows the city in a way that is simply denied to many transplants. He also brings more than eight years of experience in a successful family-owned brokerage firm to one of the top-producers at @properties.
Whether you’re a native or a transplant, buying or selling a house can be a stressful and uncertain process. Landon can help you with both selling and/or buying a property because he knows that being a good Realtor involves more than just getting you to closing. It requires an ability to listen to your needs, understand your lifestyle, and find the perfect match for a neighborhood, a good value, and a place to call home.
Landon uses his real estate experience, knowledge of Chicago's neighborhoods, and his commitment to hard work to help his clients strategically price and market their homes for the best possible return. Accordingly, since joining @properties he has quickly become a successful part of the team.
To search for homes, view my listings, or get neighborhood stats please visit www.LandonHarper.com
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