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Displaying blog entries 1-10 of 18

Elmhurst Illinois Open Houses for Sunday, September 2, 2012

by Thomas Makinney

Address:484 S Cottage Hill Ave

City: Elmhurst

Price:$519,000

Scheduled for: 09/02/2012 from 01:00 PM to 03:00 PM

 

Address:757 S Berkley Ave

City: Elmhurst

Price:$689,900

Scheduled for: 09/02/2012 from 11:00 AM to 02:00 PM

Elmhurst Housing Market on the Rise

by Thomas Makinney

Economists rarely agree on much, but one topic seems to have a number of them all nodding their heads at the same time – the housing market has turned the corner. Take a look at Elmhurst’s market statistics in this month’s newsletter, and you’ll see local proof why the industry has a decidedly rosy glow forecast for the rest of this year.

Bank of America changed its price forecast for 2012 from a .5% increase over last year to a full 2% increase. Zillow Chief Economist, Stan Humphries, who had originally forecasted a housing price drop of 3.7% for this year, has now predicted that home values will rise 1.1% instead.

The Freddie Mac House Price Index for the US showed a 4.8% gain from March to June of this year – the largest since 2006 – and a June-to-June increase of 1%. Fannie Mae is also predicting a positive price change this year of 1.1% with another 1% to follow next year. Fannie agrees with the National Association of REALTORS that existing home sales will increase 8.2% to 4.6 million this year. In Fannie’s June 2012 National Housing Survey, they also found homeowners becoming more confident in future price expectations. Fannie economists surmise that these changes may be due to continued low interest rates and the general consensus that home prices have probably hit bottom.

Kiplinger’s experts may be the rosiest of all suggesting that housing will lead the national economy in the second half of this year. They predict that with increased home sales and housing starts, home prices will continue to rise this year, and that housing will contribute to overall economic growth for the first time since 2005. Of course, there are some economists who aren’t ready to smile just yet, Fiserv and Moody’s in particular. But rather than predict negative outcomes for this year, these groups believe that 2012 prices will be flat with improvements coming a little further down the road in 2013 and 2014.

Whether you’re a buyer or a seller, the bottom line is that now is a great time to get into the housing market, and the Gracik Makinney Real Estate Group is here to help. With community knowledge, industry experience, and personal dedication, our team is the best place to start on the road to your home ownership dreams. Contact us today at 540 South York St. in Elmhurst, or at (630) 567-5902.

Buying the Right Home in Elmhurst

by Thomas Makinney

door heartWhen you’re in the market to buy – whether it’s a new pair of shoes or a new home – you just know the right one when you see it. That gut reaction tells you that this is the one. Unfortunately, a new home in the Elmhurst area is a much bigger financial commitment than a new pair of shoes, and when you’re in the market for a new home, you should be shopping with your head as well as your heart. When you find the home that grabs your heart, run through this list to help your head decide if it’s worth your emotional investment.

Price is usually the first filter for any home search. Make sure that the actual cost of the home – including any repairs or upgrades you would want to make – falls within your budget. There will always be surprises in life, and staying within your house shopping price range will help you manage the finances when they arise.

The condition of the home is also important. Using sweat equity to refurbish a fixer-upper can either be a wonderful experience or a disheartening money pit. Have a realistic idea of your skills as well as the amount of both time and money you can reasonably devote to the project. Otherwise, that “diamond in the rough” may still be pretty rough long after you thought you’d be finished with it.

Surprisingly, homebuyers sometimes forget to consider the size of the property they’re considering. Make sure that it has the right combination of bedrooms and bathrooms for your household, that there is sufficient storage space for your lifestyle, and that its size matches how you want to live in it. For example, if you like to be off on far-flung adventures during your free time, you probably don’t want to be anchored down by a high-maintenance yard at home

Coming back full circle to financial matters, buyers always need to consider resale potential. While it’s difficult to think of leaving a home you’re just beginning to love, the reality is that it will most likely be resold at some point in the future. Your home is as much a financial investment as is a mutual fund or a stock portfolio. Understanding that now, will give you peace of mind later on and it won’t keep you from falling in love with the right one.

A professional real estate agent can help you see both the potential and the pitfalls of the homes you choose by understanding both your housing desires and the trends in the wider housing market. An agent’s wide-angle view will help you keep your big picture in focus, and find that perfect balance between head and heart. If you’re looking to buy or sell Elmhurst real estate, or properties in the surrounding area, contact the Gracik Makinney Group, or call (630) 567-5902.

Elmhurst Illinois Open Houses for Sunday, August 26, 2012

by Thomas Makinney

Address: 1300 Degener Ave

City: Elmhurst

Price:$149,000

Scheduled for: 08/26/2012 from 01:00 PM to 03:00 PM

 

Address:110 W Butterfield Rd Unit 5145

City:Elmhurst

Price:$153,900

Scheduled for: 08/26/2012 from 01:00 PM to 03:00 PM

 

Address:0S600 Old York Road Unit 202

City:Elmhurst

Price:$199,000

Scheduled for: 08/26/2012 from 01:00 PM to 03:00 PM            

 

Address:291 N Walnut St

City:Elmhurst

Price:$217,000

Scheduled for: 08/26/2012 from 01:00 PM to 03:00 PM

 

Address:762 S. Fairfield Ave

City:Elmhurst

Price:$254,900

Scheduled for: 08/26/2012 from 01:00 PM to 03:00 PM

Address:146 N. Caroline Ave

City:Elmhurst

Price:$299,000

Scheduled for: 08/26/2012 from 01:00 PM to 04:00 PM

 

 

Address:3N425 Howard Ave

City:Elmhurst

Price:$329,000

Scheduled for: 08/26/2012 from 01:00 PM to 04:00 PM

 

Address:549  N Indiana St

City:Elmhurst

Price:$330,000

Scheduled for: 08/26/2012 from 01:00 PM to 04:00 PM

 

Address:413 S Scott St

City:Elmhurst

Price:$335,000

Scheduled for: 08/26/2012 from 012:00 PM to 02:00 PM

 

Address:677 W Albert Ave

City:Elmhurst

Price:$389,900

Scheduled for: 08/26/2012 from 01:00 PM to 03:00 PM

 

Address:242 E Cayuga St

City:Elmhurst

Price:$539,900

Scheduled for: 08/26/2012 from 01:00 PM to 03:00 PM

 

Address:210 E Oneida St

City:Elmhurst

Price:$587,900

Scheduled for: 08/26/2012 from 01:00 PM to 03:00 PM

 

Address:605 W Babcock Ave

City:Elmhurst

Price:$619,900

Scheduled for: 08/26/2012 from 01:00 PM to 03:00 PM

 

Address:394 S Kenilworth Ave

City:Elmhurst

Price:$1,099,000

Scheduled for: 08/26/2012 from 01:00 PM to 03:00 PM

A new cottage-style home in center-of-town Elmhurst

by Thomas Makinney

Realtor Tom Makinney bills this as a "seaside traditional home with formal flair." The tastefully elaborate trim package, carried consistently from top to bottom, warrants the description.

McGovern Builders crafted a gem in this 3,476 square foot, 5-bedroom, 4 ½ bath home. It boasts an open floor plan, high ceilings and large rooms on an oversized lot. The home is within walking distance of downtown Elmhurst and K-12 schools.

The home was list-priced in the $940s. It was sold before completion and was scheduled to close the day of our visit.

Tom Makinney of Koenig & Strey's Gracik Makinney Group is our tour guide in this sponsored video.

Elmhurst Illinois Open Houses for Sunday, August 19, 2012

by Thomas Makinney

Address: 917 S Fairfield Ave

City: Elmhurst

Price: $675,000

Scheduled for: 08/19/2012 from 01:00 PM to 03:00 PM

 

Address: 139 Fellows Ct Unit 139

City: Elmhurst

Price: $184,900

Scheduled for: 08/19/2012 from 01:00 PM to 03:00 PM

 

Address:168 N Berteau Ave

City: Elmhurst

Price: $290,000

Scheduled for: 08/19/2012 from 01:00 PM to 03:00 PM

 

Address: 540 N Evergreen Ave

City: Elmhurst

Price: $300,000

Scheduled for: 08/19/2012 from 01:00 PM to 03:00 PM

 

Address: 3N425 Howard Ave

City: Elmhurst

Price: $329,000

Scheduled for: 08/19/2012 from 01:00 PM to 03:00 PM

 

Address: 289 E Adelia St

City: Elmhurst

Price: $399,900

Scheduled for: 08/19/2012 from 01:00 PM to 03:00 PM 

 

Address: 275 N Ridgeland Ave

City: Elmhurst

Price: $489,900

Scheduled for: 08/19/2012 from 01:00 PM to 03:00 PM



Address: 484 S Cottage Hill Ave

City: Elmhurst

Price: $539,000

Scheduled for: 08/19/2012 from 01:00 PM to 03:00 PM

 

Address: 251 N Highview Ave

City: Elmhurst

Price: $575,000

Scheduled for: 08/19/2012 from 01:00 PM to 03:00 PM

An expanded Cape Cod in Elmhurst's Lincoln School district

by Thomas Makinney

The dormered Cape Cod-style home is popular throughout the United States, and common in Elmhurst.

The 4-bedroom, 2 bath Cape Cod at 328 Hillside has an uncommon feature -- a large family room addition with patio doors leading to a nicely landscaped yard. The home has a recently-remodeled kitchen, a fully-finished basement and better storage than you'll typically find in this style home. It's new on the market and listed for sale at $479,000.

Tom Makinney of Koenig & Strey's Gracik Makinney group is our tour guide in this sponsored video.

Show Off Curb Appeal In Your Elmhurst Listing Photos

by Thomas Makinney

If you're trying to sell your Elmhurst home sooner rather than later, take a look at your curb appeal. If it's right, you'll have interested buyers the minute they park in front of your house.

However, today's buyers often look at online photos before they get to the actual property, so your curb appeal must also come shining through in your listing photos.

Start with the following easy, no-cost options and then do more if needed.

  • Remove Window Screens – Screens make windows look dark in photos, and you want people to see your Elmhurst property as bright. Removing window screens will give your photos dimension, but remember to keep and reinstall all screens after the home sells. While your buyers likely won’t miss the screens during a showing, they will once they live there.
  • Water Bark Mulch – New mulch looks great and creates a nice clean appearance outside your home, while old mulch is not quite so attractive. Watering older mulch gives it a darker tone that will contrast with your greenery and make it pop. So pull out the hose and wet down your mulch both before taking the picture and before any showing.
  • Create A Stand-Out Walkway – Turn your front walkway into a path to a sale.  Clean, remove clutter and then jazz it up with potted plants or some colorful paint on the cement. Your photos will look better if you stand on a small ladder and take the picture looking down on the property or if you shoot from an angle rather than straight on.

As a seller, you want to make sure your Elmhurst real estate jumps out at potential buyers, and a great photo will make the buyer want to see more. Along with these tips, look for anything else that will get your home to stand out in the current crowded market and make your buyers fall in love at first sight.

If you’re looking to buy or sell Elmhurst real estate or properties in the surrounding area, contact the Gracik Makinney Group, or call (630) 567-5902.

A newer home across from Elmhurst's Berens Park

by Thomas Makinney

The newer single-family home at 554 Oaklawn Ave is directly across from the huge Berens Park, the home of Elmhurst's Wagner Community Center.

Built less than a dozen years ago, the home has hardwood floors, a formal dining room, a separate den, 4 bedrooms -- including a large master suite -- and 3 full baths. There's also a fully finished basement, a large yard and an attached 2-car garage. The home is listed in the low $500s.

Tom Makinney of Koenig & Strey's Gracik Makinney group is our tour guide in this sponsored video.

A Nantucket-style home in Elmhurst's Lincoln School district

by Thomas Makinney

This six-year old home has an open floor plan with a first-floor office off the living room, a generously sized kitchen that opens to the family room and a breakfast area.

The bedroom level of the home is outstanding, with four large, well-separated, bright corner bedrooms and 3 full baths, including the master. There's a large linen closet in the hall, adjacent to the light, hyper-organized laundry room.

The fully-finished lower level has a huge, flexible space, a wet bar, a powder room, access to the exterior and additional storage.

There's a 2 1/2 car garage on the oversized lot and a rear deck for entertaining.

744 S Hawthorne is listed for sale at $775,000.

Maria Gracik of Koenig & Strey's Gracik Makinney group is our tour guide in this sponsored video.

Displaying blog entries 1-10 of 18

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