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All about navigating the real estate market. 

Found 9 blog entries about Real Estate Advice.

It's no surprise that the year-long shift to staying at home has changed the things that homeowners value in their houses. What today's buyers are looking to upgrade as they shop for a new home has really changed because of this, and has changed which homes get swept up sooner when they hit the market. So if you're looking to put some new life into your home, see below for today's top investments (which you won't regret whether you sell or stay!).

#1: Outdoor Spaces

Outdoor spaces has been one of the biggest motivators for post-pandemic homebuyers. According to a recent survey by HomeLight, a referral service which surveyed over a thousand of agents across the nation, by far the number one desired upgrade were fire pits. Next came…

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couch and table with cactus plant on it and a palm tree plant in the backround and an ar symbol on the right

What separates the homes that sell, and the homes that just can't attract that dream sale price?

The hard truth, as seen by our own experts, is that home sellers often underestimate the importance of arranging and decorating their properties to attract buyers. You'd prefer the buyers just use their imagination. You don't like the recommended set up and it's just hard to live with. But the reality is that blocking the advice of your real estate staging professional for lack of motivation or a couple weeks of inconvenience can cost a home seller thousands of dollars that should've been in your pocket - and we have stories to prove it.

how one seller made $25,000 on a piece of furniture

Let’s give an example. Our recent clients in Glenview, IL…

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These are the 3 Hottest Home Trends for 2021 According to Experts

bedroom decorated with bookshelves and art with bed lamps and plants
Jewel-toned colors are expected to be on trend.

Designers and Real Estate experts are weighing in on what will be in, and what buyers are bored of seeing, as we move in to 2021. Hint: it's going to be a lot different.

1. Color Trends

For a long time now, we've seen home colors shift from neutral beige to neutral grays, with white-and-gold combos making their way into the mix. Things are about to change in 2021: get ready for bolder colors.
Professional interior designers spoke to 1stDibs, a design marketplace, and announced that jewel tones and warm earth tones will be the hottest color trends of 2021, with an emphasis on cozier hues. This includes a special emphasis on…

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wintery Chicago skyline in the backgroud / ar

2021 Housing Market Outlook

2020 was the year of surprises. We saw an instant dip in the market when the virus news came to the US, only to turn around and witness one of the biggest booms in sales volume and prices in the last decade.

So what will 2021 hold? Are we headed for a crash, or will this keep going? Here's what experts are predicting.

Prices

Despite the price bubble being the highest we've seen in over 10 years, most economist are predicting continued increases that head towards stability. Realtor.com chief economist Danielle Hale says prices will rise another 5.7% above 2020’s already high numbers. CoreLogic deputy chief economist Selma Hepp confirms the continued home price appreciation. There is general agreement that rising…

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man and woman from the back embracing and looking at a house with a for sale sign in front of it which reads arhome realty 773.775.7700 arhomerealty.com / ar on the bottom right

Did you know? According to the most recent National Association of REALTORS® Profile of Home Buyers and Sellers study, Realtor®-listed homes have sold on average for 40% more money than For Sale By Owner homes.

How you go about selling your property can really impact how much money ends up in your pocket when all is said and done. Things like marketing price, time on the market, and staging can have a tremendous effect on how much you sell your property for.

For example: if you were to market your home at a too high price, you will likely not see a lot of activity because surrounding homes at similar price points will have better features and options. This will cause market time to run on the clock, and precious sale time to slip away. In the…

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kitchen with grey cabinets and white counters, plant in a gold vase on te counter / ar on the bottom right

In other words: How to get a higher price for your home. It's true - if your home stands out (in a good way), it attracts more buyers, gets more traffic, and that typically results in more interest, more offers and a higher end sale. It's important to make sure your home is truly ready for a home sale, to make the most of its market debut and get more buyers to fall in love with it. And while we generally don't recommend any major projects (exceptions abide - ask an arhome agent for the most profitable approach), the good news is there's a lot that you can control when it comes to making your home above-average. 

1. Maximize Curb Appeal

Curb appeal is one of those obvious checklist items that somehow gets overlooked in the end. Of course, it's…

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man and woman holding hands against a white wall surrounded by cardboard boxes and a green plant / ar on the bottom right

The average rates on 30-year fixed-rate loans hit record lows this week. Mortgage News Daily reports that the average rate for a 30-year fixed rate loan is just barely above 3%; for FHA loans, its dropped all the way to 2.75%.

That’s lower than we’ve seen in many, many years.

Why are rates dropping so low?

Of course, we know the COVID-19 pandemic is involved. But according to Fed chairman Jerome Powell, this has hit the economy in ways that are worse than any typical recession. Powell stated recently: ”The scope and speed of this downturn are without modern precedent and are significantly worse than any recession since World War II.” That’s powerful.

With predictions that our economy may not recover until the end of next year, the…

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Chicago skyscrapers surrounded by tulips / ar on the bottom right

Ever since COVID-19 news hit the world, the real estate market met a significant crossroads: many people were questioning if it was a good time to sell, for safety, and what would happen to our still-strong prices. Data now backs up that we did, in fact, see a halt in the market. Especially towards the end of March, there was a drastic drop in newly listed properties - less than half of the amount listed that week last year (keep in mind, before the pandemic hit, 2020 numbers were exceeding 2019 numbers). So yes, the response was strong.

There is still good news in all of this: first off, our data shows that as of May 4, 2020, median sales prices are still higher than 2019, and haven't seen any huge shifts aside from a small dip 2 weeks ago (see…

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laptop, mug, notebook, headphones, smartphone on a couch / ar on the bottom right

As the world is feeling the COVID-19 impact, it seems no industry is immune. Real Estate, above anything, is getting hit with the "worry" impact more than a physical industry disruption. Buyers nervous about job security are nervous about future mortgage payments. Sellers are nervous to let viewers inside their homes. Investors are nervous about future property values. Nervous, nervous, nervous.

But for those in search of the silver lining during these trying times, here's some good news: despite the Illinois mandatory shut down, the real estate industry is keeping up at a steady pace so far — and we have facts to prove it. For all those who need some industry encouragement, we've put together a list of positive local real estate news for our…

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