Heidi Engel BROKER/Realtor ADPR,SRES,CNE,FSSR 847-910-2001

1715 Burning Bush Mt Prospect IL 60056-JUST LISTED-HUGE 2Story Colonial-4/5 bedrms-3.1 baths- Heidi Engel REMAX (edit/delete)

GREAT PRICE--NO KIDDING--Not a Short Sale or Foreclosure-HUGE Aldridge Built (all brick around 1st level) 2story w/over 2800 finshd sf of living area! 4-5 Bedrms-3.1 baths!!! GREAT sized front porch, New complete eat-in maple kit w/granite counters, stainless micro, stove + dishwasher + BIG FORMAL Dining rm, massive bright Living rm, new tear off roof w/architectural shingles, Hrdwd flrs t/o most of the home, 4 GIANT sized bedrms w/huge closets in all, 1st flr family rm off the kitchen, finshed RecRm w/WB Frplce, 5th br or office & luxury bth w/whrlpl (in-law?), Quiet large fncd yard (almost 1/4acre) w/shed, Excellent Condition with an even a BETTER PRICE-We CAN MOVE QUICK so you can still take advantage of the TAX CREDIT---HURRY, HURRY, HURRY---We are the best priced/sf around!!

Heidi Engel REMAX Suburban 847-910-2001        LISTING + SELLING Mount Prospect for over 20 YEARS!!
More Info and Pictures at http://www.HeidiEngel.com
As Featured on Mt Prospect Village Website:
http://www.elocallink.tv/vp6/spon-fcsa_a.php?sponid=10865&activate=1

 

Posted by Heidi Engel BROKER/Realtor, ADPR, SRES, FSSR on 03/30/2010 04:46 PM

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mount prospect homes for sale, mt prospect il real estate, mount prospect il homes for sale, mt prospect housing

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Dear Seller, About that number in your head.... (edit/delete)

Excellent post--straight forward and to the point!

Via Ruthmarie Hicks

Whenever I go on a listing appointment, I generally find that the seller already has a “number in their head” about what their home should sell for.  This number can come from various sources.  It is – unfortunately – almost always higher than the current market can command.

In truth, I can’t blame sellers for this…their minds have been levered to continued price increases to such an extent that the current market has left most sellers blind sided.

The first thing I often hear is that “I need to get X out in order to buy my next home which I can now get for Y  because its gone down in price.    The trouble if the property you want to buy has gone down so much in price, chances are the property that you want to sell has gone down by a similar percentage.  Wishful thinking is often the culprit here.  Markets are fluid – that was fine when prices were going up – but it also holds true when prices decline.

Misinformation is another issue.  Many sellers look at what their neighbor is asking for their home.  Asking isn’t getting.  Many listings are overpriced  in this market – so setting your price on the basis of other listings is not a wise strategy.

“But my neighbor sold their house for X just six months ago!”  Six months is a lifetime in a depreciating market.   If your market is depreciating – and many markets still are – then prices have decreased over six months.

Zillow zestimates and other information on the internet may or may not be accurate.  Zillow has been off as much as 25% in our area.   So if the zestimate of your property seems too good to be true, it probably is.

If you need to sell, price your home competitively – this is particularly important in a declining market where inventories are high and buyers are few. Overpricing your property will result in fewer or no showings.  The property will sit as the market declines further – resulting in an even lower price down the road.   Overpricing a home is just about the worst thing you could do in this competitive market.

© 2010 Ruthmarie G. Hicks – http://thewestchesterview.com – All rights reserved.

Dear Seller, About that number in your head….

 

Posted by Heidi Engel BROKER/Realtor, ADPR, SRES, FSSR on 03/30/2010 08:29 AM

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Good News....Bad News (edit/delete)

I just read an article in Money Magazine, they have listed the top ten 10 cities in the USA where they are predicting that home prices will rise in the next year---that's the good news......They have also listed the 10 cities that they believe will show the steepest declines.

Prediction UPWARD:                                                               

· Santa Rosa, Calif., 6.0 percent                            

· Cheyenne, Wyo., 4.7 percent

· Kennewick, Wash., 4.6 percent

· Merced, Calif., 4.4 percent

· Bremerton, Wash., 4.2 percent

· Fairbanks, Alaska, 4.2 percent

· Corvallis, Ore., 4.1 percent

· Tacoma, Wash., 3.9 percent

· Anchorage, Alaska, 3.8 percent

· Bend, Ore., 3.3 percent

 Prediction DOWNWARD:  

· Miami, -22.5 percent

· Fort Lauderdale, Fla., -21.3 percent

· West Palm Beach, Fla., -18.5 percent

· Phoenix, -18.5 percent

· Las Vegas, -15.4 percent

· Tampa, -13.8 percent

· Pensacola, Fla., -13.6 percent

· Gainesville, Fla., -13.4 percent

· Suffolk, N.Y., -13.4 percent

· New York City, -12.9 percent

Any upswing is great news, unfortunately my area is not on the upward list,.......but I am thanking my lucky stars, we are not listed on the declining list either!

Neighborhood specific stats upon request, Just give me a call and I will gladly send them to you.

Heidi Engel REMAX BROKER/Realtor ADPR/SRES/FSSR    HeidiRemax@aol.com      www.HeidiEngel.com

Listing + Selling the Northwest Suburbs for OVER 20 YEARS!!!

 

Posted by Heidi Engel BROKER/Realtor, ADPR, SRES, FSSR on 03/29/2010 06:46 AM

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USA Rising Home Prices, Declining Home Prices in the Real Estate Market Channel

cities showing home appreciation, cities showing home prices falling, declining home prices, rising home prices

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