Sterling, Rock Falls and Dixon Sales and Marketing Report

The time is still right to own real estate for personal living space. With rates still low and a good supply of inventory the time to act is now. Rates can rise at any time.

The following graphs will provide you with a breakdown of sales for years 2005, 2006, 2007 for homes and multi family units in Sterling, Rock Falls and Dixon Illinois.

3 Bedroom homes in all prices continue to sell well. It should be noted that year 2005 was one of the best local selling markets as rates were very favorable in that time frame and there was plenty of mortgage money available.

 The market graphs show that the local area is not seeing the huge downward shifts that are being reported in other areas of the country. We have for the most part held steady. Interest rates are still very favorable for most buyers and will allow you more home than last year. If you are considering a move I have set up a place that allows you to LOCATE A HOME  with my powerful HOME BUYER SEARCH site. Your local source to locate a home in Sterling, Rock Falls and Dixon as well as a host of other real estate information.

For more information about homes for sale in Sterling, Rock Falls or Dixon please feel free to contact me.

The information in this report is from numbers provided from the Sauk Valley Association of REALTORS. All information is beleived to be accurate but is not warranted. Any reproduction of the charts and the numbers is a violation of copywrite laws.

Sterling, Rock Falls and Dixon Sales and Marketing Report

The following graphs will provide you with a breakdown of sales for years 2005, 2006, 2007 for homes and multi family units in Sterling, Rock Falls and Dixon Illinois.

3 Bedroom homes in all prices continue to sell well. It should be noted that year 2005 was one of the best local selling markets as rates were very favorable in that time frame and there was plenty of mortgage money available.

 The market graphs show that the local area is not seeing the huge downward shifts that are being reported in other areas of the country. We have for the most part held steady. Interest rates are still very favorable for most buyers and will allow you more home than last year. If you are considering a move I have set up a place that allows you to LOCATE A HOME  with my powerful HOME BUYER SEARCH site. Your local source to locate a home in Sterling, Rock Falls and Dixon as well as a host of other real estate information.

For more information about homes for sale in Sterling, Rock Falls or Dixon please feel free to contact me.

The information in this report is from numbers provided from the Sauk Valley Association of REALTORS. All information is beleived to be accurate but is not warranted. Any reproduction of the charts and the numbers is a violation of copywrite laws.

Sterling,  Rock Falls and Dixon, Illinois Market Survey Report

  Real Estate Survey of Whiteside and Lee County Town Real Estate for Sale

Week of January 8, 2008 - January 15, 2008

  Interest rates have fallen slightly again and are making Sterling, Rock Falls and Dixon Real Estate very affordable. There are many great listings in all towns for all buyers. FHA and Illinois Rural Devlopement Money is still available. Please don't fall for the negative press you are hearing. Call me or visit my HOME HUNTER homepage.

This chart shows the total sales volume for the second week of January 2008 as compared to the same time in 2007. Year to date graph will follow. The market data for real estate and homes for sale in Sterling, Rock Falls and Dixon was pulled from the Sauk Valley Association of Realtors as of a 5:30 P.M. download and all information is believed to be accurate but not warranted.

As you can see there is little market change. Some of the new listings may be carry over from the previous year and also includes back on market which includes a listing that may have expired prior to January 8, 2008 and re-listed prior to January 15, 2008.

If you are thinking about buying or selling feel free to give me a call.  

You can take a look at any of the listings in Sterling, Rock Falls and Dixon as well as a host of other real estate information at any time at my web portal. 

Sterling,  Rock Falls and Dixon, Illinois Market Survey Report

  Real Estate Survey of Whiteside and Lee County Town Real Estate for Sale

Week of January 8, 2008 - January 15, 2008

This chart shows the total sales volume for the second week of January 2008 as compared to the same time in 2007. Year to date graph will follow. The market data for real estate and homes for sale in Sterling, Rock Falls and Dixon was pulled from the Sauk Valley Association of Realtors as of a 5:30 P.M. download and all information is believed to be accurate but not warranted.

As you can see there is little market change. Some of the new listings may be carry over from the previous year and also includes back on market which includes a listing that may have expired prior to January 8, 2008 and re-listed prior to January 15, 2008.

If you are thinking about buying or selling feel free to give me a call.  

You can take a look at any of the listings in Sterling, Rock Falls and Dixon as well as a host of other real estate information at any time at my web portal. 

Sterling,  Rock Falls and Dixon, Illinois Market Survey Report

  Real Estate Survey of Whiteside and Lee County Town Real Estate for Sale

Week of January 8, 2008 - January 15, 2008

This chart shows the total sales volume for the second week of January 2008 as compared to the same time in 2007. Year to date graph will follow. The market data for real estate and homes for sale in Sterling, Rock Falls and Dixon was pulled from the Sauk Valley Association of Realtors as of a 5:30 P.M. download and all information is believed to be accurate but not warranted.

As you can see there is little market change. Some of the new listings may be carry over from the previous year and also includes back on market which includes a listing that may have expired prior to January 8, 2008 and re-listed prior to January 15, 2008.

If you are thinking about buying or selling feel free to give me a call.  

You can take a look at any of the listings in Sterling, Rock Falls and Dixon as well as a host of other real estate information at any time at my web portal. 

EXCEPTIONAL  LIVING

Fine Sterling Home for sale.

This large 4 bedroom may be the perfect fit for you.  If you desire a home in a central location in Sterling, this home for sale may be perfect for you.  This home offers 4 large bedrooms and 2 1/2 baths.

Large master suite offers a private 3/4 bath as well as a private patio to enjoy warm evenings of togetherness.

Rates are still great...Now is the time to take advantage of low rates.

Additional features of the home include a double lot that is also fenced in and offers many mature trees as well as landscaping. Add in the tall evergreen bushes and this home also plenty of privacy.

Great den with gas log fireplace could also double as a home office, computer room or a small reading room with the built in bookshelf.

The extra lot is large enough for most any outdoor activity including adding you own pool, small pond, gazebo and much more. Shouldn't you be seeing this Sterling Home for Sale today?

Call Brian Corwell for additional information.

You can see more Sterling Illinois Real Estate 

all the time by visiting my

HOME BUYERS SITE.

Sterling,  Rock Falls and Dixon, Illinois Market Survey Report

Week of January 1, 2008 - January 7, 2008

This chart shows the total sales volume for the first week of January 2008 as compared to the same time in 2007. Remember that this was a holiday week with a holiday on Monday and Tuesday.

As you can see there is little market change. Some of the new listings may be carry over from the previous year and also includes back on market which includes a listing that may have expired prior to January 1, 2008 and re-listed prior to January 7, 2008.

If you are thinking about buying or selling feel free to give me a call.  

You can take a look at any of the listings in Sterling, Rock Falls and Dixon as well as a host of other real estate information at any time at my web portal. 

The total numbers are in for the Sauk Valley Association of Realtors. The following charts show sales activities of the top  offices in the Sterling and Rock Falls Area.  Each of the local RE/MAX offices are independantly owned and operated. These numbers represent only those sales that were reported to the mls of the Sauk Valley Association. 

Market Sales Totals for 2007

City of Sterling, Illinois

Top 6 Offices  by Transaction Volume

City of Rock Falls, Illinois

Top 6 Offices  by Transaction Volume

* Coldwell Banker was originally called Judy Powell Realty All information was provided by the Sauk Valley Association of REALTORS® and is deemed reliable but not warranted.

For Immediate Release:                                            For Further Information Contact:

January 10, 2008                                                        Brian Corwell 815-625-3722

Radon Disclosure Requirements Begin Jan. 1

Lee & Whiteside Counties, IL  - When a buyer and seller sign a contract on residential real estate property in Illinois on or after January 1, 2008, the new Illinois Radon Awareness Act will apply to the sales transaction. According to the new law, the seller must supply the buyer with two documents before the buyer will become bound on a contract to purchase the property. The first is a pamphlet from the Illinois Emergency Management Agency (IEMA) entitled "Radon Testing Guidelines for Real Estate Transactions." The second is a form to sign called "Disclosure of Information on Radon Hazards." 

According to IEMA, radon is a colorless, odorless, radioactive gas that comes from naturally occurring uranium in the soil and is the leading cause of lung cancer among non-smokers.

"REALTORS^® are working to educate consumers about the new radon law which affects certain residential real estate sales transactions entered on or after January 1, 2008," said Brian Corwell, president of the Sauk Valley Association of REALTORS®. "The law aims to boost radon awareness and does not require a radon test."

Although the new law does not require sellers to test for radon in the home or to reduce the concentration if elevated levels are found, the seller and buyer are free to negotiate whether further testing or remediation are necessary. In most cases, a seller will simply provide the two documents to the buyer before the contract takes effect.

            The law only applies to residential properties with "not less than one nor more than four residential dwelling units." There are some exemptions including residential real estate property transfers that result from the following:

•·        a court order

•·        transfer to a mortgagor to a mortgagee after foreclosure

•·        to a fiduciary through an estate, guardianship, conservatorship or trust

•·        a transfer between co-owners

•·        a transfer from an estate according to provisions in a will, or to statue where there is no will

•·        transfer to a spouse or other blood relation

•·        a relocation company who has taken the title, where the original seller has provided the required disclosures

•·        to or from a governmental body

In addition, since the law is not effective until January 1, 2008, it only applies to residential transactions entered on or after this date. If you have a contract pending that was signed prior to January 1, 2008, the law will not apply.

"Your REALTOR^® can provide you with the required disclosure form and information about where to find the radon pamphlet from the Illinois Emergency Management Agency. To learn more, visit http://www.radon.illinois.gov/ or log onto http://www.yourillinoishome.com/ for other tips for preparing your home for sale," said Corwell.

For Immediate Release:                                            For Further Information Contact:

January 10, 2008                                                                    Brian Corwell 815-625-3722

Get Foreclosure Information at www.YourIllinoisHome.com

Lee & Whiteside Counties, IL - If you are a homeowner at risk of foreclosure you need to know there are programs and services that can help but you must act quickly and before you are three months delinquent on your mortgage payment, according to Beth Llewellyn, CEO of the Partnership for HomeOwnership and a U.S. Housing and Urban Development (HUD)-certified homeownership counselor with over 12 years of experience helping lower-income families achieve homeownership. Llewellyn's information for homeowners facing foreclosure can be found online at http://www.yourillinoishome.com/, a consumer site for buyers and sellers developed by the Illinois Association of REALTORS®.

"Foreclosures in Illinois are a nine-month judicial process but after 90 days the lender will turn the delinquent loan over to foreclosure attorneys and then the fees really start to mount up," says Llewellyn. "The key is to not ignore letters from your lender. There are ways to work through a bad situation if you act quickly. A certified foreclosure intervention counselor can also negotiate with a lender, servicer or private mortgage insurance provider to restructure the loan if it can be determined the homeowner has the financial wherewithal to keep the home in the future."

Other options for people facing foreclosure include:

§         "Forbearance" whereby a lender lets a borrower pay less than the full amount of the mortgage or skip a few payments if there is a reasonable plan to become current on the loan.

§         "Reinstatement" is another option if the homeowner is able to make a payment that covers all of the previous late payments.

§         A "repayment plan" from a lender will allow a borrower who has fallen behind to make additional payments each month until the amount past due is paid.

To address the current wave of foreclosures, some state and local governments and nonprofit organizations are offering financial assistance. At-risk homeowners are encouraged to contact a local REALTOR® or a HUD-certified financial counselor to find out where to go for help. Llewellyn recommends the following:

§         U.S. Housing and Urban Development homeowner counseling, 1-800-569-4287, www.hud.gov 

§         Neighborhood Works America Center for Foreclosure Solutions, 1-888-995-HOPE (4673), www.nw.org

§         Illinois Legal Aid, www.illinoislegalaid.org 

Another option for the homeowner is to sell the home. Oftentimes in these situations the sale will be a "short sale in lieu of foreclosure." A "short sale" is an industry term for when the owner of the home does not have enough equity in the property and not enough cash or liquid assets to be able to sell the property, pay off liens and selling expenses (e.g., property taxes, transfer taxes, real estate commissions) and provide a clear title to the purchaser.

According to Llewellyn, a foreclosure will stay on the credit report for at least 10 years as it is a court action similar to bankruptcy. However, foreclosure can do even more damage to a credit report than bankruptcy. Ultimately, if you attempt to get a home loan in the future you must prove to the lender that the foreclosure happened due to something beyond your control such as job loss or illness.

"It's ideal if the homeowner who chooses to sell can work with a professional REALTOR® before they are delinquent three months," said Brian Corwell, president of the Sauk Valley Association of REALTORS®. "Within this short window of time, a professional REALTOR® might assist in negotiations with the lender to place the property on the market and possibly save the buyer any equity left, as well as prevent a foreclosure on their credit file."

Find more information about foreclosures and short sales at http://www.yourillinoishome.com/.

YourIllinoisHome.com was created by the Illinois Association of REALTORS® (IAR) specifically for consumers who are looking to buy or sell a home in Illinois, learn more about the Illinois real estate market and find an Illinois REALTOR®. IAR is a voluntary trade association whose 60,000 members are engaged in all facets of the real estate industry. In addition to serving the professional needs of its members, IAR works to protect the rights of property owners in the state by recommending and promoting legislation that safeguards and advances the interest of real property ownership.           

So before you lose you home call a local expert to assist you.