Finding the perfect home when you have school-aged students can be extremely frustrating. How many times have you found the house of your dreams just to discover that it’s one block outside of your preferred school’s boundary? Too many.
Luckily for you, on atproperties.com, you can use our advance search functions to search by school!
By Jen Furlong, @properties broker
Buying a condo isn’t quite like buying a single-family home. While individual homeowners are typically responsible for the entirety of a home’s maintenance and repairs upon purchase, condo owners delegate part of this responsibility to a Homeowners Association (HOA), thus incurring a monthly cost known as an ‘HOA fee’ or ‘monthly assessment.’
For-sale new construction is back – and it’s in high demand. The rebound comes with an improving economy, low supply of existing homes, and buyers’ thirst for contemporary floor plans, upscale amenities and custom finishes. At @properties, we’ve been keeping a close eye on the new construction market, and the outlook is increasingly positive.
Despite a slow start, 2014 is proving to be an eventful year for housing. Here at @properties, we’ve been keeping a close watch on local market conditions, and all signs point to a very busy second half of the year. Let’s take a closer look at some first half highlights and what to expect this summer and fall:
Crain’s Chicago Business reporter Dennis Rodkin writes that Old Irving Park is emerging as a “new hot spot for homebuilders” as residential construction and renovation activity picks up steam in the neighborhood. Rodkin reports that at least a dozen homes are under construction or in the process of being rehabbed in the area, including the home of Ted Squires and Ranya Verson. Squires and Verson’s broker, @properties’ own Derek Disera, weighs in on the flurry of activity he’s seeing in the area. Click here to read the article.
In the real estate business, time is money. That’s why @properties keeps a close eye on two important performance measures: Days on Market (DOM) and Selling-Price-to-Original-
DOM is the market time between a home’s listing date and the day it goes under contract, while SP/OLP is the percentage of the original asking price (i.e. prior to any price reductions) at which the home sold.
@properties ranks #1 among the top brokerage firms in Chicagoland in both of these categories.