Helpful Info
Latest Home Sale Statistics through November in Buffalo Grove, Vernon Hills, Long Grove Area, Libertyville and Mundelein
December 10, 2009 by Sharron · Leave a Comment
Every month we get a report from the Realtor Association of Northwest Chicagoland and it shows an overview of what is going on in our market and also compares the closed sales year to date with a comparison of last year. One of the biggest issues we currently have is the banking and appraisal industry.
Northern Illinois Home Sales
The majority of our towns are stated a declining market which in fact reduces the appraisal by an additional 5%. Out of the last five homes we have put under contract only one appraisal came in at purchase price. Basically the banks do not want to lend money and are reducing the value of everyones home and who created this horrible mess? I am suggesting to all my clients that they have an appraisal prior to putting the home on the market so they can see how the banks are looking at the value of property.
Please read the Northern Illinois Home Sales Report [PDF] and call me with any questions.
13 Reasons to List During the Holidays in November and December
November 16, 2009 by Sharron · Leave a Comment
- There is less competition for buyers.
- Winter prospects are more serious buyers.
- Your home looks better during the holidays.
- One of the highest percentages if “the listing sold” to “listing taken” occurs during this time of year.
- Expanded Home Buyer Tax Credit, for First-Time Home Buyers and Existing Home Buyers (specified criteria applies as defined by law).
- You may receive more money for your home now because you have less competition.
- Throughout the holiday season, you may restrict showings during your personal family events.
- Buyers have more time to look at homes during the holidays, especially during vacations.
- January is traditionally the biggest transfer month and you must be on the market to capture that market.
- By selling now you can have a delayed closing or extended occupancy until the beginning of the following year if you want it.
- When you sell during the winter you have an opportunity to buy during the spring, when many homes are on the market.
- You may have fewer actual showings, but more qualified and motivated prospects.
- Corporate transfers, who need to buy a home now, can not wait.
Market Action Report for Lake County October 2009
November 13, 2009 by Sharron · Leave a Comment
We just received the latest market report Market Action Report for Lake County, Illinois Real Estate [PDF] for October 2009 from Coldwell Banker regarding the current market trends, market overview, property sales, prices and inventory for Lake County this past month.
This is great information for anyone who is purchasing or selling a home. Please contact me with any questions.
Market Action Report for Cook County October 2009
November 13, 2009 by Sharron · Leave a Comment
We just received the latest market report Market Action Report Market Action Report for Cook County, Illinois Real Estate for October, 2009 [PDF] from Coldwell Banker regarding the current market trends, market overview, property sales, prices and inventory for Cook County this past month.
This is great information for anyone who is purchasing or selling a home. Please contact me with any questions.
Market Action Report for Buffalo Grove October 2009
November 11, 2009 by Sharron · Leave a Comment
We just received the latest market report Market Action Report for Buffalo Grove, Illinois Real Estate for October, 2009 [PDF] from Coldwell Banker regarding the current market trends, market overview, property sales, prices and inventory for Buffalo Grove this past month.
This is great information for anyone who is purchasing or selling a home.
Tax Credit for First Time Buyers Almost Over!
September 17, 2009 by Sharron · Leave a Comment
Tax Credit for New Home Buyers
Don’t let the U.S. Government Keep Your $8,000
Earlier this year, the government offered an unprecedented $8,000 to prospective home buyers just like you to help them get into a home.
And on November 30th, they’re taking it off the table.
It’s up to $8,000 that you can use for a downpayment or closing costs on your next home purchase:
No Repayments if you live there for 36 months
No Interest, because it’s not a loan
No Strings Attached, you can even get the money up front
They couldn’t have made it any easier for you to get the money. The only problem is that in less than 80 days it goes away forever.
What’s worse is that if you don’t act soon, you could lose out all together.
