Chicago Housing Market Update

Chicago Housing Market drawing

Although we've heard some chatter about a possible housing bubble, it's too early to predict a change from the current situation in Chicago, and most other areas of the country, which is higher prices and lower inventory.

Wages have been increasing, but not at the same pace as home prices, and the mortgage interest rates have risen several times this past year. This situation potentially leads to affordability issues that can cause fewer sales at lower prices, in spite of the fact that demand is still outpacing the supply of available homes.

Complete Classes to Become a Licensed Illinois Real Estate Broker in TWO WEEKS!

Coldwell Banker real estate school

Is NOW a good time?

Complete your education requirements to become a Licensed Real Estate Broker in 2 weeks! Classes begin September 13th.

Where? Coldwell Banker Residential Brokerage - McMullen Office - 6400 N. Northwest Hwy, Chicago - 773-631-8300.

When?  Monday through Friday, 9:00a.m. to 4:30p.m., September 13 through September 26

The all inclusive packages combine:

Mike Stangel, Top Producing Broker, Chosen to Participate in NAR Pilot Program

Mike Stangel with NAR employees

Our own top producing real estate broker, Mike Stangel, was chosen by the National Association of REALTORS® to participate in their new 'Day In The Life of a REALTOR®' Pilot Program.

In order to provide better service to its members, the National Association of REALTORS® staff members are spending quality time with select agents, brokers, or local/state association staff. The purpose is to have NAR staff members come away from these interactions with empathy for what REALTORS® do each day, which will translate into even better service from NAR.

Congratulations To Our Top Selling Agents For May 2018!

CONGRATULATIONS TO OUR TOP SELLING AGENTS FOR MAY 2018!

Top Selling Agents

Mary Beth Balcarcel, Peter Bellert, Diane Bornell, Marti Corcoran, Hassan Dahik, Marti Janus, Dorota Kula, Sheila Kula, Cornelia Matache, Donaldo Pactol, Jan Robertson, Leslie Rodriguez, Mike Stangel and Anna Tabeau
*List is alphabetized by agent last name*

Overpricing . . . NEVER a Good Selling Strategy!

brick home with a don't overprice graphic

The single most important factor to consider when selling a house is the price.  How much is your house worth in today's local real estate market? 

If you are thinking that you should overprice your home and then aggressively negotiate, think again.  Overpricing may be the biggest mistake you can make when selling your home.  Overpricing leads to a longer listing time and lower selling price.

Realogy Recognized By Great Place to Work®

Realogy building sign with Great Place to Work overlay

Realogy Holdings Corp.has achieved certification as a great workplace by the independent analysts at Great Place to Work®.

Ryan Schneider, Realogy's chief executive officer and president: "We are incredibly proud to be recognized as a Great Place to Work. The Institute gathered employee feedback to assess what it's like working at Realogy and acknowledged our commitment to providing meaningful work and a great environment. This designation is also a testament to all of our employees, whose dedication, talent and passion make Realogy a great place to work."

Income Tax Tips From The IRS When Selling Your Home

shoe house

Here are some things the IRS suggests you keep in mind when selling a home.  As always, for advice on tax planning and compliance, check with your accountant and/or the Internal Revenue Service for guidance before taking any action.

1. Taxpayers who sell a home may qualify to exclude from their income all or part of any gain from the sale. To claim the income tax exclusion, the homeowner must have owned the home for at least two years, and lived in the home as their main home for at least two years, during a five-year period ending on the date of the sale.