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MLS Access, Search for Homes in Carol Stream IL, Lyn Sims (847)230-7324 RE/MAX Suburban, Northwest Suburban Chicago IL

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Looking for a Buyers Agent to show you homes in the Carol Stream area?   This is a great time to get your first home, move to a smaller home, or move to a larger home.  Interest rates are great and recently lowered despite all the media hype and is available to all with fairly decent credit.   

SITTING ON THE FENCE HAS TO START HURTING AFTER WHILE!     LET ME HELP YOU GET STARTED!carol stream IL homes,carol stream IL real estate,carol stream townhomes,

 

These are the current market numbers and availability for homes in Carol Stream, IL.  The selections are best in the $250,000 to $300,000 range and we've got great larger executive styled homes for price ranges above that up to $597,900!  The median listing price for Carol Stream is $288,450 and the Average Market Time is 124 days.  Some "handyman specials" and "fixer uppers" are available for buyers trying to get "instant equity" in the market by doing the work themselves!

Area Market Survey Criteria

Lyn Sims at RE/MAX Suburban (847)230-7324 

  
Active Listings for Single Family Homes in Carol Stream IL                           8/29/2008
 
List Price Range # Listings Avg. Days on Mkt
$150,000 - $199,999 7 90
$200,000 - $249,999 33 86
$250,000 - $299,999 53 134
$300,000 - $349,999 33 117
$350,000 - $399,999 14 143
$400,000 - $449,999 8 120
$450,000 - $499,999 8 122
$500,000 - $549,999 2 79
$550,000 - $599,999 6 289
  
Active Listings Summary
 
# Units Avg. MT Median List Price Avg. List Price Max. List Price Min. List Price Total Volume
164 124 $288,450 $312,974 $597,900 $155,900  

To search for homes currently available in the surrounding Carol Stream area, please go directly to my  HOMESEARCH PAGE  to get started.

Other interesting articles for 'SELLERS' or 'BUYERS' are also available at www.LynSims.net to make you market "savvy" BEFORE you start your home adventure!

A real estate agent, such as myself, Lyn Sims, has all the available properties for sale listed in one place (MLS) for you to look at.  No hopping around from site to site!  Most listings now have virtual tours and multiple interior pictures so you can get a complete feel for the homes qualities and room sizes.  Another important step that must be taken first is to get prequalified for a loan BEFORE you begin your home search!  I can also help with any questions that you might have in the mortgage/loan area also because I've been thru the process before!

carol stream IL homes,carol stream IL real estate,carol stream townhomes,I look forward to working with you on finding your new home.

My Bio and Qualifications can be found here for you to see.  I've got alot of experience selling homes in the area!

Lyn Sims, RE/MAX Suburban 847-230-7324    EMAIL ME AT LynSims@remax.netcarol stream IL homes,carol stream IL real estate,carol stream townhomes,

 

I can help you find a home in Carol Stream, South Elgin, Elgin, Bartlett, Hanover Park, Medinah, Schaumburg, Itasca, Hoffman Estates, Palatine,  Bloomingdale, Roselle, Streamwood, Elk Grove Village and St. Charles.

"Blog Dog"©2008 Lyn Sims

1 commentLyn Sims and the Blog Dog© • August 29 2008 03:57PM

MLS Access, Search for Townhomes in Streamwood IL, Lyn Sims (847)230-7324 RE/MAX Suburban, Northwest Suburban Chicago IL

streamwood IL,streamwood IL real estate,streamwood IL homes,streamwood townhomes,

Looking for a townhome, condo, or quad in the Streamwood IL area?   This is a great time to get your first home, move to a smaller home, or move to a larger home.  Interest rates are great and recently lowered despite all the media hype and is available to all with fairly decent credit. streamwood IL,streamwood IL real estate,streamwood IL homes,streamwood townhomes,

SITTING ON THE FENCE HAS GOT TO HURT AFTER AWHILE!         LET ME HELP GET YOU IN THE GAME!

These are the current market numbers and availability for Multi-family or attached homes in Streamwood, IL.  The best selections are in the $150,000 to $199,900 range and we've got great larger executive styled homes for price ranges above that up to $469,900!  The median listing price for Streamwood is $194,900 and the Average Market Time is 154 days.  Some "handyman specials" and "fixer uppers" are available for buyers trying to get "instant equity" in the market by doing the work themselves!

Area Market Survey CriteriaLyn Sims at RE/MAX Suburban (847)230-7324                                        8/29/2008 
Townhomes, Quads, Condos, Duplexes, etc.
Active Listings for Streamwood IL
 
List Price Range # Listings Avg. Days on Mkt
Less than $149,999 29 151
$150,000 - $199,999 105 159
$200,000 - $249,999 56 133
$250,000 - $299,999 30 133
$300,000 - $349,999 6 142
$350,000 - $399,999 6 413
$400,000 - $449,999 1 105
$450,000 - $499,999 1 124
  
Active Listings Summary
 
# Units Avg. MT Median List Price Avg. List Price Max. List Price Min. List Price Total Volume
234 154 $194,900 $205,846 $469,900 $71,000  

To search for homes currently available in the surrounding Streamwood area, please go directly to my homesearch page to get started.

Other interesting articles for 'SELLERS' or 'BUYERS' are also available at www.LynSims.net to make you streamwood IL,streamwood IL real estate,streamwood IL homes,streamwood townhomes,market "savvy" before you start your home adventure!

Information Profile on Streamwood

A real estate agent, such as myself, Lyn Sims, has all the available properties for sale listed in one place (MLS) for you to look at.  No hopping around from site to site!  Most listings now have virtual tours and multiple interior pictures so you can get a complete feel for the homes qualities and room sizes.

Another important step that must be taken first is to get prequalified for a loan BEFORE you begin your home search!  I can also help with any questions that you might have in the mortgage/loan area also because I've been thru the process before!

streamwood IL,streamwood IL real estate,streamwood IL homes,streamwood townhomes,I look forward to working with you on finding your new home.

My bio and qualifications can be found here for you to see.  I've got alot of experience in the area!

Lyn Sims, RE/MAX Suburban 847-230-7324    EMAIL ME AT LynSims@remax.net

 

Northwest Suburban Chicago IL areas of Streamwood, Elgin, South Elgin, Bartlett, Hanover Park, Medinah, Itasca, Hoffman Estates, Palatine, Carol Stream, Schaumburg, Bloomingdale, Roselle, Elk Grove Village and St. Charles. streamwood IL,streamwood IL real estate,streamwood IL homes,streamwood townhomes,

 

"Blog Dog"©2008 Lyn Sims

0 commentsLyn Sims and the Blog Dog© • August 29 2008 03:41PM

MLS Access, Search for Townhomes in Hanover Park IL, Lyn Sims (847)230-7324 RE/MAX SUBURBAN

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Looking for a townhome, condo, quad in the Hanover Park area?   This is a great time to get your first home, move to a smaller home, or move to a larger home.  Interest rates are great and recently lowered despite all the media hype and is available to all with fairly decent credit.   

SITTING ON THE FENCE HAS TO START HURTING AFTER WHILE!     LET ME HELP YOU GET STARTED!Hanover Park IL real estate,Hanover Park IL townhomes,

These are the current market numbers and availability for Multi-family or attached homes in Hanover Park, IL.  The selections are in the $150,000 to $200,000 range and we've got great larger executive styled homes for price ranges above that up to $355,000!  The median listing price for Hanover Park is $164,999 and the Average Market Time is 164 days.  Some "handyman specials" and "fixer uppers" are available for buyers trying to get "instant equity" in the market by doing the work themselves!

Area Market Survey Criteria

Lyn Sims at RE/MAX Suburban (847)230-7324                                             8/29/2008 

Multi Family Homes - Townhomes, Quads, Duplexes, Manor Homes, Condos
Active Listings for Hanover Park IL
 
List Price Range # Listings Avg. Days on Mkt
Less than $149,999 70 175
$150,000 - $199,999 101 159
$200,000 - $249,999 19 157
$250,000 - $299,999 6 118
$300,000 - $349,999 7 193
$350,000 - $399,999 2 181
  
Active Listings Summary
 
# Units Avg. MT Median List Price Avg. List Price Max. List Price Min. List Price Total Volume
205 164 $164,999 $175,331 $355,000 $99,500  

To search for homes currently available in the surrounding Hanover Park area, please go directly to my  HOMESEARCH PAGE  to get started. 

Other interesting articles for 'SELLERS' or 'BUYERS' are also available at www.LynSims.net to make you market "savvy" BEFORE you start your home adventure!

A real estate agent, such as myself, Lyn Sims, has all the available properties for sale listed in one place (MLS) for you to look at.  No hopping around from site to site!  Most listings now have virtual tours and multiple interior pictures so you can get a complete feel for the homes qualities and room sizes.  Another important step that must be taken first is to get prequalified for a loan BEFORE you begin your home search!  I can also help with any questions that you might have in the mortgage/loan area also because I've been thru the process before!

Hanover Park IL real estate,Hanover Park IL townhomes,I look forward to working with you on "finding your new home".

My Bio and Qualifications can be found here for you to see.  I've got alot of experience selling homes in the area!

Lyn Sims, RE/MAX Suburban 847-230-7324    EMAIL ME AT LynSims@remax.net

I can help you find a home in Hanover Park, Carol Stream, South Elgin, Elgin, Bartlett, Medinah, Schaumburg, Itasca, Hoffman Estates, Palatine,  Bloomingdale, Roselle, Streamwood, Elk Grove Village and St. Charles.Hanover Park IL real estate,Hanover Park IL townhomes,

"Blog Dog"©2008 Lyn Sims

0 commentsLyn Sims and the Blog Dog© • August 29 2008 09:35AM

Buyers Agent, Carol Stream IL Townhomes, MLS Access from Lyn Sims (847)230-7324 RE/MAX Suburban

Carol Stream IL townhomes,Carol Stream IL real estate,

Looking for a townhome, condo, quad in the Carol Stream area?   This is a great time to get your first home, move to a smaller home, or move to a larger home.  Interest rates are great and recently lowered despite all the media hype and is available to all with fairly decent credit. 

SITTING ON THE FENCE HAS TO START HURTING AFTER WHILE!    OUCH!    LET ME HELP YOU GET STARTED!Carol Stream IL townhomes,Carol Stream IL real estate,

These are the current market numbers and availability for Multi-family or attached homes in Carol Stream, IL.  The selections are in the $150,000 to $200,000 range and we've got great larger executive styled homes for price ranges above that up to $409,900!  The median listing price for Carol Stream is $199,842 and the Average Market Time is 176 days.  Some "handyman specials" and "fixer uppers" are available for buyers trying to get "instant equity" in the market by doing the work themselves!

Area Market Survey CriteriaStatus: Active   Property Type: Attached Single   Area: Carol Stream, IL  60188 
  
Lyn Sims at RE/MAX Suburban (847)230-7324                                                          8/28/2008
 
List Price Range # Listings Avg. Days on Mkt
Less than $149,999 44 183
$150,000 - $199,999 55 161
$200,000 - $249,999 48 141
$250,000 - $299,999 11 115
$300,000 - $349,999 10 126
$350,000 - $399,999 7 127
$400,000 - $449,999 1 530
  
Active Listings Summary
 
# Units Avg. MT Median List Price Avg. List Price Max. List Price Min. List Price Total Volume
176 157 $199,842 $201,154 $409,900 $76,900  

To search for homes currently available in the surrounding Carol Stream area, please go directly to my  HOMESEARCH PAGE  to get started. 

Other interesting articles for 'SELLERS' or 'BUYERS' are also available at www.LynSims.net to make you market "savvy" BEFORE you start your home adventure!

A real estate agent, such as myself, Lyn Sims, has all the available properties for sale listed in one place (MLS) for you to look at.  No hopping around from site to site!  Most listings now have virtual tours and multiple interior pictures so you can get a complete feel for the homes qualities and room sizes.  Another important step that must be taken first is to get prequalified for a loan BEFORE you begin your home search!  I can also help with any questions that you might have in the mortgage/loan area also because I've been thru the process before!

Carol Stream IL townhomes,Carol Stream IL real estate,

My Bio and Qualifications can be found here for you to see.  I've got alot of experience selling homes in the area!

Lyn Sims at RE/MAX Suburban 847-230-7324    EMAIL ME AT:  LynSims@remax.netCarol Stream IL townhomes,Carol Stream IL real estate,

 

I can help you find a home in Carol Stream, South Elgin, Elgin, Bartlett, Hanover Park, Medinah, Schaumburg, Itasca, Hoffman Estates, Palatine,  Bloomingdale, Roselle, Streamwood, Elk Grove Village and St. Charles.

"Blog Dog"©2008 Lyn Sims

 

0 commentsLyn Sims and the Blog Dog© • August 28 2008 04:43PM

Will a Short Sale Help? I have to Sell my House Quickly!

Short Sale, ForeclosureWhy Banks do Short Sales

Illinois placed in the top 10 nationally in foreclosure filings for 2007 at 90,782 posted filings.  The 2006 figure was 64,310 which is up dramatically.  The 2007 number represents 1.25% of the total households in Illinois.  The national average is 1.03%.  The good news is that 98.75% of all Illinois households are NOT in foreclosure.

The high foreclosure numbers are causing fewer people to offer up bids at the sheriff's sale.  The large mortgage amounts, along with back taxes, attorney's fees and other liens are making it impractical for third parties to pick up any bargains.  The bank is forced to pick up the property.  These bank owned properties are known as REO's.  The REO properties are later sold, or auctioned at a much greater discounted rate.  Also, once the bank acquires the REO, now as owners, they take on all the carrying costs of ownership (taxes, association, utilities, maintenance).  The net doesn't get better, it gets worse.  That's why short sales take place.  The banks will loose more money later than they will on the front end.

CAN'T MAKE YOUR PAYMENTS AND NEED HELP?Pre-foreclosure,foreclosure      Totally Confidential!

NEED A SHORT SALE SPECIALIST?     Help is just a phone call away!

I WANT TO BUY A FORECLOSURE-REO PROPERTY.

LYN SIMS at RE/MAX SUBURBAN (847)230-7324                

Hanover Park IL,Bartlett IL,Streamwood IL,

 

Lyn is a 20+ real estate veteran who works in the Northwest Suburban Areas of Elk Grove Village, Schaumburg, Hoffman Estates, Medinah, Itasca, Roselle, Carol Stream, Bloomingdale, Bartlett, Elgin, South Elgin, Hanover Park, Streamwood, St. Charles.

Lyn's Email:  LynSims@remax.net              www.LynSims.net

 

*Provided by the Law Office of Gary Lundeen (630)351-6560                                     

"Blog Dog"©2008 Lyn Sims

 

0 commentsLyn Sims and the Blog Dog© • August 28 2008 03:02PM

Direct MLS Bartlett IL Homes for Sale, Lyn Sims (847)230-7324 RE/MAX Suburban

bartlett IL home sale,bartlett IL realtor,bartlett IL new home,There is a large amount of inventory thruout the Chicago Northwest Suburban Market which includes the Bartlett IL area.  SMART PEOPLE ARE BUYING REAL ESTATE NOW!  Sellers are hot to compete and make their home standout above their competition.  Sellers are flexible!  Lots of Inventory = Buyer Benefits  SO WHY NOT GET IN THE GAME?  This is a great time to get your first home, move to a smaller home or get that larger home of your dreams!  

Here is a chart of ACTIVE Single Family homes in Bartlett with the MARKET TIMES posted as "Average Days on the Market". 

There are currently 267 homes in various styles and types available with the Average Market Time of 162 days.  The median price is $358,874 and the highest price is $7,800,000 Yikes!

Reasons to buy in Bartlett - Why it's such a popular community!

Area Market Survey CriteriaStatus: Active   Single Family Homes in Bartlett IL    8/28/2008 
  
Lyn Sims at RE/MAX Suburban (847)230-7324
 
List Price Range # Listings Avg. Days on Mkt
$150,000 - $199,999 3 61
$200,000 - $249,999 11 118
$250,000 - $299,999 56 143
$300,000 - $349,999 57 168
$350,000 - $399,999 57 153
$400,000 - $449,999 29 145
$450,000 - $499,999 11 197
$500,000 - $549,999 10 169
$550,000 - $599,999 13 115
$600,000 - $699,999 11 326
$700,000 - $799,999 7 298
$800,000 - $899,999 1 204
$5,000,000 - And Over 1 139
  
Active Listings Summary
 
# Units Avg. MT Median List Price Avg. List Price Max. List Price Min. List Price Total Volume
267 162 $358,874 $415,361 $7,800,000 $189,900  

As you can see the average bracket of pricing for the Bartlett Area is between $250,000 to $349,900.  To bartlett IL home sale,bartlett IL realtor,bartlett IL new home,search for homes up-to-the-minute on the market in the Bartlett IL area, please go directly to my MLS search website at www.LynSims.net. 

If you are looking to find or sell a home in the general Bartlett IL area, please feel free to contact Lyn Sims of RE/MAX Suburban at 847-230-7324 or 800-637-9345.  I can provide you with information on many of the areas communities.

Contact me, I'm ready to buy or sell a home!

Bartlett IL new home,Bartlett IL home sale,Bartlett IL home builder,

 

Lyn Sims RE/MAX Suburban 847-230-7324 or 800-637-9345 Outside IL.

Northwest Suburbs of Chicago IL - Bartlett, Schaumburg, Hoffman Estates, Bartlett IL new home,Bartlett IL home sale,Bartlett IL home builder,Elk Grove Village, Medinah, Itasca, Roselle, Bloomingdale, Hanover Park, Streamwood, Elgin, South Elgin, Carol Stream and St. Charles areas.

"Blog Dog"©2008 Lyn Sims

 

0 commentsLyn Sims and the Blog Dog© • August 28 2008 02:48PM

What makes a Good Neighborhood? Buyer Advice from Lyn Sims (847)230-7324

What Makes a Good Neighborhood?

Hanover Park IL real estate,Hanover Park home for sale,Hanover Park IL,When you buy a house, you also invest in the neighborhood that surrounds it. The identity of a neighborhood may be as important to property values as the individual properties themselves. In a “planned community”, strictly controlled architecture governs a carefully crafted identity block after block. In a rural town, tree-lined streets and an old-fashioned town square preserve a disappearing way of life. In a large city, an older neighborhood's ethnic history has shaped its character and often drives its rejuvenation. It's important to know where a neighborhood has been—and where it's going—before you decide to buy.

1. Start with Statistics

It's now possible to get valuable neighborhood statistics online. Crime statistics, school scores and demographic information are all readily available.  Check the village websites for specific information on the town as a whole.  Park Districts are important and so are the schools in a particular community so study these carefully.  Demographics can now be found by zip code here.

2. Check with the City or Village Hall

You can get any kind of town planning document from your town or county's zoning and/or planning authorities. If you want to be sure that the rural hideaway you just bought stays rural, check with these officials. They start planning large projects like major road construction years from the actual start date.

3. Research the Resale Potential

The quality of the neighborhood will play a big role in your home's resale value—whether you live in the least or most expensive house on theHanover Park IL real estate,Hanover Park IL home for sale,Hanover Park IL, block. (It’s better to have the smallest house in the best community).  Check out the neighborhood for job growth and home appreciation numbers in the area you're interested in.  Get a list of homes for sale in the neighborhood from your real estate agent to determine how many days they've been on the market. If properties haven't been selling quickly, find out whether the market is slow or if there are neighborhood issues that may make resale difficult.

How can I Find Neighborhoods on the Rise?


Start looking for tomorrow's hot neighborhoods right on the edge of today's most desirable, well-established neighborhoods. These tangential neighborhoods are frequently next in line to experience a surge in prices.

Look for these signs of increasing popularity:

·         Multiple offers on homes for sale
·         An increase in the number of buyers moving in from other areas
·         An increase in the number of local residents trading up within the neighborhood
·         A decrease in the percentage of renters
·         Signs of remodeling

 

4. Get to Know the Community Yourself

Hanover Park IL real estate,Hanover Park IL,Hanover Park IL home for sale,It may sound like a cliché, but nobody knows a neighborhood like the people who live and work there every day. Visit a neighborhood on your own at different times of day and night. Talk to neighbors. Visit nearby schools and local businesses.  Small local papers can be chock-full of information that gives you a feel for the neighborhood or community. If you depend on public transportation, find out how accessible it is in this area. Drive to and from the house from several different directions, so you see both the scenic and not-so-scenic routes.  Plan how long it will take for your daily commute.

Home Search Website

Hanover Park IL real estate,Hanover Park IL home for sale,Hanover Park IL,Lyn Sims at RE/MAX Suburban (847)230-7324

SO ARE YOU READY TO TAKE THE FIRST STEPS?  ARE YOU READY TO GET STARTED?

I HAVE 20+ YEARS EXPERIENCE WORKING THE NORTHWEST SUBURBAN MARKET AREA AND WOULD LOVE TO GET YOU ON YOUR WAYHanover Park IL real estate,Hanover Park home for sale,Hanover Park IL, TO YOUR NEXT HOME!

"Blog Dog"©2008 Lyn Sims


0 commentsLyn Sims and the Blog Dog© • August 28 2008 01:44PM

Buyer Survey - What are they thinking? What Sellers should know! Lyn Sims (847)230-7324

First Time Home Buyers – what are they thinking?  Market Survey Results

Bartlett IL home sale,bartlett IL new home,Bartlett IL home builder,As I go thru my email today the familiar Lowe’s real estate newsletter comes into view.  “Survey Reveals Possible Disconnect in First-Time Home Buying Process”  Hmm … really?   I’m curious as to what buyers are always thinking and read on as to what the survey produced.  I’d thought I would pass it along to you with my comments about the market conditions.  It’s actually quite enlightening!

“First-time home buyers are primarily concerned with affordability when choosing a new home, but their expectations may be too high relative to their current financial buying power, according to a recent Coldwell Banker® survey conducted among its brokers.”

“While nearly half of the Coldwell Banker broker respondents reported that affordability was the No. 1 concern for this group, 81% said today’s first-time home buyers consider move-in conditions to be very important when searching for homes.   In contrast, only 7% are looking to purchase “fixer-upper” homes that they could buy at a lower price and renovate themselves.”

“In the past, first-time home buyers were willing to purchase older, more basic houses in an effort to save money and break into homeownership,” said Jim Gillespie, president and chief executive officer, Coldwell Banker Real Estate, LLC. “Today, this group has greater home expectations because they have grown up more accustomed to their parents’ lifestyles. It is important for first-time home buyers to remember that by considering a ‘fixer-upper’ for their first home purchase, they can build equity over time and move up and into their second-stage home that better reflects their expectations.”

Well that should be an eye opener to alot of people!   I really think that CB did a great job with this survey from their brokers on buyer expectations and it serves to reinforce my own thinking over the last few years.  Buyers are expecting a whole lot more than they can afford.  The home in their “minds eye” is that of a 4BR Colonial with the half acre and the 3 car garage.  Problem is, they just started out in the work force so the pay does not equal what they expect to purchase.  Unpleasant realization sets in when they have to compromise their desires.

I’ve noticed that the majority of buyers just don’t want to do ANY work.  ANY being really none, zero.  No wallpaper removal, no painting, for heavens sake no kitchen remodel!  I’veBartlett IL new home,Bartlett IL home builder,Bartlett IL home sale, also noticed that buyers are becoming “overwhelmed” with the process remodeling entails even in their heads.  So a warning to all sellers reading this – your agent is not making this stuff up!  Buyers do not want to remodel your house!  They don’t want to change the 80’s wallpaper that you don’t even like any more!  

Another point is that I can’t find any buyers that want to buy a fixer upper and work their way into equity.  I just realized it but I haven’t had a buyer say that to me in quite sometime.  So I guess forget about that concept!

"Survey findings also suggest that first-time home buyers worry more about credit ratings and approval than they did a decade ago, but less about down payments. This may be because they have saved money themselves, or have received additional support from parents to help their first-time home purchase."

"According to 29% of brokers surveyed, first-time home buyers were more concerned with down payments 10 years ago than anything else, while only 17% said this is the biggest concern in today’s market."

I’ll have to agree here, but I think the mortgage debacle that just went thru the media has buyers questioning if they even can afford a home.  Rumors have already taken hold or I believe the buyers would be out there scooping up some of these great deals I come across every day.  Buyers are now a little more sophisticated and know that as long as their credit is good, there will probably be a lender out there to help them. 

"Meanwhile, survey respondents said that only 4% of first-time home buyers were worried about their credit scores in 1998, while 14% said it is more of a concern today.   “Owning a home is a great investment that will provide tax breaks, financial gains - as well as considerable joy over the years,” Gillespie said.  “First-time home buyers now have higher standards, placing an increased focus on the financial aspects of home ownership and at the same time, want a larger home they can live in right away.”

Additional key findings from the survey include:
- 71% of brokers noted that first-time home buyers are looking for larger homes than they were 10 years ago.
- According to 41% of the respondents, proximity to job is the No. 1 attribute first-time home buyers are looking for in a home.
- 35% of the survey respondents said “investment” is the No. 1 reason first-time home buyers are making their purchase.
- 46% of the survey respondents reported that first-time home buyers look at five to ten homes, on average, before making a purchase.

In addition, the survey explored initial reasons that a first-time home buyer contacts a Realtor in today’s market and how that has shifted from 10 years ago, according to the Coldwell Banker brokers:
- They are ready but want assistance in the process, including identifying neighborhoods, negotiating of price and paperwork:   Today’s market 73% vs. 32% 10 years ago
- Because that is what they feel like they are supposed to do:  Today’s market 3% vs. 28% 10 years ago.
- To view houses / do walk-thrus:  Today’s market 17% vs. 30% 10 years ago.
- To help with navigating mortgage issues:  Today’s market 1% vs. 4% 10 years ago
- They are not ready but trying to better understand the process:  Today’s market 6% vs. 6% 10 years ago.

Bartlett IL home sale,Bartlett IL new home,Bartlett IL home builder,

This is all fabulous information for us all to know, both buyers and sellers and realtors alike.  Sellers need to come around to the market conditions and understand that buyers do not want to pay top price for their house and then turn around and have to remodel it.  In fact, the market suggests that no real work is wanted to be done by the buyers.  So a market tip for sellers would be to do the work for the buyers for a faster sale.  Price it right and show the buyer 'your' value over the others (less work involved).


Thanks for stopping by and reading my perspective and comments on this buyer survey!



Bartlett IL home sale,bartlett IL new home,Bartlett IL home sale,
Lyn Sims at RE/MAX Suburban (847)230-7324



"Blog Dog"©2008 Lyn Sims

RISMEDIA 8/26/08  Lowe's ENewsletter dated 8/26/08  Methodology: Coldwell Banker Real Estate LLC conducted an online survey about the trends real estate professionals are seeing withBartlett IL home sale,bartlett IL new home,Bartlett IL home sale, first-time home buyers. The survey yielded responses from 150 Coldwell Banker brokers across the United States.


0 commentsLyn Sims and the Blog Dog© • August 28 2008 01:12PM