New Listing in Palos Heights

Just listed in Westgate of Palos Heights. Incredible wooded cul-de-sac parcel! Oversized four-bedroom, three-bathroom split-level with unfinished basement.

Massive walkout family room features pergo flooring, stone fireplace, wet bar, bathroom, and fourth bedroom. Kitchen complete with stainless steel appliances, breakfast bar, skylight, and large eating area. Hardwood floors in dining room. Spacious master bedroom with private bath. View additional details and virtual tour at:

http://www.GallerieRealEstate.com

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Top Buyer and Seller Mistakes in 2005

Happy New Year! If you haven't yet made your resolutions (or are still open for suggestions), the Illinois Association of Realtors has listed a few of the top mistakes to avoid when buying or selling real estate.


My 2006 challenge to you: Resolve to be saavy in your real estate decisions, and know your market. What worked last year most likely won't work this year. Learn from the mistakes of others, and surround yourselves with trusted professionals.


2005 Top Buyer Mistakes

• Bought properties to flip at top-of-market prices
• Utilized interest-only mortgages, paying top-of-market prices
• Overlooked resale characteristics, especially in upgrades in
  new home construction
• Skipped performing home inspection (especially before some
  markets shifted away from seller's market)
• Misinterpreted developers giveaways (which usually signal
  a softening market)

2005 Top Seller Mistakes

• Over-priced home
• No internet property marketing
• Stopped showing too early after contract
• Refused to pay buyer's closing costs
• Know your market and competition: buyers were more saavy
  with market times and available inventory; sellers were out
  of touch

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Year End Market Statistic Update

I hope all of you enjoyed the holiday season. Year-end statistics are well under way, and it looks to be yet another record year for most of us in Chicago's Southland. I am hoping to have the latest market statistics posted by January 20, so please check back soon! Now is the time to send me your requests if you would like to see additional communities posted. Your feedback is always greatly appreciated, so feel free to make recommendations for information you would like to see here.

Hope to see you January 20!

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