Chicago Real Estate Reader

Thinking About Selling Your Home in Budlong Woods? Here’s What You Need to Know

March 18, 2024 by Goran Utvic Chicago Real Estate Broker Leave a Comment

Thinking About Selling Your Home in Budlong Woods? Here’s What You Need to Know

Are you a homeowner in Budlong Woods contemplating putting your house on the market? If so, you’re likely seeking insights into the local real estate market and how to position your property for a successful sale. Nestled within Chicago’s vibrant North Side, Budlong Woods offers a unique blend of residential charm and urban accessibility that appeals to a diverse range of buyers. Here’s an overview of what makes Budlong Woods an attractive market for home sellers, along with essential considerations as you embark on this journey.

Unveiling Your Home’s Value: Understanding the value of your home is crucial before listing it for sale. Budlong Woods has experienced steady appreciation in property values, presenting an opportune moment for homeowners to leverage this upward trend. Utilize available resources to accurately assess your Budlong Woods home’s value, taking into account recent sales data and the distinctive features of your property.

Selling As-Is: For homeowners looking to streamline the selling process and minimize upfront expenses, selling their Budlong Woods home “as is” may be a practical choice. Whether your property requires minor repairs or you prefer to avoid extensive renovations, selling as-is can attract buyers seeking a straightforward transaction.

Understanding Buyer Demand: Gauging buyer demand is essential for setting the right price and attracting potential buyers. Research market trends and collaborate with a local real estate agent to gain insights into the level of interest among buyers in the area. This information will help you tailor your marketing strategy to effectively target the most relevant audience.

Navigating Market Dynamics: Successfully navigating the Budlong Woods real estate market requires a nuanced understanding of local dynamics and trends. Partnering with a real estate agent specializing in the area can provide invaluable guidance throughout the selling process. From pricing your home competitively to developing a customized marketing plan, an experienced agent can help you navigate the intricacies of the market with confidence.

Highlighting Your Home’s Appeal: Showcasing the unique features and amenities of your Budlong Woods home can capture the attention of potential buyers and set your property apart from others on the market. Whether it’s emphasizing the neighborhood’s tranquil residential streets, proximity to parks and green spaces, or access to public transportation and amenities, highlighting what makes Budlong Woods special can resonate with buyers searching for their next home.

In Conclusion: Selling your home in Budlong Woods presents an opportunity to capitalize on the neighborhood’s appeal and dynamic real estate market. By understanding your home’s value, gauging buyer demand, and collaborating with a knowledgeable real estate professional, you can navigate the selling process with confidence. Whether you’re considering selling as-is or maximizing your home’s potential, Budlong Woods offers a range of opportunities for homeowners looking to make a move.

For a complimentary home value assessment and personalized insights into selling your Budlong Woods home, click here.

Goran Utvic - Real Estate Broker/Construction Consultant, My Internet Marketing Strategies and Negotiating Expertise = Best Price For You When Buying or Selling a Home!

Call Now (773) 273-9155

Licensed Real Estate Broker in: Illinois HomeSmart Connect Real Estate 7240 W Devon Ave Chicago, IL 60631

Check Out Some of My Content Below
Chicago 2 Flat Conversion From Start to Finish
Chicago 2 Flats What To Look For When Viewing Before You Buy
Digging Basement of a Chicago 2 Flat
Why Buying a House With an Unfinished Basement is Better
Chicago 2 Flat Renovation - What is a Scope of Work and How to Get One

Considering Selling Your Home in Bowmanville? Here’s What You Should Know

March 17, 2024 by Goran Utvic Chicago Real Estate Broker Leave a Comment

Considering Selling Your Home in Bowmanville? Here’s What You Should Know

Are you a homeowner in Bowmanville contemplating putting your house on the market? If so, you’re likely seeking insights into the local real estate market and how to position your property for a successful sale. Nestled within Chicago’s vibrant North Side, Bowmanville offers a unique blend of suburban tranquility and urban convenience that attracts a diverse array of buyers. Here’s an overview of what makes Bowmanville an appealing market for home sellers, along with essential considerations as you embark on this journey.

Unveiling Your Home’s Value: Determining the value of your home is crucial before listing it for sale. Bowmanville has seen steady appreciation in property values, making it an opportune time for homeowners to leverage this upward trend. Utilize available resources to assess your Bowmanville home’s value accurately, taking into account recent sales data and the distinctive attributes of your property.

Selling As-Is: For homeowners looking to expedite the selling process and minimize upfront expenses, selling their Bowmanville home “as is” may be a viable option. Whether your property requires minor repairs or you prefer to avoid the hassle of extensive renovations, selling as-is can attract buyers seeking a straightforward transaction.

Understanding Buyer Demand: Understanding buyer demand is key to setting the right price and attracting potential buyers. Research market trends and collaborate with a local real estate agent to gain insights into the level of interest among buyers in the area. This information will help you tailor your marketing strategy to target the most relevant audience effectively.

Navigating Market Dynamics: Successfully navigating the Bowmanville real estate market requires a nuanced understanding of local dynamics and trends. Partnering with a real estate agent specializing in the area can provide invaluable guidance throughout the selling process. From pricing your home competitively to crafting a customized marketing plan, an experienced agent can help you navigate the intricacies of the market with confidence.

Highlighting Your Home’s Appeal: Showcasing the unique features and amenities of your Bowmanville home can capture the attention of potential buyers and distinguish your property from others on the market. Whether it’s highlighting the neighborhood’s tree-lined streets, proximity to parks and recreational areas, or access to public transportation and amenities, emphasizing what sets Bowmanville apart can resonate with buyers searching for their next home.

In Conclusion: Selling your home in Bowmanville offers an opportunity to capitalize on the neighborhood’s appeal and dynamic real estate market. By understanding your home’s value, gauging buyer demand, and collaborating with a knowledgeable real estate professional, you can navigate the selling process with confidence. Whether you’re considering selling as-is or maximizing your home’s potential, Bowmanville presents a range of opportunities for homeowners looking to make a move.

For a complimentary home value assessment and personalized insights into selling your Bowmanville home, click here.

Considering Selling Your Home in Avondale? Here’s What You Need to Know

March 17, 2024 by Goran Utvic Chicago Real Estate Broker Leave a Comment

Considering Selling Your Home in Avondale? Here’s What You Need to Know

If you’re a homeowner in Avondale weighing the decision to sell your house, you’re likely seeking insights into the local real estate landscape and how best to position your property for a successful sale. Avondale, nestled in Chicago’s northwest side, offers a unique blend of urban charm and cultural richness that can appeal to a wide range of buyers. Here’s a closer look at what makes Avondale an enticing market for home sellers, along with key considerations as you embark on this journey.

Unlocking Your Home’s Value: One of the first steps in the selling process is understanding the value of your home in the current market. With Avondale experiencing steady growth in property values, homeowners are poised to capitalize on this upward trend. Utilize tools and resources to assess your Avondale home’s value accurately, considering factors like recent sales in the area and the unique features of your property.

Selling As-Is: For homeowners looking to streamline the selling process and minimize upfront expenses, selling their Avondale home “as is” may be a viable option. Whether your property requires minor repairs or you prefer to avoid the hassle of extensive renovations, selling as-is allows you to attract buyers who are willing to overlook cosmetic imperfections in exchange for a simplified transaction.

Understanding Buyer Demand: With Avondale’s reputation as a desirable neighborhood on the rise, it’s essential to gauge buyer demand in the area. Research market trends and work with a local real estate agent to gain insights into how many buyers are actively seeking homes in Avondale. Understanding buyer preferences and demographics can inform your pricing strategy and marketing efforts to effectively target potential buyers.

Navigating Market Dynamics: Navigating the Avondale real estate market requires a nuanced understanding of local dynamics and trends. Partnering with a real estate agent who specializes in the area can provide invaluable guidance throughout the selling process. From pricing your home competitively to developing a tailored marketing plan, an experienced agent can help you navigate the complexities of the market with confidence.

Maximizing Your Home’s Appeal: Highlighting the unique features and amenities of your Avondale home can attract buyers and set your property apart from the competition. Whether it’s showcasing the neighborhood’s vibrant arts scene, proximity to trendy dining spots, or access to green spaces and parks, emphasizing what makes Avondale special can resonate with potential buyers seeking a place to call home.

Conclusion: Selling your home in Avondale presents an opportunity to leverage the neighborhood’s appeal and vibrant real estate market. By understanding your home’s value, gauging buyer demand, and working with a knowledgeable real estate professional, you can navigate the selling process with confidence. Whether you’re considering selling as-is or maximizing your home’s potential, Avondale offers a diverse range of opportunities for homeowners looking to make a move.

For a complimentary home value assessment and personalized insights into selling your Avondale home, click here.

Sell House as-is in Chicago

February 17, 2022 by Goran Utvic Chicago Real Estate Broker Leave a Comment

If you want to sell your house as-is in Chicago there are a few things you should consider.

For one you need to make sure to hire someone that has sold homes that are in need of work to buyers that understand that you, the homeowner, will not make any repairs to the house and that they have to take the house the way it is.

Not every real estate Broker knows how to sell a house as-is in Chicago and market it to the right type of buyer. You also have to try and avoid the WE BUY HOUSES, We Buy For Cash companies that you see on TV commercials or that are cold calling you with a cash offer…these companies will offer you a quick close for cash but for a crazy low offer amount. They will then take the house and sell it on the MLS with a real estate Broker because now it is illegal for someone to sell multiple properties a year without being licensed in Illinois. These wholesalers lock you in at a low price and then sell for much more with little to no work being done on the house.

These companies will try to scare you into thinking that only a cash buyer will take your house and for a very low amount…Before you fall for this please, do yourself a favor and call me to take a look your house first. 773-273-9155 I am an as-is homes sales specialist selling properties to buyers that will take houses in any condition and they’ll pay a fair market price for your Chicago house.

Find Out What Your House Can Sell For Below

The key to selling your house as-is in Chicago for a fair market price is in the marketing. Please watch the videos below where I show you how I put together a presentation to sell your house as-is. Through this exact marketing I get in contact with a lot of Investors that are fixing and flipping properties and new home builders too. With inventory being the lowest it has been in years, now is the best time to sell a house in Chicago as-is that might have issues like City of Chicago violations or even a house that is totally outdated but everything actually works and needs just a few things fixed to be a move-in ready house. Homes that need to be cleared out completely and even homes with no kitchen cabinets or working toilets.

Many homeowners who thought they needed to sell their house for cash and at a discount SO the Investor buyer would take it as-is no questions asked are realizing that you don’t need to sell for such a low price. I’m not saying that you are going to get the same amount of money for your Chicago house as the neighbor that had a great move in ready house, all I’m saying is that yes, you will take a hit if your house is in bad condition but not nearly as bad a hit like if you were to take one of the We Buy Houses companies type offer.

Watchout for We Buy Houses and Companies Like That — The Gran d-in-their-pocket View Homes is a Big One with the TV Commercials…they are really good at Buying for Cheap. They even have their own real estate brokerage.

Not only will they offer you something way lower, they will convince you that you have no other choice! That’s the sad part. They’ll tell you their offer is all cash and that you won’t pay a real estate commission, you won’t need to make any repairs that the buyers will ask you to do, and that they’ll pay all your closing costs and how that then justifies why their low offer is a better option for you. Less headache blah blah blah…

In reality the closing costs, lawyer and title fees, Chicago transfer taxes are about 3% and even with the commission for listing with a real estate Broker you’ll still net way more and you still wouldn’t need to make any repairs if you can’t or don’t want to. What I can guarantee you is the wholesale company will offer you no more that 70% to 80% of value for your house. That’s costing you 20-30%!

For that same $300,000 house that’s $60,000 to $90,000 meaning they will only offer you $210,000 to $240,000 for the same house you can sell with a real estate Broker that specializes in as-is sales for $300,000 and walk away with $273,000 instead.

Proof is in the pudding…call me today at 773-273-9155 and I’ll show you a few of the bigger companies and the prices they are selling the same types of homes that they got under contract for cheap yet they have the house listed on the MLS now at a higher price and they are paying a real estate commission too. The only difference is they already accounted for paying a commission and deducted that from the offer they made to the original owner.

The new wholesale law in Illinois does help stop some Homeowners from getting ripped off by the thousands of little guys that do this to get into real estate investing but it also allowed big companies to really take over the wholesaler market and in my opinion, it legally allows them to rip off homeowners. Again call me and I’ll show you what I’m talking about. 773-273-9155

as-is Homes Sales Specialist in Chiacgo — Goran Utvic – Real Estate Broker
HomeSmart Connect

Thank you for reading this post this far. I want to tell you a little about me. My name is Goran Utvic I’m a licensed real estate Broker born and raised here in Chicago and I do specialize in selling properties as-is. I’ve been licensed in Illinois since 2002. My background is in construction, my whole family is in construction and I got into it too at an early age. I used my knowledge in construction to further educate myself in Construction Management and help my clients find and remodel their homes.

I too invest in real estate rental properties as well as flip houses but being that I am licensed in Illinois I must abide by Illinois real estate law and avoid unethical behavior like buying a house for way below market and doing little to nothing to it and selling it for a huge profit. Whereas a “wholesaler” does not have to follow any laws other than prove that he has the cash to cover his offer amount to you and then use a real estate Broker to sell the house he got for a real good price only to turnaround and sell it for much much more. To me that is unethical whether you’re licensed or not and shouldn’t be allowed to happen.

Please watch the videos below and if anything in this post struck a cord with you please call or text me at 773-273-9155 I’d be happy to talk and or meet with you to discuss selling your house.

Find Out What Your House Can Sell For Below

Please give this video a “Like” below

Converting a Chicago 2 Flat Basement Into an Apartment to Help Pay For Your Mortgage

April 26, 2020 by Goran Utvic Chicago Real Estate Broker 1 Comment

Trending in Chicago… converting a Chicago 2 Flat basement into an apartment to help pay for your mortgage it’s a great way to pay your mortgage off quicker and easier. Home buyers have figured out that this is definitely better than renting.

Please Like & Share Below↓↓↓

The problem is most of the 2 flats in Chicago are tiny and not really appealing as far as layout and modern necessities go for a first time home buyer to consider it worth it, when making the transition from their current apartment to home ownership. The more affordable single family starter homes are way too small too and end up costing almost twice as much as their current rent.

The Solution… buying an existing Chicago 2 flat and converting the first and second floors into a new layout for the home buyer. The first floor would be the living room, formal dining room, large kitchen with island a pantry, and a half bath. The second floor would have 3-4 bedrooms with 2 full bathrooms and a laundry room.

The basement now becomes the 2nd unit with 2 bedrooms and 1 bathroom as well as and in unit laundry room.

Example… you buy a 2 flat in your desired Chicago neighborhood. For this example let’s say you want to live in Avondale. (Update: the median Chicago 2 flat price in Avondale for 2023 is $524,000). Update: 2023 cost for 2 Flat rehab conversion is approximately $325,000. With the higher rehab costs we have now, it’s best to try and stay below 400k with the purchase price. Rentals in Avondale for rehabbed units are now $2,100-$2,300…even with the 7% interest rates after renting the basement unit you’re looking at around $2,500-$2,900 mortgage payment…this doesn’t look as appealing as it did in 2020 but remember that these interest rates will go down and you can save around $700 a month for each percentage point the rates improve. Ideally if it comes back down to even 5% your mortgage payment after renting the basement could be below $2,000). In 2020 the median sales price for 2 flats in Avondale was $425,000. The cost for the rehab conversion was approximately $220,000. The mortgage amount $585,000 with a monthly payment of about $3,100. The median rent for rehabbed garden units in Avondale was $1550. That’s exactly half of your mortgage payment paid for and you get live in a newly rehabbed 2200-2400sf unit that you own. Rehabbed 2 flats were selling for $650,000 in Avondale in 2020 but now in 2023 they sell as high as $1,000,000… the formula works as far as getting a lender to fund the project.

You could increase the rental amount exponentially by doing a short-term rental like an Airbnb or VRBO. The short-term rental is definitely more work but you could easily get $150-$200 per night…book it for only 10 nights and now you have half your mortgage paid and only had guests in the basement for a third of the month. Some homeowners prefer that over having someone living there constantly or you could go all out and max it out for $4500+ during the peak rental times.

The Steps… start out by searching for all the available 2 flats in the Chicago neighborhoods your interested in. You can sign up for alerts below. Look for the right 2 flat, not all of them are the same. You want one that has good bones and as much of the exterior already updated as possible. You can go here for my contact info. I specialize in finding 2 flats that would make a great conversion in Chicago.

Get pre-qualified for the right type of loan. In order to do a 2 flat conversion you would need to get a renovation type loan like a HomeStyle or a Streamlined Renovation Loan. When you’re ready to do this let me know, I’ll introduce you to one of the best lenders there is in the Chicago area for these types of loans. Call or text me at 773-273-9155

You’ll also need to work with an architect that specializes in 2 flat conversions. Yep you guessed it, I can introduce you to my architect too.

Finally all this is for nothing if you don’t have a contractor that is not only reliable and experienced in doing the rehab but also has experience working with the loan officer to provide all the documentation required to get approval for your project. Yep…call me at 773-273-9155

A Little About Me… my name is Goran Utvic. I’m a real estate broker at HomeSmart Connect. I have helped hundreds of home buyers and sellers buy and or sell their homes.
I have over 25 years experience in the construction industry, certified in Construction Management and use this experience to help my clients with their 2 flat conversions. I have assembled a great team for 2 flat conversions in Chicago and would be happy to help you take advantage of this opportunity. If you have any questions regarding the process please feel free to call or text me at 773-273-9155

Check Out Some Videos of 2 Flat Conversions Below…

Subscribe to the Chicago 2 Flat Properties List