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Overview
WHY CHOOSE OUR TEAM?
- Market Knowledge
- We are experts with in depth, encyclopedic market knowledge of local areas. Our team will:
1 ) Educate you about the recent comparable sales to your home.
2 ) Help you understand the local market trends.
3 ) Analyze your potential competition.
4 ) Teach you the nuances of timing the market.
- Home Preparation
- Our team specializes in management of preparing your home for sale. We will remove all stress from the process:
1 ) Recommend the most essential updates and repairs that will maximize your home's value.
2 ) Obtain estimates from trusted vendors in our network (including staging).
3 ) Lay out a detailed schedule of all work to be done.
4 ) Coordinate and manage all vendors and pre-sale inspections.
- Marketing
- We offer the strategic marketing plan, designed to feature the highlights of your home and its neighborhood to encourage buyers to visit at open house, or via private showing with their agent. We will:
1 ) Market your home to reach the widest pool of buyers through targeted online campaigns and print advertising.
2 ) Present the finest quality printed adverstising about your home.
3 ) Provide the highest quality architectural photography, video, etc.
Seller Resources
2025 Housing Market Forecasts: What To Expect
Looking ahead to 2025, it's important to know what experts are projecting for the housing market. Whether you're thinking of buying or selling a home next year, having a clear picture of what they’re calling for can help you make the best possible decision for your homeownership plans. Here’s an early look at the most recent projections on mortgage rates, home sales, and prices for 2025. Mortgage Rates Are Projected To Come Down Slightly Mortgage rates play a significant role in the housing market. The forecasts for 2025 from Fannie Mae, the Mortgage Bankers Association (MBA), the National Association of Realtors (NAR), and Wells Fargo show an expected gradual decline in mortgage rates over the course of the next year (see chart below): Mortgage rates are projected to come down because continued easing of inflation and a slight rise in unemployment rates are key signs of a strong but slowing economy. And many experts believe these signs will encourage the Federal Reserve to lower the Federal Funds Rate, which tends to lead to lower mortgage rates. As Morgan Stanley says: “With the U.S. Federal Reserve widely expected to begin cutting its benchmark interest rate in 2024, mortgage rates could drop as well—at least slightly.” Expect More Homes To Sell The market will see an increase in both the supply of available homes on the market, as well as a rise in demand, as more buyers and sellers who have been sitting on the sidelines because of higher rates choose to make a move. That’s one big reason why experts are projecting an increase in home sales next year. According to Fannie Mae, MBA, and NAR, total home sales are forecast to climb slightly, with an average of about 5.4 million homes expected to sell in 2025 (see graph below): That would represent a modest uptick from the lower sales numbers in 2023 and 2024. For reference, about 4.8 million total homes were sold in 2023, and expectations are for around 4.5 million homes to sell this year. While slightly lower mortgage rates are not expected to bring a flood of buyers and sellers back to the market, they certainly will get more people moving. That means more homes available for sale – and competition among buyers who want to purchase them. Home Prices Will Go Up Moderately More buyers ready to jump into the market will put continued upward pressure on prices. Take a look at the latest price forecasts from 10 of the most trusted sources in real estate (see graph below): On average, experts forecast home prices will rise nationally by about 2.6% next year. But as you can see, there’s a range of opinions on how much prices will climb. Experts agree, however, that home prices will continue to increase moderately next year at a slower, more normal rate. But keep in mind, prices will always vary by local market. Understanding 2025 housing market forecasts can help you plan your next move. Whether you're buying or selling, staying informed about these trends will ensure you make the best decision possible. Let’s connect to discuss how these forecasts could impact your plans.
Saving for a Down Payment?
Buying a home can be a daunting task, especially when it comes to saving for a down payment. According to a survey by the National Association of Realtors (NAR) and Freddie Mac, a majority of Americans believe that saving for a down payment is the biggest obstacle to homeownership. In fact, 66% of renters reported that they believed saving for a down payment would be a difficult task. However, there are steps you can take to make saving for a down payment easier. First, set a goal and create a budget that prioritizes saving. Determine how much you need for a down payment and set a timeline. Then, begin to cut expenses where you can and consider ways to increase your income. Here’s the good news. Unless specified by your loan type or lender, it’s typically not required to put 20% down. This means you could be closer to your homebuying dream than you realize. According to NAR, the median down payment hasn’t been over 20% since 2005. In fact, the median down payment for all homebuyers today is only 14%. And it’s even lower for first-time homebuyers at just 6% (see graph below): Learn About Options That Can Help You Toward Your Goal It’s not just how much you need for your down payment that isn’t clear. There are also misconceptions about down payment assistance programs. For starters, many people believe there’s only assistance available for first-time homebuyers. While first-time buyers have many options to explore, repeat buyers have some, too. Another way to make saving for a down payment easier is to explore mortgage options. There are a variety of mortgage programs available that offer low down payment options. For example, an FHA loan only requires a 3.5% down payment, while a VA loan offers 0% down for eligible veterans and service members. Additionally, some lenders offer programs that provide down payment assistance. It's important to keep an eye on the housing market as well. A market update can provide valuable insight into whether it's a good time to buy or not. In general, it's a good idea to buy when the market is stable and interest rates are low. However, keep in mind that the housing market can be unpredictable, so it's important to work with a professional to make the best decisions for your specific situation. Overall, saving for a down payment may seem challenging, but it's definitely achievable with the right plan in place. By setting a goal, creating a budget, exploring mortgage options, and staying informed about the housing market, you'll be well on your way to achieving your dream of homeownership. Remember, a 20% down payment isn’t always required. If you want to purchase a home this year, let’s connect to start the conversation about your homebuying goals. Schedule a Zoom Meeting with Steve!📅 Want to stay updated? Join our VIP Email List!
Discover Sauganash Neighborhood
Learn why Sauganash is the perfect neighborhood for your next home. Explore its amenities, schools, and community atmosphere. Find out what makes Sauganash unique. Sauganash is known for its safe and secure environment. Experience a strong sense of community and belonging and the welcoming spirit of this neighborhood. Why Choose Sauganash Neighborhood? Sauganash neighborhood, located on the northwest side of Chicago, offers a multitude of benefits and advantages that make it an attractive place to live. From its safe and family-friendly environment to its excellent walkability score, top-rated schools, abundant amenities, and vibrant community, Sauganash has much to offer to its residents. Whether you're a young professional, a growing family, or a retiree, Sauganash provides a unique blend of convenience, comfort, and community spirit. Benefits of Living in the Sauganash Neighborhood Safe and Family-Friendly Environment One of the primary reasons why many people choose Sauganash as their home is its safe and family-friendly environment. The neighborhood boasts low crime rates and a strong sense of community. Residents can feel at ease knowing that their families are in a secure and welcoming area. Excellent Walkability Score Sauganash scores high on walkability, making it a desirable place for those who prefer pedestrian-friendly neighborhoods. With well-maintained sidewalks, tree-lined streets, and local amenities within walking distance, residents can enjoy the convenience of running errands, taking leisurely strolls, or walking their pets without relying heavily on vehicles. Top-rated Schools and Educational Institutions For families with children, Sauganash offers access to some of the best schools and educational institutions in Chicago. From prestigious public schools to highly regarded private academies, parents can rest assured that their children will receive a quality education in a supportive learning environment. Abundance of Amenities and Recreational Facilities Sauganash provides an abundance of amenities and recreational facilities to cater to the diverse needs and interests of its residents. The neighborhood features well-maintained parks, playgrounds, and sports fields where families can enjoy outdoor activities and socialize with neighbors. Additionally, residents can take advantage of nearby fitness centers, community centers, and recreational programs. Close Proximity to Downtown and Major Attractions Despite its serene and suburban feel, Sauganash benefits from its proximity to downtown Chicago and major attractions. Commuting to the city center is convenient, whether by public transportation or private vehicle. This close proximity allows residents to enjoy the vibrant city life while still being able to retreat to the peaceful ambiance of Sauganash at the end of the day. Vibrant Community and Neighborhood Associations Sauganash takes pride in its vibrant community and active neighborhood associations. Residents have the opportunity to engage with fellow community members through various events, clubs, and organizations. The neighborhood associations work tirelessly to enhance the quality of life in Sauganash, organizing community clean-ups, holiday celebrations, and social gatherings that foster a sense of belonging and camaraderie among residents. Real Estate Opportunities in Sauganash Diverse Housing Options Sauganash offers a diverse range of housing options to suit different lifestyles and preferences. From single-family homes with spacious yards to modern townhouses and condominiums, prospective residents have plenty of choices. The neighborhood's architectural charm is preserved through well-maintained historic properties, while newer developments provide modern amenities and features. Appreciating Property Values Investing in real estate in Sauganash can be a smart financial decision. The neighborhood has experienced steady appreciation in property values over the years. Homeowners can enjoy the benefits of a growing equity and potential returns on their investment. Whether you're looking for a forever home or a property to add to your portfolio, Sauganash offers favorable prospects. Accessible Home Prices Despite its desirability and attractive features, Sauganash maintains a reasonable range of home prices. Prospective buyers can find affordable options within the neighborhood, making it accessible to a wide range of budgets. The combination of accessible prices and the neighborhood's appealing qualities make Sauganash an ideal choice for first-time homebuyers and young families. Community Highlights and Events Sauganash Park, the neighborhood's crown jewel, offers a serene oasis for residents to enjoy nature's beauty. The park features well-manicured lawns, playgrounds, and picnic areas, providing the perfect setting for outdoor activities and relaxation. Additionally, nature trails wind through the neighborhood, allowing residents to take leisurely walks or bike rides while immersing themselves in the lush surroundings. Local Businesses and Shopping Centers Sauganash is home to a variety of local businesses and shopping centers that cater to the needs of its residents. From charming boutiques to convenient grocery stores and specialty shops, the neighborhood provides a range of options for everyday essentials and unique finds. Supporting local businesses not only contributes to the community's economy but also fosters a sense of community pride. Annual Festivals and Gatherings Throughout the year, Sauganash hosts annual festivals and gatherings that bring the community together. These events celebrate the neighborhood's culture, traditions, and diversity. Residents can enjoy live music, local cuisine, art exhibitions, and family-friendly activities, creating opportunities to connect with neighbors and forge lasting friendships. Sports and Recreation Opportunities For those with a passion for sports and recreation, Sauganash offers various opportunities to stay active and engage in favorite pastimes. The neighborhood boasts sports fields, tennis courts, and golf courses, allowing residents to pursue their athletic interests close to home. Whether you're a seasoned athlete or a beginner, Sauganash provides options for everyone to enjoy a healthy and active lifestyle. *credits to Andy Meyer for the photo Schedule a Zoom Meeting with Steve!📅 Want to stay updated? Join our VIP Email List!
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