lincoln pk. xwide t/home priced to sell!

 
Price just adj. to SELL! Spring into your new home. Nestled in the enclave of Hartland Park, this newer Lincoln Park develpmnt features:Private gated pk, dog run & brick paved streets. The spacious 3BR/5BA TH boasts a chef's kitchen w/glass backsplash, SS, balcony w/natural gas grill. High end finishes, private balcony w/skyline views, dual HVAC & 2 car attd gar! Carpe Diem..live your extraordinary life in this extraordinary home. check out video tour@
http://tours.vht.com/Viewer/PhotoGallery.aspx?ListingID=50695761&Style=RRI

RETIREMENT STRATEGY BEYOND THE NUMBERS

RETIREMENT STRATEGY BEYOND THE NUMBERS

Today we’ll take a look at the gender gap in retirement strategy. Women tend to need more money than men in retirement because on average they live longer, have more healthcare expenses, and often make less money in their working lives than men do.

In addition to financial options—such as saving more, delaying retirement, and taking advantage of company matches in 401(k) funds—there are several non-financial steps that women can take to plan for their retirement.

Reframing retirement living

“We are bombarded with images of the happy retirement—the vacations, the palm trees, the golf courses—but we need to rethink our retirement and not buy into that,” says Jane Nowak, an Atlanta-based certified financial planner specializing in women’s retirement. “Retirement doesn’t have to be what someone tells us it looks like.”

Living together with other women—whether siblings, single women, or women who have lost their spouses—brings big benefits in shared housing expenses and increased companionship, says Jan Cullinane, author of “The New Retirement: The Ultimate Guide to the Rest of Your Life” and the upcoming “The Single Woman’s Guide to Retirement” (John Wiley & Sons, 2012).

Cullinane recommends that women look at creative housing arrangements to help lower costs. For instance, in co-housing communities, residents have their own attached or single-family homes, but they can take advantage of a communal dining room, recreational facilities, and other resources.

Women also can comfortably live with a friend or sibling in an apartment with two master bedrooms and share cooking and housing expenses.

“Where you live certainly affects how you live,” Cullinane says. Living among an appropriate peer group can help encourage you to live frugally and not outspend your means. If you are living in a community where everyone is pinching pennies and having potluck dinner parties, then you might feel at ease doing the same.

Another trend that Cullinane notices is Americans living abroad, where living costs and healthcare costs often are lower. American communities are springing up in Mexico and Panama to attract retirees, she says.

Improve your health

Retirees are often faced with huge healthcare expenses in their later years. About 75 percent of healthcare spending in the United Sates is due to chronic disease such as heart disease, stroke, cancer, and diabetes. These lifestyle-related diseases are largely under our control. To help combat them, get in good health now, Cullinane says, by exercising more and eating better.

Additionally, take the time to fit your house with universal design concepts, like wider doorways, rocker light switches, a first-floor master bedroom and a curb-less shower, to make rooms easily accessible. “Universal design allows you to stay where you are. You’re less likely to move to an assisted living facility if you can stay in your home longer,” Cullinane says.

People are working later in life because they need continued income, health benefits, and mental and social stimulation. “80 is the new 60,” Cullinane says. While seniors might not be able to land the traditional full-time jobs that they’ve had in the past, they might find alternative jobs with companies like Comfort Keepers, where they can act as aides to the elderly. Or, they might find a job where they can work part-time yet still receive health benefits, such as by working as an aide in a school system.

Making smart decisions now can make the road to retirement smoother. Being aware of financial and non-financial options to bridge the retirement gender gap can make your money last as long as you do.

Trying to sell your home? Ways to boost its value

3 tips for boosting home's appeal this Spring:
- Decorative pot with plants, twigs or other decorative elements on front steps
-Smell-test your house. This isn't about baking cookies before a showing. Does your hall closet smell like the vacuum cleaner? How does your oven smell? Garbage disposal?
-Warm up with the right lights. If you have put in CFL bulbs and the place looks cold or flat, warm up with CFLs rated with Kelvins between 2400 to 2700, for a yellowish light. Those with higher Kelvins look cold.
TIPS IN CHICAGO MAGAZINE COVER STORY:
FAST LANE (SELL THIS YEAR)
Boost your home's energy efficiency (You can then tell buyers the house will cost them less to operate than it cost you)
-Programmable thermostat
-Wrap your water heater in insulation
-Install a low-flow showerhead
(all cost $100 or less) Refresh, don't remodel
(Make selected changes, not whole-room fixes) Kitchen:
-New countertops
-Refinish or paint existing cabinets
-Replace sub-par appliances-but don't go for the super high-end replacements. Bath:
-New toilet seats, towel racks, light fixtures, Curb Appeal:
(What will people see from your front steps, where they're likely to wait while real estate agent opens the door?)
-Get trees and shrubs trimmed.
-Use a weed and feed for spring greenup
-Paint or refinish the front door
But don't make it look like a high-maintenance yard; buyers won't want to take on the cost. MEDIUM LANE (SELL IN A FEW YEARS)
Stay up on maintenance of roof, siding, and big mechanicals (furnace, air conditioner)
-If furnace or water heater will need replacing at sale time, do it now or soon, not at sale time, when you're going to have other expenses
-Pay attention to the roof: if you let it go so long that it needs a tearoff, that's 3 times the cost of a new layer.
-Expand into space you have Basement, attic and back yard.
-Cheaper to work with the footprint you have than to add new structure Look at local norms and comps. If what everybody has but you don't is a basement family room, then make that a priority to make yours competitive
-Make the back yard living space. Invest in a deck, a grilling station, built-in seating. (But don't get the high-maintenance items like a hot tub or waterfall)
Splurge A LITTLE on the kitchen and baths
(The value difference between a $5,000 fridge and a $1,500 fridge at sale time is zero_ Many buyers will want to make their own choices later, so do mid-priced upgrades.
In a bathroom, new shower doors, a pedestal sink or flooring can upgrade the room without a huge investment.
SLOW LANE (STAYING FOR THE LONG TERM)
Large-scale energy efficiency improvements: solar hot water, geothermal heat are big investments that pay off over a long span of years-you reap the benefit rather than passing it to the buyer Do that big kitchen renovation now: it's for you, not for an eventual buyer, so get the kitchen the way you want it (if you can afford to) Reconfigure your space to make it work for you long-term
need a mud room, workout room, computer work room? How can spaces be re-apportioned or re-assigned? Small additions-'bumpouts'-may help. Plan for aging in place
Rather than retrofit the whole house all at once when need strikes, gradually make changes Removal of barriers in doorways and shower doors, grab bars, low-set sinks, improved kitchen lighting.
Consider creating a first-floor master if you don't have one-or at least add a first-floor full bath.

Spring into.. Unique Tribeca style live/work loft in landmark Printers Row

 Unique Tribeca style live/work loft in landmark Printers Row bldg-4000 sf bi-level loft. Exposed brick/beems, 2 kitchens, 3 baths. 10' ceilings .Adaptable for most business uses. Great for law office/architect/gallery..any business use. Carpe Diem-Great value in stellar location. For Sale@947750 or rent@19.50sf..
email rgoldstein@rubloff.com for private showing

What Does Warren Buffet Think About Buying A Home?

by The KCM Crew on January 30, 2012 · 36 comments

• 
• 
• 
• 
  
• 2543Share
• 222
  inShare

Warren Buffet is seen by many as the greatest investor of our time. When he speaks, people listen. Like anyone else in his position of influence, he is criticized by some for using his bullhorn to promote his own business agendas at times. That makes it very interesting when we occasionally learn of how he privately advises those closest to him.
Such a situation occurred this week. Debbie Bosanek, Warren Buffet’s secretary of 37 years, recently purchased a second home in Surprise, Arizona.
In an article in the Omaha World Herald, Mrs. Bosanek discussed her reasons for purchasing a second home and the personal advice she received from Mr. Buffet.

“I just thought it was time to buy a home. Warren tells me that it will be the best opportunity in my lifetime. Mortgage rates are low and prices have dropped dramatically…I share Warren’s view about the future of America, and we believe that our country will do just fine. I’m happy to make this investment.”

The greatest investor of the last century privately has told the people closest to him that buying a home right now “will be the best opportunity in [their] lifetime”.
That’s good enough for us. How about you?

HOMES IN FORECLOSURE DECLINE BY 130,000

 

 

HOMES IN FORECLOSURE DECLINE BY 130,000

By Les Christie
NEW YORK (CNNMoney) -- Slowly, but surely, the foreclosure crisis seems to be abating.
The number of homes in foreclosure shrunk by 130,000, or 8.4%, in 2011, according to a report from CoreLogic, an economic research firm.
These are homes owned by borrowers who had slipped far behind on payments, forcing lenders to put them into the foreclosure process. The homes remain foreclosure inventory until they're sold -- either at auction or in a short sale, which is when a home is sold for less than the mortgage value -- or until homeowners are current again on payments.
There are dual reasons for the inventory drop, according to Mark Fleming, chief economist with CoreLogic.
Foreclosure deal has 40 states but others balk
"The pace at which properties are entering foreclosure is slowing," he said. "And servicers nationwide stepped up the rate at which they were able to process distressed assets."
In recent years, homes have entered foreclosure more slowly because lenders are carefully scrutinizing applicants; only very low-risk borrowers get loans. That, plus a gradual improvement in the economy, means fewer borrowers are getting into trouble.
Even borrowers in default are not going into the foreclosure process as quickly as they used to. They're being held up by a variety of judicial and regulatory constraints, according to Fleming.
For one thing, the robo-signing issue, in which banks filed sloppy and sometimes improper paperwork, made lenders more cautious about getting their paperwork in order before beginning to process foreclosures.
Once the banks do put homes into foreclosure, they're trying to speed them through it faster. One way they've done that is by encouraging short sales.
Another is that they've stepped up their foreclosure prevention efforts -- often with the aid of numerous government programs such as Home Affordable Modification Program, which the government claims has helped a million Americans keep their homes.
Post-foreclosure
After foreclosures are completed and the homes are back in the hands of their lenders, the homes are being sold very quickly.
"This is the first time in a year that REO sales [those of bank-owned properties] have outpaced completed foreclosures," said Fleming.
In December 2011, there were 103 sales of bank-owned homes for every 100 homes in foreclosure inventory. That was up considerably from November 2010, when there were only 94 REO sales for every 100 in the foreclosure process.
Florida has the dubious distinction of recording the highest foreclosure inventory in the nation in December, with more than 17% of homeowners seriously delinquent and nearly 12% of homes with mortgages in foreclosure inventory.

The inventory in Florida is bloated because, as in more than half of all the states, most foreclosures have to go through the courts.

Foreclosure free ride: Three years and no payments
Courts have taken a much closer look at the cases coming before them, no longer taking the bank's word for everything.. Consequently, it takes a longer time to schedule an auction, which keeps many homes trapped in the foreclosure pipeline.
A hard-hit state such as Nevada, which has had the highest incidence of delinquency in the nation but where most foreclosures do not go through he courts, posted a foreclosure inventory rate of less than half that of Florida.