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cma: Plainfield IL, Naperville Illinois Real Estate - What is my home worth? - 09/09/08 11:14 AM
What is your home worth?All homes have a price, and sometimes more than one. There's the price owners would like to get, the value buyers would like to offer and a point of agreement which can result in a sale.
In considering home values, several factors are important:
The value of your home relates to local sale prices. The same home, located elsewhere, would likely have a different value. Sale prices are a product of supply and demand. If you live in a community with an expanding job base, a growing population and a limited housing supply, it's likely that prices … (0 comments)
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cma: Plainfield IL, Naperville Illinois Real Estate - Negotiation Tip - 05/06/08 08:17 PM
Negotiation is back in style, and is likely to remain a necessary part of buying or selling a home in today's residential housing market.
Needless to say, you need to work with the best real estate professionals you can find in your area. In most cases, it takes a team effort to put a home-sale transaction together and see it through to fruition.
HOUSE HUNTING TIP: Successful negotiations usually require give and take by both parties. It has been said that the sign of a successful negotiation is one where both parties walk away feeling they have won. It has also been … (0 comments)
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cma: Plainfield IL, Naperville Illinois Real Estate - How to avoid foreclosure - 03/27/08 12:20 PM
The following information is from www.yourillinoishome.com. A great resource for home owners.
How to Avoid Foreclosure
If you are a homeowner at risk of foreclosure you need to know there are programs and services that can help. It's important to act quickly and before you are three months delinquent on your mortgage payment, says 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.
"Foreclosures in Illinois are a nine-month judicial process but after 90 days the lender will turn the delinquent loan over to … (0 comments)
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cma: Plainfield IL, Naperville Illinois Real Estate - Possible home ownership tax credit - 03/26/08 10:31 AM
Economist suggests $5,000 home-buyer tax credit to spur homeownership. In the March Real Estate Insights, NAR (National Association of Realtors) chief economist Lawrence Yun, analyzes several federal plans proposed to curb foreclosures and stimulate the housing market. Yun proposes a homebuyer tax-credit of $5,000 tax credit (which currently exists in Washington, D.C.), which would cost the federal government $40 billion. Yun says: "A reversal in the weakness in the housing market, which has been subtracting about one percentage point off GDP growth, can add $40 billion to the U.S. Treasury, essentially offsetting the cost of the tax credit. If the initial $40 billion … (0 comments)
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cma: Plainfield IL, Naperville Illinois Real Estate - Home sale trends - 03/26/08 10:25 AM
February home sales activity improved slightly from January as we gear up for the spring market. According to the IAR's (Illinois Association of Realtors) latest report, total home sales were up 15.1 percent in February 2008 to 6,832 sales compared to January 2008 sales of 5,938; sales were down 22.9 percent from February 2007 totals of 8,860. The Illinois median price in February was $181,265, down 5.6 percent from $192,000 in February 2007. "REALTORS are seeing some signs of the spring market with increased activity and interest from potential buyers. If people have good credit, their finances in order, and are looking … (0 comments)
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cma: Plainfield IL, Naperville Illinois Real Estate - Why would a realtor want to help me with my short sale if I can't afford to pay them? - 03/19/08 06:42 AM
How does a realtor profit from a short sale?When formally requesting a short sale commitment from the bank, realtor commissions are usually included if a realtor was involved in the deal. The bank may counteroffer to lower the commission. Realtors can also "hunt" for short sales by talking to clients that have had their homes listed for a long time with no success. The realtor can explain the short sale process and help the owner negotiate with their lender to get it sold and the realtor gets their commission.Contact me today so we can evaluate your individual situation.
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cma: Plainfield IL, Naperville Illinois Real Estate - Fed Plan Lifts Mortgage Markets - 03/17/08 08:02 PM
Fed Plan Lifts Mortgage Markets
Tuesday, the Fed's surprise announcement of a new $200 billion lending facility led to a 400 plus point rally in the Dow, the biggest one day percentage gain since March 2003. The effect on mortgage rates was also favorable. The newly available funds will make it more appealing for financial institutions to borrow money from the Fed, which is expected to increase the demand for mortgage backed securities. Mortgage markets should benefit, and the spread between mortgage rates and Treasury yields narrowed significantly, reversing the trend from the prior week.
Mortgage rates fell significantly during the week, reversing … (0 comments)
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cma: Plainfield Illinois Real Estate, Naperville IL Real Estate - Will I still have to pay property taxes if I do a short sale? - 03/13/08 11:21 PM
Will I still have to pay property taxes if I do a short sale?
Someone will have to pay the property taxes in a short sale. It's just a question of who? Whether it is the property owner or the lender depends on the policies and specific agreements negotiated during the short sale. Do not take a short sale on by yourself, it's unnecessary. Contact me today.
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cma: Plainfield IL, Naperville Illinois Real Estate - Selling your home in todays buyers market. - 03/06/08 08:21 AM
I must admit that it is a challenging time to be selling your home. Improve your odds of selling your home in today's buyer's market with the following tips:
1. Be motivated! There are many homes listed right now. If you don't need to sell, then don't. Ask yourself: Why am I selling?
2. Condition. Gone is the day where the buyer wants to fix up a home. If it's broken, fix it. If it's not neutral, make it. Why should a buyer buy your home over another. Contact me for staging tips.
3. Price it right! What does that mean...........be prepared to list your home … (0 comments)
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Cheryl Bowers, Plainfield, Naperville, IL. Real Estate
Plainfield,
IL
More about me…
Keller Williams Realty
Address: 608 S. Washington Street, Suite 100, Naperville, IL, 60540
Cell Phone: (630) 712-1921
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