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Dave Nimick Podcasts

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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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LiveWinnetka

Dave Nimick

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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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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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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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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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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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In this episode, Dave discusses: What sells homes online and in person. How your real estate agent (or their team) presents themselves. Arguments for and against listing agents being at a showing. Staging and the instant impressions that it gives to buyers. What to look for in an agent. Key Takeaways: It takes 7-10 seconds online for people to deci…
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In this episode, Dave discusses: What pocket listings are and why they are popular. Who benefits from pocket listings. How pocket listings can differ from a listing on the MLS. Examples of successful pocket listings. Key Takeaways: Pocket listings are private listings of property, outside of the MLS. Pocket listings are popular because of perceived…
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In this episode, Dave discusses: How to make the right choice in which Realtor to work with. The way most people choose the agent they work with. Why you know so many realtors. The many benefits of being straightforward in your conversations with agents you’re considering working with. Key Takeaways: There is no shortage of finding agents that you …
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In this episode, Dave discusses: Similarities between current and 2005-2008. Differences between now and the mortgage meltdown era. Dave’s predictions of what is going to happen in the next couple of years. What factors are important in real estate predictions. Key Takeaways: Appreciation has been greater over the last few years than ever before. T…
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In this episode, Dave and Jonathan discuss: The evolution of fraud in real estate and how it has changed through the years. Protecting yourself from wire fraud. What title fraud is and how it has become more prevalent over the last 5 years. Having a little paranoia to protect your money in real estate transactions. Key Takeaways: If you catch fraud…
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In this episode, Dave discusses: When buyers tend to think about having overpaid for their home. Making the smartest decision that you can at the time you are making it in order to prevent buyer’s remorse. How the market defines what a home is worth. Identifying what overpaying means to you. Key Takeaways: The only two constants in real estate are …
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In this episode, Dave discusses: Understanding if it is a good or bad real estate market. Your real estate timeline. Making the right decision for you, even without knowing the future of the market. The changing nature of the real estate market and how to spot those changes. Key Takeaways: Nobody wants to be on the wrong side of the market after th…
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In this episode, Dave and Marc discuss: What it means to get pre-approved for a mortgage. The steps involved in the pre-approval process and how long it takes. Questions you should be asking your mortgage lender. Managing expectations as a mortgage lender. Key Takeaways: A pre-approval is a much more detailed analysis of a buyer’s qualifications th…
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In this episode, Dave discusses: How the acronym S.P.A.C.E. can help you prepare your home for selling. How buyers will be looking in your home. Tips for maximizing the value of your home before going on the market. Controlling everything you can in the environment of the home. Key Takeaways: As the seller, you do have control over the selling proc…
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Welcome to Putting the REAL in Real Estate! 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 residential real estate. Whether you’re a homeowner, a renter, actively in the market, or just enjoy keeping up to date with what’s…
  continue reading
 
Proper pricing and presentation will be crucial to your success when you list in a shifting market, and today we’ll explain why. Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for sale Pricing and presentation are important in any market, but even more so in one that is changing—especially when buyers have…
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Do you know how to interpret market conditions? Today, we will teach you how to do so by illuminating some basic, yet important, facts and terms. Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for sale The most common question people ask Realtors is, “How’s the market?” The answer to this question, however…
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If you’re about to make your first home purchase, following these 10 steps will set you up for a successful deal. Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for sale If you’re about to purchase your first home, there are 10 important steps you should follow to ensure your success. 1. Check things out o…
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