Monday, July 28, 2014

Selling Your Northern Illinois Home in 2014 - Home Tips: The Front Door

Selling Your Northern Illinois Home in 2014 - Home Tips: The Front Door


The Front Door:

The front door is one of the first things potential buyers see.

A strong and visual front door can leave a great first impression to potential buyers.

If the door is broken, doesn't work properly, or is in desperate need of a makeover, a buyer may see these things as weak points and consider offering less.

Click here to search Northern Illinois Homes for Sale.

Jim Starwalt

Thinking of making a move?

Download the New Free RE/MAX Home Search App or text the word MOBILE to 224-677-2200.

Log onto my website at www.StarHomeTeam.com and search Northern Illinois Homes for sale.

Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com

Jim Starwalt, Real Estate Broker
RE/MAX Center
Phone: 847-548-2625
Jim@StarHomeTeam.com

Find Me Online

      


Selling Your Northern Illinois Home in 2014 - Home Tips: The Front Door

Selling Your Northern Illinois Home in 2014 - Home Painting Tips

Selling Your Northern Illinois Home in 2014 - Home Painting Tips

The middle of summer is one of the busiest times for any real estate market -- with thousands of homes and properties going up for sale in every town and city throughout the United States.

Getting the most for a home is always a seller's top priority; heeding these tips and tricks when considering putting your house on the market will help toward getting you top dollar.

Paint Color:

When choosing an exterior paint color, stick with what's popular in the neighborhood, goes well with the surroundings of the area, or fits the style of the home.

Picking a paint color that is not common or completely clashes with the rest of the neighborhood is a very risky decision, especially when thinking about listing a home.

When it comes to paint, choose safe colors for the biggest return on investment.

The same should be considered for interior paint -- big, bold, bright colors might work for your current design scheme, but when buyers walk through a home, and the main living space is four different colors, it's likely all they'll see is dollar signs and time spent repainting.

Click here to search Northern Illinois Homes for Sale.

Jim Starwalt

Thinking of making a move?

Download the New Free RE/MAX Home Search App or text the word MOBILE to 224-677-2200.

Log onto my website at www.StarHomeTeam.com and search Northern Illinois Homes for sale.

Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com

Jim Starwalt, Real Estate Broker
RE/MAX Center
Phone: 847-548-2625
Jim@StarHomeTeam.com

Find Me Online

      


Selling Your Northern Illinois Home in 2014 - Home Painting Tips

Friday, July 25, 2014

Open House 7/26/2014 at 220 Bluff, Grayslake IL

Open House 7/26/2014 at 220 Bluff, Grayslake IL

Date: Saturday July 26, 2014

Time: 1:00 pm to 3:00 pm

Location: 220 Bluff, Grayslake IL 60030



Click here to search Grayslake Homes for Sale.

Jim Starwalt

Thinking of making a move?

Download the New Free RE/MAX Home Search App or text the word MOBILE to 224-677-2200.

Log onto my website at www.StarHomeTeam.com and search Northern Illinois Homes for sale.

Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com

Jim Starwalt, Real Estate Broker
RE/MAX Center
Phone: 847-548-2625
Jim@StarHomeTeam.com

Find Me Online

      


Open House 7/26/2014 at 220 Bluff, Grayslake IL

Open House 7/26/2014 at 639 Paddock, Libertyville

Open House 7/26/2014 at 639 Paddock, Libertyville

Date: Saturday July 26, 2014

Time: 1:00 pm to 3:00 pm

Location: 639 Paddock, Libertyville IL 60048



Click here to search Libertyville Homes for Sale.

Jim Starwalt

Thinking of making a move?

Download the New Free RE/MAX Home Search App or text the word MOBILE to 224-677-2200.

Log onto my website at www.StarHomeTeam.com and search Northern Illinois Homes for sale.

Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com

Jim Starwalt, Real Estate Broker
RE/MAX Center
Phone: 847-548-2625
Jim@StarHomeTeam.com

Find Me Online

      


Open House 7/26/2014 at 639 Paddock, Libertyville

2014 Real Estate - Foreclosure Inventory Down 37% over Last Year!

2014 Real Estate - Foreclosure Inventory Down 37% over Last Year!


According to the latest CoreLogic National Foreclosure Report, “approximately 660,000 homes in the US were in some state of foreclosure as of May 2014”.

This figure is down 37% from the 1 million homes in May of 2013.

May marked the 31st consecutive month in which there were year-over-year declines.

Mark Fleming chief economist for CoreLogic revealed:

“Significant gains have been made in the last year to reduce the foreclosure stock. Yet, these improvements are occurring disproportionately in non-judicial states. The foreclosure inventory in judicial states is averaging 2.1% which is more than twice the 0.9% average that is occurring in non-judicial states.”

The foreclosure process in the twenty-two judicial states can take, on average, anywhere from 180-400 days according to the Mortgage Bankers Association. The lack of initial court intervention in non-judicial states, often means that the process of foreclosure takes significantly less time.

Therefore, judicial states as a whole, have taken longer to catch up to the rest of the country in liquidating foreclosure inventory.

All five states with the highest foreclosure inventory as a percentage of mortgaged homes are judicial states.






On the list of the five lowest inventory states, only North Dakota uses a judicial process.







Even though some states have not recovered completely from the foreclosure crisis, the nation as a whole is on the right track as inventory decreases.

Click here to search Northern Illinois Homes for Sale.

Jim Starwalt

Thinking of making a move?

Download the New Free RE/MAX Home Search App or text the word MOBILE to 224-677-2200.

Log onto my website at www.StarHomeTeam.com and search Northern Illinois Homes for sale.

Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com

Jim Starwalt, Real Estate Broker
RE/MAX Center
Phone: 847-548-2625
Jim@StarHomeTeam.com

Find Me Online

      

2014 Real Estate - Foreclosure Inventory Down 37% over Last Year!

2014 Housing Inventory Levels BELOW Historic Norms

2014 Housing Inventory Levels BELOW Historic Norms



Though the housing market is recovering nicely, it is not doing quite as well as some analysts had predicted.

There is one factor that is most responsible for curtailing the number of houses sold – the number of houses available for sale.

Housing Inventory Levels are BELOW Historic Norms.

In a recent economic forecast, Freddie Mac addressed this exact issue:

“Including newly built homes in the inventory count, the total number of homes offered for sale relative to the number of households in the U.S. has been running at the lowest level in more than 30 years, as shown in the second exhibit. The relatively low for-sale inventory reflects several features of today’s market.”

“A supply-constrained market (holding other factors constant) will result in a decline in the volume of sales and an increase in real transaction prices.”

NAR Report Confirms Inventory Constriction:

History shows us that a balanced real estate market requires a six month supply of available housing inventory. The National Association of Realtors released their Existing Homes Sales Report earlier this week. The report revealed that we are still only at a 5.5 month supply of homes for sale. We have not reached the 6 month mark in over two years.

If you are considering selling your home, now may be the time to list it for sale.

Click here to search Lake County Illinois Homes for Sale.

Jim Starwalt

Thinking of making a move?

Download the New Free RE/MAX Home Search App or text the word MOBILE to 224-677-2200.

Log onto my website at www.StarHomeTeam.com and search Northern Illinois Homes for sale.

Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com

Jim Starwalt, Real Estate Broker
RE/MAX Center
Phone: 847-548-2625
Jim@StarHomeTeam.com

Find Me Online

      

2014 Housing Inventory Levels BELOW Historic Norms

June 2014 Existing Home Sales Report

June 2014 Existing Home Sales Report

From the National Association of Realtors June 2014 Existing Home Sales Report:



  • Sales are Up 2.6%
  • Prices are Up 4.3%
  • Inventory is Up 6.5%
  • Distressed Sales are Down





Click here to search Grayslake Homes for Sale.

Jim Starwalt

Thinking of making a move?

Download the New Free RE/MAX Home Search App or text the word MOBILE to 224-677-2200.

Log onto my website at www.StarHomeTeam.com and search Northern Illinois Homes for sale.

Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com

Jim Starwalt, Real Estate Broker
RE/MAX Center
Phone: 847-548-2625
Jim@StarHomeTeam.com

Find Me Online

      


June 2014 Existing Home Sales Report