Wednesday, May 7, 2014

Afraid to Sell? Don't Be!

Afraid to Sell? Don't Be!

The real estate market has officially been in recovery for more than a year, but many of today's homeowners are still nervous about trying to sell. If you're interested in making a move and find yourself a bit gun-shy, here are a few points to consider:
Decreased Inventory Means Higher Purchase Prices

Homeowners across Chicagoland have been holding off on selling their homes, leading to a decline in available housing inventory. The Illinois Association of REALTORS® reported that the number of homes listed for sale in the Chicago area was down 25 percent from a year ago. This has become an obstacle for many homebuyers but a boon to sellers. Because there is far less competition in the market, many sellers are receiving multiple offers at or above asking price.
Increased Demand Means Shorter Market Time
Increased buyer demand also means that your home is likely to sell faster!
According to the Illinois Association of REALTORS®, the average number of days for a home to go under contract in the Chicagoland area dropped 15 percent, from 86 days in February 2013 to 73 days in February 2014. Shorter market time means less inconvenience, allowing you to move to your new home without the burden of an ongoing listing.

Who do you call, read below

Call Dino Today for a FREE Market Analysis on Your Home!
Dino J. Micheli, Broker
RE/MAX Unlimited Northwest
Algonquin, Crystal Lake, Huntley Lake Zurich, & Palatine locations
"For All Your Real Estate Needs"
Web Site:http://www.DinoMicheli.com
Cell: 847-922-4241
The finest compliment I can receive is the referral of my services to your family, friends and associates.

Thursday, February 13, 2014

5 Reasons to List Your Home Now

Thinking of selling your home? No need to wait for the spring market! Here are 5 reasons why you should list now.
 
1. Don't wait until Spring to list your home--do it now.

With inventory levels dropping you face far less competition to sell your home. Buyers are in the market and are seeking more quality inventory. Inventory shortages are across the board in all price categories, so don't second guess whether there is an abundance of homes on the market in your price range. The average days on market was 65 versus 85 days in December 2012, a decrease of 23.5%. Nationwide sales for all of 2013 were the highest since 2006, and median prices maintained strong growth, according to the National Association of REALTORS®. The prospects for a strong housing
market continue into 2014.
 
2. Serious buyers are out there shopping.
Consumer confidence has returned to pre-recession levels. Despite adverse winter weather conditions, REALTORS® report strong activity and steady foot traffic. People are stepping up their online searches as well. Less competition means more exposure for you as individuals begin their search process online through the various real estate search engines. Homebuyers in 2014 are likely to be a combination of both repeat buyers, first-time buyers and boomerang buyers who have been renting since they lost their homes due to default. Buyers are making their move to purchase before interest rates inch higher.

3. There is less competition.
Spring typically brings more sellers to market. Be early to this real estate party versus late. Get your house listed on the market now to beat the flurry of sellers waiting until spring to list their home for sale. The longer you procrastinate means you will be selling alongside a greater number of sellers within your price range when the weather breaks. As the economy continues to strengthen in 2014, there will also be a substantial increase in new single-family construction to meet the rise in household formations.

4. Move on to that new chapter in your life.
More than likely you have been evaluating your options for some time now and this is not a quick spur of the moment decision to sell. Make your move this winter so that you can focus on other things this spring and enjoy the outdoors! Better yet, lock in those interest rates before they move higher. The 30-year fixed rate mortgage averaged 4.43% in January. Predictions are they could reach 5.3% in 2014 which is a full percentage point higher. That means several more thousand dollars more you will need to pay over the full-term on your mortgage at a higher interest rate level.

5. Price is king in this market.
Pricing your home correctly on the front end is key and critical to getting your home sold. Your target should be getting a strong offer for you home. Now, more than ever you need the special skills and expertise of a REALTOR® who can help guide you through the process of pricing your home. Have you done any updates to your home recently? Make sure to factor those in.

Tuesday, February 4, 2014

Is Selling in Winter a Good Idea?

Selling in Winter brings out a good number of discussions. In fact, is there ever a better time to sell? Summer is so much nicer and much easier to sell, right?

Well, the answer depends:
1.) Do you mind having your home on the market in inclement weather?
2.) Will your house show as nice as in summer?
3.) The number of showings will be much less in winter
4.) People going out to see homes in winter are much more serious in buying.
5.) People in summer have a hobby in just seeing homes, not serious in buying.

I can come up with many more things to consider, but what I like most is that, yes, you will have less showings in winter, but buyers who go out in bad weather are much more serious and motivated to buy quickly.

A seller might miss a great opportunity to sell when inventory is low and less competition than in summer when everyone starts to list. Also, you might have a better chance to get a higher price. 

Discuss this with Dino @ 847-922-4241 to see what fits your situation better.

Sunday, January 26, 2014

Spring is Coming!

I know it might not look like spring is coming, but it is, at least in the real estate world.

Time to think about getting your home ready to sell, remember what you are looking for in a home and think like a  buyer. Look around as if you saw your house for the first time. It's amazing the things you see that need to be update, fixed, painted or whatever it takes to make it attractive to a buyer.

If you need help, contact Dino to visit your home and give his professional opinion on what to do. Not all improvements will add a lot of value to a home and sometimes the cost is more than it is worth.

You fix a home up not to be perfect, if so, you would not want to move then, but to fix it up so that it will sell faster, but not necessarily at a much higher price.

Call Dino today for a no obligation in home consultation at 847-922-4241.

Tuesday, January 21, 2014

Announcing Dino's Micheli's Return to RE/MAX In Huntley, Illinois

Dino is very pleased to announce that he has joined RE/MAX UNLIMITED NORTHWEST in Huntley,Illinois which is adjacent to Sun City Huntley on Route 47 just north of  I90.
Dino has lived in Sun City for over 8 years and is considered an expert in what the over 55 community has to offer in a "Active Lifestyle" for "Active Adults".
Sun City is a community built by Del Webb and Pulte starting in 1999 and has approximately 5,500 homes and a resident population of approximately 9,000 residents.
Sun City boasts a 70,000 square foot Prairie Lodge which is the main gathering point in Sun City which includes the famous Jameson's restaurant on site.
Other amenities include 2 outdoor and 1 indoor pool, Two work out fitness centers with state of the art equipment. Bocce courts, A full working woodshop, a professional grade outdoor baseball field, tennis courts, Wildflower Lake with stocked catch and release fishing activities. A championship 18 hole golf course designed and owned by Bill Casper.
Sun City has 60 models to choose from which consists of ranch style single family homes, ranch style townhomes and a three story condominium building. Square feet ranges from approximately 900 to over 6,000 square feet with walk out and English basements which many back up to the golf course or wild life preserve areas. The development boasts a considerable amount of open space.
With the recent completion of the full interchange at I 90 and Route 47, many businesses and retail stores have expressed an interest in opening up new businesses in the very near future.
Huntley, just 10 years ago, being the sleepy small town of 2,000 residents has grown to over 26,000 with an anticipated growth to 60,000 according to the towns master plan.
If you are interested in buying or selling a home, call Dino at 847-922-4241and you will see why people say: "Dino Get's the Deal Done!"