In March when this China Virus hit, we thought Real estate would tank. We thought Sellers would not want to Sell and Buyers would not want to buy. This is the formula for a stagnant market and lower home Prices.

But the opposite happened. The Market went and is still Crazy, Indiana and Illinois! Prices are Rising. Homes are getting multiple offers. Demand is outrageous!

Buyers are out in droves. Sellers are not in the mood to sell. This creates high demand and low inventory. When this happens...... Prices Rise!

We are not sure why a pandemic would create such a crazy market, but we have our ideas. 

One thing these buyers have in common is they all drink Lake Michigan Water. Maybe there is something in the water?

How about Crime? Good people want their families to grow up in a less volatile area. Are they all relocating for that reason?

How about Covid? We now know that crowds and prolonged exposure in crowds spread the virus. Are these buyers moving out of the urban and wanting suburbia?

It is our humble opinion that 2 of the 3 theories are correct. To what degree is up to the smart folks to figure out.

I know this sounds like a real estate cliche, but if you are going to move in the near future, now should be the near future! After what we have experienced in 2020, we don't know what the hell is yet to come!

Through the Eyes of our Puppy

 

Why are we Responsible for this?

 

Real Estate Thoughts

 

This is probably the Craziest Real Estate Year we have ever seen!

When many parts of the nation are experiencing Real estate slow downs and Home price drops, our suburban areas of Illinois and Indiana are experiencing the opposite: High Demand and Higher Selling Prices!  

Is it Covid or Crime or both that have people moving like we've never seen before?

This is a Remarkable time to sell your home, if that has been in your Plans, Give us a Call.

Also, give a wave or smile to our Police Officers as they go by. What a tough time to be in Law Enforcement.

Who is to Blame?

 Question: We recently bought what seemed to be a well maintained house. We didn't get a home inspection and after being in the home two weeks, noticed that the ceiling sagged in the living room & were poorly patched.  After having heavy fall for two days we noticed two leaky areas in the roof. Are the sellers liable for not disclosing the faulty roof when it is evident that they knew? Also, our basement flooded.

Answer: Supermarkets sell eggs in plastic holders. If you look at & inspect the cartons you can see if the eggs are okay. If you don't look, you can't blame the supermarket.

If the ceilings were badly patched, you could plainly see that there had been problems. The repairs were not hidden. In effect, you were on notice that questions should be asked.

As a buyer you should have obtained a professional home inspection to find problems, including those that you might not see. As to the responsibility of the sellers, it depends on the jurisdiction where the home was sold, what disclosures were made, and whether or not the property was sold in "as is" condition.  Also, in the past couple of seasons, some areas  have experienced levels of rain not seen in decades -- and thus leaks and flooding not seen in years. Sellers are not responsible for freak future storms or the leaks they might cause.