April 18, 2018

Spotlighting Our Community-White Street Cafe

Hello everyone! My name is Jessica Adderley, I am the new Office Manager and Transaction Coordinator at iCandy Realty. It is an honor and privilege to be apart of the iCandy Team. This is what I hope will be the first of many blog posts. 
Obviously our primary goal is to assist you with your real estate needs, but we have a greater vision for iCandy Realty. We want to be more than just the company providing you with your home buying or selling needs. We want to provide you with tips and trends for home decorating, provide you with a list of preferred service providers for everything from moving to carpet cleaning and more. Most importantly we want to plug you into your community and the surrounding areas that we serve. We are a small locally owned business and because of that, we believe in working together with other locally owned business to bring attention and support. With that being said, we have decided to launch an incredible new campaign called Community Spotlight where we will be highlighting the services provided by a local business. We aren't just focusing on real estate either...no we are doing everything from favorite dining spots to family fun and much more! 
For our April Spotlight, we went with a local dining establishment that the entire iCandy Realty Team is crazy about-Frankfort's own White Street Cafe. This local eatery, owned by Pauline Modjeski  is serving up delicious and high quality breakfast and lunch Tuesday through Sunday right in the heart of Downtown Frankfort. We had a chance to visit the White Street Cafe recently and talk with Pauline and some of her loyal customers. Check out the video below!
So now do you see why we all love White Street Cafe? It isn't just about the food, although it is incredible, but more than that, it is about the love-the faces you see when you visit, Pauline's passion for what she does, the warmth you feel when speaking to the workers who all want to give you the best experience! That is what makes White Street Cafe so special. If I was going to share a recipe for replicating what Pauline and her team have created at White Street Cafe it would be: a pinch of vision and dedication, a dash of hard work, a smidgen of team work and a whole lot of love for what you do! That is why iCandy Realty puts April's Community Spotlight on White Street Cafe! 
iCandy Realty Team Favorites at White Street
Steve Budzik, Managing Broker- Like everything there! Breakfast Burrito is really good!
Ashley Budzik, CEO- Gluten Free Tuna Panini and Sweet Potato Fries, Breakfast Bowls, Gluten Free Cookies
 
Jessica Adderley, Office Manager- Ham and Cheese Scones & Coffee
Rachael Rae Stern, Real Estate Agent- Biscuits and Gravy and Lattes 
Brittany Landenberger, Real Estate Agent- Vegetable Breakfast Bowl 
Posted in Local Hotspots
April 18, 2018

Options Trader=Real Estate Seller

How being a options trader helped me sell real estate. 

 

It’s amazing to me how past experiences will help you in future endeavors. There is a hyper priming that can occur and help you in the most convenient ways. Where something otherwise abstract will conform and become concrete in the blink of an eye. 

 

Real Estate sales, often result in the sales of things that at times have nothing to do directly with the Real Estate itself: items or property that can easily be bifurcated from the original property; washers and dryers, personal property like furniture and in this case a parking spot. 

 

My client owned a condo downtown in a very hot area where parking is a premium. They owned two parking spots and only wanted to sell one with the property so they could continue to use it to park and walk to work. The buyer wanted both spots and was trying to negotiate a first right of refusal for when my client finally did sell. 

 

After some unpleasant back and forth, my hyper priming kicked in. I thought to my self, "Why doesn’t the seller just sell an Option Contract on the spot itself?" Collect some premium now and if the buyer doesn’t close, the option will expire and my client will have collected that premium and still own the assets for a sale. 

 

There are 4 major components in an Option Contract. Theta, Vega, Gamma, Delta. For this purpose, we will be using 2 of the Greeks as the others don’t pertain to this situation.  Time decay ( theta ) , which is the value of the underlying parking spot being locked up for a certain period and the risk in that time that the value will increase. If you bought an option for 1 week there would be little to no premium attached to it. If you bought the option for 4 years there would be a significant premium attached to it because a lot could happen in 4 years to increase the spot's value. 

 

 

Implied Volatility, which is how volatile the pricing of this spot is. Can it go up or down in pricing rapidly? If parking spots in the area are subject to some pending political process, or tax event, then the implied volatility would increase. Real Estate in general has a low implied volatility. 

 

With these two major factors in place, the Seller and I calculated an increase of 2% per year for 4 years in the price. We decided that $10,000 was what the cost of locking up the spot, without being able to sell to anyone else, was worth. We then presented the buyer with an option of buying the option contract for $10,000 now and being able to purchase the parking spot in 4 years at a cost of $44,000. 

 

 Whether or not the Buyer exercises the option, the seller has still made $10,000. If they don’t buy it, he is free to sell it at the open market for what ever price he can get, at that time. 

 

If you have Real Estate questions or another unconventional scenario that you want us to run through send a comment or info the information below. 

 

Tim Wangler
iCandy Realty 
Posted in Real Estate Tips
Jan. 2, 2018

313 S Hammes Ave

 

Fix N List

Recently Steve and I were sent an out of state seller contact that was looking to sell their property. Their children had lived in the home and had a large dog as a pet. You can imagine what the place looked like but I'll provide some pics anyway. Carpet was less than 2 years old but was chewed up along the wall side from the dog. The walls had hundreds of holes in them from decorations, posters, picture frames, shelves and more. They were also painted a deep red in the living room. This gives a feeling of speed, hurry and motion. 

   

Living room Before 

 

To give the property a more warming feeling we patched, sanded and painted all the walls with repose grey from Shermin Williams. The after photo shows the difference it makes in overall appeal. 

  

Living room After

 

  

One the exterior we did a simple leaf pick up and straightened out lawn decor. This gives the home better positioning as this is the first thing people will see when it's on the internet, and you only get one chance to make a first impression. 

 

Exterior Before

Exterior After

 

 

 

Lastly, we did a deep clean on the inside scrubbing the tile, flooring, countertops and inside and out of the appliances and bathrooms.  

As simple as this sounds some people don’t have the resources or time to take a project on like our out of state seller. If you or someone you know has a house that needs work before they sell whether the project is big our small CALL US! The best part of this program is we foot the bill until the home sells. 100% of the contractor payments and the material is paid by us until the house sells.

NO ONE does it as we do! After 24 hours of being on the market there is already 11 showings scheduled.  P.S. The size of the project and scope are never too big or too small. We have the best pricing around and have negotiated exclusive discounts with our contractors and vendors so we can pass the savings back to our clients. We are excited to help as many people as we possibly can with this program.

Call us to discuss details! 

Warmest  Tim and Steve 

 

 

Oct. 3, 2017

147 Strieff Ave

This beautiful home has been fully renovated & the curb appeal is stunning! Stepping inside you'll love the eat-in gourmet kitchen w/beautiful granite countertops, glass tile backsplash, SS appliances, large breakfast bar & pantry closet! The family room is open to the kitchen w/exposed beam ceiling & beautiful tiled fireplace! It's gorgeous in person! You'll love that the entire property has hardwood floors & upgraded tile! Upstairs you'll find 3 spacious, right bedrooms w/shared spa bath! You'll love the finished basement w/bathroom, amazing bar to entertain & 2nd fireplace-perfect for movie nights! The fenced-in backyard is a true oasis w/lighting, dining patio, hot tub, firepit, garden shed and plenty of yard space! Its perfect! You can't beat the location being in walking distance to Greenbriar School, park, shopping, expressway & train station! Large 2 car garage w/epoxy floor & work bench too! This home is a rare find & won't last long! Make us an offer! 

 

 

 

 

 

Sept. 27, 2017

5614 Von Ave Unit C Monee

Walk right in to this Open First Level with Vaulted Ceilings, Views of the Loft, Fireplace... All FRESHLY PAINTED. There is a lovely PRIVATE Patio & Upstairs Loft with Views of Green Space! Hardwood Floors and Newer Carpeting throughout this Lovely Townhome! ***New Oven!! 2 car Attached Garage. Walk upstairs to find a second Level Laundry Room, Oversized Master Bedroom Suite featuring Vaulted Ceilings, Huge Walk in Closet, and Large Bathroom with Double Sinks!! The owner is only moving due to Job Relocation out of the Area & this is a Traditional Sale.

Sept. 27, 2017

1446 Terrence Dr.

Only 3 Years OLD!! This Immaculate 4 Bedroom UPGRADED Beauty has Hardwood Flooring, SS Kitchen Appliances, 3 Car Garage ~ Incredibly Clean! There is an extended HUGE Family Room that is perfect for Entertaining! Completed with An Amazing Master Bedroom Suite: Large Walk in Closet with a Full Master Bath featuring Double Sinks and a Separate Bath & Shower. 2nd Level Laundry Room! Step outside your FULLY FENCED IN BACKYARD and enjoy the Stamped Concrete Patio with New Pergola, and Nice Size Pool! This home is FULLY Landscaped with a Partially Finished Basement. BETTER THAN NEW!!

 

Sept. 27, 2017

1014 Hemlock Lane

Absolutely stunning renovation with top of the line finishes and craftsmanship. This home has a new roof, windows, electrical panel, HVAC and fully transformed on the inside. Wide open floor concept with two tone cabinets, over sized crown, functional oversized island with quartz countertops. Both bathrooms have beautiful marble tile, Kohler toilets and chrome plumping finishes. 3 bedrooms that have hardwood throughout and craftsman style doors and trim. You will not be disappointed. Home shows like a model! 

 

 

Sept. 26, 2017

2827 Sharon Dr.

 

Turn key ready 4 bedroom ranch on 1/2 acres! OPEN FIRST FLOOR LAYOUT with a spacious living room with vaulted ceiling brick fireplace and sliding door to 15x40 deck. Eat in kitchen that offers a nice size breakfast bar. The masterbedroom has a walk in closet and master bath with whirlpool and separate shower. Full finished basement with full bath, bedroom, 2nd kitchen and living space is PERFECT FOR ENTERTAINING OR related living! WELCOME HOME! 

 

 

 

 

 

 

 

Sept. 26, 2017

1627 Sterling Ave. Joliet

Such a GEM!! Walk into this Beautifully Updated 3 Bedroom Home with Newly Updated Kitchen & Bath!! This home Features Newer Windows, Newer Carpet. Gorgeous Refinished Hardwood Floors & Fresh Paint. Literally MOVE RIGHT ON IN!! Enjoy a Cup Of Coffee or Drink or Beverage on one of your 2 Nice Size Decks! ~ Nice Size Yard and a 2 Car Garage with a Full Basement!!

 

 

 

 

Sept. 19, 2017

Joliet Ranch for Sale

Exceptional well build & cared for all brick ranch with a full partially finished basement. This home is located on a quiet street and features a newer roof and windows. Inside you will find 3 generous size bedrooms that all have hardwood floors and built in closets with lower functional drawers. Bonus sun room with fireplace and built in corner cabinet. 2 bathrooms and a dry bar in the basement.