Chicago Illinois Real Estate Blog and News

Don’t Miss This Chance To Buy a Home

Now is a great time to invest in real estate.

Are you struggling to find a home in the market right now? I have great news for you! We are starting to see an increase in inventory, so you’ll have more options when choosing your home. You can negotiate more easily, and you won’t feel like you’ve overpaid.

Buyers should get their credit checked to verify what they qualify for. Start looking at neighborhoods you’re interested in. Interest rates have stabilized recently, and with inventory increasing, it’s the perfect opportunity...

It's Always a Good Time To Buy

Here’s why it’s never really a bad time to buy in real estate.

One of the biggest questions we are asked in today’s market is, “Are we in a real estate bubble?” Back in 2007, home values dropped after the last bubble burst. However, current prices are higher than they were before the last crash.

That’s my key point for you today. If you buy real estate as a long-term investment, your value will increase to a higher level than it is today. It doesn’t matter when you buy; over time, values increase. That’s...

Is It Still a Good Time To Buy and Sell?

Here’s what buyers and sellers need to know about our housing market.


The latest numbers from April just came in, so today, let’s take a look at them to see what’s going on in our housing market.

The average sales price in March was $395,000. In April, that number climbed to $412,000. Meanwhile, the average number of days on market decreased to about 40 in April. This is a normal trend for this time of year. 

If you’ve been paying attention to the news, you know that interest rates continue to increase. This means it’s becoming more expensive each month...

Questions You Should Ask in Agent Interviews

Four great questions to ask when you’re interviewing listing agents.


If you’re interviewing agents to sell your home, what questions should you ask? Of course, you want to ask about what’s important to you in an agent, but there are a few ideas you might not have considered.

One of the most important questions is, “How many homes have you sold personally?” New agents are trained to say how many homes the office has sold instead of their personal count. You want to figure out whether you’re working with an experienced agent or not.

Another great...

What’s Happening in Chicagoland Real Estate?

Here is your march 2022 Chicagoland real estate market update.


Let’s talk about the March 2022 real estate market in Chicagoland.

Our average sales prices went up significantly last month, almost 10%. The peak last month was $395,000. In February, the average sales price was $368,000. Our highest ever sales price was just over $400,00 in June 2021, so we are almost back to that same number.

This increase might seem weird since our interest rates just increased so much. However, understand that this average sales price is from properties put under contract 30 to 60 days ago, so they weren't affected...

Buying and Selling at the Same Time

Here are six options when buying and selling a home at the same time.


Recently, I’ve noticed a lot of sellers are excited to sell their homes, but they’re less enthused to buy. Since inventory levels are so low, I understand the concern. Don’t worry; if you’re looking to sell your home and buy a new one, you have options, and I want to go over a few of them with you today: 

1. Negotiate a long closing with your buyer. Instead of a typical 30-day close, try and have a 90-day one. In this seller’s market, many buyers are willing to accommodate this need. With such...

How Has the Pandemic Affected Us?

Comparing the market from before the pandemic to the current situation.


Have you forgotten what the market was like pre-pandemic? Let's talk about what's changed over the past couple of years and how those changes benefit you.

Before the pandemic, interest rates were higher. At one point, they were as high as 5%. Today they're still down in the 3% range, although we anticipate that they will go up this year. Interest rates during the pandemic have been fabulous. At some points, they were in the 2% range. The average sales price has gone up 24% since January 2020. The $293,000 house you bought is now worth $363,000....

Your February 2022 Chicagoland Market Update


Let’s take a look at the market stats for our February 2022 market.


Today I’m going to go over what happened in the Chicagoland real estate market in February 2022:

  • The average sales price last month went up 2% to about $370,000. If we compare February 2021 to February 2022, sales prices have gone up 10%. That’s great for sellers.
  • The average days on market went up to 66. This is normal; we usually see the days on market increase between December and February. Next month, we should see this number drop.
  • The average number...

How Our Commission Rate Works


How is an agent’s commission determined on the Kite Team?


People often ask us how our commission right works—I mean, who wouldn’t want to know? Today I’ll quickly cover a couple of things to note about commissions here at the Kite Team.

We can help you sell your house starting at a 1% commission rate that increases based on the services you want. We only charge 1% commission in cases such as when you find your own buyer (like a tenant or family member) and you just need us to walk you through the contract, disclosures, etc.

For the listing side, the commission...

Are You Struggling To Pay Your Mortgage?

Those who are struggling with paying a mortgage have options.

Recently, I've started getting questions about being late on mortgage payments and whether you need to sell your house.

There's a lot of fear around this because people have been in forbearance for quite some time, and all of a sudden, they're now forced to come up with the money despite their situation not having changed. If you or somebody you know is behind on payments, I have options for helping those who are struggling to pay their mortgage. I’m happy to discuss and walk you through all your options so you can make the best decision.

If this doesn’t apply to you, please pass this information on to somebody who may need it. If you have any questions, please give me...