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Featured Properties
1537 Sheridan Road,
Highland Park, IL
Bedrooms: 3
Full Bathrooms: 4
Price: $650,000
www.1537Sheridan.info
681 Central Avenue,
Deerfield, IL
Bedrooms: 3
Full Bathrooms: 3.1
Price: $445,000
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North Shore Area Market Update
Fast Stats for All the Local Areas
Do you wonder what the market is like in YOUR area? Click on any of the communities below to view the most up to date market statistics!
Glencoe
Highland Park
Deerfield
Northbrook
Winnetka
Get informed and get the facts on your area today!
New Year, New Buyers for Chicago North Shore Homes!
On Chicago's North Shore
Let's start off the New Year with a bit of good news! The Pending Home Sale Index for November 2011 increased by 7.3%, reaching a level of 100.1 This is the highest point the Index has reached in 19 months.
The Pending Home Sale Index is based on national contract activity, namely accepted purchase offers. The Index includes new contract activity, as well as second-round attempts from previously canceled deals. More on the new year outlook...
Is it better to give than receive? If you are looking to buy a North Shore home, a cash gift from family could help you fund the down payment. It would certainly be good to receive! But there are a few points that you and the gift-giver need to know. Here’s the latest on the subject, quoted from the New York Times:
“If you are giving a cash gift for a down payment, the giver must remember that under Federal law, each individual is permitted to give away money/valuables worth up to $13,000 to a single recipient in a calendar year. A married couple could jointly bestow up to $26,000 to a recipient in a calendar year. Anything above the annual maximum could be considered a taxable gift, and must be reported to the IRS.” Details about cash gifts...
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