Top 10 Ways to Make Home Buyers Hate your House - Lyn Sims (847)230-7324 RE/MAX Suburban - 04/24/08 03:31 PM
Selling a Home?  Avoid these Common Home Buyer Turnoffs
Are you selling your home? Did you know that even though buyers are looking for something different, the majority of them will turn around and walk back out the door if they notice one or more of these ‘Top 10 Problems'.
1.      Odors
House odors are number one on the home selling uh-oh list.  And narrowing it down, odors from cigarette smoke and pets take top billing, with mildew not far behind.  If you smoke indoors - the house smells like cigarettes.  If you have pets, the house might smell bad … (8 comments)

I've got Homes under $229,900 in Schaumburg! Lyn Sims (847)230-7324 RE/MAX Suburban - 04/21/08 02:17 PM
3 Great home selections under $229,900 in Schaumburg!    With a little work - get yourself into a great School District and great area!
I also have lots of "deals" in Townhomes too!  Email me & I will send you the listings that I have available!
DON'T PASS UP SOME OF THESE GREAT OPPORTUNITIES!

 
Lyn Sims at RE/MAX Suburban (847)230-7324
Email Lyn at:  LynSims@remax.net
 
Lyn's Home Search Website with lots of great Buyer and Seller info!   www.LynSims.net
 
 
… (0 comments)

Northwest Chicago Suburbs Market Outlook! - 04/21/08 12:32 PM
TODAY'S MARKET OUTLOOK! Northwest Chicago Suburbs, Schaumburg IL Areas
EVERY REAL ESTATE MARKET IS LOCAL.  ASK A SEASONED REALTOR, LIKE LYN SIMS, WHAT'S GOING ON LOCALLY!
This time may be your "best opportunity" market in years!  Mortgage interest rates are low and prices in Northwest Illinois are still holding fairly well, generally area prices are flat.  The median price home sale in Illinois is actually UP at $198,768*.  The Chicago Median Price for a home is $264,271* which is also UP.  NOT EVERYWHERE IN EVERY NEIGHBORHOOD ARE PRICES FALLING.  That's why I'm saying the real estate market is local - it even makes a … (2 comments)

How an agent can help you .... - 04/19/08 05:27 PM
If you are currently in the market for your first home, you may be interested in how a real estate agent can help you.  You are about to make a great investment of both money and time.  I have a wealth of experience helping first time buyers, like you, make sound and informed decisions. Did you also know that we don't cost you a thing?  That's right - zip, nada, zilch!
 
Here are some ways that a real estate professional can help you:
Agents can help establish a plan for a home that fits your needs. Style, size, amenities, and other preferences will … (0 comments)

Curious about Closing Costs? Advice from Lyn Sims at (847)230-7324 RE/MAX Suburban - 04/15/08 02:40 PM
Common Closing Costs for Buyers - Lyn Sims (847)230-7324 RE/MAX Suburban
You'll likely be responsible for a variety of fees and expenses that you and the seller will have to pay at the time of closing. Your lender must provide a good-faith estimate of all settlement costs. The title company conducting the closing will tell you the required amount for:
Down payment Loan origination Points, or loan discount fees, which you pay to receive a lower interest rate Appraisal Credit report Private mortgage insurance premium Insurance escrow for homeowner's insurance, if being paid as part of your mortgage payment Property tax escrow … (0 comments)

Why now is a smart time to buy in Itasca! Lyn Sims (847)230-7324 RE/MAX Suburban - 04/14/08 10:52 AM
Now is a great time to buy a home, say the financial gurus at the Wall Street Journal.The Journal calls it a buyers market and offers these suggestions for first-timers getting their feet wet. While their advice is solid, it's not revolutionary, but some potential customers might find it reassuring.Remember this is a place to live not a stock market investment, they say. Lenders want buyers to spend no more than 28 percent of their gross monthly income on mortgage payments, real estate taxes, and home insurance. Buyers shouldn't count on stretching further because lenders won't approve their loans.
Cash is … (0 comments)

What's up with homes in Medinah? Lyn Sims (847)230-7324 RE/MAX Suburban - 04/14/08 10:29 AM
Now is a great time to buy a home, say the financial gurus at the Wall Street Journal.The Journal calls it a buyers market and offers these suggestions for first-timers getting their feet wet. While their advice is solid, it's not revolutionary, but some potential customers might find it reassuring.Remember this is a place to live not a stock market investment, they say. Lenders want buyers to spend no more than 28 percent of their gross monthly income on mortgage payments, real estate taxes, and home insurance. Buyers shouldn't count on stretching further because lenders won't approve their loans.
Cash is … (0 comments)

Why now is a smart time to buy in Elk Grove Village! Lyn Sims (847)230-7324 RE/MAX Suburban - 04/14/08 09:14 AM
Now is a great time to buy a home, say the financial gurus at the Wall Street Journal.The Journal calls it a buyers market and offers these suggestions for first-timers getting their feet wet. While their advice is solid, it's not revolutionary, but some potential customers might find it reassuring.Remember this is a place to live not a stock market investment, they say. Lenders want buyers to spend no more than 28 percent of their gross monthly income on mortgage payments, real estate taxes, and home insurance. Buyers shouldn't count on stretching further because lenders won't approve their loans.
Cash is … (0 comments)

You've got to sell your home - so now what??? Northwest Suburban Schaumburg Area Homes, Lyn Sims (847)230-7324 - 04/10/08 03:24 PM
Selling Your Home
Sometimes, life just hands us the inevitable: just when everything seems right with your home, something happens and you have to sell it!  It could be that unbelievable job opportunity that you just can't pass up OR twins or triplets!
No matter what your reasons are for selling, remember that now is no time to dawdle, the process of preparing a home for sale can take a month or more.  You've got work to do!  So, here's how to start:
 
1. Take a Fresh Look at Your Home
Your home looks great to you, but a buyer wants to see it since … (0 comments)

Short Sale Statistics - Lenders are giving themselves another black eye! - 04/07/08 03:16 PM
This is a short reprint of an article submitted to me from a short sale attorney in my area.  Check out the statistics - it's unbelievable!
Short Sale Statistics:   I recently became aware that in 2007 the lenders accepted approximately 43% of the short sales submitted.  This was based on a test market of 500 short sales.  In this test, the 285 REJECTIONS were NOT purchased by 3rd parties at the sherriff's sale.  They all became REO's.  Fifty of the 285 are still for sale and the other 235 were sold for purchase prices BELOW the previous short sale offers that were … (21 comments)

TODAY'S MARKET OUTLOOK! Northwest Chicago Suburbs, Schaumburg IL - 04/04/08 03:34 PM
EVERY REAL ESTATE MARKET IS LOCAL.  ASK A SEASONED REALTOR, LIKE LYN SIMS, WHAT'S GOING ON LOCALLY!
This time may be your "best opportunity" market in years!  Mortgage interest rates are low and prices in Northwest Illinois are still holding fairly well, generally area prices are flat.  The median price home sale in Illinois is actually UP at $198,768*.  The Chicago Median Price for a home is $264,271* which is also UP.  NOT EVERYWHERE IN EVERY NEIGHBORHOOD ARE PRICES FALLING.  That's why I'm saying the real estate market is local - it even makes a difference from subdivsion to subdivision in every single town!  But, … (0 comments)

New Homes for Sale - Schaumburg and Hoffman Estates IL - Lyn Sims (847)230-7324 RE/MAX Suburban - 04/04/08 02:25 PM
Northwest Suburban Chicago Real Estate - New Construction, Proposed Construction, Tear-downs, etc.

This is a listing of the new construction and/or teardowns available in the Schaumburg & Hoffman Estates areas.  Prices range from $350,000 (base price without upgrades) to $2,495,000 for proposed custom construction.  Median List Price is $679,000 and the average days on the market shouldn't concern you as some of these listing dates are the "proposed construction start dates" including building times.
 
Some new Hoffman Estates communities offer over 55+ living with no exterior maintenance. Some ranches are available as well as some well-sized 2story models.
If you … (2 comments)

The Buyer jumped thru hoops and the rest of the circus story! - 04/03/08 11:08 AM
Everyone knows that loans are getting tougher to get, higher credit reports are needed and the strings just keep getting pulled tighter and tigher. But yesterday's closing (praise the lord) was UNBELIEVABLE and a sign of the current lender times.
Situation & Background:   Townhouse, needs alot of updating work so we priced it below market $35,000. That's some kitchen & baths for the $35,000 so we begin marketing the house & didn't get any buyers til around the 90 day mark. Then the squirels came out of the woodwork almost at once!  We finally accepted an FHA offer on the home, went thru … (4 comments)

 
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Lyn Sims - Schaumburg Homes

Schaumburg, IL

More about me…

Schaumburg Real Estate - Northwest Suburbs - RE/MAX Suburban

Address: Schaumburg | Hoffman Estates | Elk Grove Village | and Roselle, IL in the Northwest Suburbs of Chicago

Office Phone: (847) 230-7324

Cell Phone: (847) 230-7404

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Market comments, updates and news about the surrounding communities of Schaumburg, Hoffman Estates, Elk Grove Village, Roselle, Bloomingdale, Bartlett, Streamwood, and Hanover Park in the Chicago Northwest Suburbs.



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