Epain Homes

Just a brief follow-up from yesterday’s post…

So I took a little field trip today down to the Treasurer’s Office in the County Administration building at 118 N. Clark Street to get my client’s duplicate tax bill copy (client is out-of-state). And I would honestly give the office high marks for customer service! They have several people ready to assist you even before you enter the office so that you’re not having to waste time up at the counters filling out paperwork. There are also several service personnel circulating around the office…two cheers for Maria Pappas!! I’d be hard pressed to think of the last time I’ve experienced good customer service in Cook County or Illinois government (except my dad who used to be a great TV spokesman for IDOT during the 90s).

That being said, what’s up with the power trip over getting a copy of a tax bill?? Anyone, anywhere can view Cook County property tax bills and general property information over the Internet, yet they guard the release of duplicate tax bills copies like Fort Knox. Only the homeowner can get it unless you have a power of attorney (I have to pay them $1 for a duplicate due to their failure to send one to my client). I was fortunate to get a copy, I didn’t have a POA but did have an Order appointing my client executor of the home owner’s estate with me listed as the attorney of record.

7 tips from a first time homeowner (full article)…

1. Owning a home is more than a mortgage.

2. Always have cushion of cash for home repairs.

3. You can save a lot of money as a do-it-yourselfer.

4. But some jobs are worth hiring out — if you can afford it.

5. Buy used.

6. Having a yard is harder and more costly than you think.

7. You must plan and prioritize.

I’m no Warren Buffet but I thought I heard somewhere that in business it’s a good idea to try and make it as easy as possible for your customers or clients to pay your bills. I know we’re always thinking about this issue with our monthly client statements whether it means accepting credit cards, sending statements via e-mail, allowing Internet bill pay, or just including a self-addressed stamped envelope so all a client has to do is write a check and drop it in the mail. You’d be amazed at what a difference just enclosing an envelope and $.42 stamp did for speed of client payments.

And then there’s the Cook County Treasurer’s Office…

We represent the Estate of a gentleman who died within the last 6 months or so who owned a home in Cook County. There’s upwards of $800,000 in this Estate working it’s way through probate court and no surprise the home has yet to sell. And we need to pay the 2007 Second Installment tax bill. But for whatever reason my client, the executor of the Estate, who has had the decedent’s mail forwarded to his house hasn’t gotten the tax bill.

Well, the Treasurer will not let us pay the bill unless we have an original tax bill coupon included with the check. They don’t want our money! A check with a PIN and address and for the specific amount listed as due on the Website isn’t enough…they want their coupons!

So I’ll be stopping by the Treasurer’s Office tomorrow as part of my Daley Center morning and ordering a duplicate tax bill copy at the County Administration Building.

Why is the coupon so important? Isn’t it the tax revenue they’re after?

I don’t like Zillow nearly as much as Mary but I too do enjoy finding creative Buyer’s incentives like this one from Mary’s Sunday column:

The latest: The Brixton Group has partnered with designer Matt Lorenz, winner of Bravo TV’s “Top Design” competition in 2007, to offer his services to buyers at its C/A 23 condo development at 23 N. Aberdeen St. Anyone who buys one of the building’s 48 units through the end of January will get a $30,000 allowance that can be applied to the designer’s fee and any furnishings the buyer chooses in consultation with him.

September proved to be an exciting month for me, being voted Best Realtor by you all in the Best of Vancouver contest and then being quoted in the Macleans cover story on housing.

Unfortunatly our real estate market reality is pretty dull. More of the same market trends we’ve seen over the last many months: high inventory,lower sales and falling prices. Inventory has roared to 21,002 listings(+72% YOY) and sales continue to be well off from last year but an improvment MOM at 1619( -45% YOY). The MOI (months of inventory)has also stayed very high at 13 months compared with 4.4 months last Sept.

INVENTORY

SALES

MOI

Do you think that the stock market bloodbath will have any affect on our local real estate? Will investors sell in fear of a global recession? Or perhaps put money back into tangible assets like real estate?

All sub area inventory charts here: INVENTORY