Friday, May 17, 2019

Why to Work With a North Shore Real Estate Agent

If you’d like to sell in the North Shore real estate market this spring, it is best that you work with a real estate professional when doing so. Since I am a North Shore real estate agent, you don’t have to take my word for it! Here are some reasons that Inman News gives for sellers to definitely work with an agent when trying to sell:

1.  Reality vs. Knowledge. We have the internet at our fingertips, and therefore many homeowners in Glencoe, Winnetka, Highland Park, Deerfield, Northbrook, Lake Forest, Wilmette, Evanston, Glenview, Riverwoods, Bannockburn, and other North Shore communities might feel like they can research the home-selling process and know as much as an agent will. However, free instant valuation tools on the internet may not be accurate. What you think you know about your local market might not be accurate. Even if you find stats, they might be at least a month old. The market is constantly changing! Only an agent will know what houses like yours are selling for, how long they were on the market, who the interested buyers were, what features the buyers were interested in most, etc.

2.  Problem-Solving. Again, you can research how to deal with issues that arise during the home-selling process, but every situation is different, and no amount of research will help you make fast decisions that won’t make a buyer go running. If an inspection reveals the worst, or an appraisal comes in less than the contract sales price, it’ll feel like the end of the world to the seller, but agents face these issues regularly and will know how to handle them.

3.  Negotiations. Real estate professionals are full-time, professional negotiators. Overcoming objection is what we excel at! You may have a personal attachment to your home and take every criticism personally. We won’t. We will carefully gather the data and let you know if themes emerge as to why buyers walk away, or what buyers purchase instead. We will also know how to negotiate on your behalf, and whether you should counter an offer or reject a low offer. Buyers will be working with buyer’s agents, also professional negotiators. You’ll want a seller’s agent on your side!

4.  Marketing. Agents will get your North Shore home seen far more than you will alone! Signs in the front yard don’t cut it anymore. Most buyers find their home online. This means that you need professional photographs and description of your home, you need it listed in as many places as possible, you need it shared on social media, and you need an agent who has mad connections. All of this combined will ensure that your home is seen by as many potential buyers as possible!

Read more about what an agent can do for you as a North Shore home sellers in this Inman News article. If you’ve got questions, or you’re ready to begin the home-selling process in the North Shore real estate market, give me a call! As an experienced North Shore real estate agent, I am here to help in every way that I can!

Janie Bress
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Wednesday, May 1, 2019

Why to Sell Your North Shore Home This Spring


If you’ve been wanting to sell your North Shore home, but have been putting it off, you’re not alone. There is a lot of pent-up seller demand! As your North Shore real estate agent, I am here to help you understand why this spring season might be the ideal time for you to sell and accomplish your real estate goals in Glencoe, Winnetka, Highland Park, Deerfield, Northbrook, Lake Forest, Wilmette, Evanston, Glenview, Riverwoods, Bannockburn, and other North Shore communities.

In the latest Seller Traffic Index released by the National Association of Realtors, home seller activity is weak nationwide, with only 11 states showing stable levels of seller traffic. The number of people that moved last year was half of what it was in the 1980s.

The amount of time a homeowner remains in their house has gotten longer as well. It used to be an average of six years from 1985 to 2008; now it is up to 9.5 years.

The economic downturn of 2008 played a big part, when homeowners found themselves in negative equity as home values dropped. Homeowners have been waiting for equity levels to rise. Now that they have, and home values are high, mortgage rates have also been increasing. Sellers have been waiting for interest rates to decrease before buying another home.

The conditions are perfect to sell now! Mortgage rates for 30-year fixed rate mortgages are around their lowest levels since January 2018. For anyone who would like to buy another home after they sell, or anyone buying for the first time, this is great news.

Because of the positive market conditions, 69 percent of people now believe that it’s a good time to sell a home, according to a NAR report. That means that the North Shore real estate market could see a major increase in listings soon!

North Shore homebuyers are ready. With lower interest rates, increased wages and signs of a strong economy, buyers are eager to buy now, before home prices increase more and interest rates increase again. If you list your North Shore home now, before the influx of listings, you could have a fast sale for a great price. If you wait, you might have a lot more competition from other sellers.

If you’d like to move up to your dream home, now is also the best time to sell, so you too can score a great interest rate while they remain low.

If you’d like to sell so you can downsize, retire or move closer to work or family, why wait? Home values are at a great place right now, and buyer demand is high. The sooner you sell, the sooner you could be settled into your new home for summer.

If you’ve got questions about the home-selling process or about market conditions on Chicago’s North Shore, I am here for you! As your North Shore real estate agent, I can answer any questions you may have, and I will guide you through the entire home-selling process. Give me a call today!

Janie Bress
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Monday, April 22, 2019

Winnetka Real Estate Market Stats for March 2019

City Active Listings: There are a total of 160 properties actively on the market with the average price of $1,771,888 in Winnetka.

City Sold Listings: 17 properties closed last month in Winnetka with an average sales price of $1,499,853. The average time on market for these properties was 100 days. 



To view the complete report including additional detailed data, charts ad graphs, please

Janie Bress
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Northbrook Real Estate Market Stats for March 2019

City Active Listings: There are a total of 330 properties actively on the market with the average price of $650,691 in Northbrook.

City Sold Listings: 46 properties closed last month in Northbrook with an average sales price of $524,744. The average time on market for these properties was 54 days. 


To view the complete report including additional detailed data, charts ad graphs, please view the Northbrook market statistics

Janie Bress
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Highland Park Real Estate Market Stats for March 2019

City Active Listings: There are a total of 318 properties actively on the market with the average price of $768,923 in Highland Park.

City Sold Listings: 34 properties closed last month in Highland Park with an average sales price of $477,723. The average time on market for these properties was 96 days. 


To view the complete report including additional detailed data, charts ad graphs, please view the Highland Park market statistics

Janie Bress
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Glencoe Real Estate Market Stats for March 2019

City Active Listings: There are a total of 85 properties actively on the market with the average price of $1,340,422 in Glencoe.

City Sold Listings: 8 properties closed last month in Glencoe with an average sales price of $1,450,250. The average time on market for these properties was 56 days. 



To view the complete report including additional detailed data, charts ad graphs, please view the Glencoe market statistics

Janie Bress
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Deerfield Real Estate Market Stats for March 2019

City Active Listings: There are a total of 160 properties actively on the market with the average price of $579,032 in Deerfield.

City Sold Listings: 27 properties closed last month in Deerfield with an average sales price of $502,065. The average time on market for these properties was 37 days. 


To view the complete report including additional detailed data, charts ad graphs, please view the Deerfield market statistics

Janie Bress
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Wednesday, April 3, 2019

Buy A North Shore Home This Spring!

If you put off your home-buying goals this winter in Glencoe, Winnetka, Highland Park, Deerfield, Northbrook, Lake Forest, Wilmette, Evanston, Glenview, Riverwoods, Bannockburn, and other North Shore communities, I understand! As a North Shore real estate agent, I see that a lot, especially during a cold and snowy winter like we had this year. But now that the spring season has sprung, now may be a great time to purchase your North Shore dream home!

Here are a few reasons to consider buying a North Shore home this spring:

1.  Home prices will continue to rise. The latest U.S. Home Price Insights report from CoreLogic reports that home prices have appreciated 4.4 percent over the last 12 months. These reports predict that prices will increase another 4.6 percent over the next year. The sooner you buy, the more you could save each month on your mortgage payment!

2.  Mortgage rates may increase. Nobody knows what mortgage rates will do for sure, but all major mortgage experts predict that they will rise over the next 12 months, including Freddie Mac, Fannie Made, the National Association of Realtors and more. They are still low compared to historic standards, almost as low as 4 percent right now, so take advantage while you can!

3.  Spring conditions are better for house hunting. The weather here on the North Shore is always a wild card this time of year, but the days are longer, allowing more showings to take place in the evenings after work! There are also fewer days of snow and freezing temperatures. Take advantage now, before summer hits and all the fun that comes with it.

4.  You’re paying a mortgage either way. If you’re currently renting, you’re still paying a mortgage. You’re paying your landlord’s mortgage. Why not invest in your own financial future and start paying your own mortgage? You’ll build equity, and when you sell someday, you’ll get that money back! Homeownership is like forced savings, and your future self with thank you.

5.  It’s time to accomplish your dreams. You have a reason for wanting to buy. You want to invest in your financial future, you want to move to a community you’ve always wanted to live in, you want to be closer to work, or family, or public transportation, or parks. You want to be able to remodel your home however you wish. Whatever your reason is, why wait?

When ready to buy a home in the North Shore real estate market this spring, give me a call, your North Shore real estate agent! I am here to answer all of your questions about the market and the home-buying process, and then to guide you through the entire process until you have keys in your hand.

Once summer hits and the kids are out of school, or your social calendar fills up, your real estate goals might end up on the back burner. Take advantage of the warmer spring season and contact me! Let’s together accomplish your North Shore home-buying and/or home-selling goals now!

Janie Bress
Your North Shore Real Estate Expert


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Wednesday, March 20, 2019

Deerfield Real Estate Market Stats for February 2019

City Active Listings: There are a total of 158 properties actively on the market with the average price of $605,062 in Deerfield.

City Sold Listings: 10 properties closed last month in Deerfield with an average sales price of $400,460. The average time on market for these properties was 61 days. 


To view the complete report including additional detailed data, charts ad graphs, please view the Deerfield market statistics

Janie Bress
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Glencoe Real Estate Market Stats for February 2019

City Active Listings: There are a total of 84 properties actively on the market with the average price of $1,295,282 in Glencoe.

City Sold Listings: 7 properties closed last month in Glencoe with an average sales price of $648,000. The average time on market for these properties was 62 days. 



To view the complete report including additional detailed data, charts ad graphs, please view the Glencoe market statistics

Janie Bress
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Highland Park Real Estate Market Stats for February 2019

City Active Listings: There are a total of 257 properties actively on the market with the average price of $820,274 in Highland Park.

City Sold Listings: 22 properties closed last month in Highland Park with an average sales price of $638,199. The average time on market for these properties was 87 days. 


To view the complete report including additional detailed data, charts ad graphs, please view the Highland Park market statistics

Janie Bress
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Northbrook Real Estate Market Stats for February 2019

City Active Listings: There are a total of 276 properties actively on the market with the average price of $644,631 in Northbrook.

City Sold Listings: 39 properties closed last month in Northbrook with an average sales price of $477,590. The average time on market for these properties was 88 days. 


To view the complete report including additional detailed data, charts ad graphs, please view the Northbrook market statistics

Janie Bress
Your North Shore Real Estate Expert


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Winnetka Real Estate Market Stats for February 2019

City Active Listings: There are a total of 148 properties actively on the market with the average price of $1,790,786 in Winnetka.

City Sold Listings: 8 properties closed last month in Winnetka with an average sales price of $1,170,403. The average time on market for these properties was 75 days. 



To view the complete report including additional detailed data, charts ad graphs, please

Janie Bress
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Wednesday, March 6, 2019

Mortgage Advice to Reconsider As North Shore Buyer

When in the market as a North Shore homebuyer, it’s easy to fall for outdated mortgage advice. After all, we have the internet at our fingertips, filled with information and opinions on all matters, and we have friends and family members, who offer us tips from when they bought a home.

The thing is, the North Shore real estate market is constantly changing, so real estate advice can quickly become obsolete. The best advice is straight from a real estate agent and mortgage lender in the area where you’d like to buy. Both keep up with the latest stats and trends in the area, and can help you make the best decisions as a homebuyer and mortgage qualifier.

Here are a few common mortgage myths that might not be true for you anymore:

1.  You need to have a 20 percent down payment. Most homebuyers still believe this to be true, even though in actuality, few first-time buyers can make a 20 percent down payment anymore! There are traditional loans offering 10 percent down or less, and FHA loans require as little as 3 percent. If you don't have 20 percent saved, shop around to see what the best option is for you.

2.  Choose a 30-year mortgage with a fixed interest rate. While this is still the most common type of mortgage, it’s not the only option. If you’re buying a forever home on the North Shore, this may save you the most money over a long period. However, if you’re buying a starter home, but plan to move in the near future, a five or seven-year adjustable rate mortgage might work better. It’s best to check all of your options.

3.  Wait for interest rates to drop. Because interest rates have been at historic lows in the last few years, now that they are on the rise, you’ll often hear the advice that you should wait until they drop again. However, mortgage experts predict that interest rates will increase rather than decrease this year and in the coming years. Right now, they are still near historic lows, though not as low as they were in the past couple years. So while you may have already missed the lowest they will be, the sooner you buy, the sooner you could get a great rate before they increase.

As you can see, you have many mortgage options as a North Shore homebuyer! Your best bet is to meet with a mortgage lender to get pre-qualified and find out what you qualify for, and to meet with a North Shore real estate agent to find out what houses are going for in the area you’d like to buy.

Whether you’d like to buy in Glencoe, Winnetka, Highland Park, Deerfield, Northbrook, Lake Forest, Wilmette, Evanston, Glenview, Riverwoods, Bannockburn, and other North Shore communities, I can help you out! Give me a call and let’s work toward achieving your North Shore real estate market goals this winter or spring season.

Janie Bress
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Wednesday, February 20, 2019

Deerfield Real Estate Market Stats for January 2019

City Active Listings: There are a total of 124 properties actively on the market with the average price of $352,500 in Deerfield.

City Sold Listings: 16 properties closed last month in Deerfield with an average sales price of $392,255. The average time on market for these properties was 108 days. 


To view the complete report including additional detailed data, charts ad graphs, please view the Deerfield market statistics

Janie Bress
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Glencoe Real Estate Market Stats for January 2019

City Active Listings: There are a total of 80 properties actively on the market with the average price of $890,000 in Glencoe.

City Sold Listings: 10 properties closed last month in Glencoe with an average sales price of $1,175,750. The average time on market for these properties was 104 days. 



To view the complete report including additional detailed data, charts ad graphs, please view the Glencoe market statistics

Janie Bress
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Highland Park Real Estate Market Stats for January 2019

City Active Listings: There are a total of 238 properties actively on the market with the average price of $368,065 in Highland Park.

City Sold Listings: 20 properties closed last month in Highland Park with an average sales price of $401,906. The average time on market for these properties was 93 days. 


To view the complete report including additional detailed data, charts ad graphs, please view the Highland Park market statistics

Janie Bress
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Northbrook Real Estate Market Stats for January 2019

City Active Listings: There are a total of 243 properties actively on the market with the average price of $446,250 in Northbrook.

City Sold Listings: 25 properties closed last month in Northbrook with an average sales price of $538,521. The average time on market for these properties was 69 days. 


To view the complete report including additional detailed data, charts ad graphs, please view the Northbrook market statistics

Janie Bress
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Winnetka Real Estate Market Stats for January 2019

City Active Listings: There are a total of 115 properties actively on the market with the average price of $1,859,529 in Winnetka.

City Sold Listings: 11 properties closed last month in Winnetka with an average sales price of $877,545. The average time on market for these properties was 46 days. 


To view the complete report including additional detailed data, charts ad graphs, please

Janie Bress
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Wednesday, February 6, 2019

Moving Tips for North Shore Buyers and Sellers

Whether you plan on selling, buying or both on Chicago’s North Shore this winter season, you have a big move ahead of you! Allow me to fill you in on some expert moving tips, so you can plan ahead and be better prepared. The more prepared you are, the easier it will be to transition into your new living space!

1.  Declutter. There is no point in traveling with clutter that you no longer need or use, so first, go through each room and remove anything you could live without. This could be kitchen appliances you never use, clothes you haven’t worn in years, old books, etc. This is especially important if you’re selling your North Shore home, as this is an important step in the home-selling process!

2.  Sell items. If you’re having a hard time parting with some of your stuff, and it has monetary value, don’t just throw it all out! It’s not a good time of year for a garage sale, but if you’ve got time, try selling it online. You can post on Facebook, Craigslist, eBay and so on. You could also donate items, recycle, and toss what is left.

3.  Plan ahead. If you know you have a move ahead of you, start collecting boxes, tools and packing material. If you receive any orders from Amazon, break down the boxes and store them. Stock up on tape, permanent markers to mark the boxes with, and newspaper and bubble wrap for breakable items. If there are items you could start packing ahead of time that you don't need right now, such as summer gear, get that over with early.

4.  Plan for move-out day. Pack room by room while labeling boxes as you go. Write what is in the box and which room it goes in. When unpacking boxes at the new home, place each box in its designated room right away. Leave out anything you’ll need within the first day or two, and pack that in a suitcase you’ll bring with you into your new home.

5.  Pack appropriately. Experts recommend wrapping delicate items with plastic sheets and then bubble wrap, and packing them into boxes so they can’t move around. Wrap plastic sheets around furniture to protect them during the move. Mark fragile boxes so movers know to be extra careful. If very fragile or important, bring with you in your own vehicle.

6.  Keep yourself safe. If you can dismantle furniture and large items, do so to make packing easier and safer for you. Avoid carrying and lifting heavy objects when possible. Keep screws and little pieces in clear Ziploc bags, marked so you don’t lose any important items. Hire movers to help you out if you’ve got a lot of heavy, big stuff!


I look forward to guiding your through the home-selling and/or home-buying process, so you can comfortably settle down in your new home this winter!

Janie Bress
Your North Shore Real Estate Expert


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Wednesday, January 23, 2019

Highland Park Real Estate Market Stats for December 2018

City Active Listings: There are a total of 237 properties actively on the market with the average price of $804,818 in Highland Park.

City Sold Listings: 30 properties closed last month in Highland Park with an average sales price of $530,017. The average time on market for these properties was 68 days. 


To view the complete report including additional detailed data, charts ad graphs, please view the Highland Park market statistics

Janie Bress
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Northbrook Real Estate Market Stats for December 2018

City Active Listings: There are a total of 258 properties actively on the market with the average price of $629,618 in Northbrook.

City Sold Listings: 42 properties closed last month in Northbrook with an average sales price of $505,336. The average time on market for these properties was 52 days. 


To view the complete report including additional detailed data, charts ad graphs, please view the Northbrook market statistics

Janie Bress
Your North Shore Real Estate Expert


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Winnetka Real Estate Market Stats for December 2018

City Active Listings: There are a total of 89 properties actively on the market with the average price of $1,953,057 in Winnetka.

City Sold Listings: 15 properties closed last month in Winnetka with an average sales price of $1,010,223. The average time on market for these properties was 50 days. 


To view the complete report including additional detailed data, charts ad graphs, please view the Winnetka market statistics

Janie Bress
Your North Shore Real Estate Expert


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Glencoe Real Estate Market Stats for December 2018


City Active Listings: There are a total of 68 properties actively on the market with the average price of $1,287,456 in Glencoe.

City Sold Listings: 11 properties closed last month in Glencoe with an average sales price of $1,751,453. The average time on market for these properties was 57 days. 



To view the complete report including additional detailed data, charts ad graphs, please view the Glencoe market statistics

Janie Bress
Your North Shore Real Estate Expert


North Shore Real Estate
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