Sunday, January 21, 2007
Governor suspended HB4050 Predatory Lending Database Pilot Program. Governor Rod Blagojevich has directed the Illinois Department of Financial and Professional Regulation (IDFPR) to "immediately suspend" the Illinois Predatory Lending Database Pilot Program, also known as HB 4050, effective immediately.
Tuesday, January 02, 2007
Home Staging to Sell Your House
Staging is the process of preparing any home for sale, regardless of price or location. When you place your home on the market for sale it becomes a product. Similar to a product on the shelf at your local store, the product has features and benefits as well as pluses and minuses, and competition.
You should Stage your home to compete with the competition in the marketplace you must be priced right and look better than the other products. Your home is no different, it is one of many homes for sale and you must present it to the buyers in the best possible light.
Before you show your home to any potential buyer be sure to go through your whole house with your agent to finish the Staging process. Try to look at your house through a buyer's eyes, as though you have never seen it before. This exercise will help you see what needs to be done. Here are some quick tips.
- Clear all unnecessary objects from furniture throughout the house. . In general, a sparsely decorated home will help the buyer mentally 'move in' with their own things.
- Rearrange or remove some of the furniture in your home, if necessary. Many times home owners have too much furniture in a room. When it comes to selling your home, thin out overcrowded rooms to make the rooms appear larger.
- Clear all unnecessary objects from the kitchen countertops. If it hasn't been used for three months...put it away! Clear refrigerator fronts of messages, magnets, pictures, etc.
- In the bathroom, remove any unnecessary items from the countertops, tub, shower stall and commode top. Keep only the most necessary cosmetics, brushes, perfumes, etc., in one small group on the counter. Coordinate towels in one or two colors only.
- Take down, reduce, or rearrange pictures and objects on walls. Patch and paint all walls, if necessary.
- Paint any room needing paint.
- Clean carpet and drapes that need it.
- Clean windows.
- If you need room to store extra possessions use the garage or rent a storage unit.
- During showings, turn on ALL lights and lamps.
- Play light FM music every day in the house, for all viewings.
You should Stage your home to compete with the competition in the marketplace you must be priced right and look better than the other products. Your home is no different, it is one of many homes for sale and you must present it to the buyers in the best possible light.
Before you show your home to any potential buyer be sure to go through your whole house with your agent to finish the Staging process. Try to look at your house through a buyer's eyes, as though you have never seen it before. This exercise will help you see what needs to be done. Here are some quick tips.
- Clear all unnecessary objects from furniture throughout the house. . In general, a sparsely decorated home will help the buyer mentally 'move in' with their own things.
- Rearrange or remove some of the furniture in your home, if necessary. Many times home owners have too much furniture in a room. When it comes to selling your home, thin out overcrowded rooms to make the rooms appear larger.
- Clear all unnecessary objects from the kitchen countertops. If it hasn't been used for three months...put it away! Clear refrigerator fronts of messages, magnets, pictures, etc.
- In the bathroom, remove any unnecessary items from the countertops, tub, shower stall and commode top. Keep only the most necessary cosmetics, brushes, perfumes, etc., in one small group on the counter. Coordinate towels in one or two colors only.
- Take down, reduce, or rearrange pictures and objects on walls. Patch and paint all walls, if necessary.
- Paint any room needing paint.
- Clean carpet and drapes that need it.
- Clean windows.
- If you need room to store extra possessions use the garage or rent a storage unit.
- During showings, turn on ALL lights and lamps.
- Play light FM music every day in the house, for all viewings.
What to do with Stigmatized Properties?
Do you have to disclose these situations:
Your listing had a multiple murder or a suicide occured. Previous or current owner has AIDS?!?!
What part does disclosure play in these types of situations? How do you price or go about selling the property?
There are two types of stigmas: material stigmas and psychological stigmas. Material stigmas are the ones such as leaky roof, structural damage, asbestos, lead paint.
The other type of stigma, the psychological ostigma, is not so easy to define since it deals with individual perceptions of a situation or occurrence: murder, suicide, AIDS, criminal activity, ghosts or hauntings... Although they do not directly affect the physical condition of the property itself, some may think these occurrences play a part in the purchasing decision.
Illinois Law
Illinois License Law indicates that disclosure is only necessary when the stigma has an actual physical impact on the property itself. However, there somtimes there can be a fine line between something that actually impacts the property and something that does not. For example, what do you do when, say, a paroled sex offender lives in the neighborhood? It does not affect the physical condition of the property itself, but it may stigmatize the property. Probably, the best philosophy is if you are in doubt then disclose if disclosure does not affect a protected class like HIV positive individuals.
Your listing had a multiple murder or a suicide occured. Previous or current owner has AIDS?!?!
What part does disclosure play in these types of situations? How do you price or go about selling the property?
There are two types of stigmas: material stigmas and psychological stigmas. Material stigmas are the ones such as leaky roof, structural damage, asbestos, lead paint.
The other type of stigma, the psychological ostigma, is not so easy to define since it deals with individual perceptions of a situation or occurrence: murder, suicide, AIDS, criminal activity, ghosts or hauntings... Although they do not directly affect the physical condition of the property itself, some may think these occurrences play a part in the purchasing decision.
Illinois Law
Illinois License Law indicates that disclosure is only necessary when the stigma has an actual physical impact on the property itself. However, there somtimes there can be a fine line between something that actually impacts the property and something that does not. For example, what do you do when, say, a paroled sex offender lives in the neighborhood? It does not affect the physical condition of the property itself, but it may stigmatize the property. Probably, the best philosophy is if you are in doubt then disclose if disclosure does not affect a protected class like HIV positive individuals.
The Worst is Over
Many Realtors and Investors will be glad that 2006 is over. 2006 existing home sales were 9% lower than in 2005 while home-price appreciation closing out the year flat.
The good news is that the NAR reported that the market has essentially bottomed. That is good news for real estate professionals. Housing has weathered the storm, and down the road, it will be back to health.
The good news is that the NAR reported that the market has essentially bottomed. That is good news for real estate professionals. Housing has weathered the storm, and down the road, it will be back to health.
Friday, December 01, 2006
October 30-Year Mortgage Fixed Rate
According to Freddie Mac, the national average commitment rate for a 30-year, conventional fixed-rate mortgage was 6.36% in October, up from 6.07% in October 2005. September 2006 30-year conventional fixed-rate mortgage was 6.4%.
Existing Home Sales Held Steady in October
Sales of existing homes remained steady last month. This is another indication the housing market is transitioning into a more normal market in contrast with unsustainable activity last year.
Total existing home sales rose 0.5% to a seasonally adjusted annual rate of 6.24 million units in October from an upwardly revised pace of 6.21 million in September. Rates were 11.5% below the 7.05 million-unit level in October 2005.
Total existing home sales rose 0.5% to a seasonally adjusted annual rate of 6.24 million units in October from an upwardly revised pace of 6.21 million in September. Rates were 11.5% below the 7.05 million-unit level in October 2005.
Friday, August 04, 2006
Chrysanthemum: Official Flower of Chicago
On June 17, 1966 by resolution adopted in a City Council meeting, the chrysanthemum was designated the official flower of the City of Chicago in response to the request of the Committee on Beautification of Chicago
Source:
Chicago (Ill.). City Council. Journal of the Proceedings. 6/17/1966 p.6790.
City of Chicago, Municipal Handbook, p.D6.
Falcon Living, Chicago Real Estate Brokerage, as a supporter of environment would like to encourage the end users of Fluorite to help create a better environment in Illinois.
Source:
Chicago (Ill.). City Council. Journal of the Proceedings. 6/17/1966 p.6790.
City of Chicago, Municipal Handbook, p.D6.
Falcon Living, Chicago Real Estate Brokerage, as a supporter of environment would like to encourage the end users of Fluorite to help create a better environment in Illinois.
Wednesday, July 12, 2006
Cardinal: Official Bird of Illinois
Did you know that the official bird of Illinois is Cardinal. In 1928, Illinois schoolchildren selected the cardinal as the State Bird of Illinois. The State General Assembly made that designation official in 1929.
While Falcon Living Chicago Real Estate, holds the Pelegrine Falcon as its official bird, Partner, Mert Sahinoglu, will always keep this symbol of Illinois State University sports, close to his heart.
While Falcon Living Chicago Real Estate, holds the Pelegrine Falcon as its official bird, Partner, Mert Sahinoglu, will always keep this symbol of Illinois State University sports, close to his heart.
Fluorite: Official Mineral of Illinois
Did you know that the official mineral of Illinois is Fluorite? The General Assembly of Illnois established Fluorite as the state mineral in 1965. Illinois was the largest producer of Fluorite in the United States but the last mine has been closed in 1995. Fluorite is used in making steel, enamels, aluminum, glass, and many chemicals.
Falcon Living, Chicago Real Estate Brokerage, as a supporter of environment would like to encourage the end users of Fluorite to help create a better environment in Illinois.
Falcon Living, Chicago Real Estate Brokerage, as a supporter of environment would like to encourage the end users of Fluorite to help create a better environment in Illinois.
Thursday, July 06, 2006
Peregrine Falcon: Official City Bird of Chicago
It is a little known fact that the peregrine falcon is the official bird of Chicago.
The peregrine falcon edged out the cedar waxwing and four other candidates to become Chicago's first-ever Official City Bird in 1999. The Official Bird election was the brainchild of Chicago Audubon's Terri Likens. Terri learned of similar programs in Portland, Oregon and thought it would be a great way to raise public awareness of bird species in Chicago. The Chicago Department of Environment provided funding for ballots and campaign posters. Ballots were cast in genuine Board of Election voting booths October 16-22, 1999 at area parks, schools, museums, and cultural centers as part of Nature Week in Chicago. It has been the proud official bird of Chicago ever since then. We, at Falcon Living - Chicago Real Estate, officially declare Peregrine Falcon as our official bird and pledge to support environmental groups in creating more habitats for this magnificient bird.
The peregrine falcon edged out the cedar waxwing and four other candidates to become Chicago's first-ever Official City Bird in 1999. The Official Bird election was the brainchild of Chicago Audubon's Terri Likens. Terri learned of similar programs in Portland, Oregon and thought it would be a great way to raise public awareness of bird species in Chicago. The Chicago Department of Environment provided funding for ballots and campaign posters. Ballots were cast in genuine Board of Election voting booths October 16-22, 1999 at area parks, schools, museums, and cultural centers as part of Nature Week in Chicago. It has been the proud official bird of Chicago ever since then. We, at Falcon Living - Chicago Real Estate, officially declare Peregrine Falcon as our official bird and pledge to support environmental groups in creating more habitats for this magnificient bird.
Sunday, April 16, 2006
Benefits of Purchasing New Homes
While the record-setting pace of the last several years is leveling off, savvy consumers can take advantage of creative perks offered by many home builders today.
The past year was a remarkable one for home builders, but the extremely high sales numbers would be hard pressed to continue at that pace. While sales have slowed in the last few months, the market remains strong. Those in the market for a new home are also finding deals to good to pass up.
Buying a new home makes even more sense when you take into account that incentives and offers are giving consumers more flexibility at the bargaining table. Builders and developers have been offering home buying incentives including interest-rate reductions, prepaid homeowner association fees, cable TV and Internet access, appliances, price reductions and help with closing costs.
Search homes at Chicago Real Estate.
The past year was a remarkable one for home builders, but the extremely high sales numbers would be hard pressed to continue at that pace. While sales have slowed in the last few months, the market remains strong. Those in the market for a new home are also finding deals to good to pass up.
Buying a new home makes even more sense when you take into account that incentives and offers are giving consumers more flexibility at the bargaining table. Builders and developers have been offering home buying incentives including interest-rate reductions, prepaid homeowner association fees, cable TV and Internet access, appliances, price reductions and help with closing costs.
Search homes at Chicago Real Estate.
Rates Continue To Incline
According to Freddie Mac release, 30-year fixed-rate mortgage averaged 6.49%, with an average 0.6 point, for the week ending April 13, 2006. The 30-year FRM has not been higher since the week ending July 12, 2002.
The average for the 15-year FRM this week is 6.14%, with an average 0.5 point. The 15-year FRM has not been higher since the week ending June 13, 2002.
One of the causes of the mortgage rate increase is the unexpected drop in March’s unemployment rate. The drop indicates that there may be upward pressure on wages in the near future.
Search homes at Chicago Real Estate.
The average for the 15-year FRM this week is 6.14%, with an average 0.5 point. The 15-year FRM has not been higher since the week ending June 13, 2002.
One of the causes of the mortgage rate increase is the unexpected drop in March’s unemployment rate. The drop indicates that there may be upward pressure on wages in the near future.
Search homes at Chicago Real Estate.
Wednesday, March 29, 2006
Open House Tips
Spring's arrival kicks off the largest annual exchange of residential real estate in the United States. Open houses are as much a part of this ritual as cherry blossoms, your Saturday or Sunday best, and freshly mowed grass.
While great food won't sell a tired mid-century ranch, having food and beverages can make some buyers linger longer. Open houses can be tricky for those who don't entertain much, but lavish spreads say desperate to savvy homebuyers.
The Basics
Forget silverware. If a guest at your open house needs to use silverware to graze at your open house buffet, the food is too fussy.
Stage a pretty food and beverage station.
Utilize cocktail size napkins and plates. Smaller size plates and napkins send the signal that it's not a meal.
Place some scented votive candles around the table to make it feel extra special.
Bottled water is a must-have.
Coffee is natural with house hunters. If you don't want it consumed away from the station don't provide covers and sleeves.
Before your open house ask your agent or visit some other open houses in your community to see how many people attend.
No alcohol. Open houses are business events. If people drink they stay forever and forget why they came.
Search homes at Chicago Real Estate.
While great food won't sell a tired mid-century ranch, having food and beverages can make some buyers linger longer. Open houses can be tricky for those who don't entertain much, but lavish spreads say desperate to savvy homebuyers.
The Basics
Forget silverware. If a guest at your open house needs to use silverware to graze at your open house buffet, the food is too fussy.
Stage a pretty food and beverage station.
Utilize cocktail size napkins and plates. Smaller size plates and napkins send the signal that it's not a meal.
Place some scented votive candles around the table to make it feel extra special.
Bottled water is a must-have.
Coffee is natural with house hunters. If you don't want it consumed away from the station don't provide covers and sleeves.
Before your open house ask your agent or visit some other open houses in your community to see how many people attend.
No alcohol. Open houses are business events. If people drink they stay forever and forget why they came.
Search homes at Chicago Real Estate.
Home Sales Rising
Single-family home sales in Illinois reached a new high for the month of February, according to the Illinois Association of REALTORS. Single-family homes sales were up 4.4% in February, while total home sales were up 1.8% to 9,936 homes sold, compared to 9,759 homes sold in February 2005.
The Illinois median home price in February was $190,000, up 2.2% from $185,900 a year earlier. The median is a typical market price where half the homes sold for more, half sold for less. Year-to-date, home sales are down a fractional 0.2%, from 19,111 homes sold in 2005 to 19,078 in 2006.
Search homes at Chicago Real Estate.
The Illinois median home price in February was $190,000, up 2.2% from $185,900 a year earlier. The median is a typical market price where half the homes sold for more, half sold for less. Year-to-date, home sales are down a fractional 0.2%, from 19,111 homes sold in 2005 to 19,078 in 2006.
Search homes at Chicago Real Estate.
Wednesday, March 08, 2006
The Home Equity Line of Credit
Home equity lines of credit have become increasingly popular, and there are many types of loan programs available in this genre. This type of credit line is not meant for day-to-day expenses as a credit card would be, however, many consumers use their home as collateral to obtain an equity line of credit to pay for higher ticket items such as educational expenses or home improvements.
Borrowers may want to compare the advantages of a traditional second mortgage over an equity line of credit. But they should not compare these programs based on the Annual Percentage Rate (APR) alone. The APR in an equity line of credit is based only on the periodic interest rate, and does not include other charges such as points, maintenance fees or transaction fees. Conversely, a second Trust Deed takes all points, fees, and other charges into account when calculating the APR.
Search homes at Chicago Real Estate.
Borrowers may want to compare the advantages of a traditional second mortgage over an equity line of credit. But they should not compare these programs based on the Annual Percentage Rate (APR) alone. The APR in an equity line of credit is based only on the periodic interest rate, and does not include other charges such as points, maintenance fees or transaction fees. Conversely, a second Trust Deed takes all points, fees, and other charges into account when calculating the APR.
Search homes at Chicago Real Estate.
Saturday, January 14, 2006
Falcon Living Chicago Real Estate Office Move
Falcon Living Real Estate Brokerage has moved its Chicago offices to 2821 N. Halsted (Halsted and Diversey) to start the new year with a renewed energy and new contact numbers. You can reach us at phone number (773) 880-0800 and fax number (773) 880-0600. We look forward to seeing you there soon.
Search homes at Chicago Real Estate.
Search homes at Chicago Real Estate.
Wednesday, December 21, 2005
In's and Out's in Real Estate
IN: Smaller square footage homes, flat screen TVs, Quality kitchen cabinets, built-in home stereo systems, guest parking, dog parks and carbon monoxide detectors.
OUT: Awnings, gas grills, Stainless steel appliances, laminate flooring, single-rod closets, dark rooms with small windows, wallpaper, mirrored backsplashes and dropped ceilings.
Search homes at Chicago Real Estate.
OUT: Awnings, gas grills, Stainless steel appliances, laminate flooring, single-rod closets, dark rooms with small windows, wallpaper, mirrored backsplashes and dropped ceilings.
Search homes at Chicago Real Estate.
The 30-Year Mortgage
30-year fixed rate mortgage averaged 6.46 and 0.2 points for the North Central Region for the week ending Dec, 16. It was 6.42% and 0.3 points the previous week, according to the Federal Home Loan Mortgage Corporation. "Earlier in the week, interest rates were a bit higher, as financial markets were a little anxious about what language the Federal Reserve would use in its statement this month," said Frank Nothaft, Freddie Mac chief economist. "When the Fed signaled that its interest rate tightening may be coming to an end soon, the financial market breathed a sigh of relief, and rates eased somewhat."
Search homes at Chicago Real Estate.
Search homes at Chicago Real Estate.
Antitrust Suit Dismissed In Favor of NKAR
The U.S. District Court for the Eastern District of Kentucky dismissed an antitrust lawsuit brought by a real estate brokerage and its principal broker in northern Kentucky against the Northern Kentucky Association of Realtors. The plaintiffs claimed NKAR's rule requiring membership in a local Realtor association to access services of the MLS constitutes an unlawful tying arrangement and violates the federal Sherman Antitrust Act. The ruling was that the plaintiffs lack standing to bring an antitrust tying claim against the association because the harm the brokerage received.
Search homes at Chicago Real Estate.
Search homes at Chicago Real Estate.
Historically Strong Home Sales Expected In 2006
The housing market for 2005 is headed for a fifth consecutive annual record, and sales activity in 2006 is expected to be the second best year in history, according to the NAR. Existing home sales, expected to rise 4.7 percent to 7.10 million this year, are likely to decline 3.7 percent in 2006 to 6.84 million. New home sales, projected to increase 7.0 percent to 1.29 million this year, are forested to drop 4.8 percent to 1.23 million in 2006, also the second-best on record.
IAR Opposes Proposed Real Estate Advertising Rule
IAR has sent letters to IDFPR and to Governor Blagojevich opposing recently proposed rules regarding misleading advertising under the Real Estate License Act. The proposed rule states that the use of certain words in real estate “single-family” advertising is misleading and therefore a violation of the Act. The prohibited words and phrases include “apartment,” “two units,” “related living,” “in-law arrangement,” or “related apartment.”
Friday, December 16, 2005
Foreclosure Overview
What is Foreclosure?
Foreclosure is a process that allows a lender to recover the amount owed on a defaulted loan by selling or taking ownership of the property securing the loan. The foreclosure process begins when the borrower defaults on loan payments and the lender files a public default notice.
There are three buying opportunities as a result of the foreclosure process.
Pre-Foreclosure - NOD, LIS
Buying a property in pre-foreclosure involves approaching the borrower and offering to buy the property. The borrower can walk away with something to show for any equity in the property and avoid a bad mark on his or her credit history.
Auction - NTS, NFS
If the loan is not reinstated by the end of the pre-foreclosure period, potential buyers can bid on the property at a public auction. Buyers often are required to pay in cash at the auction and may not have much time to research the title and condition of the property beforehand. However, a public auction often offers some of the best bargains.
Bank-owned - REO
If the lender takes ownership of the property, either through an agreement with the owner during pre-foreclosure or at the public auction, the lender will usually want to re-sell the property to recover the unpaid loan amount. The lender will probably make sure the title is clear for any buyer, but the potential bargain is typically less than a pre-foreclosure or auction property.
Foreclosure is a process that allows a lender to recover the amount owed on a defaulted loan by selling or taking ownership of the property securing the loan. The foreclosure process begins when the borrower defaults on loan payments and the lender files a public default notice.
There are three buying opportunities as a result of the foreclosure process.
Pre-Foreclosure - NOD, LIS
Buying a property in pre-foreclosure involves approaching the borrower and offering to buy the property. The borrower can walk away with something to show for any equity in the property and avoid a bad mark on his or her credit history.
Auction - NTS, NFS
If the loan is not reinstated by the end of the pre-foreclosure period, potential buyers can bid on the property at a public auction. Buyers often are required to pay in cash at the auction and may not have much time to research the title and condition of the property beforehand. However, a public auction often offers some of the best bargains.
Bank-owned - REO
If the lender takes ownership of the property, either through an agreement with the owner during pre-foreclosure or at the public auction, the lender will usually want to re-sell the property to recover the unpaid loan amount. The lender will probably make sure the title is clear for any buyer, but the potential bargain is typically less than a pre-foreclosure or auction property.
Thursday, December 15, 2005
Real Estate Moves From "Banks & Real Estate" To "Professions"
The Illinois Department of Financial and Professional Regulation has reorganized its Real Estate Bureau (formerly the Division of Banks and Real Estate or DBRE) to fall under the Division of Professional Regulation.
Illinois Closing Costs Just Below National Median
According to Bankrate.com’s 2005 survey of lenders, which asked lenders from each state to estimate the closing costs on a $180,000 loan to a buyer with an excellent credit history who had made a down payment of at least 20 percent on a single-family home in the state's largest city (without taking taxes into account). Wyoming had the lowest mortgage-related fees at $2,101 and New York had the highest at $3,907. Illinois fees were $2,533. Nationally, the average fees and title insurance totaled $2,748 with a median of $2,669.
Home Sales Decline, Condo Sales Growth
Higher interest rates in October slightly cooled the single-family home market but did little to temper condo sales in Illinois. According to IAR, total home sales were 14,097 in October 2005, down 2.9 percent from 14,520 sales in October 2004. The Illinois median home price in October was $209,900, up 14.1 percent from $184,000 a year ago. Total home sales January through October show an overall increase of 2.5 percent. Statewide, condo sales were up 10.2 percent in October.
Illinois Home Sales Remain Strong
Illinois residential sales posted solid growth in the third quarter. Total home sales, which include single-family homes and condominiums, were up 3.9 percent in the third quarter of 2005. A total of 54,749 single-family homes and condominiums sold across the state in the third quarter of 2005. Year-to-date home sales for the first nine months of the year total 142,207.
10 best real estate books of 2005.
(from Inman News)
- Reverse Mortgages for Dummies by Sarah Glendon Lyons and John E. Lucas
- Building Wealth One House at a Time by John W. Schaub
- Start Small, Profit Big in Real Estate by Jay P. DeCima
- Trump Strategies for Real Estate: Billionaire Lessons for the Small Investor by George H. Ross
- Real Estate Dealmaking by George F. Donohue
- What No One Ever Tells You About Investing in Real Estate by Robert J. Hill
- The Pre-Foreclosure Property Investor’s Kit by Thomas J. Lucier
- Profit by Investing in Real Estate Tax Liens by Larry B. Loftis, Esq.
- What No One Ever Tells You About Renovating Your Home by Alan J. Heavens
- Every Landlord’s Tax Deduction Guide by Stephen Fishman Esq.
- Reverse Mortgages for Dummies by Sarah Glendon Lyons and John E. Lucas
- Building Wealth One House at a Time by John W. Schaub
- Start Small, Profit Big in Real Estate by Jay P. DeCima
- Trump Strategies for Real Estate: Billionaire Lessons for the Small Investor by George H. Ross
- Real Estate Dealmaking by George F. Donohue
- What No One Ever Tells You About Investing in Real Estate by Robert J. Hill
- The Pre-Foreclosure Property Investor’s Kit by Thomas J. Lucier
- Profit by Investing in Real Estate Tax Liens by Larry B. Loftis, Esq.
- What No One Ever Tells You About Renovating Your Home by Alan J. Heavens
- Every Landlord’s Tax Deduction Guide by Stephen Fishman Esq.
Tuesday, December 13, 2005
Make Any Room Look Bigger
You want to sell your home, but you have a small living room, bathrooms, or kitchen. What do you do?
You can easily make any room look larger or more attractive. The key is to get rid of clutter, clean everything down to the switch plates, and create a neutral space that buyers can picture themselves living in.
Buyers usually know what they see, not what could be. Put things away, bring the outside in like touches of greenery and nature and your rooms will look bigger.
The Living Room
Sometimes a lamp or piece of art is what you want people to see first, so that you’re immediately taking in the size of the room. If you have a fireplace or a view, direct the buyer’s eye to that as the focal point of the room. Make sure window coverings are sheer, or are pulled back, to bring more light in. Brighter rooms look bigger and more inviting. Scale the furniture to fit the size of the room and don’t block walking pathways. Having oversized sofas or too much furniture will make the living room look smaller. Having no more than three items on a coffee table and remove personal photos from the area. This will not only de-personalize it, but also help to clear up the clutter, which overwhelms a small room.
The Dining Room
Tables should be positioned for maximum effect in the dining room. You don’t need to have a lot of leaves in them with six or eight chairs. In fact, taking all the leaves out and making the dining table as small as possible will make the room look bigger. If there’s a heavy rug on the floor, take it out to create the illusion of more floor space. If there’s a China cabinet, keep a few pieces in it, but don’t fill it up with items. Overcrowding with too many items will overpower the room. Don’t bother setting the table, it just draws attention to the table, and not to the room. Over-accessorizing things makes it feel like a plastic model home. You want to simplify.
The Kitchen
The kitchen is the heart of the home, so make the investment to update an old kitchen. If the kitchen is dated, update it with new cabinet hardware or paint it. This will give it a more open, clean look. Clear off the counter as much as possible. Try not to have the coffee maker, mixer, and toaster all out at the same time or people will think there’s not enough room for everything. Decorate simply, using just a couple of cookbooks. Fill a pretty bowl with lemons or green apples and put it on the counter or a sideboard.
Clean wood cabinets with degreasers and then apply orange oil. Let the oil soak in a couple of hours, then wipe it off. It makes the cabinets look brand new. Clean the inside of the stove and refrigerator, and shine the counter tops, sinks, and faucets. When a kitchen is spic-and-span, buyers will focus on how great it looks rather than how small it is.
The Bedroom
The biggest no-no in the master bedroom is having a television set in the room. It’s not as important in the guest room or kids’ rooms, but you want to create a soft, romantic, relaxing space in the master bedroom. A television also adds more clutter to the bedroom and can potentially make a small room look more crowded. Use neutral colors on the wall and on the bed open up the room. Do not have busy wallpaper, which makes the room smaller. Get new bedding in light colors, and use throw pillows on the bed. Make sure all signs of daily life like ironing boards, laundry baskets, and clothes thrown on chairs are put away. Seeing things like that says to a buyer that you don’t have enough space in the closets.
The Bathroom
Bathroom shower curtains aren’t always to everyone’s taste, so pull the curtains back to maximize the view of the tub, which is what people want to see anyway. If your eyes can see all the way to the back of the tub instead of stopping at the shower curtains, the bathroom will appear bigger to buyers. If you don’t have glass shower doors, choose a light-colored or transparent shower curtain to make the room brighter and seem larger.
Clear off all the counters and for ambiance put out some fragrant candles, but don’t light them, unless it’s for an open house. Have some nice, colored soap in the dish, and use fresh flowers or live plants.
If the bathroom is in an upscale property, put a champagne bucket with glasses, or silver-backed mirrors and brushes on the counter to create a feeling of luxury. It’s not something you’d do in a $300,000 condo, but it’d be appropriate for a $3 million house.
Be sure to remove all area rugs to create the illusion of greater space and no covers on the toilet seat or rugs around the toilet. Make sure all the light bulbs are working, and are the same wattage.
Putting the Best Face Forward
It’s understandable for some sellers to be resistant to removing sentimental family photos or changing their favorite decorations before putting their homes on the market. However, if the items in question contribute to the rooms looking smaller and more cluttered and ultimately distracting potential buyers from seeing themselves living there, then removing or changing the décor is the best bet to a quick sell.
Your home is a product you’re marketing, so you need to make sure yours stands out.
You can easily make any room look larger or more attractive. The key is to get rid of clutter, clean everything down to the switch plates, and create a neutral space that buyers can picture themselves living in.
Buyers usually know what they see, not what could be. Put things away, bring the outside in like touches of greenery and nature and your rooms will look bigger.
The Living Room
Sometimes a lamp or piece of art is what you want people to see first, so that you’re immediately taking in the size of the room. If you have a fireplace or a view, direct the buyer’s eye to that as the focal point of the room. Make sure window coverings are sheer, or are pulled back, to bring more light in. Brighter rooms look bigger and more inviting. Scale the furniture to fit the size of the room and don’t block walking pathways. Having oversized sofas or too much furniture will make the living room look smaller. Having no more than three items on a coffee table and remove personal photos from the area. This will not only de-personalize it, but also help to clear up the clutter, which overwhelms a small room.
The Dining Room
Tables should be positioned for maximum effect in the dining room. You don’t need to have a lot of leaves in them with six or eight chairs. In fact, taking all the leaves out and making the dining table as small as possible will make the room look bigger. If there’s a heavy rug on the floor, take it out to create the illusion of more floor space. If there’s a China cabinet, keep a few pieces in it, but don’t fill it up with items. Overcrowding with too many items will overpower the room. Don’t bother setting the table, it just draws attention to the table, and not to the room. Over-accessorizing things makes it feel like a plastic model home. You want to simplify.
The Kitchen
The kitchen is the heart of the home, so make the investment to update an old kitchen. If the kitchen is dated, update it with new cabinet hardware or paint it. This will give it a more open, clean look. Clear off the counter as much as possible. Try not to have the coffee maker, mixer, and toaster all out at the same time or people will think there’s not enough room for everything. Decorate simply, using just a couple of cookbooks. Fill a pretty bowl with lemons or green apples and put it on the counter or a sideboard.
Clean wood cabinets with degreasers and then apply orange oil. Let the oil soak in a couple of hours, then wipe it off. It makes the cabinets look brand new. Clean the inside of the stove and refrigerator, and shine the counter tops, sinks, and faucets. When a kitchen is spic-and-span, buyers will focus on how great it looks rather than how small it is.
The Bedroom
The biggest no-no in the master bedroom is having a television set in the room. It’s not as important in the guest room or kids’ rooms, but you want to create a soft, romantic, relaxing space in the master bedroom. A television also adds more clutter to the bedroom and can potentially make a small room look more crowded. Use neutral colors on the wall and on the bed open up the room. Do not have busy wallpaper, which makes the room smaller. Get new bedding in light colors, and use throw pillows on the bed. Make sure all signs of daily life like ironing boards, laundry baskets, and clothes thrown on chairs are put away. Seeing things like that says to a buyer that you don’t have enough space in the closets.
The Bathroom
Bathroom shower curtains aren’t always to everyone’s taste, so pull the curtains back to maximize the view of the tub, which is what people want to see anyway. If your eyes can see all the way to the back of the tub instead of stopping at the shower curtains, the bathroom will appear bigger to buyers. If you don’t have glass shower doors, choose a light-colored or transparent shower curtain to make the room brighter and seem larger.
Clear off all the counters and for ambiance put out some fragrant candles, but don’t light them, unless it’s for an open house. Have some nice, colored soap in the dish, and use fresh flowers or live plants.
If the bathroom is in an upscale property, put a champagne bucket with glasses, or silver-backed mirrors and brushes on the counter to create a feeling of luxury. It’s not something you’d do in a $300,000 condo, but it’d be appropriate for a $3 million house.
Be sure to remove all area rugs to create the illusion of greater space and no covers on the toilet seat or rugs around the toilet. Make sure all the light bulbs are working, and are the same wattage.
Putting the Best Face Forward
It’s understandable for some sellers to be resistant to removing sentimental family photos or changing their favorite decorations before putting their homes on the market. However, if the items in question contribute to the rooms looking smaller and more cluttered and ultimately distracting potential buyers from seeing themselves living there, then removing or changing the décor is the best bet to a quick sell.
Your home is a product you’re marketing, so you need to make sure yours stands out.
Wednesday, December 07, 2005
Is Remodeling Worth the Hassle?
The demand for—and cost of—remodeling services can vary greatly within a given metro area.
The amount recouped for an actual remodeling project depends on the condition of the rest of the house, as well as the value of similar homes nearby, the availability of new homes, and the rate at which property values are changing. Location in an urban, suburban, or rural setting will also affect a home’s value.
In some cases, the value of the remodeling project at resale is more than 100 percent of its original cost. This usually happens in markets where property values are rising very rapidly, but it can also occur when buyers regard certain types of remodeling projects as “standard.”
For example, in a neighborhood where most homes have an updated kitchen, remodeling a kitchen may well increase the resale value of the home beyond the cost of construction. In some cases, in fact, not redoing the kitchen could cause the home to sit on the market for much longer than normal and to eventually sell for less than similar homes in the area.
Keeping up with the Joneses can be a savvy investment move. But ultimately, the best reason for a remodel is to enjoy it. - (from Realtor Magazine)
Visit Chicago MLS Search to search for listings in and around Chicago.
The amount recouped for an actual remodeling project depends on the condition of the rest of the house, as well as the value of similar homes nearby, the availability of new homes, and the rate at which property values are changing. Location in an urban, suburban, or rural setting will also affect a home’s value.
In some cases, the value of the remodeling project at resale is more than 100 percent of its original cost. This usually happens in markets where property values are rising very rapidly, but it can also occur when buyers regard certain types of remodeling projects as “standard.”
For example, in a neighborhood where most homes have an updated kitchen, remodeling a kitchen may well increase the resale value of the home beyond the cost of construction. In some cases, in fact, not redoing the kitchen could cause the home to sit on the market for much longer than normal and to eventually sell for less than similar homes in the area.
Keeping up with the Joneses can be a savvy investment move. But ultimately, the best reason for a remodel is to enjoy it. - (from Realtor Magazine)
Visit Chicago MLS Search to search for listings in and around Chicago.
Thursday, November 03, 2005
West Loop Art Galleries
Mert Sahinoglu, president of Falcon Living, in an interview with Emily B. York of Medill News Service (part of Northwestern University) has given an article about the affects of Art Galleries in Chicago West Loop Real Estate and Chicago River North Real Estate. The article discusses about the affects of art galleries starting up in West Loop on other retail stores in that neighborhood and a detailed comparison . You can check out the article at, This Link
Wednesday, October 05, 2005
Real Estate Bubble? Should You Buy?
In the past year, more than two thirds of those with an average income of about $150,000 either purchased a home or remodeled their existing home.
All this happened in during the current bubble debate? Why? Historically, home prices have been increasing each decade. Although no one can guarantee increase or decrease in home prices next year, if history is a guide home values will increase in the long-run. Any downturn in the real estate market will be followed by an upswing and the rich know it. Any down turn will be more than offset by the next upswing.
Visit Chicago MLS Search to search for listings in and around Chicago.
All this happened in during the current bubble debate? Why? Historically, home prices have been increasing each decade. Although no one can guarantee increase or decrease in home prices next year, if history is a guide home values will increase in the long-run. Any downturn in the real estate market will be followed by an upswing and the rich know it. Any down turn will be more than offset by the next upswing.
Visit Chicago MLS Search to search for listings in and around Chicago.
Tuesday, September 06, 2005
30-Year Fixed Rate Declining
The 30-year fixed-rate mortgage averaged 5.83 for the week ending September 2. It was 5.88%. High energy costs are part of the reason for the decline in bond yields, which typically means lower mortgage rates. Also, speculation that the Federal Reserve may soon take a break in raising short-term rates reduced upward pressure on long- and short-term interest rates. The devastation caused by Hurricane Katrina may mean that mortgage rates will fall even further in the coming days ahead. Go to Chicago MLS Search to search for a home in and around Chicago.
Friday, August 26, 2005
Chicago MLS Search
Dear Chicagoans and Relocators,
Search Chicago neighborhoods and Chicago Suburbs with our free MLS database. Please go to www.falconliving.com for Chicago real estate listings. You may also visit us at our Lakeview location at
3717 N. Ravenswood Avenue, Suite 219 E, Chicago, IL 60613.
We are the leading resource for Chicago Real Estate, and we have the most experienced chicago real estate agents. Falcon Living is a family owned real estate agency in chicago. We provide free MLS property search for all chicago real estate listings. Also, you could search chicago illinois real estate, chicago area real estate, Chicago Suburbs Real Estate, chicago residential real estate, chicago commercial real estate, chicago real estate broker, chicago homes for sale, home for sale in chicago, Lincoln Park Real Estate, Wrigleyville Real Estate, Lakeview Real Estate.
Falcon Living has Chicago real estate's largest and most recognized Property Search Engine. Please call us today to receive your free market analysis, home listings with pictures and virtual tour, community and mortgage information. Our Chicago Real estate and Brokerage Firm offers residential and multifamily listings and relocation services for the Chicago area including Uptown, Old Town, Lincoln Park, Gold Coast, Loop, Streeterville, Budlong Woods, DePaul.
Search Chicago neighborhoods and Chicago Suburbs with our free MLS database. Please go to www.falconliving.com for Chicago real estate listings. You may also visit us at our Lakeview location at
3717 N. Ravenswood Avenue, Suite 219 E, Chicago, IL 60613.
We are the leading resource for Chicago Real Estate, and we have the most experienced chicago real estate agents. Falcon Living is a family owned real estate agency in chicago. We provide free MLS property search for all chicago real estate listings. Also, you could search chicago illinois real estate, chicago area real estate, Chicago Suburbs Real Estate, chicago residential real estate, chicago commercial real estate, chicago real estate broker, chicago homes for sale, home for sale in chicago, Lincoln Park Real Estate, Wrigleyville Real Estate, Lakeview Real Estate.
Falcon Living has Chicago real estate's largest and most recognized Property Search Engine. Please call us today to receive your free market analysis, home listings with pictures and virtual tour, community and mortgage information. Our Chicago Real estate and Brokerage Firm offers residential and multifamily listings and relocation services for the Chicago area including Uptown, Old Town, Lincoln Park, Gold Coast, Loop, Streeterville, Budlong Woods, DePaul.
Wednesday, August 17, 2005
Record Homes Sales In The Second Quarter
According to the National Association of Realtors®, total existing-home sales were at the highest pace on record in the second quarter. National seasonally adjusted annual rate was 7.22 million units in the second quarter. This is an increase of 4.6% from the previous record of 6.9 million units in the second quarter of 2004.
David Lereah, NAR’s chief economist, said, “Record home sales are creating high demand for related goods and services, and they’re creating new jobs.” According to NAR President Al Mansell “Historically low mortgage interest rates and improving labor markets are giving our growing population the opportunity to make the transition from renting to owning."
Total existing-home sales in the Midwest, in the second quarter increased 1.6% to a 1.62 million-unit annual pace in comparison with a year ago.
David Lereah, NAR’s chief economist, said, “Record home sales are creating high demand for related goods and services, and they’re creating new jobs.” According to NAR President Al Mansell “Historically low mortgage interest rates and improving labor markets are giving our growing population the opportunity to make the transition from renting to owning."
Total existing-home sales in the Midwest, in the second quarter increased 1.6% to a 1.62 million-unit annual pace in comparison with a year ago.
Thursday, August 11, 2005
Housing Sector To Coast Near Record Levels
According to the National Association of Realtors®, home sales are expected to trend down from record levels during the second half of this year, but easily set annual records for both new- and existing-home sales.
The latest forecast shows that existing home sales are to increase 2.9% to 6.98 million for 2005, while new-home sales are seen to rise 4.8% to 1.26 million this year. Total housing starts – single-family and multifamily – should grow by 3.2 percent to 2.02 million units in 2005, the highest since 1978; single-family starts are projected to set a record of 1.67 million.
NAR President Al Mansell, of Salt Lake City, said housing shortages persist. “Because there is such a tight supply of homes available for sale, we’re now projecting the national median existing-home price this year to rise at a double-digit rate, which will be the strongest rate of price growth in 25 years,” he said.
The national median existing-home price for all housing types is forecast to rise 10.5% in 2005 to $204,600, while the median new-home price should increase 5.2% to $232,400.
The latest forecast shows that existing home sales are to increase 2.9% to 6.98 million for 2005, while new-home sales are seen to rise 4.8% to 1.26 million this year. Total housing starts – single-family and multifamily – should grow by 3.2 percent to 2.02 million units in 2005, the highest since 1978; single-family starts are projected to set a record of 1.67 million.
NAR President Al Mansell, of Salt Lake City, said housing shortages persist. “Because there is such a tight supply of homes available for sale, we’re now projecting the national median existing-home price this year to rise at a double-digit rate, which will be the strongest rate of price growth in 25 years,” he said.
The national median existing-home price for all housing types is forecast to rise 10.5% in 2005 to $204,600, while the median new-home price should increase 5.2% to $232,400.
Monday, August 08, 2005
AIDS Run & Walk Chicago
Let’s join to one of Chicago’s most meaningful activity. AIDS Run & Walk Chicago is a fundraising event in the fight against HIV/AIDS. It is fun and entertaining.
The length will be 5k Walk or Run and will keep you in shape while helping fight against the HIV/AIDS. Please join to AIDS Run and Walk and be proud to be part of this significant event.
There will also be water/aid stations and a post event concert by top name, national entertainment. Falcon Living Real Estate is proud to announce you this meaningful event. Please join our Chicago Real Estate Agents to support this wonderful cause.
The length will be 5k Walk or Run and will keep you in shape while helping fight against the HIV/AIDS. Please join to AIDS Run and Walk and be proud to be part of this significant event.
There will also be water/aid stations and a post event concert by top name, national entertainment. Falcon Living Real Estate is proud to announce you this meaningful event. Please join our Chicago Real Estate Agents to support this wonderful cause.
Riverview Music Fest
Riverview Music Fest
Date: August 19, 2005 - August 20, 2005
Time: Friday: 5-11pm; Saturday: 1-11pm
Location: 3301 N. Campbell (DeVry University Campus); Chicago
Beneficiary: Neighborhood Boys & Girls Club
Please join to Riverview Music Fest where every age of people joins. This community fest is to raise funds for the neighborhood Boys & Girls Club. This three-day event will include merchants, restaurants, arts, crafts and beer & wine vendors. There will be two stages of live entertainment.
Falcon Living Real Estate, LLC are proud to announce you Riverview Music Fest. Please visit our website for the best Chicago Real Estate Search Engine.
Date: August 19, 2005 - August 20, 2005
Time: Friday: 5-11pm; Saturday: 1-11pm
Location: 3301 N. Campbell (DeVry University Campus); Chicago
Beneficiary: Neighborhood Boys & Girls Club
Please join to Riverview Music Fest where every age of people joins. This community fest is to raise funds for the neighborhood Boys & Girls Club. This three-day event will include merchants, restaurants, arts, crafts and beer & wine vendors. There will be two stages of live entertainment.
Falcon Living Real Estate, LLC are proud to announce you Riverview Music Fest. Please visit our website for the best Chicago Real Estate Search Engine.
Friday, August 05, 2005
The Lung Run
The Lung Run
Chicago, IL
September 10, 2005
One of the Favorite Chicago Neighborhood events is about to start next month.
Chicago Lakefront (North Avenue Beach)
Grassy Field North of the South Field House, approximately 1700N. Stockton Drive.
Join Women Against Lung Cancer for inaugural Lung Run 2005, featuring a lakefront 5K run, walk and rally. This event will benefit Women Against Lung Cancer's Career Development Award, which provides protected time for young faculty researchers to ensure their commitment to and focus on lung cancer.
For more information, runner/walker registration, company sponsorship opportunities or to volunteer, please visit www.lungrun.org.
Chicago, IL
September 10, 2005
One of the Favorite Chicago Neighborhood events is about to start next month.
Chicago Lakefront (North Avenue Beach)
Grassy Field North of the South Field House, approximately 1700N. Stockton Drive.
Join Women Against Lung Cancer for inaugural Lung Run 2005, featuring a lakefront 5K run, walk and rally. This event will benefit Women Against Lung Cancer's Career Development Award, which provides protected time for young faculty researchers to ensure their commitment to and focus on lung cancer.
For more information, runner/walker registration, company sponsorship opportunities or to volunteer, please visit www.lungrun.org.
Thursday, July 28, 2005
Halsted Market Days
The 24th annual Halsted Market Days is a two day festival which occurs on August 6th and 7th from 11:00 a.m. until 10:00 p.m.
Located on Halsted between Belmont Avenue and Addison Street, there will be 40 musical acts on three stages, delicious food vendors, and an eclectic variety of arts and crafts. There will be music and food for every taste. So bring your friends, sunblock, and dancing shoes and get ready to have a fun time! There is a recommended fee of $6 in which proceeds go to The North Halsted Area Merchants Association. These donations help the community and boost the Lakeview Real Estate values with a strong commercial presence.
Saturday
• Roscoe Stage
1:30 p.m.: Swing Shift Orchestra
3 p.m.: Katie Todd Band
4:30 p.m.: Adam Richman
6 p.m.: Judybats
8 p.m.: Duncan Sheik
• Addison Stage
1:30 p.m.: Dan McGuinness
3 p.m.: Mandarico
5 p.m.: Cecilia
6:30 p.m.: Georgie Porgie
8 p.m.: TBA
• Belmont Stage
1:30 p.m.: Cat Fight
3 p.m.: Eric Himan
4:35 p.m.: R.O.T.C.(Righteously Outrageous Twirling Corps)
5 p.m.: Jinx Titanic
7 p.m.: Kimi Hayes
9 p.m.: Judy Tenuta
Sunday
• Roscoe Stage
12 p.m.: Lakeside Pride Jazz Band
1:30 p.m.: Adam & the Go Comets
3 p.m.: Dave Weld
4:05 p.m.: R.O.T.C. (Righteously Outrageous Twirling Corps)
4:30 p.m.: Lao Tizer
6 p.m.: Vanessa Davis Band
8 p.m.: Average White Band
• Addison Stage
12 p.m.: International Academy of Design and Technology Fashion Show
12:45 p.m.: Afro Rican Ensemble
2:30 p.m.: TBA
4 p.m.: Nino Astronauta
5:25 p.m.: R.O.T.C.(Righteously Outrageous Twirling Corps)
6 p.m.: Powder
8 p.m.: Whild Peach
• Belmont Stage
12 p.m.: Dropmore Scarlet
1:30 p.m.: TBA
3 p.m.: Zrazy
5 p.m.: Fruit
6:30 p.m.: Ember Swift
8:30 p.m.: Melissa Ferrick
Located on Halsted between Belmont Avenue and Addison Street, there will be 40 musical acts on three stages, delicious food vendors, and an eclectic variety of arts and crafts. There will be music and food for every taste. So bring your friends, sunblock, and dancing shoes and get ready to have a fun time! There is a recommended fee of $6 in which proceeds go to The North Halsted Area Merchants Association. These donations help the community and boost the Lakeview Real Estate values with a strong commercial presence.
Saturday
• Roscoe Stage
1:30 p.m.: Swing Shift Orchestra
3 p.m.: Katie Todd Band
4:30 p.m.: Adam Richman
6 p.m.: Judybats
8 p.m.: Duncan Sheik
• Addison Stage
1:30 p.m.: Dan McGuinness
3 p.m.: Mandarico
5 p.m.: Cecilia
6:30 p.m.: Georgie Porgie
8 p.m.: TBA
• Belmont Stage
1:30 p.m.: Cat Fight
3 p.m.: Eric Himan
4:35 p.m.: R.O.T.C.(Righteously Outrageous Twirling Corps)
5 p.m.: Jinx Titanic
7 p.m.: Kimi Hayes
9 p.m.: Judy Tenuta
Sunday
• Roscoe Stage
12 p.m.: Lakeside Pride Jazz Band
1:30 p.m.: Adam & the Go Comets
3 p.m.: Dave Weld
4:05 p.m.: R.O.T.C. (Righteously Outrageous Twirling Corps)
4:30 p.m.: Lao Tizer
6 p.m.: Vanessa Davis Band
8 p.m.: Average White Band
• Addison Stage
12 p.m.: International Academy of Design and Technology Fashion Show
12:45 p.m.: Afro Rican Ensemble
2:30 p.m.: TBA
4 p.m.: Nino Astronauta
5:25 p.m.: R.O.T.C.(Righteously Outrageous Twirling Corps)
6 p.m.: Powder
8 p.m.: Whild Peach
• Belmont Stage
12 p.m.: Dropmore Scarlet
1:30 p.m.: TBA
3 p.m.: Zrazy
5 p.m.: Fruit
6:30 p.m.: Ember Swift
8:30 p.m.: Melissa Ferrick
Fordham Spire
Chicago developer Christopher Carley has unveiled a proposal that sparked a new debate for the Chicago Skyline and Streeterville Real Estate. Fordham Spire, a 115-story spiral skyscraper over 2000 feet tall designed by Spanish-born famous architect Santiago Calatrava, is still waiting to have the finance deals to go through before the proposed construction starts. While Donald Trump, the competition to the new proposed tower with its own 92 story tall Trump Tower, has declared Fordham Spire economically unviable, many in the local real estate market disagree.
In an interview with NBC 5 Chicago, Mert Sahinoglu, president of Falcon Living, a premier Chicago Real Estate Agency, has commented positively on the new era of downtown Chicago and particularly Streeterville area. He commented on the fact that the Fordham Spire could be the bright jewel in the middle of some of the most luxurious condominium developments in Chicago Area. He said "We, Falcon Living Real Estate Professionals, would like to congratulate Mr. Carley and other fellow Chicago developers who make Chicagoans proud of the most beautiful metropolitan skyline in the world."
In an interview with NBC 5 Chicago, Mert Sahinoglu, president of Falcon Living, a premier Chicago Real Estate Agency, has commented positively on the new era of downtown Chicago and particularly Streeterville area. He commented on the fact that the Fordham Spire could be the bright jewel in the middle of some of the most luxurious condominium developments in Chicago Area. He said "We, Falcon Living Real Estate Professionals, would like to congratulate Mr. Carley and other fellow Chicago developers who make Chicagoans proud of the most beautiful metropolitan skyline in the world."
Wednesday, July 27, 2005
Venetian Night
This year celebrates Chicago's 48th Annual Venetian Night. Located in Monroe harbor, roughly 30 beautifully decorated boats, parade the lakefront. This year's theme is "Rock the Boat". Music will be brought to you by Grant Park Orchestra and WXRT 93.1.
Schedule of Events:
6:30 - The Grant Park Orchestra performs in Petrillo Music Shell
7:45 - The air-sea rescue re-enactment by The Chicago Fire Department and Police Marine Unit at Queen's Landing.
8:30 - The Boat Parade Begins
9:30 - Firework display accompanied by WXRT 93.1 music.
When - July 30th
Where - Monroe Harbor - 100 S. Lake Shore Drive
Directions - Monroe Street to Roosevelt Road along Lake Michigan
Cost - Free
This post is brought to you by Falcon Living- Chicago Real Estate Brokerage Firm.
Schedule of Events:
6:30 - The Grant Park Orchestra performs in Petrillo Music Shell
7:45 - The air-sea rescue re-enactment by The Chicago Fire Department and Police Marine Unit at Queen's Landing.
8:30 - The Boat Parade Begins
9:30 - Firework display accompanied by WXRT 93.1 music.
When - July 30th
Where - Monroe Harbor - 100 S. Lake Shore Drive
Directions - Monroe Street to Roosevelt Road along Lake Michigan
Cost - Free
This post is brought to you by Falcon Living- Chicago Real Estate Brokerage Firm.
Thursday, July 21, 2005
Chicago Museums and Culture
Chicago Museums and Culture gives a great boost to Chicago Downtown Real Estate and all over Chicago itself.
Shedd Aquarium
Adler Planetarium
Museum of Science & Industry
Art Institute of Chicago
Illinois Arts Council
Museum of Contemporary Art
Chicago Children's Museum
Chicago Public Library
Field Museum of Natural History
Glessner House Museum
Jane Addams Hull-House Museum
Oriental Institute Museum
Shedd Aquarium
Adler Planetarium
Museum of Science & Industry
Art Institute of Chicago
Illinois Arts Council
Museum of Contemporary Art
Chicago Children's Museum
Chicago Public Library
Field Museum of Natural History
Glessner House Museum
Jane Addams Hull-House Museum
Oriental Institute Museum
Chicago Sports Teams
Here are some of our favorite Chicago Sports teams. Every sports team gives a great value in Real Estate to its neighborhood. For example Cubs and Wrigley Field gives a great value to Lakeview Real Estate and a value boost to Wrigleyville Real Estate and Condos
Chicago White Sox
Chicago Bears
Chicago Blackhawks
Chicago Fire
Chicago Bulls
Chicago Wolves
Chicago White Sox
Chicago Bears
Chicago Blackhawks
Chicago Fire
Chicago Bulls
Chicago Wolves
Monday, July 18, 2005
Chicago Newspapers
Below is a list of Chicago Newspapers where you can find many Chicago Homes For Sale classified ads in the below listed papers.
Chicago Tribune
Chicago Reader
Chicago SunTimes
Daily Southtown
Chicago Tribune
Chicago Reader
Chicago SunTimes
Daily Southtown
Thursday, July 14, 2005
Free Credit Report
Every year you are entitled to get one free copy of your credit report. It is a good idea to get a copy of your credit report prior to purchasing a home. By doing so, you will be able to review any information that may not be correct.
If there is any incorrect information in your credit report, you could file a dispute. Either the credit bureau will correct or delete the information or they will report to you why the information is correct.
Below are the credit reporting agencies that you could request a copy of your credit history today. You should know that it is your right and responsibility to ensure the information in your credit report is accurate. This will be the first step on your Chicago Real Estate Search by Falcon Living Real Estate
Trans Union – Chicago, IL based
Post Office Box 2000
Chester, PA 19022
(800)-916-8800
www.transunion.com
Equifax Credit Information Services, Inc
P.O. Box 740241
Atlanta, GA 30374
(800)-685-1111
www.equifax.com
Experian – Orange Co., CA
(888)-397-3742
www.experian.com
Also, you could go to www.annualcreditreport.com
If there is any incorrect information in your credit report, you could file a dispute. Either the credit bureau will correct or delete the information or they will report to you why the information is correct.
Below are the credit reporting agencies that you could request a copy of your credit history today. You should know that it is your right and responsibility to ensure the information in your credit report is accurate. This will be the first step on your Chicago Real Estate Search by Falcon Living Real Estate
Trans Union – Chicago, IL based
Post Office Box 2000
Chester, PA 19022
(800)-916-8800
www.transunion.com
Equifax Credit Information Services, Inc
P.O. Box 740241
Atlanta, GA 30374
(800)-685-1111
www.equifax.com
Experian – Orange Co., CA
(888)-397-3742
www.experian.com
Also, you could go to www.annualcreditreport.com
Chicago Real Estate Agents
Falcon Living, one of Chicago's premier real estate agencies is looking for new Chicago Real Estate Agents. Falcon Living, LLC is a family-owned Real Estate Brokerage and one of the fastest growing Real Estate companies in Chicago. The company is seeking new agents and experienced veterans to join our successful and supportive team. If you are interested in being part of something truly special visit the company website at Real Estate Agent Wanted or email the company at careers@falconliving.com.com
Wednesday, July 13, 2005
Chicago Parks
There are quiet a few Chicago Parks to entertain the citizens and to help the valuation of your Chicago Real Estate with zoos, water parks, etc. Below is a small sample of that.
Millenium Park
Lincoln Park Zoo
Brookfield Zoo
Chicago Botanic Garden
Chicago Park District
Morton Arboretum
Millenium Park
Lincoln Park Zoo
Brookfield Zoo
Chicago Botanic Garden
Chicago Park District
Morton Arboretum
Monday, July 11, 2005
Top 10 Homeowner Deductions
Before selling your Chicago Condo or Chicago Loft, you might want to consider the Top 10 Homeowner deductions below.
1. No Income Taxes On Capital Gains
If the seller owned and occupied the home as a principal residence during any two of the last five years, the owner can be exempt from paying capital gains tax up to $250,000. If married this exemption is doubled to $500,000.
2. Home Improvements
You can't deduct expenses associated with home improvements. However, making improvements may increase the price of your home.
3. Mortgage Interest is Tax Deductible
If you qualify, the interest on the loan of your primary residence is tax deductible.
4. Tax-Breaks for Home Refinancers
If you refinance your home, you may be able to write-off the points paid for the new loan.
5. Deductible Loan Points for Homebuyers
You may be able to deduct the points you pay at closing when buying your home.
6. Vacation Homes
You can deduct some of the costs associated with owning a vacation home, such as real estate taxes, personal property taxes, mortgage interest, and points.
7. Home Office
If you have a qualified office in your home, you may be able to deduct costs associated with maintaining the portion of your home exclusively used for business.
8. Real Estate and Property Taxes
State and local property taxes can be deducted as an expense against income.
9. Limited Moving Expense
Homeowners who have recently relocated for work may be able to write off the cost of moving.
10. Health-Related Improvements
Any home improvements for medical purposes may be deducted entirely from your taxes.
1. No Income Taxes On Capital Gains
If the seller owned and occupied the home as a principal residence during any two of the last five years, the owner can be exempt from paying capital gains tax up to $250,000. If married this exemption is doubled to $500,000.
2. Home Improvements
You can't deduct expenses associated with home improvements. However, making improvements may increase the price of your home.
3. Mortgage Interest is Tax Deductible
If you qualify, the interest on the loan of your primary residence is tax deductible.
4. Tax-Breaks for Home Refinancers
If you refinance your home, you may be able to write-off the points paid for the new loan.
5. Deductible Loan Points for Homebuyers
You may be able to deduct the points you pay at closing when buying your home.
6. Vacation Homes
You can deduct some of the costs associated with owning a vacation home, such as real estate taxes, personal property taxes, mortgage interest, and points.
7. Home Office
If you have a qualified office in your home, you may be able to deduct costs associated with maintaining the portion of your home exclusively used for business.
8. Real Estate and Property Taxes
State and local property taxes can be deducted as an expense against income.
9. Limited Moving Expense
Homeowners who have recently relocated for work may be able to write off the cost of moving.
10. Health-Related Improvements
Any home improvements for medical purposes may be deducted entirely from your taxes.