My Blog June 21, 2023

Biophilic Design – Bringing Outdoors In and Focusing on Human Interaction

Live Plants and original travertine marble grace this Biophlic entry built and designed in the 1960's

Live plants and original travertine marble grace this Harry Weese-designed Biophilic entryway built in the 1960s. The ficus tree is original to the home.

Biophilic Design – Bringing the Outdoors In

Earlier this year, I read an article about BIOPHLIC Design, a real estate and architectural trend that has been making a comeback. Biophilic design was pioneered by Edward O. Wilson back in the 1980s when he focused on humans’ need to connect with nature. Biophlic design is a trend in the design and construction of homes that incorporates natural elements into the environment. Look for things like an abundance of natural material, wood, stone, and, plants. Views of nature, maximum natural light, water features, and, sounds of nature are all hallmarks of this trend. It has been touted that Biophilic design elements can reduce stress, and improve, productivity and creativity as well as improve sleep!

 

In 2021, I had the pleasure of being the listing agent for a stunning Harry Weese residential home in Oak Brook. Despite being built in the 1960s, before the birth of the biophilic movement,  this home incorporated biophilic design elements into this property. Shown above is the amazing Japanese-inspired atrium that featured live plants, including the ficus tree that was original to when this home was built! The surrounding flooring was travertine marble, which also reflected the objective to bring outside elements into the inside.

nature inspired materials

Note the natural materials incorporated into the design.

In addition to the live plant atrium, this home featured outdoor elements that arn line with a ‘biophlic’ mindset. Seen here are the nature-inspired family room and the sweeping entry to the expansive patio. Note the cantilevered first level that leads to a magnificent nature retreat and patio.

 

 

Milan’s Bosco Verticale

During a trip to Italy, I was amazed at this innovative building in Milan, the Bosco Verticale.

Since the Bosco Verticale was built in 2014, it’s inspired plenty of like-minded projects around the world. The towers that make up the development hold 20,000 trees overall, and the greenery is watered with filtered waste water.

Milan Italy Tree Building

Milan’s Bosco Verticale is an amazing urban experiment.

The concept behind the Vertical Forest, that of being a “home for trees that also houses humans and birds”, defines not only the urban and technological characteristics of the project but also the architectural language and its expressive qualities. On a formal level, the towers are mainly characterized by large, staggered, and overhanging balconies (each about three meters), designed to accommodate large external tubs for vegetation and to allow the growth of larger trees without hindrance, even over three floors of the building. At the same time, the porcelain stoneware finish of the facades incorporates the typical brown color of bark, evoking the image of a pair of gigantic trees in which to live and which are rich in literary and symbolic implications. The contrast with a series of elements in white stoneware – the stringcourses of the balconies and some modules on the front of the windowsills – introduces a syncopated rhythm in the composition which breaks up and “dematerializes” the visual compactness of the architectural bodies and amplifies the presence of the plants even more. More than just surfaces, the façades can be viewed as three-dimensional spaces not only because of the denseness and function of the green curtain but also in aesthetic-temporal terms, due to the multi-colored cyclical and morphological changes in the size of the plants.

 

For more information about this building and concept, click below:

https://www.stefanoboeriarchitetti.net/en/project/vertical-forest/

 

My Blog June 13, 2023

Summer Activities in Oak Brook

Summer Activities in the Oak Brook area.

Here is what’s happening in the Oak Brook area

this summer! 

 

 

 

OAK BROOK PARK DISTRICT SUMMER ACTIVITIES

Summer Schedule Oak Brook Park District

.

 

  • Oak Brook Park District Summer Concert Series kicks off Thursday, June 29 from 6:30 – 8:30 PM.

These FREE concerts will run every Thursday  Free admission to the public! Check out the Oak Brook Park District website for additional information and specifics.

https://www.obparks.org/special-events/summer-concert-series-chicago-skyliners

  • A Walk in the Park Wine Tour: Thursday, starting at 5:00 pm. Click on the link below to order tickets.

https://www.obparks.org/special-events/walk-park-wine-tour

 

  • National Night Out: Tuesday August 1 at 5:00PM. The Oak Brook Police Department and Hinsdale Police Department have teamed up with the Oak Brook Park District to bring you a FREE fun-filled evening designed to celebrate the community. This event will run rain or shine!

https://www.obparks.org/special-events/national-night-out

 

TASTE OF OAK BROOK

A Full list and information about this year’s Taste of Oak Brook.

  • Taste of Oak Brook: Monday, July 3, 3:00 pm when gates open.  Fireworks are at 9:30 PM. No Fee for Admission! The 2023 Taste of Oak Brook will offer a new beer garden as well as a limited number of private catered Cabanas and a live music band, ‘Sixteen Candles” who bring 80’s nostalgia to their music. Check out this link for more information about parking options. 

https://www.oak-brook.org/375/Taste-of-Oak-Brook

 

OAK BROOK POLO CLUB 2023

Oak Brook Polo Club schedule for 2023

Click for the full schedule and admission options for Oak Brook Polo.

  • Oak Brook Polo starts on Sunday, June 25th. Gates open at 1:00 pm and Polo Match is at 3:00 pm. Click here for the full schedule and additional information about tickets and various types of admission.  

https://www.oakbrookpoloclub.com/copy-of-sunday-polo

 

OAKBROOK CENTER SUMMER 2023

Oakbrook Center Summer Activities

Check out the schedule for summer activities at Oakbrook Center.

Oakbrook Center has a full line-up of Summer activities starting with Movies on The Lawn on Wednesdays June 14 through Wednesday August 23: 7pm – 9pm. 

https://www.oakbrookcenter.com/en/events.html

  • 53rd Annual Father’s Day Classic Car Show on Sunday, June 18: 11:00 am – 6:00 pm. Over 80 antique, classic vintage, and specialty cars will be on display. 

https://www.oakbrookcenter.com/en/events/53rd-annual-father-s-day-classic-car-show-26534.html

  • Oakbrook Center’s Live Music Series on Fridays commences on June 2 and runs through Friday, August 25. Live Music starts at 6:00 pm until 9:00 pm. 

https://www.oakbrookcenter.com/en/events/live-music-series-39766.html

For a full list of Summer Events at Oakbrook Center, click the link below:

https://www.oakbrookcenter.com/en/events.html

 

 

FULLERSBURG WOODS 

Fullersburg Woods

So much to do and see in Fullersburg Woods!

 

https://www.dupageforest.org/places-to-go/centers/fullerburg-woods-nature-education-center

Luxury market May 31, 2023

The Report – Luxury Market Insights for 2023 Copy

As a Coldwell Banker Global Luxury Specialist, I have outstanding resources and tools to share with my luxury market clients such as industry expert opinions and reports about trends, data, and insights into the luxury market sector. Check out the full 2023 Report at the link below.

Did you know in the Luxury Real Estate sector...

  • That indoor-outdoor living spaces, updated chef’s kitchens, and great views are top of mind for what defines a ‘Dream Home’ in 2023?
  • That secondary homes have become mainstays in 2023?

The Report 2023, published by the Coldwell Banker Global Luxury® program, curates the latest luxury real estate insider intelligence and forecasted market trends from the Institute for Luxury Home Marketing, Wealth-X, Coldwell Banker Global Luxury Property Specialists, and other wealth experts.

Also included in The Report, along with much more: 

  • Luxury in Review 2022 – Mixed quarterly data signals the start of a housing market correction
  • U.S. Luxury Outlook 2023  – Coldwell Banker Global Luxury Property Specialists, Luxury Institute CEO Milton Pedraza and other thought leaders reveal the trends most likely to define the next iteration of American high-end property buying and selling
  • The Opportunity Index – A review of 125 U.S. luxury home markets that could be opportunities for buyers and sellers this spring
  • New Narratives for 2023 – The next stories shaping the luxury real estate landscape, from the psychology of pricing to the outsized influence of the Top 20% and the top market misconceptions, debunked
  • Global Luxury Outlook 2023 – The trends currently driving high-net-worth global property buying

Click below to read the full report. You will find lots of interesting and relevant information and insights about the Luxury Market 2023.

https://issuu.com/thereportgroup/docs/cbgl_the_report_2023?fr=sMTdjNjUzNTYxMDI

 

Luxury marketMy Blog May 24, 2023

The Report – Luxury Market Insights for 2023

As a Coldwell Banker Global Luxury Specialist, I have outstanding resources and tools to share with my luxury market clients such as industry expert opinions and reports about trends, data, and insights into the luxury market sector. Check out the full 2023 Report at the link below.

Did you know in the Luxury Real Estate sector...

  • That indoor-outdoor living spaces, updated chef’s kitchens, and great views are top of mind for what defines a ‘Dream Home’ in 2023?
  • That secondary homes have become mainstays in 2023?

The Report 2023, published by the Coldwell Banker Global Luxury® program, curates the latest luxury real estate insider intelligence and forecasted market trends from the Institute for Luxury Home Marketing, Wealth-X, Coldwell Banker Global Luxury Property Specialists, and other wealth experts.

Also included in The Report, along with much more: 

  • Luxury in Review 2022 – Mixed quarterly data signals the start of a housing market correction
  • U.S. Luxury Outlook 2023  – Coldwell Banker Global Luxury Property Specialists, Luxury Institute CEO Milton Pedraza and other thought leaders reveal the trends most likely to define the next iteration of American high-end property buying and selling
  • The Opportunity Index – A review of 125 U.S. luxury home markets that could be opportunities for buyers and sellers this spring
  • New Narratives for 2023 – The next stories shaping the luxury real estate landscape, from the psychology of pricing to the outsized influence of the Top 20% and the top market misconceptions, debunked
  • Global Luxury Outlook 2023 – The trends currently driving high-net-worth global property buying

Click below to read the full report. You will find lots of interesting and relevant information and insights about the Luxury Market 2023.

https://issuu.com/thereportgroup/docs/cbgl_the_report_2023?fr=sMTdjNjUzNTYxMDI

 

My Blog May 23, 2023

Choosing the Right Real Estate Agent for You

 

Choosing the Right Agent. Knowledge is Power.

As I reflect on my 22 years as a full-time Realtor, I have experienced some significant real estate market ebbs and flows. There have been the hypermarkets, the correcting markets, the slow markets, and the ultra-competitive markets.

Shortly after I became a licensed agent in 2001, homeownership peaked at an all-time high and the market and home value growth was at the highest level in decades.

Then came the onset of the 2005 Housing Bubble. 2007 and 2008 brought global stock market corrections and falling home sales. 2009 began the wave of foreclosures.

Now fast forward to the 2020 pandemic market that saw housing gain more value in any year since 2005. Super-charged demand drove intense competition among buyers adding to the large Millennial generation aging into prime first-time buying age and near lows for mortgage interest rates. The high demand did not stop in 2021, which was a banner year for the metropolitan Chicago area and buyers were still working remotely. Multiple offers, bidding wars, over-list price sales prices, escalation clauses, and appraisal gap addendums became commonplace elements of offers.

2022 saw a bit of a cool down but intense demand continued for homes that were located in highly desirable locations and in updated condition.

Now enter 2023 where we are just beginning to see a just a bit of a price cool down in the hyper-competitive markets. Tight inventory continues as do multiple offer scenarios. There is great value in working with an agent that is comfortable with navigating these conditions and situations.

Read below some of the benefits of working with a tenured and trusted real estate agent that has navigated both strong and market corrections.

  • Knowledge of the market: I have a deep understanding of the local market, including current trends, prices, and inventory. This knowledge can help you make informed decisions about buying or selling a home.
  • Negotiation skills: Having experience in a variety of market climates, I am a skilled negotiator who can help you get the best possible price for your home. I know how to work with sellers and their agents in order to create win-win outcomes.
  • Access to resources: I have access to a wide range of resources, including listings, market data, and lenders. This can streamline the home buying or selling process.
  • Peace of mind: My goal is to give my clients peace of mind knowing that you have someone who is knowledgeable, experienced, and on your side. They can handle all the details of the home buying or selling process so you can focus on what’s important to you.
  • Expert advice: An experienced agent can provide you with expert advice on everything from financing to home inspection. This can help you make informed decisions that will benefit you in the long run.
  • My goal is to help you navigate the complex processes of a real estate transaction and make sure you get the best possible outcome.  Contact me today for your personalized real estate game plan. 

If you’re thinking about buying or selling a home, it’s important to interview tenured agents before making a decision. Ask about experience, qualifications, and what they can offer you. Choose an agent who you trust and feel comfortable with and who you believe can help you achieve your goals.

 

 

My Blog May 9, 2023

Selling in Today’s Market – Spring 2023

 

Walking through the doors with solutions with selling in today’s market.

As a seasoned listing agent, I have not experienced such low inventory levels in the past 20-plus years of selling real estate.  While the current market is more of a sellers’ market, this does not mean that today’s sellers can lower their standards when marketing their home for sale. Below are some thoughts for sellers to take under consideration when putting your home on the market.

  • Price it right for a quick and successful sale.
  • One of the secrets to realizing top dollar for a home is to create buyer interest and a sense of excitement right out of the gate. We are still seeing multiple offer and over list price situations particularly when a home is well positioned price wise.
  • Sell with confidence by doing the homework. 
  • It’s imperative to evaluate your hyper-market by using live data to see how your home compares to relevant active listings and recently sold properties. This data provides sellers with the numbers to set expectations and develop a strategy.
  • Set a price based on the relevant market data and seller goals.
  • First impressions are KEY. 
  • Sellers have one chance to create a first impression.
  • It is crucial to prepare your property which includes well-curated staging so a potential buyer can envision themselves living in the home.
  • State-of-the-art photography and premium imagery are ‘must haves’ that set the tone for marketing on the multiple platforms in today’s world. Coldwell Banker provides me with the best of the best marketing tools and resources in the industry!
  • Proper Preparation Prevents Poor Performance.
  • Take the steps needed to maximize the sale price. Often small changes make a big difference to the sale price.
  • Additionally, there are programs such as Coldwell Banker Realty’s RealVitalize program which  provides home sellers with value-adding home improvement resources prior to or during the home listing period with sellers spending no money upfront.

Sellers must be educated about their individual micro market is key and a seller-focused real estate agent that is in-tune with your market will be one of your most powerful tools. There is the real estate market and then there is YOUR market.

See what one of my seller clients had to say about working with me and visit my website! http://www.homesbykarenbaker.com

Seller Testimonial

“Karen was extremely helpful throughout the entire home sale process. She recommended areas of the house that needed attention prior to going to market and provided us with qualified referrals that helped us prepare our home. Karen also provided us with a Market Analysis of our home that was factual and complete. Karen’s marketing strategies were top notch and sparked heavy interest in our home including getting multiple offers. Karen’s premium photography resources were outstanding. We felt that our home was represented exceptionally well. During negotiations, Karen was on top of the process and provided us with sage counsel on the decision points. We can’t say enough good things about Karen when she listed our home. ” 

 

 

 

 

My Blog April 21, 2023

Pre-Closing and Reviewing Documents

                                         

Getting To The Closing Table

As I look forward to an early May closing in just a couple of weeks for lovely  first-time home buyer clients, here’s a review of the final steps and documents needed to get to the closing table.

Closing or Settlement is the final step in mortgage loan application process. Buyers should anticipate having close contact with their lender to review the status of their file. Buyers will also be in contact with their real estate attorney for any final questions or explanations needed.

Required Documents to Review

It is important for the buyer to be aware of the documents that will need to be reviewed.  These include the Mortgage Note, the Deed of Trust and the Closing Disclosure. Buyers will review these documents in detail with their real estate attorney.

The Deed of Trust essentially confirms that the buyer understands the loan terms and promises to fully repay the loan amount. It also reiterates your right as a lender to foreclose the loan if the buyer fails to repay the loan amount.

By law, Buyers must receive the Closing Disclosure (CD) at least three days prior to closing.

This document specifies changes (if any) in the mortgage loan plan or interest rates since the start of the application. It also confirms the actual purchase cost compared to the estimated amount. The Closing Disclosure (CD) is an important document for all Buyers to review.

At this stage, the homebuyer will need to sign declarations confirming that he/she understands his/her obligations and rights as a homeowner. The closing disclosure is also signed.

Final Review and Signing

After reviewing everything, the process of property transfer begins. This procedure may vary across different states. You can check laws to ensure compliance.

After these documents are reviewed, signed and the lender (if there is a mortgage involved) will do one final review of all of these documents. Once the lender signs off on this, the funds will be dispersed.

Congratulations!

Finally, the keys are handed over to the buyer. All of your hard work and patience have paid off!

My Blog March 29, 2023

2023 Spring Market – Multiple Offers Still Being Received

  • Multiple Offers Still Being Seen in the Spring Market

 

With the Spring 2023 market in full swing, some local micro markets are consistently seeing multiple offer scenarios. I recently represented buyers in one such market with historically tight inventory and am happy to report that my clients’ offer was accepted!

Many of today’s active buyers have re-entered the market after the white hot 2022 market. Therefore, multiple offer scenarios have returned in certain markets and many of these sought-after properties have almost immediately called for highest and best offers with no escalation clauses and in some cases, buyers have employed appraisal gap addendums. Additionally, a good number of these properties have been sold while still listed in the Private Listing Network. When faced with an ultra competitive buyers’ market it is crucial to keep a close pulse on the market.

Here are some tips and strategies for a competitive real estate market situations:

  • Start the process early and become deeply knowledgeable about your target market.
  • It is crucial to connect with a lender that will assess your financials so you know what you can realistically afford.
  • Work with a local real estate agent that  is on top of the market. Your agent will educate and prepare you for what you may encounter in a hyper-competitive market.
  • Have patience. Finding a home in a sought-after market may not happen quickly. You will know when you find ‘your’ home.
  • Be prepared to write a competitive offer. This is not the type of market to ‘test the waters’. Keep in mind that some sellers will ask for ‘Highest and Best’. Also be prepared for sellers to not accept escalation clauses or buyer letters to the sellers with multiple offer situations.
  • Be aware that a buyer may be faced with getting only one ‘bite of the apple’ and it is imperative to put your best foot forward in such a scenario as you only get one chance.
  • Sellers are looking for clean contracts with terms that are favorable to what a seller is looking for. Terms can include a quick closing or even a post-closing possession are not unusual to see.  Terms – such as down payment amount, taking the property in ‘as-is’ condition, and closing timeframes are sometimes more important than the price to a seller.

Bottom line: with the support and guidance of your trusted realtor, you will be confident in your decisions and feel comfortable with moving quickly in putting a successful offer together in a multiple offer situation.

Please reach out if I can assist you with your real estate needs. It would be my pleasure!

 

 

 

My Blog January 5, 2023

Pantone’s 2023 Color Of The Year

I love color and each year I can’t wait to see what Pantone will select for it’s Color Of The Year. I’m  really looking forward to seeing 2023’s color, Viva Magenta, as pops of color and home accents.

This color is rooted in nature, and has been described as ‘brave and fearless, and a color whose exuberance promotes a joyous and optimistic celebration’.

Do you see using this color in your home?

#realestatetrends #coloroftheyear2023 #realestateadvisor #coldwellbankerrealty #magentaverse

 

Click on the link below to read more about this Color Of The Year!

https://www.pantone.com/articles/color-of-the-year/what-is-viva-magenta

My Blog January 3, 2023

Defining your Real Estate Goals for 2023

With the new year just kicking off, now is the time to think about your real estate goals for 2023. 

If buying or selling a home is on your 2023 agenda, it is critical for you to understand today’s housing market.

2022 brought high inflation and increased interest rates, which have an impact of the economy as well as the housing market.  There are three key questions to be asking yourself as you consider your 2023 goals.

1. What is Motivating you? Is your motivation becoming a first time homeowner? The need for more space? The need for less space and/or something with lower maintenance? A career/job relocation? Selling a family home, settling an estate or divesting real estate assets? Whatever the reason is, use your motivating factors as your guidepost to achieve a lasting sense of accomplishment.

2. Envision What Your Next Home Will Look Like. When you know you want to move or want to sell, think about the essential elements of your dream home. You also want to make a list of the non-negotiable home features and the features the have a more flexible criteria. Finding a balance with your wants and needs is important. Location and condition are two key factors that are typically at the top of buyers’ wish lists.

3. How Ready Are You To Buy? Before your get too far into the home buying process, it is imperative to consult with a lender or financial advisor to have a deep understanding of what your position to buy is. A pre-approval from a lender and down payment review are musts to secure a smooth transaction. If your move involves selling your existing home, you will want a review of your home equity.

A real estate professional has the experience, knowledge and training to guide you through every step of the process. A real estate transaction is a process that can feel overwhelming. A lack of information can create misconceptions about the real estate market and sale process, but working with a trusted expert can connect you with the best and most relevant market data about the state of today’s market.

Let’s connect to review your 2023 goals so they can become a reality!