Skokie Real Estate & Much More!

Lincoln Towers| 7601 Lincoln| Skokie Condos| Skokie Real Estate

 

 

Skokie Condos| Lincoln Towers| 7601 Lincoln

The Skokie Condos at 7601 Lincoln is todays Skokie Real Estate Post Topic! The Lincoln Towers is a great example of Old vs New for Skokie Real Estate and Skokie Condos..The exterior of the Skokie Condos at 7601 Lincoln isn't a eye catching masterpiece, and the common ammenities are way outdated, but what you lack in Exterior appeal and Common areas ammenities you make up with SQUARE FOOTAGE!!  These Skokie Condos at 7601 Lincoln are HUGE and the prices are LOW!!!  The units in this skokie condo building have central air/heat, in unit washer dryers, outdoor pool and several of the units come with 2 indoor parking spots!! 

When you compare the Newer construction skokie condos, you are paying up to anywhere from 3x - 5x the amount and for much less square footage.. Sure you get the sharp looking exterior and modern ammenities with the newer buildings but you surely dont get the square footage

Skokie Real Estate| Lincoln Towers| 7601 Lincoln
Built in 1977
Total Number Of Units: 76
Pet Friendly: No
Common Ammenities: Outdoor Pool, Workout Room(very outdated), Party Room
Building is managed professionaly
1bed/1bath Layout
2bed/2bath Layout (1500sq ft -- 1900 sq ft )
3bed/2bath Layout (1700sq ft -- 1900 sq ft ) 

Now if you are in the market for skokie real estate and skokie condos and you are looking for a young, hip building with a state of the art work out room,media room etc.. then this isnt the building for you. But if you are looking for a solid and well run building with great square footage and units that are priced unbelievably low, then these Skokie Condos are for you!

Skokie Real Estate Data 
Lincoln Towers| 7601 Lincoln
(As Of March 2011)  

Current Number Of Skokie Condos For Sale At Lincoln Towers: 4

Prices Range From: $139,000 -- $165,000

Average Listing Time: 200 days 

  

Number Of Skokie Condos at Lincoln Towers That Sold In Last 6 Months: 2

#409...2bed/2bath...2 indoor parking spots..$160,000
#512...3bed/2bath...2 indoor parking spots...$169,000 

 

Looking to Buy or Sell in the Lincoln Towers Building in Skokie? Please Contact Me today to set up a confidential listing appointment or a private tour of the Skokie Condos currently available in the Lincoln Tower.

Not looking for a condo at Lincolwn Tower? For all of your Skokie Real Estate, Skokie Condos, and Skokie Short Sale needs, Contact Me any time day or night! Let my real estate experience, education and knowledge that sets me apart from my competiton work for you!

Jim Kontos
Broker-President-Skokie Real Estate Expert-Skokie Condos Expert
RE/MAX 1st Class Skokie
RE/MAX Skokie
Cell 630 327 9136
Office 847 674 9797
jpkontos@gmail.com
www.skokiehomes4sale.com
www.skokierealestate4sale.com
www.mychicagoshortsalesite.com  

 

  

 

Sold! | 4651 Elm Terrace|Skokie Real Estate

 

The Skokie Home at 4651 Elm Terrace was recently sold by me after being on the market with another broker for about 1 yr!
This 5bed/3bath 3000 sq ft Skokie Home was a rare find. True 5bedroom Skokie Homes are difficult to find and especially for a listing price of $429,000.. After a solid listing price and my standard aggressive online marketing campaign, I was able to get this home under contract in 30 days!  Considering the average listing time for Skokie homes is about 7 months, I would say this is pretty good! 

1) Are you looking to sell your Skokie home in a Timely and Cost Effective Manner?
2) Do you want to work with a broker who knows how to Aggressively Price and Market Your Skokie Home!
3) Do you want to work with a broker who has the Experience and Knowledge?
4) Do you want to work with a broker who tells you What You Need To Hear, Not What You Want To Hear?

If you answered YES to all four of the above questions, then please call or emal me to set up a confidential consultation about selling your Skokie home,or Skokie Condo.. You have nothing to lose by letting my explain why listing with me is the right choice!  Let my Skokie real estate experiene work for you!

Jim Kontos
President/Broker/Multi Million Dollar Producer/Skokie Real Estate Expert
RE/MAX 1st Class Skokie
3947 Dempster Skokie IL 60076
Cell 630 327 9136
Office 847 674 9797
jkontos@remax.net
www.mychicagoshortsalesite.com
www.skokiehomes4sale.com 

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Kosher Subway Opens In Skokie|Skokie Restaurants

 

The town of Skokie is home to a very large Jewish population.. From my experience, a big percentage of the Jewish population in Skokie and surrounding areas keep Kosher.. Several of my clients are Jewish and I have become very familiar with Kosher dining in Skokie and West Rogers Park over the years.. It only makes sense for someone to open a Kosher Subway.  From my understanding there are only a handfull of Kosher Subways throught the United States. This Subway is actually right next door to my Skokie RE/MAX office: RE/MAX 1st Class 3947 Dempster

Now for someone who doesnt keep Kosher or isn't familiar with Kosher Restaurants  and Kosher prices(usually more expensive than non kosher food), they might want to go to one of the other several Subways in Skoke.. There are No $5 footlongs here unfortunately..

However for those who keep Kosher, this is a great stop for a sandwich!

Looking to Buy or Sell In Skokie or the surrounding Northshore area? Please contact me for all of your Skokie real estate and Skokie Short Sale needs! Let my real estate experience, education, and knowledge that set me apart from my competition work for you! 

Jim Kontos
President--Broker--Skokie Real Estate Expert
RE/MAX 1st Class Skokie
3947 Dempster..Skokie Il 60076
Cell 630 327 9136
Office 847 674 9797

 

Real Estate Data June 2010|Skokie Homes For Sale

In the month of June, 2010 there was a total of 28 Skokie Homes homes that sold in Skokie IL.

 

Now, are you ready for the shocker?

42.3% of those homes were distressed sales; either short sales for bank owned foreclosures.  Actually most of the Skokie Homes that sold were foreclosures.  That number really surprised me.  I’m surprised more homeowners aren’t attempting to do a short sale rather than lose the home to foreclosure.  There are lots of reasons why a short sale is better than a foreclosure, so I’m not sure why anyone would just walk away from their home without even attempting to sell it for less with the bank.

The range in the price of homes went from $160,000 all the way up to $540,000, with the bulk of the homes selling in the $160,000 to $280,00 price range.  The irony is that will all of the appreciation, and now the depreciation, home values are back to where they were in 1999 

---------------------------------------------------------------------------------------------------------------------------

June 2010 VS June 2009 Skokie Real Estate Stats

 

In June 2009 There were 30 Skokie Homes that sold in Skokie IL.

 

33% of the Skokie homes that sold in June 2009 were Distressed properties: Either Short Sales or Distressed properties: There were more Short Sales in 2009 than Foreclosures. 

The range in the price of homes went from $126,000 all the way up to $900,000, with the bulk of the homes selling in the $126,000 to $260,000 price range.. Foreclosures and Short sales are on the rise from 2009 unfortunately

Please contact me for all of your Skokie Real Estate needs! Whether you are looking for Skokie Real Estate, Skokie Short Sales ,Skokie Homes let my Real Estate Experience, Education and Knowledge that seperates me from my competition work for YOU!

Are you behind in your mortgage payments? I specialize in short sales and I have been helping homeowners avoid foreclosure for several years.  Call me to see how doing a short sale on your property can help you through this difficult time. Let my short sale team help you avoid foreclosure! We are only a call or email away!!

  

Jim Kontos

President--Broker--Mulit Million Dollar Producer

RE/MAX 1st Class

 

3947 Dempster..Skokie Il 60076

Cell 630 327 9136

Office 847 674 9797

jkontos@remax.net
www.skokiehome4sale.com
www.mychicagoshortsalesite.com 

 

 

 

Short Sales vs Foreclosure|Skokie Short Sales

 SHORT SALE vs FORECLOSURE

In this Corner: FORECLOSURE

The foreclosure in Illinois is a Judicial Foreclosure . This means that the foreclosure must be approved by a Judge.  This means that if a person's home is foreclosed on, that they will actually have a judgment against them on their credit report.

A foreclosure will remain on a credit report in the public records section for 10 YEARS.  

The other issue with the foreclosure is that on loan application (for purchasing a new home), under Declarations, Section VIII it specifically asks a borrower if they have had a property foreclosed upon in the last 7 years.

The other issue with a foreclosure in Illinois is the Deficiency Judgment.  The lender has the right to ask the court for a money judgment against the previous home owner personally.

The home owner will most likely have 3 judgments, get docked at least 300 points on his or her credit report

.NO HOME PURCHASES FOR AT LEAST 7 YEARS!!!

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In This Corner: SHORT SALES

NOT A JUDGEMENT!!! BANKS DO NOT GENERALLY ASK FOR LOSSES BACK

If the home owner does go through a Short Sale and the bank does not request a money judgment, the homeowner's credit will be affected by as little as 100 points.

Purchasing another home can happen in as little as 24 months through Fannie Mae

Don't lose your home to foreclosure! If you or someone you know is dealing with financial hardship and is on the verge of losing their home, please contact me immediately!  Let my experienced Chicago short sale team help you avoid foreclosure.. Our help is only a phone call or email away! 

Whether you are looking to buy/sell Skokie Real Estate or interested in Skokie Short Sales or Skokie foreclosure property, please contact me.  Let my Skokie real estate and Skokie short sale experience, education and knowledge that seperates me from my competition work for you!

Jim Kontos
President/Broker
RE/MAX 1st Class..Skokie
Cell 630 327 9136
Office 847 674 9797
Office #2 312 643 2087
jkontos@remax.net

 

Disclaimer: *I am not a attorney and cannot give out any form of legal advice..This is a informative real estate blog written by a real estate broker experienced in short sales and foreclosures

Skokie Short Sales: What Exactly Is A Short Sale

The Skokie real estate market has changed significantly since I opened up my office in 2004.. Skokie Short Sales are at an unbelievably high level. In 2010, Skokie is experiencing a 30-35% short sale/foreclosure rate.. So basically every 3.5 out of 10 homes are a short sale or foreclosure.

SO........What Exactly Is A Short Sale?

A short sale is the sale of real estate in which the sale proceeds fall short of the balance that is owed on the propertys loan.  Basically, you are selling your home for less than what is left on the current loan balance.  Short sales arise when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a MODERATE LOSS (key words here), is better than pressuring the borrower. Both parties (Bank, Borrower) consent to the short sale process because it allows them to avoid foreclosure. Foreclosure involves hefty fees for the bank and MAJOR CREDIT RAMIFICATIONS for the Borrower.

One key thing to keep in mind is that a short sale in itself DOEST NOT always release the seller from the obligation to pay the remaining balance of the loan, known as the DEFICIENCY!!

  Are you behind in your mortgage payments?  I specialize in Short Sales and I have been helping homeowners avoid foreclosure for several years. Let me and my Chicago short sales team help you!  Contact us to see how doing a short sale on your property can help you through this difficult time. Help is only a phone call or email away!
Looking to buy or sell a Skokie home??  Please CALL or EMAIL ME for all of your Skokie real estate and Skokie short sale needs.. Let my experience, education and knowledge that sets me apart from my competition work for you!

Jim Kontos
President--Broker--Skokie Real Estate Expert--Chicago Short Sales Expert
RE/MAX 1st Class..Skokie
3947 Dempster..Skokie IL 60076
Office 847 674 9797
Cell 630 327 9136..
jkontos@remax.net
www.skokiehomes4sale.com

 

Skokie Real Estate: What you can expect to pay

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Hello Everyone

When I first opened up my RE/MAX office in Skokie in 2004, the Skokie Real Estate market was much much different.  The lowest price home you could find in Skokie was about $350,000, and the Skokie homes in this price point needed some work and updating!  Currenly there are skokie homes selling in Skokie for under 200k! This would have been unheard of a few years ago. To say the Skokie real estate market has tanked, would be the understatement of the year.

Unfortunately, times have changed and so has the Skokie real estate market. Skokie had taken a huge hit in these difficult times we find ourselves in.  One of the biggest reasons the Skokie real estate market has tanked is the amount of foreclosures and short sales that are in Skokie.  Currently, Skokie has a 30%-35% Short Sale and Foreclosure rate! That is incredibly depressing.  With the hight amount of Skokie short sales and Skokie foreclosures + recession + surplus of homes currently available + undecuated agents not knowing out to price homes = Current Situation We Are In

This is obviously great news for Buyers, but not for Sellers!

Skokie Real Estate Statistics: 

Price Ranges For Skokie Homes Currently For Sale

2 Bedroom Homes: ( 15 Homes for Sale)  $99,000 - $299,000

3 Bedroom Homes: ( 105 Homes for Sale) $167,000 - $499,000

4 Bedroom Homes: ( 52 Homes for Sale) $190,000 - $1,000,000

5 Bedroom Homes: ( 12 Homes for Sale) $249,000 - $1,200,000

 

Price Ranges For Skokie Condos Currently For Sale

1 Bedroom Condos: ( 48  Condos for Sale) $88,000 - $329,000

2 Bedroom Condos: (152 Condos For Sale): $80,000 - $749,000

3 Bedroom Condos: ( 60 Condos For Sale):  $119,000 - $1,375,000

Please contact me for all of your Skokie Real Estate and Skokie Short sale needs needs! Whether you are looking to Buy or Sell, Let my Real Estate Experience, Education and Knowledge that seperates me from my competition work for YOU!

Are you behind in your mortgage payments?  I specialize in short sales and I have been helping homeowners avoid foreclosure for several years.  Call me to see how doing a short sale on your property can help you through this difficult time. Let my Chicago short sales team help you avoid foreclosure! We are only a call or email away!!

 

Jim Kontos

President--Broker--Skokie Real Estate Expert--Chicago Short Sales Expert

RE/MAX 1st Class

3947 Dempster..Skokie Il 60076

Cell 630 327 9136

Office 847 674 9797

jkontos@remax.net

www.skokiehomes4sale.com
www.mychicagoshortsalesite.com

Skokie Illinois 101

 
Welcome to Skokie, IL

About Skokie
The Village of Skokie, Illinois, is located about 16 miles northwest of downtown Chicago and 12 miles east of O'Hare  Airport. Access to transportation is a key advantage in Skokie, with the Edens Expressway (I-94) spanning the community's western edge, seven Chicago Transit Authority and the 10 Pace suburban bus lines and the CTA's Skokie Swift Yellow Line rail line offering numerous options for public transportation.  To learn about Village of Skokie attractions, click here.

Skokie covers 10.2 square miles of land and is bordered by the Villages of Glenview and Wilmette on the north, the Village of Lincolnwood and the City of Chicago (West Rogers Park and Edgebrook neighborhoods) on the south, the Villages of Morton Grove and Niles on the west and the City of Evanston on the east. Weekly refuse collection, a highly engineered Storm-Water Runoff Control System and sidewalk snow plowing are some of the many unique Village programs that enhance Skokie residents' quality of life. Superior municipal services together with the nationally acclaimed Skokie Park District, superb Skokie Public Library, and preeminent North Shore Center for the Performing Arts in Skokie, exceptional Skokie Northshore Sculpture Park and OUTSTANDING SCHOOL DISCTRICT make Skokie an overall great place to live.. The Village is a recipient of a Governor's Hometown Award and has received "All America City" finalist distinction from the National Civic League.

In the last few years, the Village of Skokie has encouraged redevelopment in Downtown Skokie that now includes development of the Illinois Science + Technology Park on the 23.4-acre former Searle/Pfizer site.

The Village also participated in an expansion and renovation of OLD ORCHARD SHOPPING CENTER, and developed the North Shore Center for the Performing Arts in Skokie. 
Learn more about Skokie and all it has to offer by clicking here.

Please CALL or EMAIL ME or all of your Skokie Real Estate and surrounding Northshore area Residential and Commercial real estate needs!  I opened up my office in Skokie over 6 years ago and Noone Knows The Skokie Real Estate and Skokie Short Sale market  Better Than Me! Le my real estate experience, education and knowledge that seperates me from my competition work for you!

Are you behind in your mortgage payments?  I specialize in short sales and I have been helping homeowners avoid foreclosure for years.  Call me to see how doing a short sale on your property can help you through this difficult time. Let my Chicago Short Sales team help you avoid foreclosure! We are only a call or email away!!

 

Jim Kontos

President/Broker

RE/MAX 1st Class Skokie IL

Cell 630 327 9136

Office 847 674 9797

Office #2 312 643 2087

jkontos@remax.net