CONDOChicago.com Newsletter: Feburary 2004
Specializing in Chicago condo & loft living

Visit www.CONDOChicago.com to see the best in Chicago properties online. View our featured listings or search from our database of over 60,000 Chicagoland townhomes, condos, lofts, and more. Here are two featured listings...

Real Estate Market Will Remain Strong

Good news… all indications show that the real estate market will remain strong and steady. Let’s review the forecasts of some of our industry leaders.

Consumer confidence should continue to increase in 2004. Although the National Association of Realtors predicts an annual real estate growth of 3.5-4%, a bit off the average of 4.2%, other experts predict the annual growth at 4-5%.

Buyers will continue to get into the market before interest rates go even higher. The chief economist of a national escrow company predicts that interest rates may go up to 6.7%.

The November elections should keep mortgage rates in check for 2004. The interest rates would have to reach 8% before the real estate market slows, probably not in the cards for 2004. New housing construction is at a 20 year record high, further illustrating continued growth.

Call us with questions

Stacy, Marty, David, Jennifer & Tim


Home Staging Tips

Click here to find out more In preparing your house to sell, ask yourself over and over if your house looks like someone else's dream house. Houses in move-in condition tend to be inviting to buyers; houses that are in like-new condition typically sell fastest and generate the best price because they outshine the competition. With that in mind, here are a few things to consider as you look over your place when getting ready to sell:

Foyer
Make sure it is clean and not cluttered with furniture. Clean light fixtures and the floor until they sparkle. Add a nice touch with a small entrance table with fresh-cut flowers.

Family-Living-Great Room
Put away all collections (figurines, fragile items, etc.) and store all political and religious mementos as well as any business, sports and personal awards. Remove all crowded furniture; open the room up and show lots of space.

Dining Room
Take extra leaf out of the table and put a nice tablecloth on it. Place a nice arrangement in center of table.

Kitchen
Remove all refrigerator magnets and items, including children's pictures from school. Stow all small appliances under cabinets to free up counter space.

Bathrooms
Downplay ceramic tile color with white towels and scatter rugs. Replace rusted sinks or cover up spots with touch-up paint. Repair or replace defective exhaust fans.

Bedrooms
Remove bulky furniture and voila!, the room will appear larger.

Closets
Clean out closets to make them appear as if there is plenty of room to spare. Donate those things to your favorite charity that you'll have to discard anyway when you move. Organize shelves and straighten shoes. Be sure that sliding doors operate smoothly on their tracks and that knobs on drawers are secure.

With these things in mind, you should be ready to stage your home for showing. Please click for more infomation on our Seller Services


Properties Available

2039 W. Crystal #2
Amazing two bedroom, two bath Wicker Park condo with approximately 1200 square feet of living space. Offered at $339,900.

3753 N. Clifton #3
Stunning three bedroom, three bath penthouse duplex in the highly coveted Wrigleyville area, approximately 2,000 square feet. New price $494,900. Open House Sunday, February 22- 1-3PM

221 E. Cullerton #928
Enormous designer luxury two bedroom plus den, two bathroom loft located in the South Loop. Price just reduced to $359,900- a great opportunity! Open House Sunday, February 22- 1-3PM

1362 N. Cleveland
Beautiful Old Town 4 bedroom, 3.1 bath single family home designed and built by Marcelle Friedes. Offered at $859,900.

933 W. VanBuren #321
Gorgeous West Loop two bedroom, two bath loft with outdoor terrace and garage parking. Offered at $287,900.


Remember, you can Search the MLS on CONDOChicago.com and feel free to use the "Refer a Friend" to pass this email on to someone who may be in the market. Stacy Karel (312) 278-8574, Marty Phelan (312) 278-8528, David Silverman (312) 278-8507, Jennifer Koerner, 312-278-8515, Tim Smith (312) 278-8559
Stacy@CONDOChicago.com • CONDOChicago.com