RealEstateBuyMe.com: Illinois: Schaumburg

Schaumburg Homes - Ten things to REMOVE before you start showing your home for sale!

Boy, I just can't say some of these suggestions enough when it comes to staging your Schaumburg home for sale.

I'm going to keep at it until everyone gets the message on preparing their home for the market! YES, it's that important.

Thanks to Lindsey Hasford of Minnesota for this post.

Via Lindsey Hasford (Coldwell Banker Vision):

Everyone has heard rumors of de-cluttering when it's time to sell your home. But, what does that really mean?  Before going hog wild and moving out... here's a few of the most important things to consider removing before you list your home for sale.

10. Personal photos. I don't always recommend removing photos of the 'family' but if you have hallways filled with photos or photos on every end table it is probably necessary. Buyers really DO get distracted by them. They will take them all in as they walk down the hall. Not only do they take away from the home, but it's really disturbing when a buyer is excited to 'know' the sellers. And, the buyers do look at them.home

9. Bills and personal papers. I understand that you cannot remove these document from the home all together, but please take the time to organize them, box them up and put them out of sight. If you have bills laying out on the counter or kitchen table it's like an invitation for the buyers to 'peek' at them. Believe me - I discourage it - but it still happens. And as a seller you just don't want to leave the temptation behind.

8. Money. I would love to say that every buyer (and Realtor) going through every home is honest, but I really don't want to test those waters. If you have cash, cash boxes or coin jars sitting out in the open... put them away. It's just better for everyone if it's out of sight. As Realtors we do what we can to protect your home, but your help makes a difference!

7. Valuables. Jewelry, watches, valuable antiques.... anything that might be worth a bit of money that you wouldn't want to lose. Out of sight, out of mind. If buyers don't know they are there they won't think about it. I can't tell you how many homes I've been in where the jewelry is left on the dresser.... somehow it's uncomfortable. At least put it away.

6. Guns and ammo. I don't care if they are in a case or out laying around or under a bed. It's better if you just plain old remove them from the home prior to listing. For some reason they make buyers (in my experience) feel really insecure.

5. Shoes! If you have a pile of shoes at the door... ask yourself why. A pile of shoes gives a buyer two impressions. The first? That there isn't enough storage in your home. 2. That there are too many people living in the home. So, in order to avoid wondering on the part of the buyer... just put them away.

4. Medicine. Take it out. Don't store it on the counter. Don't store it in the cabinet. Don't store it in the bathroom. Remove it. There have been many complaints over the years of potential buyers 'stealing' the medicine out of the cabinets. I have never had it happen on my time clock, but to avoid any trouble it's best to simply remove it.

3. All things on your kitchen counter. Everything? Really? Yup. The cleaner you can leave the counter, the more buyers dream of being in there. Have you ever been in a cluttered kitchen? Does it feel inviting? How about a cleaned up kitchen? Does it make you wanna spend time there? Also, if you store things on the counter it gives the appearance that you do not have enough storage space.

2. No more junk drawers. Seriously. Clean 'em out. There is nothing more tacky than a potential buyer opening the cupboards and drawers and having things sticking out everywhere. Box up all the notes, pens, tacks, and odds and ends and put them away. Chances are you don't dig in the drawer often anyways.

1. Nothing but magnets.... and maybe not even that. Take a photo of your fridge, take everything off, wash the front (and side), and take another photo. It is really refreshing to walk into a home that has a clean fridge. The kids pictures are beautiful (believe me... my fridge is covered in them) but buyer's can't imagine their own children's drawing on there if it is covered with yours. And, the magnets... If they aren't decorative (and even then) they are generally more of a distraction to the room than a help. Consider it.

There are many more ways to declutter a home for sale... but these are some important things to consider. For more information on selling your home in Minnesota... give me a call.

_________________________________________________________________________________________

                 In the meantime... if you are looking to move into the area... I'll wait for you to call!

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Selling Real Estate in Minnesota!

If you are looking for professional real estate services I am only a ring away! I am looking forward to working with you. And, please feel free to share my name with anyone that you know who needs assistance buying or selling a home ~ I love referrals!
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                                                   Lindsey Hasford, REALTOR
                                                        Coldwell Banker Vision
                                             231 Main Street - Elk River - MN 55330
                                          763-241-5488 (office)  763-218-1347 (cell)
                                           lindseyhasford@coldwellbankervision.com
                                                  http://www.hasfordhomes.com

 
 

Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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0 commentsLyn Sims - Schaumburg Homes • February 03 2012 05:27PM

Schaumburg Homes - What percentage of homes are foreclosures?

What percentage of Schaumburg Homes are foreclosures?


schaumburg homes,schaumburg IL real estate,When we look at foreclosure numbers that perhaps we have heard or seen on the news, often times they are for trends that are national in scope. We always have to sharpen our focus and whittle down those statistics to the state level, then by metro area, then finally by the town itself.  Don't pay attention to the media which is great for over dramatizing news especially when it comes to the housing market and foreclosures. Granted, there are some very hard hit areas of the country and we are fortunate here not to be one of those areas which I hope you realize. Real estate is local in nature so let's take a look at what is happening in Schaumburg:

Let's look at the total of Schaumburg Homes sold (249) and then what percentage of those closed were foreclosures. Our MLS has us report each foreclosure, short sale and court sale just for these purposes and these are accurate numbers from 2011.

The lowest foreclosure price was $100,000 and the highest was $441,000. Foreclosures were 14% of Schaumburg Homes that have closed. In an earlier report for the 1st quarter of 2011, they were at 20%. Townhome and condo sales were not done at that time but I have included them in this report.

Town of Schaumburg  Total Sales for
2011
% of
those Sales
Home Sales 246 14%
Townhome/Condo
Sales
403 22%



So there are the results for our Schaumburg area.  Hope that makes you feel better and if you are thinking of selling your home in the near future, please don't hesitate in giving me a call.

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Search Schaumburg Townhomes or Condos

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High End Foreclosures in the Chicagoland Area for 2011
Schaumburg Homes - Why pricing is more important than ever!
Short Sale Reform, Foreclosures and the naked guy
Staging is not Fraud!
Schaumburg - Average Home Prices over the last 10 years
Schaumburg - What type of financing did buyers use?
Northwest Suburban Real Estate Update - December 2011
Surviving the American Dream: The argument for 'Walking Away'
Schaumburg Homes - Is it better to rent or buy?
Foreclosure Surplus?

 
 

Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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4 commentsLyn Sims - Schaumburg Homes • February 01 2012 02:05PM

Preparing your Schaumburg Home for Sale - 6 worth the price fix ups!

6 Worth-the-Price Fix-Ups

Simple and affordable do-it-yourself projects can greatly increase a 6 worth the price fix upshome's resale value, according to HomeGain's annual home improvement and staging survey done in April 2011.

The company surveyed nearly 600 real estate professionals to discover which DIY home improvement projects give sellers the biggest return for their buck. Here are six projects under $1,000 (amounts are estimated) that made the list.


1.    Cleaning and decluttering. Remove any personal items, unclutter countertops, organize closets and shelves, and make the home sparkling clean. ◦ $290 Cost ◦ $1,990 Return

2.    Brightening. Clean all windows inside and out, replace old curtains, update lighting fixtures, and remove anything that blocks light from the windows. ◦ $375 Cost ◦  $1,550 Return

3.   Smart staging. Rearrange furniture, bring in new accessories and furnishings to enhance rooms, incorporate artwork, and play soft music in the background. ◦ $550 Cost ◦ $2,194 Return

4.   Landscaping enhancements. Punch up the home’s curb appeal in the front and back yards by adding bark mulch, bushes, and flowers and ensuring current plants and grass are well-cared for and manicured. ◦ $540 Cost ◦ $1,932 return

5.   Repairing electrical or plumbing. Fix leaks under the sinks, remove any mildew stains, and ensure all plumbing is in good working condition. Update the home’s electrical with new wiring for modern appliances, fix any lights or outlets that don’t work, and replace old plug points with new safety fixtures. ◦ $535 Cost ◦ $1,505 Return

6.   Replacing or shampooing dirty carpets. Steam-clean carpets, replace any worn carpets, and repair any floor creaks. ◦ $647 Cost ◦ $1,739 Return




 
Excerpted from HomeGain’s 2011 Home Sale Maximizer Survey: www.homesalemaximizer.com.

 
 

Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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8 commentsLyn Sims - Schaumburg Homes • January 28 2012 01:35PM

High End Foreclosures in the Chicagoland Area for 2011

High End Foreclosures in the Chicagoland Area for 2011


You'd have to admit that 2011 has been another unusual year for all of us in real estate.  I've recently stumbled upon some interesting foreclosures in our area.  Obviously, not your average foreclosures as you'll see.


Bannockburn    $2,000,000

French Manor, 5BR's, 7.5BA's, 6 Fireplaces, 4 Car Garage. Built in 2008 on 3.5 Acres with 6624 square feet plus 3400 square feet basement. Don't forget the theater, exercise room and taxes of $44,100 per year.



Barrington Hills     $800,000 (the steal award!)

3 Stories, 6BR's, 10.5BA's, 6 Fireplaces, 12 Car Garage, Porte-cochére.  Built in 2007'ish on 5 acres with 15,000 square feet. Family room is 54x32, tennis court, indoor & outdoor pools, 3 ponds, putting green, ballroom, in-law suite.  

I just want to add that with this sized property don't you think you could bring a decent camera?




Naperville     $1,949,276

2 Story Stone & Stucco, 6BR's, 7.5BA's, 7 Fireplaces, 4 Car Garage, Porte-cochére.  Built in 2007 on .47 Acres with 8347 square feet. In-law suite, theatre, wine cellar, river location.



Burr Ridge     $1,600,000

2 Story, 5BR's, 5.5BA's, 6 Fireplaces, 3 Car Garage.  Built in 2003 offering 5859 square feet.  Theatre, exercise room, wine cellar, paver drive & gated entry here. Taxes are $35,200 here.



North Barrington     $1,125,000

2 Story, 5BR's, 6.3BA's, 6 Fireplaces, 4 Car Garage.  Built in 2005 with 7020 square feet, pool overlooking Wynstone Golf Course, library, theatre, elevator. Taxes are $32,800 for this beauty.





My territory is in the Northwest Suburban market near Schaumburg.  If you are looking to purchase or sell your home, please don't hesitate in giving me a call.


Source:  MLSNI 2011 for informational and entertainment purposes only.



 
 

Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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3 commentsLyn Sims - Schaumburg Homes • January 27 2012 02:29PM

Schaumburg's Top Selling Subdivisions for 2011

Schaumburg's Top Selling Subdivisions for 2011

Looking for a Schaumburg Home? Glad you're here and I'd like to present to you the most popular selling subdivisions in Schaumburg. Each area has it's own features and benefits, styles, location attributes. Find a great Schaumburg location that will fit your requirements!

Weathersfield - built in 1962 to 1978 and is one of Schaumburg's 'original' subdivisions. Mainly began with ranches but then multiplied it's styles to split levels, raised ranches, mid-levels and finally a 2-story colonial. Can either have a 1 car or 2 car garage depending on the lot sizes. Basements are rare here.

Weathersfield Homes







Sheffield Park - originally built in 1971 thru 1975 by Levitt Builders the original pioneers of the modern day subdivision. A larger variety of models than Weathersfield including split levels, raised ranches and 2-storied homes. Basements are rare in the area but were made available. 1 or 2 car garages depending on the model and lot sizes.

Sheffield Park Homes



Lancer Park - on the eastern portion of Schaumburg offering solid brick construction, concrete drives. Small floorplan selection offering more ranches and more often basements were opted for here. Detached garages also abound in this neighborhood.

Lancer Park Homes







No matter what your price range if your interested in the Schaumburg area, please give me a call. I have over 25 years experience in the area and I bet I've been in the subdivision that YOUR interested in!

If you're a seller interested in selling your Schaumburg Home, please give me a call so we can get you into your next home! I offer you a customized market plan where your home is the star!

My website is full of great buyer information, seller information, staging information and examples, community info, school stats and community benefits for anyone thinking of buying or selling from first timer to seasoned veteran!

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Schaumburg Homes - Why pricing is more important than ever!
Short Sale Reform, Foreclosures and the naked guy
Staging is not Fraud!
Schaumburg - Average Home Prices over the last 10 years
Schaumburg - What type of financing did buyers use?
Northwest Suburban Real Estate Update - December 2011
Surviving the American Dream: The argument for 'Walking Away'
Schaumburg Homes - Is it better to rent or buy?
Foreclosure Surplus?

 
 

Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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6 commentsLyn Sims - Schaumburg Homes • January 24 2012 01:32PM

Schaumburg Homes - Pricing is more important than ever!

Currently in the Schaumburg market with our elevatedschaumburg homes, inventory you have to be ‘spot on’ with your homes price.  Too high and no one will take your home seriously and it will be passed over.  A fair price – what a seller is willing to accept and a buyer is willing to pay.  That’s what we normally strive for.

For Schaumburg IL homes here are some enlightening statistics that I've found.  Price your house right in the beginning and you'll make more money!  It's true and here's what I've found from current sold sales.

Schaumburg homes that have sold and closed in 2011 sold at 95% of the asking price.

Where it becomes distressing is the 'old sales price to selling price'.  That's another 6% off the original listing price.  So homes that have sold in the Schaumburg IL area were 6% off their correct price and needed to be adjusted downward in order to sell.

Let's show you in dollars what that might mean:

 

$200,000 would be $12,000 too high!
$250,000 would be $15,000 too high!
$300,000 would be $18,000 too high!

 

Price your Schaumburg IL home as aggressively as you can and it will command a higher sales price than languishing on the market 'hoping' for that higher number.

 


schaumburg homes,lyn sims, 

Looking for an agent that's really a market expert?  Let's get your Schaumburg IL home on the market and priced right to sell!

 


 
Bookmark and Share

Staging is not Fraud!
Schaumburg - Average Home Prices over the last 10 years
Schaumburg - What type of financing did buyers use?
Northwest Suburban Real Estate Update - December 2011
Surviving the American Dream: The argument for 'Walking Away'
Schaumburg Homes - Is it better to rent or buy?
Foreclosure Surplus?

Sources:  MRED MLS 2011
 
 

Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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6 commentsLyn Sims - Schaumburg Homes • January 20 2012 12:54PM

Schaumburg Homes - How did the real estate market end up for 2011?

schaumburg homes,schaumburg IL real estate,Positive Signs continue in our Schaumburg Real Estate Market for the last 9 months. We are moving ahead with recovery here and sales have successfully reached above the 2010 level of closings.  

The December totals for Schaumburg Single Family Homes are now 16% above 2010 closings and Schaumburg Multi-Family are now down 6% over 2010.  So our local market has totally flip flopped (again) between the single family and attached. Homes have taken an extreme slow down and the attached housing is selling steady and finished with a bang!

schaumburg homes,schaumburg IL real estate,

For Schaumburg there are still no price gains calculated with foreclosures still leading the way in current sales.  What is promising is that in a few different surrounding communities the average sales prices are now going up. 

If all goes well, our next trend is for prices to finally level off and slight increases to begin for Schaumburg.  The average sales price was $256,800 for December and following the closings you can see that move-up buyers are beginning to find the market more friendly.

Another market condition which is important to consider is how much inventory we have going into winter and we currently are holding near 7 months supply (decreasing).  We are at a dangerous teetering point here where we can continue to move ahead or have a stall out and slowdown that will continue through our winter.

My summary shows cautious growth and first time home buyers or investors have decided to jump in the market to snatch up all those townhouses and condos we've got. It's a good idea for investors as most sales prices will equal a positive cash flow. I've been in multiple offers for the low end price ranges.
  
 
lyn sims,schaumburg homesLooking for an agent that knows this fluctuating market?  Give me a call to discuss your Schaumburg housing situation and needs.



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Staging is not Fraud!
Schaumburg - Average Home Prices over the last 10 years
Schaumburg - What type of financing did buyers use?
Northwest Suburban Real Estate Update - December 2011
Surviving the American Dream: The argument for 'Walking Away'
Schaumburg Homes - Is it better to rent or buy?
Foreclosure Surplus?

 
 

Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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4 commentsLyn Sims - Schaumburg Homes • January 18 2012 01:08PM

Schaumburg Homes - Why the Conversion Rate Matters when selling your home!

Conversion Rate means?

Months Supply of Inventory says?

Why does this matter when you are selling your home?

Well, the 'Absorption Rate' is the real estate markets abilityconversion rate,months supply of inventory, to absorb or sell all of the Schaumburg Homes for sale in a given amount of time. The ability for the Absorption Rate and market to either decline with many buyers in the marketplace OR to increase when buyers are few in numbers. Each month the number changes based on homes coming on the market, going under contract and then finally closing.

Is this a 'Buyers Market' or a 'Sellers Market'?

Currently, we are still in a 'Sellers Market' according to chart trends. Finally, our inventory of Schaumburg Homes is stabilizing and the lower the housing inventory, the better the market conditions are for sellers. Meaning that buyers will begin to compete for homes in certain price ranges. The economic principle of 'supply and demand'.

conversion rate,months supply of inventory,A 'Buyers Market' is just the opposite and what we have been experiencing for the last few years. Increased numbers of Schaumburg Homes on the market all competing for the same small pool of buyers creates a 'housing glut'.

With more competition in the marketplace, home prices are forced downward. Foreclosures also force prices in communities downward. The banks are often generating '30 day pricing' which means they want the house under contract in 30 days - period. What's the lowest price that will get the job done and get this house off the market! In the end it's good for buyers, not for sellers.

In a 'Buyers Market' it will take longer for your Schaumburg Home to sell because of the decreased amount of buyers. Time on the market is increased so sellers should plan accordingly for an extended market time. Each communities market time will be different.
 
 conversion rate,months supply of inventory,absorption rate,
Want to know the current market trends of your community? I can provide you with this added market perspective as it makes a difference on how your Schaumburg Home is marketed effectively. The 'Conversion Rate' shouldn't be kept a secret because it plays a pivotal role in your home selling strategy.

 

Bookmark and Share

Staging is not Fraud!
Schaumburg - Average Home Prices over the last 10 years
Schaumburg - What type of financing did buyers use?
Northwest Suburban Real Estate Update - December 2011
Surviving the American Dream: The argument for 'Walking Away'
Schaumburg Homes - Is it better to rent or buy?
Foreclosure Surplus?

 
 

Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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0 commentsLyn Sims - Schaumburg Homes • January 17 2012 03:59PM

Schaumburg Homes - What types of financing did buyers use?

Schaumburg IL Homes - What types of financing was used?

While compiling this year end report for 2011 the total schaumburg homes,schaumburg IL real estate,lyn sims,sales in Schaumburg IL I noticed a few striking differences between Schaumburg single family homes and multi-family home sales.

Two completely different animals!

Depending on what type of property you have will figure into your buying or selling strategy. Types of financing that buyers use have different criteria and variables that sellers must pay attention too.  On FHA purchases the home must have minimum standards to protect the buyer from unknown future mechanical breakdowns.  When the appraisal is done on these properties the appraisers check the attic spaces, crawl spaces and any basement areas not readily available.  This has never been done before but it's been a trend since the last half of 2010.  

For foreclosures in Schaumburg, the furnace and water heater must be operational and the water must be turned on.  This eliminates some foreclosures immediately that need serious help from either being vacant, lack of winterizing or seller damages.  These poor homes must be bought with cash and then refinanced when the home meets lender standards.  Frequently you'll be getting a dream deal but you'll be in for a boat load of work and you better know the business side of a hammer!  These homes are usually not for the first time home buyer.

So with Schaumburg Homes the largest portion of sales has gone conventional financing.

schaumburg homes,schaumburg IL real estate,lyn sims,If your Schaumburg Home needs a new roof, forget about FHA financing as this is also considered a mandatory requirement.  Life expectancy of at least 5 years is required for all roofs.  

With Schaumburg Multi-Family Homes the largest portion of sales was conventional andcold hard cash coming in neck and neck. Who says cash is dead? Well I'm sure it was me at one time as I can't remember meeting so many buyers with cash in their hands and at their disposal!

It clearly has to do with the price differential between the Schaumburg home and condo pricing.  Many more condos are available below $150,000 than homes.  Still most first time home buyers will be using the FHA financing method because of the lesser down payment required (3.5%).  But, conventional financing (5% down is now available) might be better for you as the mortgage insurance premiums are lower and will not be for the entire 30 year life of the loan.

Another important note to remember is not all Schaumburg complexes or subdivisions are approved for FHA financing.  This would include townhome styles, quads, manor homes, coach homes and a variety of others.  Please see if the area you are interested in is FHA approved.  Many a heart has been broken with a first time buyer when they realize the complex they love will not accommodate their FHA financing.



schaumburg homes,schaumburg IL real estate,lyn sims,If you are thinking of buying a Schaumburg Home, please consider me as a 'buyers agent' for your purchase. An experienced veteran, like myself, can steer you through the 'mine field' on your way to your first or tenth home!

If you are researching this information to possibly sell your Schaumburg IL Home, please email or call to discuss the advantages of my marketing abilities and getting your home turned to 'SOLD'.


Source: MRED


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Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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5 commentsLyn Sims - Schaumburg Homes • January 14 2012 07:30PM

Downsizing your Home? Baby Boomer's May Be In For a Surprise

Interesting perspective on how the 'Baby Boomers' are facing and reacting to the current housing trends. I don't think that they realize as a 'seller' they would no longer purchase their own home based on their current market likes/dislikes.

Enjoy this post from Valerie Zinger in Canada.

Via Valerie Zinger (House Proud Ottawa-Ontario-Canada):

This is a story that is being repeated all over the country.  Boomers want to downsize.  This is hardly a surprise.   The surprise or even shock is that it is going to cost them money to live in less space.  To some, it is so appalling that they have decided to stay in their current home.  

Boomers own their home in the suburbs.  Most are mortgage free.  The home has four bedrooms, three baths, a family room, a rec room in the basement, two or three car garage and a huge yard full of trees and shrubs and maybe a pool.  Okay, there may be variations of this but the essence is - the boomers own family friendly property.  Now......  The kids have finished school and left the nest.  The Boomers are rattling around a big house and find that they live in the kitchen - family room space and their bedroom.  It seems that it is time to move to something smaller.

Here is the rub.  The new home or condo may cost more than the proceeds from the sale of the big home in the suburbs. What?  

  1. The market has reacted to the demand for large condos and retirement homes by placing a premium on the sales price.  Remember, the Boomers are a tidal wave moving through demographic data.  If you, a Boomer, are thinking of downsizing then so are millions of your fellow 1946-1964 birthday buddies. Simple supply and demand economics at work.
  2. Your lovely home is a wee bit tired.  Forty plus years of the same kitchen, with the wrought iron railings, pink carpet, parquet flooring and paneled rec room is telling the story.  Although you have house size you have a house waiting for updating and renovations.  Your home is not competitive.  It is not giving Buyers what they want in updates.
  3. You want to move but you are certainly not going to settle for apples to apples.  Your tastes are now refined and you want granite and a bungalow backing on a golf course with grounds keepers or the whole top floor of a condo in the downtown area.  You are selling a MacIntosh apple to buy an organically grown Star Fruit.   Would you be happy buying the little bungalow down the block from your current home with the need for the same updates as your current home?  Would you be happy with the location?   No?  

After finding out that their home is not the gold mine that they hoped for, many potential Boomer Sellers make the decision to stay in their current home. In some cases, the Boomer will update the family home, adjust the buying expectations and make the move at a later time.  

Photo Credit:  UK Baby Boom and Bust by David Willets

 

Valerie Zinger  

valeriezinger@gmail.com 

613-859-7759

  

 
 

Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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5 commentsLyn Sims - Schaumburg Homes • January 13 2012 03:52PM