Evanston, huge new construction is 33% cheaper!

Coldwell Banker Leader Realty announces it will be offering the exciting new loft project with never before seen space options and pricing packages. "This project is priced at $200.00 per square foot, our competition is priced at $300.00 per square foot and up." "If you are a buyer who has been waiting for a price reason to buy, this is the reason" says Lonny Porter, Developer of the 2100 Greenwood lofts. We have priced this project at a place where buyers can be fearless in making a buying decision. We are 33% less expensive than other Evanston new construction projects. To see the floor plan, Please call Earl Ruthman, Broker, Coldwell Banker Leader Realty. The space, price and amenities will excite even the most weary of home seekers.

This summer and early Fall the 27 new lofts will be ready for delivery in Evanston. The development, 2100 Greenwood, is being constructed in what once was the Main Steel building, which dates back to the 1950s. The loft renovation process involved preserving much of the original building design and also incorporates a lot of green elements in that material was recycled and reused for construction. There is plenty of exposed brick and steel, giving the lofts a classic, traditional look while still showcasing plenty of luxury finishes.
The lofts at 2100 Greenwood will range in size from 980 to 2,700 square feet with prices starting at $335,000. The condos, depending on what floor they sit, either have private patios, Juliet balconies or recessed terraces. A few even have both terraces and patios. A portion of the condos have dramatic, 20 foot ceilings and are also handicap accessible for those with disabilities. All come with one indoor heated parking space for your automobile.
Other interior details include a top of the line stainless steel appliance package for the kitchen, granite counter tops, kitchen island, and hardwood flooring. Buyers get a choice of select cabinet finishes and colors, tile and flooring. The development features a beautifully landscaped courtyard with brick paths, lighting and a building lobby with secure entrance.
2100 Greenwood is sure to be a popular choice for buyers in the market for a home in the suburbs, and the units there are comparable to many of the luxury condominium projects in Evanston and the city of Chicago neighborhoods such as Lakeview and Lincoln Park. Just look, we have taken the fear out of your purchase.

FHA loan limits increased! you can buy!

Great news for 1st time buyers, there are new increased loan limits for FHA purchases! You can buy a 2 or 3 flat building with minimal downpayment, you can buy with less than perfect credit, you can take advantage of the huge selection of available homes and very attractive financing packages that are available.

to look at the attractive selection of available area property go to http://coldwellbankerleader.com

to look at all the available financing packages, check out
http://www.yourillinoishome.com/financing/mortgageprograms.htm

Short Sale, Fact or fiction?

Everyone dreams about a bargain. In the real estate industry, handyman's specials, relocation sales, and yes, even foreclosure sales have been used as headlines by realtors to attract buyers in search of a property they can purchase at below market value. Nowadays, the new buzzword seems to be "short sale". I have been a real estate broker for 20 years now, and this term really has me shaking my head. My take on the process is something like this......
Realtor R approaches a seller who is having some financial challenges, and notes that the seller owes $400,000.00 on his mortgage. Realtor R feels that in today's market, the sellers home needs to be priced at $350,000 in order to be sellable in the current scheme of things. Realtor R advises the seller to list his property for $350,000, and Realtor R will negotiate with the mortgage holder (the bank) when a contract is written to accept less than is owed on the property so that the bank doesn't have to go through the process of foreclosing on the mortgage with the seller. Realtor R is negotiating a lower price for the buyer, he is letting the world know that the seller is having financial troubles, and he is asking the bank to take a loss on the mortgage that is owed, and at the same time asking the bank to also let him take his commission from the lowered procedes. Realtor R also says he is doing this to help save the sellers credit, even though the seller will have no equity from the closing. Sounds like a nice arrangement for Realtor R, and the purchaser, while the bank accepts a loss and allows for a commission, and the seller walks away from the closing with nothing.
I have been following listings that have been termed "short sales" in the multiple listing service of northern Illinois in Skokie, Lincolnwood, and West Rogers park for the past year, and what I have found is not surprising. There are currently 74 listings in these areas active in the multiple listing service with the term "short sale" in the remarks, and there have only been 3 properties that have actually closed. Not very good ratios of list to close.
What does this indicate you ask buyer's who are looking for a bargain? What this indicates to me is that if you see the term short sale in the remarks of a listing you are trying to purchase, the chances of you actually owning that property are somewhere between slim and none.
There are so many well priced properties on the market right now that can actually be bought. Why waste time and energy looking at the "short sale" pipe dream.
Go to http://coldwellbankerleader.com , and search our database of listings. Our sellers want their property sold!!!!