South Loop Property for Sale | 1529 South State Street #12EG | 3 Bed | 2 Bath | $450,000

Listing Description

Offering incredible skyline views in two directions and a premium location (a short walk to Mariano's and to many parks and restaurants) in a doorman building, this spacious home offers plenty of room and is right where you want to be.

The wide-open living and dining spaces are full of natural light and beautiful wood flooring throughout with an effortless flow directly into the kitchen.

A private den with an enormous walk-in closet makes this ideal for working from home and provides copious storage space in the unit.

PLUS, two separate balconies bring even more opportunities for friends and family to gather.

Two Parking Spaces available for an additional $25k per space.

What Locals Say

• Late-night leisure

• Networking opportunities

• Trendy eats

• Very walkable

With easy access to Lake Shore Drive, I-55, and I-90/94, this is ideally located for commuters as well. This home is sure to go quickly – schedule your private showing today!

Interested? Get More Info Below.

Location:

1529 South State Street Unit 12EG

Chicago,IL 60605

 

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Hyde Park Property for Sale | 5340 S Hyde Park Blvd Unit 3A | 4 Bed | 2 Bath | $285,000

Don’t miss this gorgeous vintage property in the highly-desirable Hyde Park neighborhood. Offering the perfect location, this condo is just where you want to be, close to bus stations, Metra stops and all the shops and restaurants of 53rd St. Spacious and full of character, this bright space offers fresh paint, hardwood floors, a cozy fireplace and new windows. A roomy eat-in kitchen with brand-new dishwasher and plenty of counter space is perfect for the home cook. A rare-find in Hyde Park, this condo also offers its own separate laundry room. Bursting with charm and in an unbeatable location, this home is sure to go quickly – schedule your private showing today!

Interested? Get More Info Below.

 

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South Loop Property for Sale | 1717 S Prairie Ave #809 | 1 Bed | 1 Bath | $236,500

Located in the heart of the Prairie District in the South Loop, this bright and open apartment is right where you want to be. Offering a 24-hour doorman, fully-equipped gym and available party room, every amenity you could want is close by. The totally open-concept entertainment space is flooded with spectacular southern views and natural light that highlights the gorgeous hardwood floors. A roomy kitchen with bonus breakfast bar seating overlooks the cozy entertainment space and charming balcony through sliding doors. A comfy bedroom, walk-in closet and large bathroom with separate walk-in shower and soaker tub give plenty of space to spread out and relax. In this location, this home won’t last long – schedule your showing today!

Interested? Get More Info Below.

 

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Do I need to put 20% down to buy a home?

Most buyers think you need to put 20% in order to buy a home. That used to be the case because PMI was so expensive that it didn’t make sense to buy a home without 20%. Watch this quick except from my latest home buyer seminar where Michael Bencks debunks the myth and explains the cost of PMI and how you can make it work in your favor.

Roscoe Village Property for Sale | 1912 W Belmont Ave #2 | 2 Bed | 2 Bath | $450,000

Interested? Get More Info Below.

You don't want to miss this updated 2-bedroom in the heart of Roscoe Village. With just two other units in the building, you'll enjoy peaceful quiet in this gorgeous home. An open concept entertainment space brings together the kitchen, dining area, and family room - perfect for hosting family and friends. The refreshed kitchen boasts Sub Zero and Viking appliances (including a wine fridge!), and the spacious master bedroom is full of sunshine with a sliding door leading to a considerably sized deck. A totally renovated master bath is the perfect place to relax with jacuzzi tub and a luxurious stand-up shower with body sprays and steam shower. This must-see home is sure to go quickly - schedule your private showing today!

 

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How to Sell Your Home

Selling your home can be a stressful process but it doesn't need to be. Check out the video above to find out what you can expect while you are selling your home.

Chicago Property for Sale (Old Town) | 207 W St Paul Ave #3W | 2 Bed | 2 Bath | $465,000

Located in tree-lined Lincoln Park, this quiet top floor corner unit is in the perfect location near theatres, museums, night life and more. With beautiful finishes and plenty of character, you are sure to love the hardwood floors, natural light and gorgeous trim. New paint, refreshed bathrooms, a beautiful fireplace and large French doors offer plenty of charm and make you feel right at home. The completely updated kitchen brings plenty of cabinet space, modern high-end appliances as well as bonus breakfast bar seating. Relax the day away and enjoy a cup of coffee on your spacious private balcony. You don’t want to let this one pass you by – schedule your private showing today!

 

Interested? Get More Info Below.

How Long does it take to buy a home?

The home buying process varies for each family. However, each step of the process normally falls within a pretty tight range. Watch the video above to find out more about the home buying process and how long you can expect it to take for you!

Every home has a unique story and the TC Group would be honored to tell yours. We understand luxury real estate in Chicago. Our primary objective is to partner with you and achieve the highest net proceeds as quickly as possible. We pride ourselves on personal service and attention to our clients’ every need—our goal, for every transaction, is to create ecstatic customers. Selling a home in today’s market can be challenging and the TC Group understands this. In spite of a shifting market, hundreds of homes are sold each month in Chicago. What’s the difference between selling your home or failing to do so? The Details. We believe one of the best ways to capture prospective luxury homebuyers is to create cutting-edge content for engagement. Our videos focus on the endless premium amenities that the properties have to offer and an exclusive inside look at the homes – leaving prospective homebuyers craving more. https://www.tomcampone.com

To schedule a private showing of one of our properties call 702-528-2267.

Connection Matters, Get Social With Us:

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Chicago Property for Sale (Lincoln Park) | 2754 N Hampden Ct | 2 Bed | 2 Bath | $325,000

This luxury building in Lincoln Park is full of amenities with a 24-hour door staff, gym, party room and spacious rooftop pool. An open-concept floor plan offers plenty of room to entertain with easy sightlines and gorgeous skyline views. The large kitchen boasts plenty of cabinet space, high-end appliances including a built-in wine cooler and a spacious breakfast bar for bonus seating. Beautiful hardwood floors and plenty of natural light tie the whole space together. Two large bedrooms, each with their own bathroom, are the perfect place to relax after a long day. With modern finishes and a premium location, don’t miss your chance at this must-see home!

 

Interested? Get More Info Below.

Chicago Property for Sale (South Loop) | 1717 S Prairie Ave #2201 | 2 Bed | 2 Bath + Den | $500,000

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Look at those views

2nd bedroom

Interested? Get More Info Below.

2020 Chicago Real Estate Outlook

With the spring market in full effect, below is my outlook for the 2020 Chicago real estate market. Let me know if you have any other questions about the value of your home or the outlook for 2020!

The market will see slow but steady growth.

Most economists agree that the real estate market will see slow but steady growth through 2020, driven by low inventory and low interest rates. However, the expectation is that the growth rate this year will be between 1-3%.

Expect to continue to see less inventory.

Expect to see a decline in inventory in the city. A big factor for this is that development is not keeping up with demand. Many buyers currently looking for homes are looking in the low to mid-price point, where inventory constraints are more exaggerated. 

The key to growth in 2020 will be affordability.

There continues to be a growing demand for low to mid-range housing in Chicago, with very little inventory to show in that segment of the market. Although demographics are driving housing, Chicago’s inventory is not meeting the demand of the younger generations. Inventory is also tight in move-up segments of the market, which is further restricting entry-level housing.

Millennials are leading the housing market.

Demographics are driving the housing market, which bodes well for US homeowners where 60% of the population is under the age of 60. Millennials have the highest share of primary home mortgages.

Anticipate a pullback in construction throughout the city in most areas.

Housing construction throughout the city will see a decline for the second year in a row, although not in all neighborhoods. Areas with a population that is predominantly young and highly educated, such as Fulton Market are still seeing heavy action. 

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Chicago Property for Rent | 3033 N Sheridan Rd Unit 1606 | 2 Bed | 1 Bath | $2,250

Amazing 2bed/1ba with great views. Cable & internet included! 16th flr condo of 16 flr elevator bldg that is close to Lake Shore Drive. Fully remodeled in '05. Granite counters, glass top stove, dishwasher, in-unit European washer & dryer. Extra storage, tons of closet space, night door person, shared rooftop patio w/bbq grills, public laundry & more. All utilities included except electric. Superb neighborhood that is close to the Lake, golf course, tennis courts, running/bike path, driving range & more. Easy to walk to everything and lots of public transportation options. Parking $150 extra per month. See Link for virtual tour.

 

Interested? Get More Info Below.

Homes For Sale - Mount Prospect, Illinois - 325 Hatlen Avenue - 3 Bed | 2 Bath

This charming home offers three bedrooms, two baths and beautiful living spaces both inside and out. Enjoy an attractive, neutral color scheme accented by lovely natural light and gorgeous hardwood and vinyl flooring throughout. The fantastic kitchen boasts brand new granite countertops and stainless-steel appliances that are only three years old. Gather with friends and family for a delicious meal in the wonderful formal dining room conveniently located off the kitchen, then relax in the inviting living room with large windows and magnificent natural wood floors—newly done only five years ago. The finished basement boasts a wonderful living area with vinyl plank flooring and a full bath. Sit and take in the best of three seasons in the screened in sun porch which is fully insulated and includes a heater for the cooler months. Enjoy a peaceful night’s sleep in any of the comfortably sized bedrooms. Also find a spacious attached two car garage and attic with plenty of additional storage. The fully fenced, private yard is perfect for children to play and pets to roam. A new roof, new electrical panel, newer furnace and fresh paint sweeten the deal. Even more alluring in person. Come and see for yourself!

 

How To Price Your Home to Sell

Every time I meet with a seller one of the main topics we discuss is how to price their real estate to maximize the sale price while minimizing the time on the market. Most people have the belief that pricing real estate a little higher than the market value will give them flexibility to negotiate when the right buyer comes along.

This is the conventional approach that most sellers take but I can show you with hard data that this approach leaves a lot of money on the table for the seller. Below I will show you how to price your real estate to put you and your family in a position of power throughout the selling process.

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While this is the most common approach to selling real estate, in almost every case the sales data proves that you will get more money if you start at or slightly below the market value. Buyers are more educated than ever so they can spot an overpriced piece of real estate as they’ve probably been searching for weeks or even months online.

What happens when you start above the market value is you get some traffic but the savvy buyers don’t come to see the unit as online viewings have taken the place of first showings. For all my listings I shoot 3D walkthroughs and listing videos so buyers can get a feel for the home before they come to see it.

What happens around day 25 is the traffic to your home decreases dramatically. Why is this? Put yourself in the shoes of a buyer. They’ve been looking for months and a new property hits the market that looks like it might be the one. They rush over to see it in case it’s their new home. This is the same phenomenon with listings (just the reverse) so it’s not too surprising that about 80% of your traffic will come within the first 25 days of being on the market.

As the traffic dies down and we exhaust all our marketing channels (mailers, online advertising, reverse prospecting for buyers in the MLS, social media posts, email marketing, etc) it is time to take a price reduction to increase the traffic to the listing.

The challenge with reducing the price to the market value after it’s been on the market for a few weeks is that buyers no longer feel compelled to write a full price offer in fear of losing the property. Therefore they normally offer 5-7% below the new list price. At this point we’ve missed the opportunity to get the full market value for the property and lost most of our negotiating power. Inevitably, we will end up selling the property 1.5-3% below what we could have got if we had priced the unit at the market value from the start.

Below is the data from the past 12 months of condo sales for 1 bedroom and 2 bedroom condos in the South Loop. In the case of the 2 bedroom condos, units that took a price reduction sold for a median price of $516,250 vs units that did not take a price reduction which sold for $537,000. That is a massive difference to your bottom line.

I also ran this for 1 bedroom units to confirm the data. The median price for the units that took a price reduction was $315,000 vs $335,000 for units with no price reduction. That’s why it is important to get the pricing right from the start.

All this sales data doesn’t take into account the added expense of increased time on market. One bedroom units that had to take a reduction sat on the market on average for 75 days vs 39 days for units that didn’t take a price reduction. This additional 36 days cost the owners in taxes, assessments, insurance and mortgage interest. Not including the stress of their unit not selling and the inconvenience of having to show their unit more and keep their house in showing condition. The story is similar for the 2 bedroom condos which sat for an additional 74 days on average.

Pricing your home is an art and a science. It’s not easy to always hit the market on the head but by using multiple data sources (comps, price per square foot, active inventory, absorption rate, etc) we can triangulate a price range that should be acceptable to the market and should put the most money in your pocket.

I know that selling your home is stressful and my job is to get you the most money in the least amount of time. Valuing real estate is one of my strong suits since I have a quantitive background. If you have any questions about this article or pricing your home, reach out to me and we’ll set up a time to talk.

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I’d Like More Information

What is a refinance and should you do it?

You may have heard people talking about refinancing their home lately. This is because interest rates just decreased again and are expected to stay low for the remainder of the year. A refinance of a loan is simply replacing your current mortgage with a new mortgage with different terms. The terms of a mortgage are usually interest rate, term of loan (number of years) and PMI (private mortgage insurance).

When rates drop you will hear a lot of talk about refinancing because it is a great way to reduce your monthly payment on your mortgage. The biggest cost on your mortgage is your interest charge. Reducing your interest rate can have a drastic impact on your monthly cost. Depending on your situation, you could also eliminate the need for PMI which is a large cost to borrowers that put down less than 20% of the purchase price. If you’ve added additional principle to your loan over time this will further increase your potential savings.

What Drives Interest Rates?

The Federal Reserves uses monetary policy to indirectly change interest rates. The Fed can tighten or loosen the amount of money in the system through buying (loosening) or selling (tightening) bonds. This is an over simplified explanation but one of the most common tools the Federal Reserve uses. As the Fed makes these changes there is either more money in the system or less. If there is more money in the system rates typically go down.

Reasons the Fed Tightens or Loosens Rates

There are many reasons that that fed may tighten or loosen rates. Below are a few reasons they change policy:

• Economic data

  • Factors that Drive Rates UP

    • Non Farm Payrolls are higher than expected

    • Unemployment rate goes down

    • Better than expected economic data in general

  • Factors that Drive Rates Down

    • Jobs data stagnates or is in decline

    • Manufacturing is stagnant or slowing

    • Housing is weaker than expected

• Inflationary Pressure

  • Factors that Drive Rates Up

    • Higher consumer price index

    • Higher wholesale prices

    • Hourly earnings increase

  • Factors that Drive Rates Down

    • Lower consumer prices

    • Lower wholesale prices

    • Hourly earnings decrease

Why Refinance Now?

There are a lot of reasons to consider refinancing now. There are however some reasons to consider not refinancing. Talk with your lender to see if a refinance makes sense for you.

Pros

• Rates are currently near an all time low. If you are going to be in your home for a long time now is a great time to lock in a great long term rate.

• Refinancing can save you anywhere from a few dollars to a few hundred dollars per month depending on how much princinple you’ve paid off and your current rate on your loan.

• Refinancing can eliminate PMI depending on how much principle you’ve paid off and how much your home has increased in value. This can have a enormous impact on your monthly mortgage payment.

Cons

• Refinancing will put you back at the beginning of the interest curve. If you are making the base mortgage payment it takes about 7 years to start paying down the debt on your loan (this does not account for equity built through appreciation). If you refinance you are starting the 30 year mortgage from scratch and therefore the interest curve.

• Refinancing extends the term of your loan (unless you choose a shorter term). Therefore, if you had planned on matching your loan term to your retirement or another life event it will extend this time.

• Most lenders can refinance without closing costs but there may be costs associated with refinancing. You need to make sure that the math works in your favor depending on how long you plan on staying in your home.

99 W Park Avenue Unit A | 2 Bed | 2.1 Bath

This charming unit offers two bedrooms, 2.5 baths and wonderfully inviting spaces. New owners will enjoy quality fixtures and attractive finished throughout. The elegant formal dining room is perfect for entertaining, showcasing a gorgeous chandelier and large window. Every chef will love the thoughtfully planned kitchen featuring stainless steel appliances, plenty of cabinet storage, large pantry and a great gas range. Conveniently located just off the kitchen, the utility room with washer and dryer keeps laundry out of sight. A wonderful spot to relax, the living room is bright and inviting. Gather for a casual mean in the delightful dining area just off the kitchen with sliding doors which lead out to a charming patio. Venture out to sip your morning coffee in the open air. Upstairs, find a spacious loft ideal as a den, additional living, playroom or hobby space. Enjoy a peaceful night’s sleep in the beautiful master bedroom with vaulted ceiling, walk-in closet and great en-suite bath with jetted tub and dual vanities. Also enjoy a two car garage, Central A/C. Convenient location in a great community!

1228 W Monroe St Unit 401 | 2 Bed, 2 Bath | Condo

Gorgeous 2 bedroom / 2 bathroom unit in the heart of the West Loop. This unit features granite countertops, stainless steel appliances and hardwood floors. Available September 1st. Garage parking available for $200. No security deposit, move in fee $1,000.

Every home has a unique story and the TC Group would be honored to tell yours. We understand luxury real estate in Chicago. Our primary objective is to partner with you and achieve the highest net proceeds as quickly as possible. We pride ourselves on personal service and attention to our clients’ every need—our goal, for every transaction, is to create ecstatic customers. Selling a home in today’s market can be challenging and the TC Group understands this. In spite of a shifting market hundreds of homes are sold each month in Chicago. What’s the difference between selling your home or failing to do so? The Details. We believe one of the best ways to capture prospective luxury homebuyers is to create cutting-edge content for engagement. Our videos focus on the endless premium amenities that the properties have to offer and an exclusive inside look at the homes – leaving prospective homebuyers craving more.

To schedule a private showing of one of our properties call 702-528-2267. Connection Matters, Get Social With Us:

Subscribe to our YouTube Channel: http://bit.ly/2UGPP8L

Facebook: http://bit.ly/2ZhfROB

Instagram: http://bit.ly/2UnEdT1

Zillow: http://bit.ly/2vA2Rnl

2432 W Chicago Ave Unit 1S | 5 Bed | 3 Bath Duplex

New construction 5 bed/3 bath duplex-down offers extra wide living space w/ a sleek modern design. Features of this special home include: kitchen cabinetry by LEICHT, Quartz countertops, Bosch stainless steel appliance package, Pella windows, JELD-WEN doors and Grohe/Hansgrohe plumbing fixtures. Additional desirable features: hardwood floors, carpet on lower level, Porcelain tiled baths w/Quartz counters, spacious master bath w/ huge walk-in shower, heated floors and double bowl vanity. Other highlights: closet organizers, Nest Thermostat, recessed lighting, large covered terrace (6x34) off main living area & garage rooftop deck (20x18). Garage parking include in price. Ideally located - this home is a short walk to boutiques, salons, shopping, coffee shops & restaurants. Also close by popular Smith Park, w/ recreational amenities for entire family. 10 minute walk to Western Metra stop. Non refundable move in fee $2,500. No security deposit.

Every home has a unique story and the TC Group would be honored to tell yours. We understand luxury real estate in Chicago. Our primary objective is to partner with you and achieve the highest net proceeds as quickly as possible. We pride ourselves on personal service and attention to our clients’ every need—our goal, for every transaction, is to create ecstatic customers. Selling a home in today’s market can be challenging and the TC Group understands this. In spite of a shifting market hundreds of homes are sold each month in Chicago. What’s the difference between selling your home or failing to do so? The Details. We believe one of the best ways to capture prospective luxury homebuyers is to create cutting-edge content for engagement. Our videos focus on the endless premium amenities that the properties have to offer and an exclusive inside look at the homes – leaving prospective homebuyers craving more.

To schedule a private showing of one of our properties call 702-528-2267. Connection Matters, Get Social With Us:

Subscribe to our YouTube Channel: http://bit.ly/2UGPP8L

Facebook: http://bit.ly/2ZhfROB

Instagram: http://bit.ly/2UnEdT1

Zillow: http://bit.ly/2vA2Rnl

HOMES FOR SALE - CHICAGO SOUTH LOOP - 1804 S Calumet | 3 Bed | 2.1 Bath

Don’t miss your chance at this bright & airy, beautifully maintained townhome!Located in the historic Prairie District, this 3-bed, 2.1-bath home is just a quick commute to Soldier Field, Lake Michigan, Museum Campus & so much more! With over 2,400 sq. ft. of thoughtfully designed living space, this spacious town home also offers a bonus room perfect for a child’s playroom or home office! Full of natural light, this stunning townhome has been customized w/unique details throughout the space, from the designer flooring to the crown molding, gorgeous fireplace, wainscoting details, arched windows & more. The open concept living space connects the living & dining areas to the chef’s kitchen, creating a true heart to this stunning home. The bright & beautiful kitchen offers plenty of storage in the custom cabinetry, modern stainless-steel appliances & bonus breakfast bar seating. A balcony off the kitchen offers room for a grill or bistro set. Fully equipped w/ in-unit laundry hook up & oversized single-car garage, this stunning townhome offers all the amenities you could need in the perfect location & is sure to go quickly! Schedule your private showing today!