4936 N. Meade, Chicago

Extremely spacious classic Chicago bungalow on quiet, tree-lined street in Jefferson Park! This beautiful home has everything you need – large living room w/bay windows & crown molding, bright & airy kitchen w/room for dining table, 3 big bedrooms on the 1st floor and 1 expansive bedroom on the 2nd floor. Master bedroom features hardwood floors, 1/2 bath en suite plus walk-in closet and 2nd closet. Bedrooms 2, 3 and 4 have new carpet, fresh paint, and an abundance of natural light. Partially finished basement with wet bar, full bathroom, laundry room and plenty of storage space. Bonus sun room on the first floor can be used all year long as sitting area or mudroom. Incredibly well-maintained home also has open staircase, hardwood floors, central heat and AC, 2014 furnace, 2017 electric box. Both driveway & alley access to 2-car garage plus fenced in backyard. Home and garage roofs replaced in 2009. Blocks from schools, parks, restaurants, train & more. Priced to sell & move-in ready!

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10 Over $10 Million

Spring has officially sprung in luxury real estate. The new season has not only ushered in brighter mornings and longer days, but also a fresh collection of distinguished residences to call home. From a gorgeous Pacific Palisades traditional with enviable outdoor entertaining spaces to a lakeside Minnesota estate with a three-hole golf course and proximity to a park, these significant listings are the perfect luxe launching pads for setting off on springtime adventures…

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8 Ways to Prepare Your Home for Winter

  1. Have your heating system serviced. Look for a heating and air-conditioning contractor that belongs to the Air Conditioning Contractors of Americaand employs technicians certified by the North American Technician Excellence (NATE) program.
  1. Check your roof for damaged or missing shingles.
  1. Caulk around windows and doors. Silicone caulk is best for exterior use because it won’t shrink and it’s impervious to the elements.
  1. Clean your gutters of leaves and other debris.
  1. Add extensions or downspouts to your gutters so the water runs away from your foundation.
  1. Turn off exterior faucets. Undrained water in pipes can freeze, which will cause pipes to burst as the ice expands. Start by disconnecting all garden hoses and draining the water that remains in faucets.
  1. Replace the air filter in your furnace for maximum efficiency.  Slowly pour several gallons of water into the sump pit to see whether the pump turns on. You should do this every few months, but especially after a long dry season or before a rainy one.
  1. Restock winter essentials, such as salt, shovels, antifreeze and ice scrapers.

REPresenting Warmth. REPresenting Property.

First Time Homebuyer Checklist

Buying your first home is an exhilarating experience! It may mean you’re growing your family or you’ve finally gotten that promotion that will allow you to make a big investment. However, it can also be a very stressful time. Through the help of your realtor, lender and other great resources, you can be fully prepared for this exciting transition. The following steps map out the best way to prepare for your home purchase:

9 Months Out

  • Check your credit score. A Federal Trade Commission study found one in four Americans identified errors on their credit report, and 5% had errors that could lead to higher rates on loans. Knowing in advance will give you time to fix any errors or raise your credit score if necessary.
  • Talk to a mortgage broker to find out what you can afford. Lenders look for a total debt load of no more than 43% of your gross monthly income (called the debt-to-income ratio). This figure includes your future mortgage and any other debts, such as a car loan, student loan or revolving credit cards. Look for a mortgage broker who will shop for a competitive loan rate for you among multiple lenders.
  • Prioritize what you want in your home and neighborhood. Unless you’re buying new construction, no home will have everything you want. In order to focus your search and find your ideal home, it’s important to know what you can and can’t live without.

6 Months Out

  • Contact your realtor to map out your timeline and discuss your goals. An agent will work in your best interest to find you the right property, negotiate with the seller’s agent and shepherd you through the closing process.

3 Months Out

  • Focus your search and start actively looking at homes. At this point, hopefully you’ve scoped out neighborhoods that interest you and browsed through potential homes online. Now your realtor will schedule times for you to go out and view the homes.
  • Work with your lender to get approved for your loan. He or she will most likely require your W-2 forms, pay stubs, tax returns, bank statements, credit card and loan statements, and more.

2 Months Out

  • Make an offer on a home. It usually takes at least four to six weeks to close on a home. If you have a firm move-out date, allow enough time to deal with any hiccups that can delay closing.
  • Get a home inspection. One of the first things you’ll do after an offer is accepted is have a home inspector look at the property. If the home inspector finds something that needs repair, that may cause you to restructure the deal and could delay closing.
  • Find a real estate lawyer. Your agent will most likely be able to recommend someone to you that he or she has worked with in the past.

1 Month Out

  • Stay in constant communication with your realtor, your lender and your lawyer. You’re in the home stretch and you want to ensure that everyone has their ducks in a row for closing.
  • Get insurance for your new home. Don’t forget to secure insurance before closing. You’ll need to provide proof of insurance on or before closing.
  • Do a final walk-through of your new home. This usually occurs the day of closing to make sure the home is in the shape you and the seller have agreed upon.
  • Get a cashier’s check or bank wire for closing. You’ll get the amount owed at closing a few days before closing so you can secure a cashier’s check or arrange to have the money wired. Regular checks aren’t accepted.

While this list might seem overwhelming, your real estate agent will be there every step of the way to walk you through it. Please feel free to reach out to me with any questions at Julia@reprealestate.com.

Information taken from Houselogic.com. Photo taken from City of Chicago. 

Rented! 1717 Dayton

1717 Dayton

1 bedroom

1 bathroom

Beautifully rehabbed unit on a quaint, tree-lined street in Lincoln Park. Only a few blocks from the Armitage L stop, the lake and an abundance of restaurants (including some awesome BYOBs!).

CLOSED 333 W. Hubbard, #2L

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333 W. Hubbard, 2L

2 Bedrooms / 2 Bathrooms

1237 Sq. Ft.

1 Garage Space

This 2 bed/2 bath River North condo was everything our buyer was looking for. It’s unique layout with an open concept kitchen and living room, large bedroom sizes and gorgeous bathrooms made for a stunning home practically tailor-made for our client – complete with a corner nook just large enough to house the baby grand piano!

This stunner is now off the market, but to view similar properties please contact grace@reprealestate.com.

Closed!

1109 N. Hermitage, #2

2 Bedrooms

2 Bathrooms

Gorgeous new condo in Wicker Park. Built in 2009, this property features luxury appliances, beautiful crown molding, a fireplace, a large deck and one garage space. Dark hardwood floors throughout and an abundance of natural light.

As REP Group agents, we respect and appreciate our client’s privacy. To inquire about pricing for similar properties in the area, please contact us directly at julia@reprealestate.com.

BUYING IS 35% LESS EXPENSIVE THAN RENTING

In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage throughout the 100 largest metro areas in the United States.

The updated numbers actually show that the range is from an average of 16% in Honolulu (HI), all the way to 55% in Sarasota (FL), and 35% Nationwide!

The other interesting findings in the report include:

Interest rates have remained low and even though home prices have appreciated around the country (3.9%), they haven’t greatly outpaced rental appreciation (3.7%). “In the past year, these two trends have made homeownership even more affordable compared with renting.”

Some markets might tip in favor of renting if home prices increase at a greater rate than rents and if – as most economists expect – mortgage rates rise, due to the strengthening economy.
Nationally, rates would have to rise to 10.6% for renting to be cheaper than buying – and rates haven’t been that high since 1989.
Bottom Line

Buying a home makes sense socially and financially. Rents are predicted to increase substantially in the next year, so lock in your housing cost with a mortgage payment now.

Original Source National Association of Home Builders