Home Warranties Do I need one - 09/25/07 10:56 PM
Home warranties today range in price from $375 to $500. When paying out fees for title, attorney, loan app, flood certification do I really need a home warranty? The answer is yes. The average home buyer is usually pressed to make their payments and have enough money to live. The last thing a young home buyer needs is an unexpected major appliance to fail. A furnace is $2000 and up same for an air conditioner. The $400 is a great assurance for a new home owner.
The other side of the coin is, more and more the courts are filled with … (5 comments)

Yorkville Illinois Market Report, Kendall County real estate report - 09/22/07 05:51 PM
The Yorkville real estate market continues to ease amidst fed loweering prime rate and imploding mortgae market. The average home price in Yorkville is 3.28% below last years mark and is just under $241,000. The market peaked back in August of 2005 when home sale prices average $280,000. That is a 32% decrease in home prices and rivals other hot markets like Phoenix Arizona, Las Vegas Nevada and Port St. Lucie Florida. The number of homes that sold this month totalled 41. The average number of days on the market was 87.
If you would like statistics on your neighborhood or town please give … (0 comments)

Oswego Market Statistics - 09/22/07 04:51 PM
The Oswego Illinois real estate market is back to normal. The price of  an average priced home in Oswego Illiniois has skyrocketed this month to 15% higher than a year ago this time. Granted a year ago the market was in the tubes. The numbers this month are 1% below where the market was back in August 2005.
A year ago the following month of September was 16% above August if this scenario holds true then this year for September the average home price will be well over $300,000. for the first time ever. The one factor that has continued to worry … (1 comments)

Open house 2755 Lahinch on Wednesday the 20th of September - 09/19/07 12:37 AM
 Click picture for more photos and virtual tour of 2755 Lahinch. Broker tour 10-3 September 20th. On Supra.
Leava a card for a gas card drawing. Price reduced to $249,000. three bedroom 2 full and 1 half bath. full basement brick paver patio and a wooden playset from Menard's. Thanks for showing.
… (1 comments)

The three biggest mistakes a seller makes - 09/18/07 03:34 PM
The reduction in the amont of FSBO (for sale by owners) on the market today is an indication of the seriousness of the declining housing market. The seller would like to cut out the fees realtors work hard to earn. I do not blame them for wanting to save money and when the market is hot they have a chance to save thousands of dollars. It is in these tough times that the true value of a professional realtor is understood.
The price is still the number reason why homes sell or sit. Mr seller price your home to sell or your … (5 comments)

Will Fed Governors cut rate or leave them alone - 09/18/07 10:48 AM
The 12 Governors of the Federal Reserve Bank will meet today. They are meeting amidst a gone crazy media hype which has caused fear in the housing industry. This was followed by a market adjustment which has caught anxious buyers/sellers to lose their vehicle for moving up to larger/better housing in 2 years. This is coupled with a very aggressive lending segment that has answered the uniquely American question of providing affordable homeownership for anyone who wants it.
I have not heard anyone in the media sigh a large, ahah. The truth of the matter is not everyone wants to have the … (2 comments)

Earlville Market Report for fall - 09/12/07 05:44 PM
 As we go into the fall season you may want to know what the housing market has done this spring and summer in Earlville, Illinois. There have been 10 homes enter into contract since March. These numbers have been calculated from the information available through the MLS of Northern Illinois. Since Earlville is a cross market these numbers may not be complete. There are two other MLSs that serve the Earlville community. The Illini Valley board and the Lee/Dekalb county boards may also have information. As for the numbers from the MLSNI $1.84 million dollars of real estate have closed. The … (0 comments)

Sandwich real estate market report for August - 09/07/07 12:00 AM
The numbers are in and the Sandwich real estate market is showing signs of life. There are 95 homes currently listed for sale and 5 under contract. There were 5 homes that closed in the month of August with an average sales price of $261,100. The low was $165,000 and the high was $336,000. The most expensive property is currently 1,049,000. The fair is going on through Sunday I'll see you there. … (0 comments)

Fox Valley Real Estate Market Conditions - 09/04/07 03:21 PM
The month of July in the Fox Valley has been good. The market conditions have upturned in the Valley. We had 911 properties sold in July that is a surprising 21% increase from the same period in 2006. That puts the total number of homes sold in 2007 at almost 5300 properties. That is an increase of 700 units over last year. The total sales for July alone were over one quarter of a billion dollars.
The news of the Fed considering dropping rates again and the sellers who have caught on to the market make this a great time to buy … (0 comments)

New disclosure form for January 1, 2008 RADON - 09/04/07 03:09 PM
The required disclosure list continues to grow in Illinois. We have the lead based paint disclosure and pamphlet, the seller's property disclosure, and now we will be required to include the Radon Awareness disclosure form. The seller of any homes listed after January 1, 2008 will now be required by Illinois law to provide a pamphlet "Radon Testing Guidelines for Real Estate Transactions" and a form informing the buyers of any tests or knowledge of tests performed on the property in question.
There will be exemptions from the form just like the property disclosure form we use today. Foreclosures, transfer among co-owners … (0 comments)

Plano Illinois real estate market conditions - 09/04/07 01:00 PM
The Plano Illinois real estate market condition report for August 2007. The market is seeing improvement with 10 homes under contract in August that should close this month. The total inventroy for single family homes stands at 159 homes. The mix of of homes includes 8 homes that the listing has expired and not been renewed and 12 listings where the seller's have cancelled the listing and not relisted with another real estate company.
The bad news is that only 1 home actually closed in August it sold for $153,000. The market is definitely a buyer's market but we are seeing an … (1 comments)

 

Randy Lyon

Oswego, IL

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Kettley and Company

Office Phone: (630) 554-8700 x 43

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