Concord Oaks consists of 474 Single Family Homes. Built in the mid 90’s, Concord Oaks is located south of Grand Avenue, west of Hunt Club Road. Surrounded by the Bittersweet Golf Course, many homes feature golf course lots. Convenient access to nearby shopping, and just minutes from I-94. Concord Oaks is also near to Woodland Middle School.

As of December 13, 2009 there are 7 homes for sale in this community, ranging from $272,000 to $386,000. In the last 6 months, 10 homes sold in Concord Oaks. Prices ranged from $235,000 to $350,000.

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Aberdare Estates consists of 64 executive single family homes built in the 1990's. It is located north of Washington Street and east of Almond Road. Surrounded by the Bittersweet Golf Course, many homes feature golf course lots. Convenient access to nearby shopping and just minutes to I-94, Aberdare estates is also next to Woodland Middle School and close to Warren Township Park.

As of December 13, 2009 there are 5 homes for sale is this community, ranging from $574,900 to $648,000.

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What Is A Home Warranty Plan?

A home warranty plan, also known as a home protection plan, is a service contract that offers homeowners a way to safeguard themselves against possible breakage or a malfunction within the home.  It's impossible to predict the future, which is why so many buyers look for that little extra peace of mind to comfort them when life unexpectedly throws them an unforeseen problem.

Who Needs A Home Warranty Plan

Basically, anyone who purchases a home and is concerned with the cost of repairs should consider a home warranty plan.  This is especially true of first-time home buyers who may not be familiar with home maintenance.

Factoring In The Cost

When factoring in the potential cost of repairing a major appliance or other home component, a home warranty plan may not be a bad investment.  The actual cost of warranty coverage will depend on the plan chosen and the items protected.  As is the case with everything in life, it's best to shop around and compare prices.

Who Pays For A Home Warranty Plan

As a buyer, you can order a home warranty plan in conjunction with the purchase of your home.  However, some sellers or builders may include this type of offering as an incentive to attract potential buyers.  In this case, the plan is yours at no additional cost. 

What's Covered & What's Not

Just like a car warranty, no two policies are the same.  Coverage varies by location and issuer, and your REALTOR® can help you to choose a warranty plan that best suits your needs.  Most basic plans cover a home's heating and cooling system, electrical system, plumbing, water heater and major appliances, including a dishwasher, range/oven/cooktop, garbage disposal, etc.  Coverage does not apply to items that are misused or damaged, either intentionally or through negligence.  Instead, most home warranty plans are designed to protect the homeowner from defects that result during the course of normal wear and tear.

When considering the purchase of a home warranty plan, review the complete contract and familiarize yourself with exactly what's covered under your policy.  If you want an upgraded policy, don't hesitate to ask your REALTOR® if one is available.  Most companies do not require a home inspection and will notify homeowners when their coverage is about to expire.  The good news is that most policies are renewable.

In Conclusion

The purchase of a home is a big step and it's likely to be the largest purchase you will ever make, so be sure to consider all of the options available to help protect yourself from costly repairs.  Ask your REALTOR® for more information relating to available home warranty plans.

Pricing Your Home to Sell

In addition to location and condition, the asking price of a home is at the top of the list of important considerations. When a potential buyer is looking for a property, they want to get the best possible value for their dollar. This doesn't mean that a home should be priced too low, but it does mean that knowing how to price your home is a must.

Know The Value

Regardless of whether you are in a buyer's market or seller's market, it's important for every seller to know the actual value of their home with the help of an appraisal. With this information, you will be able to choose a listing price that does not exceed the home's value. At the same time, you will know how to react to various offers that a potential buyer may make. If you can select a price that is affordable to a range of buyers, you may receive multiple offers thereby sparking a possible competition among the interested parties.

Do Your Homework

The asking price that you choose should not be based on an appraisal alone, but rather a combination of factors. One such factor is that of recent selling prices for comparable homes in the area known as “comps.” Important comparisons include construction year, square footage, views (if applicable), interior upgrades and additional features that make the home unique. While you're doing research, check out current listings and the asking price for each home available in your area.

Set a Realistic Timetable

In researching the sale price for other comparable homes in the area, you should also note the length of time a particular house has been on the market. Some homes practically sell overnight, while others may remain on the market for months without being sold. If you want to sell your home quickly, you should consider this when setting a price. A bargain will obviously move quicker, but it's important to make enough from the sale to feel good about your choice. If you aren't in a hurry to close, talk with your realtor about a fair starting price that's at or near the appraised value of your home.

Ask Your REALTOR® for Advice

While you hold the key, so to speak, to your house's actual asking price, most sellers will ask their REALTOR® for their opinion. After all, real estate is their business and they will be working with you through every step of the process. If you choose a REALTOR® that you trust, give great consideration to the advice they offer.

Right now, there’s little doubt that it's a buyers market for real estate. Regardless of how you buy your investment property, most experienced investors agree that you should consider several viable exit strategies for what you plan to do with the property after purchase. Here are a few suggestions of exit strategies:

Buy and Hold

This should certainly be a strong consideration in today’s market. If you plan to hold, then you need to be aware of market rents for the area the property is located. Be prepared to manage the property yourself, or factor in the cost of having a management company do it for you. Your monthly expenses (Principal, Interest Taxes, Insurance and any Homeowners Association Dues) and vacancy factor should be covered by reasonable market rent. If not, then the property is priced too high for this to be a viable strategy.

Fix and Flip

Buying a house that needs some repairs can be an excellent strategy if you do your homework. Make sure you consider all of the potential costs involved downstream when determining your purchase price. Don't over-do the rehab. You want your property to be one of the best on the block, but not out of place in a particular neighborhood. Don't forget to factor in a conservative hold time – that’s the time it takes to make repairs to the property, advertise to find a buyer and close the sale.

Buy and Flip

This is a very similar process as the previous example. In this case the property is bought at deep discount needing no (or minimal) repairs therefore there is no fixing or very minimal fixing to do before flipping to the new buyer.

Wholesale

Basically, this involves getting a property under contract and selling the property to buyer. You need to be aware of market values for the properties you’re finding. There must be enough room in your negotiated purchase price to attract the interest of your buyer.

Planned flexibility

Be prepared to buy and hold a property that you originally intended to fix & flip. Even fix and flip a house you had hoped to wholesale. The bottom line is that you should consider various scenarios as you figure out your purchase price and be prepared to change exit strategies should your initially preferred plan not pan out.

There are many more creative exit strategies than just these few suggestions. If you’d like to get started investing in real estate or even if you’re already experienced, we can help you buy, sell or manage your investment properties. Visit us on the web at Midwest Premier Realty.

Year-to-date, there are 104 residential properties in Round Lake Beach, IL in either Pre-foreclosure, Auction Pending or REO status.

If you are looking to buy an investment property now is the best time! Contact Midwest Premier Realty to find the best opportunities in the Round Lake Beach, IL area. We are HUD certified and can help you find your next investment property.

Year-to-date, there are 56 residential properties in North Chicago, IL in either Pre-foreclosure, Auction Pending or REO status.

If you are looking to buy an investment property now is the best time! Contact Midwest Premier Realty to find the best opportunities in the North Chicago, IL area. We are HUD certified and can help you find your next investment property.

Midwest Premier Realty Presents:

George or Dave | Midwest Premier Realty | (847) 445-4093 485 Freedom Court, Gurnee, IL Stunning home in pristine condition. Excellent neighborhood and cul-de-sac location. Many upgrades including granite counters. 5BR/3.5BA Single Family House offered at $424,900 Year Built 1995 Sq Footage 2,731 Bedrooms 5 Bathrooms 3 full, 1 partial Floors 2 Parking 3 Car garage Lot Size 10,454 sqft HOA/Maint $25 per month DESCRIPTION Stunning home in excellent cul-de-sac location. Large fenced backyard and paver patio. 3 car garage. Vaulted ceilings in living, dining rooms and master bedroom. Large kitchen with island, oak cabinets, beautiful granite counter tops and breakfast nook. Wood floors in most of main level. Ceramic tile floors in bathrooms and foyer. New carpets. Family room has floor to ceiling brick fireplace. Professionally finished full basement has a half bathroom and lots of storage. Master suite has walk-in closet, whirlpool, separate shower and double vanity. Very well maintained and in pristine condition. Very convenient location near shopping, restaurants and entertaiment. Only minutes from Gurnee Mills, College of Lake County (CLC), University Center of Lake County, Six Flags, Key Lime Cove and Metra Train Stations. Also near Libertyville, Mundelein, Vernon Hills, Grayslake, Hainesville, Deerfield, Round Lake, Lake Villa, Antioch, Great Lakes, North Chicago, Waukegan, Lake Bluff, Highland Park, Lake Forest, Deerfield, etc. see additional photos below PROPERTY FEATURES Central A/C Central heat Fireplace High/Vaulted ceiling Walk-in closet Hardwood floor Tile floor Family room Living room Bonus/Rec room Office/Den Dining room Breakfast nook Dishwasher Refrigerator Stove/Oven Microwave Basement Washer Dryer Laundry area - inside Balcony, Deck, or Patio Yard Jacuzzi/Whirlpool ADDITIONAL PHOTOS Photo 1 Photo 2 Photo 3 Photo 1 Photo 5 Photo 6 Contact info: George or Dave Midwest Premier Realty (847) 445-4093 For sale by agent/broker Equal Opportunity Housing Posted: Mar 1, 2009, 2:40pm PST