Chicago's North Shore - North and Northwest Suburbs Real Estate

Chicago North Shore, North and Northwest Suburban Real Estate Blog

Allyson Hoffman

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In the real estate world, people use a lot of terms that may be unfamiliar to buyers and sellers. Some of the most common include real estate agent, REALTOR® and broker. Many people think these terms are interchangeable, all meaning the exact same thing. While all three may be involved in real estate transactions, they are not identical.

Brokers

In the State of Illinois, there are two classes of brokers. The first is a standard broker who upon the completion of the required training and passage of the licensing exam is permitted to list property for sale and/or represent buyers in their home purchase. However, brokers must work in an office under the supervision of a second class of brokers, the managing broker.

Managing brokers have additional training, pass a special exam and are required to have twice the numbers of hours of continuing education in each license renewal period. These licensees can open a brokerage office, manage a brokerage office for the company owner and/or engage standard brokers to work under them.

Real Estate Agent or REALTOR®

Two other similar, but different terms, are real estate agent and REALTOR®. A real estate agent is anyone who has completed the required State real estate licensure training, passed the exam and received their license to list and sell real estate. They can be either standard brokers, as previously described, or managing brokers who can open or run an office.  They can also be REALTORS®, but they do not have to be REALTORS®.

Not all real estate agents are REALTORS® but all REALTORS® will be real estate agents.  The major difference distinguishing them from each other is that all REALTORS® are members of the National Association of REALTORS®.  As such they agree to abide by the association’s Code of Ethics and receive ongoing required ethics training from their local or state REALTOR® associations.

Does It Matter?

Yes, it does matter. While all three – brokers, agents and/or REALTORS® – may be licensed by their State to list and sell real estate, not all of them belong to the National Association of REALTORS®. Those who have joined as members of this organization are held to a high standard of conduct. Their Code of Ethic outlines REALTOR® duties to clients and customers, the public and other REALTORS®. The Code ensures that by “Accepting this standard as their own, Realtors® pledge to observe its spirit in all of their activities whether conducted personally, through associates or others, or via technological means, and to conduct their business in accordance with the tenets set forth” in the Codes’ Articles and Standards of Practice.

 

So, if you are considering a home sale or new purchase, hiring a REALTOR® provides you assurances regarding that agent’s commitment to the ethical and professional practice of the real estate sales. For additional information regarding the pledges detailed in the REALTORS® Code of Ethics or the buying and selling process, please feel free to contact me today for a consultation. I will be happy to answer any questions you may have, help you to find a new home or determine the value of your existing property.

 

Allyson Hoffman, ABR, ACRE, CDPE, CRS, e-PRO, GRI, SFR, SRES
RE/MAX Villager
Serving Chicago's North Shore, North and Northwest Suburbs
847-310-5300
allyson@allyson.com

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Allyson Hoffman is your ultimate real estate resource for Chicago's North Shore, North and Northwest Suburbs and surrounding areas. Visit my website for detailed information regarding today’s real estate markets.    

August 2017 Midwest Real Estate Market Reports

by Allyson Hoffman

The August 2017 Midwest Real Estate Market Reports are now ready for your review. These market reports provide an insight on the real estate market statistics for Cook County and Lake County. These statistics are helpful when you are considering buying or selling in today’s real estate market.  And, remember should you need tailored reports on a subdivision or neighborhood in the North ShoreNorth, and Northwest Suburban Chicago, Illinois area, please let me know.

Allyson Hoffman, ABR, ACRE, CDPE, CRS, e-PRO, GRI, SFR, SRES
RE/MAX Villager 
Serving Chicago's North Shore, North and Northwest Suburbs
847-310-5300
allyson@allyson.com

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Allyson Hoffman is your ultimate real estate resource for Chicago's North Shore, North and Northwest Suburbs and surrounding areas. Visit my website for detailed information regarding today’s real estate markets.

Arts and Crafts and Fun with Your Pets

by Allyson Hoffman

Enjoy the beautiful fall weather as you attend the various events around Chicago. Start out with Expo Chicago at the Navy Pier where visitors can see special exhibits of contemporary art. Expo Chicago joins with Palais de Tokyo for Singing Stones, which will open to the public on September 12, bringing together 11 artists for a spectacular exhibition. This is just one of the many programs guests can enjoy. The event is being held September 13-17, 2017. Additional details are available at www.expochicago.com/visit.

If you prefer a suburban event, check out the Chicago Botanic Garden this weekend to see the 33rd Annual American Craft Exposition on September 15-17. Guests will enjoy the work of more than 140 artists and their unique creations including various media from paintings to photographs, beadwork, jewelry making and more. For additional information visit the American Craft Exposition website.

Lastly, for all pet lovers, this weekend you can bring your furry friends along to the Chicago Pet Show held at the Libertyville Sports and Fitness Complex on Saturday and Sunday, the 16th and 17th of September. Alternately, you can also stop in and choose a new forever friend. Learn about different kinds of pets as well as the tools and supplies available for each of them. Visit with vets to learn about pet care or talk to dog trainers to find out how to make your canine pal a sociable, obedient buddy. Adult admission is $7 with free parking. For additional details, visit the Chicago Pet Show website.

 

Allyson Hoffman, ABR, ACRE, CDPE, CRS, e-PRO, GRI, SFR, SRES
RE
/MAX Villager
Serving Chicago's North Shore, North and Northwest Suburbs
847-310-5300
allyson@allyson.com

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Allyson Hoffman is your ultimate real estate resource for Chicago's North Shore, North and Northwest Suburbs and surrounding areas. Visit my website for detailed information regarding today’s real estate markets.  

Information Your Real Estate Agent Knows that Might Surprise You

by Allyson Hoffman

When you choose a real estate agent to help you purchase a home or sell the one you have, you may not be fully capitalizing on their knowledge, experience and all the ways they can guide you through the process beyond just showing properties and negotiating contracts.

Listen to Their Advice

Real estate agents, especially those with years of productive experience, have seen it all. They understand market trends and how to benefit from a good deal. They can help you sort through the emotional pull of some homes to minimize confusion when deciding on the critical and important features you’d like in a property.

So be sure to take advantage of their knowledge and ask for their advice. Let them suggest properties for you to view. Listen to their words of wisdom.  Chances are reasonably good that they’ve previously worked with someone similar to you whose experience can help you in your efforts.

Access Their Resources

Your agent will undoubtedly have lists of top-notch home inspectors, mortgage lenders, attorneys, contractors and appraisers whose services and expertise can benefit you in the home-buying or selling process. Aside from access to reliable repairmen and remodeling contractors, they can also typically suggest quality moving companies.  All these industries, which all overlap and offer synergies with real estate transactions, are part of an experienced agent’s go-to network where they have trusted relationships based upon ongoing successful results and referrals from former clients. So, if you’re trying to sell your home and need to make some improvements, ask your agent to provide you with a list of general contractors, stagers, interior designers, etc. who will work within your budget as you proceed.

If you’re moving to a new area definitely take advantage of your agent’s neighborhood knowledge. This important insight might even include their opinions about the best restaurants, parks and/or locations of retail stores to help you get settled in an unfamiliar place.

Let Them Fight for You

Your agent is part of your team with you as their priority. Whether they are consulting with or assisting your lender, your homeowner association, your attorney or any other participant in the deal, they should be working with your best interests in mind and the objective of facilitating requirements and meeting deadlines that conclude in your timely home closing.

When you hire a REALTOR® as your agent, you will have a partner, an advocate and a supporter at your side throughout the process. For additional information regarding buying or selling, please feel free to contact me today for a consultation. I will be happy to answer any questions you may have, help you to find a new home or determine the value of your existing property.

 

Allyson Hoffman, ABR, ACRE, CDPE, CRS, e-PRO, GRI, SFR, SRES
RE/MAX Villager
Serving Chicago's North Shore, North and Northwest Suburbs
847-310-5300
allyson@allyson.com

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Allyson Hoffman is your ultimate real estate resource for Chicago's North Shore, North and Northwest Suburbs and surrounding areas. Visit my website for detailed information regarding today’s real estate markets.    

For Sale - 3043 Lexington Lane, Glenview, IL $357,900!

by Allyson Hoffman

Pristine Perfection!

Even the Most Finicky Buyers Will Applaud this Immaculate, Airy Split-Entry Penthouse Ranch Villa!

Pinnacle of Peerless Perfection -- A 1st Class Penthouse Ranch Villa with Dramatic High Ceilings & Open Concept Design Blends the Ultimate in Pride of Ownership & Easy-Living Princeton Club Amenities!

Enjoy Pre-Inspected, Pristine, Perfection room-to-room in this spotless split-entry penthouse ranch featuring airy open-concept design and volume ceilings. An elegant updated eat-in kitchen with granite counter tops, stainless appliances and great under cabinet lighting opens through a convenient granite-topped pass-through serving window to the spacious living room and dining room with dramatic high ceilings and a tall multi-sided gas fireplace. The sunny living room features expansive windows and an Anderson French door opening onto the inviting rear deck.

At the top of the bright two-story entryway and stairs, the welcoming family room with its open view to the living room, dining room and kitchen rounds out the ample and gracious gathering area. Access to a full bath, the laundry room and bedrooms leads from here.

The master suite includes volume height, a sitting area with cathedral ceilings, large custom-fitted walk-in closet, wide picture window and a luxurious bath -- enjoy a long double-bowl vanity, separate shower and whirlpool tub. The second bedroom or office features a large customized double-door closet and recessed lighting.

On the lower level, you’ll find ample customized closet space and under stairway storage with access to the attached two-car garage including its epoxy-finished floor and wall of cabinetry.

Located in the desirable Princeton Club Townhome Villas where low-maintenance living combines with great amenities -- from the aerated pond and an inviting gazebo to the large clubhouse, in-ground pool and spa. Convenience abounds -- only a short drive to shopping, trains, restaurants, theater and highways. Fantasy meets reality in this immaculate home!

To view the full description and collection of photos for this home please visit www.3043Lexington.com!

Contact Allyson Hoffman for more information or to schedule a showing.  Visit www.RealEstateNorthernIllinois.com or email Allyson@Allyson.com!

Music, Beer and Wine All Weekend

by Allyson Hoffman

Celebrate with your favorite beverage all weekend long and enjoy some fabulous music. Stop in at the Windy City Wine Festival. Starting on September 8th at 5PM and continuing all day on Saturday, you be able to sample over 300 wines as you learn about the different varieties from the experts. Along with wine seminars and cooking demonstrations, live music will liven up the atmosphere.

This event, held at the Grant Park Conservancy, runs on September 8, 2017 from 5 PM to 10 PM and September 9, 2017 from 3 PM to 8 PM. For more information or to purchase tickets, visit the Windy City Wine Festival website.

Alternately (or additionally), try visiting the Wurst Music and Beer Fest. For just $25, you can enjoy local beers along with bratwurst and some fabulous live bands. Listen to Murder by Death, Shiner and many others this weekend. The event will be held along Randolph and Ogden in the West Loop of Chicago.

Plan to attend anytime Friday through Sunday with Friday, September 8th hours running from 4 PM to 10 PM and from noon to 10 PM on both Saturday and Sunday. You’ll have an opportunity to become familiar with some popular eateries such as The Riot Feast, Chicago’s Dog House and Chubby Wieners. For additional information and details, visit the Wurst Music and Beer Fest webpage.

 

Allyson Hoffman, ABR, ACRE, CDPE, CRS, e-PRO, GRI, SFR, SRES
RE
/MAX Villager
Serving Chicago's North Shore, North and Northwest Suburbs
847-310-5300
allyson@allyson.com

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Allyson Hoffman is your ultimate real estate resource for Chicago's North Shore, North and Northwest Suburbs and surrounding areas. Visit my website for detailed information regarding today’s real estate markets.   

Image courtesy cbudd/pixabay.com

What You Should Know about Liens on a Property

by Allyson Hoffman

It’s possible to have a lien on your property without your knowledge. In fact, realizing that such an issue exists could first surface when you decide to sell your property.  Unanticipated delays can affect your ability to sell or even cause a contract to be cancelled.

What is a Property Lien?

A property lien is a legal claim to receive money from the sale of a property. Lien amounts vary, but are equal to the amount of debt owed to the lienholder who requires the property as collateral to ensure the debt is repaid. For example, a mortgage company is the lienholder for the amount still owed on the property’s financing loan. In addition to these common liens, other parties may place additional liens on the property. If real estate taxes are not paid, a lien for these taxes may be established or if a contractor has done work on the property, but not been paid for his services, a lien may be filed.

How a Lien Affects the Property Owner

As the property owner, you cannot sell your property until all liens are removed and cleared. Typically, this only occurs when the debt is satisfied. If creditors have recorded a property lien, they must receive the amount due for the lien to be removed and the title to be cleared for sale.  A clear, unencumbered title to the property is a critical part of transferring the property to a new owner.

In some cases where required payments are not being satisfied, a creditor may elect to foreclose on the property, take title to it and resell it to recoup their losses. When foreclosures occur, the debts are repaid in their order of priority with real estate tax arrearages coming first followed by the primary and any secondary mortgages.

How to Find Out About Liens

To determine if there are any unsuspected liens on your property before you are ready to sell, a search of public records can reveal these. The title company will also perform a title search as part of the sale process and if any issues arise, addressing and correcting before selling your home is advised.

When it comes to liens, it’s definitely better to deal with the problem before listing your home or entertaining offers to purchase. For additional information regarding potential obstacles that can impact the sale of your home, please contact me today for a consultation. I will be happy to answer any questions you may have about the home buying or selling process, help you to find a new home or determine the value of your existing property.

 

Allyson Hoffman, ABR, ACRE, CDPE, CRS, e-PRO, GRI, SFR, SRES
RE/MAX Villager
Serving Chicago's North Shore, North and Northwest Suburbs
847-310-5300
allyson@allyson.com

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Allyson Hoffman is your ultimate real estate resource for Chicago's North Shore, North and Northwest Suburbs and surrounding areas. Visit my website for detailed information regarding today’s real estate markets.   
 

Image courtesy Clkr-Free-Vector-Images/pixabay.com

Treat Your Senses to a Weekend of Art and Music

by Allyson Hoffman

Enjoy the latest one-of-a-kind creations by some of today’s most talented artists at the Deer Path Art League’s 63rd annual Art Fair on the Square, a two-day juried fine art show. Located in Lake Forest Market Square, this free event attracts more than 20,000 attendees. As many as 400 artists applied to participate in this art show with works in metal, jewelry, painting, photography, digital art and more.

This year’s event will be on display September 3rd and 4th from 10 AM to 5 PM. For additional details, visit the Art Fair on the Square webpage.

In addition to the visual delights at Art Fair on the Square, enjoy a true musical delight at this weekend’s special where some of the best jazz tunes can be enjoyed at the Chicago Jazz Festival running from August 31st to September 3rd at the Chicago Cultural Center in Millennium Park. This free event includes all forms of jazz with exceptional live performances. Parking is available in the Millennium Garages. For additional event information, visit the Chicago Jazz Festival webpage.


Allyson Hoffman, ABR, ACRE, CDPE, CRS, e-PRO, GRI, SFR, SRES
RE
/MAX Villager
Serving Chicago's North Shore, North and Northwest Suburbs
847-310-5300
allyson@allyson.com

Get your latest Home Value
Receive Your Personalized Listing Alerts

Let’s Connect, Socially!

Facebook
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LinkedIn
Google +1
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Allyson Hoffman is your ultimate real estate resource for Chicago's North Shore, North and Northwest Suburbs and surrounding areas. Visit my website for detailed information regarding today’s real estate markets.  

Image courtesy FirmBee/pixabay.com

Want to Become a House Flipper? Here’s What You Should Know …

by Allyson Hoffman

Watch HGTV’s shows about flipping houses and you might think that this is the secret to getting rich. However, to ensure that the effort is profitable, a lot of work and research should precede buying and selling a house. So before starting your career as a house flipper, here are some important variables to consider.

Know the Value of Properties

First, you’ll need to be able to determine the current and potential value of properties you might want to flip. Working with real estate professionals and appraisers is certainly advisable, but having your own knowledge of the market in an area and the potential to make money remains vital. For this reason, many beginning house flippers start within their own neighborhood or one they know well.

Know the Cost of Repairs

How much profit results from flipping a home will be directly tied to the associated costs of the improvements, financing and other expenses necessary to resell it. To determine not only what needs repairs on a property but also how much those will cost, call in the experts to give you estimates. Additionally, having your own general familiarity with the pricing of common renovation, repair and/or updating projects will be beneficial when you initially tour a property.

Know How to Make Your Own Improvements

Being able to DIY some of the needed improvements is an important part of flipping a house. By saving labor costs, you’ll increase the overall profit at the end. Even if that simply means you do the demo work, every penny saved in labor increases the bottom line. Moreover, if you are able to install your own flooring, update lighting, or even hang new cabinets, your profits will be maximized when you eventually resell the home.

Know Current Trends

When fixing up a home to sell, it’s definitely not about what you like. Update using the latest trends preferred by today’s buyers and what is popular in the area. You’ll inevitably increase the number interested prospects if the completed renovation pays heed to fashionable styles when choosing finishes for your project.

Lastly, assemble a team of experts to have on hand when you begin buying homes to flip whose advice can be relied upon to help you make good decisions. Regardless, be knowledgeable regarding the basics of financing, value, and repairs or improvements so that you don’t get stuck with a losing property.

For additional information and advice regarding house flipping or to find a suitable property for your plans, please contact me today for a consultation. I will be happy to answer any questions you may have about the home buying or selling process, help you to find a new home or determine the value of your existing property.

 

Allyson Hoffman, ABR, ACRE, CDPE, CRS, e-PRO, GRI, SFR, SRES
RE/MAX Villager
Serving Chicago's North Shore, North and Northwest Suburbs
847-310-5300
allyson@allyson.com

Get your latest Home Value
Receive Your Personalized Listing Alerts

Let’s Connect, Socially!

Facebook
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Allyson Hoffman is your ultimate real estate resource for Chicago's North Shore, North and Northwest Suburbs and surrounding areas. Visit my website for detailed information regarding today’s real estate markets.
   

Image courtesy Clkr-Free-Vector-Images/pixabay.com

The ABCs of Entertainment for August 25th

by Allyson Hoffman

Enjoy a wide variety of activities this weekend in the North Suburbs and downtown Chicago. Check out one or all of these fun events.

Amdur Productions Port Clinton Art Festival and Taste of Highland Park

Downtown Highland Park will be bustling this Saturday and Sunday, August 26th and 27th from 10 AM to 6 PM at the 34th annual Port Clinton Art Festival where some of the finest works by the top rated artists in the country will be on display. Enjoy the creativity of 260 talented artists accompanied by live music, tasty food from local restaurants and interactive art demonstrations. Children can participate in a scavenger hunt as well.

The Taste of Highland Park will companion the art festival downtown featuring delicious foods from favorite restaurants including Backyard Grill, Beelow’s and Judy’s Pizza. Twelve restaurants will be participating in this event, so there’s certain to be something to satisfy everyone’s taste.

Backlot Bash

Family-friendly fun will highlight this event including carnival rides, live music and classic films. There’s even a Backlot Dash 5K, pancake breakfast, farmers’ market and classic car show amongst other activities. The event will be held August 25th -27th along Oakton Street in Skokie, Illinois. For additional bash details, visit the Back Lot Bash website.  

Chicago Triathlon

One of the largest and most spectacular sporting events in the country will be held August 26th and 27th with the Chicago Triathlon. Runners will arrive from all parts of the country to tour the metropolis in this event. There are six races this weekend, including a kids’ triathlon. Whether you want to participate or simply be a supporting spectator, this is a fun event for the entire family. The event route follows Lake Michigan and on Lake Shore Drive with the finish line on Columbus Drive in Grant Park. For additional event information, visit the Chicago Triathlon website.

 

Allyson Hoffman, ABR, ACRE, CDPE, CRS, e-PRO, GRI, SFR, SRES
RE
/MAX Villager
Serving Chicago's North Shore, North and Northwest Suburbs
847-310-5300
allyson@allyson.com

Get your latest Home Value
Receive Your Personalized Listing Alerts

Let’s Connect, Socially!

Facebook
Twitter
LinkedIn
Google +1
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Allyson Hoffman is your ultimate real estate resource for Chicago's North Shore, North and Northwest Suburbs and surrounding areas. Visit my website for detailed information regarding today’s real estate markets.   

Photo by Quino Al on Unsplash

Displaying blog entries 11-20 of 879

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Allyson Hoffman
RE/MAX Villager
1245 Waukegan Road
Glenview IL 60025
847-310-5300
Fax: 847-400-0881

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1245 Waukegan Road
Glenview, IL, 60025

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