AR MeetUp in Chicago Lyn Sims and Lynn Friedman
Laughter and ShopTalk
Lyn Sims, Realtor and Lynn B Friedman, Realtor held a MeetUp in Chicago, IL on Tuesday, July 30th. The MeetUp scored 100% attendance of all the RSVP’s received. Dressed in their ActiveRain T-shirts, Lyn and Lynn discussed the odd state of affairs in real estate in the Summer of 2013.
Comparing the rhythms in the market that Lyn serves, Schaumburg, IL and the market Lynn serves in Atlanta, GA, they noted that the same things were happening 750 miles apart. Lyn said, “The houses that are very bad and over-priced are holding the index down. Their presence has us at over 100 days on market even though the majority of homes are moving very quickly.” Lynn agreed that there were homes in Atlanta - for sale in very bad condition that just sat there lowering not only statistics but the value of the neighborhoods as well.
On the bright side, Lynn said that she had received multiple offers for an entry-level home and that it went under contract in four days, , in an all-cash deal tha was higher than the List Price and Closed in only 12 days. Pricing the home was an adventure. There were no neighborhood comparables for the home in two years except for two foreclosures under $100,000. A success story - we know the "price was right" and the house “moved on” to its next owners.
Lyn had a similar success story to share at lunch. As they walked back to her car, Lyn pointed out different details about Chicago life in the Wrigey Field/Lakeview section of Chicago. What fun!
Getting to meet was very enjoyable. Set up your own encounters when going to a new town. Did you know that there is an ActiveRain GROUP called ARups, for pulling together MeetUps while travelling? Check it out - our own AR-ups await!
Have a happy day -