Has the market shifted in your city?

Many areas of Northern Illinois are in sellers markets. A sellers market occurs when it takes less than 5 months to absorb the current housing inventory. Many cities are at or below 5 months.

If your city has inventory that takes less than 5 months to sell your property should sell quickly. If it hasn’t sold consider your price. Price, location and condition are major factors in selling a home. Sellers can change the price and condition but can’t easily change the location of the home.

If you are testing the market with a higher price you will eventually chase the market. Consider your current mortgage payment if you need to sell quickly price at market value. If you price it to high you will pay a mortgage each month it hasn’t closed. Why spend more money on a mortgage when you can drop the price and move on to the new home.

Need to see it on paper? Ask me and we will run the number. Let’s make sense of your home sale.

REALTOR Party Convention 2014

REALTOR Party Convention 2014, formerly,  Midyear,  is happening the week of May 11th – 17th where real estate agents from all over the United States will come to Washington DC to meet with members of Congress, lobby and learn.;

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for live updates. Click now for the live information.

I am one of the bloggers for the event. Live blog

My Furnace Died on the Coldest Day of the Year!

Yes, Real Estate Agents aren’t immune to wear and tear on equipment in their homes.  This winter my furnace died during the coldest day of the year.  It took 2 days to replace the furnace.  Thank the Lord for a fire place!

Two weeks later the water tank needed a new igniter.  5 days without a warm shower.  I had to boil water for 4 days. The 1st day I took a cold shower.  That was too difficult.  Oh! I had to boil water for 4 people.  Not fun.

Why am I sharing this?  To help you.  Make sure your furnace, air-conditioner, and hot water tank are checked annually.   Avoid the cold days at home, the hot weather and the cold shower.   Keep your equipment in working order.  Don’t get caught in the cold.

 

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