lyn sims: Elk Grove Village Real Estate Market in a Minute - Jan. 2021 - 02/05/21 01:22 PM
 
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lyn sims: Hoffman Estates Real Estate Market Report - Jan. 2021 - 02/05/21 01:10 PM
 
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lyn sims: Hoffman Estates Real Estate Market in a Minute - Dec. 2020 - 01/04/21 06:06 AM
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lyn sims: Schaumburg Real Estate Report - December 2020 - 01/02/21 04:04 PM
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lyn sims: Elk Grove Village Real Estate Market in a Minute - Nov. 2020 - 12/06/20 11:54 AM
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lyn sims: Hoffman Estates Real Estate Market in a Minute - Nov. 2020 - 12/06/20 11:44 AM
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lyn sims: Hoffman Estates Housing Market in a Minute July 2020 - 08/15/20 02:48 PM
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lyn sims: Schaumburg Real Estate Market in a Minute - July 2020 - 08/14/20 04:15 PM
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lyn sims: Hoffman Estates Real Estate Market in a Minute June 2020 - 07/12/20 02:42 PM

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lyn sims: Schaumburg Real Estate Market in a Minute June 2020 - 07/12/20 12:54 PM

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lyn sims: Northwest Suburbs Real Estate Market Update - June 2014 - 07/11/14 01:11 AM
Real Estate Market Update - Northwest Suburbs - June 2014 This is the place to get those Northwest Suburban real estate questions answered!
Our Northwest Suburban inventory level has increased moderately in June. This would be worrisome but homes are going under contract so no concerns over a short glut in inventory. So much for the 'spring' market! Price your Northwest Suburban home well, make sure it shines with staging and you will be rewarded with an offer.
What about Prices? Prices have increased from May and increased overall from 2013. All real estate is local so each different neighborhood and town is reacting differently to the … (7 comments)

lyn sims: Northwest Suburbs Real Estate - 2013 Update - 01/08/14 03:34 AM
Real Estate Market Update - Northwest Suburbs - December 2013 What a finish to 2013! This is the place to get those housing questions answered about the current real estate market in the Northwest Suburbs!
I'd like to report that 2013 sales have been up in our area in both housing types. The market improved consistently each and every month. 
Our local inventory level has continued to decrease and ended at overall low levels. With our inventory level near 2-4 months this should be considered a sellers market.  With these levels, buyers should be knocking each other down in the driveway to get into … (1 comments)

lyn sims: What's the price of real estate experience? - 09/24/13 05:09 AM
Can you put a price on real estate experience? Veteran real-estate agents vastly outsell their rookie counterparts, according to one study recently published in the Wall Street Journal.  
But by how much?  According to the study it's about $25,000 for the average house.
"Veteran agents sell homes for an average of 12% more ($200,000 = $24,000) than their less experienced counterparts," says Bennie Waller, professor of finance and real estate at Longwood University in Farmville, VA who completed the study.
"The more experience you have, the more likely you are to sell the properties that you list, the more likely you … (16 comments)

lyn sims: Home Seller Closing Costs - Schaumburg Homes - Lyn Sims (847)230-7324 RE/MAX Suburban - 06/22/12 04:03 AM
Home Seller Closing Costs
There are more closing costs in the average real estate transaction than just the Realtors© commission!  Here are a few examples of standard closing costs (updated 6/13/19) in our Northwest Suburban Illinois area ~

Survey - Sellers in Illinois are responsible for giving the buyer a plat of survey of the property. The price for a plat of survey can range from $500 to $800.  In our area it cannot be older than 6 months.  Usually with townhomes or duplexes where you own the land this would apply also.
Recorded release of mortgage - Verifies that your mortgage has been completely … (11 comments)

lyn sims: Northwest Suburban Real Estate Market Report - May 2012 - 06/10/12 01:34 AM
Real Estate Market Update - Northwest Suburbs - May 2012 You might find this report interesting if: 1)  You are thinking of selling your home in the Northwest Suburbs and want to see what's really up with our market. 2)  You don't know what to believe because there are conflicting reports constantly in the media. 3)  You're a future buyer that's looking to get a feel for purchasing a larger home in the area but you're not sure what to expect. So let's start with those nagging questions you might have. What is going on with our real estate market? 
I'd … (2 comments)

lyn sims: BUYING A HOME? I Can Help Buyers Make a Smart Decision! - 05/28/12 06:59 AM
BUYING A HOME SOON? You want to find the best home or property for your needs and to make the wisest investment possible. Lyn Sims understands the importance of this major purchase to you and has the essential knowledge to ensure your buying experience is a smooth and successful one!
Here's some great reasons why Lyn Sims can help:
Determine your buying power and criteria. Research available properties in your market via many resources such as the Multiple Listing Service (MLS) and a broad network of REALTORS - even if you are locating to another city. WE HAVE ALL THE PROPERTIES LISTED … (1 comments)

lyn sims: Northwest Suburban Real Estate Market Report - April 2012 - 05/18/12 01:45 AM
Real Estate Market Update - Northwest Suburbs - April 2012 Read this report if: 1)  You are thinking of selling your Northwest Suburban home and want to see what's really up with our market. 2)  You don't know what to believe because there are conflicting reports constantly in the media. 3)  You're a future buyer that's beginning to get a feel for purchasing a larger home in the area but you're not sure what to expect. 4)  You think your neighbor is lying when he tells you it will take at least a year to sell your home. 5)  Your convinced your … (1 comments)

lyn sims: Rent vs. Buy - Do what's Economically Smart! - 05/02/12 02:59 AM
Why buying a home is just economically smart! Notice that rentals are getting harder and harder to find? Notice that rents are increasing every year? And according to the housing statistics that I can see the forecast is going to get worse for the renting population!  This year I have heard the same stories from calls on my CraigsList ads that rentals are hard to find in our Northwest Suburban area of Chicago. Then, if you do finally find a rental, the rent is outrageous for the condition of the place!   Scarcity and slim pickens might make you think of … (4 comments)

lyn sims: Northwest Suburban Real Estate Market Report - March 2012 - 04/10/12 11:00 PM
Real Estate Market Update - Northwest Suburbs - March 2012 Interest rates are low and housing affordability has been the best in decades and yes, the market is getting better! How much, where and all the particulars is what I'll be telling you! 
The graphs below show that sales have been up for most towns in our area in both housing styles.  Just within my office our showing appointments have increased a whopping 60%.
Another good indication that the market is improving is the number of homes that go under contract each month. Currently we are between 10 to 25%. This … (4 comments)

lyn sims: I'm sorry to inform you the 'Spring Market' has been called off! - 03/14/12 03:17 AM
The 'Spring Market' has been called off - permanently! Yes, Ms. Seller it's true and perhaps you didn't hear the official news.  The 'Spring Market' was called off in 2008 with the official kick-off of the real estate down turn.  I'm sorry that you didn't get the memo but houses have not been selling like they used to in 'the good old days' of real estate.   We no longer can add 5% to the normal market just because we can or because we 'used to'.  Buyers will not be knocking down the doors to buy your over priced home.  There are … (8 comments)

 
Lyn Sims, Schaumburg Real Estate (RE/MAX Suburban)

Lyn Sims

Schaumburg Real Estate

Schaumburg, IL

More about me…

RE/MAX Suburban

Address: 2311 W. Schaumburg Road, Schaumburg, IL, 60194

Office: (847) 230-7324

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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.


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