Cost segregation fo rInvestors an Tax Avoidance - 10/30/07 09:38 PM
 
 
 
 Cost segregation is a tax strategy investors can use to reduce their tax liabilities by identifying hidden tax deductions that result in thousands of dollars in tax savings. Because cost segregation isn’t commonly utilized by CPAs, many investment property owners end up overpaying in taxes.Cost segregation breaks out certain non-structural components of a building and allocates shorter life classes to those components depreciating them at an accelerated rate.  This means more tax deductions are available in the earlier years of a restaurant.How does it work?For tax purposes, the standard class life for most non-residential buildings is 39 years. However, certain non-structural … (2 comments)

Dupage County Two - Four Unit Properties Time on Market - 10/30/07 09:00 PM
 Dupage County two to four unit dwellings income property:
 
  
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California Wildfire Relief Donation - 10/30/07 08:48 PM
 
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245 Main St. Roselle, IL Development Site - 10/30/07 08:08 PM
  
This property is zoned B-3 in the Village of Roselle, IL which permits residential development  as long as first floor is used as commercial. The condo development seen here in the distance has a market range of $210,000 to $300,000. Across the street to the right is the metro-rail commuter to Chicago. See Roselle blog for other uses and information.
 
 
 
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Willowbrook, IL Currently Available Homes on Market by Price and Time on Market - 10/29/07 08:19 PM
The table below lists all of the currently active single family detached and single family attached homes in Willowbrook, IL. The information is broken into price ranges with average time on market for that range. Included are the high, low, median and average prices.
For detailed information on a property type within a price range, including virtual tour when available, contact me with physical characteristic requirements.
 
 
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Arlingotn Heights, Illinois - Available homes Currently for Sale by Price and Time on Market - 10/29/07 02:50 PM
The table below lists all of the currently active single family detached and single family attached homes in Arlington Heights, IL. The information is broken into price ranges with average time on market for that range. Included are the high, low, median and average prices.
For detailed information on a property type within a price range, including virtual tour when available, contact me with physical characteristic requirements.
  
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Glen Ellyn, Illinois - Currently Available Homes for Sale by Price and Time on Market - 10/28/07 08:42 AM
  The table below lists all of the currently active single family detached and single family attached homes in Glen Ellyn, IL. The information is broken into price ranges with average time on market for that range. Included are the high, low, median and average prices.
For detailed information on a property type within a price range, including virtual tour when available, contact me with physical characteristic requirements.
 
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Addison, Illinois 1610 Jo Ann - 10/26/07 11:37 AM
 This immaculate home is minutes from Chicago and all of its attractions. A short walk takes you to the park, Marcus Imax theater, Dining and Recreation Center.
Priced under $390,000 makes this 4 bedroom, 2.5 baths with basement a real bargain. This like new home has all new windows, HVAC system, siding, driveway and built-in entertainment center in Family Room and new kitchen from top to bottom. 

                                                           

                                                           

                                                            
 David Spencer, Broker
My Blog 
daspencer@kw.com 
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Illinois Median Sale Price, September, 2007 - 10/24/07 07:32 PM
 
 Illinois Median Sale Price Up 0.8 Percent to $200,000 in September; Home Sales Down from a Year Ago“Consumer sentiment and the degree of optimism they express in terms of their behavior in the market over the next few months will determine the length of the housing market slump,” says Dr. Geoffrey Hewings, director of the Regional Economics Applications Laboratory (REAL) of the University of Illinois in a forecast prepared for the Illinois Association of REALTORS (IAR). While home prices in Illinois reported positive growth in September, sales reflected lingering effects from tightening credit issues experienced earlier in the year.
 
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Illinois Sales Staistics Through August 2007 - 10/22/07 08:46 PM
 
Illinois Median Sale Price Up 1.2 Percent to $212,500 in August; Sales Down Compared to Last YearThe Illinois median home sale price held strong in August while sales are lower than last year at this time. According to the Illinois Association of REALTORS latest report, the Illinois median home sale price in August was $212,500, up 1.2 percent from $210,000 in August 2006. The median is a typical market price where half the homes sold for more, half sold for less. The statewide average home sale price in August was $275,612, up 2.6 percent from $268,709 a year ago. There were … (0 comments)

Chicago River North (Neaqr North Side) Currently Available Homes by Price and Time on Market - 10/22/07 08:14 PM
 
The table below lists all of the currently active single family detached and single family attached homes in Chicao's Near North Side (River North), IL. The information is broken into price ranges with average time on market for that range. Included are the high, low, median and average prices.
For detailed information on a property type within a price range, including virtual tour when available, contact me with physical characteristic requirements.
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Burr Ridge, Illijnois Currently Available ahomes by Price and Time on Market - 10/22/07 07:45 PM
The table below lists all of the currently active single family detached and single family attached homes in Burr Ridge, IL. The information is broken into price ranges with average time on market for that range. Included are the high, low, median and average prices.
For detailed information on a property type within a price range, including virtual tour when available, contact me with physical characteristic requirements.
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Why Isn't It Selling, I Have Spent Tons on Advertising - 10/18/07 10:11 PM
 There are many reason why a property doesn't sell. We know the drill: Every property swells at the right price. However, sometimes that price can be manipulated:
- St. Joseph may solve the problem ( see my blog on  St. Joseph).
 - Home staging could be the answer
Traditional methods may not be appropriate in todays market place. So look to all of the alternatives. 
 
 
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Why Isn't It Selling, I Have Spent Tons on Advertising - 10/18/07 09:42 PM
 There are many reason why a property doesn't sell. We know the drill: Every property swells at the right price. However, sometimes that price can be manipulated:
- St. Joseph may solve the problem ( see my blog on  St. Joseph).
 - Home staging could be the answer
Traditional methods may not be appropriate in todays market place. So look to all of the alternatives. 
 
 
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Elgin, Illinois - Currently available Homes by Price and Time on Market - 10/18/07 09:21 PM
 
The table below lists all of the currently active single family detached and single family attached homes in Elgin, IL. The information is broken into price ranges with average time on market for that range. Included are the high, low, median and average prices.
For detailed information on a property type within a price range, including virtual tour when available, contact me with physical characteristic requirements.
  
 
 
 
 
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If its Not Selling, Where is Your Statue of St. Joseph - 10/18/07 08:27 PM
 
 Real estate agents who have been around awhile know certain things can not be discounted when it comes to getting the listing sold.
If it isn't getting the exposure you expected, where is the statue of St. Joseph?  
                             I have been doing this business since 1965, and I have learned not to ask questions about things that work, such as statues of St. Joseph. It is not required for the agent or seller to be a believer, but acceptance of the results is necessary.
Why do Atheists believe in God when ducked down in a foxhole, insurance.
There are many different … (5 comments)

Streamwood, Illinois Currently Available Properties by Price and Time on Market - 10/17/07 07:45 PM
 
The table below lists all of the currently active single family detached and single family attached homes in Streamwood, IL. The information is broken into price ranges with average time on market for that range. Included are the high, low, median and average prices.
For detailed information on a property type within a price range, including virtual tour when available, contact me with physical characteristic requirements.
 
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Dollar Store Available for Sale - 10/17/07 07:36 PM
Looking for a Dollar Store Buyer:
1. Non franchise
2. Large store, excess of 7,500 square feet.
3. Major market, suburban Chicago Metro
4. Owner expanding and needs cash from this operation to make a major expansion.
Contact:
David Spence3r, Broker 
My Blog 
 
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Opportunities in a Down Market - 10/17/07 07:22 PM
    HEY  YOU! YEAH YOU!
MY BOYS INFORM ME THAT YOUSE HAVE BEEN REPORTING THE DEATH OF THE MARKET. WE WILL BE TAKING NAMES OF THOSE REPORTING THIS PHENOMINA.
Business is doing well here, not so well for the property owner, all things considered. The object of the real estate agent is to create a market just like a New York Stock Exchange facilitator. At present there are opportunities for investors, lenders and owners to take advantage of current incentives.
These down turns are not new and many participants have profited from these circumstances in the past. Stop crying about spilt milk and jump … (1 comments)

Basc Elements for a 1031 Exchange - 10/16/07 07:58 PM
The basic elements for an exchange to take place are as follows:
1. There must be real estate transferred and real estate received.
2. There must be an exchange of properties not a sale and purchase.
3. Both the property transferred and the property received must be held for "productive use in a trade or business or for investment (second homes occupied for a certain time each year does not qualify).
4. Transfer of property other than real estate does not qualify as like kind.
5. No boot - For the transaction to be entirely tax free, the property received must be exchanged solely for like … (5 comments)

Schaumburg, IL Currently Available Homes by Price Range and Time on Market - 10/16/07 07:32 PM
 
The table below lists all of the currently active single family detached and single family attached homes in Schaumburg, IL. The information is broken into price ranges with average time on market for that range. Included are the high, low, median and average prices.
For detailed information on a property type within a price range, including virtual tour when available, contact me with physical characteristic requirements.
David A. Spencer, Broker and Licensed Instructor
My Blog
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50 acres, Florence, AZ - 10/12/07 10:13 PM
Do you have an interest in the development of 50 acres of residential vacant land between Phoenix and Tucson, AZ.,will divide. Discount on multiple lotsw are available.
Near a Greek Orthodox Monastery, St. Anthony. Individual lots of 0.75 acres plus are available.
Contact: David Spencer
             da-spencer@att.net; 630-750-4255 
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Addison, Illinois - Available homes Currently for Sale by Price and Time on Market - 10/04/07 05:04 PM
 
 
The table below lists all of the currently active single family detached and single family attached homes in Addison, IL. The information is broken into price ranges with average time on market for that range. Included are the high, low, median and average prices.
For detailed information on a property type within a price range, including virtual tour when available, contact me with physical characteristic requirements.
 
 
 
 
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Roselle, IL Retail/ Office building - Sale or Lease - 10/01/07 08:45 PM
 
                                                                           245 Main St., Roselle, IL
   
    
  
                                                          
                                                                 
4,140 sq. ft. Office/Retail plus basement and greenhouse (or expansion space), Zoned B-3Off street parking for 12Location central business district; 3 blocks to Metra stationSale: $599,900 ; Lease: $14.00 per sq. ft. net                                                       

 Current occupant is a floral shop, antiques and consignment shop in place for 30 years. Business may be purchased and moved or lease current location.
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Rolling Meadows, IL Available Homes on Market by Price and Time on Market - 10/01/07 08:21 PM
The table below lists all of the currently active single family detached and single family attached homes in Rolling Meadows, IL. The information is broken into price ranges with average time on market for that range. Included are the high, low, median and average prices.
For detailed information on a property type within a price range, including virtual tour when available, contact me with physical characteristic requirements.
 
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Kw52440707 Rainmaker_large

David Spencer Chicago Area Commercial-Residential R.E.

Bloomingdale, IL

More about me…

Keller Williams Team Realty

Address: 800 E Northwest Highway, Suite 200, Palatine, IL, 60074

Office Phone: (847) 241-2200

Cell Phone: (630) 750-4255

Email Me

Real estate topics on better business performance, education, advanced techniques for selling/buying residential, commercial and investment real estate; 1031 tax deferred exchange, licensing; anecdotes and stories to ponder.


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