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CHICAGO REAL ESTATE NEWS & MORE

HOW MUCH CAN YOU SAVE WITH HOMEOWNER’S EXEMPTION….VIEW COOK COUNTY TREASURER’S OFFICE WEBSITE

639 DIVISION ENTRY smallMany have asked…How much can I save on a homeowner’s exemption?  Well, it’s important to make sure you first apply for one or you could miss out on thousands in savings.   The website below actually breaks it down for you in simple terms and describes the many exemptions available.

This is an important part of the benefits of homeownership, so make sure to go this link and check your status.  In most cases, the senior citizen homestead/homeowner exemptions are most often missed.

Cook County homeowners may take advantage of several valuable property-tax-saving exemptions. There are currently four exemptions that must be applied for or renewed annually: The Homeowner Exemption, Senior Citizen Homestead Exemption, Senior Citizen Assessment Freeze Exemption, and the Home Improvement Exemption.

Homeowner Exemption

Taxpayers whose single-family home, townhouse, condominium, co-op or apartment building (up to six units) is their primary residence can save $250 to $2,000 per year, depending on local tax rates and assessment increases. First-time applicants must have been the occupant of the property as of January 1 of the tax year in question.

The Cook County Assessor’s Office now automatically renews Homeowner Exemptions for properties that were not sold to new owners in the last year.

In neighborhoods where assessments have increased sharply, this exemption also now can help buffer the reassessment and be worth as much as $2,000 ($20,000 in Equalized Assessed Value multiplied by the local tax rate).

This program is administered by the Cook County Assessor’s Office. New owners should apply to:

Cook County Assessor’s Office
118 North Clark Street, Room 320
Chicago, IL 60602
312.443.7550

You may find applications and additional information at: www.cookcountyassessor.com

Senior Citizen Homestead Exemption

Seniors can save up to $250 a year in property taxes, and up to $750 when combined with the Homeowner Exemption. For the 2012 tax year, the applicant must have owned and occupied the property as of January 1, 2012 and must have been 65 years of age or older during the year for which you are applying.

Senior Citizen Assessment Freeze Exemption

Qualified senior citizens can apply for a freeze of the assessed value of their property. Over time, in many areas, this program results in taxes changing minimally and often decreasing as surrounding properties continue to rise in assessed value. This is the most valuable homeowner exemption program. The value increases over the years as it eliminates the impact of regular reassessment increases that may occur every three years.

For the 2012 tax year, the applicant must have owned and occupied the home on January 1, 2011 and January 1, 2012 and have been responsible for the 2011 and 2012 taxes.

Home Improvement Exemption

Homeowners can make up to $75,000 worth of property improvements without an increase in property taxes for at least four years. The value varies depending on the reduction of the assessed value and the tax rates where the property is located.

There are also several state and city programs now available.

Senior Citizen Tax Deferral
The household income limit to participate in this program has increased to $55,000. This program works like a loan from the State of Illinois to qualified senior citizens, with an annual interest rate of 6%. Any portion or all (up to $5,000 per year) of the tax may be deferred until the house is sold or until the death of the taxpayer. To apply, contact the Cook County Treasurer’s Office at 312.443.5100.

Disabled Veteran Homestead Exemption
Administered through the Illinois Department of Veteran’s Affairs. Call 312.814.2460.

Circuit Breaker Program
Seniors and disabled citizens receive a state grant based on property taxes, nursing home costs or pharmaceutical expenses. For information, call the Illinois Department on Aging at 1.800.252.8966.

FULL SUMMARY OF SAVINGS exemptions – from the Cook County Treasurer’s Office…..http://www.cookcountytreasurer.com/services.aspx?ntopicid=24

February 23, 2013 Posted by | CHICAGO REAL ESTATE | , , , , , , , , , , , , , , | Leave a comment

BOLINGBROOK REAL ESTATE…BEST PLACE TO LIVE!

DINING ROOMThe Chicago suburb of Bolingbrook, Il has become one of the best communities to live in.  As a resident now for over 13 years, it was exciting to see the growth over the past decade.   An abundance of new retail shopping, movie theaters, and restaurants have moved into the neighborhood, offering convenience and a great selection.  There is also a variety of stunning affordable properties, available in many charming subdivisions throughout the area.

When they opened The Promenade with Macy’s as the anchor and the Ikea & Costco;  the area really flourished. The upscale IPic movie theater ,also in the open mall, is just like being in the heart of the city.  It offers an amazing dining area with a great assortment of food and spirits, as well as plush premium stadium seating.  It truly makes going to the movies “an experience“.

As a local real estate agent, dozens have asked when is a good time to list their home.  Well, in today’s market anytime is ideal.  Unlike the past, many buyers are out searching for their dream home throughout the year.  The housing supply is becoming scarce; combine that with low-interest rates and affordable pricing, listing your home now is a win-win for all.

If you are interested in a FREE market analysis for Bolingbrook and surrounding areas, it would be my pleasure to assist.  Specialty services include; Luxury Sales, Traditional Sales, and Short Sales.  It is easy to arrange a meeting by calling Britta Rivera at 312.806.3297 or emailing britta.rivera@comcast.net.  

Looking for current news in the Bolingbrook area?   The Bolingbrook Patch is a great source of information, so it’s a good idea to sign up for their instant alerts.  The Village of Bolingbrook also has an incredible website with neighborhood details and is highly recommended.
CALL TODAY FOR YOUR FREE MARKET ANALYSIS! 

January 18, 2013 Posted by | BOLINGBROOK REAL ESTATE | , , , , , , , , , , , , , , , , , , | Leave a comment

COOK COUNTY PROPERTY TAX SAVINGS; DID YOU RECEIVE YOUR HOMEOWNER’S EXEMPTION?

It is amazing how many people do not know they are eligible for valuable property tax savings exemptions.  When you own a home in Cook County and other areas and it’s your primary residence, you may qualify for several different exemptions. They include; Homeowner’s Exemption, Senior Citizen Homestead Exemption, Senior Citizen Assessment Freeze Exemption and Home Improvement Exemption . 

If you are interested in finding out if you are currently receiving your savings or would like to sign up for them, visit the Cook County Treasurer’s office and find out today.  This could be extra money in your pocket each year, anywhere from $250 – $2000, and they may even offer a reimbursement for past years!  The website is easy to use…just enter your property PIN number and check the status.

There are many benefits to owning a home, why not take advantage of them all!

NEED HOUSING ASSISTANCE IN CHICAGO?  PLEASE CONTACT BRV.

May 14, 2012 Posted by | CHICAGO REAL ESTATE | , , , , , | Leave a comment

CHICAGO: TIPS ON BUYING A HOME IN TODAY’S MARKET; FOLLOW THESE BASIC STEPS TO SAVE TIME

Important Steps to Buying a New Home 

Get pre-approved for a mortgage with a professional lender.  It is important to have a pre-approval letter in advance of search; it will be required when submitting a contract.

Inform your realtor of the features important to you in your new home.

  • Price Range
  • Preferred location
  • Square footage/ Amount of Bedrooms/Baths
  • Proximity to public transportation
  • Parking or garage space
  • In-home Washer/Dryer
  • Preferred style of home
  • Your real estate agent will send a list of homes for your review.  Select your top choices by marking them as “interested”.
  •  BEGIN YOUR HOME SEARCH!
  • Once you find a property, discuss with your agent the price you would like to offer the seller.  Your agent will provide area comps so that you can make an educated decision.
  • Remember, if you are purchasing a short sale they can take 60-120 days from start to closing.  It is a long process, but if you have time to wait and are extremely patient, great deals are available.  They are typically sold “as is” so buyer is responsible for repairs.
  • If you are purchasing a foreclosed property, make sure to read the notes carefully.   Many need a lot of work, may have code violations and are sold “as is”.  Buyer is responsible for repairs in most cases.
  • Your agent will then present the offer to the seller’s agent. The seller will either accept or respond with a counteroffer.  Be prepared to counter multiple times.
  • CONTRACT IS APPROVED!
  • After you have agreed on a final price, the seller will ask that you write an earnest money deposit check (initial down payment) typically for $1,000 to $5,000 to hold the property.  It is in the form of a Cashier’s Check and your agent will inform you of the exact figure.
  • Be sure to make a copy of the earnest money check for your lender in advance of submitting.
  • It is strongly recommended that you hire a real estate attorney to assist with negotiations.  Your attorney will review the purchase contract and review the final documents at closing.  Their fees vary and are paid at closing, ask them in advance.
  • The purchase contract is signed by you and the seller.  Your agent will fax it to your lender and attorney for review.
  • The “Attorney Review” period now begins.  Typically the contract has to be reviewed and approved within 5-7 business days of accepted contract date.
  • During attorney review, it is recommended that home inspection by a certified inspector be performed.  This should be ordered immediately after the initial contract is signed.
  • HOME INSPECTIONS
  • If the home inspection uncovers any issues with the property, your attorney can try to negotiate the contract to ensure any necessary repairs are made or credits for repairs are given.  Unless home is sold “as is”.
  • If you are buying a brand new property it will typically come with a 1-year warranty therefore a home inspection is optional.
  • Meet with your  Loan Officer to sign a loan application and review the mortgage approval process.
  • Do not make any major purchases, apply for credit cards, etc. until AFTER CLOSING.  This additional activity may lead to your credit report being pulled which will lower your credit score.
  • Once your attorney approves the purchase contract and inspection is complete, your lender will order an appraisal.
  • Per the Purchase Contract, additional earnest money may or may not be required by the purchase contract (ask your agent).  If you do provide additional earnest money, be sure to make a copy of the check and fax it to your lender.
  • When the purchase contract is signed a “Financing Commitment Contingency” date is approximately 30-45 days and must be met. If your loan approval needs additional time, make certain to inform your attorney so he may request an extension.
  • The mortgage commitment will be sent to your attorney who will work with the seller’s attorney to schedule the closing date, time and location.
  • GETTING READY FOR CLOSING
  • Prior to closing, you will need to obtain the necessary homeowners insurance.  Contact a professional insurance company and obtain several quotes, prior to securing.
  • Typically the day before your closing your lender or attorney will advise you of how much money you will need to bring to the closing.
  • Once you know the dollar amount, you will need to obtain a cashier’s check made payable to the Title Company.  A wire transfer of funds is also required in some circumstances.
  • At the closing you will need to bring the following:
  • Cashier’s check (unless you process via wire transfer)
  • Valid driver’s license or state ID
  • Personal Checkbook (just in case the figures are slightly off which is common)
  • Your attorney will be at the closing and will review all the closing documents with you.
  • YOUR KEYS ARE PROVIDED AT CLOSING AND IT IS TIME TO MOVE IN!

IF YOU NEED ASSISTANCE WITH BUYING A HOME IN CHICAGO, CONTACT BRITTA RIVERA VENTURE GROUP AT 312.806.3297.  

February 25, 2012 Posted by | CHICAGO REAL ESTATE, REAL ESTATE NEWS | , , , , , , , , , , , | Leave a comment

CHICAGO TOPS LIST; CHEAPER TO OWN THAN RENT HOUSING

OLD TOWN VILLAGE

According to new data released this week, Chicago is among the top U.S. cities where owning a home is now cheaper than renting.  As rents continue to climb and interest rates keep dropping, this combination makes most monthly mortgage payments lower than rent.

Renter’s interested in the downtown South Loop neighborhood have had sticker shock, finding one bedrooms going for $1350-$1700 (on average) and two bedrooms at about $1800-$3500.

Experts suggest at these current rental amounts, it is cheaper to own a home in Chicago and many other cities.  This news is buzzing so many are doing just that…new reports released today show an increase in October sales in the Chicagoland area.

With the high amount of short sales and foreclosures on the market, great deals are available and buyers are snatching them up.  In recent months multiple offer situations have become a regular occurrence as investor’s, move-up, and first-time buyers are competing for the same home.  However, if you are looking at short sales, patience and flexibility in price is needed to stomach the ride.  In some cases you may be responsible for unpaid assessments or repairs, and the banks keep changing the rules.   But if you are looking for incredible deals and have about 3 months to wait, it is well worth it.

If you are considering your rent vs. own scenario and would like a FREE consultation, please call Britta Rivera Venture at 312.475.4548.

If you are searching for an amazing deal in Chicago, start viewing incredible homes now.   Also register here for your FREE list of available residences or to attend our FREE upcoming Rent Vs. Own Seminar.

November 28, 2011 Posted by | CHICAGO REAL ESTATE | , , , , , , , , | Leave a comment

BRITTA RIVERA VENTURE GROUP ALIGNS WITH KOENIG & STREY REAL LIVING; CHICAGO TEAM OF REAL ESTATE PROFESSIONALS

BRITTA RIVERA VENTURE GROUP has launched; assembling a team of experienced agents aligned with the premier real estate firm, Koenig & Strey Real LivingBRV offers clients and developers superior service by a group of real estate professionals, dedicated to the real estate industry.  BRV team members have many years of experience in new construction sales & marketing, as well as renting, listing and selling resales in the Chicagoland area.

The unique aspect of this new venture is the level of experience and professionalism the team offers.  The list of team members include, team leader, Britta Rivera who has been involved in real estate sales and leasing since 1993.  During her many years in the real estate industry, she has held the position of General Manager and Vice President of Sales for multiple local, National and international brokerage firms.  Rounding off the team is, Catherine Hughey, Lona Reiling, and David Silverman.

BRV assists buyers, sellers and  renters with their housing needs.  They specialize in the sales & marketing new construction developments, condo conversions, resale listings, and buyer/renter representation.  BRV team members have also been involved in launching dozens of successful multi-million dollar developments in Chicago and the surrounding suburbs.  BRV also works with a short sale negotiation team to streamline the process, for clients involved in a short sale transaction.

Let this professional team of agents provide the extraordinary service you deserve.  Please contact team members at 312.475.1400.  Visit our website for a list of available homes in Chicago and contact information.

Ask about our City of Chicago Employee Incentive Program!

RENT, BUY, SELL…WE CAN HELP!

Looking to grow your business?  Experienced Real Estate agents with extraordinary service standards, team spirit and Illinois RE license, please contact brivera@koenigstrey.com or call 312.475.4548.  

BRV is growing our team and have only two more openings available.  Limited opportunity.

July 16, 2011 Posted by | CHICAGO REAL ESTATE, REAL ESTATE NEWS | , , , , , , , , , , , , , , , , , , , , , , , | 32 Comments

(Video) SHORT SALE VS. FORECLOSURE? DO YOU QUALIFY?

A short sale is a sale of real estate in which the proceeds fall short of the balance owed on the property’s loan.  In simple terms, your home value is no longer above what you paid for it, so banks may allow you to sell it for the current market value.  Seller’s are first encouraged to try for a loan modification, but if that fails, a short sale is definitely a better option than a foreclosure.

Many have heard that short sales are complicated and take months to close.  Well, in some cases this may be true, but the process can be simplified when using an experienced short sale real estate agent and a short sale negotiator.  A negotiator has relationships with many top banks, which allows them to know exactly how to present the offer.  They also have the time required to stay on top of your file, to streamline the process.

Who truly qualifies for a short sale may surprise you.  It is not just the homeowner’s who have fallen behind on their mortgage payments.  In most cases it is anyone showing the financial inability to catch up on their payments or who may fall behind in the near future.  The banks will require a “hardship letter” which explains why a homeowner may qualify.  It could be due to illness, divorce, job loss, relocation, excessive debt or other similar situations.

Bottomline, if you cannot sell your home for what you currently owe on the loan and are suffering from a hardship, it would be wise to seek help.  Chances are, you may qualify for a short sale.  It is better to find out now, then to wait for the foreclosure to occur.

Chicago Real Estate: If you are interested in a FREE private short sale consultation with a Chicago negotiator, and realtor Register Here or contact Britta Rivera Venture at 312.475.4548.  Visit my website to learn more about us.

WATCH VIDEO TIPS ON BUYING AND SELLING A SHORT SALE.

May 29, 2011 Posted by | CHICAGO REAL ESTATE | , , , , , , , , , | 10 Comments

BRITTA RIVERA VENTURE GROUP JOINS TOP BROKERAGE FIRM BAIRD & WARNER

Published September 15, 2015

Britta Rivera Venture Group recently joined the top Chicago Brokerage Firm of Baird & Warner.  BRV assembled a team of experienced real estate agents; offering clients and developer’s superior service along with a group of real estate professionals dedicated to the real estate industry.  BRV members have many years of experience and service Chicago’s city and select suburbs.

BRV assists buyers, sellers and renters with their housing needs.  They specialize in the sales & marketing new construction developments, condo conversions, resale listings, and buyer/renter representation.  BRV team members have been involved in launching dozens of successful multi-million dollar new construction developments in Chicago and the surrounding suburbs.  BRV also assists with Luxury Sales, Short Sales, and REO’s.

The unique aspect of these Premier Agents is the level of experience and professionalism.  BRV team members include founder, Britta Rivera, who has been involved in the real estate sales industry since 1993.  During her 20+ years in the real estate industry, she has held the position of General Manager and Vice President of Sales for multiple local, national and international brokerage firms.  Rounding off the team is, Lakeisha Stephens.

Let this professional team of agents provide you with the extraordinary service you deserve.  Please contact them at our website for a list of available homes in Chicago and full contact information.

SPECIALTY NEIGHBORHOOD’S (plus many more!)

CHICAGO CITYLoop, South Loop, Gold Coast, Lincoln Park, Old Town, Near West Side, South Side, Bronzeville, West Loop, Wicker Park, River North, River West, and other great locations.

CHICAGO SUBURBSBolingbrook, Glen Ellyn, Naperville, Lisle, Woodridge, Plainfield, Romeoville, Aurora,  and other select areas. 

RENT, BUY, SELL…WE CAN HELP!

Britta final logo smallBIG logo

September 16, 2015 Posted by | BOLINGBROOK NEWS, CHICAGO NEWS, CHICAGO REAL ESTATE | , , , , , | 1 Comment

CHICAGO’S LAKE FRONT LUXURY…RENOVATED HOME $1.8M ; JUST 42 STEPS TO THE LAKE IS A RARE FIND!

Published 8/16/14; written by Britta Rivera

Chicago has amazing opportunities for luxury homes, but this unique completely renovated residence is a rare find.  Local developer’s found a spectacular gem to renovate and it’s just 45 steps to the lake, near Loyola University Campus.  Rest assured, this is a must see for the most selective buyers and is listed for $1,845,000.

1052 Albion, Chicago

This impeccable gut rehab offers 6000 square feet of amazing space which includes; 7 bedrooms, 5 1/2 baths, sitting room, study, heated sun room and 3-car garage.  The master suite allows you to enjoy Chicago’s beautiful lake view.  Huge deck is great for entertaining and tree-lined off-set street offers privacy.

The interior finishes are breathtaking; with top-of-the-line appliance package, custom cabinetry, granite, hardwood flooring, luxury baths with whirlpool tub, heated flooring, along with dual zoned heating.

It is truly the best of both worlds; historic brick exterior with newly renovated interior.  It’s also within walking distance to the lake, tennis courts, rowing and neighborhood shopping, which offers conveniences at your fingertips.

Since it’s such a unique find, interest level is certain to be extremely high.  Feel free to contact Britta Rivera Venture today at britta.rivera@comcast.net or call 312.806.3297 for details.  Only qualified buyers will be invited for an exclusive tour, so make sure to have your financing in order before setting appointment.

Ready for move-in fall 2014. 

August 16, 2014 Posted by | CHICAGO REAL ESTATE, NEIGHBORHOOD SCOOP | , , , , , , , , , , , , , , , , , , , | Leave a comment

TOP WORKOUT SONGS FOR 2013; PITBULL & CHRISTINA AGUILERA TOP LIST

FitnessThe number one New Year resolution is to begin working out.  Therefore, the below article posted by the popular workout website Run Hundred, may just get you in the mood!

The Top 10 Workout Songs of 2013

Fort Wayne, IN – January 2, 2014 – The end of the year is a great time to survey workout music for two reasons.  First, it provides a chance to look back at the year that’s winding down and reminisce.  Second, the new year is when folks make resolutions–often to get into better shape–and the recap includes a few songs that might help with that.

The list below reflects more than 70,000 votes placed last year on Run Hundred—the web’s most heavily-trafficked workout music blog. According to the folks polled there, the most popular artists in the gym this year were David Guetta and Pitbull.  They’re the only two artists who appear in the list twice—though they managed this feat with the help of collaborators like Christina Aguilera, Ke$ha, Rihanna, Akon, and Ne-Yo.

As is the case each year, there are some workout music staples present in the list. There are chart hits—like those from Flo Rida and Jason Derulo. There are hits that got beat out by their own remixes—like those from Lady GaGa and Avicii. There are monster hits that didn’t make the cut—like Katy Perry’s “Roar” and Robin Thicke’s “Blurred Lines.” Lastly, there are songs that got more love in the gym than on the radio—like Fergie, Q-Tip, and GoonRock’s contribution to The Great Gatsby.

On the whole, there should be a few songs here you loved, a few you missed, and a few that have been given a makeover since you last heard them. If you’re looking for a few tunes to jump-start the new year—and possibly a new you—the list below provides 10 great places to start.

Pitbull & Christina Aguilera – Feel This Moment – 137 BPM

Selena Gomez – Come & Get It (Dave Aude Club Remix) – 130 BPM

Fergie, Q-Tip & GoonRock – A Little Party Never Killed Nobody (All We Got) – 130 BPM

Flo Rida – How I Feel – 128 BPM

Lady GaGa – Applause (DJ White Shadow Trap Remix) – 141 BPM

Jason Derulo – The Other Side – 128 BPM

Avicii – Wake Me Up (Avicii Speed Remix) – 126 BPM

David Guetta, Ne-Yo & Akon – Play Hard – 130 BPM

Rihanna & David Guetta – Right Now (Justin Prime Radio Edit) – 131 BPM

Pitbull & Kesha – Timber – 130 BPM

To find more workout songs, folks can check out the free database at RunHundred.com. Visitors can browse the song selections there by genre, tempo, and era—to find the music that best fits with their particular workout routine.

Contact:
Chris Lawhorn
Run Hundred
Email: Admin@RunHundred.com
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Looking to sell or buy a home in the Chicagoland area?  Contact BRITTARIVERAVENTURE today!

January 2, 2014 Posted by | TOP WORKOUT SONGS | , , , , , , , , , , , , | Leave a comment

[2013 VIDEO] WARREN BUFFETT ANNOUNCES BERKSHIRE HATHAWAY MERGER…KOENIG & STREY – PRUDENTIAL RUBLOFF JOIN FORCES

On Tuesday November 12, 2013, billionaire Warren Buffett made an exciting announcement; about two legendary Chicago real estate firms set to merge this spring.  Luxury home sales powerhouse Koenig & Strey Real Living and Prudential Rubloff will join forces under his Berkshire Hathaway brand.  They are set to become one of the top real estate brokerage firms in the entire Chicagoland area, gaining a huge percentage of market share.

Essentially, Prudential Rubloff sold its ownership interest in their company to Home Services of America; a Berkshire Hathaway affiliate.  Making this the most notable real estate merger in Chicago’s history.

Over 700 agents showed up to a last-minute surprise meeting at the Drake Hotel, after receiving an email invitation late in the day on Monday (including me!).  It was a shock to hear about the merger, not because it was unexpected, but due to the complete secrecy of this news.  There were no rumors nor talks in advance throughout the company, at least not at an agents level.

The exciting part about this merger, is that they will now both fall under the prestigious Berkshire Hathaway brand.  The company was named The World’s Most Admired Companieswhich offers buyers and sellers even more confidence when using its services.  Major backing of these exclusive firms by Buffett was confirmed; since it is the FIRST time he has allowed a real estate affiliate to fall under the prestigious Berkshire Hathaway name.

During the 60 minute presentation several top executives spoke, including; the current President of Koenig & Strey, Nancy Nagy, and owners of Prudential Rubloff, Chris Eigel and Michael Pierson.  Their joy and complete support of this mega merger could be felt throughout the huge venue.  They will all stay on as top executives when the transition is complete this spring.  And to top it off Warren Buffett hit the big screen, sharing his excitement about the merger with all in attendance.

This press release explains the magnitude of this game-changing announcement and how it is certain to impact Chicago real estate in the future.  Coming this spring the name will change to BERKSHIRE HATHAWAY KoenigRubloff Realty Group.  It may be a mouthful, but the firm will certainly offer clients extraordinary service and a solid reputation.  By combining the most experienced real estate professionals with premier marketing and a top brand name, they will give the competition a run for the money.

Yes indeed, this is exciting news!  It brings me personal pleasure to know that I work for the most exclusive real estate brokerage firms in the great City of Chicago!

Interesting FACT…in 2012 the combined firms closed more than $4 billion in sales; making it #2 in market shares based on volume.  Combining forces will bring the total number of brokers to over 1600 company wide.

NEED ASSISTANCE WITH SELLING OR BUYING IN THE CHICAGOLAND AREA?  CONTACT A REAL ESTATE PROFESSIONAL AT THIS PRESTIGIOUS FIRM….I WOULD LOVE TO HELP! https://brittariveraventure.wordpress.com/about/

CHECK OUT PHOTO’S FROM THIS EXCITING ANNOUNCEMENT AT THE DRAKE

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November 17, 2013 Posted by | CHICAGO REAL ESTATE | , , , , , , , , , , , , , , , , , , , , , | Leave a comment

MICHAEL JORDAN $29M HIGHLAND PARK HOME GOES TO AUCTION 11/22/13

mj mansionMany were surprised to hear that legendary former Chicago Bulls superstar, Michael Jordan, has decided to auction off his 56,000-square-foot Highland Park estate next month.  It was just two years ago that he first listed the property for a whopping $29 million!  But seriously, who can afford that price?

Jordan has retained New York-based Concierge Auctions plans to hold the auction on November 22nd.  If you have a cool  $250,000 of liquid funds no problem; it’s the deposit required to bid in the “absolute” auction, which requires him to sell regardless of price.

The luxurious home located at 2700 Point Lane, in a Chicago suburb, was originally priced at $29 million before it was reduced to a mere $21 million back in January.  It is a true testament to his wealth featuring; nine-bedrooms, 17 bathrooms, a regulation-size indoor basketball court, billiards parlor and a 15-car heated garage.

Now this is LIVING! If you are Bill Gates, Tyler Perry or Oprah Winfrey it could be considered a great deal!  For the rest of us….we may want to stick with a more reasonably priced home.

SEARCHING FOR A HOME IN THE CHICAGO AREA?  Contact a real estate professional to assist…..britta.rivera@comcast.net.  If you are a CHICAGO BULLS player…please use my real estate services, I promise to make it fun yet confidential experience.

October 19, 2013 Posted by | CHICAGO REAL ESTATE | , , , , , , , , , , | Leave a comment

2013: BOLINGBROOK GOLF COURSE GETS VISIT FROM CHICAGO BLACKHAWKS STANLEY CUP

Bolingbrook residents were treated to a visit from the Chicago Blackhawks Stanley Cup.  On Thursday 7/25/13 fans lined up in the parking lot of the stunning Bolingbrook Golf Club and anxiously awaited a photo-op with the Cup for a small fee of $20.  A crowd of over 3,500 stood in line beginning at 4am, for the Bolingbrook event of the summer, which began at noon.

Area residents from Bolingbrook were joined by surrounding suburban fans including; Plainfield, Joliet, Romeoville, Naperville and Crest Hill.  While most were able to take home a treasured souvenir photo, others were disappointed when they were turned away as time ran out.

The main reason for the visit was the luck of the draw, Chicago Blackhawks’ Team Services Director, Tony Ommen, is a Bolingbrook resident.  This was the second time the Cup was displayed in the village of Bolingbrook, it also happened back in 2010.

Bolingbrook Golf Club General Manager Randy Farber was amazed at the huge show of support for the 2013 Blackhawks champions and was excited for the visit.  All proceeds went to charity; mainly to St. Baldrick’s and Heart Haven Outreach.

LOOKING TO BUY OR SELL A HOME IN BOLINGBROOK?  CONTACT A BOLINGBROOK NEIGHBORHOOD RESIDENT & REAL ESTATE BROKER FOR YOUR FREE MARKET ANALYSIS.  VISIT https://brittariveraventure.wordpress.com/about/ FOR DETAILS.

Need help with your short sale?  Let us help!  https://brittariveraventure.wordpress.com/2013/07/07/tips-on-selling-a-short-sale-how-best-to-get-bank-approval-is-now-a-good-time/

Read the full story at; http://bolingbrook.patch.com/groups/sports/p/lord-stanleys-cup-heading-to-bolingbrook

July 26, 2013 Posted by | BOLINGBROOK NEWS | , , , , , , , , , , , | Leave a comment

TIPS ON SELLING A SHORT SALE….HOW BEST TO GET BANK APPROVAL; IS NOW A GOOD TIME?

HOUSE PHOTOPrior to the housing market crash back in 2007, most had not heard about a Short Sale nor understood what it meant.  This includes real estate agents, attorney’s, and struggling homeowners.  However, as the home prices continued to decline and the economy crumbled, many sellers and agents soon became familiar with how a short sale could help.  Is now a good time for a short sale?  Read below and you will see that it certainly is the BEST time to get it done.

During the past several years millions of homeowners have successfully completed a short sale transaction.  There are simple tips to make sure your short sale is approved by the bank and that it goes as smoothly as possible.  The main ingredient is securing a real estate agent knowledgeable of the short sale process.  Using an experienced agent who works with a real estate attorney and/or negotiator can significantly increase your chances of approval.  I have successfully completed many short sales and although they all have different challenges, my knowledge has helped in getting them approved.

The first step is to list your home with a real estate agent experienced with short sales; banks will not begin the process without a qualified buyer.  Your real estate agent should price the home according to the current market, not based on what you owe.  The goal is to sell your home quickly, but at a fair market value which a bank is most likely to accept.  Pricing of a short sale property tends to be about 20% – 30% below comparable market value properties and it will be verified through a bank ordered BPO (Broker Price Opinion).

Another important factor is to use a real estate agent who truly cares about helping you.  If they are just in it to make a commission check, they’re probably not the right choice.  Agents also need to be very accessible, since the short sale process is timely and banks expect quick responses to requests.  A good way to test an agent is to call them and time their response time, if they take days to get back to you, move on.

As a seller you also have to be flexible and very willing to supply all required documents to the bank.  This will typically include; a hardship letter, recent tax returns (past 2 years), last 2 paycheck stubs, profit/loss statement, bank statements (last 3 months), real estate listing agreement, copy of the contract, and misc documents.  Have these items ready and available for submission up front to streamline the process.  If you use an experienced agent they will help with this process.

Finally, learn the facts about a short sale and consult with your accountant about the tax consequences.  This video can help and should be viewed in advance.   It is also important to note; The Mortgage Forgiveness Debt Relief Act and Debt Cancellation  was extended through 2013 and can save you thousands.  If you are considering a short sale…do it now!   Because if this act does not get extended again this year, qualified sellers will feel the effect.

What is a Short Sale?

  • A short Sale is a sale of real estate in which the proceeds fall short of the balance owed on the property’s loan. In simple terms, your home value is no longer above what you paid for it, so banks may allow you to sell it for the current market value.

How long is the Short Sale process?

  • Many have heard that short sales are complicated and take months to close.  Well, in some cases this may be true, but the process can be simplified when using an experienced short sale real estate agent, short sale negotiator and/or attorney.  A negotiator or attorney has relationships with many top banks, which allows them to know exactly how to present the offer.  They also have the time required to stay on top of your file and streamline the process.

Who qualifies for a Short Sale?

  • Who truly qualifies for a short sale may surprise you.  It is not only the homeowner’s who have fallen behind on their mortgage payments.  In most cases it is anyone showing the financial inability to catch up on their payments or who may fall behind in the near future could qualify.  The banks will require a “hardship letter” which explains why a homeowner may qualify.  It could be due to illness, divorce, job loss, relocation, excessive debt or other similar situations.
  • Bottom-line, if you cannot sell your home for what you currently owe on the loan and are suffering from a hardship, it would be wise to seek help.  Chances are you may qualify for a short sale.  It is better to find out now, then to wait for the foreclosure to occur.

Short Sale challenges

  • Make certain to continue paying your assessments & real estate taxes.  In the event you fall behind on your assessments, your HOA can cause you to lose your home using their rights according to the bylaws.
  • Make certain your homeowners insurance is kept current.  If damage occurs during the process and you are not covered, this will cause more issues.  Also if you have moved out, keep your heat on to avoid pipes bursting and causing water damage.  You are responsible for the home until the new buyer closes.
  • Do not apply for a loan modification or bankruptcy protection during the short sale process, or it will cause issues.
  • Speak with you tax account to request information on possible penalties due to your short sale.   Also ask about The Mortgage Forgiveness Debt Relief Act and Debt Cancellation which was extended through 2013, and can save you thousands!
  • BRV along with other short sale companies cannot guarantee your short sale will be approved.  It is our goal to assist in getting bank approval, but are unable to advise you on accounting and/or bank default penalties, or any other outcome due to your short sale.  Seek legal advice in advance.

NEED ASSISTANCE WITH YOUR CHICAGO SHORT SALE?  CONTACT BRV TODAY FOR YOUR FREE SHORT SALE CONSULTATION.

July 7, 2013 Posted by | CHICAGO REAL ESTATE | , , , , , , , , , , , , , , , , | 1 Comment

[VIDEO] CHICAGO’S ANNUAL PRIDE PARADE ROUTE 6/30/13; LARGE CROWDS EXPECTED

Chicago’s Pride Parade kicks off today, June 30, 2013 at noon.   It has become extremely popular over the years, so if you are considering attending, get ready for large crowds.  As a reminder, back in 2012 the route changed and the parade begins at Montrose and ends at Diversey.

It is a celebration which began back in 1972 and has been refined to represent the freedom of all people.  The parade route and details are posted on this link.  Getting around the city will be a challenge today, so you may want to take public transportation!

If you have never attended….it is a treat!

CHECK OUT FULL DETAILS AT http://chicagopride.gopride.com/info.cfm

June 30, 2013 Posted by | CHICAGO NEWS, NEIGHBORHOOD SCOOP | , , , , , , , , , , , , , , , | Leave a comment

2013: GOOGLE ANNOUNCES MOVE TO CHICAGO’S WEST LOOP!

west loop mapIt’s official!  Google, Inc announced plans to move to Chicago’s West Loop neighborhood.  Cost savings and extra space is probably driving the move from their current River North location, to the Fulton Market-Randolph district.

A Google spokeswoman confirmed that its 500-plus employees will move to the former Fulton Market Cold Storage building at 1000 W. Fulton.  The lease was signed for 200,000 square feet at the 10-story former storage warehouse…so the deal is sealed!  The anticipated move should happen by 2015, which is when their current lease expires.

If Google employees are in search of available nearby housing, feel free to contact a GREAT REAL ESTATE AGENT!   Send requests to britta.rivera@comcast.net  for a free list of available properties.

READ FULL STORY AT CRAINS….http://www.chicagorealestatedaily.com/article/20130620/CRED03/130629966/its-official-google-to-move-to-west-loop

June 21, 2013 Posted by | CHICAGO REAL ESTATE | , , , , , , , , , , | Leave a comment

CHICAGO’S MUSEUM PARK RENTAL; ONE BEDROOM CONDO WITH PARKING!

If you are considering a move to Chicago, Museum Park is a great place to live!  The incredible location is steps away from the lake, Loop, Museum’s, and Soldier’s Field.  The full amenity buildings include; a pool, fitness center, clubhouse and mini-mart…talk about convenience.

This featured one bedroom includes; hardwood flooring, granite kitchen countertops with breakfast bar, private balcony, and one indoor garage parking space.  Listed for only $1800 per month.

Interested in living at this amazing location?  Contact Britta Rivera Venture at 312.806.3297 for more information or by email at britta.rivera@comcast.net.  Also visit brittarivera.koenigstrey.com for additional available residences.  Check out the amazing condo below and contact us for your private tour.

1322Prairie_RentalBlast

April 10, 2013 Posted by | CHICAGO REAL ESTATE | , , , , , , , , | Leave a comment

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