Have you been thinking about what suburb in Chicago Western area is the perfect place for you and your family to move to? Well I've got you covered today because I've got my top five western suburbs to check out. I'm Amy Pearson, I'm a local realtor with @Properties and if you like my top five suburbs video, please hit the like button! Lisle All right my number five would be Lisle, Illinois. Lisle is a suburb of Chicago with population around 23,000. It is in DuPage County and it's rated one of the best places to live in Illinois. living in Lisle offers residents urban and suburban mixed feel most residents own their own home and while there's lots of restaurants coffee shops and parks many young professionals live in Lisle and residents tend to lean more moderate political views and Lisle the public schools in the area are also highly rated. Lisle is known for the Morton Arboretum, which is I kind of call it an outdoor tree museum, you can drive through it, hike through it and there's also a children's garden area, It's great to check out the Morton Arboretum. There's Four Lake Ski Hill and Lisle as well as Benedictine University are some of the key things that Lisle is known for. Wheaton Number four would be Wheaton, Illinois. Wheaton is also a suburb of Chicago population around 53,000 it is also located in DuPage County. It is one of the best places in Illinois to live living in. Wheaton offers a dense suburban feel and most residents own their own home in Wheaton. Residents can enjoy lots of restaurants, coffee shops, and parks. Many families and young professionals in Wheaton and residents tend to lean conservatively politically. The public schools in Wheaton are also highly rated and Wheaton is known for it's home to the DuPage County Fairgrounds. The DuPage County Fairground Association hosts the annual DuPage County Fair in late July. There's also the Coosley Zoo is located in Wheaton, it's a great smaller scale zoo probably perfect for a toddler size, it's really pretty great for toddlers and there's Wheaton College located in downtown Wheaton sometimes referred to as the Harvard of Eventual schools. Glen Ellyn All right number three would be Glenn Ellyn, a suburb of Chicago they have the population around 27,000. It's a little bit smaller town Glen Ellyn is in DuPage County also rated one of the best places in Illinois to live. Living in Glen Ellyn offers residents an urban suburban mix, most residents do own their own home and in Glen Ellyn there's lots of restaurants coffee shops and parks to enjoy many families in Glen Ellyn tend to lean conservatively politically. The schools in Glen Ellyn are highly rated. Some things that Glenn Ellyn is known for is for actually the setting of a local resident O. T. Nelson's 1975 novel The Girl Who Owned A City, it's actually a young adult book, I highly recommend it, I've read it. And Glenbard West High School were also used in the setting of the movie Lucas which was filmed in 1986, great movie. Oak Park Number two western suburb of my top of my top five western suburbs would be Oak Park, Illinois. Oak Park is the first western suburb outside of Chicago and many houses in Oak Park are over 100 years old. And it's where Frank Lloyd Wright style homes are also there because he had a studio there. There's also the historical Gunderson style homes in Oak Park which is a suburb of Chicago population 52,000. It's located in Cook County and it's one of the best places to live in Illinois rated. Living Oak Park offers residents an urban suburban mixed feel. Most residents own their own home in Oak Park and there are a lot of restaurants, coffee shops, and parks .In Oak Park the public schools in Oak Park are highly rated and the residents also tend to lean liberal. In Oak Park also has two CTA lines that run through Oak Park ,there is the Blue line as well as the Green line and the Metra, all great for commuting. And according to Niche.com, Oak Park is the number three best suburbs for young professionals in Illinois. In Oak Park here are some of the things that is known for it is known for Frank Lloyd Wright architect and he lived and designed several houses and buildings in Oak Park area. It was also the birthplace of Ernest Hemingway. Naperville All right number one on my list would be Naperville, Illinois. Naperville is a city in Illinois population 147,000. Naperville is located in DuPage County and it's rated one of the best places in Illinois to live living in. Naperville offers residents a dense suburban feel and most residents do own their own home in Naperville there's plenty of restaurants, coffee shops, and parks to enjoy. The residents in Naperville tend to have moderate political views and the public schools in neighborhood are highly rated. Some of the things that Naperville is known for would be the downtown Naperville Riverwalk which has lots of parks and sidewalks and bridges for people to enjoy, the top-rated schools, the Naperville Settlement which is a area of historical buildings that people can pay to go into and check out. It's really great around the holidays and they decorate the buildings up and the DuPage Children's Museum is also located in Naperville and it is home to North Central College. Now that I've shared with you my top five Chicago Western Suburbs, it's easy to see why people are making a move to these communities. I'm Amy Pearson, realtor with @Properties, I provide local community and real estate information on the western suburbs
I’m going to give you my two tips that I always like to tell my buyers. There are two things you can’t change about that property that you’re thinking about buying. My name is Amy Pearson I am a realtor with @Properties, I am on the Lux Home Chicago team, we serve Chicago, downtown Chicago as well as the Naperville area, if you’re thinking about buying or selling please keep me a mind, I’d love to help you out.
My two tips I tell everyone that is a first-time buyer, which are the two things you can’t change about that property is location and the other one is the footprint. Okay, location I know you always hear location, location, location, but it’s
true! If you find your perfect dream home and it’s 10 miles on the edge of town you can’t change that, it may be a perfect home but your commute may take longer, getting to the grocery store could take longer. Is that location going to fit your lifestyle for the next 5 to 10 years or however long you’re known that property? You need to keep that in
mind because you can’t change location of that property.
The other thing you can’t change is the footprint. When i say footprint, I mean the square footage of the home so if you’re looking at a home that’s 2,500 square feet. You can’t change that footprint of your home unless maybe you buy a house and you do a addition later but really you’re working with 2,500 square feet. If you’re thinking of maybe growing your family or having additional pets is that footprint that you bought originally going to continue working for you for the next five to ten years? You need to think about if it will work for the lifetime that you own at home.
Those are my two tips a first time buyers that you need to think about that you cannot change with that property when you buy it. Alright I’m Amy Pearson with @Pproperties please keep me in mind if you are thinking of buying or selling in the Chicago area.
I’m Amy Pearson with @properties. I am a realtor on the team Lux Home Chicago Chicago. And today I’m going to talk to you about the cost of living: Chicago versus Naperville, Illinois. If you’re thinking about making the move, I’ve done the research for you. So, you don’t have to do the research what the cost of living is. All right. So, I am Amy, realtor here, with @properties. I work with buyers, sellers, renters, as well as investors. I’d love to help you out. If you’re thinking about making a move to the Western suburbs or in the Chicago area, I work the downtown market as well.
Here’s my research. This is 2021 numbers. It’s actually from June, 2021, according to numbeo.com. I did do the research. I didn’t just make these numbers up. All right. So, grocery prices in Naperville, Illinois are 19.4% lower than in Chicago, Illinois. So, your grocery bills would be a bit cheaper shopping in the burbs. All right. Restaurant prices in Naperville compared to Chicago are 5.48% lower than Chicago.
A meal, if you’re to get an inexpensive restaurant in Chicago, would be about $17. In Naperville, it would be $16. So, a little… A dollar difference. What about a gallon of milk? Okay. A gallon of milk… This is June, 2021 numbers again. A gallon milk in Chicago was $3.13, and in Naperville it was $2.77. So, 11% cheaper. All right. What about gas? My mom used to always, “Make sure you fill up your gas in the suburbs”. And there’s a reason why people always tell you to fill up in the suburbs, your gas in your car. Chicago, a gallon of gas is $3.03. This is June, 2021. And in April it was $2.63. 13% cheaper to fill up in Naperville than in the city.
Childcare costs. If you’re wondering, if you have a young child, what will your childcare cost be? For childcare for full-day preschool, this is preschool, monthly amount, if you were to live in Chicago would be $1,400ish. If you were to be in Naperville, childcare preschool full-day would be around $1,100. So, it’s about 22% less. All right. What about the cost of living difference for apartment living? We’ll just do some basics: one bedroom in the city center. In Chicago, a one bedroom average in the center of downtown Chicago would be about $1,800. And in Naperville a one bedroom in the city center would be $1,500. So, 18% cheaper to rent in Naperville versus Chicago. And then price per square foot. To buy an apartment in the city center of Chicago versus Naperville, per foot in Chicago, it is $443. And then in Naperville, price per square foot, it is $191. So, it’s 56% less to buy an apartment in the downtown area of Naperville versus Chicago.
Those are some stats I thought you might find interesting on the cost of living in Naperville versus Chicago. If you’re thinking about buying or selling or making that move out to the suburbs, I’d love to help you out. I’m Amy Pearson with @properties. Shoot me an email at Amy@atproperties.com if you have any questions. Take care.
I have gotten a few calls from people asking where should I buy now? I know the market is really hot but where would be a good place for an investment? Well, here is one of my tips for buying right now if you are looking for an investment property maybe, even a rental property. I have even gotten calls from people looking to buy a condo for their child that is going to start college in the fall.
One market that you might want to think about is the Gold Coast in downtown Chicago. Why? Why are you thinking? Well there is an 11 months inventory. That’s right 11 months! Doesn’t mean a condo will be on the market for 11
months, it just means if nothing new is added to the market, it would take 11 months for everything to sell. Compare it to a suburb, say Naperville it’s around one month inventory. Stuff is moving fast in the suburbs. Gold Coast it has 11 months inventory, it is a buyers market. So great place for an investor right now to look at is the Gold Coast!
Number 2 area that you can think about as an investment would be the South Loop area. The current month inventory for July 2021 is at 6 months. Technically 4 – 6 months is considered a balanced market. But it is at 6.1
so it is ticking up there so South Loop is one to keep an eye on if you are thinking of buying an investment property.
Alright those are my 2 areas, tips for 2021 where you should think about buying an investment property. I’m Amy Pearson with @Properties, please keep me in mind if you are thinking about buying or selling
Buyer’s Contingency 101
Buying a new home before yours is sold is tricky, but it’s not impossible. One way to do it is through a home sale contingency, where you make an offer on a home under the agreement that you will close only if your own home sells. When evaluating this option, here’s what buyers and sellers should consider.
To read the full newsletter including a Guide to Greening your Home, 31 Best Brunch Restaurants in Chicago and featured properties, click here .
Real Estate Broker
Baird & Warner – Gold Coast
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 .
Real Estate Broker
Baird & Warner – Gold Coast
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.
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.
Real Estate Broker
Baird & Warner – Gold Coast
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.
Freddie Mac’s Chief Economist, Sam Khater, had this to say:
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!
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 .
Real Estate Broker
Baird & Warner – Gold Coast
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,
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.
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.
Real Estate Broker
Baird & Warner – Gold Coast