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real estate: Changing Home Sale Market in Chicago and Suburbs - 06/25/09 05:56 PM
What is the next glitch in the changing home sale market for Chicago and the Suburban Market?
What also affects those property owners who want to refinance their property or do a mortgage modification?
Its the Appraisal....
Since May 1, home appraisals must be ordered at arm's length, often through a national management company. Gone are the days when a mortgage broker or lender could hire a familiar appraiser to close a deal. Now, communication between the appraiser and real estate agents is discouraged.
The new rules were proposed by New York Attorney General Andrew Cuomo, who pushed for the standards … (0 comments)
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real estate: Arlington Heights, IL Market Update for Single Family and Attached Homes - 05/05/09 12:25 PM
Did you know that homes ARE selling in Arlington Heights? As of May 5, 2009, 14% of the single family homes that are listed for sale in MRED (our area multiple listing service) are under contract! This is a 7% increase in since April 23, 2009! This is still a relatively low number compared to statistics during the peak real estate years. However, it does mean there are buyers out there that are buying homes! In the past month, there also have been 19 homes that have closed. Hopefully we'll see this number increase in the coming weeks.
Here are the rest of the market statistics as … (0 comments)
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real estate: Just Listed! 3S280 Blackthorn Ln in Warrenville, IL - 05/05/09 11:01 AM
JUST LISTED! 3 bedroom home for $150,000!
3S280 Blackthorn Lane in Warrenville, IL
This desirable cape cod attached single-family home features a first floor bedroom and full bath! Upstairs there are two additional bedrooms, full bath, and large loft area that is perfect for home office or play area. Spacious eat-in kitchen with hardwood floors and vaulted ceiling in bedroom. Recent updates in last 7 years include roof, hot water heater, furnace and windows! Low annual association fee for common areas! Don't pass this one by!
This home is subject to a short sale so it does require some patience from prospective buyers … (2 comments)
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real estate: New Price for Del Webb Edgewater Ranch at 2648 Venetian Lane, Elgin, IL - 05/04/09 03:41 PM
New Price! $270,000!
Del Webb's Edgewater is an active adult community for 55+ adults. Edgewater offers the Del Webb lifestyle in a smaller alternative to nearby Sun City Huntley. Edgewater's location off of Randall Road in Elgin means retail shopping and restaurants are close to home. With 1,040 homes, Edgewater is one of the largest active adult communities in Chicago and offers a vast array of amenities and social clubs. Residents of Edgewater have chosen to make it their home because it offers the Del Webb lifestyle in a more intimate community than Sun City Huntley and it is also close … (0 comments)
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real estate: Don't Miss It! First Time Home Buyer Tax Credit up to $8,000! - 04/23/09 08:05 AM
Are you a first time homebuyer?
According to the National Association of Realtors 2008 Profile of Home Buyers and Sellers, the median age of a first time homebuyer is 30 years old with a median income of $60,000.
First time homebuyers are in a unique position in the current real estate market because they are not constrained by the necessity to dispose of their current residence. In addition, there are many financial incentives from federal and state programs that are only available to first time homebuyers. Even individuals that have not owned a home in the last three years may be … (0 comments)
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real estate: Arlington Heights Real Estate Market Update - 04/23/09 08:00 AM
Did you know that homes ARE selling in Arlington Heights? As of April 23, 2009, 13.1% of the single family homes that are listed for sale in MRED (our area multiple listing service) are under contract! This is a 15% increase in the past three weeks! This is still a relatively low number compared to statistics during the peak real estate years. However, it does mean there are buyers out there that are buying homes! In the past month, there also have been 21 homes that have closed. Hopefully we'll see this number increase in the coming weeks.
Here are the rest of the market statistics as … (0 comments)
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real estate: Arlington Heights Real Estate Market Update - 03/30/09 09:42 AM
Did you know that homes ARE selling in Arlington Heights? As of March 30, 2009, 11.4% of the single family homes that are listed for sale in MRED (our area multiple listing service) are under contract! This is a 16% increase in the past two weeks! This is still a relatively low number compared to statistics during the peak real estate years. However, it does mean there are buyers out there that are buying homes! In the past month, there also have been 16 homes that have closed. Hopefully we'll see this number increase in the coming weeks.
Here are the rest of the market statistics … (0 comments)
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real estate: Open House Sunday March 29th 2-5pm Ranch Townhome with Basement in Carol Stream - 03/27/09 09:18 PM
652 Kingsbridge, Carol Stream
Directions: Army Trail Road to County Farm Road south to Woodhill east to Kingsbridge north
Contemporary ranch townhome with finished basement, cathedral ceilings, and beautiful decor. Location within walking distance to parks, Carol Stream park district recreation center and outdoor pool, and shopping at Heritage Plaza with Jewel, Blockbuster & other stores!
This quality built Cambridge home features an extra wide driveway, deck, all appliances, many updates, and 13-month Home Warranty. This townhome has the feel and size of a single family home!
Just Listed! $230,000 Spacious Living Room with Cathedral Ceilings
… (1 comments)
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real estate: Open House Sunday March 29th 2pm to 5pm in Carol Stream - 03/23/09 09:08 AM
1140 Sandhurst Lane, Carol Stream
Directions: Army Trail Road to County Farm Road south to Woodhill east to Sandhurst south
This Cheshire model has a maintenance free exterior and a new roof! This beautiful home is located in the Cambridge Pointe subdivision within walking distance to Glenbard North High School, the Simkus Recreation Center with outdoor pool, bike paths, and shopping area with restaurants. This four bedroom home features cathedral ceilings, hardwood floors, crown molding, fireplace in family room with oak mantle, new carpet, large bedroom sizes, two-tiered deck and gazebo, large eat-in kitchen and a amazingly finished basement with oak bar, french doors to den/office, and … (0 comments)
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real estate: Arlington Heights Real Estate Market Update - 03/15/09 02:55 PM
Did you know that homes ARE selling in Arlington Heights? As of March 15, 2009, 9.8% of the single family homes that are listed for sale in MRED (our area multiple listing service) are under contract! This is still a relatively low number compared to statistics during the peak real estate years. However, it does mean there are buyers out there that are buying homes! In the past month, there also have been 16 homes that have closed. Hopefully we'll see this number increase in the coming weeks.
Here are the rest of the market statistics as of March 15, 2009:
Property Type: Detached Single Area: Arlington Heights Months Back: 1 … (0 comments)
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real estate: Arlington Heights Real Estate Market Update - 03/05/09 12:48 PM
Did you know that homes ARE selling in Arlington Heights? As of March 5, 2009, 9.4% of the single family homes that are listed for sale in MRED (our area multiple listing service) are under contract! This is still a relatively low number compared to statistics during the peak real estate years. However, it does mean there are buyers out there that are buying homes! In the past month, there alslo has been 12 homes that have closed. Hopefully we'll see this number increase in the coming weeks.
Here are the rest of the market statistics as of March 5, 2009:
Property Type: Detached Single Area: Arlington Heights Months Back: 1 … (0 comments)
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real estate: Financial Incentives for First Time Homebuyer's - 03/03/09 03:21 PM
Are you a first time homebuyer?
According to the National Association of Realtors 2008 Profile of Home Buyers and Sellers, the median age of a first time homebuyer is 30 years old with a median income of $60,000.
First time homebuyers are in a unique position in the current real estate market because they are not constrained by the necessity to dispose of their current residence. In addition, there are many financial incentives from federal and state programs that are only available to first time homebuyers. Even individuals that have not owned a home in the last three years may be … (0 comments)
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real estate: New Price for Schaumburg ranch! - 03/03/09 02:05 PM
This expanded Bradford model looks and feels like a new home! The original owner has updated it from top to bottom! Updates include newer high end Pella windows, roof, furnace, central air, paver brick walk, concrete driveway, solid oak doors, and remodeld kitchen and bathrooms with quartz countertops and custom cabinetry. The family room addition features cathedral ceilings and a view of a wooded area! Other features include all new/updated mechanicals, formal dining room, and living room with skylight, custom bookshelves and custom fireplace. This home shows like a model and must be seen to be appreciated!!!
Contact me for more … (0 comments)
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real estate: Open House Sunday February 22nd from 2 to 5 at Del Webb's Edgewater community in Elgin - 02/19/09 11:33 AM
2648 Venetian Lane in Elgin
Directions: Randall Road to Bowes west to entry to Edgewater community north to Venetian right
Del Webb's Edgewater is an active adult community for 55+ adults. Edgewater offers the Del Webb lifestyle in a smaller alternative to nearby Sun City Huntley. Edgewater's location off of Randall Road in Elgin means retail shopping and restaurants are close to home. With 1,040 homes, Edgewater is one of the largest active adult communities in Chicago and offers a vast array of amenities and social clubs. Residents of Edgewater have chosen to make it their home because it offers the … (0 comments)
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real estate: Cambridge Pointe 2-story home in Carol Stream with Finished Basement - 02/19/09 10:08 AM
This Cheshire model has a maintenance free exterior and a new roof! This beautiful home is located in the Cambridge Pointe subdivision within walking distance to Glenbard North High School, the Simkus Recreation Center with outdoor pool, bike paths, and shopping area with restaurants. This four bedroom home features cathedral ceilings, hardwood floors, crown molding, fireplace in family room with oak mantle, new carpet, large bedroom sizes, two-tiered deck and gazebo, large eat-in kitchen and a amazingly finished basement with oak bar, french doors to den/office, and custom wood work!
Finished Basement with Custom Bar!
Contact me for more information about this exceptional home!
… (1 comments)
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real estate: Spectacular Ranch with Family Room Addition in Schaumburg - 02/19/09 09:52 AM
This expanded Bradford model looks and feels like a new home! The original owner has updated it from top to bottom! Updates include newer high end Pella windows, roof, furnace, central air, paver brick walk, concrete driveway, solid oak doors, and remodeld kitchen and bathrooms with quartz countertops and custom cabinetry. The family room addition features cathedral ceilings and a view of a wooded area! Other features include all new/updated mechanicals, formal dining room, and living room with skylight, custom bookshelves and custom fireplace. This home shows like a model and must be seen to be appreciated!!!
Contact me for … (1 comments)
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real estate: Bartlett home with Greenhouse Addition! - 08/12/08 05:16 AM
This is a house that you have to see to believe with many unique and interesting features that just cannot be described. Located in an excellent area across from the golf course and within walking distance to two parks, library and community center with gym, pools and preschool. Plus conveniently close to shopping and two grocery stores.
Interior features include hardwood floors; updated kitchen with Jenn Air range with built-in grill and pantry; custom finished family room with built-in entertainment center, dry bar and office; and updated bathrooms with Jacuzzi tub and oversized shower with sauna features.
Not to be overlooked is the attached 20'x20' greenhouse with multiple interconnecting ponds, … (0 comments)
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real estate: Short Sales - 08/04/08 08:44 AM
What is a short sale? In today's marketplace, we hear this term used frequently. But what does it really mean? Let's start with the legal definition.
A short sale is a sale of a house in which the proceeds fall short of what the owner still owes on the mortgage. Many lenders will agree to accept the proceeds of a short sale and forgive the rest of what is owed on the mortgage when the owner cannot make the mortgage payments. By accepting a short sale, the lender can avoid a lengthy and costly foreclosure, and the owner is able to pay off … (0 comments)
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real estate: North Aurora Investment Property - 07/31/08 10:13 AM
Limited time left on this 2-story end unit townhome located east of the Fox River! Conveniently close to shopping (new WalMart on Kirk Road and outlet mall) and tollway (I-88). Also walking distance to Fox River trails. Featuring 2-story living room, dining room, separate eating area, 3 bedrooms, 2.5 baths, all appliances, 2 car garage and deck and value priced at $163,500! It's the lowest priced townhome in Woodland Lakes! Excellent for an investment rental property or perfect for first-time home buyer. Low association fees! Needs some cosmetic touch-ups (i.e. paint and flooring). All offers are subject to bank approval as this will be a short-sale.
For more … (4 comments)
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