schaumburg homes: What The For Sale By Owners Don't Understand - 07/28/09 08:19 AM
This is an interesting post from Gary Woltal a top producing Realtor from Texas on the finer points of selling your home 'For Sale By Owner'.  When you hire a Realtor you hire a complete 'package' in getting your home sold.  It's the 'package' that gets your home sold not just one component of 'a buyer' or the 'MLS'.  Just like your car, it runs more efficiently when all the parts are working together, not taken apart.
If you are thinking of selling your home in the Schaumburg Illinois Area, please call me so we can discuss the best 'package' for your … (0 comments)

schaumburg homes: So let me tell you again, I sell real estate! - 07/27/09 05:58 AM
So let me tell you again, I sell real estate! Well today started out as my 'lucky day'.  You know the type of day.  When the phone rings your afraid to answer it and sure enough I was right.  It was the office calling with my 'rotational call'.  Some other companies call it the 'up call'.  Very few of these calls ever turn into a living, breathing buyer or seller but someone has to do the job.  Today it was me.The gentlemen starts out by saying that he's interested in a run down house on Salem Drive.  House doesn't look too … (13 comments)

schaumburg homes: Schaumburg Area Homes - Lyn Sims at RE/MAX Suburban (847)230-7324 - 07/17/09 08:24 AM
RE/MAX Suburban Ranks Among Nation’s Most Productive 500 Lyn Sims, broker associate at RE/MAX Suburban located in Schaumburg Illinois is proud to be affiliated with one of the top RE/MAX Brokerage Firms as ranked in the 2009 Real Trends 500.  This award is a NATIONAL RANKING of the top 500 leading real estate offices in the nation.

Call Lyn today for selling your home or purchasing a home in the Northwest Chicago Suburbs near Schaumburg.  With her 25 years of experience and her affiliation with a top nationally ranked company for the last 20 years - she'll get the job … (0 comments)

schaumburg homes: 2009 HomeBuyers Tax Credit - "More" Common Questions & Answers - 07/14/09 03:39 AM
Great post that will answer all your questions about the Home Buyers Tax Credit. This is from a real estate agent from Tucscon, AZ Gabrielle Rhind. Answers to your questions plus the links.
Enjoy!

COMMON QUESTIONS AND ANSWERS TO THE 2009 First Time Home Buyer Tax Credit
Once I have closed on my home and how do I file for the tax credit?  Pick up tax form 5405 at your local CPA/Tax Preparer office or go online at www.irs.gov.  You will need your date of closing and new address along with your other tax information.  Once the form is completed, it can be filed … (0 comments)

schaumburg homes: Schaumburg Homes - Market Update, Months Supply of Inventory - Conversion Rate - June 2009 - 07/07/09 03:07 AM
This is the Months Supply of Inventory for Schaumburg IL Single Family Homes from April 2007 to June 2009.
This is also called the 'Conversion Rate' or how long and how much inventory is on the market in a particular town.  Obviously, the higher the rate, the longer the market time for that particular community.
Does your agent know the Conversion Rate and will they share that information with you?

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schaumburg homes: Schaumburg Homes - Market Update for Single Family June 2009 - Lyn Sims (847)230-7324 - 07/04/09 12:07 PM
Market Update by Price Range - Single Family Homes - April, May, June 2009 Diligently trying to keep both buyers and sellers informed on the local Schaumburg Illinois housing market has been my goal for many years.  This market update gives you the number of homes that have sold by price range so you get a feel for the current sales activity.  Which is up by the way!
97% over the last quarter!Is it the $8000 Tax Credit?  Is it the lower interest rates?  Or maybe just great values in the area? 
How can you use this information if you are a … (0 comments)

schaumburg homes: Schaumburg Homes - Market Update for Multi-Family June 2009 - Lyn Sims (847)230-7324 - 07/04/09 12:02 PM
Market Update by Price Range April, May, June 2009 Diligently trying to keep both buyers and sellers informed on the local Schaumburg Illinois housing market has been my goal for many years.  This market update gives you the number of homes that have sold by price range so you get a feel for the current sales activity.  Which is up by the way!
110% over the last quarter!Is it the $8000 Tax Credit?  Is it the lower interest rates?  Or maybe just great values in the area? 
How can you use this information if you are a buyer?   The price range that … (0 comments)

schaumburg homes: The Price of Procrastination - Schaumburg Homes - 06/05/09 01:36 PM
Procrastination can cost you alot more than you think.  This wonderful post is additional food for thought on why coupled with great prices and low interest rates, now really is the time to buy.
Sitting on the fence can be costing you more than you know!  Please call me with any questions you might have.
I would like to thank and give exceptional credit to this loan officer, Darrell Walters in Georgia for this advice.
 

Everyone Wants a Lower Price, But What About the Impact of Interest Rates?When shopping for a home, the natural tendency of any buyer is to want … (2 comments)

schaumburg homes: Oh No ..... not Zillow! - 05/28/09 10:06 AM
Oh No ..... not Zillow! One of my past clients recently was called into his investment brokers office to go over his account and obviously make any future battle plans that were necessary.  This has been a trying time for anyone with any kind of investments and offering a shoulder to cry on was the actual topic of the meeting.  After going thru all the various accounts, the planner came to the 'real estate portion' of the program and gave my client the value of his home.  $209,000 .....  REALLY?  
My client asked 'how do you know what the value of … (11 comments)

schaumburg homes: Schaumburg Homes - Search the MLS - Helpful Real Estate Website - 05/18/09 06:08 AM
Looking for a helpful real estate website? My comprehensive real estate site offers tons of helpful information no matter how many times you've moved!
First time buyers Complete MLS listing search Complete Foreclosure search from RealtyTrac - FREE Staging your home Mortgage Calculator Home inspection Mortgages Home Warranty Info Virtual tours, photos, widgets, interactive flyers Curb appeal Residential Styles Village Information School Information - IL State Board of Education School Listings Metra Information Census and Demographic Info by Zip Code Real Estate Dictionary Mortgage Terms Dictionary  


    Lyn Sims (847)230-7324 at RE/MAX Suburban
 
 
 
 
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schaumburg homes: The Princess and the Foreclosure - 05/15/09 04:12 AM
The Princess and the Foreclosure The story begins in a far away place called the 'Northwest Suburbs of Chicago' just down the street from a great cul-de-sac called 'Never never land' (and not Michael Jackson's place).  It's a story about a girl, a Princess actually, trying to buy her first home and having totally unrealistic expectations as to what will occur.  The Princess is just beginning her chosen career and just can't afford too much at this juncture.  But even though her pocketbook is less than full - her expectations are that of Beverly Hills!  The Princess is prequalified by her trustworthy … (2 comments)

schaumburg homes: Schaumburg Homes - Townhome Market Update by Price Range - Lyn Sims (847)230-7324 - 04/21/09 04:11 AM
Schaumburg Illinois Townhome Market Update by Price Range - March 2009
Always trying to keep both buyers and sellers informed on the local Schaumburg housing market has been my goal for many years.
 
This market update gives you graphs of homes that have sold by price range so you get a feel for the current sales activity.  Which is up by the way!
 
How can you use this information if you are a buyer?   The price range that you are thinking of purchasing in, is it one of the more active price areas of the market?  It would … (0 comments)

schaumburg homes: Schaumburg Homes - Market Update by Price Range - March 2009 - 04/21/09 02:19 AM
Schaumburg Illinois Market Update by Price Range - March 2009
Always trying to keep both buyers and sellers informed on the local Schaumburg housing market has been my goal for many years.
 
This market update gives you graphs of homes that have sold by price range so you get a feel for the current sales activity.  Which is up by the way!
 
How can you use this information if you are a buyer?   The price range that you are thinking of purchasing in, is it one of the more active price areas of the market?  It would be … (1 comments)

schaumburg homes: Schaumburg Homes - Market Update for March 2009 - 04/08/09 12:20 PM
Well lately we’ve heard some media buzz that improvement is happening in the Schaumburg Illinois Real Estate Market and I just wanted to let you know that YES – it’s true!
 
So for the month of March 2009 .............. we’ve had 19 properties close – YIPEE. 
 
Of all the closings 16 were below the $330,000 price and only 3 were above.  This is basically showing us that obviously the first time buyers are spurring along the market.  Also for those wondering, only 5 were marked foreclosures and 2 were marked short sales.  Our MLS allows us to differentiate … (3 comments)

schaumburg homes: Schaumburg Homes - Chicago and Illinois Foreclosure Data - 03/02/09 08:44 AM
This information is presented to keep my clients up on the current real estate trends only.   It is not meant to suggest that their is an inordinate amount of foreclousures in the Chicago Metro area. 
Chicago Area Market and Illinois Markets are highlighted in yellow.
 
 
 

 
 
  Lyn Sims (847)230-7324 at RE/MAX Suburban
 
 
I proudly serve and sell real estate in the Northwest Suburbs of Chicago.  If you are thinking about purchasing or selling your home in the communities of Schaumburg, Hoffman Estates, Elk Grove Village, Roselle, Palatine, Medinah, Itasca, Bloomingdale, Carol Stream, Bartlett, … (2 comments)

schaumburg homes: Schaumburg Homes - Buyers have great opportunities - 02/27/09 07:47 AM
Low Prices, Low Rates = Opportunity The best time to buy something is when no one else wants it = yes, another Opportunity
Housing prices have fallen dramatically all over the country and rates on 30-year fixed-rate mortgages are already close to 5 percent. Experts say it's possible, with government encouragement, that rates will fall as low as 4.5 percent. I believe this is the way the market will go.
So ...... Now is the time for buyers to step up. Here are some things to consider:
•    Prices have always softened in the winter. As temperatures fall, bargain hunters will … (8 comments)

schaumburg homes: Man Cave - 02/22/09 06:35 AM
The Ultimate Man Cave Check out this unique newly listed home around $300,000. Truly a 'Man Cave' that is actually pretty nice! No comps for it though as the seller mentions! … (10 comments)

schaumburg homes: Home Selling Advice - Schaumburg Homes - The Power of 3 - Lyn Sims (847)230-7324 - Schaumburg Illinois - 02/20/09 02:44 AM
The Power of 3 What’s the most asked question that I receive from people about real estate?  What’s the #1 tip that I could pass along?
Well there’s actually 3 things that are enmeshed together – location, price and condition.  All 3 actually make your home either sell or be rejected by prospective buyers.

So a real estate mantra in case you don't know it:

Location, location, location!

There's that 3 again but there is a reason that it is used over and over.  Nobody listens!

The location of your home makes a 'price' difference to buyers from the … (0 comments)

schaumburg homes: Home Selling Advice - Schaumburg Homes - The Power of 3 - Lyn Sims (847)230-7324 Schaumburg Illinois - 02/19/09 04:54 AM
The Power of 3 What’s the most asked question that I receive from people about real estate?  What’s the #1 tip that I could pass along?
Well there’s actually 3 things that are enmeshed together – Price, condition, location.  All 3 actually make your home either sell or be rejected by prospective buyers.
Price - Obviously in this market with the elevated inventory you have to be ‘spot on’ with your homes price.  Too high and no one will take your home seriously and it will be passed over.  Too low?  Well that really doesn’t happen too often except in distress … (0 comments)

schaumburg homes: Schaumburg Homes - Interest Rate Payment Chart - Lyn Sims (847)230-7324 - 02/05/09 04:37 AM
Why is it so tough to find an interest rate payment chart?This is another post in the 'Real Estate 101'series where I have attached an interest rate payment chart for buyers interested in knowing what a payment would be with each interest rate jump either up or down. You wouldn't think in this day and age that it's a big deal - but it is!  I've went to countless mortgage websites, both big and small, and came up short.   We've got plenty of fancy 'calculators' but nothing where you can actually see 5% is ???  5.5% is ???   I've got bad … (2 comments)

 
Lyn Sims, Real Estate Broker Retired

Lyn Sims

Real Estate Broker Retired

Schaumburg, IL

More about me…

Address: Schaumburg, IL, 60194

Mobile: (847) 962-7104


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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