Today I finished my 2-day Accredited Buyer Representative (ABR) Class. Our class of around 40 REALTORS® discussed a lot of legal and ethical issues. The biggest discussion was this morning when we discussed how to ethically handle a situation where you have 2 different clients who both want to make offers on the same property. […]
Not Every Sales Contract Makes it to Closing
I had a listing go back on the market this week. Just Sunday I wrote, “Home Buying/Selling From Contract to Closing“, and referenced a Chicago Tribune article that said 1 out of 10 real estate sales contracts don’t make it to closing. I think the number is at least that high. In this case, the […]
Chicago and Suburban Buyer Property Transfer Taxes
Trying to decide whether to buy a home in the city of Chicago or in a suburb? One fact that tips the scales slightly in favor of the suburbs is the city of Chicago’s real estate transfer tax for buyers. Buyers in the city must pay $7.50 per $1000 paid. That means buyers of a […]
Home Buying/Selling From Contract to Closing
Today’s Chicago Tribune has a good article by Lew Sichelman on the home buying/selling process from signed sales contract to the closing. “Buying a house is a risk-filled road to final sale” is a good overview of all the steps that must be completed to actually close on a home sale. Since real estate laws […]
2005 3 Bedroom House Average Sale Prices – Park Ridge out to Barrington
Below is a data map of 2005 average sale prices for 3 bedroom houses in Park Ridge, Des Plaines, Mount Prospect, Arlington Heights, Palatine, and the Barrington area. The darker the green, the higher the price. Park Ridge had the highest average sale price of the group at $501,893. Neighboring Des Plaines has the lowest […]
