Barrington, IL Real Estate News

By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Whether you have bought a home in the last year, 10 years ago or 20 years ago, it never hurts to have a refresher on the basic steps of the transaction So the following articles will be about a typical residential purchase transaction from start to finish. if you refresh your knowledge before you start, the process should be smooth and perhaps make more sense. Before You Start Your Home Search With over 90% of residential home purchases still being financed, it is important to get your finance approved before you go home shopping. Any well represented seller will insist on seeing your pre-approval prior to making a decision on an offer you present. For higher end properties, you may be asked to show this to a seller prior to being able to view a home. So what is a pre-approval? A lendin...
Comments 0
By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
You've decided to sell your Barrington home, you may have an agent in mind or you may want to interview some to decide who is going to work best for you. There are many things that need consideration before placing your home on the market and one that might come up is the subject of buyer or buyer's agent incentives. What do I mean by this? The following is a list of incentives I see, some more commonly than others: For Buyer's Agents: Higher than average commission payment. Bonus payment if contract received by a certain date. For Buyers: Free Car, Boat, Cruise, Plasma TV etc. Pay some or all closing costs Buy Points -(reduces interest rate of buyers new mortgage - usually 1 point lowers the rate by a quarter.) You may not have encountered these ideas, but they are out there in the mar...
Comments 0
By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Good Shepherd Hospital is located on Route 22 in Barrington west of Route 59. In close proximity to the hospital there is an abundance of medical offices and dental practices. You'll also find some in nearby Fox River Grove. On the campus of the hospital there are a number of buildings that have doctors offices, but more practices appear to be moving into the new office condo style buildings, Fox Glen being a prime example of this type of space. The Smith Professional Center located across the street from the hospital is also home to doctors practices and also at 450 W Highway 22, on the corner of Kelsey and 22. There are also Physical Therapists in close proximity. Having said that, there is still an abundance of space available for new Doctor Practices to consider, especially in the B...
Comments 1
By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
When your home is on the market for sale with me, I strive to get feedback for you from the agents that are showing it. Every time a showing is booked, an email request is sent to the agent asking for feedback. Questions I ask are broad in nature so I can get a general feel for how it went. Questions like: 1. Did your client like the property? 2. What did they think of the price? 3. What do you think of the price? 4. Are your clients considering making an offer? 5. Would you show the property to other clients if it matched their needs? The agent gets to pick from multiple answers and at the end if they have specific comments, there is a box for that as well. Sometimes the emails are never responded to, although I find I get better results by sending 2 follow up reminders. I also try con...
Comments 1
By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Are you either trying to sell your Barrington home yourself or considering it?  As home sellers, regardless of whether you sell by owner or with the services of a Realtor, you are required by law to complete the necessary disclosures which currently are: Residential Real Estate Disclosure Radon Hazard Disclosure Lead Based Paint Disclosure Another disclosure used but one that is not required is the Mold Disclosure It's a good idea to complete these, make copies and have them available for your buyers when they visit the home. If you do not have access to these forms, please call or email me, I would be only to happy to drop by with them. email:info@corinneguest.com  or call 847-381-6328 ***************************************************************************** Contact Corinne Guest, ...
Comments 0
  In the table below lists all of the single family detached and single family attached homes currently on the market in Barrington, IL  The data lists available homes by price range with average time on market in each range. Should you have an interest in homes in a selected price range, send me your physical characteristics requirements. I will send complete details on those homes that meet your criteria. If you are contemplating a change in lifestyle, ie. a more luxurious home or the luxury of the amenities in a senior citizen development, I may be able to save you some money via discounts available to me.   Active Listings List Price Range # Listings Avg. Days on Mkt Less than $149,999 4 190 $150,000 - $199,999 20 214 $200,000 - $249,999 22 241 $250,000 - $299,999 45 263 $300,000 - ...
Comments 0
By Debra Kukulski, Broker Associate, SRES;SFR,CDPE;GRI;ABR;e-PRO Realtor, Northern IL
(RE/MAX Suburban)
How is the current real estate market in the beautiful Barrington areas of Northern Illinois? The Barrington Areas are located in McHenry County, Cook County and Lake Counties in Northern Illinois.  The "Barrington Area" in MRED MLS includes: Tower Lakes, Barrington Village, South Barrington, Port Barrington, North Barrington, Deer Park, Lake Barrington, Barrington Hills, IL.  As of today, per MRED MLS, for the past 3 months:     We currently have 602 Single Family homes on the market in Barrington that are active and available.   •·  They have been on the market for an average of 292 days.  The average list price is $1,081,710.     •·     During the past 3 months, 32 Single Family homes have successfully closed with the help of their Realtors.  They took an average of 221 days on the ...
Comments 2
By Greg Wilson
(1st Cornerstone Realty)
Are you buying, selling, or just curious about the real estate market? Check out my weekly market report on the local housing market. Don't make the mistake of not understanding market conditions when buying or selling a home. Take a look and the report for the current market and start understanding housing market in your area. I am a licensed real estate agent and loan originator. Let my experience help you get into your new home or refinance your current mortgage.
Comments 0
By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Looking for approx 800 to 1000 square feet of office or retail space in Barrington area Illinois. Will consider up to 1400. Either month to month or maximum one year lease. Must be on main level. I have looked at many units and considering the market and many have been available for over 12 months, I am surprized no-one to date is willing to negotiate. So here is what I am offering. $1500 a month maximum. Prefer Lake County Location but above Dundee Rd is fine. Contact me if you have something nice. We are ready to move in.
Comments 0
By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Just a couple of years ago I saw an old ranch on a 5 acre lot sell. Nice lot, small house so my guess was it would be torn down and a new home built. Yes I was correct and in fact this has become a common occurrence in the Barrington area these days. Some of our housing stock is becoming old so I am sure over the next 2 decades we will see this trend continuing. The main difference will be that the size of our new homes is much larger than the old stock. What about other changes? Ranches are out and 2 stories are in. I personally feel this is a shame but the cost of a 4000 square foot ranch is considerably more than a 2 story due to the footprint being so much bigger ,which increases the cost of the foundation, one of the biggest expenses for new construction. 2 x 4 is commonly being re...
Comments 0
By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Barrington - It's the countryside inside the suburbs. Just look around and you'll see green space everywhere. Barrington  - Tree Cities. Both Lake Barrington and North Barrington are Tree Cities, so yes we have a lot of trees! Barrington Schools - Yes our district has very good schools. Barrington Transport - I 90 is close by to get you to Chicago, Rockford or beyond. Barrington Trains - Metra line runs through the village for commuters to Chicago Barrington Sports - We have the new Lake Barrington sports complex, offering a multitude of different sports. South Barrington has a Tennis and Swim club, Good Shepherd has a fitness center and we have parks galore, walking trails, bike paths, just about something for everyone. Don't forget we have golf courses too. Barrington Shopping - Our v...
Comments 0
By Greg Wilson
(1st Cornerstone Realty)
Are you buying, selling, or just curious about the real estate market? Check out my weekly market report on the local housing market. Don't make the mistake of not understanding market conditions when buying or selling a home. Take a look and the report for the current market and start understanding housing market in your area. I am a licensed real estate agent and loan originator. Let my experience help you get into your new home or refinance your current mortgage.
Comments 0
By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
We are pleased to announce that Christine Lee has joined our office. Christine has been active as a Barrington agent for 5 years and would love to serve you. If you need a Korean speaking agent, call us and we'll put you in touch with Christine.
Comments 0
By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Here are some of the single family home sales in the entire Barrington area during February 2009. 8 Cutters Run, South Barrington sold for $1,800,00030 Deverell, North Barrington sold for $1,255,000132 Lincoln Ave, Barrington sold for $775,0001218 Barclay Circle, Barrington sold for $750,000503 Pond Gate Drive, Barrington Hills sold for $550,000. Bank owned home.370 Covington, Barrington sold for $440,00010158 Haegers Bend Rd, Barrington Hills sold for $330,000If you would like to know how much the home down the street sold for, feel free to email me. ***************************************************************************** Contact Corinne Guest and Jonathan Guest, of Royal Advocate Realty Licensed Realtors® in Illinois, 847-381-6328 for real estate services in Barrington Illinois. ...
Comments 0
By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
There have been many changes in the real estate market in the last 10 years and not all of it is solely related to the shift from a sellers market to a buyers market. Real estate used to be very much about print materials. Houses for sale were published in papers, magazines. Buyers visiting real estate offices had to either rely in their agent to wade through a very thick publication of homes, or sit in the real estate office and flip through the book themselves. Signs outside homes for sale provided a phone number to call and many buyers spent Sundays driving around neighborhoods seeking homes of interest, signs or even open houses. Then the internet, already born and running suddenly took a quantum leap into our industry. Instead of large yellow pages size books in which to search for...
Comments 0
  Peterson Park in January, Deer Park Illinois The market statistics for home sales in Barrington IL and Deer Park IL zip code 60010 for the month of January 08 vs 09.  The current inventory of homes for sale in Barrington, Deer Park Illinois Zip Code 60010 is up about 9% vs as last month and sales this month over last month up about 7% for single family homes and 200% for attached single family homes.  Our average LP of sold homes is down for single family homes and down for attached single family homes Dec vs Jan.  Average Sale Price of homes sold is down this month vs last for single family homes and down for attached single family homes, but our LP/SP ratio is up down for single family detached homes and the up for attached single family homes.  The average market time for homes so...
Comments 0
By Greg Wilson
(1st Cornerstone Realty)
Are you buying, selling, or just curious about the real estate market? Check out my weekly market report on the local housing market. Don't make the mistake of not understanding market conditions when buying or selling a home. Take a look and the report for the current market and start understanding housing market in your area. I am a licensed real estate agent and loan originator. Let my experience help you get into your new home or refinance your current mortgage.
Comments 0
By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
It was not so long ago that South Barrington Homes were going to be starting at $1,000,000. South Barrington has always been one of the most expensive areas in the 60010 zip code with land prices being premium. However South Barrington has a much more palatable entry price point now that we have seen values tumble. This will no doubt make home owners in South Barrington grumble just like the rest of us. If you ever wanted to buy in South Barrington but just could not quite reach it, take another look. With some very attractive style homes with 4 or more bedrooms starting at around $750,000, 5 bedroom homes for $850,000 and up and yet plenty to choose from under $1 million, I doubt there will ever be a better time to buy. ( Of course I don't have a crystal ball, and prices may fall yet f...
Comments 0
By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
During the year 2008 there were 33 single family homes sold in South Barrington Illinois. The average list price was $1,279,564 and the average sold price was $1,182,754. This represents a sold price to listing price ratio of 92%. The average days on market during 2008 was 205. South Barrington also had 7 sales of vacant land with an average listing price of $745,957 and sold price of $690,000 also representing sold to listing price ratio of 92%. Average days on market for these sales was only 108 days. If you are interested in buying a home in South Barrington there are 62 active listings to choose from with a low price point of just under $495,995 for a home in The Woods in the active adult community all the way up to $5,999,999 for an expansive luxury home in the Magnolia Pointe subd...
Comments 0
By Greg Wilson
(1st Cornerstone Realty)
Are you buying, selling, or just curious about the real estate market? Check out my weekly market report on the local housing market. Don't make the mistake of not understanding market conditions when buying or selling a home. Take a look and the report for the current market and start understanding housing market in your area.
Comments 0