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June 18, 2007Housing blues dip to 16 year-lowAssociated Press
Housing developers are being squeezed by tighter lending standards for borrowers trying to get mortgage loans. In response to weak demand, developers are cutting prices and offering buyer incentives to cope with a mounting supply of unsold homes, the National Association of Home Builders said Monday. The trade group's housing market index, which tracks builders' perceptions of current market conditions and expectations for home sales over the next six months, fell to 28, the lowest reading since February 1991, the NAHB said. Wall Street had expected a reading of 30, according to the consensus forecast of Wall Street economists surveyed by Thomson/IFR. Ratings higher than 50 indicate positive sentiment about the market. The seasonally adjusted index has been below 50 since May 2006. The continuing slump is bad news for housing developers like Lennar Corp., D.R. Horton Inc., Pulte Homes Inc., Centex Corp. and Toll Brothers Inc., the largest U.S. homebuilders by market value. The index has been sliding since March as demand for new housing slumped amid a rise in defaults for borrowers with weak, or subprime, credit. "It's clear that the crisis in the subprime sector has prompted tighter lending standards in much of the mortgage market," David Seiders, the group's chief economist, said in a statement, adding that rising interest rates have also eroded demand. Home sales will continue to decline in the months ahead, he said, and housing starts are not expected to improve until next year, he said. Sales of new homes, which represent about 15 percent of all home sales, surged in April, but median prices fell 11 percent from the previous month as builders slashed prices. Mortgage giant Freddie Mac reported last Thursday that 30-year, fixed-rate mortgages averaged 6.74 percent,the highest level in 11 months. Meanwhile, the troubled market for homebuyers with weak, or subprime, credit has hampered investors in mortgage securities who bought loans backed by subprime mortgages. Moody's Investors Service said Friday it downgraded 131 mortgage investments tied to subprime loans. Moody's said the downgrades were a result of a higher-than-expected default rate among second mortgages issued to subprime borrowers last year and stemmed from "an environment of aggressive underwriting." The Mortgage Bankers Association reported last week that the percentage of payments that were 30 or more days past due for subprime adjustable-rate mortgages jumped to nearly 16 percent in the first quarter, the highest number on record. Foreclosure filings, meanwhile, were up 90 percent in May compared with last year, according to industry data firm RealtyTrac Inc. Copyright © 2007, Chicago Tribune Posted by at 10:31 PM
March 09, 2007Chicago Loftswww.greatchicagorealestate.com/map.php *Beds/Baths Posted by at 07:40 PM
March 07, 2007You have to see to believe!
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Avondale Beauty Under 300K...
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University of Chicago Students and Staff!
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February 26, 2007My new listing...
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February 16, 2007Chicago Realtors, Join Our Team!Aggressive marketing tools: *Top ranking web placement State of the art technology: *Dynamic CRM interface *Health care options Please contact Justin at 773.496.4111 Posted by at 09:24 PM
February 12, 2007chicago commercial real estate...Are you looking for 5+ apartment rental buildings, mixed use buildings, warehouse buildings, or commercial listings? If so, please let me know your requirements and I will email you a list of properties. Please include purchase price, area, type of building, timeframe, pre-approved, and whether or not you're working with an agent. www.greatchicagorealestate.com/chicago_investment_properties.htm Posted by at 10:20 PM
Open Houses in ChicagoLet me know where your looking, your price range, number of bed/bath and I'll email you a list of open houses. If your curently working with a 'buyers agent' please let me know. happy house hunting... Ron Knoll @ 773 330-2353 cell Posted by at 10:18 PM
Relocating to Chicago?If you're looking for a great condo in Chicago and want to be close to theater, restaurants, Lake Michigan, or Michigan Ave. shops, then just shoot me a email with your needs. Please include: *Beds Posted by at 10:08 PM
January 17, 2007#1 out of 28 MILLION sites!Wow, nice to be on top of the hill looking down:) Congrats Brent, good stuff! www.google.com/search?hl=en&lr=&q=chicago+real+estate&btnG=Search And Go Bears!!! Posted by at 11:46 AM
January 15, 2007Ukrainian Viilage Condos, Ukrainian Village Real Estate!Ukrainian Village... "The Ukrainian Village District contains an excellent cross-section of residential building types that provides a visual history of immigration settlement on Chicago's Near West Side. Together, they form an important residential streetscape, one that tells the story of German, Polish, and, ultimately, Ukrainian immigrants who settled in the area throughout the late 1800s and early 1900s. An extremely well-preserved collection of workers cottages, two- and three-flats, single family residences, and large apartment buildings, nearly one out of every three of the buildings in the district was developed by the early influential Chicago real estate developer William D. Kerfoot. The first real estate developer to reestablish his business after the Great Fire in 1871, Kerfoot became the embodiment of the "I Will" spirit of Chicago. He reopened his office the day after the fire ended with a sign on his door reading: "W.D. Kerfoot. All gone but , wife, children and energy." These unpretentious residences feature distinguished workmanship and finely crafted details."
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January 08, 2007Chicago LoftsIf you're looking for lofts in Chicago, you've found the right place! So please shoot me an email or give me a call. I just need a few things: area, price, bed/bath, parking, pets, and time frame. Then I'll email you some loft listings and set up showings if any of them look good. Also, please indicate if your currently working with a real estate agent, thanks! Here are some different types of Lofts in different parts of the City. www.greatchicagorealestate.com/chicago_lofts_page_two.htm# Posted by at 07:07 PM
Commercial Real Estate ChicagoBest site on the net for every commercial listing in the MLS, go to: www.greatchicagorealestate.com/search_chicago_mls.htm Posted by at 07:04 PM
Chicago Buyers & Sellers, Did you know...THE coolest way to search for homes in Chicago! Logging in allows you to view 100% of the listings. Non log-in sites provide you with 60% of the listings in the MLS. Something to consider when searching for your next home!!! www.GreatChicagoRealEstate.com Posted by at 06:52 PM
Price Change! Amazing Home in Elgin...Reduced to $324,900. Welcome home! This Valley Creek single-family has just been meticulously rehabbed and is ready for a new owner. Want to know what's been done? Where do we start... How about the new kitchen. Everything is brand new: maple cabinets, stainless steel appliances, sink, pantry, and gorgeous granite counter tops. The master bath has been transformed into your own personal spa. Floor to ceiling travertine tile makes this a true 'master bath'. New vanity and toilet finish off a glorious transformation to this bathroom. The cozy family room has vaulted ceilings, new mantle, carpet, ceiling fan, and provincial brick fireplace. The rehab doesn't stop there... New paint, roof, carpet, light fixtures on the first floor, and hardwood floors in the entry, half bath, eat-in area, and kitchen. New mini-blinds, upgraded second bath including vanity, mirror, cabinet, and travertine tile and new hardware. The lower level has it's own frig and oven, can we say 'perfect in law'! Or use it as an amazing t.v. and entertainment room. The lower level is also complete with it's own full bath. Tons of storage and light complete this lower level. This beautiful home sits on an enormous corner lot. The expansive backyard is a gardeners dream. Close to the Metra, I-90, schools and shops. All you need to do is move in! Posted by at 06:49 PM
December 19, 2006Commercial Real Estate ChicagoBest site on the net for every commercial listing in the MLS, go to: www.greatchicagorealestate.com/search_chicago_mls.htm Any questions or showing requests, call me. Posted by at 03:35 PM
December 13, 2006Ron's New Listing!WWW.GREATCHICAGOREALESTATE.COM (go to featured listings...) FORMERLY USED AS A SCHOOL. ZONED B1-1 WITH A TON OF POSSIBILITIES. SOLD 'AS IS'. PARKING FOR 8-10 CARS. WILL NOT LAST, HURRY... Posted by at 04:39 PM
December 11, 2006Chicago Real EstateThe only site you'll ever need! Period www.GreatChicagoRealEstate.com Posted by at 10:08 PM
December 09, 2006Did you know...That Chicago web sites that don't require you to sign-up for their MLS search (IDX) only provide you with 60% of the listings that are available in the MLS. Our web site at www.GreatChicagoRealEstate.com will provide you with 100% of the listing by only providing an email and password (VOW). That easy! Enjoy your search...
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December 08, 2006Open House 12/10 from 12-2. East Village Duplex-Up with Skyline Views!1035 N. PAULINA #C. ULTRA RARE EAST VILLAGE 2 BED/2.1 BATH DUPLEX-UP W/ONLY THE FINEST FINISHES SS SUBZERO&BOSCH,1.25 GRANITE,CHERRY CABS,CUSTOM WNDW TREATMENTS,MARBLE BTHS, JACUZZI&BODY SPRAYS. WALNUT STAINED OAK FLRS,AMAZING VAULTED LR CEILINGS,TWO HUGE DECKS&ROOF RIGHTS FOR AMAZING ENTERTAINING.ORGANIZED CLSTS&GRG PKG 1.5 BLKS-DIVISION, 2.5 BLKS-BLUE LN & 30 SECS-XPRESSWAY!! Posted by at 04:56 PM
November 30, 2006East Village Duplex-Up with Skyline Views! Not on the MLS till Monday!AMAZING & RARE EAST VILLAGE DUPLEX-UP W/ONLY THE FINEST FINISHES: STAINLESS STEEL SUBZERO, & BOSCH, 1.25 GRANITE, CHERRY CABINETS, CUSTOM WINDOW TREATMENTS, MARBLE BATHS, JACUZZI & BODY SPRAYS. WALNUT STAINED OAK FLOORS, AMAZING VALUTED LIVING ROOM CEILINGS,TWO HUGE DECKS & ROOF RIGHTS FOR AMAZING ENTERTAINING. ORGANIZED CLOSETS & GARAGE PARKING 1.5 BLOCKS TO DIVISION, 2.5 BLKS TO BLUE LINE & 30 SECONDS TO THE EXPRESSWAY!! AND DID I MENTION THE OUTDOOR HOT TUB WITH SKYLINE VIEWS... WOW! GO TO WWW.GREATCHICAGOREALESTATE.COM 'FEATURED LISTINGS' for pics... Posted by at 09:47 AM
November 14, 2006Elgin Single Family, Open House 11/19 from 11-2$329,000 4 bed/3.1 bath. 563 Shenandoah Trail in Elgin. Open 11-2 on Sunday 11/19. see you there! Posted by at 06:58 PM
November 10, 2006chicago commercial real estate...Chicago Investment Properties! To search for 2-4 flats, apartment buildings, office buildings or any other type of investment property in Chicago, it's just a matter of changing your search criteria when searching the multiple listing service. 1. Location. What part of the city do you want to search? It's usually best to start by choosing a county, and if too many results are returned, then choose specific areas within that county. The database is only as smart as complete as the agent who entered the data. Many agents don't enter the specific area of the city where the property is located, they simply enter the address and county. By searching by county first, you are assured that you are seeing ALL properties for sale. 2. Property Type. You MUST choose the type of property you seek, your choices are: Multi-Family 5+ Units 3. Save Search. Once the search is run, and if you are happy with the results, save the search and choose to have the results of that search emailed to you each day. Each day when the system is updated with the latest listings that have been bought or sold, the system will automatically run your search and notify you of any new results which match your search criteria! Ready to Search? Click on the button below. www.greatchicagorealestate.com/search_chicago_mls.htm Posted by at 05:08 PM
Illinois Real EstateFor real estate that goes way, way beyond... happy house hunting! Posted by at 04:36 PM
November 05, 2006North Shore Homes and Estates...www.GreatChicagoRealEstate.com Posted by at 09:35 PM
Chicago Condos#1 Web Site in Chicago! Amazing 'Loft Section', Commercial Listings, Cool Blog, Featured Listings, Search for a second home in Michigan, & Useful 'Neighborhood Information' www.GreatChicagoRealEstate.com
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October 24, 2006Lincoln Park Real EstateLincoln Park Illinois Real Estate
Lincoln Park prides itself to be one the most attractive neighborhoods in Chicago. It not only has elegant houses, but also boasts of great location and view. Lincoln Park draws its name from being ‘the happening place’ from many angles. There are a number of exciting sports to indulge and the beautiful area surrounding it gives a surreal feeling to the residents. The economy in Lincoln Park is fast paced, and one finds to their surprise that you can get anything that you would get in the big cities right there in Lincoln Park. Its fame of being a fun place maybe it is derived from the fact that it is populated mainly by youngsters who have established themselves in the recent years. Being a young community it enjoys life and promotes a culture of healthy economic competitiveness, which gives it its fast pace. The beauty of its locale is owned to the fact that Lincoln Park was almost a century back a multiple amalgamation of orchards. It was in the late 1970s that the Government applied itself to transform this area into a homestead location. Real estate in Lincoln Park will suit every pocket and definitely every taste. It has apartment buildings as well as condominiums. However, the majority of the houses are apartments of maximum four floors, each consisting of two or three apartments. Another characteristic of Lincoln Park is row houses which have a long attachment of rooms. These are the most expensive. The housing price ranges between $600,000 to $2 million. Lincoln Park has a great variety of houses available for rent as well. The most favorite and sought after rental properties are the apartments having two to three bedrooms. These range between $1200 to $2500 per month. Most of the se apartments are built in such a way that each has a lake view. This arrangement is actually one of the most attractive parts of Lincoln Park housing lots. The houses are regularly renovated and the outward appearance of the residential areas is exquisite. The only downside here is that most of the buildings do not permit parking. The Lincoln Park has six hospitals in its area, and as many as eight schools. It also prides itself with the presence of the De Paul University. For entertainment, there are a few famous parks in the area: the free Lincoln Park Zoo and the Lincoln Park Conservatory, and Oz Park. Besides, the inmates enjoy fishing, swimming, golf course and a great variety of international cuisine. A novelty, Lincoln Park has a Theatre on the Lake. Posted by at 06:45 PM
October 23, 2006Wicker Park RealtorWicker Park Realtor, for hire... Whether looking for a loft, condo, or single-family, call the Wicker Park expert. *Member of the Bucktown/Wicker Park Chanmber of Commerce Posted by at 03:55 PM
October 22, 2006Luxury Homes in Chicago2nd home in Chicago...
way, way beyond ordinary real esatate... www.GreatChicagoRealEstate.com Posted by at 10:04 PM
October 18, 2006Chicago Lofts...If you're looking for lofts in Chicago, you've found the right place! So please shoot me an email or give me a call. I just need a few things: area, price, bed/bath, parking, pets, and time frame. Then I'll email you some loft listings and set up showings if any of them look good. Also, please indicate if your currently working with a real estate agent, thanks! Here are some different types of Lofts in different parts of the City. Posted by at 06:43 PM
Illinois Real Estate#1 Web Site in Chicago! Amazing 'Loft Section', Commercial Listings, Cool Blog, Featured Listings, Search for a second home in Michigan, & Useful 'Neighborhood Information' www.GreatChicagoRealEstate.com Posted by at 06:39 PM
October 15, 2006Chicago LoftsIf you're looking for lofts in Chicago, you've found the right place! So please shoot me an email or give me a call. I just need a few things: area, price, bed/bath, parking, pets, and time frame. Then I'll email you some loft listings and set up showings if any of them look good. Also, please indicate if your currently working with a real estate agent, thanks! Here are some different types of Lofts in different parts of the City. www.greatchicagorealestate.com/chicago_lofts_page_two.htm# Posted by at 12:13 PM
Vacant Land ChicagoWe're your 'Chicago Dirt Merchants', Realtors for hire! Are you a builder or developer looking for vacant land, tear-downs, or development sites? Then I'm the agent to talk to! Please let me know what type of construction you would like to do (single-family, condos, mixed-use, or large scale hi-rises), price, area, and required land square footage, and I'll email you a list of great lots. If you're currently working with an agent, please let me know. Posted by at 12:06 PM
1031 Exchange ChicagoLet me help you identify the properties for your 1031! Every commercial and investment listing on the MLS, and access to two major commercial MLS's. Best site on the net for every commercial listing in the MLS, go to: www.greatchicagorealestate.com/search_chicago_mls.htm Any questions or showing requests, call me. Posted by at 12:03 PM
October 12, 2006Commercial Properties Chicagowww.greatchicagorealestate.com/search_chicago_mls.htm Enjoy the search! Posted by at 03:34 PM
October 07, 2006Need a list of open houses for the weekend?Let me know where your looking, your price range, number of bed/bath and I'll email you a list of open houses. If your curently working with a 'buyers agent' please let me know. happy house hunting... www.GreatChicagoRealEstate.com Posted by at 02:23 AM
October 05, 2006Chicago Real EstateWhen choosing an agent, don't you want to know how much they've sold in the last 5 years? Someone who has been recognized by the Chicago Association of Realtors for their sales volume. Someone who knows the market and is the top in his/her field. You should! When making the biggest purchase of your life, don't leave it up to someone whose had their license for a year or sells real estate part time. When your ready to get started, give me a call. My sales record sells it all! Over 17 Million sold in 2002, top 1% of Realtors in Illinois! Posted by at 11:59 PM
October 01, 2006Illinois Real EstateThe only bookmark you'll ever need for real estate in Illinois! www.GreatChicagoRealEstate.com way, way beyond... Posted by at 10:07 PM
September 28, 2006Chicago '1031 Exchange'Let me help you identify the properties for your 1031! Every commercial and investment listing on the MLS, and access to two major commercial MLS's. Best site on the net for every commercial listing in the MLS, go to: http://greatchicagorealestate.com/search_chicago_mls.htm Any questions or showing requests, call me. Posted by at 12:57 PM
September 20, 2006Chicago Commercial Real Estatehttp://www.greatchicagorealestate.com/chicago_investment_properties.htmWe have the knowledge, skill, experience, moxy, tools and resources to get it done. Just let us know: What Area, Price Range, Type of Property, Type of Business, Square Footage, Timeframe, and if you are Currently Working with an Agent. And we'll work accordingly. Posted by at 10:20 PM
September 04, 2006Thinking of buying a second home in Chicago?http://www.GreatChicagoRealEstate.com #1 Web Site in Chicago! Amazing 'Loft Section', Commercial Listings, Cool Blog, Featured Listings, & Useful 'Neighborhood Information' http://www.GreatChicagoRealEstate.com for all your real estate needs... Posted by at 06:44 PM
August 17, 2006Relocating to Chicago?If you're thinking of relocating to the Windy City, just shoot me an email or give me a call. I just need a few things: area, price, bed/bath, parking, pets, and time frame. Then I'll email you some cool listings and set up showings if any of them look good. Also, please indicate if your currently working with a real estate agent, thanks! http://www.greatchicagorealestate.com Posted by at 04:52 PM
August 08, 2006Need a bigger house?Family growing? Need more storage? Less stairs? Different school system? Considering a move to the burbs? If so, let me know. I can send you listings that fit your future needs. Just email me the following: area, price, bed/bath, parking, pets, etc. Also let me know if you're currently working with a Realtor. Thanks! www.greatchicagorealestate.comPosted by at 01:39 PM
August 01, 2006We have a position open for an 'office manager'. Prefer a licensed Illinois Realtor. So give us a call if you're not happy where you are now or would like to learn in a fast paced office environment. A little about us: We are seeking creative, innovative and experienced agents who would like to work from our beautiful office located centrally near downtown Chicago or from their homes in Chicago and its neighboring suburbs. We provide our agents an environment in which they can thrive and succeed. We employ the latest and greatest high-tech tools, such as IP phones, smart phones, a wireless office and paperless files, so that our agents can work smarter while they’re working harder. Our website partner, https://www.GreatChicagoRealEstate.com is the number one real estate website in Chicago, providing us with the ability to offer agents unlimited qualified leads. Be part of the BUZZ in the real estate community! real estate that goes way, way beyond... Posted by at 01:06 PM
July 05, 2006I'm engaged!Wow! Can't believe it but she said 'yes' So it looks like I'm going pro... More details to follow. Ron Posted by at 07:01 PM
June 30, 2006June 26, 2006Taking chances...Every day, you'll have opportunities to take chances and to work outside your safety net. Sure, it's a lot easier to stay in your comfort zone.. in my case, business suits and real estate.. but sometimes you have to take risks. When the risks pay off, that's when you reap the biggest rewards. quote from Donald Trump Posted by at 05:47 PM
Happy that Chicago ranks 38th in the World!World's priciest city? Try Moscow By Madlen Read
The Russian capital moved up three spots from a year ago because of a recent property boom, according to a survey released Monday, while the Japanese capital slipped to third place because of the weaker yen. Seoul ranked second on the list, up from fifth last year. The survey by Mercer Human Resource Consulting ranked 144 cities around the world, measuring the comparative cost of more than 200 items such as housing, transportation and food. The survey is aimed at helping multinational employers determine compensation for their expatriate workers. With cities around the world increasingly expensive for expatriates--notably cities in developing countries--employers may need to re-examine compensation and benefits for their workers, said Rebecca Powers, a senior consultant at Mercer. "As we see more and more movement into these emerging markets, a lot of those programs need to be looked at," Powers said. Overall, foreign exchange rate fluctuations were behind the majority of the changes in ranking. But in Moscow's case, costs were buoyed by the surging price for large living accommodations. Prices for big houses rose about 50 percent over the past year, driven in large part by soaring demand from expatriates, Powers said. "It reflects a much bigger demand for palatable housing for someone coming into Russia trying to replicate the housing they had at home," she said. After Moscow, Europe's priciest cities were London, ranked No. 5 overall, and Geneva, ranked No. 7. European cities tended to fall in the rankings this year because of a weakening euro. New York, ranked No. 10, up three spots from last year, remains North America's costliest city, followed by Los Angeles and San Francisco. Chinese cities, including Hong Kong at No. 4, Beijing at No. 14 and Shanghai at No. 20, climbed the list mostly because of the yuan's strength after being depegged from the U.S. dollar. With the Brazilian real rising about 20 percent versus the U.S. dollar over the past year, Brazilian cities Sao Paolo and Rio de Janeiro surged to No. 34 and No. 40 from No. 119 and No. 124, respectively. "What's so interesting now is that we do see, year to year, more fluctuation in these rankings than we used to," Powers said. "The investment and flow of capital and businesses into developing countries has made them a bit more expensive." Companies likely will have to pay expatriate employees more to retain them and may want to consider working harder to hire staff locally in the long term to help alleviate relocation costs, Powers said. The least-expensive city surveyed was Asuncion in Paraguay. - - - 50 most expensive cities 1. Moscow 2. Seoul 3. Tokyo 4. Hong Kong 5. London 6. Osaka, Japan 7. Geneva 8. Copenhagen 9. Zurich 10. Oslo 10. New York 12. St. Petersburg, Russia 13. Milan, Italy 14. Beijing 15. Istanbul 15. Paris 17. Singapore 18. Dublin 19. Sydney 20. Shanghai 21. Rome 21. Kiev, Ukraine 21. Vienna 24. Tel Aviv 25. Helsinki, Finland 25. Dubai, United Arab Emirates 27. Douala, Cameroon 28. Taipei, Taiwan 29. Los Angeles 30. Abu Dhabi, United Arab Emirates 31. Lagos, Nigeria 32. Beirut 32. Hanoi 34. Sao Paolo, Brazil 34. San Francisco 36. Stockholm 37. Ho Chi Minh City, Vietnam 38. Chicago 39. Miami 40. Rio de Janeiro 41. Lusaka, Zambia 41. Amsterdam 43. White Plains, N.Y. 44. Shenzen, China 45. Abidjan, Ivory Coast 45. Dakar, Senegal 47. Toronto 48. Jakarta, Indonesia 48. Bratislava, Slovak Republic 50. Prague, Czech Republic Source: Mercer Human Resource Consulting Copyright © 2006, Chicago Tribune Posted by at 03:32 PM
May 16, 2006News in Bucktown & Wicker ParkNews from the West Town Chamber of Commerce... DOMINICK'S DEVELOPMENT 5/1/06 Dominick's closed on the last piece of the land assembly (Perez property) necessary for them to proceed with the development. Having now invested well in excess of $1.5M on the project, the company is anxious to take the next step in the planning process. They estimate approximately 12 weeks to complete their plans and a further 60 days in the final building permit process. Subject to formal parent company approval, they are hopeful to begin construction soon, with a planned opening for late this year. THE HISTORY:
Construction has begun on the street improvement project for Chicago Avenue (between Laramie and Milwaukee Avenues). The 1st segment of the construction took place between Grand Avenue and Damen Avenue. The second phase of construction began in March '06 from Damen Avenue east to Milwaukee Avenue and from Laramie Avenue east o Grand Avenue. They will be working on one half of the street at a time - so there will be just one lane for each direction of traffic on Chicago Avenue within the work zones. The curb line will remain in place, pavement will be resurfaced to improve drainage, light poles will get painted, some sidewalks and curbs will get repaired, and signals will be updated at Noble, Ashland, Paulina, Wood, Damen, Leavitt, Oakley, Western, Rockwell and California. CDOT expects to finish all construction by July 2006. To review, CDOT held a public meeting to present plans for improving Chicago Avenue between Milwaukee and Laramie in January 2003. Many residents and business owners were in attendance and it was clear that the majority had concerns in regards to one aspect of the plan: to widen the street thus reduce sidewalk width. Widening of the street was one of the Federal guidelines for the project in order to increase safety; however the majority of WTCC members did not want to see a reduction in sidewalk width nor a reduction in parking in order to accomplish this. The WTCC sent a letter to CDOT sharing our members' concerns; and CDOT shared our concerns with IDOT; thus IDOT approved to keep the existing cross sections of sidewalk on Chicago Avenue between the Kennedy and Pulaski. For more information call Mae Whiteside at CDOT 312-742-8122. www.westtownchamber.org/page2.html Posted by at 06:58 PM
May 15, 2006Bucktown CondosAre you looking to buy a condo or loft in Bucktown/Wicker Park? If so, please email me your price range, bed/bath, parking, pets and your time frame. I will then email you a list of great properties. If your currently working with an agent, please let me know. for all your real estate needs... www.greatchicagorealestate.com/Comm_Bucktown.htm Posted by at 05:30 PM
May 08, 2006Buyers Agents in Chicago...15 BENEFITS OF WORKING WITH A BUYER’S REPRESENTATIVE 15 things your agent should be doing for you: per Realtor.org Posted by at 06:35 PM
Investment & Commercial Properties in Chicago...for all your investment needs... Are you looking for 4+ apartment buildings, mixed use buildings, or commercial listings? If so, please let me know your requirements and I will email you a list of properties. GreatChicagoRealEstate.com/chicago_investment_properties.htm Posted by at 06:32 PM
May 03, 2006List of Chicago Open Houses for the weekend...Let me know where your looking, your price range, number of bed/bath and I'll email you a list of open houses. If your curently working with a 'buyers agent' please let me know. happy house hunting... www.GreatChicagoRealEstate.com Posted by at 09:52 PM
Bucktown Condosall you have to do is go to: www.GreatChicagoRealEstate.com and ask for Ron Saffron Realty Group Posted by at 08:45 PM
April 27, 2006Evanston Open House 4/30/06 from 1-4 pm2814 Grant St. open from 1-4 pm 4/30/06! Tons of curb appeal. Beautiful tree-lined street in Evanston... Posted by at 10:23 AM
April 20, 2006Open House in Old TownOPEN HOUSE 4/23/06 FROM 11:00-1:00... Please call Kamila at 312 375-0733 with any questions. 2 BED/2 BATH PLUS DEN IN OLD TOWN! WITH TANDEM SPOT. STUNNING LAKE, CITY, AND LINCOLN PARK VIEWS, A 'WOW' FACTOR PENTHOUSE LIVING WITH EVERY BELL & WHISTLE. AMAZING KITCHEN BATHS, ALSO F/P,W/D IN UNIT,ALL HARDWOOD FLOORS, BALCONY. WALK TO THE LAKE, RESTAURANTS, THEATER, OR SHOP ON WELLS. QUICK CLOSE POSSIBLE! ... OPEN HOUSE 4/23/06 FROM 11:00-1:00... Posted by at 07:15 PM
April 05, 2006LOOKING TO BUY A COMMERCIAL CONDO IN CHICAGO?PLEASE GIVE ME A CALL! http://greatchicagorealestate.com/chicago_investment_properties.htm Posted by at 04:41 PM
April 04, 2006Open House in Old TownOPEN HOUSE 4/9/06 FROM 1:00-4:00... Please call Kamila at 312 375-0733 with any questions. 2 BED/2 BATH PLUS DEN IN OLD TOWN! WITH TANDEM SPOT. STUNNING LAKE, CITY, AND LINCOLN PARK VIEWS, A 'WOW' FACTOR PENTHOUSE LIVING WITH EVERY BELL & WHISTLE. AMAZING KITCHEN BATHS, ALSO F/P,W/D IN UNIT,ALL HARDWOOD FLOORS, BALCONY. WALK TO THE LAKE, RESTAURANTS, THEATER, OR SHOP ON WELLS. QUICK CLOSE POSSIBLE! ... OPEN HOUSE 4/9/06 FROM 1:00-4:00... Posted by at 04:28 PM
March 20, 2006Is bigger always better?For many homeowners, less is so much more... By Christopher Solomon Sidebar: 6 ways to maximize room Consider the evidence: The average American home swelled from 983 square feet in 1950, to 2,349 square feet in 2004 -- a 240% increase. Yet the American household shrank by 18% between 1970 and 2003, from 3.14 people to 2.57, on average. But does square footage equal happiness? In recent years, a less-is-more upswell has begun, stoked largely by architect Sarah Susanka’s bestseller, “The Not So Big House,” and related books. Susanka and her cohorts’ message is simple: Smaller can be beautiful, and better. Trashing the big = success model Susanka has zeroed in on this group even further. “It’s at least a quarter of the population of the United States (referring to what author Paul Ray calls the “cultural creatives”) who look at what’s happening in suburbia and say, ‘Oh my God, I don’t want that.’ They have historically purchased existing houses in the inner ring of the suburbs. The reason they’ve done that is that the houses have character and the neighborhoods historically are strong.” These people are often educated, progressive types of varying income levels who think about more than just their own needs. “You could say they have ‘green’ values,” Susanka says, speaking from her not-so-big home office in Raleigh, N.C. The trend toward smaller, more finely outfitted domiciles is particularly obvious in urban areas right now, argues Richard Gollis, principal at The Concord Group, a Newport Beach, Calif.-based real estate research firm. That’s because cities are home to the “urban barbell” -- older people without children, and young professionals without children, who want to enjoy the vibrancy of a city. “We’re starting to see that buyers are willing to trade off size, square footage, for location,” says Gollis. Small as radical That book, and the five that have followed, clearly tapped into something. More than one million of Susanka’s books have been sold since 1998, including the latest, “Outside the Not so Big House: Creating the Landscape of Home,” which just appeared. A bevy of books by other writers in recent years have struck a similar theme. How much room does a couple or a family really need, anyway? “As long as you use all of the space actively, that’s the amount of room you need,” says author Kodis. “The goal of smaller-space living is not to cram yourself into a smaller space to make a point.” Instead, in such a home, “There’s no wasted space, but it’s comfortable.” For example, how many families honestly use their formal dining rooms or living rooms -- a few times a year? Then why pay for homes with them, and pay to furnish them? Wouldn’t it be better to focus on creating a very well-suited kitchen/dining/living area, since most families spend their time there, ask Susanka and others. How small is small? Here’s Susanka’s general rule of thumb: After seriously evaluating how they use their home, day in and day out, homeowners usually can expect to comfortably reduce the size of their next home by one-third. Susanka recommends using the money saved to personalize the home with lots of fine details and “built-ins” -- sleek storage, great floors, interesting ceilings and recurring, unifying details (from a tile motif, to a pattern in the wainscoting and other woodwork). That is, they remain even if the house were turned over and shaken. Taken together, these make the smaller home particularly charming and livable. (For tips on maximizing space, click here.) That’s happening, to some degree, among the urban barbell, says Gollis. “What we’re seeing is very small units loaded with the very best features -- Viking and Wolf ranges, very expensive bath features, nice tiles and marble on the floor -- really almost like a yacht-cabin approach, like a ship, everything in its place,” he says. One urban example of small spaces, thoughtfully rendered, is rising in downtown Seattle. The developers of the 94-unit Lumen condominium complex have made a priority of cultivating a feeling of airiness, through the use of light and creative floorplans. “From the front door to the outside (glass) wall, there’s a 40-foot run of cabinetry” built into the units, says co-developer Alan Winningham. Movable glass partitions, like Japanese shoji screens, will allow each home to be divided into different configurations. Each condo will have a floor-to-ceiling glass wall that opens onto a balcony that will feel like part of the living area, he adds, and make the homes feel larger than their 500 to 2,100 square feet. Another option will be a platform bed with gas struts that will lift to reveal a storage area. Less use of materials. A smaller house doesn’t only use fewer natural resources, it requires fewer large furnishings to fill it. “We both love the outdoors and light, so we tried to bring as much of the outdoors inside as we could. So we have skylights in our second-floor addition, and natural wood and earth tones … things that made us feel that we were sitting out on the back porch with our feet up,” Stanton says. During renovation, when the contractor uncovered the old structural two-by-four studs, the coupled decided to have them covered with a handsome wood veneer in order to make a more interesting ceiling. “It feels more roomy and has got more texture to it than just a flat ceiling,” Stanton says. Downstairs, among other changes, the couple gutted the kitchen and opened up the floorplan. Now, “you can see from the front door all the way through the house and into the back,” she says approvingly. The kitchen is “open and airy and light.” And, importantly, the house doesn’t overwhelm the neighborhood. Stanton did realize one thing, however: Some of Susanka’s ideas for built-ins -- custom cabinets and the like -- can add up quickly. Even after abandoning some of those ideas, the couple still went about 15% over budget, she recalls. How much is this gonna cost me? Often, the homes in books have been drawn up by an architect, who generally charges between 10% and 15% of the home’s construction cost, depending on the services. But don’t let the “A” word scare you off, experts say. “You can have a custom home without spending a fortune,” insists author Kodis. “It’s really about the types of material you purchase. It’s really about the size.” Hearing readers’ concerns, however, Susanka is now at work on a book called “Remodeling Not So Big,” to appear in 2008. “It’s going to be about very simple things you can do in Anyhouse, USA to make it better,” she says.
Country Sq. feet
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March 17, 2006March 15, 2006Property Owners Who Want To Sell, But Not List Their Property!Are you in the early stages of thinking about selling your home but don't want to commit to a 6 month listings agreement? Do you own a property and would only sell at the 'right price'? Do you own a commercial or investment property and know that most investors will only buy 'off market properties'? Do you just want to test the market and see if you get any 'bites'? Posted by at 03:23 PM
March 13, 2006Open House in Old TownOPEN HOUSE 3/19/06 FROM 11-1! (Ring #076 downstairs) 2 BED/2 BATH PLUS DEN IN OLD TOWN! WITH 2 CAR TANDEM PARKING SPOT. STUNNING LAKE, CITY, AND LINCOLN PARK VIEWS, A 'WOW' FACTOR. PENTHHOUSE LIVING WITH EVERY BELL & WHISTLE. AMAZING KITCHEN & BATHS, ALSO F/P,W/D IN UNIT,ALL HARDWOOD FLOORS, BALCONY. WALK TO THE LAKE, RESTAURANTS, THEATER, OR SHOP ON WELLS. QUICK CLOSE POSSIBLE! TRULY AN AMAZING CONDO IN CHICAGO! Posted by at 04:08 PM
March 07, 2006February 14, 2006Humboldt Park Real Estate...The great neighborhood of Humboldt Park began life as North Park in the 1860’s shortly after the creation of the West Park System. Located on the Northwest side of Chicago, North Park was soon named in honor in 1869 after Alexander von Humboldt, a famous German Scientist and Explorer. The park area was settled mainly by immigrants of East European descent such as Polish, Italian and German. The demographics of the Humboldt Park neighborhood changed and has become largely Latino and African American today. As one of Chicago's largest communities with over 60,000 residents, the Humboldt Park community derives its name from and sprawls out over a 207 acre park area. Slow to develop, the settlement and community of Humboldt Park with a large part due to its location and spacious park is now becoming one of the most widely growing and trendy places in the greater Chicago area. Real Estate has turned heads during the past few years as Humboldt Park has become a prime location for the upscale generation. The neighborhood of Humboldt Park still features many beautiful Colonial and Victorian homes and buildings. As restoration goes on for some of these buildings turning them into the brilliant places they once were, a few are being turned into condos and lofts for residents of this local area. Many modern style homes are being built and put on the market today as well. The Romanesque style architecture that houses the recreation center at the park, also showcases a man-made pond and is one of the most beautiful and useful parks in Chicago. The park itself include an amazing beach, an outdoor swimming pool, baseball diamonds, tennis courts, playgrounds, and bike paths. In addition the Humboldt Park also has an assembly area, offers a place for ice skating in winter, numerous picnic areas and a field house with two gyms. Humboldt Park has always been an interesting community and has many entertainment options. With many small establishments for both entertainment and dining, the neighborhood venues are compromised with diversity of its residents for a unique and individual flair. Have kids? The Humboldt Park community has a variety of options for education from pre-kindergarten on up thru High School. There are also many private and religion based schools to choose from. The Humboldt Park itself also offers an after school care program that includes music, sports, arts and crafts and also exercise fun. Speaking of fun, each year, the city hosts the Puerto Rican Peoples Parade in June and the Fiesta Boricua, a Puerto Rican Pride festival, in September. These festivals attract over 160,000 people each year. Ready to experience the city? The city has a plentiful amount of public transportation options. Hop on the world famous Chicago ‘L’ train. Humboldt Park is supported by the Blue Line train and over 5 different bus routes for ease of travel in this great city. If you are looking to move to an historic, exciting and rapidly growing neighborhood, Humboldt Park is the place to be! happy house hunting... Posted by at 04:19 PM
January 31, 2006Chicago Off-Market Properties12 Unit - Lincoln Park Blocks from DePaul,El. Converted 6 Flat. NOI - $144k9 Unit - Lakeview Blocks from El NOI - $104K 30 Unit - Logan Square $2.1mill NOI - $134k 39 Unit - Uptown $5.1mill NOI - $280k 17,000 Development lot - Ravenswood/Lincoln Sq. Currently has single story businesses - $3.5mill note: confidentiality agreement must be signed for any additional information and addresses. also there is no commission for buyers agents! Posted by at 04:19 PM
January 25, 2006HOT off market Investment PropertiesAlso off market I have 3 commercial condo units left in Evanston. These Evanston lofts are VERY HOT! 6 have sold already and they deliver in June. Brand new Loft conversion with skylights, kitchens, full baths and all the high tech hook ups. Posted by at 01:35 PM
January 20, 2006Selling your Chicago property?Give me a call. I will provide you with a CMA and value for your home or condo. Feel free to call me as well. for all your real estate needs... Posted by at 01:58 PM
January 03, 2006December 30, 2005Great New Year's Quotes!Funny New Year Quotes Welcome the New Year With a Smile The New Year may be a significant event for many people. But the absurdities of the celebration cannot escape a skeptic's mind. Here are some funny New Year quotes. What better way to start a New Year than with a hearty laugh? You can share your joy by greeting everybody with these funny New Year quotes. Mark Twain Brooks Atkinson Bill Vaughan J. O'Rourke Jay Leno James Agate Eric Zorn Bill Vaughan Charles Lamb Oprah Winfrey Mark Twain Judith Crist Anonymous Joey Adams Anais Nin Oscar Wilde Robert Paul Anonymous Leonard Bernstein G. K. Chesterton Posted by at 03:14 PM
December 21, 2005Bucktown Real EstateI live in Bucktown... for all your real estate need www.GreatChicagoRealEstate.com Posted by at 12:23 PM
December 10, 2005Hot Chicago Neighborhood! Humboldt ParkBY PATRICIA STAHL Chicago’s Near West Side is hot right now, as urban redevelopment proceeds in concentric circles from the city’s central business district. Developers and real estate practitioners are edging further west, where land is cheaper, to accommodate the intense demand. The latest neighborhood to experience resurgence is Humboldt Park, the heart of the city’s Puerto Rican community. Once home to Eastern European immigrants, the area changed character in the 1960s, when Puerto Ricans migrated west in search of affordable housing. White flight, commercial disinvestment, municipal neglect, and bank redlining took a toll on the neighborhood over the next 20 years. Housing values plummeted to about 60 percent of the citywide average, and the area succumbed to gangs and crime. Jose Acevedo, broker-owner of Landmark Heritage Realty located in heart of Humboldt Park, grew up in the area during those turbulent times. Now, 25 years later, he’s in on its revival. The biggest marketing challenge right now, he says, is to overcome the neighborhood’s negative reputation. One strategy real estate professionals are using is to give it a new identity. “It’s a sprawling area with a lot of variation, so we broke it down into smaller segments and renamed them North, South, East, and West Humboldt Park,” Acevedo says. “In fact, we now refer to the northeast portion as ‘West Bucktown’ to convey the idea that it will enjoy the same surge in property values as its neighbor.” Despite its edgy reputation, Humboldt Park is a magnet for newcomers because it offers amenities that few other communities possess—a 207-acre park with a beach, a swimming pool, lagoons for fishing and boating, 15 baseball diamonds, 11 tennis courts, several playgrounds, bike paths, sprinklers, and formal gardens, among other perks. The housing stock varies greatly within Humboldt Park, ranging from modest frame teardowns to stately graystones. On the side streets, large apartment buildings flank rows of solid single-family homes and duplexes. Prices depend not only on the quality of the homes, but also on how much the area has been redeveloped. “Houses are cheaper at the western end, which has seen less development, but the area overall is still affordable,” Acevedo says. According to Chicago Magazine’s annual home price guide, Humboldt Park’s average sale price from July 1, 2001, to June 30, 2002, was $113,507. The average sale price for a single-family home in Humboldt Park for the first half of 2003 was $212,525. www.GreatChicagoRealEstate.com Posted by at 02:20 PM
December 06, 2005Chicago Commercial Brokers Looking for a Change?Please fax resume and last 2 years production to 773.409.9079 Everyone knows that Realty Groups offer excellent buyer & seller representation with residential real estate. Check out every commercial listing in the MLS at: Posted by at 03:43 PM
November 21, 2005Happy Turkey Day!The holiday season gives us the opportunity to extend our thanks to those who helped to make the past year so wonderful. Clients like you make our job a pleasure. Happy Thanksgiving! Posted by at 06:31 PM
November 11, 2005Not on the MLS yet! Graystone single family home in Bucktown!This home is not on the MLS yet, but it will be in under a week! If relocation to Chicago is in your future, or if you are just looking for a dream home on one of the finest, most private streets in Bucktown, you need to call me soon to view this home before it is introduced to the public. This beautifully rehabbed graystone home is so new to the market that I don’t even have photos yet! It is loaded with high end features, though, and here’s the list: Posted by at 04:27 PM
November 07, 2005Thinking of a Real Estate career in Chicago?Do you want to be a part of Chicago's fastest growing private real estate firm? Would you like to be on a team that is the first and only of its kind? We are seeking creative, innovative and responsive agents who would like to work from our beautiful office located centrally near downtown Chicago or from their homes in Chicago and its neighboring suburbs. We provide our agents an environment in which they can thrive and succeed. We employ the latest and greatest high-tech tools, such as IP phones, a wireless office and paperless files, so that our agents can work smarter while they’re working harder. Our website partner, www.GreatChicagoRealEstate.com is the number one real estate website in Chicago, providing us with the ability to offer new agents unlimited qualified leads. What’s more, our agents only pay a referral fee after a closing is achieved. Our commission structure is highly competitive and we can offer even higher commission splits to our work-at-home agents. Posted by at 01:59 PM
November 03, 2005Humboldt Park Propertiestalk our ears off. check your expectations. make it so. Posted by at 04:03 PM
October 24, 2005Your Realtor...What do you look for?As buyers and sellers, what do you, as consumers, look for in a Realtor? What unique characteristics impress you the most? What bothers you the most when it comes time to purchase a home or condo? Any feedback would be great... Posted by at 12:48 PM
October 19, 2005Chicago Commercial Property30 Unit Building Income: $16,583 mo. $199,000 yr Notes: Leases- All month to month. Scattered rents due to some long term tenants Updates- Newer windows, hot water system (2 yrs), Boiler burners (1 yr), new gutters General- Exterior well maintained. ASKING PRICE $2,300,000 Confidentiality agreement must be signed before address disclosed!
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October 13, 20053-7 Million Dollar Producers, We Want You...Do you want to be a part of Chicago's fastest growing private real estate firm? Would you like to be on a team that is the first and only of its kind? We are seeking creative, innovative and responsive agents who would like to work from our beautiful office located centrally near downtown Chicago or from their homes in Chicago and its neighboring suburbs. We provide our agents an environment in which they can thrive and succeed. We employ the latest and greatest high-tech tools, such as IP phones, a wireless office and paperless files, so that our agents can work smarter while they’re working harder. Our website partner, www.GreatChicagoRealEstate.com is the number one real estate website in Chicago, providing us with the ability to offer new agents unlimited qualified leads. What’s more, our agents only pay a referral fee after a closing is achieved. Our commission structure is highly competitive and we can offer even higher commission splits to our work-at-home agents. Please contact Kamila at 773.733.4249 Posted by at 12:40 PM
October 10, 2005Proud to be part of the West Town Chamber of Commerce!http://www.westtownchamber.org/index.html Posted by at 11:14 AM
October 03, 2005Chicago Commercial Real EstateI have a client that's a private investor who's looking to buy out an entire existing condo or loft building, that consist of at least fifty units plus. Also the property must have condo conversion documents! My client can close on any endeavor in three weeks. Posted by at 02:18 PM
October 01, 2005Thinking of going into Real Estate?Do you want to be a part of Chicago's fastest growing private real estate firm? Would you like to be on a team that is the first and only of its kind? We are seeking creative, innovative and responsive agents who would like to work from our beautiful office located centrally near downtown Chicago or from their homes in Chicago and its neighboring suburbs. We provide our agents an environment in which they can thrive and succeed. We employ the latest and greatest high-tech tools, such as IP phones, a wireless office and paperless files, so that our agents can work smarter while they’re working harder. Our website partner, www.GreatChicagoRealEstate.com is the number one real estate website in Chicago, providing us with the ability to offer new agents unlimited qualified leads. What’s more, our agents only pay a referral fee after a closing is achieved. Our commission structure is highly competitive and we can offer even higher commission splits to our work-at-home agents. Posted by at 01:47 PM
September 27, 2005Got my Treo 650, finally!Have to say that I'm pretty pumped to have my first smart phone! A little nervous looking at the extremely thick directions booklet. Anyone have any comments on their experience with smart phones? Love to hear your thoughts! Posted by at 10:53 PM
September 21, 2005Real Estate Sales Positions in ChicagoDo you want to be a part of Chicago's fastest growing private real estate firm? Would you like to be on a team that is the first and only of its kind? We are seeking creative, innovative and responsive agents who would like to work from our beautiful office located centrally near downtown Chicago or from their homes in Chicago and its neighboring suburbs. We provide our agents an environment in which they can thrive and succeed. We employ the latest and greatest high-tech tools, such as IP phones, a wireless office and paperless files, so that our agents can work smarter while they’re working harder. Our website partner, www.GreatChicagoRealEstate.com is the number one real estate website in Chicago, providing us with the ability to offer new agents unlimited qualified leads. What’s more, our agents only pay a referral fee after a closing is achieved. Our commission structure is highly competitive and we can offer even higher commission splits to our work-at-home agents. Posted by at 04:19 PM
September 20, 2005Commercial Properties in ChicagoDid you know that Great Chicago Real Estate also has highly trained agents that focus on commercial real estate. Check out every commercial listing in the MLS Posted by at 04:47 PM
September 19, 2005West Town new construction!Luxurious unit with open floor plan in the emerging Westtown neighborhood combines premium construction and luxurious finishes standard min from dwntwn & medical district, large balconies ranging from 340 to 262 sqft w/panoramic views of skyline, granite, cherry flrs, SS APPL, Jacuzzi, DBL vanity incl.1 indoor heated parking space elevator building $339,999 Delivery fall 2006 Posted by at 10:22 AM
September 18, 2005West Town condo NOT on the market yet!Combination Unit 2,075 sqft 3rd floor master residence, premium construction and luxurious finishes standard min from dwntwn & medical district, 2 balconies w/ over 370sqft. w/spectacular panoramic views of skyline, endless granite, SS APPL, Jacuzzi, separate steam shower DBL vanity incl.2 indoor heated parking spaces elevator building Offered only during pre-construction $639,000 Delivery fall 2006. www.GreatChicagoRealEstate.com Posted by at 09:08 PM
September 17, 2005New development NOT on the market... WestTown area of Chicago!Oakley Manor Penthouse (4W) 4th floor Penthouse unit in the emerging Westtown neighborhood combines premium construction and luxurious finishes standard min from dwntwn & medical district, enormous private 400+ sqft terrace w/spectacular panoramic views of skyline, endless granite, SS APPL, Jacuzzi, separate steam shower DBL vanity incl.2 indoor heated parking spaces elevator building $449,999 Delivery fall 2006 http://www.GreatChicagoRealEstate.com Posted by at 12:57 PM
September 15, 2005I have clients looking for:http://www.GreatChicagoRealEstate.com I have clients looking for: 1st client looking for: 2nd client looking for: 3rd client looking for: Posted by at 02:51 PM
September 14, 2005Chicago Investment Property NOT on the MLS! 30 Units...30 Unit Building Income: $16,583 mo. $199,000 yr Notes: Leases- All month to month. Scattered rents due to some long term tenants Updates- Newer windows, hot water system (2 yrs), Boiler burners (1 yr), new gutters General- Exterior well maintained. www.GreatChicagoRealEstate.com
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August 31, 2005I have clients looking for:1st client looking for: 2nd client looking for: 3rd client looking for: www.GreatChicagoRealEstate.com Posted by at 04:10 PM
August 26, 2005Chicago Investment Property NOT on the MLS! 30 Units...30 Unit Building Income: $16,583 mo. $199,000 yr Notes: Leases- All month to month. Scattered rents due to some long term tenants Updates- Newer windows, hot water system (2 yrs), Boiler burners (1 yr), new gutters General- Exterior well maintained. www.GreatChicagoRealEstate.com
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August 12, 2005Chicago Investment Property NOT on the MLS! 30 Units...30 Unit Building Income: $16,583 mo. $199,000 yr Notes: Leases- All month to month. Scattered rents due to some long term tenants Updates- Newer windows, hot water system (2 yrs), Boiler burners (1 yr), new gutters General- Exterior well maintained. http://www.GreatChicagoRealEstate.com Posted by at 02:19 PM
This Year, An Apartment In The Ukrainian Village; Next Year, A Condo In Logan SquareWell, I'll be moving to my new apartment in two weeks. Along with all of the other moving-related thoughts that could send one spiraling into a panic at 11:45 PM on a work night I also have this one: This is probably the last apartment I will ever rent. The finality of it is a little unnerving, as endings can be (except when we're talking about root canals and the like), but it's also very exciting. I'm going to spend the next year doing everything I can to make my credit squeaky clean. Some days I fear that this task might take more than a year, but in any case, this IS probably the last apartment I will ever rent. So, for the next year, it's nesting and saving and paying down debt for me. Should be very exciting. Posted by at 11:46 AM
August 08, 2005July 22, 2005www.GreatChicagoRealEstate.com Posted by at 11:16 AM
July 11, 2005Any thoughts on Palm 650 vs. Blackberry?Would love some feedback from anyone on their experiences with either. Thanks for blogging! Ron Knoll Posted by at 02:56 PM
July 05, 2005New Buffalo or Union Pier Mi. real estateWondering if anyone has a property in these areas that would like to sell? Ideally looking for a 2-3 bedroom/1-2 bath cottage within 1 mile of the lake. Also prefer large wooded lot and priced under $350,000. Posted by at 01:59 PM
June 07, 2005More faux materials pop up in new-home constructionMany homeowners like it this way Walk down a street in almost any new subdivision in America and you'll see traditionally styled houses built with traditional materials. Or maybe not. Although that stone may look like the real deal, most likely it, along with nearly everything else on the facade, is a fake, or, as they say in the home-building business, "faux." Perhaps even more remarkable, most homeowners are quite happy with this arrangement.
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May 16, 2005Home seekers put on investigative hatsHow can I find out more about a neighborhood? Years ago, a young man bought his first home in a prime Oakland, Calif., neighborhood. He worked at home a lot, and was particularly sensitive to noise. The house he purchased was appealing to him because it was across the street from an undeveloped property. About a year after he moved in, construction started on the property across the street. Unbeknownst to him, a new high school was being built. He found the noise from construction intolerable. www.GreatChicagoRealEstate.com Posted by at 01:48 PM
May 10, 2005Making a wise real estate decisionHow can I make a financially prudent home purchase or sale? This could be a particularly good time to make a move if you are a homeowner whose current home no longer suits your needs. Although interest rates are rising, they still remain at multi-decade lows. And the appreciation rate in recent years has been particularly high. But, even though conditions are good, you need to have realistic expectations in order to make it all work. Posted by at 09:41 AM
May 05, 2005Repairing window screens improves energy efficiency
Newer, more energy-efficient homes don't allow for the passive exchange of air through cracks, gaps and penetrations as older homes did. Thick insulation, caulking at windows and doors and gaskets at lights and plugs are a few of the improvements that make today's homes more energy-efficient. Posted by at 12:53 PM
May 02, 2005Random tips to solve your household problemsBy James and Morris Carey When it comes to our home, we often don't realize that there are simple solutions to problems that sometimes seem overwhelming. Here are a few examples: www.GreatChicagoRealEstate.com Posted by at 11:03 AM
April 27, 2005Census DataCourtesy Chicago Sun Times To find out more information on the community you are interested in, visit the Chicago Sun Times Census Data page . The information provided will include population, density, community profiles, and other demographic information. Posted by at 10:18 AM
April 22, 2005How can I make moving easier
• Mark your cartons for rooms in which they belong. Posted by at 12:40 PM
April 20, 2005Clean like a proDrive out the dust, dirt and scum from top to bottom Courtesy Chicago Tribune I love to cook, am a whiz with a hot iron and rather enjoy polishing the family silver(plate). But the larger task of cleaning an entire apartment or house leaves me cold. Always has. I might have remained forever ignorant of what it really means to clean from "top to bottom" (remember this phrase, it will reappear) had not a flyer from MaidPro, the Boston-based national cleaning franchise, recently come my way. "All our service providers are professionally trained through our MaidPro University," the ad boasted. University? Where better to acquire a remedial education than from a firm that charges by the hour, trains two-person crews to clean as many as four houses a day, and has as its pun-ly motto, "It's About Time." Clearly grime is money. My professor was self-described "neat freak," Philip Doyle, who spent 25 years in hotel management (housekeeping was definitely part of his portfolio) before he bought a MaidPro franchise here in October. His classroom was the home of a client, where I watched Doyle and one of his top cleaners do everything from shaking dead leaves off a pair of potted trees and dusting oil paintings with a fat, sable paintbrush to vacuuming a sofa and knife-creasing throw pillows. Doyle's first rule of cleaning echoes that of many household experts: "top to bottom." This technique drives all dust, cobwebs, pet hair and shower scum downward from ceilings, walls and furnishings. Once on the floor, the collective mess becomes a snap to vacuum, sweep or mop up. His second-favorite direction is "from the farthest point to the door," which allows the cleaner to exit without tracking dirt over newly pristine surfaces. In less than 10 minutes, I had acquired two foundations of cleaning. But real Maid Pro students learn much more, especially the overarching lesson of the order of chores. First, strip the beds and put sheets and pillowcases in the washer. Then clean the whole kitchen, which is the toughest room in the house and gets a full half-hour of attention. (Doyle loves washing kitchen floors with a "Sh-mop," its large head covered by an abrasive pad and elasticized cloth cap). Continue by cleaning all bathroom surfaces before doing the bedrooms. Finish the laundry and bathrooms, clean the hallway and stairwell, and end up in the living and dining rooms. MaidPro owners nationwide must use the same cleaning products, most of them from Procter & Gamble, including a liquid Comet cleanser that is not available to the public. The techniques are also uniform. Take the toilet: Spray liquid scouring solution on the outside, from the top of the tank to the base of the throne. Pour Mr. Clean Toilet Bowl Cleaner into the water. Wait 15 minutes, wipe the exterior with a nylon scrubby and a microfiber cloth (color coded so it will not mistakenly be reused in the kitchen, thank heavens). Tackle the bowl with a long-handled toilet brush. For framed art, spray Windex onto a paper towel to clean the glass. Spraying the glass directly may ruin the picture behind it. To shine a metal frame, first remove the photo, glass and backing, then apply polish (Doyle uses Nonox for Brass, Mrs. Wright's Silver Cream for sterling or silverplate and a soft toothbrush for detail work). When the polish dries, rinse it off with hot water and completely dry the frame with a soft cloth before reassembly. He routinely damp-cleans hardwood floors with a mild solution of 4 ounces of Spic and Span and 28 ounces of water. Occasionally, he uses Dura Seal paste wax on a wood floor and polishes it to high gleam with an electric buffer. He uses Riccar upright and tank vacuums with HEPA filters for most tasks, but prefers a ProTeam backpack vacuum for draperies because the wand has an adjustable suction vent and the machine is light enough for the cleaner to wear while climbing a ladder. In dusting furniture--MaidPro uses microfiber cloths because they create enough static to attract dust--he instructs cleaners to move knickknacks and clean each with a brush. He generally just dusts wooden furniture or goes over it with a cloth slightly dampened with a diluted Spic and Span solution because, over time, Doyle says, aerosol furniture polish containing silicon softens the finish and makes it less dirt-resistant and more scratch-prone. There are other rules to master, including these: Always put newspaper on the floor before de-gunking an oven, never spray cleaners on or near a fish tank or pet cage, and check for toothpaste splatters on bathroom mirrors. After several weeks of MaidPro University training, it's time for "graduation" to a team of one's own. In the Washington area, MaidPro prices range from about $60 for a condo (oven and refrigerator cleaning cost extra) to $1,200 for a five-story ambassador's residence. Other commercial services also train their staffs, although they don't call it college. Maid Brigade, based in Atlanta, offers a weeklong combination of morning classes and afternoon hands-on cleaning lessons. Chicago-based Merry Maids, the nation's largest franchise cleaning service, not only trains its own workforce but posts helpful hints on its Web site (www.merrymaids.com) for the rest of us. Who knew that lemon oil applied to bathroom tile walls can retard soap-scum buildup? Ditto for car wax on the sides of a porcelain bathtub (do not wax the tub's bottom and invite a fall). If stubborn toilet bowl rings don't succumb to an acid-based bowl cleaner and a nylon-backed scrubby sponge, attack them with a pumice stone (it must always be kept wet during rubbing). This will work only on vitreous porcelain. Now I cannot wait to buy microfiber cloths, a fat paintbrush and a Sh-mop for my place. - - - Order of chores Total Time: 3 3/4 Hours To start: 10 minutes: Strip beds, wash sheets and pillowcases. Later wash towels and bathroom rugs separately. Kitchen 30 minutes: Dust using duster, microfiber cloths and sable brush (cabinets, fridge top, vents, knickknacks). Wash dishes. Clean appliances, wipe down counters. Remove trash, rinse out trash can. Dust and wipe down baseboards. Vacuum and mop floor. Rinse and dry sink. Move laundry from washer to dryer, start second load. Bathrooms 50 minutes (25 minutes per room): Spray cleaner on shower tile/glass surround, fixtures and tub. Let sit. Spray toilet exterior; put cleaner in bowl. Start high and dust ceiling, light fixtures, vents, tops of doors. Clean walls, doors and light switches. Clean mirror and vanity, polish sink fixtures. Clean shower surround and tile, recessed soap dish and tub. Remove trash, wash tile baseboards, vacuum floor, then mop. Wash, rinse and dry sink. Replenish towels. Bedrooms 40 minutes (20 minutes per room): Start high and dust ceilings, vents, door frame tops, pictures. Dust lampshades and light bulbs with brush. Use cloths for lamps and furniture. Vacuum behind nightstands and under bed; put on clean linens. Remove trash. Vacuum baseboards and wipe down. Vacuum and damp-mop wood floors. Vacuum rugs. Hallways and stairs 20 minutes: Clean from top to bottom all vents, door frames, light switches, pictures, furniture, etc. Vacuum stair carpeting, use damp cloth for wood railing. Powder room 15 minutes: Follow bathroom instructions above. Living and dining rooms 60 minutes (30 minutes per room): Clean all surfaces from ceiling downward. Remove all objects from furniture, dust them, clean surfaces and replace. Follow bedroom procedures for lamps, pictures, etc. Vacuum furniture with attention to pet hair; get vacuum hose underneath furniture and cabinetry. Fluff upholstery. Empty trash. Dust baseboards and vacuum floor toward the exit. Posted by at 10:40 AM
April 15, 2005Give your home a checkupCourtesy Chicago TribuneThe Associated Press Winter can be hard on a home. As the weather warms, it makes sense to give your home a good checkup. Spotting minor problems and fixing them can save homeowners headaches and money later on major repairs. Here are ideas from HouseMaster Home Inspection Services and AllState for keeping the outside of your home in shape. Inspect gutters. Gutters should be inspected for debris and proper mounting. The expansion and weight of ice and snow from winter storms can sometimes loosen gutters, changing pitch and water flow. Make sure downspouts are extended far enough to carry water away from the foundation. Look over the yard. Check the grading to ensure it drains away from a home's foundation. Wet and snowy winter weather can cause soil to settle in plant and flowerbed areas adjacent to a home's foundation wall. This can cause water to build up next to the foundation. If needed, re-fill or re-grade depressed areas. Basement window wells should be cleaned. Covers can prevent rainwater buildup and leaks. Repair driveway and walkways that are cracked, broken or uneven to provide a level walking surface. Remove all dead trees and keep healthy trees and bushes trimmed and away from utility wires. Check the heads and operation of automatic sprinklers. Test pumps. Test sump pumps to make sure they are working. Be sure the motor, float switch and check valve are working and water is draining from the chamber. A back-up pump is worth considering in areas with groundwater problems. Check roofs, siding and windows. Look at roof valleys, chimneys, skylights and vent flashings. Temperature changes from summer to winter can cause expansion and contraction, which may lead to cracking in some roof cement and window caulking materials, creating potentially damaging water leaks. Include exterior caulk maintenance with spring cleaning. Check for rot in window sills and door thresholds; repair and repaint, if necessary. Inspect and clean siding. Condition air conditioners. Check the drainage pan and lines. The drainage pan and drain line should be free of dust and debris. An obstructed pan and line can lead to an overflow and water damage. Have the air conditioning system inspected by a professional as recommended by the manufacturer. Other tips: Safely store oil and gas for lawn equipment and tools in a vented, secured area. And check outdoor light bulbs in all fixtures to be sure that they are the correct wattage as recommended by the manufacturer. Some work, particularly on roofs, may require professionals. When looking for professional help, check references with a Better Business Bureau, homebuilders association or contractors association. Posted by at 09:25 AM
April 13, 2005Just the ticketTransit-oriented housing eases commuters' pain -- and villages gain Courtesy Chicago Tribune When Jessica and Justin Mead moved out of the city last summer, they made a promise to each other: Neither would have to suffer the strains of a long daily commute. They kept their promise by moving to a townhouse development in downtown Evanston. The Meads now live three blocks from a Metra station and one from a stop on the Chicago Transit Authority's Purple Line. Both can get to their downtown jobs in 20 minutes. "We've always wanted to take public transportation to get downtown," said Jessica Mead, an attorney. "Parking fees there are astronomical. And neither of us likes the headaches that go along with driving. A short commute is such an advantage. It leaves you with so much extra time in the day." The Meads are hardly alone. A new national study reports that home buyers are increasingly looking to get to and from work as quickly as possible. And though many home seekers will accept long commutes -- along with higher gasoline prices -- to find a home they like and can afford, many are rejecting the hour-and-a-half or more trips that many suburbanites have long suffered. Builders are creating new transit-oriented developments across Chicago's suburbs in response. These developments earn their name because they are within walking distance of public transportation, thus eliminating the hassles of rush-hour traffic for their residents. The 2004 American Community Survey, sponsored by the National Association of Realtors and Smart Growth America, reports that 79 percent of U.S. residents point to a commute time of 45 minutes or less as the top priority in deciding where to live. This ranks far higher than does the desire for a large house on more than 1 acre of land, a benefit that the report says is important to just 57 percent of residents. Of those planning to buy a home in the next three years, 87 percent rank a shorter commute as their top priority. When asked to choose between two communities, six in 10 potential buyers chose a neighborhood that offered a shorter commute, sidewalks and amenities such as libraries, shops and restaurants within walking distance. These respondents chose such a neighborhood over a sprawling community with larger lots and a longer commute. Even in the farthest-flung Chicago suburbs, builders and developers are aware of the growing desire of homeowners to slash their commutes. And though commute times for residents living in these far-off communities may be longer than the 45-minute ideal, many feel their trips to and from work will be less stressful in a train. "The convenience of a transit-oriented development can't be beat," said David Strosberg, president of Chicago-based Morningside Group, a developer that has built several such developments in Chicago suburbs. "Think about all the time your typical suburban resident spends commuting to the job. The opportunity to walk to the train and get to work in half an hour is something that can't be beat. And that's why these developments are so popular." It's little wonder homeowners would be frustrated with their daily commutes. Workers are spending more time stuck in traffic than ever. The Texas Transportation Institute made headlines last year with its study of average commuting times across the country. The study found that the average Chicago-Indiana area commuter spent 56 hours a year in traffic. It's no wonder then that the Federal Transit Administration predicts that the number of buyers and renters seeking housing near public transportation will rise to almost 15 million by 2025. In the Chicago area, buyers have several such choices. In west suburban Elmhurst, Morningside Group is building Crescent Court, which comprises 123 condominiums kitty-corner from Elmhurst's Metra station. The first units will be ready for occupancy in late summer. John D. Said, Elmhurst's director of planning, zoning and economic development, said he's anxious to see even more projects such as Morningside's. Transit-oriented developments, according to Said, bring several benefits not only to residents seeking less stressful commutes but also to entire communities. "It's hard to narrow down a short list of positives," he said. "Overall there is a benefit to having more residents and more activity in your community. You have more people downtown to patronize your local businesses and shop at local stores. There are then increased local sales taxes." And the best news as far as Said is concerned? These benefits come without the biggest negative brought by strip malls and massive shopping centers: increased vehicle traffic. "Even single-family homes like the one I live in generate many more vehicle trips than do multifamily condo buildings in downtown locations," according to Said. "The traffic generation is much less for these kinds of units than it would be for a subdivision neighborhood or for a large-scale retail store." Another benefit? Transit-oriented developments typically place less strain on a community's services. Said points out that because relatively few school-age children live in a transit-oriented development such as Crescent Court, those developments place little additional burden on local school districts. But the other residents of such developments still pay taxes to these school districts. Schools, then, end up with far more gains than they do burdens. Transit-oriented development is playing a big role in downtown Geneva, too, where Sho-Deen Inc. is putting the finishing touches on the River North Condominiums, a series of three multistory residential buildings with a total of more than 100 units. The project is about a half-mile from Geneva's Metra station, ideal for commuters not eager to battle rush-hour traffic on Interstate Highway 88. City planners hope to see additional transit-oriented developments in Geneva's downtown. "Developments like these reinforce a sense of place in a community," said Dick Untch, Geneva's director of community development. "I think there's only going to be a greater push for these developments. People want to get to work without the hassle of fighting traffic. It's no surprise that there are so many success stories with these kind of developments all over the Chicago metropolitan area. "We have downtowns with train stations that are doing mixed-use developments that incorporate commercial buildings on the ground floor and residential units above them. We're seeing communities taking creative approaches to handling parking. City planners are being so creative and really working to bring these developments to their downtowns." Projects such as those in Geneva and Elmhurst are considered by many urban planners to represent the future of transit-oriented development for one reason: They are in-fill developments. This means they are built in existing downtown environments, with developers often renovating existing buildings. "When you talk about transit-oriented development you are not going to get too many new green sites right now," said Sam Santell, director of planning with the Northeastern Illinois Planning Commission. "A lot of transit-oriented development involves retrofitting what is there now. As far as I'm concerned, that's good news. I really think the redevelopment aspect of these developments is important." Municipalities, though, must first sell transit-oriented developments to their residents, he said. Most are high-density projects. And when residents hear "high density" they often balk. In Geneva, municipal officials are careful not to approve in-fill, high-density developments that would harm the historic charm of the city's downtown business district. For instance, Sho-Deen's River North project is in a part of downtown that once was industrial. "We have to be very selective and surgical about where we put high-density housing," Untch said. This in-fill approach has led to serious business for many developers. Tom Roszak, owner of Evanston-based Roszak/ADC, is one. Roszak concentrates his efforts on developing urban in-fill properties that are close to public transportation. These type of developments, he said, allow him to cater to his company's key demographic: dual-income couples either with no children or one small child. Roszak estimates that nearly 50 percent of his buyers are such couples. And these couples are looking for short, stress-free commutes. "It's a lifestyle we see a lot of, so we cater to it," Roszak said. "The husband or the wife has a car and the other spouse takes the `L' or the Metra downtown or somewhere along the transit line. We've done a lot of developments in the Chicago area and Evanston that sit along the transit lines. Couples like them because they don't require them to have two cars." Of course, though most new transit-oriented developments will be of the in-fill variety, there are exceptions. And Jim Willey is facing the challenges and the potential rewards of one. As mayor of Elburn, a village of about 4,000 some 44 miles west of Chicago, Wiley he has the opportunity to bring something rare to his community: a transit-oriented development built on an empty 200 acres. "A lot of the developers we've seen would rather build half-a-million-dollar homes in a cornfield," Willey said. "They're not attracted to working on the mixed-use, pedestrian-friendly, bike-friendly, higher-density projects we want for this area. This isn't surprising. Developers would rather make a quick subdivision. That's where their easiest profits come from. We're not interested in that, though. We are not looking for a subdivision in a cornfield here. We want a real community." Elburn has this opportunity thanks to Metra. The commuter rail line's final stop on its Union Pacific West line used to be Geneva. But Metra officials are extending the line two stops, to Elburn. Metra officials, then, are building a station in this community, and expect to have the facility -- and the extension -- in service late this year. The Metra facility will sit on about 50 acres, a plot next to the empty 200 acres that Willey is hoping to see transformed into transit-oriented development. "This is an amazing opportunity for us," Willey said. "We are not in any hurry, then, to approve something just for the sake of approving it. That would serve no one. We are much more concerned with having something creative and dynamic here. We are talking about having something that will inspire people to take pictures." Posted by at 10:51 AM
April 11, 2005What should I look for in evaluating a homeowners association?BY KENT ARNEY There are several categories to look at: Posted by at 09:10 AM
April 06, 2005How should you choose a mover?BY JEAN GUARINO Whether you're relocating a few blocks away or across country, the process of moving can be traumatic for every member of the family. Posted by at 11:15 AM
April 04, 2005Is hiring a home inspector worth it?
Typically, real estate contracts contain a provision giving homebuyers a set number of days, usually five, in which to have a home inspection completed. Posted by at 10:10 AM
March 28, 2005Fair HousingWhere to turn Government agencies police housing discrimination on several levels: federal, state, county and city. The federal Fair Housing Act and its 1988 amendment protect against discrimination based on race, color, religion, sex (including sexual harassment), national origin, disability and familial status. It also protects against discrimination by retaliation, intimidation and coercion. Owner-occupied apartment buildings of four for fewer units are excluded. It's enforced by the U.S. Department of Housing and Urban Development Office of Fair Housing and Equal Opportunity, (312) 353-7776 or toll-free at 800-669-9777. The toll-free telephone number for the hearing impaired is 800-927-9275. The Illinois Human Rights Act prohibits discrimination based on race, color, religion, sex (including sexual harassment), national origin, ancestry, age, marital status, disability, familial status, unfavorable military discharge and military status. It also protects against discrimination by retaliation. Owner-occupied rental buildings of five or fewer units are excluded. It is enforced by the Illinois Department of Human Rights, (312) 814-6200. The Cook County Human Rights Ordinance outlaws discrimination based on race, color, religion, sex (including sexual harassment), national origin, ancestry, age, marital status, disability, parental status, sexual orientation, source of income, military discharge status, housing status, and also protects against retaliation. The ordinance is enforced by the Cook County Commission on Human Rights, (312) 603-1100. The Chicago Fair Housing Ordinance offers protection against discrimination based on race, color, religion, sex (including sexual harassment), national origin, ancestry, age, marital status, disability, parental status, sexual orientation, source of income and military discharge status. This ordinance is enforced by the Chicago Commission on Human Relations, (312) 744-2852. Nonprofit organizations that assist buyers and renters on fair housing issues include: Posted by at 10:20 AM
March 27, 2005The top 10 list of buyer and owner mistakesHere are 10 of the most common mistakes home buyers and owners make, and how to avoid them: - You choose the wrong mortgage. With the advent of instant financing, home loans are no longer the lifetime obligations they once were. Still, you don't want to be saddled with the wrong one, even for a short period. It's just too expensive to get out of. Therefore, investigate all your options, then lay your favorites side-by-side and make comparisons. Above all, though, do the math, making sure to compare worst-case scenarios. - You confuse pre-approved with pre-qualified. These are not interchangeable terms. When you are pre-qualified, the lender is making an educated guess about how much you can borrow based on the information you provide. It is an estimate and nothing more. When you are pre-approved, the lender has verified everything you have told him and "guaranteed" to lend you a certain amount at current interest rates. Even then, however, final clearance is subject to an appraisal of the property you decide to buy. You still haven't crossed home plate until you have a commitment letter stating the rate and loan amount at which you have been approved and for how long. Even then, though, you can be called out if a second look at your credit report a day or two before closing reveals you've incurred some extra debt in the interim. - You have too much credit. Excessive credit is almost as damaging as having bad credit, or even no credit. Credit scoring models tend to focus just as much on the amount of credit you have available as whether you pay your bills on time. Cancel the credit cards you don't use. And postpone those big-ticket purchases until after closing. - You lie on your loan application. It may seem like a little white lie, but exaggerating your income on a mortgage application or putting down other falsehoods is a federal offense. Lenders rarely prosecute liars. But if they find out later that you fibbed, they can call the loan due and payable. What's more likely, however, is that you get approved for a loan or house you really can't afford. Even if your loan officer says it's OK to fudge just a little, don't do it. Don't ever sign your name to a loan application that's not completely filled out. Loan officers have been known to go behind their clients' backs by stretching the truth to get them approved. But it's the borrower who ends up paying the price. - You hide if you can't make the payments. The worst thing you can do is ignore phone calls and letters from your lender when you get behind on your payments. Lenders are bending over backwards these days to keep people in their homes, and they have numerous options to avoid foreclosure. Among other things, they can rewrite the terms so you can start over with a clean slate at a payment you can afford, or they can set you up with a financial counselor who can help you. But they can't do anything for you unless they can talk to you. - You skip a home inspection. Failing to make your purchase contingent on a satisfactory examination of the property by an independent home inspector could be a costly mistake. A good home inspector will go over the place from stem to stern. He or she will be able to tell you whether the roof and/or basement leaks, whether the mechanical systems are in good shape and how long the appliances should last. They can't report on things they can't see, but at least their trained eyes are better than yours. So don't pass up an inspection just to save $300 to $400. - You hire just any agent to sell your house. All real estate agents are not cut from the same cloth. You want to look for those who specialize in your neighborhood and are top producers. If Aunt Bessie or Nephew Nick don't fit that description, look elsewhere. Beware of those who suggest you should be able to obtain top dollar or more. Unless yours is an extra-special house, they may be saying that just to get the listing. If this is the case, you will be brought back down to earth in a few weeks when they tell you the place isn't selling because it is priced too high. - You fail to check out a remodeler. Never hire a contractor who knocks on your door or says his prices are good for only a few days. Whether they are specialty tradesmen who do only one thing like siding or roofing or remodelers who handle large projects like additions or total makeovers, reputable contractors don't solicit door-to-door, and they don't cut prices just because they happen to be in the neighborhood. Check out a potential contractor by calling several past clients, your local Better Business Bureau or consumer affairs agency, and the contractor's bankers and suppliers. It's also a good idea to take a look at his work. What is acceptable to someone else may not be acceptable to you. - You pay too much up front. If a contractor asks for more than a third of the contract as a down payment, chances are something's wrong. At worst, he's a scam artist who has no intention of returning after he cashes your check. At best, he's undercapitalized and can't afford to buy materials without your funds. Or, in between, he could be using your money to pay workers on another job. And one more thing: Never give a contractor cash. - You burn your mortgage. Many people celebrate making their last house payment by holding a mortgage burning party. That's OK, but don't torch the original document. Make a copy and burn that instead. Keep all your loan papers in a safe place. Lew Sichelman, United Feature Syndicate
Posted by at 07:12 PM
March 07, 2005GCRE Client Testimonial regarding team member Richard Doty!Below is a testimonial from one of our GCRE clients, regarding our team member Richard Doty. Great job Richard!! After a lifetime of realtors, I found Richard to be the most caring, thoughtful, honest and dedicated realtor I have met. He was able to hear what I wanted and make educated choices about what would meet my needs. Instead of relying upon me to edit out communities and variables that clearly did not suit me, his ability to listen and discern, meant that what he showed to me suited me. Most realtors are in the business to make a living. Richard is providing a service to which he is dedicated and it happens to be a business. His heart is clearly part of the package. He works with you as if you were his family and his concern is that you end up where you will be happy. I wish Richard worked all over the country, and in fact, I wish he worked in all industries. He takes his experience and his knowledge and intelligence and puts them to work in partnership with you to bring you the best results. Cheers to Richard! -Jessica T Posted by at 12:55 PM
Retirees options in Chicago area growingChoices growing for active adults While some older adult buyers gravitate to retirement communities almost the size of Vermont, others choose to live in smaller conclaves. Posted by at 12:53 PM
February 16, 2005Real estate prices hit double-digit growth in 62 metro areasA record number of metropolitan areas showed double-digit annual price appreciation in median existing-home prices in fourth-quarter 2004, according to a report by the National Association of Realtors. The association's fourth-quarter metro area home-price report, covering 129 metropolitan statistical areas, shows 62 areas with double-digit annual increases in median existing-home prices and only four areas posting modest price declines. The previous record was 49 metros showing double-digit price appreciation in the second quarter of 2004. The national median existing-home price was $187,500 in the fourth quarter, 8.8 percent higher than a year earlier when the median price was $172,400. In the third quarter of 2004, the national median existing-home price was $188,200 and the national annual rate of home-price appreciation was 7.5 percent. The median is a typical market price where half of the homes sold for more and half sold for less. For the year of 2004, the median existing-home price in metro areas was $184,100, compared to $170,000 in 2003 and $158,100 in 2002. David Lereah, chief economist for the national association, said, "We ended 2004 with a record-low supply of homes on the market. With more buyers than sellers nationally, what we're seeing is a natural pressure on home prices as buyers compete to bid on available properties. Fortunately, the historically low cost of debt service on a home purchase means that we have a comfortable buffer in most of the country because the typical family can afford to buy a home well above the median price." The strongest price increase was in the Las Vegas area where the fourth-quarter price of $281,400 rose 47.3 percent from a year earlier. Next came the Riverside-San Bernardino area of California at $322,400, up 34.7 percent from the fourth quarter of 2003. Third was the West Palm Beach-Boca Raton-Delray Beach area of Florida, with a fourth-quarter median price of $338,800, up 34 percent in the last year. Meanwhile, median existing-home prices dropped 4.2 percent in Charleston, W.V.; dropped 3.9 percent in Indianapolis, Ind.; dropped 2.1 percent in Austin/San Marcos, Texas; and dropped 1.3 percent in Beaumont/Port Arthur, Texas, from fourth-quarter 2003 to fourth-quarter 2004. Lereah said analysts looking for signs of weakness will be disappointed. "In the handful of areas with price declines, none had previously experienced rapid price growth," he said. "In fact, they were all lower-cost areas experiencing one or both of the conditions necessary for temporary price softness – local economic weakness, mainly in jobs, or a large supply of homes available in the local market." NAR President Al Mansell, CEO of Coldwell Banker Residential Brokerage in Salt Lake City, said market performance has contradicted predictions of a home-price bubble for four years now. "Although temporary price declines are always possible under the right conditions, people who were scared off by faulty predictions have missed out on the strongest housing market in U.S. history," he said. "Considering rents on comparable properties generally are higher than mortgage payments, and housing returns generally are multiples of a down payment, a little perspective may help. The population is growing faster than the supply of homes, the cost of construction rarely declines and the long-term prospects are positive – one of the largest generations in U.S. history, who believe housing is a good investment, is just entering the years in which people typically buy their first home." Median fourth-quarter metro area resale prices ranged from $87,800 in Beaumont-Port Arthur, Texas, to more than seven times that amount in the San Francisco Bay area where the median price was $656,700. The second most expensive area in the United States was Anaheim-Santa Ana (Orange Co., Calif.) at $627,500, followed by San Diego at $569,900. Other low-cost markets include Springfield, Ill., the second least-costly area, at $93,600, and Buffalo-Niagara Falls, N.Y., with a fourth-quarter typical resale home price of $94,800. Regionally, the strongest increase was in the West where the median resale price was $278,000 during the fourth quarter, up 14.1 percent from a year ago. After the Las Vegas and Riverside-San Bernardino areas, the strongest increase in the region was in Sacramento, with a fourth-quarter median price of $343,800, up 31.5 percent from a year earlier, followed by the Reno, Nev., area, where the median price of $286,200 rose 25.5 percent. Twelve other Western metro areas also experienced double-digit price gains, including Los Angeles, San Francisco, Anaheim-Santa Ana, San Diego and Honolulu. In the Northeast, the median resale price during the fourth quarter was $222,500, rising 13.5 percent from a year earlier. The strongest increase in the region was in the Atlantic City, N.J., area, at $216,500, up 18.9 percent from the fourth quarter of 2003, followed by New Haven-Meriden, Conn., with a median price of $264,600, and Monmouth-Ocean, N.J., at $338,400, both up 16.5 percent, and the Albany-Schenectady-Troy area of New York, where the typical resale price of $168,600 rose 16 percent from the fourth quarter of 2003. Eleven other Northeastern metros had double-digit price gains including the New York City area, Philadelphia, Hartford, Buffalo-Niagara Falls and Providence. In the South, the median existing-home price of $169,700 was 8 percent higher than the fourth quarter of 2003. After the West Palm Beach-Boca Raton-Delray Beach area, the strongest increase in the South was in the Bradenton area of Florida, where the fourth quarter median price of $245,700 rose 32 percent from a year earlier. Next came the Melbourne-Titusville-Palm Bay area of Florida at $172,200, up 30.5 percent, and the Washington, D.C., area, where the median price of $370,800 was 26.9 percent higher than a year earlier. Twenty-two other Southern metro areas experienced double-digit increases in their median price including Baltimore; the Florida metro areas of Miami-Hialeah, Orlando, Ft. Lauderdale-Hollywood-Pompano Beach, and Tampa-St. Petersburg-Clearwater; New Orleans; Norfolk-Virginia Beach-Newport News, Va.; and Birmingham, Ala. In the Midwest, the fourth-quarter median existing-home price of $151,000 increased 6.9 percent from the same period in 2003. The strongest increase in the Midwest was in the Waterloo-Cedar Falls area of Iowa, where the median price of $97,900 was 13.2 percent higher than the fourth quarter of 2003. Next came Springfield, Mo., at $109,100 in the fourth quarter, up 12.4 percent, and the Milwaukee area $199,300, up 11.3 percent in the last year. Aurora-Elgin, Ill., and Fargo, N.D., also had double-digit gains. -------------------------------------------------------------------------------- Copyright 2005 Inman News www.GreatChicagoRealEstate.com Posted by at 04:19 PM
February 11, 2005Do real-estate agents represent the buyer, seller or both?Do real-estate agents represent the buyer, seller or both? A real estate agent represents either the buyer or the seller in a home purchase. That was not always the case. Posted by at 09:52 AM
February 07, 2005When is remodeling a waste of money?Courtesy Top Producer Posted by at 01:27 PM
January 18, 2005First-time buyers get fired up in GrayslakeJanuary 9, 2005 BY BILL CUNNIFF Real Estate Reporter Matt and Christen Bing, both from Lake County, are buying their first home at Village Station, a town-house development in Grayslake. When it was time to move from their apartment in Elmwood Park, they decided to go back to Lake County. "Village Station really matched our needs," Matt said. "The convenience of having the train just steps away was a major reason for our decision, but certainly not the only one. We have a very busy schedule, and the freedom from exterior maintenance was key." Christen is a teacher in Gurnee, and Matt works, and goes to law school too. "The exteriors at Village Station have the look of the homes in the Lincoln Park area, and we really liked that," he said. "We wanted a location close to family and friends." The Bings selected the 1,619-square-foot Berkshire design. It features a living room with a fireplace/entertainment center. In fact, that was a non-negotiable item -- a must-have -- on their wish-list. "That had been decided: Our home would have a fireplace and entertainment center," Matt said. The Berkshire also has a separate dining room. The breakfast nook opens to the deck. Upstairs, the master bedroom hosts a walk-in closet, a private bath and an optional box bay window. The lower level includes a bonus room, suitable for a fitness room, an office or a theater room. The Bings moved into their new home in August. "The staff continually informed us about the progress of our home and the other details of our transaction," he said. "We're very pleased. We feel that our first home has some great luxuries," he said. "Village Station is proving to be a great place to live, with many professional couples like ourselves," he said. Residential Homes of America, the builder plans about 140 units; about half have been sold already. Prices start in the $180,000s. Units have 2 bedrooms, 2-1/2 baths and 2-car attached garages. Sizes range from 1,471 to 1,944 square feet. Some plans have lofts. One plan features dual master bedrooms. Four decorated models are open. Central air conditioning and decks are standard. Village Station, on Lake Street, one-half mile south of Illinois 120 (Belvidere Road), Grayslake. Residential Homes of America, (847) 231-5200. WEST CHICAGO. Two models are open at Prestonfield, a development of single-family homes in West Chicago. Lennar Chicago, the builder, plans 75 houses. Base prices range from $414,900 to $482,100. Sizes range from 2,700 to 3,177 square feet. Houses have 4 bedrooms, 2-1/2 or 3 baths and 3-car attached garages. A dual-access staircase, a two-story foyer and a first-floor den are highlights of the Rousseau model. The dining room features a decorative ceiling and a bay window. The kitchen hosts an island and a walk-in pantry. The breakfast nook opens to the family room. The master-bedroom suite is highlighted by a sitting room and his and hers walk-in closets. The 2,974-square-foot Rousseau is priced from $446,900. A two-story family room with a fireplace anchors the Matisse model. The 3,177-square-foot Matisse -- with 5 bedrooms and 3 baths -- is priced from $461,900. One of the bedrooms, with a full bath, is on the first floor. The master-bedroom suite -- with his and hers walk-in closets -- is set off from the other bedrooms by a bridge overlooking the family room and two-story foyer. Both models feature second-floor laundry rooms. Prestonfield, southwest of the intersection of Illinois 59 and Illinois 64, West Chicago. Lennar Chicago, (630) 876-9047. SHOREWOOD. About 150 single-family homes are planned in the first building phase at Edgewater, a development in Shorewood. Sales are scheduled to commence in February. Prices will start in the high $200,000s. Eleven floor plans are sized from 1,806 to 3,635 square feet. Altogether, 325 homes are planned. The 3,052-square-foot Bristol floor plan has 4 bedrooms, 2-1/2 baths and a 2- or 3-car attached garage. A fifth bedroom is optional instead of a loft. Highlights include a two-story foyer, a formal living room, a dining room, a family room and a breakfast nook. Upstairs, the master bedroom has his and hers walk-in closets. Edgewater, Shorewood. Kimball Hill Homes, (800) 544-0290. MONTGOMERY. Models are open at Fieldstone Place, a town-house development in Montgomery. Grand Pointe Homes, the developer, plans 110 units. Prices begin at $173,900. Sizes range from 1,566 to 1,613 square feet. Units have 2 or 3 bedrooms, 1 to 3 baths and 2-car garages. In one option, buyers can opt for two master-bedroom suites (both with walk-in closets) on the second floor. Fieldstone Place, Montgomery. Grand Pointe Homes, (630) 859-2800. Posted by bkleinhe at 08:01 PM
January 14, 2005Home Builders Show!The New American Home 2005 unveiled this week at the International Builders' Show in Orlando will feature a distinctive design that unites luxury with evolving lifestyle needs. Builder Goehring and Morgan Construction collaborated with architects Bloodgood Sharp Buster Architects and Planners and interior designer Saxon-Clark to craft an elegant Mediterranean-style home with family-friendly amenities that works in harmony with the outdoor environment. "We believe we've designed a home that is not only integrated with the natural environment, but that supports a lifestyle that allows families to grow and age in comfort," said Kim Goehring, president of Goehring and Morgan Construction. "We achieved that by constructing a home that embraces, but is not overpowered by, new technology and automation," added architect Ed Binkley, a partner with Bloodgood Sharp Buster. The handicapped-accessible, 9,036-square-foot house incorporates home automation, new technology, energy efficiency and healthy home construction techniques. The home will use 47 percent less energy for heating and cooling, and 64 percent less energy for water heating, than a traditionally constructed house of a similar size in the same climate. Other high-tech features include technology that will link a dozen televisions positioned throughout the house with telephones, computers, lights, and security and audio systems, which easily can be controlled via touch-screen keypads and remotes, coupled with LCD (liquid-crystal display) monitors that allow computers and televisions to be used interchangeably. Further, homeowners will be able to program lights, control shades, monitor the front door, activate the sprinkler system, turn on the central vacuum and chlorinate the swimming pool from anywhere in the house. The home includes a master suite, four bedrooms, library, game room, private courtyard with a pool and a spacious three-car garage. The National Council of the Housing Industry, the National Association of Home Builders' organization of building product manufacturers and suppliers, annually sponsors The New American Home with Builder magazine. The New American Home 2005 is located at 4397 New Broad in Orlando, about 10 miles from the Orange County Convention, in Baldwin Park, an upscale, mixed-use development with architecture reminiscent of the pre-1940s Central Florida era. Registered attendees at the 2005 International Builders' Show can tour The New American Home during exhibit hours through Sunday, Jan. 16. *** Posted by at 03:25 PM
Home Ownership Improves Your HealthFannie Mae studies relationship between wealth, health Posted by at 02:33 PM
January 01, 2005Lots of closet space ranks No. 1 with home seekersMy favorite things in my 5-year-old house in Mundelein are things most people wouldn't even look at twice -- closets. We have a small closet off our family room in the hall leading to the bathroom. We store the kids' toys, books, photo albums and blankets there. We also have a full closet in our first-floor den, a double-door coat closet in the foyer and a small closet in my laundry room. There's a linen closet in my master bathroom and, of course, a linen closet near the kids' bedrooms. I would always insist on a linen closet in the master bath. Who wants to bend over under the sink to get all those personal things and cleaning products? Plus our towels and sheets are much more organized on the closet shelves. The laundry room closet and big coat closet are great, especially with Chicago's changeable weather. You never know which coat you'll need. And there's extra space for guest coats, too. Kristine Asmussen, Mundelein Thaddeus Wong, co-founder of the real estate brokerage firm, @properties, says closets can make or break a real estate deal. For high-end buyers, "luxury closet space is at the top of the list." Some have spent upwards of $20,000, $30,000 or even $50,000 finishing the closet interiors, he said. In the middle range, closets play a big role in a purchase, differentiating one unit from another. When it comes to entry-level new construction and condo renovations, there is very little closet space to worry about, a result of trying to create affordable units, Wong said. "Then what becomes important is storage space elsewhere in the building." www.GreatChicagoRealEstate.com Posted by at 10:33 PM
December 27, 2004Get your dollars worth!So you've decided to take the plunge and redo the kitchen, or put on a sprawling new deck, or add that central air conditioning you so desperately wanted last summer. The plans are drawn, the contractor is ready to go, and you suddenly have a concern you hadn't thought of before: Is this a good investment? How well a remodeling project pays back on its initial cost is dependant on a number of factors, and you need to weigh at least some of them before you make the decision to move ahead. For example, the payback on remodeling in general is better in a hot real estate market where homes are moving quickly, as opposed to an area where the market is slow. This is especially worth considering if you plan to sell your home soon after the remodeling is complete. You also want to consider the type of project you're undertaking, and how it relates to the homes in your area. If the market around you is particularly good for homes with two bathrooms, and you want to add a second bathroom to your current one-bath home, the return on investment will be better then if you had spent the same amount of money to add a third bathroom to your existing two. Another example of this is the danger of overbuilding. If you construct a room addition and make your house 2,600 square feet in a neighborhood of 1,700-square-foot homes, chances are that the percentage of payback versus investment will be pretty low. If you are planning on doing all or most of the remodeling work yourself, you can typically reap some rewards by keeping the investment for the project lower than if you had hired a contractor to do it. But remember – that reward assumes that you can do a quality job. If you construct a room addition that doesn't blend with the existing house, or do a quick and shoddy kitchen remodel with bargain-basement materials, you may actually end up lowering the value of your home. With all that said, here is the typical percentage of payback per dollar spent for a number of popular remodeling projects. Remember – these are only averages compiled from a number of different survey sources, and may vary considerably for your particular home: Minor kitchen remodeling: approximately 94 percent to 104 percent. Install central heating system*: approximately 100 percent to 102 percent. Major kitchen remodeling: approximately 90 percent to 94 percent. Bath addition: approximately 92 percent. Bath remodeling: approximately 77 percent to 85 percent. Central air conditioning*: approximately 75 percent. Family room addition: approximately 85 percent to 87 percent. Decks: approximately 73 percent to 83 percent. Replace windows*: approximately 68 percent to 74 percent. Add a home office: approximately 55 percent to 65 percent. Add a swimming pool*: approximately 44 percent. Add landscaping: approximately 30 percent to 50 percent. Remodel a basement: approximately 15 percent. *These items can pay back considerably more or less depending on the region of the country, and the climatic conditions. For example, adding a swimming pool in Oregon will probably not pay back as well as adding one in Arizona. Posted by at 05:10 PM
November 30, 2004Ouch!SOUTH BEND, Ind. -- Tyrone Willingham was dismissed as University of Notre Dame football coach Tuesday, three years into a five-year contract. "We simply have not made the progress on the field that we need to make," athletic director Kevin White said. "Nor have we been able to create the positive momentum necessary in our efforts to return the Notre Dame program to the elite level of the college football world." No action has been taken on a successor to Willingham, White said. White praised Willingham's handling of the team, but pointed to its struggles in winning games. "From Sunday through Friday our football program has exceeded all expectations, in every way," he said. "But on Saturday, we've struggled. We've been up and down and sideways a little bit." Willingham had a three-year record of 21-15. Notre Dame went 6-5 this season. Speculation on a successor immediately centered on University of Utah coach Urban Meyer, a former Notre Dame assistant. Meyer, who has guided undefeated Utah to a No. 6 national ranking, reportedly has an out clause in his Utah contract allowing him to seek the Notre Dame job if it became available. Meyer said he hadn't heard about Willingham's departure from Notre Dame until he was asked about it by The Associated Press on Tuesday. Asked whether he has had any contact with Notre Dame or whether he would be interested in coaching the Fighting Irish, Meyer responded: "I won't comment on it." Notre Dame started the 2004 season on a sour note with a loss at Brigham Young, but bounced back with an upset victory over Michigan and a win over Michigan State. The Irish also beat Tennessee, which was ranked 11th at the time. But losses at home to Boston College and Pittsburgh had ND supporters grumbling, and rumors of a possible change surfaced after Southern California beat Notre Dame by 31 points in the regular-season finale, the third straight year the Irish had lost to the Trojans. Floyd Keith, executive director of the Black Coaches Association, said he was disappointed with Notre Dame's decision. "In three years, I think he has done everything, short of winning a national championship and I don't think he inherited national championship talent," Keith said. White and Willingham met with some players Tuesday to tell them of the firing. "As a player, you think it's our fault. We didn't get the job done," senior tight end Jared Clark said. "I think coach Willingham was a great coach and I enjoyed playing under him." Willingham came to Notre Dame from Stanford after the 2001 season. Stanford also has an opening after firing Buddy Teevens, Willingham's successor, on Monday. Associated Press contributed to this report. Posted by at 05:07 PM
November 14, 2004Tough loss for the Irish!SOUTH BEND, Ind. -- With 2 minutes 24 seconds left in the game, Pittsburgh quarterback Tyler Palko became the first opponent to throw for five touchdowns against Notre Dame. With one second left in the game, Pittsburgh kicker Josh Cummings did something three other opponents have managed this season—breaking Irish hearts—when his 32-yard field goal gave the Panthers a 41-38 victory over the 24th-ranked Irish, their first at Notre Dame Stadium since 1986. Notre Dame (6-4) has plenty of time to ponder its latest loss before it final regular-season game at No. 1 Southern Cal on Nov. 27. "This game was about missed opportunities," Irish linebacker Derek Curry said. "If you execute one week and not the next, it can turn out like this." Notre Dame's execution wasn't all bad, although it was flagged a season-high 10 penalties for 119 yards. Starting the second half down 28-21, the Irish forced Pittsburgh (6-3) to punt after three plays. Carlyle Holiday then returned the kick 68 yards to the Pittsburgh 19. On the next play, Irish quarterback Brady Quinn hit fullback Rashon Powers-Neal for a touchdown to tie things up 28-28. Notre Dame forced Pittsburgh to go three-and-out on each of its next two possessions as well. But the Irish defense wasn't nearly as stout in the first half, when Pitt converted on one fourth down and 8 of 9 third downs. "The offense kept us in the game and we came into the locker room at halftime needing to refocus and play better," Irish linebacker Mike Goolsby said. Until the final minutes of the game, the Irish did just that. Early in the fourth quarter, Pitt grabbed a 31-28 lead on Cummings' 27-yard field goal. Notre Dame reclaimed the lead and the momentum halfway through the fourth quarter when Quinn launched a 36-yard touchdown pass to wide receiver Matt Shelton. Shelton also set up two of Notre Dame's three first-half scores with a pair of 46-yard receptions from Quinn. Each time tailback Darius Walker, who led the Irish with 112 yards on 16 carries, ran for the score. Quinn completed 15 of 26 passes for 259 yards and three TDs. Those performances, although superlative, weren't sufficient. After Shelton's last TD, Pitt utilized two pass-interference penalties to keep a 69-yard drive alive and scored on a 9-yard pass from Palko to Erik Gill for a 38-35 lead with 2:24 left. Palko finished 26-for-42 for 334 yards. Notre Dame's offense answered Pitt's score with a tying field goal. The Irish faced second-and-1 at the Pittsburgh 23 with a bit less than two minutes on the clock. But a run for a loss and a dropped pass later, the Irish had to settle for a 45-yard D.J. Fitzpatrick field goal that banged off the left upright and through for a 38-38 tie with 1:11 left. Pitt, 2-1 in overtimes this season, ensured this game would be won in regulation. After the kickoff, Palko hit Gill on a short pass. Goolsby went for the strip, but Gill eluded him for a 36-yard gain. A 7-yard completion and a 13-yard run set up the winning kick. "I told the guys, 'You'll remember this for the rest of your lives. You'll remember this, so make sure it's a good feeling,"' Palko said of the final drive. "I looked every one of them in the eyes. I saw the look in their eyes, they saw the look in my eyes." www.GreatChicagoRealEstate.com Posted by at 11:23 AM
November 11, 2004Special DeliveryCourtesy The Beacon News When we were children we delighted in receiving it. As adults we are not quite so enthused. I am talking about the mail. Posted by at 12:27 PM
November 08, 2004Holiday season best time to buy real estateReprinted Courtesy Top Producer Buyers urged to include vital terms in purchase offers If you are thinking about buying a house or condo while mortgage interest rates are still low, it's not too late. We are now entering the best time of the year to buy a home. Also known as the slow season for home sales, during this period only highly motivated sellers have their homes listed for sale. Because there are few competing buyers searching for homes during the holiday season, November, December and January are ideal times to purchase a residence.
Posted by at 11:39 AM
November 02, 2004Managing home energy costs -- and comfortCourtesy Chicago Sun-Times When it comes to managing home energy costs, your best defense is a strong offense. Taking steps to improve the energy efficiency of your home will not only save you money on utility costs, but you'll improve personal comfort as well. Posted by at 12:35 PM
October 28, 2004TRUMPTrump kicks off construction process of 90-story Chicago tower Donald Trump and his famous apprentice kicked off the demolition of the former Chicago Sun-Times building Thursday, where Trump plans to build a glitzy 90-story condominium and hotel tower with units starting at $636,000 — for a 696-square-foot studio. The Donald waved to an enthusiastic crowd, shook hands and signed autographs as he arrived to watch a backhoe rip into the entrance of the squat, barge-like building on the Chicago River. He continued to wave like a politician through an open window of his limousine as he left about 30 minutes later. Trump talked about how great Mayor Richard Daley is, how great Trump's architect on the project is, and how Chicago is a "truly great" city that's about to become "a little bit greater with this building." As he has done in the past, Trump trumpeted the planned Trump International Hotel & Tower, saying it has created a buzz that other construction projects can't match. Where else, he wondered, has anyone ever sold $500 million worth of units even before a site was cleared of the previous building. "Does this happen when other developers come to Chicago?" Trump asked the crowd. "No," several people shouted. Part of Thursday's buzz was the result of Bill Rancic, the Chicagoan selected by Trump on the television show "The Apprentice," who appeared with his boss. Rancic, who chose the Chicago project to "manage," said his role will actually be closer to that of an assistant. "I'm one of the owner's representatives here," he said. "As the owner's representative, you're the eyes and ears for Donald Trump." Trump would not talk about the financing of the building or comment on a report in the Chicago Tribune that he had secured $160 million from investors and a $650 million construction loan from Deutche Bank. "Obviously we're doing very well or ... we wouldn't be ripping down the building," Trump said. Trump, whose plans originally called for a 150-story high-rise that would have made it the tallest in the world, dismissed any skepticism about whether he could pull the project off. "This building is going to be something very special," he promised of the structure, which is to include 461 luxury homes, 227 hotel guest rooms and suites, 90,000 square feet of boutique shopping, a 60,000-square foot health club, two ballrooms and a 1.2-acre park and riverwalk. Others have their doubts. J. Paul Beitler, a major Chicago developer, said there is skepticism in the development community about how much interest there really is in the building in which units are for sale for anywhere from $636,000 to more than $25 million. "No one in Chicago seems to have any personal friends or acquaintances in Chicago who have purchased a unit in the building," he said. He also said that while the prices Trump is asking might not raise an eyebrow in New York, they may be too rich for the blood of Chicagoans. Tere Proctor, the director of sales for the project, said about 75 percent of the units are sold, the bulk of those to people in the Chicago area. www.GreatChicagoRealEstate.com Posted by at 08:38 PM
October 21, 2004Capital Gains InfoIRS Finalizes Capital Gains Regs There have just been some important final clarifications to the rules about capital gains on profits from the sale of a house, especially if you keep the house for less than two years. Congress made the basic streamlined tax code changes back in 1997 and 1998. But, the IRS has just gotten around to issuing the final regulations that tell early sellers how much – if any - of their profits they can shelter from the federal capital gains taxation. Here’s how it goes… Basically, the new regulations deal with exceptions to the $500,000 and $250,000 tax-free exclusion provisions of the 1997 and 1998 statutes. Those laws allow married, joint-filing home sellers to pocket up to $500,000 in sale profits ($250,000 for single filers) tax-free, provided that they owned and used the house as their principal residence for an aggregate two years out of the five years preceding the sale of the property. They also provide exceptions for certain homeowners who, for reasons of health, employment change or "unforeseen circumstances," sell their homes before they were able to meet the two-year minimum holding standard. Qualified home sellers will get a "reduced maximum" capital gains tax exclusion, based on the amount of time they owned and used the house. So, for example, a couple who bought a house and had to sell it just 18 months later because of an unexpected employment transfer could be entitled to take up to three-quarters of the maximum $500,000 tax-free exclusion. A single owner who had to sell after a year of ownership because of an incapacitating, unexpected illness might qualify for half of the standard $250,000 maximum. What exactly are "unforeseen circumstances"? For starters, you can’t claim that you experienced an "unforeseen circumstance" in the event you win the lottery and have developed an overwhelming desire to own a bigger, better house. Sorry. What does qualify as circumstances "that the taxpayer could not reasonably have anticipated" at the time of purchasing the house includes:
• The "involuntary conversion" of your home; for example, when the state government requires you to sell your house to make way for a highway. • Natural or man-made disasters or acts of war or terror that damage the residence. • The death of the homeowner, a spouse, co-owner or other person whose principal place of residence is the house that was sold. • A loss of employment triggering eligibility for unemployment compensation. • Divorce or legal separation. • Multiple births resulting from the same pregnancy. Posted by at 09:04 PM
October 10, 2004Irish Win again!SOUTH BEND, Ind. -- Eleven months ago, Notre Dame beat Stanford by 50 points in Palo Alto, Calif. Saturday's game bore little resemblance to that romp. This time around, the Irish had to muster all of their intensity to defeat a much-improved Cardinal team 23-15 at Notre Dame Stadium. "So much better. They are so much better," Irish defensive coordinator Kent Baer said. "The quarterback has made them better. The receivers are better. The offensive line ... they were pretty effective." He could have said the same about Notre Dame's defense. Stanford's chances came early and often. But instead of claiming the jackpot, the Cardinal (3-2) was forced by the Irish defense to settle for small change, two field goals on two first-quarter first-and-goal situations. "As a defense you never want to let people put points on the board, but we'll take three over seven any day," linebacker Derek Curry said. On its first possession, Stanford capitalized on excellent starting field position—its own 47-yard line. Its nine-play, 42-yard drive was capped by Michael Sgroi's 27-yard field goal for a 3-0 lead. On its next possession, the Cardinal offense moved the ball 75 yards before giving way to Sgroi, whose 20-yard field goal made it 6-0. "The difference may have been not putting the ball in the end zone in the first half," flanker Evan Moore said. "If we go up 14-0 on the road, that's a whole different game." Instead, the Cardinal went into the locker room nursing a 6-3 lead. Notre Dame (4-2) came out ready to wrest the advantage away. Stanford took the opening drive of the second half 60 yards, setting up Sgroi for his third field goal. On the ensuing possession, Notre Dame survived a fumble, a flag and a fourth-and-goal as Ryan Grant capped the team's longest scoring drive of the season—6 minutes 27 seconds—with a 1-yard TD run for a 10-9 lead. The advantage was short-lived. The Cardinal drove 80 yards in the next nine plays to retake the lead 15-10. In doing so, however, the Cardinal also ignited the passions of the Irish defense. "Anytime somebody takes the ball and drives down the field, you get fired up," Curry said. The Irish also followed up, matching the emotion with execution. On Stanford's next possession, Notre Dame's defense held it to one series of downs. Then Stanford punter Jay Ottovegio fumbled the snap with Irish linebacker Corey Mays swooping in to prevent the kicker from running with the ball. "I just looked up and saw the opportunity to make a big play," said Mays, a former star at Morgan Park High School. Grant did the same several times over on the ensuing drive, accounting for 26 of Notre Dame's 27 yards, including the final 3 into the end zone for a 16-15 Notre Dame lead three minutes into the fourth quarter. The Irish added an insurance touchdown almost eight minutes later. "It was a barn-burner," Irish coach Tyrone Willingham said. "We weren't trying to burn down the barn. It was hard for me because I didn't think we were playing the way I know we can." Grant, sidelined for the last two games with a sore left hamstring, finished with 67 rushing yards, the same as the entire Cardinal offense combined. Darius Walker led the Irish with 82 yards on 20 carries. Brady Quinn, who threw for 432 yards the week before against Purdue, was 11 of 24 for only 173 yards. That, however, was scant consolation for Stanford coach Buddy Teevens. "We had our opportunities to stop [Quinn]," Teevens said above the faint strains of the Irish celebration. But, "a loss is a loss, any way you put it." Posted by at 06:43 PM
September 25, 2004Go Irish!SOUTH BEND, Ind. -- Brady Quinn tied a school record with four touchdown passes to lead Notre Dame to a 38-3 victory over Washington on Saturday. Washington (0-3), which hasn't had a losing season since 1976, is off to its worst start since 1969. The Huskies lost their first nine games that year before beating Washington State in the season finale. Quinn's fourth TD pass tied a school record done eight times previously, the last time by Carlyle Holiday. About the only disappointment for Notre Dame on Saturday was that after playing their best half offensively, the Irish couldn't move the ball in the second half. It was especially disappointing because Notre Dame coaches had stressed the need to finish strong after letting Michigan State stay in the game a week earlier. But the Huskies -- who were held without a touchdown for the first time since a 16-3 loss to Arizona in 1992 -- never got back in the game. Th | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||