The distressed property… what it is, and what it means for you as a buyer.

So you think you want a distressed property… it can seem like an amazing deal, but is it really? Our team is selling a listing that is a bank-owned property {also known as an REO property}, so I thought it was the perfect time to talk about this type of sale. The house we are selling is listed at $739,000, it’s pretty big at about 6,500sf, and was built in 2006. And even though it hasn’t been especially well cared for over the past decade, it’s not in extreme {or obvious} disrepair, and it’s not an old house where you’re…

The ‘in-between’ space, and how it’s turning out to be a blessing for our real estate search AND my purge!

If you’re buying a house you might need an ‘in-between’ space. Maybe just for a few days, or maybe for a few months… Cue the panic. And the resistance. Noooooooooo!….. Often there is considerable stress about timing when it comes to real estate. People selling their houses are worried about being able to find something new, so they won’t put their house on the market until they’ve found ‘the one’. The trouble with that is that great spaces sell extremely quickly, and the market is competitive enough right now that most sellers also won’t accept a home sale contingency¬†{that’s when…

The real questions you should be asking when looking at a potential house…

Quite often during a showing a buyer will ask “why are the sellers moving?” or “how long have they lived here?”. I am not really sure what prompts people to ask this and the more it happens I must confess, I’m starting to get a little annoyed at the question. Are they trying to figure out if the sellers are leaving because something is wrong with the house? Are they just nosy? Are they trying to find some leverage for their offer? Maybe. Maybe they are trying to get a feel for how motivated the seller is, always looking for…

New place news! {and some great reminders about non-judgment and non-effort}

It’s not new news that my manfriend and I don’t like our place. We’ve been planning to move since back in December when I moved in, and have been getting increasingly discontent with each passing month since. We even asked to be let out of our lease early, taking the stance with our landlord that he hasn’t been able to resolve our issues with noise, and a May renewal is more ideal than a July renewal {which is true}. But of course he said no. I wasn’t surprised, and decided that if we had to stay until the official, bitter…

Some spaces are better to renovate while you live in them…

A couple of weeks ago I found the most amazing place that had just come on the market. It hasn’t been sold in 40 years! It’s a massive condo in a vintage three flat and is a massive 2400 square feet on one floor. A sprawling three bedroom two bath space with tall ceilings and gorgeous original trim, it even has a picture rails in the dining room {be still my heart}! And of course it needs a lot of updating {that’s part of what makes it so great, in my opinion anyway!}, but has all the vintage charm that…

If it’s not a hell YES, it’s a hell NO

It can be a tough market out there right now if you are a buyer. There isn’t always a ton of awesome inventory to choose from. It can be easy to think that it will take seeing 100 places in order to find ‘the one’. And depending on what you are looking for, it might very well take a little longer. But there is one thing I notice that tends to happen that not only hurts your search, but it can drain your energy and increase frustration, in what can already be a stressful time {they say moving is literally…

The dream loft that is kind of a nightmare…

Today it’s totally gloomy and rainy here in Chicago. And of course I’m in a funk and if you want to talk about energy… energy is when you are randomly in a bad mood for no reason.. or you wake up with ferocious back pain out of nowhere… and you just can’t seem to snap out of it.¬†So I thought what better topic to talk about than our place that we are so not in love with. Because that’s energy too, lol. My manfriend moved from his amazing bro-partment last summer and I helped him find his new place. I…

A peek inside a BIG renovation, and talking about buying ‘as-is’

Happy Friday! I got a fun surprise this week, some great friends and clients of mine are letting me share a peek inside the {big} renovation of their new house in Oak Park! {!!!} Ryan and Rebecca are a contractor/architect husband and wife team who both have backgrounds in Interior Design as well. And they’ve been around the block when it comes to renovations, having already done a full gut-renovation on their first house, and two other renovations on subsequent investment properties. I’m a little tired just telling you all of that! Renovations can be a big deal, even small…

No, I don’t want your bad bathroom renovation… a real talk about the importance of pricing right.

When you are planning to sell your house, and considering potential upgrades, it’s important to look at your property as a whole to be able to strategize what might be the most appealing to potential buyers. It’s also important to be realistic about price, and the value of your home. I recently looked at a condo that was a really cool loft, great space overall. The kitchen was around 20 years old and the space needed to be renovated. I did some digging and saw that originally the space was a two bedroom, one and a half bath. Here is…

Buying Real Estate ~ let’s talk about money

  Before I became a real estate broker I didn’t know anything about real estate, the process of buying property, or how much money it took. It seemed like something that was out of reach for me right out of grad school as the student loan bills starting rolling in, and then as time went by I that just kind of remained my mindset. It seemed like such a big deal that I was really intimidated by the idea of even reaching out to someone to ask about the process and get more information to even start saving or planning…