Trees and flowers are in bloom and warmer weather is right around the corner. The spring season is also a time of renewal and change. If you or someone in your family is considering buying, selling, relocating, or downsizing—call us today at 847.275.0277. We’re here to help!
• Median Sales Price: $475,000 +8.6%
• Average Days on Market: 33 -21.4%
• New Listings: 493 -17.1%
• Homes Under Contract: 388 -19.3%
• Absorption Rate: 98.2%
WE KNOW THAT WHEN IT COMES TO YOUR HOME, who you choose to work with matters. That’s why The Burhop Group is so excited to introduce our newest team member, Emily Doubek. Emily’s marketing background and network will help to expand our reach, getting the attention of an even larger pool of potential buyers for your listings as well as providing additional support services for our clients.
The true strength of our team is our collaborative approach, and Emily will bring a lot to the table. Together with Tracy Bongiorno, we listen to our client’s needs and then work tirelessly to create unique, creative solutions that help achieve their goals. Recently, Tracy’s ingenuity and love for estate sales secured a contract for a buyer in a tight market, and her commitment to going above and beyond helped us achieve record prices for many of our sellers last year. That dedication to exceeding our client’s expectations is what we call The Burhop Group Difference and it’s part of our mission to provide stand-out service to our buyers and sellers. Call us anytime to chat about how we can make the difference for you! n — Shaunna Burhop
SALUTE INC.
• Median Sales Price: $263,500 +11.8%
• Average Days on Market: 23 -4.2%
• New Listings: 396 +10.6%
• Homes Under Contract: 340 +4.9%
Absorption
25 MAY
HONOR AND REMEMBER WALK
Help celebrate Memorial Day by remembering the veterans who were in our life, and honoring those that are still with us, by joining in on a 2-Mile Honor Walk or a 4-mile Remember Run around Lake Arlington. For more information or to register: www.saluteinc. org/events/honor-andremember-walk-run/.
Under new rules, agents working with buyers will be required to enter into a written agreement outlining the relationship and compensation.
YOU’VE LIKELY HEARD ABOUT THE SETTLEMENT reached with the National Association of Realtors® (NAR) and how buyers should both work with and compensate their agent. New rules pending court approval would create additional transparency and could alter the way some deals are put together. As your trusted agents, we feel it’s important to help answer some of the most frequently asked questions you might have regarding this settlement:
What is the biggest change for buyers?
Agents working with buyers will be required to enter into a written agreement, outlining the relationship and compensation. Previously this was optional.
Will it make buying a home more expensive? The settlement does not fundamentally change the cost associated in working with an agent. The changes would simply create more transparency around compensation.
Will it affect the price of a home?
No. Home prices are determined by market supply and demand. Traditionally, the commission for both the seller and buyer side has come out of seller’s proceeds and
If you have additional questions, please email me at: shaunna.burhop@bairdwarner.com. THE NEW DEAL:
been included in the “overall value” of the home. Moving forward, some sold prices will include buyer’s agent compensation— and some may not—if the buyer pays out of pocket (like comparing apples to oranges so this one will be tricky from an appraisal and comparative value perspective).
Will the seller still have the option of offering compensation to the buyer’s agent? Yes! This will be a way for sellers to appeal to a segment of buyers who’d rather include their agent’s compensation in the price of the home so they don’t need to use liquid resources (meaning sellers can simply factor that into the price they are willing to sell for; it’s a win-win and they net the same amount).
Since 1855 at Baird & Warner and 2002 at The Burhop Group, we have built our business and earned our clients’ trust by being transparent, delivering outstanding value, and conducting ourselves with the highest level of integrity. We know buying and selling a house is a complicated, arduous and highly emotional process. Professional agents understand that all too well; it’s what motivates us to leverage our local knowledge, deep expertise and industry tools to bring tangible value to our clients. You can always trust us to give you the information you need to make the best decision possible for you and your family. n — S.B.
