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Tel: (847) 219 3704
Chicago never sufferred the massive price inflation of Miami, Las Vegas or California. And within Chicago, the Winnetka real estate market is not burdened with the over-supply of many outlying areas, on account of zoning laws and no additional development capacity. The history, charm, location and schools also serve as a strong buffer. There is simply no better Chicago suburb. As such, the pricing in Winnetka for sellers remains higher than local and national averages. That said, there are distressed opportunities that potential buyers can take advantage of. With today's historic low rates, it is a very smart time for qualified buyers to make a move.
Since the collapse of the global credit markets, mortgaging financing, particularly for jumbo loans, has been made more difficult. However, it is not as bad as you read in the papers! There are still many institutions offering jumbo loans at very competitive rates (as low as 4.5% for an ARM or 5% for a 30-year fixed) to qualified buyers. I can gladly advise you on the best current mortgage financing opportunities for homes and real estate in Winnetka.
If you are interested in buying or selling a home in Winnetka please contact me any time via phone at 847-219-3704 or via email at dee@winnetka-real-estate.com. I will do my best to respond within 24 hours!
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