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Palatine, IL Real Estate News

By John Ziemba, Professional Service for Professional Cleints
(Keller Williams Team Realty)
When the Woods at Countryside in Palatine, IL condo conversion was first announced it was thought to the darling of the Northwest Suburbs.  With over 700 units available this by far the most aggressive condo conversion project in recent history.  Fast forward several years and a never before seen market slump and the picture is a little different today.  While the condo product is decent overall market for condos is way down.  The properties that are selling are selling as short sales and bank owned (REO) properties at substantial discounts.  If you are concerned about purchasing the condo as an investment the most basic analysis is to compare it to the rentals in the area.  The condo market is more stressed at this moment so the downward swing of prices is greater in this product.  I b...
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By Dennis Toomey, Buying or Selling Talk TOoMEy!
(RE/MAX Action)
1295 Sterling Ave #209, Palatine, IL 60067 2 Bedrooms/ 2 Bathrooms       MLS# 07570667         $150,000 Come take a look at this large 2 bedroom, 2 bath end unit condo, with an oversized living room and large kitchen with pass thru. Great for entertaining. Sit on your covered balcony and enjoy the views of the courtyard or go relax by the pool. This condo is one of the few with an owned (not leased) 2 car garage. Newer furnace too. It's a must see. Click on the link below for more details and pictures: http://www.realestate4uonline.com/MLS=IL07570667&s=active RE/MAX Territory 847-956-2800
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By John Ziemba, Professional Service for Professional Cleints
(Keller Williams Team Realty)
Why 50 Cent doesn’t mean 2 quarters.  What’s changing in real estate and what you need to know.   When: This Thursday July 15th 2010, Meeting Starts at 9:15am Where:  Keller Williams Team Realty 800 E. Northwest Highway Suite 200 Dear Fellow Agents (Bring Your Friends Too), Please take advantage of this opportunity to learn about the Trends and Opportunities in the Real Estate Industry.  I have a very dynamic presentation put together for everyone.            Learn about the changing demographics of the real estate industry and how it affects your business.      Learn what changes you may have to make to be relevant in the future. Learn what consumers are looking for and how to provide it.  Learn what technology tools you should be implementing into your business and what the future may...
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By Eric Egeland, SFR, e-PRO, CDPE
(RE/MAX SUBURBAN)
Eric P. Egeland | RE/MAX SUBURBAN | (847) 337-7090 2178 N. Oakbrook Circle, Palatine, IL REO - Bank Owned Property 2BR/1BA Townhouse offered at $119,900 Year Built 1983 Sq Footage Unspecified Bedrooms 2 Bathrooms 1 full, 0 partial Floors 2 Parking 1 Car garage Lot Size Unspecified HOA/Maint $198 per month DESCRIPTION REO listing in move in condition. This is a Fannie Mae Homepath Property. Purchase this property for as little as 3% down! This property is approved for Homepath mortgage and HomePath renovation mortgage financing. SOLD AS-IS. NO SURVEY OR DISCLOSURES PROVIDED. ALL OFFERS MUST BE ACCOMPANIED BY A PRE-QUAL LETTER AND/OR PROOF OF FUNDS. EARNEST MONEY IN CERTIFIED FUNDS DUE UPON ACCEPTANCE. TAXES PRORATED 100% Eric P. Egeland, SFR, CDPE, e-PRO Broker Associate RE/MAX SUBURBAN...
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By Rick Hauser, ABR, CNC, CNE, GRI, SFR, Exclusive Buyer Agent-Cov
(Buyer Broker Chicagoland - CHICAGO IL AND SUBURBS)
Palatine Illinois - MLS Home Search and GPS Enabled Iphone Home Search Application If you are looking for homes in the Palatine IL area - this map-based home search tool is one of the most informative ones that you can possibly use. We also have a cell phone application which we provide to you at no cost - so that you can search Chicago area homes (including Palatine) when you are on-the-go. It is an Iphone app, Blackberry app, Droid app - and works on other varieties of phones such as Samsung, Motorola, Nokia, LG, Verizon, Spring and AT&T. You can simply hit one button wherever you are - and homes that are for sale nearby - pop up on your phone's screen as little blue or red icons. You can see price, specifications, and the pictures of the inside of the home. If you see a home you like...
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By Eric Egeland, SFR, e-PRO, CDPE
(RE/MAX SUBURBAN)
Eric P. Egeland | RE/MAX SUBURBAN | 847.337.7090 1515 Churchill #104, Palatine, IL Recent Rehab in good condition. Move-in ready for this short sale unit. 1BR/1BA Condo offered at $82,000 Year Built 1973 Sq Footage Unspecified Bedrooms 1 Bathrooms 1 full, 0 partial Floors 1 Parking 1 Uncovered spaces Lot Size Unspecified HOA/Maint $231 per month DESCRIPTION Recent rehab in good condition. This short sale listing is move in ready. This condo features generous room sizes, wood laminate flooring, granite counters with newer cabs. Bosch washer/dryer. Pool, fitness center and generous patio.**100% tax pro-ration** Eric P. Egeland, SFR, CDPE, e-PRO Broker Associate RE/MAX SUBURBAN NorthShoreREO.com see additional photos below PROPERTY FEATURES - Dishwasher - Refrigerator - Stove/Oven - Grani...
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  Downtown Palatine Row Homes The market statistics for home sales in Palatine IL for the month of April 2010.  The current inventory of homes for sale in Palatine Illinois Zip Code 60067 is up vs last month and sales this month over last month up for single family homes and up for attached single family homes.  Our average LP of sold homes is down for single family homes and up for attached single family homes.  Average Sale Price of homes sold is down for single family homes and down for attached single family homes, and our LP/SP ratio is the down for single family homes and down for attached homes.  The average market time for homes sold in Palatine IL 60067 zip code has gone up for single family homes in Palatine and down for attached single family homes in Palatine in the last mo...
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By Dennis Toomey, Buying or Selling Talk TOoMEy!
(RE/MAX Action)
1787 Ethans Glen Dr., Palatine, IL 60067 2 Bedrooms/ 3.1 Bathrooms       MLS# 07510399                  $295,000 Contemporary style home with fresh paint and neutral décor, imaculate 2 bedroom with loft and finished ENGLISH basement with wet bar. Home has large bedrooms with vaulted ceilings, arched windows and canned lights. Master bathroom with double vanity, separate shower and relax in the deep soaking tub! New Oak Hardwood floors throughout first floor. Huge enclosed grassy common area in front of house, for you to enjoy! Click on the link below for more details and pictures: http://www.palatinetownhome.com/MLS=IL07510399&s=active RE/MAX Territory 847-956-2800
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By Dennis Toomey, Buying or Selling Talk TOoMEy!
(RE/MAX Action)
235 W. Smith St. Unit 409, Palatine, IL 60067 2 Bedrooms/ 2 Bathrooms       MLS# 07521750                 **LOCATED IN DOWNTOWN PALATINE** WALK TO TRAIN, STAR BUCKS, SHOPS & RESTAURANTS. FEATURES EAT-IN KITCHEN W/ GRANITE COUNTERS, SS APPLIANCES, MAPLE CABINETS, WASHER & DRYER, DBL VANITY, SOAKER TUB, WALK IN CLOSET, AND LARGE BALCONY. PARKING GARAGE AND STORAGE. ALL UTILITES INCLUDED EXCEPT ELECTRIC. DOGS OK TOO! WHAT A DEAL! COME AND SEE! Click on the link below for more details and pictures: http://www.realestate4uonline.com/s=active RE/MAX Territory 847-956-2800
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By RealSupport, Inc., - Virtual Real Estate Marketing
(RealSupport Inc.)
  Statistics show that no matter who your target market is, and no matter how much marketing you do, a large bulk of your business will come from past clients and referrals.  When you think about the impact this could make to your bottom line, don’t you wish you had a system in place that would allow you to send birthday and/or anniversary cards without lifting a finger? Keep reading because I’m about to tell you how you can make that wish come true… Some of you may have heard of this company – Send Out Cards.  It is a unique company that allows you to utilize an online system to send out greeting cards. My husband’s Aunt gave me a 10 card account for Christmas and It has saved me several times. Even though, as a virtual assistant, I am very detailed and organized, I still can not seem ...
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By Haris Dedic, Glenview Real Estate - Chicago North Shore
(Villager Realty 847-878-2588)
I will be attending Real Estate Technology 2.0 ~ RainCamp that is finally coming here to Chicago-land. I can't wait to meet the attendees; real estate professionals, ActiveRain gurus, blogaholics ...    My path has crossed with a few members, but I can't wait to meet the ones who have been my secret advisers. The local real estate agents, real estate professionals, and people from the industry who always share they knowledge. The RainMakers, The Ambassadors, The Staff.  Who will I call by name that I met online. That's the question? Who will be the first to say hello!    RainCamp here we come! Chicago on Monday, April 19th, 2010   This first time event in Chicago will be held at the Wojcik Conference Center at Harper College.  Here's a map to help you get to 1200 W. Algonquin Rd. in Pal...
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By Rick Hauser, ABR, CNC, CNE, GRI, SFR, Exclusive Buyer Agent-Cov
(Buyer Broker Chicagoland - CHICAGO IL AND SUBURBS)
Are You a First Time Home Buyer - looking to buy in the Palatine area? 95% of our clients this past year were first time buyers.    Note however - that you just have 2  weeks left to have a seller signed contract for a home (April 30th is the deadline) - in order to receive the $8,000 first time home buyer tax credit.  You must close by June 30th. We've helped people find their perfect home in as little as 3 days - so - no worries (as they say in Australia) if you are only getting around to deciding to buy now.   Due to our very in-depth initial consultation interview - we gain a very deep understanding of your needs, which allows the ability to laser-target (and show you) exactly what you are looking for.   But if you want variety - and to gain a sense of what is a "good deal" and wha...
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By Heidi Engel, BROKER/Realtor, ADPR, SRES, FSSR
(RE/MAX Suburban)
Palatine IL 60067, 60074 Attached Housing Real Estate Statistics as of March 21 2010 Palatine IL Attached Housing Real Estate Statistics as of March 21 2010 What's Been Happening in the Palatine Real Estate Market--See Below *LMT=Listing Market Time (How long the property has been on the market at its current price) **MT=Market Time (Total Market time) Active Attached Housing (Search exceeded 500 limit):   Total Properties: 500   List Price Approx SF Beds Baths LMT MT Minimum $43,200 0 0 1 3 3 Maximum $650,000 4000 5 3.1 1005 1300 Average $194,552 1077 2 2 142 221     Under Contract Attached Housing:   Total Properties: 113   List Price Approx SF Beds Baths LMT MT Minimum $36,630 0 0 1 1 1 Maximum $399,900 3000 3 3.1 655 1148 Average $139,876 847 2 2 156 213     Last 3 months of Sold an...
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By Heidi Engel, BROKER/Realtor, ADPR, SRES, FSSR
(RE/MAX Suburban)
Palatine IL 60067, 60074 Detached Housing Real Estate Statistics as of March 21 2010 Palatine IL Detached Housing Real Estate Statistics as of March 21 2010 What's Been Happening in the Palatine Real Estate Market--See Below *LMT=Listing Market Time (How long the property has been on the market at its current price) **MT=Market Time (Total Market time) Active Detached Housing:   Total Properties: 319   List Price Approx SF Beds Baths LMT MT Minimum $64,900 0 2 0.3 2 4 Maximum $1,700,000 6000 6 6.1 805 1429 Average $461,233 2838 4 2 153 242     Under Contract Detached Housing:   Total Properties: 62   List Price Approx SF Beds Baths LMT MT Minimum $149,900 1040 2 1 2 2 Maximum $899,000 4700 6 4.1 1024 1423 Average $369,341 2668 4 2 142 267           Last 3 months of Sold and Closed Detac...
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By Rick Hauser, ABR, CNC, CNE, GRI, SFR, Exclusive Buyer Agent-Cov
(Buyer Broker Chicagoland - CHICAGO IL AND SUBURBS)
The median single family home price as of March 21 2010 for Palatine is $450,242.  The average property in Palatine as of March 21 2010 has been on the market for about 299 days - which has been constantly trending up from 200 days -- in the fall of 2009. The median price per square foot for homes in PALATINE as of March 21 2010 is $177. There were 359 properties on the market in PALATINE as of March 21 2010 - which has been trending up since the beginning of the year... Map of Palatine Homes Having The Longest Days on Market... _____________________________________________________________________ As Exclusive Buyer Agents - we provide expert research and negotiation for home buyers and investors in the Chicago area. Unlike "buyer agents" - we are specialists, not generalists, and we ar...
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    New Listing for Sale in Shadowbend The market statistics for home sales in Palatine IL for the month of February 2010.  The current inventory of homes for sale in Palatine Illinois Zip Code 60067 is up vs last month and sales this month over last month down for single family homes and up for attached single family homes.  Our average LP of sold homes is down for single family homes and down for attached single family homes.  Average Sale Price of homes sold is down for single family homes and down for attached single family homes, and our LP/SP ratio is up for single family homes and down for attached homes.  The average market time for homes sold in Palatine IL 60067 zip code has gone down for single family homes in Palatine and up for attached single family homes in Palatine in th...
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By Dennis Toomey, Buying or Selling Talk TOoMEy!
(RE/MAX Action)
Palatine Real EstateDennis Toomey continuously monitors local real estate statistics to keep his clients informed and ahead of the real estate trends.  Below, at the end of the page you will find Palatine real estate statistics for the last 12 months as of February 19, 2010.To find the value of your home with a free, over-the-net home evaluation, please visit: www.KnowYourHomeValue.com/active or use this link http://www.knowyourhomevalue.com/remaxil/modules/global/forms/marketevaluation.asp?&acc=32722&s=active If you would like a free list of homes for sale in this area/neighborhood or would like more information about Palatine, please visit: www.GetYourRealEstateHere.com/active or use this link http://www.GetYourRealEstateHere.com/remaxil/modules/agent/agent.asp?p=findahome.asp&page=s...
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  January will be posted soon!   Short Sale Condo for Sale in Palatine Illinois The market statistics for home sales in Palatine IL for the month of December 2009.  The current inventory of homes for sale in Palatine Illinois Zip Code 60067 is down vs last month and sales this month over last month down for single family homes and down for attached single family homes.  Our average LP of sold homes is down for single family homes and down for attached single family homes.  Average Sale Price of homes sold is down for single family homes and down for attached single family homes, and our LP/SP ratio is down for single family homes and up for attached homes.  The average market time for homes sold in Palatine IL 60067 zip code has gone up for single family homes in Palatine and down for ...
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By Ryan Gable
(StartingPoint Realty Inc.)
Some of the subjects covered:     * Roles of the Lender/Mortgage Broker    * Credit    * Pre-Approval    * Roles of the Real Estate Agent    * Searching for Properties    * Contracts    * Negotiation    * Closing   Class Location: Palatine, IL Palatine Library, 700 N Court, Palatine, IL Thursday, February 11th at 6:30 p.m.   This e-mail address is being protected from spambots. You need JavaScript enabled to view it To RSVP, please call or e-mail Tammy at:TammyH@StartingPointRealty.com(815) 540-7671
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By Dennis Toomey, Buying or Selling Talk TOoMEy!
(RE/MAX Action)
Palatine Real EstateDennis Toomey continuously monitors local real estate statistics to keep his clients informed and ahead of the real estate trends.  Below, at the end of the page you will find Palatine real estate statistics for the last 12 months as of January 22, 2010.To find the value of your home with a free, over-the-net home evaluation, please visit: www.KnowYourHomeValue.com/active or use this link http://www.knowyourhomevalue.com/remaxil/modules/global/forms/marketevaluation.asp?&acc=32722&s=active If you would like a free list of homes for sale in this area/neighborhood or would like more information about Palatine, please visit: www.GetYourRealEstateHere.com/active or use this link http://www.GetYourRealEstateHere.com/remaxil/modules/agent/agent.asp?p=findahome.asp&page=se...
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