Buffalo Grove Real Estate

11/21/2019

Using APR (Annual Percentage Rate) To Shop For A Mortgage

Shopping for the best mortgage deal isn't as easy as just looking for the lowest APR. There are plenty of nuances in that calculation. #Mortgages #MortgageRates

This is a guest post written by Paul Braker who is a Residential Mortgage Broker working for The Mortgage Marketplace in Mt. Prospect. Paul originates mortgages throughout the greater Chicago area and even provides his home buyers with rebates. Imagine that! The APR (Annual Percentage Rate) reflects...

11/18/2019

Discount Chicago real estate broker: Lucid Realty

Discount Chicago real estate broker: Lucid Realty

Eddie Nusinow represented the buyer for us on this purchase and got an outstanding review from them. And the buyers got a nice #CommissionRebate

11/12/2019

National Association Of Realtors Finally Cracking Down On Pocket Listings

Good riddance to a really dumb practice: the pocket listing – also known as off market listings or “coming soon” listings. Now, wait for the s*t to hit the fan. #PocketListings #ComingSoon #OffMarketListings #PrivateListings #RealEstateAgents

In the past 6+ years I’ve written at least half a dozen posts about the evils of pocket listings – listings that are “coming soon” or otherwise “off market” and either temporarily or permanently not on the MLS. Despite the fact that a majority of real estate agent...

11/07/2019

Buffalo Grove Real Estate Conditions - October 2019

Check out Eddie's October monthly update for Buffalo Grove. #BuffaloGroveRealEstate

Buffalo Grove Real Estate Conditions - October 2019; Good market times, more homes closing and under contract for both single family homes and townhomes

11/02/2019

How to Get a Better Deal From a Real Estate Agent

Duh! Been offering this for years. #DiscountRealtor #CommissionRebate

The economist Justin Wolfers saved a hefty sum by offering an hourly fee instead of a commission, thwarting a system that is often inefficient and uncompetitive.

11/01/2019

DOJ filing indicates wider probe into broker commissions

This could blow apart the entire real estate industry. Of course, you don't need to wait until this is settled to explore flexible alternatives. You can just call us. #RealEstateOutsideTheBox

In a new filing Monday, DOJ claims the National Association of Realtors is 'inaccurately portraying' a 2008 consent decree in its defense in buy-side commission lawsuit

10/29/2019

Case Shiller: Chicago Area Condo Price Growth Hits 82 Month Low

The Case Shiller Chicago area home price index keeps telling us how slowly our homes are appreciating but other areas are also slowing. #CaseShiller #ChicagoHomePrices #HomePrices

Despite the fact that the Case Shiller Chicago area home price index has now registered 82 consecutive months of annual home price gains the graph below also tells a rather sad story. The rate of our home price appreciation has been falling now for several years and today’s release of the Augu...

10/23/2019

Fancy car = high commissions #DiscountCommissions #BuyerRebates #DiscountRealtor #ChicagoRealtor #ChicagoRealtEstate #ChicagoLandRealtor

Fancy car = high commissions #DiscountCommissions #BuyerRebates #DiscountRealtor #ChicagoRealtor #ChicagoRealtEstate #ChicagoLandRealtor

10/08/2019

Buffalo Grove Real Estate Conditions - September 2019

Here's the Buffalo Grove real estate market update for September #BuffaloGroveRealEstate

Buffalo Grove Real Estate Conditions - September 2019; Higher inventory levels, good market times and more homes closing for single family homes and condos.

10/03/2019

Real Estate Gurus Cut Home Price Forecast...Again

The nation's home price forecast from various real estate experts continues to ratchet down each time it’s compiled. And Chicago's outlook is even more bleak. #ChicagoHomePrices #HomePrices #HomePriceForecast #Pulsenomics

Zillow and Pulsenomics released their third quarter Home Price Expectations Survey a few weeks ago and their respondents are much less optimistic than they were last time we checked in with them. Their current home price forecast is reflected in the orange line in the graph below, which shows 15.1%....

09/27/2019

Discount Chicago real estate broker: Lucid Realty

Discount Chicago real estate broker: Lucid Realty

The Case Shiller home price indices shows the Chicago area's slow price appreciation holding steady while the rest of the nation slows down. #CaseShiller #ChicagoHomePrices #HomePrices

09/07/2019

Buffalo Grove Real Estate Market Conditions - August 2019

Here's Eddie's Buffalo Grove update for August. Check it out! #BuffaloGroveRealEstate

Buffalo Grove Real Estate Market Conditions - August 2019; August inventory levels, market time and homes for sale were up considerably over last year.

09/04/2019

A Rental Property Maintenance Checklist

Real estate investors need a property maintenance checklist and a property manager so that they can focus on the important things. #RealEstateInvestment #RealEstateInvesting #PropertyManagers

This is a guest post written by John Crow, the CEO of Centurion Investments. A Maintenance checklist is a great tool to: Ensure simple fixes are addressed Establish a maintenance requirements list Record any home warranties and product warranty information Schedule maintenance tasks Provide a framew...

08/29/2019

Getting Paid To Get A Home Loan - When Mortgage Rates Go Negative

In some countries home buyers can actually get a negative mortgage rate. They get paid to borrow money. How is that possible? #Mortgages #HomeBuying

You may have heard about how there is now somewhere around $16 Trillion of debt in the world paying negative interest. That means that you have to pay to lend someone money. For instance, you loan them $100 and they pay you $99 back in a few years and you’re happy about it. I don’t...

08/27/2019

Case Shiller: Chicago Area Home Price Gains Keep Slowing Down

The Case Shiller Chicago index ranks the area 5th from the bottom in terms of annual home price appreciation. We had the lowest rate of appreciation in 44 months. #CaseShiller #ChicagoHomePrices #HomePrices

Dow Jones S&P CoreLogic released the June Case Shiller home price indices this morning and revealed, once again, that home price appreciation in the Chicago area and across the nation keeps slowing down. Looking at the entire nation single family home prices appreciated at a mere 3.1% rate over....

08/13/2019

Selling A Home Fast With An iBuyer - Who Is Losing Their Ass?

When you choose to buy and sell homes fast with an iBuyer, outside the market, somebody is likely to lose their ass. Find out who here. #ChicagoRealEstate #RealEstate #HomeSelling #iBuyers #ZillowOffers

For about 2 1/2 years now I’ve been posting about the iBuyer real estate models – where a company will buy your house from you quickly, for cash. In a nutshell my concern has been that a) enough consumers are smart enough to take advantage of the mistakes these companies will inevitably....

08/08/2019

Buffalo Grove Real Estate Market Conditions - July 2019

Here's the latest Buffalo Grove real estate update! #BuffaloGroveRealEstate

Buffalo Grove Real Estate Market Conditions - July 2019; The Buffalo Grove Real Estate market is experiencing a significant shift over the past 3 months.

08/06/2019

Real Estate Experts Reign In Home Price Forecast - Slightly

The home price outlook is a bit more muted than last quarter but things are looking a little brighter for the Chicago area. #ChicagoHomePrices #HomePrices #HomePriceForecast #Pulsenomics

A couple of weeks ago Zillow and Pulsenomics released the results of their Second Quarter 2019 Home Price Expectations Survey of a panel of just over 100 real estate experts. The graph below summarizes their current outlook for home prices out to 2023 – look at the orange line. It dropped slig...

07/30/2019

Case Shiller: Chicago Area Home Price Growth Slows To 3 1/2 Year Low

Home prices in the Chicago area and the nation are rising slower than they have in quite a while. And Seattle prices are even falling now! #CaseShiller #ChicagoHomePrices #HomePrices

The May Dow Jones S&P CoreLogic Case Shiller home price indices came out this morning, showing once again that home price appreciation is slowing even more across the country. And, sadly, Chicago area home price growth dropped another notch in the rankings – to 4th from the bottom with onl...

07/25/2019

What This Realogy/ Amazon TurnKey Real Estate Partnership Really Is

This Realogy/ Amazon TurnKey real estate partnership is hardly better than sliced bread. More like moldy crust. #RealEstateIndustry #RealEstate #CommissionRebates

About 3 weeks ago I wrote about how traditional real estate brokerages, personified by the likes of Realogy, were essentially doomed. Then on Tuesday Realogy announced a “major” partnership with Amazon called TurnKey and their stock surged as much as 30% on the news. Something about peop...

07/16/2019

Case Shiller Home Price Futures And Options Can Hedge Chicago Area Home Prices

Case Shiller home price index futures and options are financial instruments that help you protect against changes in Chicago area home prices. #ChicagoHomePrices #ChicagoRealEstate #CaseShiller

John H Dolan has been the market maker for the Case Shiller futures for much of the last eight years. I often reference his work, which can be found at www.homepricefutures.com, when attempting to provide a home price forecast for the Chicago area. He wrote the following post to address the question...

07/07/2019

Buffalo Grove Real Estate Market Conditions - June 2019

Buffalo Grove Real Estate Market Update - June 2019 - More Inventory Options For Buyers #BuffaloGroveRealEstate

Buffalo Grove Real Estate Market Conditions - June 2019 - More Single Family Home Inventory Options For Buyers During June

07/05/2019

What The Stock Market Tells Us About The Future Of The Real Estate Industry

According to the stock market a new breed of real estate industry challengers is killing off the traditional real estate brokerage. #RealEstateIndustry #RealEstate

I’ve been predicting the demise of the traditional real estate agent/ brokerage for a couple of decades now. I got into the business 12 years ago because I believed that there was about to be an explosion of interest in alternative brokerage models. Yet, the future of the real estate industry....

07/04/2019

Discount Chicago real estate broker: Lucid Realty

The buyers of this home received nearly a $55,000 rebate!...because that's what we do. www.LucidRealtyRebates.com #CommissionRebate #DiscountRealtor #ChicagoRealEstate #DiscountCommissions

07/02/2019

36% Of Home Sellers Cry While Trying To Sell Their Home

According to a Zillow survey selling a home is the second most stressful life event so you should just sell your home to them. #HomeSelling

Last week Zillow released the results of a survey they did on home selling which revealed that selling a home was the most stressful event that people deal with in their lives except for a relationship breakup. It beat out planning a wedding, getting fired, or becoming a parent. In fact, according t...

06/25/2019

Case Shiller: Chicago Area Home Price Gains Rise To Bottom 25% In Rankings

Today's release of the Case Shiller indices shows a continued slowdown in home price appreciation with another city falling behind Chicago, making our slow growth look better by comparison. So we suck less than 4 other cities now. #CaseShiller #ChicagoHomePrices #HomePrices

According to the April Case Shiller Home price indices released this morning by Dow Jones S&P CoreLogic another of the 20 metro areas tracked – Seattle – fell below the Chicago area in the rankings of year over year single family home price appreciation. This left Chicago 5th from th...

06/12/2019

How The Wrong Real Estate Attorney Can Screw Up Your Transaction

You would be surprised at how badly the wrong real estate attorney can screw up a real estate transaction - or even kill a good deal. #RealEstateDeals #RealEstate #Attorneys #Lawyers #RealEstateAttorneys

9 years ago – almost to the day – I wrote a blog post about How To Choose A Real Estate Attorney, in which I explained some of the things that an attorney does to close a real estate transaction and where home buyers and sellers often make mistakes in choosing someone for this important....

06/06/2019

Buffalo Grove Real Estate Market Conditions - May 2019

The Buffalo Grove Real Estate market experienced a pretty significant shift in May. #BuffaloGroveRealEstate

Buffalo Grove Real Estate Market Conditions - May 2019 - The Buffalo Grove Real Estate Market Is Shifting In Favor Of Buyers

06/04/2019

Zillow Offers: Are They Putting Their Money Where Their Zestimate Is?

Zillow has weaved a tangled web by being in the business of creating Zestimates AND buying and selling homes. How are they handling it? #Zestimate #Zillow #HomeSelling #HomePrices

Zillow has gotten themselves into a bit of an awkward position with their new Zillow Offers program. They are now in both the business of providing ostensibly unbiased estimates of home values AND buying and selling homes. It’s awkward because, on the one hand, if they determine home values us...

05/31/2019

Despite New Tax Law Buying A Home In Chicago Area Still Better Than Renting

With the new tax law buying a home is not as attractive as it once was but it's still better than renting if you stay put long enough. #RentVsBuy #Condos #Taxes

Back in February I posted on how the new tax law would affect the rent vs. buy decision. However, I got to thinking that it might be instructive to work through a real example rather than just pontificate from an ivory tower. I was actually a little surprised by the result. Before I dive into...

05/31/2019

Buying or selling a home? A new lawsuit could change how much you pay the Realtor

Buying or selling a home? A new lawsuit could change how much you pay the Realtor

An ongoing lawsuit against Chicago-based National Associated of Realtors is forcing into the open hidden factors that dictate how realty agents are paid.

05/28/2019

Case Shiller: Chicago Area Home Price Appreciation Slows To 3 Year Low

According to this morning’s release of the Case Shiller index Chicago area home prices are now rising at the slowest rate in 37 months – but they are still rising. #ChicagoHomePrices #HomePrices #CaseShiller

Dow Jones S&P CoreLogic released the March Case Shiller home price indices this morning and they show that home price gains across the nation continue to slow down. In particular, the Case Shiller Chicago area index for single family homes in March resulted in the lowest year over year gain in 3...

05/23/2019

Who Wins, Who Loses In Chicago's Condo Deconversions?

The economics of a condo deconversion do not benefit all owners equally. #Condos #CondoDeconversions #Deconversions

About a year ago I wrote about the Chicago condo deconversion boom and how these deals are not necessarily good for all owners. The developer puts an offer out for the entire building and that offer is allocated among the units based upon their ownership interest, which is often largely determined b...

05/22/2019

54 Willow Pkwy, Buffalo Grove, IL 60089 mls # 10388309

Rarely available updated Kensington unit with 3 spacious bedrooms and 2.5 bathrooms. Beautifully updated and immaculate, this home offers 2 story vaulted ceilings throughout the main level with abundant natural light from the large windows and 2 skylights. Hardwood floors, updated eat in kitchen with granite countertops, transitional cabinets with crown molding and stainless steel appliances. First floor master suite with 2 large closets and updated bathroom. Gorgeous maintenance free living with an abundance of professionally manicured grounds with outdoor pool and clubhouse a short walk from the home. Walking distance to Stevenson HS, the Prairie View Metra station. All you have to do is move in! - $379,850

54 Willow Pkwy, Buffalo Grove, IL 60089; Bright & Updated 3 Bedroom, 2.5 Bathroom Buffalo Grove Townhome - $379,850

05/19/2019

Discount Chicago real estate broker: Lucid Realty

Discount Chicago real estate broker: Lucid Realty

Apparently these consumers don't know how to use Google to find a #DiscountRealtor

05/15/2019

502 S Grove Avenue, Barrington, IL 60010 mls #10329406

Very excited that this listing closed today! We accepted a contract in 9 days and it was smooth sailing! Well priced, nicely updated home and the second home we sold for these wonderful clients!

https://blog.lucidrealty.com/lucid-realtys-chicago-area-homes-for-sale/502-south-grove-avenue-barrington-il-60010/

502 S Grove Avenue, Barrington, IL 60010; Completely Updated Barrington Farmhouse With 3 Bedrooms and 3 Bathrooms – $649,850

05/10/2019

361 Dickens Street, Northfield, IL 60093 mls #10321308

Open House - Saturday, May 11th - 1 to 3pm - come check out this fantastic home in Northfield.

https://blog.lucidrealty.com/lucid-realtys-chicago-area-homes-for-sale/361-dickens-street-northfield-il-60093/

361 Dickens Street, Northfield, IL 60093;; Magnificent Custom 4 Bedroom, 3.5 Bathroom Farmhouse In Northfield - $1,189,850

05/08/2019

Buffalo Grove Real Estate Market Conditions - April 2019

Buffalo Grove sales increased during April. #BuffaloGroveRealEstate

Buffalo Grove Real Estate Market Conditions - April 2019; Inventory levels, market times and closings were up over last year for April in Buffalo Grove.