In the table below lists all of the single family detached and single family attached homes currently on the market in Schaumburg, IL The data lists available homes by price range with average time on market in each range.   Included in this list are many Foreclosures and Short Sales.   Should you have an interest in homes in a selected price range, send me your physical characteristics requirements. I will send complete details on those homes that meet your criteria. Active Listings List Price Range # Listings Avg. Days on Mkt Less than $49,999 1 12 $50,000 - $99,999 16 25 $100,000 - $149,999 44 71 $150,000 - $199,999 36 177 $200,000 - $249,999 30 150 $250,000 - $299,999 30 90 $300,000 - $349,999 34 92 $350,000 - $399,999 25 127 $400,000 - $449,999 7 57 $450,000 - $499,999 3 324 $50... 08/10/2013

Real Estate Market Update - Northwest Suburbs - July 2013 Welcome to the place to get those housing questions answered about the real estate market in the Northwest Suburbs! Our local inventory level has still continued to decrease and are still at insanely low levels. Multiple offers in many price ranges make it tough for buyers and great for sellers. If your home is still 90 days or more on the market the buyers have deemed it overpriced. 'Wow' Factors for July - Market time is down overall for homes. Hanover Park as an example is down 200% which is terrific.  Home sales in Hoffman Estates are up 155% over last year.  Sales in townhouses and condos are down overall from June. Prices? They are continuing to see small increases every month. Average prices are up or even at this time for... 08/09/2013

On August 8, Dairy Queen is partnering with Children’s Miracle Network Hospitals across North America for Miracle Treat Day where $1 or more from Blizzard® Treats sold will benefit the Children’s Miracle Network Hospital in your community.   08/06/2013

Survey gives results on important School Decisions A recent survey by Realtor.com® found that 3 out of 5 home buyers surveyed said school boundaries will impact their home purchasing decision.Key Survey Findings:A majority of home buyers who said school boundaries will have an impact are willing to pay 1 percent to 10 percent above budget to live within school boundaries:• 23.59 percent would pay 1 percent to 5 percent above budget • 20.70 percent would pay 6 percent to 10 percent above budget • 8.98 percent would pay 11 percent to 20 percent above budget • 40.33 percent would not go above budgetThe survey clearly demonstrates the large impact school boundaries have on those looking to purchase a home.For those home buyers who said school boundaries will impact their decision:• 90.53 pe... 08/02/2013

Landlords – time to wise up and get nasty, what are those tenants doing! Janet Jackson said it best in her 80's tune:  Nasty, nasty boys, don't ever change! Well this post will hopefully change all that.  I offer help for the little guy that has not only gotten ripped off by the tenant but the system too!  The subject of Deadbeat Tenants has been a terrible sore spot for me over the last couple of years.  There have been a few situations where small landlords are definitely getting screwed and financially beaten up by the current system.  The system being the credit reporting companies and real estate companies alike.  That’s right – I’m saying that brokers are also to blame for not stepping up to the plate!   When we sign a listing agreement with a landlord for a tenant search, part of... 07/26/2013

Schaumburg Townhome Search - These are direct search links for the most popular Schaumburg Townhomes.  Feel free to check out the various areas or email me and I will be happy to send you any further information.  Ashton Park - 2 to 3BR Townhomes with 2 car garages. Possible golf course locations, possible basements.Autumn Ridge - 2 to 3BR Townhomes with 2 car garages, possible basements.  Ranch style available.Briar Pointe - 2BR also with lofts, one story ranch models available, 1 car garage.Bright Ridge - 2BR also with lofts, 1 car garage.Castle Rock - 2story townhomes, possible basements.Dunbar Lakes - 2BR Quads with garage, 2story 2 to 3BR townhomes, possible basements.Gatewood - 1, 2 or 3BR Coach Homes either on the 1st or 2nd floors, 1 car garage.Glens of Schaumburg - 2 to 3BR Coa... 07/24/2013

People always ask me “How many homes are selling?  Is the market getting better?" Well that seems to make a difference is what area or subdivision you live in.  It’s really not an evasive answer.  Each area and subdivision is totally different!  Here’s what I can tell you about the overall Schaumburg market –Single Family Homes -  Schaumburg averages 46 home sales a month.  Inventory is down substantially.  The percentage of homes going under contract each month is 22 to 27%. Average Sold Price was $291,666 for the 2nd quarter of 2013.Multi-Family Homes - Schaumburg averages 85 sales per month. Inventory is down even more than single family homes.  The percentage of homes going under contract each month is 29 to 33% which is higher overall than single family.  Average sold price was $11... 07/17/2013

Real Estate Market Update - Northwest Suburbs - June 2013 Welcome to the place to get those housing questions answered about the real estate market in the Northwest Suburbs! Our local inventory level has still continued to decrease and are still at insanely low levels. My assessment is that our recovery would be better if we had a little bit more inventory for the available buyers. Multiple offers in many price ranges make it tough for buyers and great for sellers. If your home is still 90 days or more on the market the buyers have crossed it off as overpriced. Prices? This has been the 2nd report where all the average sales prices have increased across the board.     I am optimistic about our strengthening Northwest Suburban market. We have recently experienced an increase of 1 to 1 1/... 07/15/2013

Riddle me this!  What is the easiest way to save on your real estate taxes every year? What do most people forget to do when they finally close on the house of their dreams?Answer:  File a homeowners exemption! It's one of the easiest ways to save on your tax bill every year and be sure that you are taking full advantage of this benefit.  With all the foreclosures & short sales, filling out this vital money saving paperwork is being overlooked! Make it a priority for you and your wallet! You must claim your home as a primary residence in order to receive this exemption.  Only one per customer as Cook County is getting very strict and has passed a new law against homeowner exemption fraud!  Here's a quick example of how I saved my neighbor around $1500 so far.  They bought a home in my a... 07/12/2013

New Construction Homes For Sale in Schaumburg, Illinois Currently for Sale   For Sale Avg. List Min. Max Avg. Days All 10 $678,368 $164,900 $1,600,000 287 0 bedrooms 1 $164,900 $164,900 $164,900 300 3 bedrooms 2 $379,990 $359,990 $399,990 296 4 bedrooms 7 $836,971 $659,900 $1,600,000 283 View All New Construction For Sale in Schaumburg New Construction Homes for Sale by Subdivision Subdivision Description For Sale Pleasant Square Pleasant Square is a condo, row house and single family neighborhood designed by Village Square Development. Pleasant Square is located in Schaumburg, Illinois north of Schaumburg Road just west of Roselle Road. 2 homes for sale Waterbury Lane Waterbury Lane is a townhome and manor home community built in 2012. Waterbury Lane is located in east of Roselle Road ... 07/10/2013

Schaumburg Township will be receiving it's tax bill in the mail shortly (8/26/13) and this year is a reassessment year for Schaumburg Township. You have 30 days to appeal your assessment from the notification. If you believe that your home is over valued and you are paying too much in taxes, I urge you to file an appeal.Cook County has made it somewhat more difficult for regular homeowners to file an appeal.  There have been different classifications made for those that have attorneys and those that do not.  I have been made aware of examples where homeowners were denied if they did not have an attorney representing them.  I do not know if that will happen in your particular case.  You've really got nothing to loose by appealing your taxes.  Just be sure that you put forward a good case... 07/09/2013

I've found this great new tool for investors, remodelers, and those that are taking on that 'handyman special'.  It's called the 'Project Calculator & Project Estimator' that helps you determine how much a particular home improvement project will cost. Want to know how much paint to buy? How much flooring? How about a roofing estimator?This is the tool for you.  There is even a kitchen remodel planner that seems to work well & gives you different options on how to save $$ on that kitchen project.Cost GuideRoom Planning Tool What's your ROI or Return on Investment for this project? 07/08/2013

  In the table below lists all of the single family detached and single family attached homes currently on the market in schaumburg, IL The data lists available homes by price range with average time on market in each range.    Included in this list are many Foreclosures and Short Sales.    Should you have an interest in homes in a selected price range, send me your physical characteristics requirements. I will send complete details on those homes that meet your criteria.   Active Listings List Price Range # Listings Avg. Days on Mkt Less than $49,999 4 61 $50,000 - $99,999 19 118 $100,000 - $149,999 47 95 $150,000 - $199,999 32 163 $200,000 - $249,999 29 115 $250,000 - $299,999 32 99 $300,000 - $349,999 27 90 $350,000 - $399,999 20 193 $400,000 - $449,999 2 117 $450,000 - $499,999 5 1... 07/07/2013

Townhomes & Condos For Sale in Skokie, Illinois Currently for Sale   For Sale Avg. List Min. Max Avg. Days All 150 $163,214 $38,250 $589,000 128 0 bedrooms 1 $57,000 $57,000 $57,000 5 1 bedroom 21 $84,721 $38,250 $169,000 77 2 bedrooms 105 $171,508 $49,900 $589,000 147 3 bedrooms 23 $201,635 $95,900 $460,000 97 View All Townhomes & Condos For Sale in Skokie Sale Averages - By Month   Sales Avg. List Avg. Sale Ratio% Avg. Days Jun 2013 21 $135,071 $129,898 97.5% 82 May 2013 36 $129,361 $119,706 93.9% 143 Apr 2013 25 $149,496 $128,136 86.1% 196 Mar 2013 19 $158,620 $146,030 92.6% 113 Feb 2013 19 $127,299 $113,961 90.9% 145 Jan 2013 22 $106,897 $93,545 88.2% 123 Dec 2012 27 $122,478 $108,704 89.8% 117 Nov 2012 34 $123,421 $111,120 91.7% 157 Oct 2012 24 $146,002 $129,766 90.0% 123 Sep 2012 ... 07/02/2013

Townhomes & Condos For Sale in Schaumburg, Illinois Currently for Sale   For Sale Avg. List Min. Max Avg. Days All 333 $134,012 $1,500 $465,000 114 0 bedrooms 2 $39,900 $39,900 $39,900 86 1 bedroom 27 $63,561 $39,900 $114,900 146 2 bedrooms 246 $128,834 $49,900 $315,900 114 3 bedrooms 58 $192,014 $1,500 $465,000 100 View All Townhomes & Condos For Sale in Schaumburg Sale Averages - By Month   Sales Avg. List Avg. Sale Ratio% Avg. Days Jun 2013 73 $132,186 $124,209 95.1% 123 May 2013 64 $118,329 $111,715 94.7% 133 Apr 2013 69 $119,342 $111,545 93.4% 122 Mar 2013 52 $105,187 $98,043 94.2% 141 Feb 2013 41 $111,092 $98,816 91.7% 158 Jan 2013 47 $117,244 $103,206 88.5% 153 Dec 2012 48 $103,525 $90,274 88.3% 147 Nov 2012 51 $120,022 $103,210 86.6% 157 Oct 2012 64 $134,307 $118,792 88.5% 139 S... 07/02/2013

Single Family Homes For Sale in Schaumburg, Illinois Currently for Sale   For Sale Avg. List Min. Max Avg. Days All 222 $345,699 $104,900 $2,250,000 102 2 bedrooms 1 $195,000 $195,000 $195,000 38 3 bedrooms 108 $263,476 $104,900 $525,000 94 4 bedrooms 93 $406,846 $160,000 $1,600,000 109 5 bedrooms 20 $512,900 $219,900 $2,250,000 110 View All Single Family Homes For Sale in Schaumburg Sale Averages - By Month   Sales Avg. List Avg. Sale Ratio% Avg. Days Jun 2013 42 $325,114 $307,007 94.1% 107 May 2013 37 $332,354 $311,423 93.5% 120 Apr 2013 38 $272,470 $257,483 95.4% 130 Mar 2013 35 $339,733 $302,015 89.6% 169 Feb 2013 16 $258,280 $237,375 92.7% 148 Jan 2013 24 $249,343 $231,263 92.7% 119 Dec 2012 22 $282,493 $257,836 92.2% 105 Nov 2012 27 $283,311 $258,622 90.3% 141 Oct 2012 39 $290,225... 07/02/2013

Welcome back! Since it's Throwback Thursday, I figured it would be good idea to post my first video blog ever! I'm still getting the hang of it but you can definitely tell I was a little more nervous on this one. On this particular video blog I discuss the rental application and what you can expect or prepare to help expedite the process. Take a look and if you have any questions regarding rentals or the application process please let me know!     At Cornerstone Realty and Rentals, Inc. we desire to help you find your next home. If you have any questions regarding real estate, rentals, or property management please contact us at anytime! You can reach us by email at cornerstonerealtyandrentals@gmail.com or by phone at (847)496-0081 or visit us on your website at www.cornerstonerealtychi... 06/27/2013

A short sale can turn what looks like a dire situation into a positive outcome in which you still maintain control of your property until the closing day.  If other measures have failed or you have chosen not to take part in a loan modification process, you can still have a dignified outcome by selling your home. One of the main benefits of a short sale is that you will be protecting your credit rating.  Most lenders will not file a 'deficiency judgment' against you for the money owed after the short sale.  This is not the case in a foreclosure proceeding.  All monies owed plus attorney's fees for the foreclosure action will be collected possibly forcing you into bankruptcy. I can explain the entire process from start to finish and answer your questions on what will happen and what to e... 06/22/2013

Interest rates are on the rise so what will that mean if you are a Schaumburg home buyer? Obviously it will increase your payments but by how much?  Interest rates are subject to many influences and factors including your own FICO score.   This chart will give you a payment based on every $1000 borrowed so you can see exactly what that means to your purchase plans.  A rate increase also means the lessening of your purchase power because you are pre-approved based on a payment amount that you can afford per month. So in case you don't want to locate your calculator, I'll do some quick math for you.  Based on a purchase price of $150,000 (no taxes, insurance or PMI, 30 year) your payments will be:  4% =      $715.50 4.25% = $736.50 4.5% =   $759.00 4.75% = $781.50 Based on the above examp... 06/21/2013

Recently attended a seminar from FICO on the impact that foreclosures and short sales are having on overall credit scores.  What I found extremely interesting is that if a person had an average credit score (around 680) the impact to that score was lessened than someone with a stellar score of 800 and above.   It takes more time for someone with pristine credit to recover than someone with just average credit in the system. People with pristine credit are more dramatically effected! The following tables gives examples on four different consumers of the type of FICO 'hit' one would take for each type of negative such as a short sale, foreclosure, etc. Seems the 'short sale with deficiency' causes the same credit re-score negative that a foreclosure does.  Obviously this is just a simulat... 06/18/2013