single family homes

22 Luxury Homes For Sale in The Glen

by

If you’ve thought about living in The Glen one day, now’s a pretty good time to make your move. There are currently 22 homes on the market for sale, and there are always some available rentals as well.

The Glen in Glenview Illinois is a very special place to live. This development, built on the former grounds of Naval Air Station Glenview, offers luxury homes of all varieties, first class shopping, wonderful restaurants, a movie theater, Gallery Park, Lake Glenview, 2 golf courses, and so much more.

There are several residential developments within the Glen offering properties of every variety, including single family homes, townhomes, condos, two-flats, and duplexes. Currently, there are 11 single family homes on the market ranging in price from $749,000 to $2,199,000. These are large homes, from 3,000 square feet to…well, to HUGE!

Ten luxury townhomes are for sale. They range from about 1700 square feet to 3840 square feet. The prices start at $469,000 and go up to $819,000. Incidentally, that home at $819,000 is a real showplace…and it even has an elevator!

One condo apartment is for sale currently. For $449,000 you can buy 1521 square feet of luxury living.

The Glen lifestyle is loved by all who live there. I guess I should have written “here” rather than “there” because, lucky me, I’m long time Glen homeowner. I’m also an award winning Realtor with @properties. Please call me with questions or if you would like look at any homes. I can be reached at Margaret.Ludemann@gmail.com or 847-401-1802

Margaret Ludemann

The Glen Realty Group, affiliated with @properties Residential Brokerage

Why a home sale falls through

by

Home sales are complicated. There’s a lot more to it than putting a buyer and seller together. Things can go wrong. Deals do not always close. And here are the top reasons why some home purchases fall through:

Inspection surprises. Each transaction involves an inspection by a licensed home inspector. Some are very good. Some, not so much. Among the “not so much” group you’ll find inspectors who identify numerous very small issues which, while not material, scare the heck out of the buyers, causing them to back out of the purchase.

Buyer financing. Even if the buyer is “pre-approved” by a lender, it does not guarantee financing. Sometimes when the lender looks more deeply into the buyer’s financial condition, they find issues that cause them to reject the mortgage application.

Low appraisal. During periods when homes are appreciating in value, appraisals are typically not a problem. In soft markets, though, it is not uncommon for a home appraisal to come in lower than the agreed-upon purchase price. In this case, lenders either choose to not make the loan or demand a higher down payment. The buyer can back out or seek a lower price from the seller.

Buyer remorse. Occasionally a buyer simply gets cold feet, and, unfortunately, he usually gets his earnest money back. Bad news for the homeowner and for the Realtor.

An experienced Realtor can help to minimize these risks, though failed transactions can happen to any seller and any Realtor. I even see this occasionally in The Glen (in Glenview, Illinois) where I live and work. The Glen is an upscale residential community with luxury homes…single family homes, condos, townhomes, two-flats, and duplexes. The price points are substantial, so we typically see qualified buyers who are serious about their home search. But, as I say, it can happen.

If you may be interested in The Glen or greater Glenview, please call or email me.

Margaret Ludemann, @properties Realtor, margaretludemann@gmail.com 847-401-1802

Home buyers…by the numbers

by

I’m a data freak. I love to sift through all kinds of numbers about the real estate market. And I think it makes me a better Realtor.

The Illinois Association of Realtors recently crunched it’s wealth of data to determine who buys homes in our state, and I thought you might be interested in the information it uncovered about home buyers. So here goes…

  • 69% of home buyers in Illinois are married, 17% are single women, 5% are single men, and 8% are unmarried.
  • The median income of a buyer (or married buyers) is just over $90,000.
  • 13% of buyers are veterans.
  • First time home buyers make up a little more than a third of the total (37% to be precise).
  • 92% choose a previously owned home; 8% buy new.
  • 14% of buyers are purchasing senior-oriented homes.
  • Home buyers expect to live in their homes for, on average, 15 years.
  • Particularly important to a Realtor like me, 86% use the internet during their home search; and they found photos to be extremely important to them. (No surprise there!)

It is important to understand, however, that there is no single real estate market in Illinois. These numbers include buyers in small towns, suburbs, and the city of Chicago.   Some buyers buy multi-million dollar single family homes while others purchase starter homes or condos. There are even multiple markets in The Glen (in Glenview Illinois), where I live and work. They are defined by home type and price point. To find a home in a market that is right for you (whether a community, a development, a neighborhood, or even a street), an experienced Realtor can inform and guide you.

Margaret Ludemann

@properties Realtor and Glen homeowner

847-401-1802   margaretludemann@gmail.com

Listing your home for buyers with children

by

In areas which cater to families with school age children, it’s important to time the listing of your home appropriately. The basic rule is that you need to get it on the market in time for buyers to close, get moved, and settle in prior to the start of the school year. Often sellers list their homes too late, and they miss the real estate market for buyers with kids.

Let’s take The Glen as an example. The Glen is an upscale housing and retail development on the former grounds of Naval Air Station Glenview in Glenview Illinois. It is home to a couple of thousand luxury homes of various types, including single family homes, townhomes, row homes, duplexes, condos, and two-flats. Prices in the Glen range from the high $300,000s to over $2 million.

Children in the Glen attend District 34 elementary and middle schools, including Westbrook Elementary School, Glen Grove Elementary School, and Attea Middle School. For high school they attend Glenbrook South High School in District 225. Naturally, there are wonderful private schools available in the area as well, but for purposes of this exercise let’s look at the public school calendar. From there, we will work backward to determine the best time to list your home.

The first day of District 34 schools for next school year will be August 23; for District 225, it will be August 25. If we assume a family would like to get their kids settled in their new neighborhoods to make friends two or three weeks before school starts, we’re looking at a move-in date of around the first of August. Prior to moving in, we can assume a time on market of a month or two…so to be safe, let’s say two months. After the agreement is signed, there is usually a 45 to 60 day period before closing. So, doing the math we find that getting a home on the market would be best to occur by early-April.

This means that home sellers in the Glen who wish to attract families with children should be moving rather rapidly to get their home ready to be listed. You need to find your Realtor and get your home prepared for showing. There’s really not a lot of time to spare.

I am an award-winning realtor who lives in and sells extensively in The Glen. If you are interested in selling, buying or renting in the Glen (or greater Glenview), please contact me right away.

Margaret Ludemann, @properties Realtor

847-401-1802  margaretludemann@gmail.com

Glen Town Center to get a nice facelift in 2016

by

The Glen is about to receive a very nice upgrade in 2016. The Glen is an upscale residential and retail development in Glenview Illinois on property that was once a naval airbase. It was developed beginning in 2010, and it continues today with new homes still being constructed.

I live a half block from The Glen’s main shopping and eating area called Glen Town Center. It’s filled with scores of boutiques and eateries as well as a theater, coffee house, and book store. Over time some parts of the sidewalks have shown their wear as freezing and thawing have done minor damage. And some of the trees along Tower Drive, the main street through the area, have suffered, too. Don’t get me wrong, the place still sparkles…I mean it looks TERRIFIC…but it’s going to look even better!

The updating planned for next year will feature new sidewalks, trees, other landscaping, and signage. My neighbors join me in my excitement for this project which will add to the already strong appeal for shoppers, diners, current residents, and yes to those who are considering living in The Glen. Plans have been created, vetted and approved by the Village Trustees. Work will being in March, and completion is forecast for September.

If you haven’t been to The Glen I urge you to stop by for a meal and shopping. If you’ve been here before I suggest you think about making it your home. We have single family homes, townhomes, row homes, two flats, duplexes, and condos. Home prices range from the high $300s to over $2 million. For more information about homes in The Glen, please contact me. In addition to being a Glen homeowner, I am an award winning Realtor focused on Glen properties.

Margaret Ludemann   @properties Real Estate

847-401-1802   margaretludemann@gmail.com