Real Estate in Barrington & The Northwest Suburbs: Illinois: Barrington: Lake Barrington Shores

Sometimes Your Lake Barrington Shores Town Home Buyer Will Come From Just Around The Corner

In April I was contacted by a couple looking for waterfront property. The were renting in Lake Barrington Shores and had also lived in the city of Chicago. Barrington was the area they wanted to live in and the driving force was to find a waterfront home.

It's uncanny how things happen, my buyers found me through my Barrington web site but when we connected by phone we realized we had more in common. I am English and my buyers were English. Ah ah, some-one who'll understand my lingo!

We looked at single family homes but because they liked Lake Barrington Shores we also looked for a town home in the subdivision that had a spectacular waterfront view. It's a pleasure to work with buyers that know exactly what they want and stick to it, certainly makes my job easier, but I will stick with buyers for months until they find their perfect, or even not quite perfect but nearly, home.

In July my buyers decided an end unit town home in Lake Barrington Shores was best for them. It is only a half a mile from where they are renting now. The property does need some updating and some grand plans are in progress to put in a fabulous new kitchen and master bathroom. The town home they have bought is an Augusta floor plan which has the best sized kitchen of all the models. The kitchen below will be torn down very soon.

Location is about as good as you can get for waterfront. Just outside the deck is the walking path that will add muscles to your calves if you decide to go around the entire loop-a pleasant 3 mile walk, and the lake that glistens in the later summer sun. With fall just around the corner the trees will start to change and the colors will be glorious. What a view from every room.

Congratulations Richard and Mary on your Lake Barrington Shores town home purchase and to Rosie my favorite chocolate lab, another young girl who has flown across the pond-Atlantic Ocean-to be with Mom and Dad.

Contact:

Corinne Guest
Barrington, IL Realtor®/ Royal Advocate Realty
Info@CorinneGuest.com
(847) 363-3686

More information can be found at my Barrington IL Real Estate website. Research all the villages of Barrington, Deer Park, Inverness and Tower Lakes. Search all the Barrington Homes For Sale with no registration required. Sign up for new listings by email.

Providing buyers agent real estate services in the communities of the Barrington Villages, Palatine, Lake Zurich, Hawthorn Woods, Long Grove and Kildeer.

Copyright 2010 Corinne Guest All Rights Reserved  - * Sometimes Your Lake Barrington Shores Town Home Buyer Will Come From Just Around The Corner *

Getting Top Dollar For Your Lake Barrington Shores Real Estate - Market Report Update

Summer is hot yet coming to an end and schools will be back in session before the end of the month. Before we know it our thoughts will turn to preparing for Thanksgiving and Christmas.Perhaps for some of Lake Barrington Shores residents you'll be making plans to close up your home and head south for the winter. If you want to sell your Lake Barrington Shores real estate and get top dollar by the end of the year it may be time to review the market data.

You may also need to look at your pricing, condition, marketing to make sure everything is on track so you take advantage of the autumn sales period. We will look at market data first for trends in Lake Barrington Shores Real Estate and then the three things that will get your Lake Barrington Shores home sold. We will visit some of the aspects to review what might be missing.

Market Data - Pricing - Presentation - Marketing

Market Data

• There are 84 units for sale with an average marketing time of 194 days.
• There are 6 units under contract.
  
• This year to date there have been 30 sales with an average marketing time of 242 days.
• 3 homes were sold as foreclosures-i.e. bank owned units. No short sales this year to date.
  
• Units sold at 83% of the original list price-91% of final asking price-on average.
• Prices range from $150,000 to $479,000
  

Pricing

• Be sure your agent provides a market analysis before listing.
• Get a market analysis update after 3 months maximum.
• Look at your competitions pricing.
• Price with a sale in mind - not with emotion.
• Don't let an agent buy your listing i.e. they tell you what you want to hear.
• It might hurt but honesty is the best policy.
  

Presentation

• Location is established aside from desire for waterfront or golf course location.
• Spruce up the entrance way with seasonal flower pots.
• Neutral paint if you have loud colors.
  
• Have a hand in selecting the best photos-make sure you get lots taken.
• De-clutter. Yes I know you've heard it before.
• Be absent for showings. Go for a walk or to the clubhouse.

Marketing

• Ask agents how they are going to market homes-get them to show you.
• Pick agents with a good online presence - Google Lake Barrington Shores real estate and see what you find. Does it draw you in or are you lost by what you find?
  
• Ask agents if they attract buyers to Lake Barrington Shores real estate and if they have sold any.
• Ask your agent to keep you informed of progress-set a schedule.
• Test a Realtors response time to emails and phone calls. I recommend using a full time agent-they are more focused on getting the job done and will respond to inquiries promptly.

If the time has come for you to sell your Lake Barrington Shores real estate please contact me. As a buyers agent I have sold 215 Club Circle in June and have 947 Shoreline under contract soon to close. My web site attracts many buyers for Lake Barrington Shores-let me put your home in front of buyers today.

Copyright 2010 Corinne Guest All Rights Reserved - * Selling Your Lake Barrington Shores Condo Townhome or Duplex in Todays Internet Buyers Market *

Lake Barrington Shores Real Estate - Golf Course Condos and Townhomes - January 2010 Market Report

Activity in Lake Barrington Shores continues at a steady pace. The was only one closing in January of a unit listed at $269,900 and sold for $260,000 which represented a sale at 96% of the asking price. The seller held to their original asking price and sold the unit in 224 days.

During January 8 new condos and town homes were listed for sale in Lake Barrington Shores bringing the total available homes for sale to 49. Current prices range from $167,000 to $475,000.

During the last 6 months the average marketing time for all Lake Barrington Shores Real Estate listings has been 211 days. The average final list price to sale price ratio was 95% which is what we would expect. However the average sale to original list price ratio was 89%,  sellers still had to bring prices down before they got a sale.



Search Lake Barrington Shores Real Estate

Question - are there any units for sale in Lake Barrington Shores that are over-priced and how can you tell? Well if your unit has been for sale more than the average marketing time of 211 days, if your showings are slow to non existent, if you had many showings but no offers then you may well be over-priced. If you listed the unit for sale last spring, prices have fallen since then so your price if too high at that time will cewrtainly be too high now. We as Realtors know that this is a very hard pill to swallow, most of us are also home owners and have seen our own property values decline. However if you have to sell, holding your price if it is too high is not going to bring you a buyer. For a free market evaluation of your unit, feel free to call me at 847-363-3686 or visit my Barrington web site and fill out my request form on the front page.

Lake Barrington Shores Real Estate Duplex Wanted - Nicely updated 3 bedroom unit not on golf course - I have an extremely well qualified buyer waiting for a unit with 2 car garage.

This Lake Barrington Shores Real Estate Market Report will be updated in August 2010