The uber-luxury market had a record year in 2018, with 73 homes selling for at least $4 million in the Chicago area, according to Crain’s Chicago Business. Among the factors driving these sales were high-end new construction and strong stock market performance through the third quarter of ’18.
Chicagoland home prices were up a moderate 3.2% in 2018. But @properties identified a number of neighborhoods and towns that outperformed the market. One of those towns is Elmhurst, a western suburb where the average sales price was up 5.6% and median price was up 6.5% year over year.
Meet Robin Phelps-Hanson and Amber Kardosh, the two powerhouses behind The Phelps-Hanson Kardosh Group. Both successful in their own right, this ambitious duo made the decision to partner-up once realizing their shared passion for client success; the two have been a match made in real estate heaven ever since.
Susan Brown Burklin is an authentic and knowledgable North Shore real estate professional who’s commitment to making things right shines through in much more than just her sales. Take one look at Susan’s smiling family or friendships with colleagues and it is immediately clear just how much love and care she genuinely puts into each of her relationships.
Step into this mother, wife, and dog-lover’s world to reveal all about Susan’s real estate journey and the friends who have helped her along the way, plus much more in this week’s Agent Spotlight.
Robert Casorio has made a splash in the North Shore real estate market, and his waves don’t seem to be stopping anytime soon. Throughout his eight years as a real estate broker, Robert has seamlessly combined his expansive residential and commercial finance knowledge with a passion for harboring lifelong relationships to create the perfect balance for his clients.
Read all about Robert’s journey and the mentors who’ve helped guide him along the way, as well as his own advice to future realtors in this week’s Agent Spotlight.
Taxes may be the last thing on your mind as you advance through the homebuying process. Yet, there are important tax considerations that need to be worked out before you get to the closing table. One of those considerations is property tax proration.
Property tax proration is a way to split property taxes fairly to ensure that each side is paying for the specific time that they were owners of the property. Since Illinois property taxes are paid in arrears, tax proration ensures that the buyer is fairly compensated for the tax bills they will receive after the closing, for the period in time in which the seller still owned the property.
Your real estate broker can help you better understand what tax proration is, how it works, and how it is calculated. Once you have a home under contract, your real estate attorney will work with the seller’s attorney to determine the exact amount due to you during the attorney review process.
From money-saving gadgets to devices that provide an extra level of security, it’s easy to see why smart-home technology is becoming more and more popular. In fact, it can even increase the appeal of your home to potential buyers should you plan to sell.