Lyn Sims on the Schaumburg Area
Schaumburg IL Homes and Real Estate - Northwest Suburbs of Chicago
ARCHIVED BLOG POSTS
2013
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Illinois Rolls Out New Foreclosure Rules On February 22, 2013 the Illinois Supreme Court announced new rules establishing a uniform protocol when it comes to the foreclosure process. Among the rules outlined in the court's news release: Lenders must provide homeowners with information about the...
02/28/2013
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With a housing market that is gaining momentum, the importance of where mortgage rates are and where they will be heading becomes a significant factor. Currently the housing market has been healing with the help of stable mortgage rates which have been at or near historic lows. But are they reall...
02/27/2013
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Smell a sale? Came across a few interesting posts about 'scent selling' and how people purchase. It was valuable because it's not what most people think. All those cookie baking smells, vanilla, and Christmas smells are not really what make people buy. Researchers found that it's the simple s...
02/22/2013
Why don't Short Sales get marketed the same way as regular sellers? This has been a pet peeve of mine for the last few years with many nice Schaumburg short sales not being marketed even 10% of what they could or should be. Very nice homes are sitting on the market because of a few listing agent ...
02/20/2013
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Found this great video aptly named 'Sh*t Realtors Say'. You have to admit that Realtors have their own 'lingo' and there has been much said about our verbal transgressions with accuracy. Personally, I get a laugh out of some of this puffery that we see all around us every day. If you can't poke ...
02/17/2013
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Real Estate Market Update - Northwest Suburbs - January 2013 What a finish to 2012! Will the start to 2013 be just as interesting?This is the place to get those housing questions answered about the real estate market in the Northwest Suburbs! Our local inventory level (called absorption rate) has...
02/12/2013
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Unintended Consequences .... We know that many times one new rule made to benefit others has the opposite effect sometime in the future. It's seems to be a new 'law of the universe' over the last few years with mortgages, appraisals and this new real estate economy.A case in point for associatio...
02/11/2013
Bank of America is throwing someone with pancreatic cancer out on the street! They've denied loan modifications even with the assistance of a HUD counselor. They are now going forward & process foreclosure on this family even though one family member is seriously ill. All the paperwork has been ...
02/08/2013
Schaumburg IL Real Estate - Are prices increasing? Schaumburg homes are selling at a better pace and at better prices. Based on the monthly numbers that I will show you, our housing prices in IL are flat in spite of the media reports to the contrary. Schaumburg home prices have increased over 201...
02/05/2013
Wealth re-distribution and what's happening right here in your own back yard ..... Ever take a moment to really think what has happened in recent years in the real estate market? The market that you live in, drive to work everyday through, the place that your kids call home. There has been a mass...
02/04/2013
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Lyn Sims offers market observations, housing industry updates and real estate news about the surrounding communities near Schaumburg IL in the Chicago Northwest Suburbs.