West Loop / West Town Market Status Update

As many people are already aware, the West Loop/ West Town markets have been in high demand with both new construction and resales. New condos, townhouses, and loft properties are under construction even today and the construction is expected to continue over the next few years.

Photo Jan 13, 4 15 21 PMPhoto Jan 13, 11 47 25 AM

Several well named businesses and tech companies like Google have made West Loop their new Chicago headquarters. Infrastructure improvements continue in the area with easy access to downtown via the Green and Pink EL Lines and several bus routes, along with it’s proximity to commuter rail lines centralized via Union Station and Ogiville Station. Several freeway systems intersect nearby. It’s also a very good area for those who want to walk or bike to work.

In addition, restaurant and entertainment options are plenty in these areas and it’s a growing area for young chefs and entrepreneurs in this area with a wide variety of tasty

food options and pubs. All this results in high desirability for home buyers and renters alike.

Newly Opened Nando's Peri-Peri

Newly Opened Nando’s Peri-Peri

Homeowners who wish to sale their property in the area at this time should see a decent amount of interest and traffic should they list at the correct prices. A professional real estate broker with years of experience in the market will be able to best help you determine that right price range to list your property. Currently, there is a smaller inventory available on the market than demand.

Would you like to know about about what your property is worth or how to best search for a property that will meet your needs? Contact Me

Zoning Use Certification for Un-Incorporated Cook County

Attention home sellers and buyers in Unincorporated Cook country regarding a new country ordinance (law) that was passed. The following was published by the Chicago Association of Realtors on Mar 23

“Unincorporated Cook County Zoning Use Certification Effective March 21
Please be reminded, as we’ve previously published, effective on March 21, 2015, prior to the sale of any property in unincorporated Cook County (except condominium or coop units), the Seller must apply to the Cook County Building Commissioner for a Zoning Use Certificate. The stated purpose of this new requirement is to help ensure that the parties in a real estate transaction have knowledge of the zoning and permitted use of the parcel in the transaction.
The Illinois Association of REALTORS® played a role in providing input to the building commissioner’s office on the form.
Pursuant to the new Ordinance: “The owner or owner’s agent or attorney shall make application using a form from the Office of the Building Commissioner.”
The following information items will be on the form:

Name, Address of the owner(s); if the owner is a corporate body, name of responsible officer;
Complete legal description of the property;
A current plat of survey of the property (if available);
Description of present use(s);
A certification that no construction has occurred on the property for which a permit is required without the issuance of such permit;
Proof of compliance with applicable Cook County ordinances pertaining to child support.
A fee of $100 must accompany the Application form.

Within 10 business days after the receipt of the Application, the Zoning Administrator of the County shall either issue the Zoning Use Certificate or deny the Application. Written reasons for denial will be stated. The Certificate will state that the property is being used consistent with applicable Zoning ordinances of the County.
A Certificate of Zoning Use is valid for a period not to exceed six months from issuance. As more information on the application process comes from the County, we will make that available through your local Association.

NOTE: Some municipalities in northern Illinois (including Chicago) have a zoning “check” or certification, like this, to make sure that all parties in a property transfer are aware of the zoning on the property. Some municipalities issue a letter to the prospective buyer to inform of the zoning.”

For regular updates on this and other issues relating to real estate in the Chicago area and Chicagoland, follow us on your favorite Social Media.

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Mobile Application For Buyer Home Search

Buyers for real estate are increasing demanding the ability to better access available listing inventory from their smartphone and other mobile devices such as an IPad. I am happy to make this mobile application available to our clients to use while on the go throughout Chicagoland that will help them have a better experience in searching for their next LoftNHome.

Find out how to get and use this application in this short video.

Local Broker Receives Certified Negotiations Expert Designation

loftsnhomes_bcard_back

FOR IMMEDIATE RELEASE

CONTACT: KYLE CHANG
MEDIA@LOFTSNHOMES.COM

LOCAL REAL ESTATE MANAGING BROKER KYLE K CHANG RECEIVES
“CERTIFIED NEGOTIATION EXPERT (CNE®)” DESIGNATION

Professional negotiation skills are necessary for all real estate agents
in helping home buyers and sellers, especially in the current market

Chicago, Illinois USA, September 29, 2014 – Kyle K. Chang, Managing Broker, Realtor, ABR, GRI, SRS of C&C Realty Group, Inc www.LoftsNHomes.com has been awarded the Certified Negotiation Expert (CNE) designation from the Real Estate Negotiation Institute (RENI). The CNE is earned by real estate professionals after successfully completing formal negotiation training over two days. Agents who receive this certification are among the top agents in the country in negotiation skills. With professional negotiation skills, agents are able to help clients obtain better results in the sale or purchase of their home. CNE agents have a higher skill level which enables them to 1) communicate more effectively to uncover desired information, 2) help clients understand their options, 3) work collaboratively with others, and 4) resolve deadlocks. CNE agents have a thorough understanding of how to negotiate effectively to help achieve their client’s goals.

Kyle K. Chang, Managing Broker, Realtor, ABR, CNE, GRI, SRS C&C Realty Group, Inc. www.LoftsNHomes.com

Kyle K. Chang, Managing Broker, Realtor, ABR, CNE, GRI, SRS
C&C Realty Group, Inc.
www.LoftsNHomes.com

About Kyle K. Chang, Managing Broker, Realtor, ABR, CNE, GRI, SRS

Kyle has been involved in real estate, starting with personal property management and income properties since moving to the Chicago area in 1996. A graduate of California Polytechnic University in Pomona, CA, he obtained his B.S. in Management with minors in Business Administration and Marketing. He has worked in a variety of industries that has helped developed his entrepreneur skills with such companies as Hyatt Hotels, Sears & Roebuck and McDonald’s Corporation, Wheels, Inc. just to name a few.

Kyle first obtained his Illinois Broker’s license in 2002 and worked for a local firm in the Lakeview neighborhood. Prior to coming on board as the managing broker for C&C Realty Group, Inc – LoftsNHomes.com in 2003, Mr. Chang ran the Chicago operations for a Financial Services firm based in Massachusetts and in a variety of technology & training positions for a Chicago based fleet vehicle leasing firm. He is also an expert marketing and operational consultant for the Retail and Hospitality Industries since 1996 and a contractor to work high level sporting events such as the Super Bowl and Olympics.

About C&C Realty Group, Inc. www.LoftsNHomes.com

C&C Realty Group, Inc. www.LoftsNHomes.com is a full service boutique brokerage with our main office located in the West Loop neighborhood of Chicago. Our brokerages handle transactions involving residential, commercial and property management areas of real estate. We represent buyers, sellers tenants and property owners. We use the latest technology to market our client’s property and to electronically transact and store property information and client data securely. We offer our brokers continuous training throughout each year. The firm was founded in 2003 in Chicago, Illinois, USA. For more information, please visit www.LoftsNHomes.com

Logo Certified Negotiations Expert

Logo Certified Negotiations Expert

About the Real Estate Institute:
The Real Estate Negotiation Institute is the leading negotiation training and coaching company in the real estate industry. Collectively, the Real Estate Negotiation Institute’s instructors have over 300 years of real estate and negotiation experience. Tom Hayman, the CEO and Co-Founder of the Real Estate Negotiation Institute, asserts: “Any Buyer or Seller who hires a CNE agent can feel confident they have one of the best trained negotiators in real estate. They should achieve superior results and have better resolution of all issues when represented by a CNE agent.”

For more information visit www.theRENI.com.

Chicago Area Market Update – September, 2014

Some great news for the economy and housing was published today regarding the local Chicago surrounding suburbs of Chicago that the local MLS MREDLLC.com services and maintains the data. What this suggest is that for seller’s who previously were not able to sell due to low prices, it might be time to re-consider. With the low interest rates expected to sustain in the short term (next 6 to 18 months) by the Fed., it is likely that the trend of multiple buyer offer for sales is also likely to sustain in popular neighborhoods. Keep in mind that this latest update does not necessarily apply directly to your specific property and / or local neighborhood. It is best in those situations to contact a real estate broker (like me) who is familiar with the properties that is more specific to your situation.

Source: MREDLLC.com September 29, 2014

“Most local markets continue to recover from a soft patch earlier this year. The macro trend is still positive; the micro trend involves more moderate pinching up and down the month-to-month timeline. This is not uncommon in a balanced market, but it’s been so long since we’ve seen one that we’re watching it with perhaps too much trepidation. Metrics to watch include inventory and prices, but also days on market, months’ supply and percent of list price received at sale. Declines in pending and closed sales activity may reflect strong decreases at lower price points and may not indicate softening demand.

New Listings in Chicagoland were up 4.6 percent for detached homes and 1.1 percent for attached properties. Listings Under Contract increased 4.6 percent for detached homes and 3.1 percent for attached properties.

The Median Sales Price was up 8.1 percent to $219,900 for detached homes and 9.3 percent to $177,000 for attached properties. Months Supply of Inventory increased 4.4 percent for detached units but was down 4.4 percent for attached units.

Sustained job growth, lower mortgage rates and a slow rise in the number of homes for sale appear to have unleashed at least some pent-up demand. Since housing demand relies heavily on an economy churning out good jobs, it’s encouraging to see second quarter GDP growth revised upwards to a 4.2 percent annualized rate and stronger-than-expected job growth in recent months. Further improvements are still needed by way of wage growth and consumer confidence but recovery continues.”

REALTOR® AWARDED SRS DESIGNATION

loftsnhomes_bcard_back

FOR IMMEDIATE RELEASE

Contact:
Kyle K. Chang, Managing Broker,
Realtor, ABR, GRI, SRS
E-mail: Media@LoftsNHomes.com

REALTOR® AWARDED SRS DESIGNATION

Chicago, Illinois, September, 23, 2014 — Kyle K. Chang with C&C Realty Group, Inc. www.LoftsNHomes.com, has been awarded the Seller Representative Specialist (SRSsm) designation, the premier seller agency designation in the country. The SRS is conferred by the Council of Real Estate Brokerage Managers (CRB) and is an official credential of the National Association of REALTORS®. Kyle joins an elite group of real estate professionals in North America who have earned the SRSsm designation. All were required to successfully complete a comprehensive course in seller representation, pass a comprehensive exam and subscribe to the REALTOR® Code of Ethics. As of the time of this press release, Kyle is one of 24 SRS Designees serving the Chicago land market.

Kyle K. Chang, Managing Broker, Realtor, ABR, CNE, GRI, SRS C&C Realty Group, Inc. www.LoftsNHomes.com

Kyle K. Chang, Managing Broker, Realtor, ABR, GRI, SRS
C&C Realty Group, Inc.
www.LoftsNHomes.com

Kyle has been involved in real estate, starting with personal property management and income properties since moving to the Chicago area in 1996. A graduate of California Polytechnic University in Pomona, CA, he obtained his B.S. in Management with minors in Business Administration and Marketing. He has worked in a variety of industries that has helped developed his entrepreneur skills with such companies as Hyatt Hotels, Sears & Roebuck and McDonald’s Corporation, Wheels, Inc. just to name a few.

Kyle first obtained his Illinois Broker’s license in 2002 and worked for a local firm in the Lakeview neighborhood. Prior to coming on board as the managing broker for C&C Realty Group, Inc – LoftsNHomes.com in 2003, Mr. Chang ran the Chicago operations for a Financial Services firm based in Massachusetts and in a variety of technology & training positions for a Chicago based fleet vehicle leasing firm. He is also an expert marketing and operational consultant for the Retail and Hospitality Industries since 1996 and a contractor to work high level sporting events such as the Super Bowl and Olympics. Currently, a large part of Kyle’s business is focused on Lofts N Homes around Chicago land whether it be representing buyers, sellers, landlords, investors or renters with his team of Brokers.

SRSsm is a wholly owned division of CRB and focuses specifically on representing the real estate seller. Founded in 1968, CRB is a not-for-profit affiliate of the National Association of REALTORS®. You may contact SRS by telephone, 800-621-8738, by e-mail, [CustomerService@SRSCouncil.com], or by visiting the SRS website, [www.SRSCouncil.com].

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