Friday, February 26, 2010

What is a short sale?

I am not going to mince words in my blog today...DO NOT WALK AWAY FROM YOUR HOME!
Yes, we are all feeling the pinch of this economy and many of us have had a "change" in our circumstances--from losing a job,health issues,divorce, a fluctuating mortgage and/or the inability to refinance... just to mention a few.
There are ways to work out a settlement with the bank/mortgage holder.
Currently in Barrington , there are 151 homes (about 50 is vacant land) that have missed payments on their mortgage. 17 are going through the auction process and 41 are bank owned.
Most of these properties are not even on the market! Please if you or someone you know has missed a payment or will be soon..Let's talk about the possibility of  a "short sale"
A short sale is when you sell your home for less than is owed on the mortgage.
I have been awarded a Certified Distressed Property Expert Designation as well as an SFR..Shortsale Foreclosure Resource. You know how I feel about Knowledge...it is Power!!!
Remember, I am here to help!
Cheers,

Friday, February 19, 2010

Living Large in a Small(er) Home...

After years of super-sizing, Americans are looking for more modest living spaces.
Baby Boomers are now becoming “empty nesters” and are looking for simplification in their lives and downsizing fits the bill to a “T”!  Young adults are keen on leaving less of a “footprint” and women lead the way in head of household homes that are being purchased. With the average home size declining, owners are being more creative with the square footage they have or will purchase.
Baby boomers are retiring, young adults are delaying marriage and the economy is still sputtering along. Although the average square footage of a new house is still double what it was in 1960, in the last year, it decreased slightly to 2,215 square feet from a high of 2,277 square feet in 2008, according to data from the U.S. Census Bureau.
Smaller houses require owners to rethink what they have and how they use things.
Often I have to work with my clients on “placing” furniture as we walk thru a prospective home and it can become a sticking point if “grandma’s dining room table won’t fit. I have also seen clients walk away from a gorgeous new home because the T.V wouldn’t be able to sit front and center!
This is where my staging expert comes in…
Mary Kalesz of McKenna and Me is a certified staging and redesign expert that has been helping clients re size their lives. Mary can help rearrange their furniture to maximize floor space, reuse and re-purpose ….  Mary understands that the average size of a new home has decreased for the 1st time in nearly 30 years. Also, Mary works with me to help you get your home ready to sell!
Mary says “If you wanted to move into a certain neighborhood 40 years ago, you'd only have one or two homes to choose from. Now you've got six homes on a block. People need to take that extra step. Staging will preserve more of the purchase price. And that's what people need to do - all that they can to increase the perceived value of their home ".

Here is a list of a few of Mary’s comprehensive services:
Home Staging and curb appeal consulting, de-cluttering and re-organizing, wall color and  lighting schemes,inspired room configurations,window treatments, and attention grabbing finishing accents.You can contact Mary at 847-209-3221 or email her at mcandmedesign@sbcglobal.net. Check out  Mary's website
Remember..I am here to help!
Cheers!

Thursday, February 11, 2010

Once upon a time in a far away land...

Ok..don't hate me because I was able to leave the frigid temps in Barrington,Il for the island paradise of Koh Samui, Thailand. WOW! Am I lucky or what!!  We really enjoyed ourselves and meeting the wonderful Thai people..but there is no place like home!  My father always would say "take your time going..but hurry home!"
http://www.youtube.com/my_videos