Archive for 'Sweet Home Chicago' Category

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Sweet Home Chicago: Foreclosures 101

1 November 2006

By Jennifer Lane
Lately, I’ve been contacted frequently by buyers interested in purchasing foreclosed properties. I believe the surge in interest is due to headlines boasting the increase of foreclosures. However, these articles are typically relaying national statistics. Buying foreclosed property in the city of Chicago is a rare opportunity as foreclosures are more […]

Is There A Housing Bubble In Chicago?

11 October 2006

By Jennifer Lane
I am asked daily if there is a bubble in Chicago and when it’s expected to burst. Simply said, there is NOT a bubble in Chicago. The entire city of Chicago, comprised of 77 different neighborhoods, has not experienced a 30-40% increase in home values in a short period of time (6 months-2 […]

Understanding The Chicago Hotel Condo Market

4 October 2006

By Jennifer Lane
I’ve been asked a lot lately about the hotel/condo concept that has been flourishing in Chicago.  What is it and how does it work?
1. What is a hotel/condo?  It’s a unit owned by many buyers, used by the owner minimally, and rented to visitors just like a hotel.  It is available for rent […]

Sweet Home Chicago: 6 Selling Myths

6 September 2006

By Jennifer Lane
Myth 1: You should always price your home high and anticipate negotiating down.
Truth: Pricing too high can be as detrimental as pricing too low.  If you list too high, you will miss buyers searching in and making offers on homes in the price range you should be.  Frankly, offers may not come in […]

Sweet Home Chicago: Wants vs. Needs

30 August 2006

By Jennifer Lane
I’ve talked a bit about your wants vs. needs in several articles. Someone asked me, “What do you mean by wants vs. needs?”
It’s really quite simple. If you are financially ready and have made the decision to buy no matter what, then your wants can change and may be altered depending on how […]

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