March 2013

Found 4 blog entries for March 2013.

I was laughing out loud at an article I read about ABC News 20/20 interview with some real estage agents and their claim of "blowing the whisle on shady real estate tricks." I'm not saying this stuff is never done and there are bad apples in real estate like any other business.

Here is my personal response to some of the so-called tricks based on interviews with 2 reality TV real estate agents, Ryan Serhant, the star of a Bravo reality show and Sandra Rinomato, the former host of Property Virgins on HGTV:

Bait and Switch

Serhant, an agent in New York City (which I've heard does not utilize an MLS like we do in Northern IL), states that agents keep listings up long after they've been sold.

My response is that if an agent does that in our

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Although the Midwest doesn't usually show the same fluctuations as the west and east coasts, prices and sales have dropped substantially since the real estate bust. Some areas like much of Florida, Las Vegas, NV and Phoenix, AZ were hit hard, with more than 50% decreases in home values. Some southwest Chicago suburbs have shown double digit price decreases and when you add them up over the years since the bust, prices have plummeted drastically in some villages. Amount of annual sales have also decreased.

California showed decreases and popped back the quickest. Many areas in the state are back to a seller's market with decreased inventory and buyers wanting to still get a good price at low interest rates.

Low inventory across the nation is causing

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orland park homes for sale

Now that I have a 3 person family team we are able to go out of our normal service area which spans around Oak Lawn/Evergreen Park to the northeast, La Grange area to the near west, Lockport, Lemont and New Lenox to the southwest and Oak Forest to the southeast and everything in between. Those are just general parameters and we do go out of them regularly, but for this article we will stick to our smaller area. Here are the top 5 southwest suburbs that we work in with the most amount of single family home sales for 2012:

  1. Oak Lawn - 448
  2. Orland Park - 325
  3. Lockport - 294
  4. Frankfort - 275
  5. New Lenox - 265

Our Northern IL MLS used to be the largest in the nation and it is still up there. Some states are consolidating into statewide

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orland park homes for sale

Now that I have a 3 person family team we are able to go out of our normal service area which spans around Oak Lawn/Evergreen Park to the northeast, La Grange area to the near west, Lockport, Lemont and New Lenox to the southwest and Oak Forest to the southeast and everything in between. Those are just general parameters and we do go out of them regularly, but for this article we will stick to our smaller area. Here are the top 5 southwest suburbs that we work in with the most amount of single family home sales for 2012:

  1. Oak Lawn - 448
  2. Orland Park - 325
  3. Lockport - 294
  4. Frankfort - 275
  5. New Lenox - 265

Our Northern IL MLS used to be the largest in the nation and it is still up there. Some states are consolidating into statewide

685 Views, 0 Comments