Sales of single-family homes around the Chicago suburbs continued to slide during the third quarter, as troubles in the mortgage market and high price have led to lower demand.

According to the Chicago Association of Realtors, a total of 12,728 homes were sold during the third quarter, the lowest total for the quarter since 1991.  It is also a 22 percent drop from the same period last year.

The number of unsold homes sitting on the market is increasing, leading to a record average turnover time for the area.  If you’re selling your home in the suburbs, it will take you an average of 121 days to find a buyer, a 45 percent jump from last year.

Despite the dramatic drop in sales, prices continue to rise around the area.  The average sales price now sits at $338,902, a 4 percent increase from last year.

However, if sales continue to hit new lows, sellers may soon be forced to drop their asking price to attract more interest from buyers.  Keep on the lookout for great deals on homes around the greater Chicagoland region.

Technorati Tags: Chicago Homes For Sale, Chicago Real Estate, Chicago Market Update

This article is accurately selfsame to refresh the scoop. You can lay your fingers on the facts here. They would diverge your thoughts.

You particularly need to read it thoroughly to have the exhaustive cognizance. This belletristic disquisition is clearly for you.

How to Qualify a Buyer

Okay. Be free in bringing out your conviction on this piece of literature of Chicago real estate agents.

The different write-ups onreal estate , may of great advantage for you. Be dead sure not to forget the sources on real estate at the close of this literature.

Does your customer or client need to be pre-qualified? I am a licensed Real Estate broker and Loan officer and here is how I did it before becoming a loan officer. No matter the state; math is still math. However, an agent can only pre-qualify a person to an extent. That credit report is a BIG must. The best thing to do is refer the buyer to a lender. If you are lucky you have an in house lender. Bless your heart.
I have found that a typical person can qualify for a home that is approximately 2 1/2 times their yearly income before taxes (include spouses yearly gross income if any).
Depending on the debt to income Ratio’s of 28% or 36% and some Refinances of 45 % along with the amount of the down payment and the amount of the property you are buying or refinancing, will be the determining factor in your ability to purchase. (not to mention credit reports) you should have a beacon score of at least 675 to even qualify for a sub prime loan. Obviously higher is better. unless were talking about a different kind of scoring system, (which is a whole other article).
Qualifying ratios are:
28%= total monthly debts
36%= living expenses + long term debts.
A prudent agent will Pre-qualify a prospective buyer as soon as possible and even before showing that possible buyer properties. Any agent that does not get a pre-qual may find out later that they have not acted in the best interest of the buyer or the seller.
Now past all that. The agent has two things that he may choose from.
1. Get the financial information from the buyer them selves to do the appropriate income/expense analysis. Minus the Credit Report. (which is never a good thing)
OR
2. Refer the buyer to a lender.
The last solution is always the best. It can help to speed up the loan process, also it can help you better decide on what contingencies to present an offer to the seller and what properties the buyer should be looking at.
Another benefit to Pre-Qualifying, is that you can weed out the serious buyers from the casual lookers. although you should be nice to the casual lookers and handle them with care, , they could come back later as pre-qualified buyers. but until then do not waste al lot of your time on them.
A good way to handle this is to talk to them about what they would like, ask how interested they are and tell them that your office likes to have pre-quals before you show properties. On the other hand, if they insist, try to schedule a time that you are the least busiest to show them a property.
You may say, “Yeah but they will go some where else, and someone else, will show it to them.”
True. And if they still are not pre qualified then someone else can waste their time and you can concentrate on the real buyers.
I have had both instances happen to me. Not withstanding the fact that I have learned, quantity of time spent with a person does not reap as many benefits as the quality of time spent with the right people. And saving time by not wasting it allows for more time with real customers with real money.
You can still be nice polite and give courtesy to everyone, You just have to require the same policy for everyone.

Although this is a fantastic article, I always wonder if it assists individuals in any way.

Many of the persons were benefitted by this report. But few were unfortunate.

As a connoisseur who is all hot for Chicago real estate agents, only you can rather figure out if this assists. One should be placid while reading because the final word could make a difference.

Thanks for reading. I hope the articles I write help all who read them and make a decision as to whether they like them or not. Most of all I hope it helps you to make up your mind as to the direction you need to go.
Author
Kawana Barnard

You may reproduce this material as long as you keep it in its original form giving all credit to the author.
You may also have it emailed to you by an auto mailer. Send message to Qualifying@agentguide2re.com
visit www.agentguide2re.com for more interesting original content.

Very well. Do you think this article worked for you in upgrading your intellectual abilities of Chicago real estate agents? I have full confidence that it did.

There is no limit for us. You will go through additional real estate articles. We will offer you with resources at the close of this material.

About the Author

Professional Real Estate Broker/Licensed Loan Officer
Entrepreneur/Writer

I expect you had a bliss scanning this stuff. We have made all our efforts to deliver you a fantastic piece of literature.

Check out the blog at Best Chicago Neighborhoods for great information regarding searching for a home in Chicago, Illinois.

This report is handily best for all the credentials. All the essence on real estate are obtainable here. This would transmute your apperception.

A huge fragment of wisdom may be acquired from this ballyhoo. Evaluate it for yourself.

“How to Transform a Boring Message Into A Killer Cover Letter”

Do you think this article is resourceful enough to meet the requirements of all individuals?

The report is meant to cater to those individuals who were hunting for Chicago luxury property. To few, it was Greek!

As a person who is all hot for Chicago luxury property, only you can fairly decide if this helps. Scan till the end to find if it works for you.

The AIDA formula is as old as dirt. It was taught when I was in school over a decade ago. And it’s still being taught for good reason - it works! When you apply it to your cover letter, it has the power to transform a regular cover letter into an attention-grabbing “Killer Cover Letter” that’ll make your phone ring off the hook.

AIDA is an acronym. It stands for Attention, Interest, Desire, and Action. It describes the process marketers want to take their prospect through in order to make a sale.

In this case, the prospect is the hiring manager and you’re selling yourself in the sense that you want the hiring manager to contact you for an interview. So I’m going to show you how to grab the hiring manager’s attention, create interest, arouse desire, and ultimately get him or her to take action (pick up the phone and call you for an interview).

By the way, I’ve tested this killer “System” so I know it works. Ready to get started?

Attention

The first thing you need to do is grab the reader’s attention. You must get the reader’s attention before he or she can become interested and desirous of your offer to come in for an interview. We’re all busy and we all have several things going on in our lives. So how do you cut through the clutter and grab the reader’s attention?

There are several ways actually. One way is to create an attention-grabbing opening sentence or headline as copywriters call it. Think of it like the headlines in newspapers and magazines. You choose which articles to read by quickly glancing at the headlines, don’t you?

So why not put an attention-grabbing headline on your cover letter? Most cover letters don’t have an attention-grabbing opening sentence so the mere fact that your cover letter even has a headline separates you from the pack and draws attention to your message, wouldn’t you agree?

Let’s say you’re walking along a crowded street and you spot a friend of yours on the other side of the street. Let say his name is Joe. How do you get Joe’s attention? You could start jumping up and down and yelling, “Hey! Over Here!” That might work.

A better way would be to yell “Hey Joe! Over Here!” That’d be more likely to catch Joe’s attention, wouldn’t it? Because he hears his name. Personalization increases response dramatically.

Now let’s take that thought and apply it to your headline. Adding personalization to your headline is a great idea. Use the recipient’s name right there in the headline. It makes the message more personal and increases the chance the message is read.

Let’s take that one step further. Say you’re looking for a job as a nurse and you know the hiring manger’s name is Susan. Susan is understaffed and looking for nurses. So give Susan an attention-grabbing headline to open your cover letter.

How about this, “Susan, Finally! A Nurse Who Can Do More Than Take A Temperature! But don’t stop there. Make it big and bold. Remember, it’s a headline. Make sure Susan notices the headline. Grab Susan’s attention.

How could Susan possibly not notice that headline strategically placed at the top of your cover letter? And you can take that simple concept and apply it to a cover letter to any hiring manager for any job.

Now that you’ve grabbed the reader’s attention with the opening sentence. Now we’ll get them interested, arouse desire, and get them to take action. Let’s get moving.

Interest

The next step is get the reader interested in what you have to offer. In this case, since you’re applying for a job, the goal is to get the reader interested in you, right?

So how do you do that? You feed them interesting facts. Like how much money you saved your previous employer. By telling them how you were at top of your class. Or that you were one of the top salespeople and the qualities you possess that enabled you to become a top performer.

Look at your past. There have to be some accomplishments you can talk about. And you must possess some strengths that enabled you to achieve those accomplishments. Don’t keep them to yourself. Tell the hiring manager. Create enough interest to make the reader want to know more. How else can they make an informed decision? You’re not helping anyone by holding back.

Desire

You’ve grabbed the reader’s attention and created interested, now you’ll arouse desire by describing the benefits the company will get if it “buys” what you’re selling (which is you). What are the benefits of hiring you?

You’ve got a proven track record. You possess qualities that have made you successful in the past and will continue to make you successful in the future. The hiring manger will be congratulated for making such an outstanding hiring decision. Those are some general ideas. I’m sure you can think of some that are more specific to you and your situation.

Fill in the details that apply to your situation. Do you have some special certification or accreditation? Do you have a specialized degree? Do you have unique and relevant experience that make you an ideal candidate for the job? Surely, there are several benefits you can use to sell the hiring manager on bringing you in for an interview.

Even if you’re trying to switch careers, my killer “System” will get you noticed. You’ll get interviews just because the hiring manger wants to meet someone who’d send such a creative cover letter.

Action

All right. You will feel satiated to scrutinize the subsequent paragraphs. You may be regular in order to gain the value of this piece of information. So, go on flipping through the pages.

All that’s left now is to get the reader to pick up the phone and call you. Don’t leave the reader hanging. You’ve grabbed their attention, created interest, and aroused desire. Now tell them what to do next. And don’t be timid. I like to use a subheadline - a headline within the letter. It looks like this:

Here’s What To Do Next

Can you be any clearer than that? I don’t think so. You could also use something like: “Here’s How To Schedule An Interview With Me ”

Then give them your contact information - all of it. Your phone number, fax number (if you have one), mailing address, email address, cell phone, etc. People are different and you don’t know what their preferred method of communication is so make it easy for them to “order” an interview with you.

Some people will want to pick up the phone and call you. Others prefer email. So give them multiple ways to contact you. That increases the chance they’ll contact you for an interview. And that’s what you want, isn’t it?

So there you have it, the AIDA formula. Apply it to transform stale, boring cover letters into Killer Cover Letters that’ll get the phone ringing off the hook.

Here’s What To Do Next

Well. Do you agree this piece of literature aided you in developing your mental ability of Chicago luxury property? I expect it did.

We have other stuff on real estate if you would like to scan. We guarantee you that the material will be accessible at the finish.

Hey, haven’t you seen that somewhere before? Well, if you liked this article, you’ll absolutely love my Killer Cover Letter “System.” You can get all the details at: www.CoverLetterGuru.com

To Your Extreme Success,

Robert A Phillips

About the Author

Robert is an author, speaker, and real estate entrepreneur(both on & offline). Robert applied his direct response marketing skills to develop a Killer Cover Letter System that produced 3 job offers in 72 hours. Please visit www.CoverLetterGuru.com to find out more about Robert’s Killer Cover Letter “System.” To request your FREE Report send a blank email to report@CoverLetterGuru.com

The closing word of this study, would let you understand the meaning of it. You would surely have been gained by it, if you could have read it till the close.

Source:

Technorati Tags: Chicago Illinois Real Estate, FSBO