Homebuying in 2024 and 2025 • November 13, 2024

Why Sell Now Even With Higher Mortgage Rates?

by Robin Saichek

Why Some Homeowners Are Deciding to Sell Now

Lately, a lot of homeowners have been putting off moving because they don’t want to sell and end up with a higher mortgage rate on their next home.

Maybe you’re in the same boat? It’s one of the main reasons why there are so few homes for sale right now.

But, more and more people are deciding to sell anyway, for personal or lifestyle changes.

If you’re on the fence about moving, check out some of the top reasons others are choosing to sell. You might find these reasons convincing enough to make your move now, too.

Time for a Change

Sometimes, a new job in a different city, wanting to be closer to family, or just craving a change of scenery can make you want to sell. For example, if you’ve landed an amazing job offer that requires you to relocate, putting your current home on the market might be the next logical step.

Just Not Enough Space

Your current home might not fit your lifestyle anymore. Maybe your family is growing, you need a home office, or you want more room for entertaining. For instance, if you live in a condo and have a baby on the way, selling might be the best move so you can find a larger home that suits your needs.

Retirement or Downsizing

On the flip side, some people are ready to downsize. The kids have moved out or you just want less to maintain. If you’re newly retired and dreaming of a simpler lifestyle, downsizing to a smaller home could free up both time and resources to enjoy this new chapter of life.

Changes in Relationship Status

Divorce, separation, or marriage often mean you need new living arrangements. If you’ve just gone through a life changing event, selling might help you move forward and find a situation that works better for you now.

Health and Mobility Needs

Health concerns also drive the decision to sell. A home might no longer suit your needs. If this sounds like you, a more accessible space, or using the proceeds or selling for assisted living, could significantly improve your quality of life.

Bottom Line

Selling is about making the best decision for your lifestyle and future. If a major life change has you thinking about moving, now might be the right time to sell. Contact me as your trusted real estate professional to help you navigate the entire process.

Homebuying in 2024 and 2025 • November 4, 2024

Local Real Estate Post Election

by Robin Saichek

Chicago and North Shore Real Estate Market: What to Expect Post-Election

As the presidential election wraps up, the Chicago and North Shore real estate market will start feeling its effects. Here are some potential trends and points to consider:

Buyer and Seller Activity

• Increased Buyer Confidence: Many buyers prefer to wait out the uncertainty of an election, so we may see renewed buyer interest afterward. Those who were hesitant might feel more confident making a purchase.

• New Inventory from Sellers: Some sellers delay listing until post-election, anticipating more buyer activity. The market may see an uptick in new listings, offering fresh opportunities for buyers.

Mortgage Rates and Affordability

• Mortgage Rate Stability: While interest rates have fluctuated, they are expected to remain relatively stable for now. Buyers and sellers should keep an eye on announcements, as any shifts could influence affordability.

• Price Adjustments: The mix of inflation concerns, interest rates, and local demand might create a unique balance, potentially softening price increases and providing more breathing room for buyers.

Suburban vs. City Demand

• Continued Suburban Demand: The North Shore suburbs remain popular among buyers looking for more space and access to top-rated schools, green areas, and commuting convenience.

• Urban Rebound in Chicago: With downtown revitalization efforts underway, there’s been renewed interest in city living. New amenities, housing developments, and transportation upgrades could help attract young professionals and families.

New Construction and Development

• New Projects on the Horizon: Local developments, especially in North Shore suburbs, could lead to increased construction of luxury homes, multi-family residences, and green spaces that attract new buyers to the area.

• Eco-Friendly and Smart Homes: There is a growing trend toward sustainable building and smart technology in new homes, appealing to buyers looking for energy efficiency and modern features.

Market Trends and Competition

• Competitive Price Points: Expect competition to remain tight in popular areas of the North Shore, as limited inventory meets high demand, especially in entry-level and mid-tier price ranges.

• Upscale Market Opportunities: Higher-end properties might experience a more gradual sale process, which could lead to strategic pricing adjustments and potential bargains for high-end buyers.

Regulatory and Tax Changes

• Impact of Local Policies: Changes at the state or federal level in property taxes, deductions, or incentives could affect affordability, influencing both investor and buyer behavior.

• Affordable Housing Developments: As affordable housing initiatives gain traction, they could shift the local market landscape, especially within Chicago neighborhoods.

Key Takeaways for Buyers and Sellers

• For Buyers: If you’ve been waiting to buy, monitor rate trends and consider acting before any potential hikes. Flexibility and readiness to move quickly in competitive areas could be beneficial.

• For Sellers: As buyer activity picks up, now may be an ideal time to list, especially if you’re in a high-demand area. Preparing your home to stand out in the post-election market can give you a competitive edge.

As the dust settles from the election, the real estate market in Chicago and the North Shore will be reshaped by both national and local changes. Keeping informed and working with a knowledgeable realtor will help you navigate this evolving landscape confidently. ®

Homebuying in 2024 and 2025 • November 1, 2024

Tips I Give My Buyers if They Visit Open Houses

by Robin Saichek

Top Tips for my Clients Visiting Open Houses

As your trusted real estate advisor, I want to ensure you make the most of your open house visits. Here are some personalized tips to guide you through the process:

1. Do Your Homework

Before you head out, take a peek at the property online. Check out the listing details, photos, and any virtual tours. This will give you a good idea of what to expect and help you pinpoint areas you want to focus on during your visit.

2. Create a Checklist

Jot down your must-haves and deal-breakers. This list will keep you on track and ensure you don’t miss any important features. Think about things like the number of bedrooms and bathrooms, the kitchen’s condition, and overall layout.

3. Take Notes and Photos

Bring along a notebook and your smartphone to document your visit. Note the property’s condition, any repairs or updates needed, and your overall impressions. Photos can help you remember details and compare homes later.

4. Ask Questions

Don’t hesitate to ask the listing agent questions. Find out about the age of the roof, HVAC system, and appliances. Ask about the neighborhood, schools, and any upcoming developments. The more information you gather, the better your decision will be.

5. Observe the Neighborhood

Take a stroll or drive around the neighborhood. Look for signs of a well-maintained community, like clean streets, well-kept lawns, and friendly neighbors. Consider how close you are to amenities like grocery stores, parks, and public transportation.

6. Check for Red Flags

Keep an eye out for potential issues such as water damage, foundation cracks, or signs of pests. These could mean costly repairs in the future. If you spot anything concerning, it might be worth bringing in a professional inspector for a closer look.

7. Trust Your Instincts

Lastly, trust your gut. If a house feels right and ticks all your boxes, it might be worth pursuing further. On the flip side, if something feels off, don’t ignore that feeling. There are plenty of homes out there, and it’s important to find one that feels just right for you.

Happy house hunting! 🏡✨

Prepare Your Home To Sell • March 10, 2023

Is Now the Time to Sell Your Property?

by Robin Saichek

https://www.roomvu.com/agent/robin-saichek-1

While I do have access to up-to-date information on the current real estate market conditions in Chicagoland, I can also provide you with some general guidance on what factors to consider when making a decision to sell your property.

First, my data will help you assess the local real estate market conditions in your immediate area. Factors that can impact the real estate market near you include the economy, the cost of financing (interest rates) and the local housing inventory in your neighborhood or in your condo building.
Second, you’ll need to evaluate your personal circumstances and objectives. Are you looking to sell quickly or are you willing to wait for the right offer? Are you relocating, downsizing or upgrading? Answering these questions can help determine if now is the right time to sell.
And last, as your local real estate, I will provide you with up-to-date market insights and help you make an informed decision based on your specific circumstances.

Overall, the decision to sell your property should be based on a combination of market conditions and your personal circumstances, and it is important to weigh all the factors before making a decision.

Prepare Your Home To Sell • February 3, 2023

Improvements That Sell Your Home for More $

by Robin Saichek

Hardwood floors are a timeless classic. Refinishing them before you sell is a no-brainer. Adding new wood floors if you have none will always bring a great return.
A new garage door or front door will provide a big boost for your curb appeal at a relatively modest cost
A fresh coat of paint, the same light neutral in every room, improves flow and makes everything seem bigger and more upscale
Service your HVAC. Air quality is top of mind these days, so servicing or replacing your system is timely and cuts utility costs. This will make a home inspection go more smoothly
Declutter declutter declutter. Minimalism is key. If you have vacant rooms, virtual staging helps too.

Find me for all of your real estate needs at coldwellbankerhomes.com/il/chicago/age

@RobinSellsHome

Prepare Your Home To Sell • January 12, 2023

Staging Your Home To Sell

by Robin Saichek

10 staging tips in 2023

Clean is more important than staged. Staged homes that are less than immaculate may show well online, in person, lack of cleanliness an instant turnoff. Money spent on staging dirty home will be wasted.
Go big or go home. A few staged rooms or new pieces here and there won’t have the desired impact. Need a consistent design
Start at the curb. For houses and townhomes, don’t forget the front yard, plantings, the walkway to the front door and the front porch area including, house numbers, door décor and mailbox.
Make sure storage areas are not a turnoff. The basement, attic or garage are fair game for storage, just make sure it’s neat and organized. Get rid of clutter in the closets. It will make buyers feel they will outgrow this home shortly.
Use what you have. Consult with myself or a stager on how to use existing items, what to keep and what to remove is invaluable, if you need to get on market quickly as possible.
Use Virtual Staging (attached photos.) If the cost of staging is out of line with your budget or a property is vacant, virtual staging is the best way to help buyers looking online to visualize your property furnished and enticing.
Don’t be afraid to mix styles. A rustic-style home doesn’t require rustic furnishings. Mixing styles attracts a wider audience.
Distinctive elements. Highlight standout features of a home or condo, an unusual kitchen backsplash can make an impression.
Think aspirational. Staging is used to create a buyer’s dream home.
Spend a little money. I have a staging consultation incorporated in my home selling process. I believe so strongly in the value of staging that I guarantee the cost will be recouped. A home is where we live and a stage for the life we will lead there. When it comes to tapping into buyer emotions, staging is a huge marketing advantage.

BEFORE VIRTUAL STAGING

AFTER VIRTUAL STAGING

BEFORE VIRTUAL STAGING

AFTER VIRTUAL STAGING

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