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Barrington, IL Real Estate News

By Rick Hauser, ABR, CNC, CNE, GRI, SFR, Exclusive Buyer Agent-Cov
(Buyer Broker Chicagoland - CHICAGO IL AND SUBURBS)
The median single family home price as of March 21 2010 for Barrington Illinois is $580,077 - down from $729,000 in September 2009.  Home prices in  Barrington IL have been steadily decreasing since September 2009.     The average property in Barrington as of March 21 2010 has been on the market for about 294 days - up from 220 days at the end of 2009.   Days on market has been steadily increasing since then. Barrington has progressing towards and stronger and stronger buyer's market - since January of this year. We calculate this based on the balance between supply and demand in Barrington using a statistical function of the current rate of sale versus current inventory in Barrington. Here is a Map of Barrington IL Area Homes Having The Highest Time On Market __________________________...
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By Rick Hauser, ABR, CNC, CNE, GRI, SFR, Exclusive Buyer Agent-Cov
(Buyer Broker Chicagoland - CHICAGO IL AND SUBURBS)
A map of lower priced homes for sale in the Barrington Illinois area   And a map of luxury homes for sale in the Barrington Illinois area _____________________________________________________________________ As Exclusive Buyer Agents - we provide expert research and negotiation for home buyers and investors in the Chicago area. Unlike "buyer agents" - we are specialists, not generalists, and we are always 100% on the home buyer's side.... If you are thinking about buying / purchasing a home in the Chicago Illinois area, you should ensure that you have an agent that is on your side – looking out for your best interests. Feel free to visit the Buyer Broker Chicagoland web site for more information. Or call 847-566-7558 or Toll Free at 866-493-2842 or e-mail us to schedule a complimentary ...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Advertising Your Horse Property For Rent in Barrington Hills Illinois I today reveiwed the availability of horse property for rent in Barrington Hills Illinois. As nearly all of Barrington Hills real estate is comprised of 5 acre lots or more it stands to reason that any property with a lot of this size is likely to attract tenants looking for not just a home to rent but somewhere they can bring their horses as well. In many cases where a client is looking for horse property to rent and wants Barrington Hills, it is the horses that are more important than the humans. The horse facilities must be right and the house must adequately fill the needs of the 2 legged tenants. Also keep in mind that horse owners are animal lovers and their is a very high likelihood that they will own other ani...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
What is VOW and do you want your Barrington Realtor to use it? The Internet has changed the face of real estate. How well does your Barrington Realtor use the Internet in their business? It's no secret there are many online social media tools that everyone uses everyday-some more than others. Do you know what a blog is? How about Twitter, Facebook, Linkedin? All of these are membership or wholly owned social media tools. Some people use them for connecting with friends and others for business. The word I want to re-iterate here is connecting. Every Barrington Realtor should be connecting with the outside world via the Internet. When you list your home for sale in Barrington Illinois there are questions on the listing agreement that address VOW. This is an acronym for Virtual Office Webs...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
New Homes in Barrington Hills-Mixing New with Established Neighborhoods-Caesar Drive-Dana Lane The Village of Barrington Hills was incorporated in 1957 although had roots from settlers as early as 1830. With history going back 60 years and more there are many established neighborhoods in Barrington Hills. There always comes a time in a property's life when it is time to call it quits. If you ever get a chance to review all the real estate in Barrington Hills like I do, you'll find there is such a wide variety not only in terms of age but also size and construction. We still have many homes that are rather small by todays standards even though the acreage may be perfect for you and your horses, you might not like the choice of homes. Today's generation just cannot seem to live in the sma...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Barrington Hills Homes For Sale-Pond Gate Farms-Bring Your Horses Pond Gate Farms in Barrington Hills Illinois is a subdivision built in 2003 of single family homes on 5 acre lots. With a variety of floor plans these homes offer an affordable way to buy a home in Barrington Hills and have enough land to support your horses. Homes are 2 story with full basements and side load garages. Because the zoning allowed horses you'll find some of the properties here have additional garages, stables, barns or outbuildings and those that have horses have added fences to their pastures. Pond Gate Farms offers homes that are primarily Hardie Plank siding with some front elevations in brick, Dryvit or stone. Sizes are from about 2800 to 5000 square feet and have 4 or 5 bedrooms. Located off Penny Road...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Tips-Buying Barrington Illinois Homes with 3 Car Garages-Make Sure the SUV will Fit Every now again we all do something and wonder afterwards why we never even thought of it. So yes this blog is born of experience a few years ago. It's no secret that I love driving big SUV's. I have had my Tahoe now for nearly 4 years and with all it's gadgets it'll be hard to give it up. Now my Tahoe is wide and fits very nicely in the single stall of our 3 car garage, as long as you drive in and out slowly, I don't even have to retract the wing mirrors even though I can do that at the touch of a button. It comes close to the top of the opening and about an inch away from the electric door track, but it fits. So I use the single stall and the other SUV and a car goes in the 2 car stall. Perfect. Yet th...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Unincorporated Barrington Illinois-Equestrian Property and Real Estate With over 75 square miles of real estate in the 60010 zip code-most of it falls under the jurisdication of one of the villages: Barrington Village Lake Barrington Village North Barrington Village South Barrington Village Inverness Village Deer Park Village Barrington Hills Village Tower Lakes Village Port Barrington Village Each has their own village hall and members which provide community policing for example business permits, building permits, waste service, re-cycling, development and restrictions and so on. Unincorporated Barrington does not have a village, all community policing is handled by the county-one could think of it as one less level of control. There is still a fair amount of real estate that is in un...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Why Your Barrington IL Realtors sometimes Politely but Firmly Say No to a Local Short Sale Buyer. I was recently contacted from my web site by a buyer wanting to look at a property in one of my Barrington neighborhoods.  I have featured information about the subdivision and considered I was the right Barrington IL Realtor for the job. The property in question was listed as a short sale. I could have scheduled the appointment and met the prospect at the property, yet that is both disrespectful to the seller and calls into question the Ethics of Realtors in Barrington Illinois and anywhere else for that matter. So here is the more professional way for an agent to respond to any buyers enquiry and the outcome. I first asked the email enquirer whether she had been working with another Realt...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Lake Barrington Shores Real Estate - Golf Course Condos and Townhomes - January 2010 Market Report Activity in Lake Barrington Shores continues at a steady pace. The was only one closing in January of a unit listed at $269,900 and sold for $260,000 which represented a sale at 96% of the asking price. The seller held to their original asking price and sold the unit in 224 days. During January 8 new condos and town homes were listed for sale in Lake Barrington Shores bringing the total available homes for sale to 49. Current prices range from $167,000 to $475,000. During the last 6 months the average marketing time for all Lake Barrington Shores Real Estate listings has been 211 days. The average final list price to sale price ratio was 95% which is what we would expect. However the avera...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Relocating To Another State and Leaving Your Barrington IL Homes Empty While For Sale Employees are still moving around the country, with the slow economy and poor job situation, where once you might have stayed in your own area to find a new job or career, people are venturing to new areas. The result of this is that you may need to relocate to another state and sell your home. Your personal circumstances may differ from some-one elses, all situations are different, but if you find that you will need to leave your Barrington IL homes empty while on the market for sale, there are a few points to consider. If your home is vacant for 30 days or more - check with your insurance agent about your insurance coverage. Many owners do not realize there might be a clause that negates the insuranc...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
If you are looking for larger vacant lots for sale - Barrington Hills has plenty to choose from. There are currently 40 vacant lots for sale in Barrington Hills Illinois ranging in size from 1 acre to 25 acres. The average lot size in Barrington Hills is 5 acres and Barrington Hills is sought after by horse owners as well as buyers looking for their piece of quiet in the countryside. The lowest priced lot os $49,000 for a 1 acre lot - and yes this is very cheap but that lot is partially in a flood plain and will not appeal to very many buyers. The remaining lots start at $400,000 for a 5 acre parcel in Spring Creek Hills and a maximum of $2,849,000 for a 12 acre parcel on Old Sutton Road. Some Vacant lots have buildings on them. Yes this is true but due to the age of the buildings they ...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Since my hubby and I got married 26+ years ago, we have always had cats in the house. We had a dog once as well but decided for now cats suit our hectic lifestyles and jobs a little better. Now cats get sick with a varity of illinesses and  our lifetime of 7 cats have presented us with a variety of things. Over active thyroid for the black cat that lost an eye. Sudden onset hemorrhaging with no cause that resulted in Smartie's early demise. Those were the worst, often a cat just looks a little under the weather and a couple of days later will bounce right back. Up to now we have never had a cat with a cold and suddenly two go down. Shadow is one of our twin three year olds, he is apparently allergic to some foods and keeps getting lumps on his leg, fixed with a recent visit to the vets,...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Homes For Sale Barrington IL Barrington Illinois is a suburb of Chicago about 35 miles northwest of the city.  Covering about 75 square miles of real estate the Barrington IL area is home to smaller villages encompassed in the entire Barrington IL area. Here are the villages: Barrington - includes the village  as well as unincorporated Barrington Lake Barrington - includes Lake Barrington Shores condo and townhome complex North Barrington South Barrington Tower Lakes Deer Park Inverness - whilst a seperate village, half has the same zip ode of 60010 Port Barrington - previously known as Fox River Valley Gardens Barrington Hills If you are moving to the area we have an abundance of  homes for sale in Barrington IL. Depending on your needs and budget you can choose from: Condos Townhomes ...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Q. Can a First Time Buyer Afford Barrington? A. Yes In case you had not heard prices are down, mortgages are low and if you buy before April 30th and close by June 30th you may be able to take advantage of an $8000 tax credit. So what can a 1st time buyer get in the Barrington 60010 area? There are currently 59 properties for sale in the Barrington zip code 60010 with choices such as a studio condo at $99,000, 2 bed, 1.5 bath condo in the village for $115,000, 3 bedroom 2 bathroom condo $159,900, Lake Barrington Shores units start at $147,000, some foreclosures and short sales make a great deal for prices; or a village cape cod for $170,000, new condo at Creekside Point for $249,900, 3 bedroom, 1 bath ranch near the elementary school and more. The majority of the homes are located eithe...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Barrington IL Mortgage Companies and Loan Officers will Pre-Approve You For A Mortgage Yet you should not borrow the maximum amount - why? If you are in the market to buy a home whether it be a first time home or move up home the first thing you should do is establish a spending budget. A loan officer will require information from you to establish an amount that you can borrow, all income, all outgoings - therefore setting your home spending limit. Before you go out property shopping consider the following. If you borrow the max and buy the highest priced home you can afford are you going to have enough money every month to: Perform necessary maintenance on your new home. Pay increased real estate taxes. Pay increased utility bills. Attend to those small items that need immediate fiixin...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Buying Homes in Barrington with a Buyers Agent - Writing a Contract - Here is a re-cap of what we have looked at so far. Buying Barrington Illinois Real Estate - Is Your Barrington IL Realtor Fully Explaining The Purchase Contract then Page one dealt with the property you wish to make an offer and how much you want to pay. Page two dealt with closing date and possession, disclosures, attorney review. Page three talked about inspections and mortgage contingencies. Page four addressed  insurance and condominium rules. Now to some legal items on the contract. All of page five is ready to go. We do not fill in any information here but you need to know what it means. The above paragraph addresses The Deed. In easy terms this is a document that transfers ownership of the property from the sel...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Barrington Hills is considered the area that offers the most horse property  in The Barrington Area.If you are looking for a property or home that has enough land and zoned for horses then Barrington Hills is likely going to offer you the most choice. Most of the lots in Barrington Hills are at least 5 acres and many of them will have sand arenas if the land has been used to accommodate a horse. If you need an indoor arena then the choices are going to be more limited. I recently showed a Barrington Hills property to a potential buyer that has a wonderful indoor arena and it was obvious that the accommodation for the horses was of paramount importance, much more so that the house for the family. That said a buyer will only consider a home if it works for the families needs as well - so ...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
The 2009 Real Estate Market for Barrington Illinois. Barrington Illinois real estate comprises all the homes in the village, those homes incorporated into Barrington and also homes that are in unincorporated Barrington. This forms the largest part of the 60010 zip code. There were 190 residential home sales in 2009. 171 of those were single family homes and the other 19 were either condos or town homes. There may be a few stray sales that were marked as being in Barrington when in fact the official address was another village. I saw a Lake Barrington property marked as Barrington so I am sure there are others. For the most part the addresses are correct. Single Family Homes sold on average in 201 days.  Town Homes/Condos sold on average in 155 days. Single Family Homes sold at  94% of t...
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