Renting or Buying in Beautiful Evanston, IL

1. Evanston
THE CITY AND THE SHORE.

2. Evanston
Evanston is a very unique city

Parks and beaches on Lake Michigan.

Chicago is a short train, bike, car or cab ride
from here.

A major destination for music, restaurants
and art.

Northwestern University anchors the cities
intellectual & cultural resonance.

3. Coldwell Banker.
•Regional leader.
•Market leading
resources
•Optimal location

4. Renting in Evanston.
•Evanston rental prices have
increased yearly and economic
indicators suggest that they will
continue to do so.
•Price varies by location,
amenities and size.
•Rental inventory is very competitive
at the moment and it is an Owners
market.
•2 months out is the time to look and
determine where you want to be.
(Law prohibits us from making
suggestions based on location.)

5. Buying in Evanston.
• The trend in Evanston and the Northshore over the last four
years has been for median prices to decline.
• All indicators are the median prices have leveled off.
• Mortgage rates are at historic lows.
• Home inventory has been declining for the last year.
• All good signs for future investment.

6. Renting vs Buying.
• 1 bedroom 1 bath at 807 Davis. A newer Condominium
building close to the Metra and El with parking.
• Premier location
• Close to campus
• Highly desirable.
• Includes parking, pool and work-out facility.
• Rent $2,300 per month with a min 18 month contract.
• Buy $229,000.

7. 807 Davis $2,300 monthly rent and 223,000 purchase price.
Better to buy after 4 years.

8. Next steps and to do list if you are
renting.
1. Determine where you want to be.
2. Determine your budget.
3. Determine what you need: Number of bedrooms,
number of baths, laundry, parking, pets, etc.
4. Advise us on your move in date.
5. We will set up a schedule to get this done and we
can start sending you examples of what is
available.

9. Next steps if you want to
buy.
• Let me know you want to buy.
• Give me the requirements on your new property.
• Get pre-approved. (We can do that in house with PHH Home
Loans.)
• Start looking at the listings we provide you.
• Set up time to view selected listings.
• Make an offer.