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For Professionals

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Karin Robison

"Bank Foreclosure Specialist- IL & WI"

1 Helpful Answer
3 Answers
1 Listing

Broker at Coldwell Banker

Locations:

Gurnee

Profile Link:

http://www.trulia.com/profile/krobison/

Overview

Listings (1)

Q&A (3)

Resume

Resume »

Specialties:

Bank foreclosure market (REOs)
Contract negotiations ... show more

About:

Having grown up in Milwaukee and now a long-time resident of Lake County, IL, I am a licensed broker associate in the states of IL and WI. I've acquired Having grown up in Milwaukee and now a long-time resident of Lake County, IL, I am a licensed broker associate in the states of IL and WI. I've acquired an in-depth knowledge of residential construction practices via construction management positions from 1986-1999, working for builders who specialized in a variety of home types from apartment buildings to new construction starter homes to large subdivisions of tract homes to additions in excess of $2,000,000 on Chicago's North Shore.
Selling real estate from 2000-2005, I later accepted a management position with a national subprime lender as their regional REO manager for the midwest (bank-owned properties' department). My staff was responsible for disposition of hundreds of foreclosed properties each month.
After gaining a broad knowledge of the secondary mortgage market (investor-owned pools of mortgages), I became a remote asset manager (selling foreclosed, bank-owned properties, still focusing on the midwest, but also other states such as AZ, FL, RI) for an outsource real estate company, working for major bank clients selling their repossessed/distressed properties.
This knowledge base has given me a unique insight into what the banks' needs are in selling their foreclosed properties, thereby making negotiations with the banks a much simpler, less stressful process for my buyers. Having sold literally thousands of properties for bank clients also taught me strong negotiation skills that work in any environment, not just with bank-sellers.
Last, but not least, my construction background creates an awareness of costs involved in repairs, updates, and renovations; and allows me to better present an accurate comparative market analysis to sellers when listing their properties, as well as guidance to buyers before negotiations begin on the property of their choice.
With core knowledge that applies to buyers as well as sellers, investors as well as homeowners, I've worked in many venues within the scope of residential real estate in both up and down markets, and bring a competency to the table that is reflected in client satisfaction.
If you have questions about real estate in general, or the NE Illinois and SE Wisconsin markets in particular, I'd love to hear from you! ... show more

Listings (1) »

1 results

3325 N 58th St #33…
$102,900

3 br 1 ba

Multi-Family Home

Recent Q&A »

I am partnering up with a notable North Shore architect to expand his existing new construction and

Asked Sun May 11 2008, 11:20 by destoria - Market Conditions in Lake Forest - 1 answer

Karin Robison answered:

There have been only 14 sales of properties classified as new or proposed construction in the past 6 months; 40 in the past 12 months. Currently, there are 70 such active properties, and another 5 under contract.
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Overwhelmingly, the majority of active, contingent, and sold properties are in the $1-2M range, and market time of solds for the last 6 months averaged slightly over 300 days on market, compared to 253 average dom for non-new construction units in the same areas (where average SP drops to $900K).
.
Of the 14 sales, 2 were short sales (no bank REOs). Among the actives, 4 are short sales, with no bank-owned REO properties noted. All but 1 sold property had finished basements, and average sale price to original list price was 86%.

Hope that helps! If you need more info, please let me know. - Tue Jul 14 2009, 21:24

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