naperville real estate: Comparison of July and October Naperville Real Estate Stats - 11/03/08 09:22 PM
Naperville Single Family Stats Compared-July and October, 2008
ACTIVE LISTINGS
October, 2008
# Units Avg. MT Avg. List Price
1016 237 $714,068
ACTIVE LISTINGS
July, 2008
# Units Avg. MT Avg. List Price
1356 191 $680,191
From the above charts we can notice several things.
1) … (1 comments)
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naperville real estate: Buyer Wins Big - 09/27/08 04:49 PM
I thought that I'd share my latest experience with a relocating buyer.
We've been working together since April. They knew that they wanted Naperville but just weren't too sure on which sub-division. The decision was made by their son's after-school sports events. They decided that they wanted to be close to … (7 comments)
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naperville real estate: Seller Advice - 08/20/08 01:25 PM
Yesterday I was out "on tour." That's where listings are available for agents to see without an appointment.
And, I noticed the following at one of the listings:
1) the lawn was brown and weedy
2) the cement pad at the front door was severely cracked and coming apart
3) there … (1 comments)
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naperville real estate: Real Estate Trends for 2009 - 08/16/08 06:00 PM
What I see as key real estate trends for 2009
1) Social
A) Increasing numbers of SENIORS. Many will keep on working past their "normal" retirement age as they've lost money in the stock market in the past 8 years.
B) Pent-up demand from first-time buyers as they establish new households.
… (0 comments)
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naperville real estate: Reverse Mortgages for Seniors over 62 - 08/06/08 03:00 PM
The new "housing" bill has a few interesting things to say about Reverse Mortgages.
These are "mortgages" where the lender pays you while you stay in the house. For many people that's the only way that they can maintain their property as living on a fixed income (social security and perhaps … (1 comments)
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naperville real estate: Questions to ask your real estate agent - 08/02/08 03:29 PM
Here are some questions that you as a consumer might want to ask the agent that you hire to represent you.
1) How long have you been in the business? I started in real estate back in the pre-historic days. 1976 to be exact. Took a full year of business courses … (1 comments)
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naperville real estate: My 2008 Real Estate Predictions-Revisited and Revised August 1, 2008 - 08/01/08 09:55 AM
My 2008 Real Estate Predictions-Revisited and Revised August 1, 2008
It's hard to write a blog that contains downbeat news. 2007 was just awful for real estate. And, 2008, I believe, will even be worse. Wow! How true.
This housing depression is almost as bad as the depression in the … (9 comments)
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naperville real estate: Failing Banks and Survival - 07/14/08 11:46 AM
Don't you wanta know who has the lousy IndyMac foreclosure loans? I do.
I'm betting that a lot of foreclosure homes will be put into a "waiting" period...and that the owners or squatters (seems like lots of vacant homes in Florida and Ca) will have a much longer "free" period.
Now, … (4 comments)
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naperville real estate: Poorly Designed Town homes - 06/29/08 12:57 PM
I worked with a townhouse buyer last week...she's over 50...but not a senior.
And as we viewed several properties I wondered about the "new" fashion in town homes in our area. In the past three years builders have been putting up townhomes which are above the garage.
This means that you … (4 comments)
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naperville real estate: Countrywide is sued in Illinois - 06/25/08 11:07 AM
Go Lisa!
Our Illinois Atty. Gen. Lisa Madigan is filing a lawsuit today against Countrywide Financial Corp.
Madigan claims that the lender engaged in “unfair and deceptive” practices which enticed people to get those risky, adjustable mortgages back in the good old days of 2002 to 2006. You know, the mortgages … (6 comments)
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naperville real estate: A true Rental Story - 06/25/08 09:53 AM
As many of you know, or are finding out, rentals have become a big part of our business.
So, after doing all the work of finding a rental home for your clients; taking them thru the credit part; collecting certified funds and doing a final walk thru of the property...when do … (9 comments)
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naperville real estate: Telephone Scams - 06/03/08 10:25 PM
I have been receiving calls and messages on my cell phone number. It was put on the do not call list long ago.
These callers/companies are making illegal calls and illegal offers. How do I know? Google is my friend.
Whenever I receive a toll-free number or one that I'm not … (6 comments)
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naperville real estate: Eileen's Naperville Single Family Stats for May, 2008 - 05/29/08 03:12 PM
Eileen's Naperville Single Family Stats for May, 2008
Once again the Case-Shiller monthly report shows that prices are down nationwide by as much as 20 percent in some markets, and inventory is up even more.
Currently we see the following market statistics:
ACTIVE NAPERVILLE SINGLE FAMILY LISTINGS
Bedrooms #Active Avg LP … (0 comments)
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naperville real estate: A True Story - 05/13/08 03:21 PM
You have priced your home to perfection. You have banished all the extraneous "junk." You have hired a stager so that your home shows like a model.
You have had broker tours and Open Houses.
Now, you have an acceptable offer. You've signed the papers. The appraiser has been thru the … (7 comments)
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naperville real estate: Some Rental Observations - 04/29/08 09:54 AM
As so many of my clients are planning on renting I'd thought I'd share some observations.
The rental price of a property may have nothing to do with its selling price. Generally, we were told that to find the rental price of a property, you took 75% of 1% of the selling … (2 comments)
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naperville real estate: Naperville’s Single Family Stats for April, 2008 - 04/29/08 09:30 AM
Eileen's Naperville Single Family Stats for April, 2008 Once again the Case-Shiller monthly report shows that prices are down nationwide by as much as 13 percent in some markets, and inventory is up. In fact, according to a report yesterday, the U.S. has never had as many vacant homes as … (0 comments)
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naperville real estate: More Freight Trains through Naperville - 04/22/08 09:39 AM
Canadian National Railway is trying to acquire the EJ&E railroad tracks for $300 million.
I hope that they're stopped. Why?
Because they would increase the number of freight trains going through Naperville and DuPage county horrifically. The old EJ&E tracks for the most part are at ground level. When a freight train with … (0 comments)
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naperville real estate: Are you Green? - 04/21/08 12:08 PM
Tomorrow, April 22nd, we will celebrate Earth Day.
And, I'm wondering what you're doing to "save" the planet.
Here are some of my eco-choices:
I purchased five hunter green reusable shopping bags at our local Jewel grocery store. I keep them in the car and I use them! I refuse all plastic bags … (0 comments)
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naperville real estate: Becoming a Rental Agent - 04/15/08 09:52 AM
This market really brings back memories of the early 1980's.
Yesterday, I talked to a client from Michigan who has decided to rent a house in Naperville for the next year. That was in the morning. In the afternoon, I received a referral from a Florida agent. Again, his client wanted to … (4 comments)
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naperville real estate: Modern Definition of Chutzpah - 04/10/08 05:44 PM
Here's the old definition: A young man kills his parents, then asks the judge for mercy because he's now an orphan.
And, here's the new definition: A builder sues the bank that gave them money to operate. Their rationale: The bank should have known that the builder was overdrawing its line of … (1 comments)
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