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Real estate is a topic that is important to everyone, for many reasons. Each week, join Dave Nimick as he cuts through all the noise to deliver you the unfiltered truth about the Chicago residential real estate market. Whether you’re a Chicago homeowner, a renter, actively in the market, or just enjoy keeping up to date with what’s going on - If you want to know the difference between what's REALLY happening in Chicago real estate instead of all the fluff out there, this is the podcast for you.
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Winnetka is one of the oldest and most established communities located in the heart of Chicago's historic North Shore. Every Wednesday, join Dave Nimick, a long-time resident and Winnetka enthusiast, as he interviews influential local educators, community leaders and residents as well as providing expert insights into our specific real estate market that can't be found anywhere else. If you are a current Winnetka resident, someone who is considering moving to this wonderful North Shore villa ...
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This is one of the strangest and most unpredictable times in real estate in the last decade. The bumpy economy, constraints on affordability, lack of available homes and lower buyer demand are all playing a part. Interest rates remain stubbornly high. Listen to real estate expert Dave Nimick make sense of all the dynamics at play, as he interprets …
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Jodi Reuter, the dedicated Principal of Sacred Heart School. With an educational journey spanning 27 years, Jodi's dedication to molding the hearts and minds of students is truly inspirational. Starting as a grade school teacher, she acquired a 360-degree view of the education system which later propelled her to several administrative positions lea…
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Learn the latest about the trends in Winnetka real estate from the most knowledgeable agent in the Winnetka area. 2023 remains a year unlike any other - tune in to find out why. In this episode, you will learn: The reason why it’s still a seller’s market, even with fewer buyers The nuances between three different price ranges in Winnetka How the cu…
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If you're feeling overwhelmed and frustrated by the lack of success in the Winnetka real estate market, despite your efforts to buy or sell a home, then you’re not alone! Many potential homebuyers and sellers are struggling to make informed decisions and achieve the desired results in this competitive market. In this episode, you will learn about: …
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Liz Kunkle, a name that resonates strongly within the environmental advocacy sphere in Winnetka. Liz's journey, saturated in various environmental endeavors, stitches together several roles. From co-founding Go Green Winnetka to her latest accomplishment, as the Illinois Environmental Council's first Zero Waste Policy Manager, Liz's commitment to t…
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Allison Brown and Marshall Brown are a dynamic couple who have experienced living in various parts of the United States before settling in Winnetka. They bring with them a unique perspective on community life and what it takes to create a sense of belonging within a local area. With Allison's upbringing in a suburban area of Los Angeles and Marshal…
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In this episode, Dave discusses the current real estate market through May 2023. Key Takeaways: So far, the northside neighborhoods have had a better year than much of the city. As a whole, supply is down about 15%, but demand is down almost twice that across all of Chicago. Interest rates are driving both the low supply and the lower demand. Suppl…
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Beth Carmody is a passionate educator with a wealth of experience in the field, having begun her journey in education by aiding her younger brother with learning disabilities. She went on to explore various roles in education, from camp counseling to working in childcare centers and eventually becoming a kindergarten and first-grade teacher. During…
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In this episode of Live Winnetka, Dave Nimick reveals the real estate numbers for May of 2023 and what they mean for buyers and sellers. With a dramatic drop in the number of listings, contracts, and sales, the market is still a seller's market, but for how long? Tune in to find out. In this episode, you will learn about: The latest crucial real es…
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Colin Cross, a devoted paddle tennis aficionado and president of the Winnetka Platform Tennis Club. Having lived in Winnetka for over 30 years, he has established deep connections within the community and contributed significantly to the growth of paddle tennis. With more than 15 years of experience in the sport, he is passionate about sharing his …
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Joshua Swanner is a passionate educator with 18 years of experience in the field, including teaching social studies, serving as an assistant principal, and now leading as the principal of Greeley Elementary School in Winnetka, Illinois. With a master's in Educational Leadership and currently pursuing a doctorate in Education, Policy, Organization, …
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In this episode, Dave discusses: Stories happening in the Spring 2023 real estate market. What makes this year different from prior years. The inconsistencies in the current market. Understanding what you want during your sale or purchase. Key Takeaways: You want to work with an agent who listens to what is most important to you and understands the…
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John Peterson, Executive Director of the Winnetka Park District, is a passionate advocate for community involvement and sustainable practices. With a background in risk management, John's career took a local turn when he decided to focus on giving back to his beloved Winnetka community. Under John's leadership, the Park District has flourished with…
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Ed Gjertsen and Alexandrea Gjertsen are long time residents of Winnetka who have experienced firsthand the strong sense of community that makes this town so special. Having lived in the area for over 25 years, they have raised their children in Winnetka and have seen the positive impact of the progressive education system on their kids. Ed and Alex…
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In this episode, Dave and Ed discuss: Why you should consult a financial professional when buying a home. Active engagement on behalf of your clients. Areas homeowners might overlook when purchasing real estate. Real estate investing. Key Takeaways: Your financial advisor can give you guidance, but, ultimately, it is your decision. They are the coa…
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Luke Livingston, an educator with a passion for teaching, thoroughly enjoys the progressive education approach at Crow Island School, where students learn important skills like empathy and problem-solving through hands-on activities. In this episode, you will learn about: The journey through the innovative progressive education model of Crow Island…
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In this episode, Dave discusses: The top questions to ask an agent when buying a home The deeper dive insights into the questions you are asking The answers you should be happy to hear, and the ones you should be concerned with Dave’s responses to each of these questions! The 5 Questions (and a bonus!): Will I be working with you or with someone el…
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In this episode, Dave discusses: The top questions to ask an agent when selling The deeper dive insights of the questions you are asking The answers you should be happy to hear, and the ones you should be concerned with Dave’s responses to each of these questions! The 5 Questions (and a bonus!): What are the drawbacks of my home? What makes my home…
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In this episode, Dave, David, Kelley, Brittany, Chip, Jessica, Diane, and Christine discuss: The types of market agents are seeing throughout the country. What types of inventory are available depending on the region. Multiple offer situations. The changing demand over the last couple of years. Area-specific challenges faced by buyers and sellers. …
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In this episode, Dave discusses: The best questions to help you tell the whether they’re an agent worth working with Insights to listen for Responses you want to get Answers that should give you pause. The 5 Questions (and a bonus!): What is your track record for the # of transactions, overall production, and client service? What did you do before …
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In this episode, Dave and Mark discuss: Most common roofing problems homeowners face. Types of roofing and the one Mark most recommends. Important factors to consider when choosing a roofing contractor. What to expect during a roofing project. The future of the roofing industry. Key Takeaways: Until there is a problem (such as leaking) many homeown…
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February Numbers are in! Dave reviews: 🏠 Supply 👍 Demand 🚀 Velocity 📊 Transactions Want to skip straight to your area? 0:30 • CHICAGO OVERVIEW 2:33 • Entire City of Chicago 4:47 • Lincoln Park 6:52 • Lakeview 8:57 • Bucktown & Logan Square 10:42 • Wicker Pk, Uk Village, WestTown, River West 12:45 • Roscoe Village, St Ben’s, NorthCenter 14:22 • Linc…
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In this episode, Dave discusses: How real estate agents get paid. What a listing agreement is and what it does. The Split: how brokerages and agents make money from the real estate transaction. Being a 1099 Contractor as an agent. Key Takeaways: Agents cannot be paid directly by the seller. They must be compensated by their brokerage. Most traditio…
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In this episode, Dave discusses: What buyers and sellers have to pay at closing. Why a title company is important to closing (and who gets to pick the company). The reason closings often happen near the end of the month. The various charges that may or may not appear at closing. Key Takeaways: Closings almost always happen at a title company, or at…
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In this episode, Dave discusses: The multiple reasons the real estate inventory is low across housing types. Why it feels like it is a tight market. Current statistics on single family home and condo listings in the areas tracked.. Interest rates, inflation, layoffs, and the overall economy. Key Takeaways: As a whole, the inventory for the city is …
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In this episode, Dave and Andrew discuss: Questions people are asking during tax season. Differences in taxes between primary and investment properties. Deductibles in real estate taxes. What it means to be a Real Estate professional on your taxes. Key Takeaways: On your primary residence, assessments are not generally deductible. That may be diffe…
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In this episode, Dave discusses: What creates urgency and how that plays into the market. Supply, demand, and the best and worst months to list. The current 2023 stats and their comparison to 2021 and 2022 in the same time frame. What to look for in your agent. Key Takeaways: This is not the year to be ambivalent. Decide now if you plan to move or …
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In this episode, Dave discusses: Be prepared - understand what you need to know going into buying your home. Pre-Approval process and knowing your finances. Choosing the right agent and not settling for less. Understanding and prioritizing your needs (“deal killers”) versus your wants (“nice-to-haves”). Key Takeaways: The normal contract-to-close p…
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In this episode, Dave discusses: Why 2022 was such a unique year. What’s currently happening in the real estate industry. Inflation and interest rates. Expectations and predictions for 2023. Key Takeaways: 2022 was a time when a stratospheric market came back to earth. Following a record-breaking year like 2021, some numbers are destined to decline…
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In this episode, Dave and Doug discuss: How Dave got into real estate in the beginning and why he chose to enter the real estate business. A good agent versus a great agent. Communication, changing technology, and the evolution of real estate. The changing rates and home affordability. Key Takeaways: The ability to interpret the market and effectiv…
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In this episode, Dave discusses: Marketing in real estate. How much (or little) effort agents put into valuing a property for clients Do digital newsletters provide insights? Authentic agent/client communication. Why Open Houses exist. Key Takeaways: On its face, advertising a home is about the property. Moreso, however, it is about marketing the b…
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In this episode, Dave discusses: What to believe and what not to believe in the rumors of the 2023 housing market. Concerns and realities about interest rates. Why 2020 and 2021 were an anomaly, and a realistic look at 2022. Key Takeaways: There are more differences than similarities between the current housing situation and the housing crisis of 2…
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In this episode, Dave discusses: Why you need to choose your agent carefully, not just based on who you know. The skills needed to be a good realtor. Ways in which you can meet a real estate agent. The good agent checklist. Key Takeaways: Most people do not take enough time to make the important financial decision of choosing the right real estate …
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In this episode, Dave discusses: The uncertainty in real estate. Making sense of the current market. The difference between 2021 and 2022 in the real estate market. Historical interest rates. Key Takeaways: 2021 is the gold standard for real estate. In 2022, the interest rates have more than doubled, which has never happened before. The sky is not …
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In this episode, Dave and George discuss: How George got started helping people cut the cord and built Marshmallow Streaming. Misconceptions people have about the internet and streaming services. Determining what internet speed you actually need. Why fiber and 5G internet are changing the at-home internet game. Key Takeaways: Switching to streaming…
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In this episode, Dave discusses: The upsides and downsides of real estate as an investment. Similarities and differences between real estate versus stocks. Landlord best practices. Mindset of owning real estate investment property. Key Takeaways: Owning real estate helps to diversify your portfolio. The longer you own a property, the more likely yo…
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In this episode, Dave and John discuss: John’s professional journey to accumulating 35+ years in the plumbing industry. The changing reputation of those in plumbing and other trade jobs. Differentiating yourself from the competition at the beginning. Red flags surrounding permits, licensure, and insurance. Key Takeaways: The trades have, previously…
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In this episode, Dave discusses: The relationship between recessions and real estate. What a recession is and the stages of a recession. Reasons for a recession. A historical look at real estate in past recessions. Key Takeaways: Inflation tends to be a big cause of recessions, which we are seeing right now. In a recession, buyer demand almost alwa…
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In this episode, Dave and Curt discuss: Buying when it is right for you, not just when it’s a buyer’s market. What the current interest rates mean for you. Seller buy-downs, 2-1 buy-down mortgages, and assumable mortgages. Why you should talk to a mortgage specialist. Key Takeaways: The interest rate on rent is ALWAYS 100%. Loans are underwritten b…
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In this episode, Dave discusses: The four big real estate apps rated by aesthetic, reliability, search parameters, evaluation tools, and accuracy of information. Benefits and drawbacks of each of the different real estate apps. Comparing Zillow, Redfin, Trulia, and Realtor.com. The evolution of the smaller brokerage apps. Key Takeaways: If you sche…
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In this episode, Dave and Sean discuss: Growing up in a hardware store and the transition from a handyman to a construction business. Enjoying the improvement, not just improving to sell. The typical timeline of a bathroom or kitchen remodel. The best ROI return for a planned sale within two years. Key Takeaways: Construction is, first and foremost…
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In this episode, Dave discusses: The surprising information regarding when to put your home on the market. All 12 months (ranked in order, worst to best) regarding when to list. When to sell by quarter. Regardless of the month, what’s going in your life should drive your decision. Key Takeaways: It is impossible to identify and track the number of …
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In this episode, Dave and Max discuss: An insurance agent’s need to understand what makes people tick. Benefits of working with an independent insurance agency. The value of persistence. Key Takeaways: When someone is talking about an insurance need, they are talking about a part of their life that is valuable and they want to protect. This is very…
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In this episode, Dave and Ross discuss: Ross’s professional journey, starting in 1998. What is checked for on all inspections. Working within HOA (Homeowner Association) guidelines and understanding your rights and responsibilities. Reserve studies and special assessments. Key Takeaways: Inspectors cannot tell you whether or not to buy, but should …
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In this episode, Dave discusses: What it means to miss the market. The psychology behind it. How to avoid missing the market. How to learn from the market as a whole. Key Takeaways: The market is always changing and those changes aren’t always visible. The fear of missing out is natural. It is often the driving emotion behind the decisions people m…
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In this episode, Dave and Shameen discuss: States that use attorneys vs. non-attorney states in the real estate process. The importance of understanding the contract-to-close process, regardless of how many times you may have bought or sold a home. The tricky property taxes that come into play during the real estate transaction. Negotiating power, …
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In this episode, Dave discusses: The tools an agent needs to have in their toolbox. Negotiating based on factual information, not feelings and emotions. Understanding where the line in the sand is for clarity and strength of negotiating. Structuring the best possible negotiation strategy. Key Takeaways: Negotiations will always include a “risk/rewa…
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In this episode, Dave discusses: How comps function in real estate transactions. What a realtor’s job is in understanding real estate information. The things to look for in the best comps. The importance of spending time on analysis. Key Takeaways: Comps are the evidence put together to get the best, most accurate current value of your home. Realto…
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In this episode, Dave and Tom discuss: What the preapproval letter does (and what it doesn’t do). Having a cohesive team behind your purchase. Ways you can sabotage your own closing. Why communication is so important throughout the loan process. Key Takeaways: Communication is the key to everything in life, but especially in mortgages and closings.…
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