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Spring 2019…Off to a Running Start-Chicago Real Estate

Despite the mild wind and cold weather experienced earlier this season, the Chicago real estate market continues on a warm spring 2019 driven path. The median Chicago home price surged with an annual increase of 12.1%. Interest rates remain attractive as the monthly average commitment rate for a 30-year, fixed-rate mortgage for the North Central- Chicago region was 3.32 percent in April 2019, according to the Federal Home Loan Mortgage Corp.

Buyers are already expelling pent-up action and are out in force. Sellers are seeing the benefits of listing NOW, as demand/ideal Chicago market conditions continue to benefit all parties involved. Don’t get left behind…Jump in now!

 

Ian Schwartz with The Ian Schwartz Group, reports that “everything we touch turns to SOLD”. So far this year, Ian and his team have sold over $50 million dollars in real estate units in the city of Chicago. As a recipient of Coldwell Banker’s International President’s Premier award, Ian and his team remain client centered, attentive, sincere, tenacious, and knowledgeable; with an end result of top producing, top performing, high-ranking Chicago residential real estate results. For more information on The Ian Schwartz Group visit HERE and HERE.

 

 

 

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Be Ready for The 2019 Spring Market in 3 Steps – Chicago Real Estate Experts

Selling a home may not happen overnight. To maximize your sale price, stand out from the competition and sell quickly, your home needs to go on the market in tip-top condition.

Prepping the home rarely happens in one weekend. It takes time and thoughtful planning. Having an experienced, highly skilled Chicago real estate professional as your trusted guide certainly helps.  If you intend to sell your Chicago home this spring, here are a few steps you need to consider right now:

Stash your stuff

As you prepare to sell, think of your home as an investment and start to see it through the eyes of potential buyers and the market. When you’re trying to sell your home, the less-is-more approach applies.

Put away big furniture and personal items. Store or put away all the things you won’t be using until you move into your new home. In the kitchen, make space in the cabinets for items you will need to use daily, but will want to put away for showings.

Paint, clean and make small improvements

It’s common for sellers to make cosmetic improvements before they list. Kitchens and bathrooms can sell a home. Plan to have the bathroom grout cleaned and have some parts of the house painted to give it a fresh look.

Consider cleaning rugs, refinishing hardwood floors or painting kitchen cabinets. If you plan to list in the spring, you likely have an outstanding local Chicago real estate agent on your side by now. Get their advice and ask for referrals to do the work. There are lots of inexpensive contractors who can help spruce up your home quickly.

Research like a buyer

  • Today’s buyers have research in their DNA and will investigate all they can. Check with your local building department and ensure there are no outstanding issues with your home.
  • Verify that property records reflect your home accurately, and prepare to remedy any discrepancy. Make sure your title report is clean, and talk about potential disclosure items with your trusted Chicago real estate agent. Banks won’t lend if there are outstanding issues, and you don’t want to jump through hoops at the eleventh hour. Researching now will keep you one step ahead of the buyers.
  • The sale of your home is likely one of your biggest financial transactions. Get a real estate agent on your team early, and make a list of all the tasks you need to complete before listing this spring. Now is the time to have those discussions. Smart planning and a good strategy will ensure a quick, painless and profitable home sale. More tips can be found HERE

April 2019 – Ian Schwartz with The Ian Schwartz Group is prepared to take spring on by storm! With an ongoing client-centered approach to top producing, high ranking Chicago real estate performance, Ian and his team combine experienced real estate strengths to ensure that your overall real estate transactions are outstanding! More information on Ian Schwartz and his dynamic group HERE and HERE…”everything we touch turns to SOLD!”

4 Reasons Why 2019 IS The Year to Make a Move – Chicago Real Estate Experts

Chicago….If you’ve been on the fence about buying a home, 2019 will be the year to take the plunge! See below on why:

1. Rents will still hurt

Celebrate 2019 with The Ian Schwartz Group – Coldwell Banker 

Rent prices are expected to continue to climb in the new year, which means in most cities like Chicago, buying will be cheaper than renting. Even though mortgages could get more expensive, buying might still be the better deal. Interest rates would need to rise to around 6.5% for the cost of buying to equal that of renting on a national level, according to housing economists at Trulia.

2. Home prices will finally calm down

Real estate values have been on the rise for a while, but are likely to slow their pace next year. Prices are expected to rise 3.5%, according to Zillow’s Chief Economist.

Buyers who’ve been stuck behind the wave of rising prices may finally get the chance to jump in. And that could lead to a flood of buyers, said chief economist at Realtor.com.

“We have the potential for about six million home sales just through the months of April through September; that is basically impossible to do,” he said. But not everyone will be in a position to take advantage. Despite the slowdown, Zillow still expects home values to outpace wage growth, which can make it tough to afford a home, especially for lower-income buyers. Plus, prices in the country’s hottest markets — like San Francisco, Boston and New York City — aren’t expected to pull back as much next year.

3. More homes will hit the market

The slowdown in home prices will prompt more owners to list their homes, Smoke said, giving buyers more choice. “Because of the price appreciation they have experienced, you will have more sellers put homes on the market next year,” he said.

Related: How to buy a home without a 20% down payment

The new home market is also expected to grow in the coming year with builders focusing more on the starter and middle-range homes, which will also boost inventory and make it easier for buyers.

With more homes on the market, bidding wars will become less common and prices could ease even more.

4. Dirt cheap mortgages could disappear

The Federal Reserve is widely expected to begin increasing interest rates soon, which means the window for record low mortgage rates is closing. While rates are expected to go up gradually, higher rates push up borrowing costs and monthly mortgage payments. More details can be found HERE.

With over $50,000,000 sold in 2018, Ian Schwartz with the Ian Schwartz Group is determined to once again surpass expectations in 2019! By providing outstanding, client-driven service, Ian and his team pride themselves on leaving no stone upturned until each and every real estate transaction are done earning trust, loyalty, and friendship of those they assist. See why in 2019…everything we touch turns to SOLD!

 

 

4 Advantages to 2018 Autumn Home Buying-Chicago Real Estate

Do you know that the Chicago real estate market and 2018 conditions are also influenced by the seasons?

Right next to spring, fall is one of the busiest Chicago real estate time-frames of the year. Although you can buy and sell houses at any time, the 2018 fall Chicago real estate market offers certain benefits to home buyers and sellers, including year-end tax breaks, pleasant weatherFallRealEstate conditions for moving, and often a wider selection of houses. If you are shopping for a home during the fall and don’t want to miss out on a great opportunity, it’s a good idea to explore the possibility of pre-qualifying for a loan and to know what type of Chicago home you’re looking for and what you can realistically afford to buy.

Down below are the basic 4 benefits you can expect to enjoy during the autumn months:

 Getting Ahead of Mother Nature

Buying a house before the deep freeze of winter sets in is very appealing to most home buyers. Low temperatures and poor weather conditions make moving more difficult. No one wants to worry about icy roads, snowstorm warnings or blackout conditions on moving day. Furthermore, by wintertime, most kids have settled into school, established friendships, and become involved in extra-curricular activities. By moving in early autumn, not only do you avoid interrupting your children’s schooling (or higher educational pursuits in the case of teen and adult family members), but you gain the added benefit of eluding the sweltering summer heat.

 Historically more home-buying choices

Given that home buying and selling is at a peak during the fall season, the real estate world often becomes a highly competitive arena. While there may be added pressure to buy due to the quicker turnaround of houses on the market, at the same time you also benefit from the wider selection of homes available during this period. In fact, between the months of September and December, you may be fortunate enough to visit several open houses in a single day. Therefore, to make sure you don’t miss out on finding your dream house, it’s a good idea to examine the classified ads more often since the listings are updated more frequently.

 End-of-year tax breaks when closing

Come September and October, people are already starting to think about what year-end tax breaks they may be eligible for. Fortunately for homebuyers, owning a home can yield great dividends in tax returns. For example, both mortgage interest and property taxes are deductible from gross income. Furthermore, if you have prepaid some interest before the due date of your first payment and you close your loan before the year’s end, that amount will also be deducted.

 **An autumn tip to note

Given that fall is the second busiest season of the year for buying and selling houses, you may be tempted to put a bid on a home that is out of your price range for fear that another buyer will better your offer or snatch it before you. Carefully assess your financial situation ahead of time and before your feet hit the pavement.

Ian Schwartz with The Ian Schwartz Group, a top-selling Chicago real estate agent, one of the highest producing Realtors in the nation, consistently the #1 agent in Resale Sales Volume averaging more than 50+ million dollars in sales per year, knows Chicago real estate. He and his team are committed to listening and analyzing the needs of both buyers and sellers. They enjoy giving conscientious service and earning trust, loyalty, and friendship, all while providing concrete real estate results. They are located in one of the United State’s top ranking Coldwell Banker residential real estate offices-Lincoln Park Plaza – Clybourn Office, Illinois 60614-5881. More information HERE and HERE

 

Top Summer 2018 Remodel Projects That Produce the Biggest Bang for Your Buck-Chicago Real Estate

RemodelingIt’s summer time, often an opportunity to update, change and add on to a Chicago home. But which one provides the biggest bang on home improvement ROI? Below is a list that breaks it down and sheds some light:

Chicago homeowners who updated their most frequented rooms and those who added on more living space often enjoyed the biggest return on investment, according to Remodeling Online’s latest Cost vs. Value Report. The annual report is the result of responses from 300 real estate professionals in 60 markets nationwide. Remodeling Online asked the pros what level of return a given remodeling job would provide if the house were sold within one year of the work. On the average nationwide, kitchen and bath remodels along with second-story, bath, family room and master suite additions were rated tops. Experts say newness and spaciousness are key.

From a minor kitchen remodeling job’s return of 88 percent to a 71 percent return on both a major kitchen remodeling job and a master suite addition, here’s a look at what gives you the top five best returns for your money. Maintenance-related jobs are excluded. For periods longer than a year between the remodeling work and the home sale, expect smaller returns.

Although the data is updated annually, the figures below should give you a general idea of what return you’ll get on your improvements.

 Best Returns:

Home Improvement Job Cost Resale Value Cost Recouped
Minor Kitchen Remodel $17,928 $15,278 85.2%
Window Replacement (Wood) $11,040 $9,416 85.3%
Bathroom Remodel $12,918 $10,970 84.9%
Window Replacement (Vinyl) $10,160 $8,500 83.7%
Two-story Addition $105,297 $87,654 83.2%
Major Kitchen Remodel $54,241 $43,603 80.4%
Attic Bedroom Remodel $44,073 $35,228 79.9%

Source: Remodeling Online/Hanley-Wood.

Resale/Selling Value Tip:

The psychology of newness and more spacious quarters translates into top resale value when several conditions work in conjunction:

  1. Curb Appeal
  2. Remodeling to Existing Standards
  3. Quality of Work

Ian Schwartz with The Ian Schwartz Group is among Chicago’s top selling Realtors.  Look to him and his team this summer 2018 to provide unparalleled client-centered service, dedication, passion, and top producing results; all while working to earn the trust, loyalty and friendship of each and every buyer or seller they represent. More info HERE

Curb Appeal Holiday Quiz 2017-Chicago Real Estate

A job that should be done year round… the upkeep of curb appeal, a Chicago property staple for many. Take the Chicago curb appeal quiz (Holiday edition) and see if you’re keeping up with the 2017 season:

1. Driving home at night, you see a wide variety of Chicago outdoor decorations and cozy lit details. You then:

a. Enjoy the display and feel connected to the Chicago community.

b. Wonder how some people can afford to pay their electric bills!

c. Wishing your Chicago home looked that awesome!

2. The day after your holiday feast finds you:

a. Looking at a pile of dirty dishes and wondering if friends or family will help tackle them.

b. Reaching for your antacids and the remote.

c. Putting up your front yard holiday decorations.

3. You pull up in front of your Chicago home on a dark, windy and snowy night, and immediately:

a. Feel slightly uncomfortable that the front of the house hasn’t been tended to since the summer.

b. Are glad it gets dark early and you have no lighting to call attention to your home?

c. Feel a thrill of pride at living in a warm and welcoming Chicago home, graciously lit and beautifully decorated; ready for visitors, friends, family even buyers or sellers of Chicago real estate!

The following are tips especially for those of you who enjoy your holiday cheer — those who answered “b” we are talking to you! Make your Chicago home a joy to come home to and above all get noticed for all the right reasons:

• Light strands with battery packs make it possible to light potted porch plants with no fuss.

• Use battery-operated candles to create fire-safe luminaries to light your paths and driveway.

• Be sure outdoor lighting is on after dark. A timer or photocell can help with this.

• A natural wreath on the door made of fresh winter berries and foliage is a beautiful addition to any home. Colored garland over the doorway creates an added sense of welcome.

• Add a welcome mat, it helps keep your homes interior cleaner, and sends an instant assuring message when someone enters the home. More info HERE and HERE

 Happy Holidays from Ian Schwartz and The Ian Schwartz Group! Remember…everything we touch turns to SOLD!

Top Questions to Ask at an Open House – Chicago Real Estate Experts

When you’re looking to buy something as expensive as a home (when else do you drop hundreds of thousands of dollars without missing a beat?), there’s no room for error. Most of us are familiar with the idea of window-shoppingopen-house — browsing through the racks on the off chance you’ll find a diamond in the rough….which brings us to the subject of real real estate open houses; every open house presents an opportunity to land that hidden gem, or to sniff out an overpriced dud? The best way to take advantage of this personal meeting is by being prepared. Get the inside scoop by asking questions. Remember visiting an open house  gives the prospective buyer, an opportunity to speak directly to the seller’s agent or direct team/staff member(s). Use the opportunity to ask some basic questions:

What’s the seller’s timeline?

Sometimes sellers choose a buyer’s offer simply because of timing. Perhaps they want to sell quickly because of a job offer, or delay the sale so their kids can finish the school year.

The more you know about what the sellers want, the more easily you can work around it — and put together a tempting offer while getting a good deal on the price.

Where can I get a bite to eat?

Getting directions to a local eatery or coffee shop will tell you a lot about your neighborhood. If there’s a retail strip close by that locals frequent and feel proud of, chances are, you’ll love it too.

What are the neighbors like?

Is the neighborhood kid-friendly? Are there lots of retired people? Is there a thriving bar scene on the weekends?

Some people are fine doing their own thing and don’t require (or want) a tight-knit neighborhood. But other people are much happier if they’re surrounded by kindred souls who are in a similar stage of life. The seller’s agent will be able to give valuable information about the people you’d be rubbing shoulders with, if you choose to buy.

And don’t forget: While open houses are great venues to ask questions and listen, be careful not to give away more than you want to about your own situation. Being discreet about your finances and how much you love the home will benefit you when it’s time to bargain for a good price.

How many offers have been made?

Does the agent look happy? Maybe even … suspiciously happy? Is she distracted, perhaps not giving you the “hard sell”? She might have received word that an offer is coming in any minute.

Make sure to anticipate the conversation by asking her directly how many offers have been made on the home so that you can negotiate accordingly.

Has the asking price fluctuated?

Your agent can find out how many times the price has shifted since the home was first listed, but the seller’s agent will likely jump at the chance to explain why. Perhaps the price dropped because the seller has to move on a tight timeline.

Info like this might even clue you in that the list price is somewhat flexible — and you can use that to your advantage when it’s time to draft your offer letter. See more tips and suggestions HERE

September 2015 –  A recent rating of Ian with The Ian Schwartz Group…”Ian really shines and his mental rigor as a former lawyer came into play.  He is a masterful and brilliant negotiator.  For this reason alone, it would be a mistake not to hire Ian if you are looking to purchase a new house.  Ian does not stop working for you until….” See this recent review of Ian HERE

 

 

 

 

5 Reasons the Market Will Rock in 2015-Chicago Real Estate Trends

PredictionsThe Chicago real estate market is expected to build momentum across the board in 2015, mostly because of a forecasted strengthening economy.

Nationally, after a slight slowdown in the market in 2014, housing analysts and economists have high hopes for this new year. Here’s a recap of some of the real estate predictions for 2015:

Rent rises to outpace home-value growth: Rents likely will continue to rise in the new year, and an increase in rental costs in 2015 could outpace annual home-price gains. Expect the rental market to remain a “landlord’s market” in 2015, with vacancy rates expected to stay below 5 percent in the new year, according to the National Association of REALTORS®. That should lead to demand pushing rents up even higher and keeping them above inflation, notes NAR Chief Economist Lawrence Yun. Apartment rents are projected to increase 4 percent in 2014 and 4.1 percent in 2015.

Stronger economy leads to greater confidence: A stronger economy will likely lead to more demand for housing in 2015. “Overall, the economy finally appears to be gaining enough momentum to help provide the support that the housing market has needed for stronger recovery,” Sam Khater, deputy chief economist at CoreLogic, notes in the company’s 2015 Housing Outlook. “The combination of stronger employment growth and especially Millennial job growth makes for solid footing for the real estate market.

Millennial force: Younger professionals are having more luck in the job market, which is expected to help more of them jump into home ownership in the new year. Overall, employment is on the rise, but jobs for Millennials — particularly those aged 25 to 29 — has risen by 3 percent. That’s one percentage point above the nationwide rate. According to some forecasts, Millennials are expected to drive two-thirds of household formations over the next five years.

New-home sales rebound: Single-family new-home starts barely budged in 2014 compared to 2013, and new-home sales remain far from normal levels. But that could finally turn around in 2015. Sales of new homes are expected to rise 25 percent as single-family construction picks up traction in 2015. The National Association of REALTORS® projects single-family housing starts to rise to 820,000 in 2015.

Drop in oil prices will boost housing: Oil prices have plunged 45 percent since June, which could inadvertently provide a lift to the housing market. “Households in the U.S. spend more than $1,800 on energy-related costs annually, and 22 percent of that energy consumption is due to residential real estate,” according to CoreLogic’s 2015 Housing Outlook. “So while the drop in oil prices typically has been linked to a reduction in driving-related expenses, it clearly also reduced energy-related expenses for residential real estate.” More insight seen HERE

January 2015- A new year creates a greater motivation for Ian Schwartz with The Ian Schwartz Group to exceed top producing, high ranking results seen in 2014 with even better real estate performance this year. With a client centered approach, Ian and his team members Jenna Plakas, Victor Elting, Wendi Gordon Shelist, and Michael Shin combine talented forces to ensure that your overall Chicago real estate experience is outstanding.  If you are a buyer, no stone will be left unturned to find you the perfect home. If you are a seller, Ian and his team will pour their hearts and souls into effectively marketing your home internationally online and in print to have it seen by the largest audience possible. Happy New Year Chicago! #CBRocks!

Home Rocks! New Coldwell Banker TV Ad

What does “HOME” mean to you? With a brand new year, now is one the best times to sell or buy Chicago real estate. Rates are low and inventory is surging up. With the Ian Schwartz Group you will have every base covered. Relocating to Chicago? Thinking of moving to a larger property or even downsizing? Are you a first time home buyer? Do you have an interest in or maybe would like more information about, Gold Coast, Old Irving Park Old Town, Bucktown, Lincoln Park, Lakeview, Roscoe Village, , Wicker Park, Streeterville, Lincoln Square, Ravenswood, Andersonville, River North, River East, , North Center, Logan Square, West Loop, South Loop, Loop, Lakewood Balmoral, Edgewater, River West, Uptown, West Ridge, Rogers Park, or Evanston? With over a decade of premier, top performing, nationally recognized client centered service, Ian Schwartz has been the number one agent in Resale Sales Volume in the Lincoln Park Plaza office, averaging more than 25 million dollars in top ranking sales performance per year. He and his team ensure that your overall real estate experience is outstanding. He and his high performing Chicago real estate group call Coldwell Banker’s Lincoln Park Plaza office (1840 N Clark St, Chicago, Illinois 60614-5881) home base.

Coldwell Banker Wenatchee

See why #HomeRocks in the latest ad from Coldwell Banker Real Estate that features the Motley Crue song, Home Sweet Home.

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Four Signs That You’re Ready To Buy A Home

No time like the present, even during the holidays. This may be one of the best times of the year to buy or sell Chicago Real Estate. The Ian Schwartz Group, has been a trusted, top-selling Chicago resource for over a decade. Look to them for expertise in combining forces to ensure that your overall real estate experience is seamless.Victor Elting and Jenna Labinger assist in the daily happenings at the Chicago-Lincoln Park Coldwell Banker nationally high ranking office and in following through on all aspects of each real estate transaction.

If you are a Chicago buyer, no stone will be left unturned to find you the perfect home. If you are a Chicago seller, Ian and his team will pour their hearts and souls into effectively marketing your property online and in print to have it seen by the largest possible audience, locally and across the country.