Chicago Heights, IL Real Estate News

By Jack Lewitz
(Exit Strategy Realty)
 I went to China on Vacation and was approached by the guide at a Tea Factory who asked me" Where are You From?"And his response was " Oh Michael Jordan"                       I was surprised by this answer but not too surprised because Michael Jordan was such a big star.        But I started to think about older images of Chicago like:  Windy City:  Chicago got this nick name because of it's politics being so winded.  Chicago Gangsters:  Al Capone and other notorious gangsters who were around during the 1920's. The Jungle: Welcome to the Jungle by " Upton Sinclair was a story about the Chicago Stock Yards where the smell of livestock was powerful. The stockyards have gone away but many probably remember the Chicago Amphitheatre located there and that is where the Beatles performed in C...
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By Dale Dresel, Professional Realtor Maricopa, Gilbert & Goodyear
(HomeSmart Success, Maricopa, Gilbert & Goodyear AZ)
*Homes for Sale in Palm Valley, Goodyear Arizona*      Goodyear 2 Story Pool Home for Sale w/ no Neighbors behind in Palm Valley AZ! Now vacant & ready to go! Immaculate home in Palm Valley & Millennium High School!  wow! Great private yard with no neighbors behind, your own pool, fruit trees, extended patio and gas stub for BBQ. Garage has cabinets and 4' extension.. $249,900 MLS 5218118 3Beds/3Baths Sq ft 2143 14341 W VERDE Lane Goodyear, AZ 85395  Beautiful kitchen with granite counters, breakfast bar, all appliances and spacious. Formal living and dining, bay window in breakfast nook, diagonal tile, extra large arcadia doors to backyard, fans throughout. Loft is great for game room or office! Master bath has separate tub & shower, double sinks and large walk in closet.  Palm Valley ...
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By Dean Moss, Dean's Team Chicago IL Real Estate Team
(Dean's Team - Keller Williams Realty Partners Chicago IL)
By now, you've heard the stories - from several years ago, in the hardest-hit Real Estate Markets in California, Arizona, Florida, Nevada, and other places.   Highly-leveraged homeowners, severely underwater on their mortgages, just pick up and move away, leaving their homes to face eventual foreclosure from their lenders. Although many holding underwater mortgages are indeed in considerable financial distress, hundreds of others do have the means to pay, but simply want to move on, unaware that such behavior might have considerable financial consequences.   Indeed, legally, in most states, including Illinois, lenders can go after delinquent borrowers whose home is eventually foreclosed for the full deficiency between what they owe on their outstanding loan, and what the mortgagee might...
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Single Family Home Stats for Chicago Heights, Illinois Currently for Sale   For Sale Avg. List Min. Max Avg. Days All 214 $68,367 $900 $299,900 180 2 bedrooms 25 $49,975 $900 $139,900 214 3 bedrooms 138 $68,003 $3,900 $199,900 170 4 bedrooms 39 $72,292 $4,000 $299,900 201 5 bedrooms 12 $98,117 $14,900 $219,900 154 View All Single Family Homes For Sale in Chicago Heights Sale Averages - By Month   Sales Avg. List Avg. Sale Ratio% Avg. Days Dec 2012 27 $55,802 $44,490 76.7% 125 Nov 2012 14 $59,511 $49,832 87.1% 184 Oct 2012 13 $78,919 $67,795 87.7% 132 Sep 2012 19 $54,140 $47,468 90.2% 140 Aug 2012 31 $87,919 $74,191 83.2% 145 Jul 2012 20 $78,869 $58,199 80.7% 173 Jun 2012 13 $72,889 $54,969 80.2% 176 May 2012 19 $71,921 $57,468 90.4% 177 Apr 2012 16 $47,706 $36,956 81.5% 153 Mar 2012 12 ...
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Step 4: Now that a deal has been made, you engage the resources you need to complete the purchase.  Week one of the contract is the most critical of all. There are MANY things you must deal with in Week One: •1.     Loan Application: Day ONE, call your lender to activate your application and order an appraisal. The lender we most love to recommend to clients is Guaranteed Rate (Brian Weis is our contact-his office number is  773-290-0591 ; his fax is 773-516-6732). •2.     Attorney Review: You must also immediately engage an attorney. Attorneys to consider include: •·         Deanna Ryan (office:773-687-9064) •·         Attorney #  2 (TO BE ADDED) •·         Attorney #  3 (TO BE ADDED) •3.     Property Inspection: Good inspectors include Steve Hier (773-342-4722) of Miller-Hier or Robb ...
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What to watch for with single-family homes:: In general, be aware that it is very easy to make a home sound good on paper-we always recommend drive-by's before setting up any showings!!! Our agents will be able to help you see how each neighborhood breaks on the price points-cheaper property may typically need more than 50K of work!!!. And this is just the start of what you'll find at www.Chicagoland2to4Flats.info!!!
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By Dean Moss, Dean's Team Chicago IL Real Estate Team
(Dean's Team - Keller Williams Realty Partners Chicago IL)
Hi from Chicago, folks! Just a bit of snow here today - but it's not that way Back East!  If that's where you are tonight - be careful, and hunker down! Here's this week's edition of Chicago Neighborhood News from our Team Member Cathy Mallers.  This week, Cathy covers the Chicago Neighborhoods of Norwood Park, Lakeview, The West Loop, and The Gold Coast, as well as the Chicago Suburb of Oak Park IL. Have a last-minute holiday gathering you would like us to help you publicize, either in the City of Chicago or in any Chicago Suburb?  Please let us know, and we'll help you get the word our. Our Team offers the Highest Ranked Active Rain Blog in the City of Chicago! NORWOOD PARK Sometimes you just never know what you're going to find as a hidden gem in your local neighborhood.  Take Kouks ...
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By ABC Plumbing Heating and Cooling
(ABC)
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By Maureen Moran
(Rubloff Residential Properties)
As reported by The Wall Street Journal, quoting data from the National Association of Realtors, housing inventories are down over last year. Typically we see a slow down at this time of year, and the slow down isn't too bad. In reviewing the 3rd quarter statistics for 2007 and 2008, from the Chicago Association of Realtors, the sales volume for Lincoln Park, Lakeview, Bucktown and Wicker Park are all down for single family homes and condominiums ranging from 10% to 30%. However, in comparing 3rd quarters for '07 and '08, average sale price went up in some cases, and went no lower than 4%. Real estate is a local.
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By Dean Moss, Dean's Team Chicago IL Real Estate Team
(Dean's Team - Keller Williams Realty Partners Chicago IL)
Hey - where's the bottom of the housing market?  Precisely, now, when will it occur?   Or, has it occurred already? In Chicago - we don't know when it will bottom, and all indications are it has yet to happen.  Things are brightening up a bit here, it seems, but we still have a way to go. Across the country, sales of existing homes rose 3.1% for July, 2008, versus June - to an annualized rate of  5 Million Units, from 4.86 Million Units the prior month.  However, the national inventory of homes for sale increased 3.9%, to 4.67 Million - an all-time record!    The National Association of Realtors pegs the inventory at an 11.2 month supply - nearly double the approximate 6-month "balanced inventory" level. Here in Chicago, in the North and Northwest Side Neighborhoods we serve most often,...
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By Chuck Dellorto, "Talk To Chuck"
(Coldwell Banker - Serving INDIANA & ILLINOIS)
  Detached Single Family   Bedrooms # Sold % Sold Avg LP (Sold) Avg SP SP:LP Ratio Avg MT (Sold)     All 248 100% $124,990 $120,959 97% 125     2 or Less 27 100% $78,148 $73,933 95% 99     3 180 100% $126,451 $122,381 97% 121     4 36 100% $155,120 $151,509 98% 139     5 or More 5 100% $108,420 $103,760 96% 292 Presented By: Chuck Dellorto McColly Real Estate   Primary: 219-864-7516 Secondary: 219-793-6154 Other:     E-mail: dellorto@mccolly.com 850 Deer Creek Drive Schererville, IN 46375 219-322-5508 Fax :  219-322-0311 See our listings online: Web Page: http://www.chuckdellorto.com     All information herein has not been verified and is not guaranteed.Copyright ©2007 MLSNI, All rights reserved.
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