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. 
• Supply and demand for condos is not as hard luck as for single-family homes. 

"Affordability is driven by interest rates. And so if interest rates go down, then that is going to help sales, shorten market times, and sales-to-list ratios are all going to be better. All those things are going to be benefited by interest rates falling." —  Dave Nimick

Connect with Dave Nimick:

Website: https://thenimickteam.com/

Email: [email protected]

LinkedIn: https://www.linkedin.com/in/davenimick/

Facebook: https://www.facebook.com/thenimickteam

Dave Nimick is owner of The Nimick Team, Inc. with Keller Williams Realty

Show notes by Podcastologist: Chelsea Taylor-Sturkie

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it. 

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 market in your selling area. 
• Consider leaving a couple of days open for showings and trust your agent to run the scheduling of those showings. Keeping the home clean and show-ready is easier if you aren’t there. 
• When an agent does a detailed, in-depth market review, it will do better because it will be priced right for the market. 
• As a real estate agent, if you have relationships with the trades it can serve your clients, especially those out of state, in ways they may not have considered. 

"It was priced well, it was staged well, and it was in good condition. And I will always say that when those three things are in place, good things are gonna happen." —  Dave Nimick

Connect with Dave Nimick:

Website: https://thenimickteam.com/

Email: [email protected]

LinkedIn: https://www.linkedin.com/in/davenimick/

Facebook: https://www.facebook.com/thenimickteam

Dave Nimick is owner of The Nimick Team, Inc. with Keller Williams Realty

Show notes by Podcastologist: Chelsea Taylor-Sturkie

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it. 

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 coach to your decision-making quarterback. 
• Most people are misaligned between their estate documents and the title of their homes. 
• Every client and every home are unique. Working with a financial advisor can assist with helping make the decision of what will work well in the long term, rather than the here and now. 
• Get the HELOC on your home before you retire. It gives you an additional tool in the toolbox and is easier to get before retirement when you no longer have a direct income source. 

"The better we know you financially, the better we can guide you." —  Ed Gjertsen

Connect with Ed Gjertsen:

Website: https://engagewealthgroup.com/

LinkedIn: https://www.linkedin.com/in/edgjertsenii/

Twitter: https://twitter.com/EdGjertsenII

Connect with Dave Nimick:

Website: https://thenimickteam.com/

Email: [email protected]

LinkedIn: https://www.linkedin.com/in/davenimick/

Facebook: https://www.facebook.com/thenimickteam

Dave Nimick is owner of The Nimick Team, Inc. with Keller Williams Realty

Show notes by Podcastologist: Chelsea Taylor-Sturkie

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it. 

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 else? 
• How available are you for showings on short notice?
• How many homes should I see before making an offer?
• What happens when I’m ready to make an offer? 
• How will you present my offer to the listing agent? 
• AND … How will you help me navigate a bidding war? 

"Don't necessarily be encouraged if the agent says that they can drop everything - because for any quality agent, it's just not realistic nor is it a sign they do much business. That said, they should definitely prioritize you and your needs." —  Dave Nimick

Connect with Dave Nimick:

Website: https://thenimickteam.com/

Email: [email protected]

YouTube: https://www.youtube.com/channel/UC4WqeMs62CL3T5P-w6ncqbQ/videos

LinkedIn: https://www.linkedin.com/in/davenimick/

Facebook: https://www.facebook.com/thenimickteam

Dave Nimick is owner of The Nimick Team, Inc. with Keller Williams Realty

Show notes by Podcastologist: Chelsea Taylor-Sturkie

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it. 

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 stand out? 
• How do you interpret the market and know if it is changing?
• How did you arrive at the list price? What price would you recommend if I was in a rush? Or if timing wasn’t an issue? 
• What kind of buyers will be interested in my home? 
• How will you help prepare my home for photographs and going on the market?
• What is your average market time? What is your average sales-to-list price ratio? 

"The best approach for agents is to always just be straightforward with your clients. You as a seller deserve direct and honest answers." —  Dave Nimick

Connect with Dave Nimick:

Website: https://thenimickteam.com/

Email: [email protected]

YouTube: https://www.youtube.com/channel/UC4WqeMs62CL3T5P-w6ncqbQ/videos

LinkedIn: https://www.linkedin.com/in/davenimick/

Facebook: https://www.facebook.com/thenimickteam

Dave Nimick is owner of The Nimick Team, Inc. with Keller Williams Realty

Show notes by Podcastologist: Chelsea Taylor-Sturkie

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it. 

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. 
• Why pricing always matters. 
• How interest rates are affecting the various markets. 
• What $1M will get you around the country. 

"It’s important to know the city in and out, especially when working with clients because you know more about the city than they do, and that’s how it should be." —  Brittany Walter

Connect with David Quantrell - Seattle/Tacoma:

Website: https://www.theqteam.com/

Facebook: https://www.facebook.com/theqteamre

Connect with Kelley Solberg - Silicon Valley:

Website: https://kelleysolberg.com/

Facebook: https://www.facebook.com/KelleySolbergRealEstate/

Instagram: https://www.instagram.com/team_kelley_sells/

Connect with Brittany Walter - Los Angeles:

Website: https://www.brittanysellsla.com/

Facebook: https://www.facebook.com/BrittanySellsLA

Instagram: https://www.instagram.com/brittanysellsla/

Twitter: https://twitter.com/brittanysellsla

Connect with Chip Parrish - Denver:

Website: https://www.discovershelter.com/

LinkedIn: https://www.linkedin.com/in/chip-shelter/

Connect with Jessica Licona - Austin:

Website: https://liconateam.com/

LinkedIn: https://www.linkedin.com/in/jessicalicona/

Instagram: https://www.instagram.com/liconateam/

Facebook: https://www.facebook.com/liconateam/

Connect with Diane Davidson - Boston & Southern New Hampshire:

Website: https://finehomesgroupintl.com/

LinkedIn: https://www.linkedin.com/in/dianedavidsonre/

Facebook: https://www.facebook.com/finehomesgroupinternational

Instagram: https://www.instagram.com/finehomesgroup/

Connect with Christine Graf - Central Florida:

Website: https://linktr.ee/christinekgraf

LinkedIn: https://www.linkedin.com/in/christinekgraf/

Facebook: https://www.facebook.com/christinegrafrealtor

Instagram: https://www.instagram.com/christinekgraf/

Twitter: https://twitter.com/ChristineKGraf

Connect with Dave Nimick - Chicago:

Website: https://thenimickteam.com/

Email: [email protected]

YouTube: https://www.youtube.com/channel/UC4WqeMs62CL3T5P-w6ncqbQ/videos

LinkedIn: https://www.linkedin.com/in/davenimick/

Facebook: https://www.facebook.com/thenimickteam

Dave Nimick is owner of The Nimick Team, Inc. with Keller Williams Realty

Show notes by Podcastologist: Chelsea Taylor-Sturkie

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it. 

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 real estate? 
• How do you get most of your business?
• What is your negotiating strategy? 
• Do you focus primarily on sellers, buyers, or a balance of both?
• Bonus: How will you ensure that my sale/purchase will go smoothly? 

"Real estate runs on a tight timeline with lots of moving parts that rarely are working in unison. So an agent needs to have the structure, know what's going on and when it's supposed to happen in order to make it work out." —  Dave Nimick

Link to Five Star Professional: https://www.fivestarprofessional.com/public/reresearch

Connect with Dave Nimick:

Website: https://thenimickteam.com/

Email: [email protected]

YouTube: https://www.youtube.com/channel/UC4WqeMs62CL3T5P-w6ncqbQ/videos

LinkedIn: https://www.linkedin.com/in/davenimick/

Facebook: https://www.facebook.com/thenimickteam

Dave Nimick is owner of The Nimick Team, Inc. with Keller Williams Realty

Show notes by Podcastologist: Chelsea Taylor-Sturkie

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it. 

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 homeowners don’t think about the roof because it is out of sight out of mind. 
• There are benefits and drawbacks to all the different types of roofing products, partly depending on your location. 
• Don’t be afraid to ask questions. Most good roofing contractors will do everything for you. Be wary if it is a piecemeal contract where you are needing to do the legwork. 
• There should always be an open line of communication with your contractor. 
• Costs are not likely to go down, but they are stabilizing. 

"The roof should always be smooth and solid, it shouldn't be concave or bumping up." —  Mark DeBartolo

About Len Roofing & Remodeling:  Len Roofing & Remodeling is committed to providing nothing less than the highest quality craftsmanship on home renovations, and Chicago roof repair and replacement, which are all backed up with a three-year warranty.

We are a top-quality home remodeling and roofing company, serving Northbrook, Northfield, Glenview, Wilmette, Winnetka, Deerfield, Highland Park, Kenilworth, and the surrounding Chicagoland area.

Connect with Mark DeBartolo:

Website: https://lenroofing.com/

Email: [email protected] 

LinkedIn: https://www.linkedin.com/company/len-roofing-&-remodeling/

LinkedIn: https://www.linkedin.com/in/mark-debartolo-088a263b/

Twitter: https://twitter.com/LenRoofing

Facebook: https://www.facebook.com/LenRoofing/

Connect with Dave Nimick:

Website: https://thenimickteam.com/

Email: [email protected]

YouTube: https://www.youtube.com/channel/UC4WqeMs62CL3T5P-w6ncqbQ/videos

LinkedIn: https://www.linkedin.com/in/davenimick/

Facebook: https://www.facebook.com/thenimickteam

Dave Nimick is owner of The Nimick Team, Inc. with Keller Williams Realty

Show notes by Podcastologist: Chelsea Taylor-Sturkie

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it. 

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 • Lincoln Square

16:03 • West Loop & University Village

17:05 • River North, Old Town, Gold Coast, Streeterville

17:53 • Ranking of Chicago Neighborhoods 

20:02 • NORTH SHORE OVERVIEW

21:15 • Winnetka

22:30 • Wilmette

23:08 • Evanston 

23:49 • Glenview

24:26 • Northbrook

24:59 • Glencoe 

25:37 • Highland Park

26:09 • Deerfield

26:50 • Northfield

Connect with Dave Nimick:

Website: https://thenimickteam.com/

Email: [email protected]

YouTube: https://www.youtube.com/channel/UC4WqeMs62CL3T5P-w6ncqbQ/videos

LinkedIn: https://www.linkedin.com/in/davenimick/

Facebook: https://www.facebook.com/thenimickteam

Dave Nimick is owner of The Nimick Team, Inc. with Keller Williams Realty

Show notes by Podcastologist: Chelsea Taylor-Sturkie

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it. 

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 traditionally run brokerages take a portion of every single transaction. 
• Zillow isn’t a brokerage, but they market and sell to agents that pay for the leads that they generate. 
• There are a lot of costs that the agents pay, not their brokerage - more than you might think.

"From the outside, it really looks like it's all swimming pools and movie stars, which it’s not. It is 100% commission, with many expenses left for the agent to pay. Agents do not receive anything until an actual transaction is closed, after which they still need to invest in their business." —  Dave Nimick

Connect with Dave Nimick:

Website: https://thenimickteam.com/

Email: [email protected]

YouTube: https://www.youtube.com/channel/UC4WqeMs62CL3T5P-w6ncqbQ/videos

LinkedIn: https://www.linkedin.com/in/davenimick/

Facebook: https://www.facebook.com/thenimickteam

Dave Nimick is owner of The Nimick Team, Inc. with Keller Williams Realty

Show notes by Podcastologist: Chelsea Taylor-Sturkie

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.