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Marnie J Beilin's Blog

By Marnie Beilin | Broker in Wilmette, IL
  • Home Buying Checklist: The Process Of Buying Your New Home

    Posted Under: Home Buying  |  May 2, 2013 8:58 AM  |  143 views  |  2 comments
    Once you've made the decision to buy a home, it's time to start thinking about what comes next. Every buyer needs a checklist that will guide them through the process of searching for the perfect home, evaluating their choices and making a purchase.
     
    Learn The Lingo
     
    When you set out to buy a new home, you will need to familiarize yourself with various real estate terms, conduct research on the market value of homes in the area in which you intend to shop and learn the art of negotiation. This information will help as you browse homes, talk with REALTORS® and get further into the buying process.
     
    Get A Free Credit Report
     
    Every 12 months, you are entitled to request a free copy of your credit report from each of the three major credit reporting agencies - Equifax, TransUnion and Experian. You should make this request before you begin looking at homes in order to allow yourself enough time to identify and dispute any inaccuracies in your credit file(s). When you approach a lender, you will need to make sure that everything is correct and up-to-date.
     
    Get Pre-qualified
     
    Pre-qualification is different than pre-approval in that it gives you a possible price range that you can afford, but does not guarantee you the loan. Pre-qualification is important because it will help you narrow your search to include only homes that you can afford. Knowing what you can pay beforehand will save you both time and disappointment in looking at homes that do not fit your budget.
     
    Speak With A REALTOR®
     
    Nobody knows the real estate business like a REALTOR®, so let them help you to find your new home. Based on your specific requirements, a REALTOR® can locate a home that will suit you at a price that's within your budget. When he/she finds one or more possible candidates, you will be invited to tour the home. At this point, you should take a camera for the purpose of later reviewing each house with visuals instead of relying solely on memory.
      
    Make An Offer
     
    Once you find the perfect home, make an offer that's less than you are actually willing to pay. This way, the seller can make a counteroffer that would hopefully still be within your budget. It's important to familiarize yourself with the art of negotiation so that can learn how to get the best deal without insulting the seller. If you have not yet been pre-approved, make sure that your offer is contingent upon your being able to obtain the necessary financing.
     
    Obtain A Loan
     
    Once you and the seller agree on a purchase price, you may be required to provide an earnest money deposit that will secure the home as you obtain a loan (if applicable). A lender will require a home inspection and appraisal for the property in connection with your loan application. In most cases, you will know within 24 hours whether or not your application is approved, but the actual closing will not occur until the inspection and appraisal are complete.
     
    Get Moving
     
    Now that the papers are signed and you have the keys to your new home, it's time to get moving - literally. Remember to decorate your new home and add all of those special touches that reflect your personality. After all, a house is only a house until you make it a home.
     

  • Spring Adventure

    Posted Under: Quality of Life in Richmond  |  April 4, 2013 12:45 PM  |  143 views  |  No comments

    So as my cabin fever is starting to subside I am coming up out of my hole looking for adventure. As someone that spends most if not all of my free time Sailing, on a motorcycle or an impromptu road trip - I had been craving an adventure as in Chicago it is not quite YET time get the boat in the water, get on a bike, or a quick road trip to see pretty pretty. SOON, very very soon all these thing will be in season, but not soon enough for me to get my Skeet Shooting on!
     
    So, after seeing some photos of a friend Skeet Shooting I was like that is it, that is what I want my adventure to be - and boy oh boy was it an adventure as I had never shot a 'shot gun' only hand guns, so there is lies the part adventure part satisfying my curious soul.  

    Some History on Skeet shooting, it was invented by Charles Davis of Andover, Massachusetts, an avid grouse hunter, in the 1920s as a sport called Clock Shooting. The original course was a circle with a radius of 25 yards with its circumference marked off like the face of a clock and a trap set at the 12 o’clock position. The practice of shooting from all directions had to cease, however, when a chicken farm started next door. The game evolved to its current setup by 1923 when one of the shooters, William Harnden Foster, solved the problem by placing a second trap at the 6 o’clock position and cutting the course in half. Foster quickly noticed the appeal of this kind of competition shooting, and set out to make it a national sport. The game was introduced in the February 1926 issue of National Sportsman and Hunting and Fishing magazines, and a prize of 100 dollars was offered to anyone who could come up with a name for the new sport. The winning entry was "skeet" chosen by Gertrude Hurlbutt.[1] The word "skeet" was said to be derived from the Norwegian word for "shoot" (skyte). During World War II, skeet was used in the American military to teach gunners the principle of leading and timing on a flying target.



     

    If you want to see a quick Youtube... http://www.youtube.com/watch?v=Ab7RzjSNYdE

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  • The North Shore Market Continues to be HOT!

    Posted Under: Home Buying in Wilmette, Home Selling in Wilmette, Property Q&A in Wilmette  |  March 21, 2013 3:11 PM  |  234 views  |  2 comments

    The North Shore market continues to be hot.  From January 1 to March 15, more homes have gone under contract on the North Shore than in any year since 1998 – and this trend shows no signs of abating.  This market firmly establishes that homes will sell, but the primary question on seller’s minds, understandably, is “But, how much are prices rising?”

     

    We are beginning to see a turn around in pricing, but it is important to keep in mind that Closed prices reflect the market as it was when the contract is written – which could be 60 days or more before closing.  So a home that went under contract in November, before the current market upturn, will most likely have a lower sold price than a home that goes under contract today.  So, please keep in mind that market appreciation could well be greater than any stats we might pull. 

     

    That said, the median sale price on the North Shore for the period from Jan. 1 to March 15 is up 4% over the same period last year.  Going back several years, the stats are as follows:

     

                                                            January 1 – March 15, Closed Listings

    Year

    Number Closed

    Median Sale Price

    2007

    414

    $675,000

    2008

    299

    $615,000

    2009

    237

    $520,000

    2010

    387

    $540,000

    2011

    345

    $490,000

    2012

    380

    $419,000

    2013

    444

    $435,750

     

    One more thing to remember, even though prices will continue to rise, it is apparent from the table above that we still have a long way to go before they are at pre-recession levels.

     

  • History of Wilmette, IL

    Posted Under: General Area in Wilmette, Home Buying in Wilmette, Home Selling in Wilmette  |  March 21, 2013 8:21 AM  |  197 views  |  No comments
    The present Village of Wilmette is distinct among North Shore communities because it was created by the 1924 merger of two older villages, Wilmette and Gross Point. The origins and development of these two communities differed, and this difference is still visible on the landscape. On the east, Wilmette developed on a wooded tract bordering Lake Michigan. On the west, Gross Point was the center of a German immigrant, farming community that spread across the open fields west of what is now Ridge Road.
     
    Native Americans were the first people to inhabit this region. European contact began with the arrival of French explorers three centuries ago. At that time, Potawatomi people were living in this area.
     
    Wilmette's road to incorporation began in 1869, a time during which the railroads played a crucial role in development, when a group of five men formed a land syndicate to promote residential development on the former Ouilmette Reservation. John G. Westerfield, the man who had originally farmed the land around the old Ouilmette cabin and later the village's first president, laid out streets and lots in his first survey of the Village. Despite this earlier platting of the Village, it was not until 1872 that the Village was incorporated. It was named after early settlers Archange and Antoine Ouilmette, although the spelling was changed.
     
    In 1910, the Northwestern Elevated Electric Railroad replaced the CM & St. Paul line, making electric train service to Chicago or Milwaukee available for the first time from the east side of the Village. This line was expanded north to 4th Street and Linden Avenue in 1912. In 1913, the railroad's architect designed and built a Prairie-style station intended to be a "high-grade artistic terminal to attract the better purchasers." This electric line is commonly called the "L" line and still operates.
     
    By 1940, the population of the Village had reached 17,226. In 1942, Wilmette's boundaries were further expanded when No Man's Land, the triangle of land near the lake and bordering Kenilworth, was annexed after years of legal and legislative battles. Zoning changes allowed high-rise apartment buildings to be built there beginning in the 1960s. 
     
    The Edens Expressway opened in 1951 and the postwar baby boom brought rapid change to west Wilmette. Farmland disappeared as new streets were platted and homes and parks sprang up. The Edens Plaza Shopping Center opened in 1956. Improvements to the highways made it more convenient to drive to the city, bringing about the demise of the North Shore Line in 1955 and the Skokie Valley Line in 1962. In 1953, a prominent Wilmette landmark, the Baha'i House of Worship, was completed forty years after its construction began.
     
    The population grew from 18,162 in 1950 to 32,134 by 1970. When the Village celebrated its centennial in 1972, there remained little vacant land. Wilmette had become a mature suburb, one whose coming challenges would be more of preservation and revitalization than of growth
 
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