Chicago South Real Estate

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Real Estate Agent - EXIT Strategy Realty
Real estate advice and news for Chicago neighborhoods and south suburban communities.
RECENT BLOG POSTS
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In this market, there are a lot of rentals which really ended up being more of a "Plan B" solution for a seller. Many sellers seeing the current market value of their home have decided that they "don't want to give their home away".  They,  therefore,  decide to rent their home for a couple of ye...
05/18/2011
This is a tough market especially on the listing side.  However, on the buyers' side, it can be really satisfying .  Yesterday morning, I met with a couple looking to take advantage of the market to "trade up" into their dream home.  In the afternoon, I worked with a young man to buy his first h...
05/01/2011
I wanted to create a visual aid for my buyer clients that are shopping for those "deals" at the lower end of the market.  I wanted something that would drive home how competitive the market is for these lower-priced homes.  Some of these homes are listed up to $100,000 less than where they were a...
04/05/2011
Foreclosures for the state of Illinois declined 27% in February compared to January levels.  Foreclosure levels were also 45% lower than February 2010.  Illinois currently has the 11th highest rate nationally.  Foreclosure filings also fell significantly in Illinois (33% lower than January level...
03/13/2011
In almost every conversation I have with potential sellers, the conversation begins with the line "I'm not going to give my home away!!"   Despite the comps, there is the perception that they are being cheated on the price.  Typically, the conversation will include a list of all the past project...
03/05/2011
Results in the south suburbs of Chicago remain mixed.  Several communities show improvement over January 2010 when analyzing Months Supply of Inventory.  Shown below are a handful of communities.   Millie C Lumpkin, SFRRealtorCentury 21 Pro TeamPhone:  (708) 213-6141Email:   mlumpkin@c21proteam.c...
02/28/2011
Are You Financially Prepared to Buy? In general conversation, there is a lot of emphasis put on the credit score when it comes to discussing financing qualifications. However, this is not your only concern. •·         Down payment - The days of no down payment are largely gone.  Lenders expect y...
02/20/2011
The market outlook for 2011 for the Chicago area overall is not rosy.  According to Crain's Chicago business, Chicago had the second highest level of home repossessions among all U.S. metropolitan areas in 2010.  There was a 20% increase in repossessions from 2009.  There was a 16.1% increase in...
02/04/2011
  No one will argue that appropriate pricing is key in this buyers' market.  However, the presentation of your home is also important in attracting and keeping the attention of potential buyers.  Otherwise, your pricing has to work harder.  I am not suggesting that sellers be prepared to put for...
01/29/2011
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   It's no secret that buyers have the advantage in this market.  There are certainly some negatives-a still struggling economy, stricter lending guidelines and reports that we still have not hit bottom.  However, there are some areas that are priced now at levels not seen for almost a decade. In...
01/21/2011
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