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plainfield: Plainfield IL Short Sales - 12/17/11 02:04 AM
In the month of November 2011, there were 77 new properties that began the foreclosure process in Plainfield, IL. In November 2010, there were 79 new properties that began the foreclosure process. Not really much of a change when comparing market snapshots for the same time year to year.
Illinois is a judicial state, meaning that the lender must take legal action against the homeowner in a court to regain ownership of the property. From the time the Lis Pendens is filed the owners have anywhere from 6 months upwards of nearly 2 years before the lender takes back the property. … (0 comments)
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plainfield: Plainfield Foreclosures up 30% in 2011 | Plainfield IL Short Sale Realtors - 12/17/11 02:03 AM
The amount of foreclosure proceedings for 2011 are up from 660 new pre-foreclosure filings in 2010 to 944 new filings in 2011. These numbers are from January 1st through November 30th for both years. Until the end of this final month of the year I won’t have the final yearly totals, so I compared both years through the end of November to keep the comparisons consistent.
This is not good news for anyone looking to sell a home as a regular residential sale in Plainfield IL anytime soon. These homes will most likely sell at discount through either short sale or … (1 comments)
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plainfield: 38.9% of October Single Family Home Sales Were Distressed | Plainfield IL Homes for Sale - 11/30/11 09:05 AM
In October, 74 single family homes sold in Plainfield IL. The homes ranged in price from $89,000 all the way up to $635,000.
While the number of distressed home sales is still holding steady at an alarming 38.9%, we are down from the 50% ratio that consumed most of these reports in 2010 and earlier this year in 2011.
Of the 74 single family homes that closed in Plainfield, 18 of these homes were bank foreclosures that made up 24% of the total sales for the area in October. Another 11 single family homes that … (0 comments)
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plainfield: An Ounce of Prevention is Worth a Pound of the Cure... Or a Closing - 01/12/10 09:57 PM
This whole short sale business has my nerves on end. I've got between 1 and 2 homes closing every month since I've filled the pipeline, but wow... I swear I learn something new every single time.
I've been too busy to blog. Not only is real estate keeping me busy, but I do have 5 young children that keep me pretty busy too, lol! Despite the fact that my head is spinning and my nerves are shot, I thought it was worthwhile to stay up a little later tonight to write this post.
One of my properties was supposed to … (3 comments)
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plainfield: Mayfair Subdivision Real Estate Closings in Plainfield IL | Plainfield IL Homes - 03/21/09 09:54 AM
Mayfair’s most recent real estate closings in Plainfield IL are:
6510 Benich Ln. closed on 11/06/08 for $158,000 2509 Joe Adler Dr. closed on 2/27/09 for $160,000 6607 Peyla Ln. closed on 11/21/08 for $180,000 6510 Goldhaber Ln. closed on 1/5/09 for $197,500 3001 Ruth Fitzgerald Dr. on 1/12/09 for $208,500 2809 Joe Alder Dr. on 9/8/08 for $215,000 The average sale price for a home in the Mayfair subdivision from September 2008 to February 2009 was $186,500.
If you are interested in knowing what your home in the Mayfair subdivision is worth, or have questions about buying or selling … (0 comments)
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plainfield: Recent Closings in Kensington Club Subdivision in Plainfield IL | Plainfield IL Homes - 03/21/09 09:49 AM
The following homes have recently closed in the Kensington Club subdivision in Plainfield IL: 13040 Stockton Ave. closed on 1/07/09 for $268,000 24231 Bristol Ave. closed on 11/24/08 for $303,000 13053 Stockton Ave. closed on 11/03/08 for $315,000 24137 Newcastle St. closed on 2/24/09 for $320,000 The Kensington Club subdivision is located off of 127th St. just west of Rt. 59. The subdivision does have a $670 per year association fee that is paid annually that covers the neighborhood amenities such as the clubhouse, pool, and ponds.
The homes in Kensington Club were built between 2001 and 2004, and are … (0 comments)
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plainfield: Wesmere Subdivision Real Estate Closings | Plainfield Real Estate - 03/09/09 11:04 AM
The most recent home sale closings in the Wesmere Subdivision in Plainfield are: 1702 Whispering Oaks Dr. closed on 1/29/09 for $120,000 2121 Willow Lakes Dr. closed on 9/12/08 for $173,000 2049 Winding Lakes Dr. closed on 10/31/08 for $180,000 5808 Lake Pointe Dr. closed on 1/16/09 for $190,000 1905 Prairie Ridge Dr. closed on 2/20/09 for $203,000 2200 Brindlewood Dr. closed on 3/3/09 for $206,000 1881 Westmore Grove Dr. closed on 12/19/08 for $208,000 5310 Floralwood Ct. closed on 12/15/08 for $211,000 1907 Spring Ridge Dr. closed on 1/30/09 for $215,000 5208 Brindlewood Dr. closed on 9/25/08 for … (0 comments)
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plainfield: The Financial Crisis: How Did it Happen? | Plainfield Real Estate - 02/02/09 08:39 AM
The best explanation that I have seen to describe the financial crisis was sent to me in an e-mail back in September by my mom's significant other, Frank McNall. It would be funny if it weren't so true...
Here is everything you need to understand how the country earned itself a financial crisis.
Watch the:
The Subprime Primer Julie Ferenzi | Realtor® Plainfield Real Estate 630-673-6233
… (0 comments)
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plainfield: Illiniois Home Sales Down 21.2% Statewide in the 3rd Quarter of 2008 - 11/21/08 10:53 PM
In the news again is more real estate gloom and doom sprinkled, with a (small) silver lining… The Illinois Association of Realtors posted a 21.2% decrease in home sales statewide which includes single and attached family home sales. Total sales were reported as 31,451 compared to 39,904 for the same quarter in 2007. The median home price also dropped 8.2% from 207,000 in 2007 to 190,000 in 2008. In a the 3rd quarter report from the National Association of Realtors, 28 of the 152 metropolitan areas reported increases in median home sales for existing homes from 2007. 4 were unchanged … (0 comments)
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plainfield: Myth: I'll get the best deal on a Naperville or Plainfield house if I call the agent listed on the For Sale sign. - 07/14/08 04:37 PM
Leave a comment » Myth: You were out, driving through your favorite Naperville or Plainfield subdivision, and you came across a beautiful house for sale that really caught your eye. Youve passively been looking in Naperville and Plainfield for a few months, but havent been working with an Illinois real estate agent. Your house isnt listed yet so you dont have an agent of your own, and you really want to know more about the house so you grab your cell phone and call the agent on the sign. Besides, your co-worker told you that if you call the agent on … (0 comments)
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plainfield: What to do when a Plainfield home seller refuses your offer - 07/14/08 04:35 PM
You just found the perfect home in Plainfield, BUT the seller has refused your offer!
Dont worry, most offers are not accepted immediately. Its not uncommon for buyers and sellers to go back and forth two, three, even four or five times until an agreement is reached.
If after quite a few rounds of negotiation you are still both pretty far from where each side wants to be, all may not be lost. You used the closed comps that your Plainfield Realtor pulled off of the MLS to make your decision, and it just doesnt make sense to pay what … (0 comments)
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plainfield: Secrets of painless closings for Plainfield and Naperville Real Estate - 07/14/08 04:33 PM
There are a few secrets to getting to the closing table without the bumps, scrapes and bruises when buying or selling Plainfield or Naperville real estate.
For Plainfield and Naperville Buyers:
Make sure you have your finances in order. Disclose all pertinent financial information to your loan officer in a timely manner. Use an attorney and have their information available when you write a sales contract and then have them review it. Get a home inspection and make sure that any issues on the inspection are reviewed and addressed by your attorney. Keep tabs on the loan approval process. Make … (1 comments)
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plainfield: Top 10 things that you might be doing to prevent your Plainfield or Naperville home from selling - 07/14/08 04:31 PM
There are a lot of little things that keep many Plainfield and Naperville sellers from selling their home. Here is a list of the top 10 reasons your Plainfield or Naperville house might not be selling.
Testing the market by over-pricing the house. Over-pricing any home is always the kiss of death when it comes to real estate. Buyers are savvy these days and with such a high inventory of homes on the market they arent willing to spend the time trying to talk down a reluctant seller. Sticking around for showings. Buyers want to feel themselves in the … (0 comments)
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plainfield: 5 Things That Will Ruin Your Plainfield or Naperville Closing | Plainfield Real Estate - 07/14/08 04:26 PM
Nothing makes Plainfield and Napervile buyers and sellers more anxious than moving day. Not only does a move from one house to another have to be perfectly choreographed, there are also a few things that can keep the transaction from even happening.
Here are 5 things that can ruin your Plainfield or Naperville real estate closing.
If a buyer changes lenders midway through the approval process, there is a good chance their new financing will not be in place in time to close on the sale of your home. It does not happen often, but buyers have been known to change … (0 comments)
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plainfield: Plainfield and Naperville Home Seller Resource Guide - 07/14/08 04:24 PM
Selling a home in Plainfield or Naperville? Here's are some of the things that Plainfield and Naperville sellers can expect when selling a home in this market.
Choosing the right Painfield or Naperville Realtor to represent you in the sale of your home is critical to getting an offer. Interview your agent and ask questions like: What will you do to market my home? How many open houses will you do? What kind of advertising will you do? Do you attend your closings? Do you follow up with other Realtors who have shown our home? It's your agents job to get … (0 comments)
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plainfield: Plainfield and Naperville mortgage resource for home loans and refinancing | Plainfield Real Estate - 07/14/08 04:20 PM
For anyone looking to buy a house in Plainfield or Naperville, your new home search should always begin with talking to a mortgage professional.
After making the decision to purchase a new home, your Plainfield and Naperville mortgage professional will help you with all of your big questions such as:
How much can I afford to finance in my mortgage? How much money am I going to need for a down payment? How much will my payments be? What is an escrow account, and do I need one? What is the current interest rate? Will I have to pay PMI insurance … (1 comments)
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plainfield: How do I get pre-qualified to buy a home in the Chicago Suburbs? | Guest Blogger Chris Puleo - 07/14/08 04:17 PM
How do I get Pre-qualified to buy a home in the Chicago Suburbs? When you are first looking to buy a home it is important that you talk to an licensed Illinois mortgage specialist to see how much financing you can obtain. This saves you and your Realtor time in narrowing down the home search of any potential home you may consider purchasing. The market is ever changing, not only in terms of the real estate market, but for financing side as well. You must make sure that you talk to someone who has experience in all programs and has access … (1 comments)
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plainfield: White Eagle Market Report for May | Naperville Real Estate - 07/14/08 04:14 PM
If you are considering selling or purchasing a new home in White Eagle in Naperville, IL, you're probably wondering what is happening to property values in this upscale, luxury Naperville golf club community.
There are currently 37 active single family luxury homes available for sale ranging in price from $499,900 up to $1,350,00 with an average list price of $755,915. The average market time for these White Eagle luxury homes is about 117 days.
There are 9 active listings for attached single family homes available in White Eagle with an average list price of $326,478 and an average of 164 days … (0 comments)
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plainfield: White Eagle Subdivision | Naperville Real Estate - 07/14/08 04:12 PM
White Eagle of Naperville was established in 1989 and built around the 27 hole Arnold Palmer Signature Golf Course as a country club community. White Eagle is located just off of Rt. 59 and 87th Street across from the Stillwater Shopping Plaza, and spans 754 acres. White Eagle's amenities include an 8,000 sq ft. community clubhouse, a zero depth community pool, 8 lighted tennis courts, ponds, walking trails, park, and security. The striking and beautifully landscaped entrance and common areas are well groomed and maintained as part of the quarterly association fee of $225, which also includes use of all of … (0 comments)
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plainfield: What a Commitment Letter Means to Your Plainfield or Naperville Home Sale | Plainfield Real Estate - 07/14/08 04:10 PM
The first time my husband and I sold a house in Plainfield, we didn't have the first clue about real estate. We thought after we accepted an offer, it was a done deal, and we'd be seeing everyone again real soon at the closing table. Oh, how naive!
Unfortunately we found out about two weeks, and a houseful of boxes later... that our buyers did not receive the "commitment letter" from their lender.
I guess I should back up a bit first and tell you a little bit more about the commitment letter. It's basically a letter from the lender … (0 comments)
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Julie Ferenzi
Plainfield,
IL
More about me…
Real People Realty, Inc.
Address: Plainfield, IL, 60544
Office Phone: (630) 673-6233
Cell Phone: (630) 673-6233
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