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ofallon il: O'Fallon IL Short Sales and...Pork with Passion! - 10/06/10 07:26 AM
Short Sales...and Pork with Passion
Short Sales first...
To say they are challenging may be a slight understatement...
No matter how many of these we do I still get an immense feeling of satisfaction when we get an approval letter from a bank or better yet... from 2 banks.
Many questions, tactics, approaches surround short sales. And in spite of new regulations they seem to move thru the system sporadically. That said, I love em. There is little else (in my opinion) in this industry that brings this sort of gratification from assisting others.
Helping a … (8 comments)
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ofallon il: Real Estate Update for O’Fallon IL, Home of the week, a 5K, and Alpacas! - 09/26/10 05:52 PM
While the Real Estate Market has cooled a bit as of late (there have been 15 closings in O’Fallon in September 2010 compared to 29 for this same period last year) there was plenty going on in O’Fallon this weekend. St. Clare had their Annual Oktoberfest along with a 5K run:
The Strange Folk Festival made a return to O’Fallon over the weekend; despite the wet weather the event was well attended.
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As mentioned above the closings have dropped off considerably in just 30 days however a true picture will have to wait until the end … (0 comments)
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ofallon il: Quick hit Real Estate Market update for O'Fallon IL and the return of the Gnome! - 09/20/10 02:23 PM
A quick hit for what's going on in O'Fallon as far as the Real Estate Market is concerned and a Gnome sighting.
At a glance for September (so far) 2010 O'Fallon IL.
Number of homes currently for sale: 249
Number of homes currently under contract: 63
Number of homes that have closed: 9 (Sept 1-20th)
Average sales price : $164,481
Average Market time: 124 Days
Full report to follow soon.
The gnome has returned...
If you are in town this weekend be sure and visit the Strange Folk Festival. It runs September 25th & 26th … (0 comments)
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ofallon il: O'Fallon IL gets a bit Greener... - 09/09/10 07:07 AM
Missed the RE/MAX Preferred electronic recycling drivelast month?
Mayor Gary L. Graham is pleased to announce that a Electronics, Computers, Appliances and Surplus Equipment Recycling Event will be held in O'Fallon on Saturday, October 9, 2010 from 8 a.m. - 1 p.m. at Carriel Junior High School, 451 North Seven Hills Road. The event is hosted by the City of O'Fallon and the O'Fallon-Shiloh Chamber of Commerce in conjunction with WITS, Inc.
For those of you who will be gone... there is this tiny little race on 10-10-10 that I know many of you are training for...feel free to drop items … (0 comments)
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ofallon il: What goes up...O'Fallon IL Real Estate Conditions Update August 2010 - 09/03/10 02:46 PM
What goes up...must come down. As numbers tumbled nationwide the (sharpest drop in history at 27%) after the tax credit original expiration of June 30, 2010 something odd was going on in O'Fallon IL. While it is true that numbers did go down slightly from June to July - they went back up (+15%) in August...actually it was the best August since 2006.
So while there are areas that continue to slide, O'Fallon IL seems to be holding on and in fact increasing despite the economic climate and depressed housing market. On a broader, but still local view, … (0 comments)
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ofallon il: Local media, the tax credit and a closer look for O'Fallon IL - 08/26/10 07:48 AM
First a bit of disclosure...
I stopped taking a paper years ago. I view them about the same way I see phone books... a giant and expensive waste of paper. However I do in fact still voraciously read various trade publications along with our local paper online. The big news of late has been that home sales have plummeted 27% from June to July. So effective is social media that I received this news almost a dozen times before a client brought it to my attention in a printed format.
Our local paper managed to regurgitate the same story yesterday (read the … (0 comments)
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ofallon il: Stray Rescue and the Great Liberation Revolution! - 08/25/10 07:10 PM
For those of you who have had the pleasure of meeting Randy Grim you know what an extraordinary person he is. If you have not been lucky enough to meet him and get involved then please check out the Stray Rescue Website.
This weekend is a celebration of sorts, a semi - grand opening/ open house at their new location and the "Liberation Revolution Festival" if you need a new furry friend, this is the time and place to be.
… (2 comments)
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ofallon il: Help us out! - 08/04/10 07:14 PM
August 5th 2010...it’s HOT go get a Blizzard from DQ and help us out. Proceeds from every Blizzard purchased at a participating Dairy Queen store will help children at your local Children's Miracle Network hospital. Diet? What diet? It’s a GREAT cause so go for it! Local DQ restaurants participating
DQ GRILL & CHILL RESTAURANT 412 S MADISON ST LEBANON, IL 62254-1609
DAIRY QUEEN BRAZIER 2411 OLD COUNTRY INN DR CASEYVILLE, IL 62232-2304
DAIRY QUEEN BRAZIER 804 N STATE ST FREEBURG, IL 62243-4004
DAIRY QUEEN BRAZIER 3260 NAMEOKI RD GRANITE CITY, IL 62040-5014
… (3 comments)
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ofallon il: Home of the week and Ice Cream (for a good cause) - 08/02/10 08:10 AM
Great home for sale in O'Fallon IL just reduced!
On August 5th proceeds from every Blizzard purchased at participating Dairy Queen restaurants will help local Children's Miracle Network (CMN) Hospitals. Since it is going to be "Hotter than a Goat Eating a Blow Torch" ...no I did not make that up I really heard it...get some ice cream and feel good about doing it.
Road construction continues on the soon to be New and Improved O'Fallon/Troy Road. Don't let the lack of activity fool you there are really folks working... the photos are from early morning.
Stay … (0 comments)
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ofallon il: O'Fallon IL Real Estate Market Update June 2010 - 07/18/10 12:30 PM
June 2010 And Mid Year Quarter Real Estate Market update for O'Fallon IL.
Nationwide: More money for troubled homeowners...
The Treasury Department has approved another $1.5 Billion to help homeowners in the five States with the highest levels of foreclosure rates. Arizona, California, Florida, Michigan and Nevada all will be receiving the additional funds. Currently on the table for discussion (and should pass by the end of the month) is another 600 Million for the next five states on the list, North Carolina, South Carolina, Ohio, Oregon, Rhode Island.
Locally:
The end of the tax credit came and went...then … (0 comments)
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ofallon il: Tax credit and Road Work...Related? No but read on! - 06/28/10 10:20 AM
An amendment that would have extended the U.S. Homebuyer Tax Credit closing deadline from June 30 to Sept. 30 died with the American Jobs and Closing Tax Loopholes Act of 2010, which also would have extended U.S. jobless benefits. The Senate voted Thursday 57-41 against the legislation.
NAR estimates that as many as 180,000 buyers who went under contract before April 30 could miss out on the credit without an extension.
"Unfortunately, this piece of legislation ended up being very controversial," says Dave Liniger, RE/MAX Chairman and Co-Founder. "We were optimistic when the Senate approved the amendment adding … (0 comments)
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ofallon il: O'Fallon IL Real Estate Update for May 2010 - 06/10/10 07:21 AM
Real Estate market update for O'Fallon IL May 2010
NATIONWIDE:
The results are somewhat mixed on the effect of the Obama administration's program that allows homeowners to modify their current mortgages in an effort to keep them in the home and avoid foreclosure.
By the end of April 2010 roughly 1.2 million mortgages had been given a trial loan modification. Just over 25% of them have already been dropped from the program according to the Wall Street Journal. The two main reasons for being eliminated from the program were:
•1.) Failure to make payments
•2.) Failed to prove they met the requirements … (0 comments)
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ofallon il: O'Fallon IL Real Estate Market Update April 2010 ( The tax credit...did it work?) - 05/10/10 08:31 PM
The tax credit has officially expired and the numbers are pointing to it being a huge success. Nationwide data is not in yet for April however in March home sales were up 21% over the same period last year according to The National Association of Realtors (NAR) Pending Home Sales Index.
First time home buyers made up 44% of home sales in March across the nation. The Pending Home Sales Index reflects signed contracts and not actual closings but is a pretty good indicator of things ahead. The true picture of what effect the tax credit had on the housing market … (0 comments)
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ofallon il: Boston (NRR...Not Real Estate Related) - 04/19/10 07:01 AM
Welcome to Hopkinton!
Congratulations...you ran
You made it. All those cold mornings in the dark, the rain, snow and wind, you ran. While others slept or hit snooze you ran. You ran when you didn't want to, you ran when you felt terrible...you ran. 20 miles (or more) time that could be spent doing other things, you found a way. 4am is a tough wakeup call but you did it... and you ran. When others said "26 miles? I could never do that" you smiled and...ran. Injuries, aches and pains that sideline most people... you ran. You ran...reaching for something, seeking...today. … (2 comments)
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ofallon il: The Healthy Abode: Water Conservation in the home - 04/15/10 05:00 AM
Do you realize how easy it is to save water in your home without sacrificing the performance or design of your plumbing fixtures? A simple way to identify high performance, water conserving fixtures is with the WaterSense label. Products that have achieved this label will be at least 20% more efficient than conventional models.
Similar to the EnergyStar program, WaterSense is sponsored by the EPA to protect the future of our water supply and promote water efficiency. WaterSense qualified fixtures must be tested to verify that they not only meet the required flow rate, but also that they perform … (2 comments)
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ofallon il: The Healthy Abode, Countertops - 03/10/10 05:12 PM
The Healthy Abode - Countertops
So, you're in the market for a new countertop, and you want something that is earth-friendly, durable, sanitary, low-maintenance, gorgeous, and won't break the bank. Where to begin and how in the world can an eco-countertop boast all of these features? Let's talk.
First, to appreciate what makes a countertop sustainable, it's essential to understand the meaning of sustainability. According to Merriam-Webster's dictionary, sustainability is "a method of harvesting or using a resource so that the resource is not depleted or permanently damaged." My 2 cents - a sustainable product should … (2 comments)
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ofallon il: O'Fallon IL February Real Estate Market Update 2010 - 03/08/10 01:27 PM
February...not the most exciting month for Real Estate in O'Fallon IL, but 17 homes did close. Interesting to note that 17 homes closed in February of 2009 so no downward movement here, GOOD news.
Currently there are 45 homes under contract and 225 for sale so it is still a fantastic time to purchase. The tax credit is still in place and rates continue to be very competitive.
Price range should be no real surprise and...they are not. Below $300,000 was 100% of the activity.
Looking at the same data from a year to date perspective provides more … (0 comments)
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ofallon il: FSC....WHAT is that? - 02/25/10 01:32 PM
An excellent way to recognize sustainably harvested Hardwood or Bamboo is to look for the FSC Certified label.
FSC is an acronym for "Forest Stewardship Council," which was established in 1993 to change destructive logging practices as an effort to protect the earth's natural habitat and prevent deforestation. The Forest Stewardship Council represents the world's strongest system for setting Forest Management standards ranging from legal issues, regional scenarios, and environmental impacts surrounding forest management. Their mission is to promote "environmentally appropriate, socially beneficial and economically viable forest management." To simplify, think of it this way - with FSC … (1 comments)
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ofallon il: Tax Credit Update! - 11/17/09 07:07 AM
Tax credit has been extended and expanded, no longer do you need to be a "first time homebuyer" to receive the credit. Been in your home for 5 years? Then you very well may qualify! … (1 comments)
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ofallon il: Market Update O'Fallon IL October 2009 - 11/09/09 09:11 AM
October was wet, really wet. Muddy yards, wet basements, cloudy skies and one of the hottest months for Real Estate this year!
October saw 43 homes close in O'Fallon... this number is closer to June, July, August activity. Actually you have to go back to 2005 to find an October with those kinds of numbers. Much of this can be attributed to the first time home buyer tax credit. Set to expire in late November this is most likely a surge of folks rushing to take advantage before the expiration. Good news is that there is a VERY good chance it will be … (0 comments)
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David Holden Broker/Owner RE/MAX Preferred
O Fallon,
IL
More about me…
RE/MAX Preferred ABR, CDPE,GREEN,GRI,SFR
Address: 1668 Windham Way, O'Fallon, IL, 62269
Office Phone: (618) 531-4887
Cell Phone: (618) 531-4887
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