Home Selling

Found 58 blog entries about Home Selling.

haunted orland park home for sale

There are rules on what a seller and their agent need to disclose to prospective buyers about their home for sale.  In Northern IL, we use a comprehensive disclosure form that the seller needs to fill out.  There are separate Lead Based Paint forms for homes built prior to 1978 and a Radon Disclosure Form that everyone has to fill out.

There is nothing on the Seller Disclosure Form, called Illinois REALTORS® RESIDENTIAL REAL PROPERTY DISCLOSURE REPORT, that asks the seller if they are aware that their house is haunted.  In the 35 years I've been selling homes in Orland Park, Homer Glen and surrounding areas, I've never come across a supposed haunted house.  At least no one has disclosed it and I've never heard back from buyers telling me that a

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orland park real estate 2018

As we head into a new year, the most common question we receive is, “What’s the outlook for real estate in 2018?”

It’s not just potential buyers and sellers who are curious; homeowners also want reassurance their home’s value is going up. The good news is that a strong U.S. economy, coupled with low unemployment rates, is expected to drive continued real estate growth in 2018. However, changes on the horizon could significantly impact you if you plan to buy, sell or refinance this year.

HOME VALUES WILL CONTINUE TO RISE

Get ready for another strong year! U.S. home values and sales volume will continue to rise in 2018.  orland park home prices are going up

Experts agree that home prices will increase in 2018, but predict a slower rate of appreciation than 2017, which clocked

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I was going to update the original post I made about how I would sell my home back in 2008 (link below in Realated Links).  But I would have had to make so many changes and updates that I figured it would be best just to start a new post.

De-cluttering and Staging

You need to know your competition

Before putting any home on the market sellers need to declutter, de-personalize and "stage" their homes.  This doesn't always cost money.  Today's buyers have a selection of similarly priced flip homes and regular re-sell properties.  Many times, even if the flip home is priced a bit higher, it's worth it as the new owners couldn't update a competitor home for less than the flip.  Some flips are completely redone - almost like new construction.  Other

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orland park real estate assessed vs market value

Understanding a home’s true market value is about more than pictures, software assessments and price-per-square-foot. Whether you’re a current homeowner thinking of selling or are house-hunting, it’s crucial you understand what factors affect home valuation. By partnering with a local market expert, sellers will avoid pricing their house out of the market (the kiss of death in real estate) and buyers will ensure they get a good deal on their next home.

So, how do you accurately calculate a home’s value? After all, the value a home that is assessed by its town and county and the one it’s given when it’s listed are often dramatically different from one another. Which one is accurate and what does it all mean? Read on to learn more.  

Assessed Value

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You can usually spot new design trends by looking at new construction, especially new subdivision models.  Most builders keep themselves up-to-date with current decorating styles.  One builder I met said they will build one spec home using a cool tone (grey) and the next one with a warm tone (beige).

The current trends are all about utilizing rich color, maximizing texture and creating comfortable interiors you can’t wait to relax in. Use these trends to get inspired to makeover your home’s interiors and create spaces you love that also appeal to your personal style. Remember, if you plan to sell in the next few years, you may want to avoid doing anything dramatic and instead incorporate small changes that would appeal to buyers.  We plan on moving

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Great curb appeal not only makes your home the star of the neighborhood, it can also improve its value and help you sell it for more. Whether you’re thinking of listing your home or just want to make your home the envy of your neighbors, here are several ways to increase your home’s curb appeal.  Download a pdf here.

1. Make your home’s exterior look like new.

For many potential buyers, the condition of the exterior of a home can offer clues to the condition of the interior. The first place to start when boosting curb appeal is the exterior of your house.

Paint.  Paint is the best way to make your home appear newer. While you can paint your home yourself, if it’s large or more than one story, consider hiring a professional.   FHA financing,

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I read several years ago that we should only have our sellers sign disclosures that were mandated by law.  Required disclosures are our Property Disclosures mold disclosure form no longer needed in Illinois(Residential Real Property Disclosure Report), Lead Based Paint Disclosure for homes built prior to 1978  and the Radon Report.  Some lenders require the Lead Based Paint form for all homes, which I think is ridiculous as the form explicitly states that it is for properties built "prior to 1978", so I don't understand why some lenders don't accept the date as lead was removed from paint in 1978.  I do not have my sellers sign that one if their home was built after 1978.  If a buyer's lender requires it we can argue the fact or sign one at that point.

Some years back a Mold Disclosure was created

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Here is an infographic of some real estate buyer and seller profiles of 2016 that I thought many people would find interesting.

orland park real estate buyers and sellers

Home Buyers

Age

Nothing really shocking to me about buyers.  It is interesting to see how the average age has changed since 1981.  I bought my first house in 1976 at the age of 22-23.  That house cost $18,000 and it didn't hit me at the time but instead of a 30 year mortgage we were given a 10 year mortgage!  We were happy with our 10.5% interest rate.  I still drive past that house whenever I'm in the area.

Marital Status

I normally work with married couples but I do get the singles.  In fact, I worked with a couple this past year (they never did buy, but that might be good) that had just started dating and I

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The slideshow below is a quick version of some of the techniques we use to market your property.  For the full online version please click here (this version will give more detailed information for each slide).  


Our Marketing Plan - Created with Haiku Deck, presentation software that inspires;

We will never ask our sellers to do something we wouldn't do to sell our own home. We've sold multiple properties ourselves.  It's not fun, especially when you live there. But we want to work with our sellers as a team to get your home sold in your time frame and at the highest price possible.

If you're thinking about selling your home please interview The Judy Orr Team.  Call us at 708-536-8200 or use our Contact Form.

Search Chicago Suburbs Homes For Sale search for your dream chicago suburb real estate automatically

instant market value for your home free comparative market analysis cma

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orland park homes for sale value

Click the photo above to go to the page for your instant market value.  This isn't just for homes in Orland Park - it will change when you click on the page.  Just put your address in.  I've tried different home value programs and have come back to this one as it gave the closest value for my own home.  This value is based on sold and closed properties, which is what an appraiser goes by.

Buyers can also use this tool for a home they're interested in to see if the home is priced correctly.  However, I create a manual CMA for my buyers so they can get the best data available.

Keep in mind, this is an instant online value based on your location and the few quick questions for you to answer.  This will give you a price range and show you area

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