Britta Rivera Venture

CHICAGO REAL ESTATE NEWS & MORE

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

Advertisements

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

[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

ALL NANCYDSC04837ks party

DSC04847 DSC04861 DSC04833 DSC04840

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

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

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

2013: CHICAGO TURNS VACANT LOTS INTO URBAN FARMS; MAYOR EMANUEL ANNOUNCES NEW PLAN; FARMERS FOR CHICAGO

farmersAs a Chicago real estate agent, I see my share of vacant lots in depressed areas around the city.   Nearby abandoned buildings are an eyesore and haven for gang bangers and drug dealers.  It is scary when showing homes in these neighborhoods, and makes my job a challenge.  Well, Mayor Rahm Emanuel has a new idea to combat a portion of this problem in the city of Chicago.  On Friday he announced the launch of “Farmers for Chicago“, which will essentially turn vacant city lots into urban farms for the next three years.

The new program will be supported by private donors and will turn about five acres of city-owned lots into urban farming developments.  Chicago will partner up with the local urban agriculture organization Growing Power.

Neighborhood residents will be trained by nonprofit organizations, to grow food which will be distributed to local farmer’s markets, restaurants, and grocery chains.

It sounds like a good idea and should offer a way to get residents involved within their own neighborhood.  The pride of community found in past decades has been lost, and is felt when traveling through some areas of Chicago.  Hopefully, it will also beautify the dirty garbage filled lots and get more people involved in cleaning up these poverty-stricken neighborhoods.

The next plan should be creating a law enforcement task to reduce the theft and damage of foreclosed properties.  It is sad to see the complete destruction when entering many properties, where you know someone loved and took pride in them while living there.  During a recent showing, I took this photo of a condo vandalized and stripped.  It is shocking to see the pure loss…so STRICTER penalties should also be implemented.

Chicago-20130314-01197

March 16, 2013 Posted by | CHICAGO NEWS, CHICAGO REAL ESTATE | , , , , , | Leave a comment

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

CHICAGO’S MUSEUM PARK OFFERS INCREDIBLE CONDO LIVING!

If you are considering a move to Chicago, Museum Park is a great place to live!  The full amenity buildings include; a pool, fitness center, clubhouse and mini-mart…talk about convenience.  The incredible location is steps away from the lake, Loop, Museum’s, and Soldier’s Field.   Prices start in the mid-$200’s for a one bedroom and the mid-$300’s for two bedroom’s.

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

1322Prairie

January 25, 2013 Posted by | CHICAGO REAL ESTATE | , , , , , , , , , , | Leave a comment

%d bloggers like this: