March Real Estate Newsletter

Real Estate News

The ABCs of Involving Children in the Home buying Process

When I talk to clients with families, I make a point of asking whether they want their children to be involved in the buying or selling process. If you’re getting ready to buy or sell a home, here are some ways you can engage the youngest members of your family.

To read the full newsletter including 7 Spring-Cleaning Tips, The Five Best Places to Dine Alone in Chicago  and featured properties, click here .

Amy Pearson

Real Estate Broker

Baird & Warner – Gold Coast

amy.pearson@bairdwarner.com

How to Sell Your Home with a Baby

Real Estate News

As the spring real estate market is starting to heat up, there maybe homeowners who are thinking of selling their home but, are nervous about it because they have young children at home.  I have some great tips on how to prepare your home for showings if you have a baby or young children. Every time there is a showing done on your home, it needs to be as spotless and showroom ready for buyers as possible.

Living Room

If you living room looks like toyland, then you need to do your best to make it look like the living rooms you see in the Crate & Barrel magazines by removing all toys, blankets, and large baby accessories.  This is one of the first rooms that buyers will see and you need to have a good first impression on buyers by having this room look as close to the pictures they viewed online of your property.

Favorite Hiding Places 

I am including some my favorite hiding places I had when I was preparing to sell my home with a baby.  Place stuffed animals and small toys in a laundry hamper but only if it has a lid on it. If you have any extra pillows or a Boppy pillow in the nursery, a great hiding spot for those is behind the gliding rocking chair where no one can see them. Any large toy that can be folded down can be placed under the crib, under the bed in the Master Bedroom or tucked away. The truck of your car is another great hiding spot for any large toys that you don’t want taking up space during a showing of your home.  If you have dirty bottles or glasses, load up your dishwasher to hid them out of sight but don’t run it. Also, if you have any dirty blankets or towels place them in the washing machine at least 2 hours before the showing and let them stay hidden in there. By starting the washing machine in advance of the showing the spin cycle will be finished and won’t make any noises during the showing. Just don’t forget about your wet laundry in the washing machine because you may end up with moldy items. Another way to prepare for a last minute showing is to keep a large plastic bin by the front door and toss all the toys in the bin and take it with you in your car.

Where to go during Showings?

Here are some places you can take a baby or small child while buyers are viewing your home. Take your child for a quick car ride around the block possibly while you are exploring a new neighborhood that you would like to move to next.  If the weather is warm outside, take your child for a walk and go to your local park. If the showing is on the weekend, go to the grocery store, HomeDepot or visit a friend that lives near by.  An educational way to keep your child occupied would be to take them to your local public library and read a few books.

Selling your home with young children may seem like a lot of work but it will be worth it in the end weather your goal is to get more space for your growing family, be closer to extended family or have a yard for kids to play in.

Amy Pearson

Real Estate Broker

Baird & Warner – Gold Coast

amy.pearson@bairdwarner.com

 

 

 

Interest Rates Hit New 12 Month Low!

Real Estate News

Interest Rates Hit New 12 Month Low! | Keeping Current Matters

According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at their lowest for 2019. Rates like these haven’t been seen since February 2018!

Last week’s survey results reported an interest rate of 4.35%. This is a welcome change from the near 5% rates seen in mid-November. At 4.32%, the second week of February 2018 was the last time rates were this low. This can be seen in the chart below.

Interest Rates Hit New 12 Month Low! | Keeping Current Matters

Freddie Mac’s Chief Economist, Sam Khater, had this to say:

“Mortgage rates fell for the third consecutive week, continuing the general downward trend that began late last year.

Wages are growing on par with home prices for the first time in years, and with more inventory available, spring home sales should help the market begin to recover from the malaise of the last few months.”

Bottom Line

If you plan on buying a home this spring, meet with a local real estate professional who can help prepare you for today’s market before rates increase!

River West Neighborhood Spotlight

Neighborhood News

The River West neighborhood of Chicago at one time was more of an industrial area of the city and now many of those warehouses have since been converted into unique loft and condo buildings. There are also many townhomes, low rise condo buildings along with a few mid-rise buildings that have been springing up in River West. Recently the neighborhood has seen some changes with new high rise buildings being developed in the neighborhood including the spoke building .

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This neighborhood is public transportation friendly and is ideal for downtown workers or for those who work in the West Loop.  Milwaukee Avenue runs through the neighborhood which many bike commuters use the bike lanes located on Milwaukee Avenue every day to get to their offices. The bike lanes recently had protection barriers added through River West to make biking safer through this neighborhood for those who use it daily. The Chicago blue line, #56 Milwaukee Bus and the #66 Chicago Avenue Bus are all located in River West neighborhood which makes getting around town by public transportation a breeze.

There are also a few great neighborhood restaurants including Windy City Cafe, Big Shoulders Coffee, The Dawson, Jerk Modern Jamaican, The Roost Carolina Chicken, the Iguana Cafe and Piccolo Sogno.

River West is a neighborhood that you should consider for your next home, because it’s close to public transportation and it has great restaurants. If you are thinking about moving to a new neighborhood in Chicago, this is a great neighborhood to consider. Please contact me at amy.pearson@bairdwarner.com if you are interested in buying, selling or renting in Chicago.

Amy Pearson

Real Estate Broker

Baird & Warner – Gold Coast

amy.pearson@bairdwarner.com

 

 

February Real Estate Newsletter

Real Estate News

When ‘As Is’ Makes Sense for Buyers or Sellers

You see a listing for a home and it says “as is.” What exactly does that mean? Typically, “as is” signifies a home has issues that may need attention. This could be a good option for buyers or sellers.

To read the full newsletter including 3 No-Cost Ways To Stage a Property, Ways to Beat the Winter Blues by Visiting These Chicago Attractions and featured properties, click here .

Amy Pearson

Real Estate Broker

Baird & Warner – Gold Coast

amy.pearson@bairdwarner.com

Is the Recent Dip in Interest Rates Here to Stay?

Real Estate News

Is the Recent Dip in Interest Rates Here to Stay? | Keeping Current Matters

Interest rates for a 30-year fixed rate mortgage climbed consistently throughout 2018 until the middle of November. After that point, rates returned to levels that we saw in August to close out the year at 4.55%, according to Freddie Mac’s Primary Mortgage Market Survey.

After the first week of 2019, rates have continued their downward trend. As Freddie Mac’s Chief Economist Sam Khater notes, this is great news for homebuyers. He states,

“Mortgage rates declined to start the new year with the 30-year fixed-rate mortgage dipping to 4.51 percent. Low mortgage rates combined with decelerating home price growth should get prospective homebuyers excited to buy.”

In some areas of the country, the combination of rising interest rates and rising home prices had made some first-time buyers push pause on their home searches. But with more inventory coming to market, continued price growth, and interest rates slowing, this is a great time to get back in the market!

Will This Trend Continue?

According to the latest forecasts from Fannie Mae, the Mortgage Bankers Association, and the National Association of Realtors,mortgage rates will increase over the course of 2019, but not at the same pace they did in 2018. You can see the forecasts broken down by quarter below.

Is the Recent Dip in Interest Rates Here to Stay? | Keeping Current Matters

Bottom Line

Even a small increase (or decrease) in interest rates can impact your monthly housing cost. If buying a home in 2019 is on your short list of goals to achieve, meet with a local real estate professional who can help prepare you to take action.

Amy Pearson

Real Estate Broker

Baird & Warner – Gold Coast

amy.pearson@bairdwarner.com

January Chicago Real Estate Newsletter

Real Estate News

Buying or Selling? Tap Into Baird & Warner’s Suite of Exclusive Tools for the New Year

Thinking of buying or selling a home in 2019? The beginning of a new year is a great time to dive in. Whether you’re a first-time homebuyer or an empty-nester looking to downsize, Baird & Warner’s exclusive tools can improve your experience and make it easier.

To read the full newsletter including Chicago’s winter adventures, renovation projects and their costs and featured properties, click here .

Amy Pearson

Real Estate Broker

Baird & Warner – Gold Coast

amy.pearson@bairdwarner.com

December Chicago Real Estate Newsletter

Real Estate News

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Budget Tips to See More Green This Holiday Season

Saving for a down payment or home renovation? Socking away a little extra cash can be a challenge this time of the year — with holiday parties to attend, food and drink to buy and, of course, gifts for family and friends. Consider these great tips if you want to stick to a budget and still have the merriest of holidays.

To read the full newsletter including Chicago’s Best Indoor Water Parks Near Chicago, the 17 Essential Doughnut Shops in Chicago and featured properties, click here .

Amy Pearson

Real Estate Broker

Baird & Warner – Gold Coast

amy.pearson@bairdwarner.com

Review of The Gringo

Local Business

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On one of the last warm fall days that we had in Chicago, I took a nice long walk in my neighborhood and I ended up at a restaurant that I have been wanting to try all summer long which was The Gringo.  This restaurant opened over the summer in the former location of the Grandview Tavern.  The Gringo is a vibrant restaurant and bar located in the historic Grandview / P Jacks building on Grand Avenue in West Town. The unique space has Mexican Folklore décor and Spanish tiled design throughout the venue. Unfortunately, when I visited The Gringo the outdoor patio was already closed for the season but, I was still able to try out the menu.

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I ordered a variety of their tacos from the menu including the carne asada, al pastor, chicken and chorizo tacos. I thought that all of the tacos were very tasty.  The tacos are ordered individually and are small which makes it easy to try several different types of tacos.  I also had the chips & Guac which was a nice starter for the flavorful tacos that followed. I plan on going back to try out their signature churros for desert then next time.

The Gringo

located at:  1202 W. Grand Avenue, Chicago, IL 60642

 

Amy Pearson

Real Estate Broker

Baird & Warner – Gold Coast

amy.pearson@bairdwarner.com

 

 

November Chicago Real Estate Newsletter

Real Estate News

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Why the Holidays Are a Great Time to Buy and Sell?

With holiday celebrations just around the corner, it might seem counterintuitive to step up your real estate activity. But it’s actually a great time to enter the market, whether you’re a buyer or seller.

To read the full newsletter including Chicago’s top 10 pizza places, tips to throw a fall feast with friends and featured properties, click here .

Amy Pearson

Real Estate Broker

Baird & Warner – Gold Coast

amy.pearson@bairdwarner.com