Why I give Schaumburg Home Sellers a market advantage!

By
Real Estate Agent with RE/MAX Suburban
https://activerain.com/droplet/5lVt

One of the values that an agent brings to the table is their local knowledge of the real schaumburg housing marketestate market.

Is it up? Is it down?

Suddenly a particular financing can no longer be used on your home which makes it available to less buyers. There are many, many things to compile to become knowledgeable.


I pass all that information along to my sellers so they sell for more money & in a decent time frame.

That's what I do & what I work for with every client I represent.


One of the things that I noticed on doing the 2019 year end review was the vast amount of lender fees, points or 'mortgage help' the buyers are asking for in their home purchases. Following the sold & closed property everyday in nearby markets, I keep seeing $4000 and $5000 on many listings. What this is also called is 'seller concessions'.

In other words, the seller has made less money on their home than anticipated.


schaumburg home sales



That's a big deal & here's why .... if the MLS is telling us that a seller in Schaumburg will receive on the average 97% of the listing price (equalling 3% off list) then there is additional $4000 to $5000 that the sellers did not anticipate. Also makes the seller stand more 'firm' on the price in case they do have to give 'mortgage help' to a buyer. There is no more margin for the seller. If they need to reduce their price in the future - whoops, no more margin.

This will be changing the market coming up for spring & sellers should be made aware! I plan to advise my sellers of this new change so that we can come up with a good strategy to still get their house sold. Get a good game plan & get them on to their new location.

I would welcome doing the same for you. schaumburg home sales

 

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lyn sims remax suburban  Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324
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Topic:
Real Estate Market Trends
Location:
Illinois Cook County Schaumburg
Tags:
schaumburg real estate prices
schaumburg housing market

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Ambassador
2,269,099
Wanda Kubat-Nerdin - Wanda Can!
Prado Real Estate South - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Local knowledge is invaluable Lyn and your clients are in great hands in Shaumburg!

Jan 12, 2020 01:25 PM #1
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Hi Lyn,  Thanks for sharing insights into your local transactions.  Buyers and sellers will benefit from this information.

Jan 12, 2020 05:19 PM #2
Rainmaker
5,220,433
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Lyn Sims ... there's much for potential sellers AND their potential buyers to think about in your narrative..... as a listing agent, you do a fantastic job of representing your seller clients and giving them the proper direction at the onset....the listing presentation is the first step and you provide a thorough view of what they could expect during their listing period and how to create a situation that's to their advantage.....you represent them well.... but you already knew this and they do, too!

Jan 13, 2020 02:53 AM #3
Rainmaker
3,444,088
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Lyn. Experience over time tells the real story. And you have the real story to tell. Enjoy your day!

Jan 13, 2020 04:55 AM #4
Rainmaker
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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Lyn - I like your post title.  A lot. And the post itself shows your real estate expertise come forth.  Here's hoping your invitation brings more interested buyers/sellers your way.  

Jan 13, 2020 05:40 AM #5
Rainmaker
3,318,559
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Great post, Lyn... and when MLS stats don't take seller concessions into account, the statistics get skewed. Our market has seen much less of seller concessions in recent years, but I'm sure the day will come when they become common again.

Jan 13, 2020 05:43 AM #6
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Lyn Sims

Schaumburg IL Real Estate
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