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Uncategorized | 7 Posts
November
20

With COVID-19 still upon us, the real estate market, like nearly any other market, is continuing to feel the effects. This is especially true in such a large real estate market like Chicago and its surrounding suburbs.

Right now, the real estate market is low in inventory and national home price averages are higher than ever. Homes are flying off of the market and our real estate agents in Rockford, IL have been busier than ever. On the other hand, high-rise buildings in cities like Chicago and New York are seeing vacancy rates like never before due to people flocking to cheaper areas.

The Demand in the Suburbs Will Stay High

Buyers know that the future of their workplace likely reflects a hybrid model - both working from home and going into the office will be commonplace as the world recovers from the virus. Having a space of your own to call home is more important than ever, and buyers know that with more space in the suburbs, this is a good place to invest. Even a vaccine won't eliminate the demand for a home that has a yard.

What About Mortgage Rates?

Mortgage rates are continuing to break their own all-time-low records, but even the announcement of a promising vaccine has the potential to reverse this decline. It's impossible to say for certain how mortgage rates will change as the result of a vaccine; some analysts point to a "V-shaped" recovery that would have rates going back up soon after the vaccine comes out

The Bottom Line

With so much change continuing to take place, change is the only constant to rely on. Regardless of how the vaccine plays out, our team at Berkshire Hathaway HomeServices Crosby Starck Real Estate will guide you in the right direction to find you a great home at a competitive price.

Get in touch with us today, we look forward to helping you find your next property!

October
28

With the market still churning out impressive rates, now is still a great time to make your first home purchase. Understanding the process is an important step in ensuring you end up with the perfect home for your needs and budget. Whether you've been browsing different homes for sale in Roscoe, Il casually or with the intention of buying, here are some helpful pieces of advice from our real estate experts.

Start Saving Earlier Than You Think

There are many fees that you'll need to have the funds for that go beyond the down payment. Be mindful of unexpected costs such as closing costs, private mortgage insurance, inspection fees, etc. These things add up fast, especially in Illinois and the City of Chicago.

Monitor Your Credit Score

Your credit score will play a large role in determining how much of a loan that you can receive for your purchase. Do your best to pay off your credit cards and strengthen your score in every way possible. Avoid closing any unused cards for the time being, you don't want that to negatively impact your score.

Find a Trustworthy Mortgage Lender

Finding the right mortgage lender can make a huge difference in the home-buying process. There are many mortgage companies from which you can choose, make sure to do your research and find someone with great reviews.

Choose the Right Agent

The right real estate agent will make finding your dream home a breeze. They will be patient and show you a variety of options that fit your requirements. Finding the right agent is easier than you think when you rely on Berkshire Hathaway HomeServices Crosby Starck Real Estate. Get in touch with us to browse a variety of homes for sale in Roscoe, Il and surrounding areas.

September
30

If you've been looking for new homes for sale in Rockford, Il, you've come to the right team of real estate agents! At Berkshire Hathaway HomeServices Crosby Starck Real Estate, we are happy to show you everything that the current market has to offer.

Whether it's your first home or you've been homeowners for quite some time, the question remains: do you prefer a fixer-upper or a turn-key home? There are pros and cons to each that should be considered before you put in an offer.

Fixer-Uppers

Put simply, fixer-uppers can be a lot of work, but they can be worth it to end up with the dream home you've always wanted. Typically more budget-friendly, fixer-uppers are ideal for those who have a tight budget but who want to help play a part in constructing their dream home. Choose each specific finish to your liking and create a home you didn't know was possible.

On the other hand, the time and financial investment can turn many people away from fixer-uppers. There is a lot of research and planning that is involved in the process and it requires a high tolerance for construction and chaos.

Turn-Key Homes

New homes for sale in Rockford, Il come equipped with all of the bells and whistles you'd expect. New appliances, fresh paint, custom finishes, the whole 9 yards. As soon as you unpack and add a few personalized touches, the home will be finished.

Cost, of course, is the biggest downside to purchasing a turn-key home. You can expect to pay a premium for a home that is already finished.

Which is Best for You?

There is no right or wrong answer when deciding between a fixer-upper and a turn-key home. The important thing to remember is that the home will be uniquely yours when all is said and done. Get ready for a lifetime of memories with the people you care about the most!

Please get in touch with us if you're ready to take the next steps toward finding your dream home!

 

August
21

Whether you've sold a home before or you're gearing up to sell your first property near Machesney Park, it can be overwhelming to think about everything that needs to get done. One thing that we often talk about at Berkshire Hathaway HomeServices Crosby Starck Real Estate is curb appeal. Curb appeal, although seemingly simple, is an effective way to instantly make your property more attractive to potential buyers. After all, first impressions are extremely important! Here are some reasons that curb appeal is important.

It Provides Attractive Online Images

In today's real estate market, online images are extremely important to potential buyers. In fact, 88 percent of home buyers begin their process online. Make sure your property packs a punch from the get-go, and this starts with quality photos. Declutter and clean your home and take some test photos to see how they turn out. Overcast days are especially good for taking home photos.

Make Your Address Visible

The numbers on your home should match the overall style; whether you have a modern farmhouse or something more traditional, make sure the numbers on your home are visible to the buyer. You'd be surprised how much of an impact this makes.

Utilize Greenery

Plants and flowers both outside of your home and inside of your home help make your property that much more attractive to potential buyers. This simple touch makes it that much easier for buyers to envision themselves living in your space.

Selling property near Machesney Park is significantly easier with our team on your side. Please get in touch with us if you're ready to list your home!

 

July
17

 

Buying your first piece of real estate is one thing, but the process of selling your first piece of real estate is a completely different experience. Chances are, you feel antsy about selling your home. After all, it is a place where many memories were made in addition to being one of the largest investments that you've ever made. As professionals in this area of business, we aim to help educate our clients and make this process as easy and stress-free as possible. We'll make sure that your house for sale in Roscoe, Il doesn't stay on the market for long. 

Make Sure You're Ready to Sell

This may sound silly, but plenty of people change their mind about selling when the process actually begins. Being emotionally ready and financially ready are two different things, so you'll want to make sure that it is a smart time to sell. All emotions should be in check to help make the process run smoothly. 

Choose a Qualified Agent

Let our team at Berkshire Hathaway HomeServices Crosby Starck Real Estate take on the brunt of your stress! We are experts in this field and we will provide expert guidance every step of the way. We'll ensure that you get the highest amount possible for your home and make sure the legal side of things is also taken care of. 

Prepare Your Home

If you have odds and ends around your home that you can complete without spending too much money, it's always ideal to do so. While small fixes such as addressing a leaky toilet or touching up a patch of paint may not seem like a big deal, they may alert potential buyers that the home hasn't been cared for properly. 

Price It Correctly

How you price it will have a huge impact on how long your home sits on the market. You want to get as much money as you can without scaring potential buyers away. You should also have an idea of what other similar properties in your area are going for so you can set your expectations. Part of our expertise includes determining an ideal selling price that reflects the market.

There are tons of houses for sale in Roscoe, Il, but our team will ensure your property stands out from the crowd. Call us today to get started.

 

June
17

The real estate market is constantly changing, so both buyers and sellers need to evaluate the market before they make lasting decisions. In response to COVID-19, houses for sale in Belvidere, Il and surrounding areas are undoubtedly impacted, and buyers need to be prepared to react quickly to new listings and be flexible when they are able to see the house in person. 

What is a Seller's Market?

Here's what we mean when we say it is a sellers' market: sellers have the power! The current inventory is limited compared to what it is usually like this time of year, so sellers should feel a sense of relief that they'll likely be able to unload their properties in a timely manner. 

The National Association of Realtors and Economists track markets based on how many months of inventory there is. To determine this number, they take the number of listings on the market and divide it by the rate that homes are selling per month. Typically, 5-6 months of inventory is considered a balanced market. Three months or less of inventory is considered to be a strong seller's market. For the past few weeks, northern Illinois has been under a 2 month's supply. This is an extremely hot market that benefits the seller! Sellers know that homes that are priced correctly are selling in a week or less. 

Tips for Buyers During this Time

If you're looking for a home during this time, don't panic. It's still very possible to find your dream home, especially with a skilled team like ours on your side. Here are some tips for buyers:

  • React quickly to new listings and be prepared to make an offer if a home catches your eye. This means being prepared to go straight from your showing to your broker's office to write an offer. 
  • If you also need to sell your home, consider a bridge loan. This will cost you $3,000-$5,000 but allows you to finance the purchase or your new home, then sell your old home.
  • If possible, sell your current home and stay with family or friends until you can buy, as home sale contingent offers are tough to get accepted. 
  • Don't make lowball offers. Put in an offer that is close to the listing price, or even a little bit over the listing price if you're able. 
  • Don't muddy the contract with warranties, seller-paid closing costs or other freebies that will benefit you. 

Of course, turning to our team at Berkshire Hathaway Home Services Crosby Starck Real Estate is a great way to help increase your chances of finding your perfect home. Please reach out to us to get started!

 

May
20

COVID-19 has undoubtedly taken the world by storm, and we are all feeling the effects of it on a daily basis. Now more than ever, we all need a safe place to call home. Our real estate agents serving Belvidere and surrounding areas are here to help. It's our mission to work diligently on your behalf to ensure you end up in your dream home. Here are some tips to keep in mind during this difficult time. 

Create a Wishlist

This is an essential part of the process, especially during quarantine. Sit down and come up with a wish list of non-negotiables that you want your new space to have. This will reduce the number of homes that ultimately aren't a good fit for you and your family. While there isn't always a rush to find the right home, a wish list is a great way for our team at Crosby Starck Real Estate to provide you with homes that will be strong contenders. 

Research Is Key

Our website makes it easier than ever to conduct research regarding your dream home. You can search by property type, price, number of bedrooms and bathrooms, and so much more. Spend some time navigating our website to see the type of property that you can get for your budget so you have a better idea of what to expect. Of course, if there are specific listings that catch your eye, please let us know and we will be sure that you see them!

Ask About Videos & Virtual Tours

Like many other areas of business, we have adapted our processes to keep our business, our customers and our community safe during this time. There are many properties offering virtual visits so that you can view properties from the safety of your own home. 

Choose the Right Agent

Finally, choosing the right agent is essential to your search. Our real estate agents serving Belvidere and surrounding areas know the market from the inside-out, staying up-to-date on properties and making smart recommendations to fit your needs. 


Berkshire Hathaway HomeServices Crosby Starck Real Estate remains committed to helping you and your family find a place to call home even during this unprecedented time. Please contact us today if you're interested in working with one of our agents.

 

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