Greater Chicago Real Estate News

Oct. 17, 2019

Keeping Emotions in Check During the Real Estate Process

What mindset should buyers and sellers stick to as they navigate the market if they want the best results for their transactions? Find out here.

 

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation

 

Throughout the real estate process, many homebuyers and sellers go through an emotional process. 

 

When you buy or sell, you may experience what we call the ‘buyer or seller paradigm’: Your motivation to buy or sell a home is met with unequaled emotions, causing you to think and act illogically.

 

Emotions tend to cloud your logical thinking.

 

As agents, it’s our job to get you to think logically so you can succeed in purchasing or selling a home. 

 

If you’re experiencing any issues with your mindset as you navigate the process, please reach out to us. It’s not uncommon to experience high emotions when undergoing the real estate process, but we’d like to help you get to the point where you can succeed without operating through an emotional fog. Give us a call or send us an email—we’ll be sure to help steer you in the right direction.

 

Posted in Real estate
Oct. 3, 2019

How Sellers Can Make Their Home Stand Out This Halloween

If you’re a seller, I have a great tip to share that will help make your home stand out this Halloween.

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation

 

Halloween will be here before you know it, which, as you know, means trick-or-treaters will be lining the streets and knocking at your door. If you’re a home seller and you want to make your home stand out during this time, I have a quick tip that will help tremendously: host your very own open, “haunted” house.

 

If you’d like to know more tips and tricks for making your house stand out this Halloween or you have any other real estate needs, don’t hesitate to reach out to me. I’d love to help you.

 

 

Posted in Uncategorized
Sept. 16, 2019

Why Taking Photos of your Home Now Is a Must If You’re Selling in 2020

If you plan on selling in 2020, take pictures of your home now before the fall weather kicks in.

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation

 

Now that we’re entering fall, it’s time to share an important tip to prepare your home for sale if you plan on waiting until next year to list. That tip is to take all the exterior photos of the home you can before the weather takes hold. Soon enough, the leaves will be dropping and the grass will turn yellow. If you take pictures now, you’ll have the best, most aesthetically pleasing photos of your home ready to go when you’re ready to sell.

 

If you’d like to know more about preparing your home for sale in 2020, don’t hesitate to reach out to me. I’d love to help you.

 

Posted in Real estate
Aug. 13, 2019

A Few Things to Know About Our Market

As we head into the fall market, we’re experiencing a bit of a lull. Here’s what’s going to cause activity to increase in the coming months.

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation

 

It’s August and that means we’re about to enter the fall market. August is one of the slowest months of the year in the real estate market, but a few things are going to happen very soon. First, market activity will increase. At the same time, we’re going to experience an off-year because of the upcoming election. This typically happens every four years. Whether you’re looking to buy or sell, I am happy to provide you with some insight about the market and what you should do as we head into the fall.

 

If you have any questions for me about the market or about real estate in general, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.

Posted in Market Update
July 30, 2019

What to Expect From the Fall Real Estate Market

As we head closer towards the fall in Chicago, the real estate market has slowed down. Here’s why you can expect it to pick back up soon.

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation

 

I have a quick market update for you as we head closer to fall here in Chicago. The people we’re working with right now are experiencing a bit of a slowdown at the end of the month, which is completely normal. Activity spikes in the spring and drops a little bit in late summer. However, the market is not dead yet. As we head into fall, the market will pick back up again. If you have any questions about the market in your neighborhood or about anything related to real estate, I’d love to be of assistance. Just give me a call or send me an email today.

Posted in Market Update
July 1, 2019

Just How Low Are Average Interest Rates Today?

Interest rates are incredibly low right now. How low? Let’s review the numbers.

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation

 

You’ve probably heard that interest rates are currently quite low, but do you know just how low they truly are? For starters, the average interest rate for 15-year fixed mortgages is just 3%. For 30-year mortgages, the current average interest rate is approximately 3.25%. And if you’re seeking a jumbo loan or home refinance, you’ll be happy to learn that both of these loan types come with very low rates, as well. All in all, this makes now a great time to make a move. If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

Posted in Real estate
June 20, 2019

A Positive Message About Our Market

I’m an eternal optimist when it comes to our real estate market. Here’s some good news for home sellers.

 

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation

 

An email was sent out recently for me by a third party that was kind of gloomy. However, I want you to know that I’m an eternal optimist and I have a strong, positive message for you today. I’m at Stonehaven Mortgage and interest rates have just dropped down again.

 


From now until July 15, the market is going to pick back up again.

 

If you’re looking to sell, you might be thinking things are a little slow for this time of year. However, if you look back on past trends, you’ll see that this time of year is typically slow because many families are busy focusing on their children’s transition from school to summer camp. From now until July 15, though, the market is going to pick up again.

 

If you want more specific information on what’s to come after July 15, don’t hesitate to reach out today. I look forward to hearing from you soon.

Posted in Real estate
April 15, 2019

The Spring Market Is Just Heating Up

The spring market is arriving later than usual this year, which means sellers haven’t yet missed the chance to earn a great deal for their listing.

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation

 

As a result of the long winter we just endured, our spring market has gotten off to a somewhat delayed start. This is great news for anyone thinking of selling, because the peak of our spring market is still yet to come. Better still, inventory remains low in our Chicago area so far this April. So if you’ve got a home to list, now is an ideal time to make a move—especially as low interest rates continue to motivate today’s buyers. If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

Posted in Market Update
April 11, 2019

The Lowdown on Our Current (and Future) Interest Rates

I’ve been getting a lot of feedback on the behavior of interest rates in the current market. Michael Wieczorek from Stonehaven Mortgage is here to help me discuss what’s going on.

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation

 

Lately, everyone has been asking me about interest rates: Are they going up? Are they going to go down? What can we expect from the future? Today, Michael Wieczorek from Stonehaven Mortgage joined me to share his expertise as we answer these questions for you.

 

On March 20, the Fed released an announcement saying that rates will not increase through the end of 2019. In fact, a number of people have forecast that rates may potentially drop again in the first quarter of 2020.

 

If this is the case, your buying power will increase; as a result, you’ll be able to get approved to buy more home and to secure a more affordable monthly payment. It looks like we’re in for a nice, long spring and summer market with a low cost of funds.

 

 

   On March 20, the Fed released an announcement saying that rates will not increase through the end of 2019.

 


Buyers have also asked whether it’s better to do a 30-year fixed or a 15-year fixed mortgage.

 

Mike says that a 15-year fixed mortgage is always beneficial if you can afford it comfortably both now and throughout the life of the loan. With a 15-year fixed, you’ll pay considerably less in interest on the home you buy, but make absolutely sure that you won’t be struggling month to month to maintain your payments.

 

This is not just great news for buyers, but sellers as well. As interest rates go down, home affordability and home prices go up, meaning that sellers will have more buyers to market their homes to and that they’ll get top dollar when they do sell.

 

If you’d like more information, stay tuned to my blog. We’ll continue to bring you the latest updates on the market. In the meantime, if you have specific questions, you can always reach out to us here at the Sohail Real Estate Group. We’re here to assist you.

 

Posted in Real estate
March 25, 2019

Why March 2019 Is Such a Great Month for Real Estate

The latest news from our market is here, and March is set to be an incredible month.

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation

 

March is a massively important month for our real estate market. Why? Well, this year, in particular, recent strange weather has led to a decrease in inventory below what’s typical for the season. Overall, though, our market is in great shape. But don’t assume that this will remain the case moving forward. If you’re thinking of buying or selling, now is the time to make a move. If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

Posted in Market Update