Archive for the ‘Buffalo Grove Real Estate’ Category
438 TOWN PLACE CIR, BUFFALO GROVE, ILLINOIS 60089
Town House buyer, here is a beauty.. in TOWN PLACE SUBDIVISION. It has 7 rooms, 2 bedroomsr, 2 1/2 bathrooms, with loft, hardwood floors on 1st floor updated kitchen with view of pond and fountain. Spacious master with spa bath and loads of closets. Full basement 2 carage, all brick exterior
Call Ed Garfiled at 847-541-5000 or email for a private viewing.
What Buffalo Grove Real Estate Buyers Are Looking For
In today’s competitive real estate market there some features that almost every buyer seems to want. Here is our Buffalo Grove Hot List in no particular order.
- 42″ cherry kitchen cabinets
- Hardwood floors
- Granite Counter tops
- Updated Baths
- Kohler Plumbing Fixtures
- Tierd woood Decks
Call or visit our web site. We will show you where to get all these GOODIES
Buffalo Grove Market Activity
With so many questions about the economy and the overall market, its very important to be knowledgeable before making any purchase or sale in real estate.
So how does the Buffalo Grove real estate market look these days?
Currently Buffalo Grove 156 homes for sale with an average of $ 430,241 list price and a average market time of 164 days. There are 261 condos and townhomes for sale with an average price of$198,303 and a average market time of 201 days. Since January thru May there have been 95 sales of homes with an average sale price of $349,377. There have been 94 sales of condos and townhomes from January thru May with an average sale price of $161,444.
Contact us for the most up to date information regarding the Buffalo Grove home market or surrounding areas such as Long Grove, Lincolnshire, Hawthorn Woods, Kildeer.
TO STAGE YOUR HOME OR NOT TO STAGE WHEN SELLING
Selling your home in Buffalo Grove or the surrounding areas is not easy these days. One way to increase your chances of selling and selling for a better price is to use staging. Staging basically is setting up your home and property to show in the best possible light to potential buyers.
Staging your home does not have to be expensive, the cost can be as low as $250 to $2500 or more. Statistics show that 95% of staged homes will sell twice as fast as fast and for 5-10% more money. For an average home, that’s a $30,000-$50,000 increase in sale price.
With this type of windfall,how can one not afford to invest in home staging? What matters the most is removing the clutter that may exist, emphasizing as much space as you can in your home, and creating an environment where a buyer could envision a home that they can move in right away.
Staging must start from the exterior of of the home. Since the exterior is what most prospect buyers would see first, this is the most important aspect to focus on initially. Creating a nice appealing front yard with basic landscape if you have one, would be ideal. Adding some lighting, spray washing the exterior or painting if needed.
For the interior, adding a neutral paint color seems to work best, spacing out furniture, removing any clutter from closet space, and cleaning up all spaces is very important.
Median home prices rise, trends positive
In my continuing series of why to buy in Buffalo Grove now I give you some more statistics to ponder. I’m suggesting that Buffalo Grove real estate is a great bargain right now. Look at the latest statistics. Even the press is positive.
The median price of homes sold in Chicago area rose 3.2 percent in April from a year earlier.
The first annual increase in nearly two years The Illinois Association of Realtors said Monday.
The median price of existing single family homes and condominiiums sold in Chicago was
$225,000 last month. Sales spiked 41.1 per cent to 1,985 as buyers took advantage of federal
tax credits. In the Chicago area Nearly half of Illinois counties reported home price gains. including
Cook and Lake counties.
To find the best buy in Buffalo Grove real estate call Ed Garfield and Sharon Benjamin today before everyone else figures it out…
Does Warren Buffet Say Buy a Home in Buffalo Grove?
Well Warren Buffet doesn’t exactly say buy a home in Buffalo Grove but he thinks real estate has a bright future. I have been selling Buffalo Grove area properties for more than 30 years and I’m convinced now is a great time to buy. I found this piece from Warren buffet because it is my job to be optimistic but he is an accepted expert.
Warren Buffet predicts Real Estate Rebound in 2011
If the oracle of Omaha, Warren buffet is correct, the residential real estate market will rebound in 2011. Buffet, in his letter to Berkshire Hathway stock holders thinks that the demand curve will turn at that point and residential markets will start to improve.
Buffet wrote that prices will remain below bubble levels, of course, but for every seller or lender hurt by this there will be a buyer who benefits. Many families that couldn’t afford to buy an appropriate home a few years ago now find it well within their means to do so.
Very few times in life does such a great opportunity to buy come around. Call Ed Garfield or Sharon Benjamin to find a great deal on Buffalo Grove real estate while you still can.
A Single Woman has a 1 in 5 chance of Buying your Buffalo Grove Home
Single women are 20% of real estate buyers
What if I told you that last year 21% of home purchases were made by single women, while unwed males were 10% of the buyers? This was actually actually contained in a report by the National Association of Realtors. This is a dramatic shift from 1981 which was the first year the numbers were tracked. In 1981 single women and single men each accounted for 10% of home sales.
Some industry professionals have been slow to take note of the single woman purchaser phenomena in real estate. The numbers have held steady at 20% for more than 5 years. The Urban Land Institute reminded Realtors® at its’ conference in late April to expect big numbers of young single buyers.
When you work with Ed Garfield and Sharon Benjamin to sell your property you can count on decorating and staging advice to attract the most likely buyers and on experience to close the sale.
Foreclosure Feeding Frenzy
Feeding Frenzy at the Bottom of Foreclosure Market
If you are looking for the deals in foreclosed upon real estate in Buffalo Grove or the surrounding areas, you are not alone. With the base in the market solidifying, it is not just families looking to capitalize on the foreclosed upon inventory…because, the investors are back.
The stories are out there of investors coming in with all cash offers trying to negotiate lower selling prices. But, you’ll be glad to learn, the banks are not biting.
If you are interested in a foreclosure or just a great real estate buy in Buffalo Grove or the surrounding areas call Ed Garfield and Sharon Benjamin, your experinced Buffalo Grove Realtors®.
Experts Predicting Rising Real Estate Prices
I have been selling real estate in the Buffalo Grove area for over 30 years. My feeling is that there is a fabulous opportunity to buy real estate in Buffalo Grove and the surrounding areas. I’m a Realtor and it is my job to sell real estate. In order to back up what I’m saying I thought you might want to see what an outside expert thought about the market.
HOUSING PRICES TO RISE 3-5% THIS YEAR: JOHN PAULSON; CNBC.com
John Paulson the hedge-fund manager who made $15 billion shorting the real estate market, said that he expects housing prices to rise between 3-5 percent this year and another 8 to12 percent in 2011. Paulson, said home ownership is the most affordable it has been in 50 years. He said residential real estate is 60 percent more affordable than it was at the peak of the housing bubble.
I can’t stress enough that it is a great time to buy. Buffalo Grove is a great town to buy in. Search listings on my site now and see what is available. Search Buffalo Grove Area Homes For Sale
If you would like the view any of these homes, call me, Ed Garfield at 847-541-5000.
Buffalo Grove Real Estate Sales Activity Rising
There were 19 single family properties in Buffalo Grove that were reported sold in April with an average sale price of $390,627. The average sale price was a very respectable 95% of asking price.
Attached properties, condos and townhomes, in Buffalo Grove had an average sale price of $156,418 based on 20 sales. For condos and townhomes the ratio of list price to sale price was 90%.
Based on over 30 years experience as a Buffalo Grove Realtor I have a strong feeling that number of sales and prices will continue to increase.
My advice is Buy Now!
