Feeds:
Posts
Comments

Posts Tagged ‘real estate’

Great article in today’s Trib about Shodeen’s very recent sale of a great apartment complex in Geneva.  Could it be that Shodeen sees the market turning around? Maybe he thinks the halcyon days of renters galore are coming to an end and the joys of home ownership are going to be enjoyed by more Americans in the very near future?

http://www.chicagotribune.com/news/local/suburbs/batavia_geneva_st_charles/community/chi-ugc-article-sale-on-brittany-court-apartments-in-geneva-2013-02-28,0,7908667.story

Image

There could be a few first time home buyers in here that need a great Realtor!

I am just going to tell myself that the Shodeen’s did not call on me to list these buildings because they know my true passion is single family homes in Geneva, in case you are wondering!

THINK SOLD!

Teresa

 

Read Full Post »

 

 

Myles & Mom... photo courtesy of Roger Brown

 

That was the beginning of a conversation that I had with an acquaintance while I was attending a very fun holiday party last Saturday night. I asked her right away why she would think that?  She parroted back to me all of the media doom and gloom she has either read about or heard, and then she told me she has SEVERAL friends who are Realtors (Don’t we all???) who are miserable. We compared notes for a little while, and she moved on. (Thankfully!)  Sure, it’s been brutal for the last couple of years, but that’s probably the case for many, many industries out there, not just real-estate. The airlines, the auto industry, the finance world, health care providers, retailers and small businesses across the land, just to name a few. It didn’t take a whole lot of time for me to re-assure myself of all the reasons I am so thankful for my job…. Here are a few:

  • I love a good challenge! Marketing these homes and getting them under contract, and keeping them that way until the closing table is in clear sight, gives me a little adrenaline rush and a sense of pride!
  • I have watched colleagues and whole offices leave my market area, belly up, for the last 3 years… I am proud to still be here, leading an amazing group of Realtors in my office, doing more business than ever before. Our tiny office of 12 agents currently is 5th in volume in Geneva for 2010! The companies ahead of us have no less than 80 agents, each! I LOVE IT!
  • I guess I also like to be appreciated… the sense of accomplishment and thankfulness (from MOST of my clients) makes me feel good! I love a great “thank you” card or a new testimonial for my website….. if folks are impressed enough with your service to take a little time to put it in writing, in this busy world, it makes you feel special.
  • My reputation in the community is growing. I love to share my information and my market knowledge with anybody who asks…. it’s no secret! Those who own real-estate want to know how the market is faring, and what’s going on in their neighborhood….. I’ve seen thousands and thousands of properties in the last 22 years, and I love to compare notes about my observations!
  • I am honored, constantly, by those who choose to hire me for what will probably big one of the biggest transactions, financially, in their lives. Honored by their trust in me and their belief that I will get it done for them.
  • I love to find another way to get something done… this crazy market presents new problems to be solved CONTINUALLY! I enjoy being able to solve them, whatever they are, and move on. When I was business partners with Terra Ayres, I think I drove her nuts! There were times when the logical thing to do would be to cut my losses and move on, but I couldn’t stand walking away from a listing that was in the throes of foreclosure, or a buyer who had “analysis paralysis“! Those transactions were the most frustrating AND the most satisfying, for some weird reason.
  • I have enjoyed a career that is so flexible I can be home with the kids when I want to or need to… take a vacation when I want to…. skip work for the day to head off to a garden walk at the last minute…
  • I have had the luxury of meeting so MANY, MANY great people over the years, sheerly because of my job.
  • Every single listing is DIFFERENT… different sellers, different strategies, different marketing, different buyers, different buyer’s agents… DIFFERENT.

So I guess I don’t hate my job… occasionally, yes, it has its’ moments. Maybe it’s the time of year, or maybe it’s really thankfulness in general, but whatever it is I am still glad to be a part of it!

 

Read Full Post »

The Stone Tower Properties real estate office

Stone Tower Properties Real Estate in Geneva, IL

Happy Monday to all!

Yes, it’s been a crazy summer. Happy to report that all is well… kids are almost ready to go back to school, I am almost ready to drop them off, and I am definitely ready to get back to my blog.

Selling real estate is an obsessive little gig…. It seems as if EVERYWHERE I go, people always want to know “what’s up with the market?” “how much do you think the market has taken a hit… 10%, 20%..more?” “what’s up with the mortgage rates, do you think I could re-fi?” “are there any REALLY good deals out there?”…. They ask at church, they ask at school, they ask when we are downtown having a drink at Bien Trucha….. everyone is obsessed with real estate!It’s the American Dream AND the American Nightmare right now. Of course, I am in it up to my eyeballs and I am passionate about it, so it’s fascinating to me to realize how many others are interested in it as well. I know for most folks that it’s the largest investment that they have, so of course they want to check on it whenever they can. Unfortunately, they can’t just look at a ticker-tape on the CNN website to see how their “investment” is doing that day. So, they ask a LOCAL professional. Which brings me to my next point…. COME ON! If you are traveling to Disney next week, you are probably going to look up the weather for Florida. Maybe, if you are really type-A, you will zoom in as far as “Orlando” to get your information. Correct??? So, it goes without saying, that if you are in the need of a Realtor, why in the world would you use a Realtor from Arlington Heights to buy real estate out here? Or worse, to SELL real estate out here??? This is no lie… about 3 months ago I had a listing in Pepper Valley in Geneva. It’s a very nice community! It has a playground, tennis courts, 2 pools and a clubhouse, and it’s really close to several elementary schools. I had a TOP PRODUCER from St. Charles, part of a famous “team” of Realtors, call me to ask me all about the pool in Pepper Valley. He has been selling real estate in our area for YEARS and knew nothing about one of the great assets of living in Pepper Valley. Didn’t know where it was, and darned sure didn’t even know it existed until he showed my listing.  Do yourself, and your family finances, a favor- use someone LOCAL when you buy real estate.

Thought I would throw a few statistics out there today!

  • A Stone Tower Properties agent either LISTED or SOLD 43% of the Geneva properties that were $550,000 or MORE since January 1, 2010!
  • 82% of all sales in Geneva (there have been 197 single family homes sold as of today) were $400,000 and UNDER!
  • There are 234 homes on the market as of right this moment… from $154,900 to $1,899,000
  • The most expensive home that has closed, through the MLS, so far in 2010, was $825,000. It was on the market for 664 days, and started out at an original list price of $1,195,000
  • The least expensive home that has closed, through the MLS, so far in 2010, was $125,000. It was on the market for 478 days and war originally listed at $219,900. This property was a distressed sale (not a foreclosure, a short-sale)

Financing continues to be a thorn in our side. Appraisals routinely present problems. The closings routinely have complications that arise. The banks are CRAZY (Not a GOOD crazy!) However, in spite of all of that, buyers continue to buy! Sellers continue to sell! Rates are amazingly low, AMAZINGLY low! So, real estate continues to be an action-packed adventure, worthy of discussing almost everywhere you go! Go ahead, leave me a question below and let’s play “try to stump the Realtor!” Or, if you have a question in general, throw it out there in the comment section and I will answer as best I can…. looking forward to seeing what all of you are interested in!

THINK SOLD!

Teresa Keenan

Read Full Post »

Front door Friday fotos 012If you are a husband, you should be shopping here! The service is UNPARALLELED and extremely professional…..  2nd generation owner who prides herself on her exquisite inventory….

See if you can guess which business this door belongs to! Email me at teresa@stonetowerproperties.com if you think you know the answer! Have a great Friday, and I hope to see each and every one of you at the Christmas walk downtown Geneva this weekend!

THINK SOLD!

Teresa Keenan

Read Full Post »

Read Full Post »

Iphone photos October 2009 031  

Welcome to…….

Front Door Fridays”…..in an effort to support our awesome local merchants, I will be posting some of my favorite “front doors” on Fridays. Most of the time the doors will be photos of the merchant’s doors… sometimes I will throw in a favorite home I have sold or something fun that catches my eye! If you are the first person to email me with the identity of the mystery photo, I will send you a gift card!! Now, let’s just manage expectations here…. The gift card will:

· Not be for $1000

· Be something you should enjoy immediately at said merchant locations!

· Be provided by Stone Tower Properties… it won’t be something I will be asking the merchants to donate!

· Be sent via US Mail, so when you email me, include your address!

I will announce the winner each week on the THINKSOLD site…..Once again, thank you for reading/subscribing to my blog, and thank you for your continued support of the best real-estate firm in Geneva!

So, for our first ever "Front Door Friday", who knows which charming little retail shop this front door belongs to?? Good luck and I hope to hear from you SOON!

THINK SOLD!

Teresa Keenan, Broker/Owner of Stone Tower Properties

115 Campbell St, suite 201

Geneva, IL 60134

630-917-2717

Read Full Post »