Dana's Blog

Changing Home Sale Market in Chicago and Suburbs

Dana Hybl (REALTY EXECUTIVES Prestige) — Thu, 25 Jun 2009 17:56:08 -0500

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 after spending more than a year investigating industry appraisal practices. They govern only loans that will be sold to Fannie Mae and Freddie Mac, government-run mortgage companies that buy most of the nation's home loans, and not loans guaranteed by the FHA or VA.

One problem, real estate agents and mortgage brokers say, is that the management companies assign appraisers who don't know the area and lose experienced appraisers by taking a large percentage of the fees.

Another common complaint: appraisers value properties on the low end to appease lenders, which are scrutinizing appraisals now after suffering large loan losses in recent years

Appraisals are coming in very low right now. .. To make matters worse it's no longer OK for the lender's loan officer to actually talk to their own appraiser about the values of these properties. It's a knee jerk reaction to the mortgage meltdown. Whatever the appraiser says, goes... even if they don't have the foggiest notion of values in a given area.

So what is a person to do?

Request a second appraisal. This time around make sure to have recent sales from your Realtor to provide to the appraiser. Recent sales are preferably less than 120 days old from the closed date. Also, give the appraiser a list of property highlights and improvements.

Finally, let your voice be heard by calling your elected officials!

Need Recent SOLD comparables? Call or email us for the most recent data in your neighborhood. (for Chicago and surrounding Counties)

To search pre-foreclosure & foreclosures go to www.Hyblhometeam.com

If you are a 1st time homebuyer, ask us for a free package on the $8,000 Buyer Credit!

Want to know your property value? Call or email me...

Dana Hybl

REALTY EXECUTIVES Prestige

www.danahybl.com

danahybl@realtyexecutives.com

630-975-9001

Arlington Heights, IL Market Update for Single Family and Attached Homes

Dana Hybl (REALTY EXECUTIVES Prestige) — Wed, 10 Jun 2009 08:45:33 -0500

Did you know that homes ARE selling in Arlington Heights? As of June 10, 2009, 14% of the single family homes that are listed for sale in MRED (our area multiple listing service) are under contract! This has held steady since my last market statistic blog on May 5, 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 of June 10, 2009:

Property Type: Detached Single Area: Arlington Heights Months Back: 1 Month

	Total	Average LP	Average MT
Sold	39	$420,946	197
Active	426	$500,833	202
Under Contract	69	$403,256	186

	Max	Min	Average	Median
LP (534)	$1,895,000	$124,900	$480,518	$419,900
SP (39)	$950,000	$210,000	$395,305	$350,000

Currently, the average list price for single family homes in Arlington Heights is $480,518. The average list price for the homes currently under contract is $403,256. (LP refers to listing price and SP refers to selling price).

Now lets look at "attached single family properties" which includes condominiums and townhouses.

Property Type: Attached Single Area: Arlington Heights Months Back: 1 Month

	Total	Average LP	Average MT
Sold	19	$159,989	197
Active	429	$213,799	221
Under Contract	65	$179,887	262
	0	$0	0

	Max	Min	Average	Median
LP (513)	$799,900	$34,650	$207,509	$172,250
SP (19)	$300,000	$30,000	$149,186	$150,000

The attached homes range in list price from $34,650 to $799,900 with an average list price of $207,509. There are currently 13% of the attached homes that are under contract. This percentage has increased from 9% to 13% in the past 30 days! Nineteen properties closed in the past month. In the coming weeks, hopefully we'll see a significant increase in the amount of properties that have actually closed.

Look for another update on or about June 24th.

Please contact me directly if you have any questions on the above information.

Dana Hybl

REALTY EXECUTIVES Prestige

Direct: 630-975-9001

Offices in Arlington Heights and Bloomingdale, Servicing Chicago and the suburbs

web: www.dhybl.realtyexecutives.com

email: danahybl@realtyexecutives.com

Carol Stream Illinois Open House Extravaganza on June 14, 2009

Dana Hybl (REALTY EXECUTIVES Prestige) — Wed, 10 Jun 2009 08:22:24 -0500

Dozens of homes in Carol Stream are OPEN on Sunday, June 14, 2009 from 1 p.m. to 4 p.m.

Don't miss this 3 bedroom ranch in Cambridge Pointe!

652 Kingsbridge Open Sunday from 1-4 pm

Directions: County Farm Road south of Army Trail Road to Woodhill east to Kingsbridge

$225,000 More Photos and Info. at www.hyblhometeam.com

Contemporary 3 BR & 2 full bath Townhome with finished basement, cathdral ceilings, and beautiful decor walking distance to parks, C. S. Recreation Center & Pool, and Shopping at Heritage Plaza w/Jewel. Blockbuster & Other stores. Quality built Cambridge home with extra wide driveway, deck, all appliances, many updates, and 1 year Home Warranty. This townhome has the feel and size of a single family home!

*** For a List of Open Houses & Map email me at Hyblhometeam@gmail.com ***

If you are a 1st time homebuyer, ask us for a free package on the $8,000 Buyer Credit!

Want to know your property value? Call or email us...

Dana Hybl

Realty Executives Prestige

DanaHybl@RealtyExecutives.com

630-975-9001

Search 70,000 properties for sale in Chicago & the Suburbs at www.DanaHybl.com

Arlington Heights, IL Market Update for Single Family and Attached Homes

Dana Hybl (REALTY EXECUTIVES Prestige) — Tue, 05 May 2009 12:25:18 -0500

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 of May 5, 2009:

Property Type: Detached Single Area: Arlington Heights Months Back: 1 Month

	Total	Average LP	Average MT
Sold	19	$413,842	220
Active	390	$504,292	215
Under Contract	64	$421,199	218

	Max	Min	Average	Median
LP (473)	$1,895,000	$149,900	$489,416	$419,900
SP (19)	$597,500	$282,000	$392,052	$353,500

Currently, the median list price for single family homes in Arlington Heights is $419,900. The average list price for the homes currently under contract is $421,199. (LP refers to listing price and SP refers to selling price).

Now lets look at "attached single family properties" which includes condominiums and townhouses.

Property Type: Attached Single Area: Arlington Heights Months Back: 1 Month

	Total	Average LP	Average MT
Sold	19	$170,347	224
Active	443	$219,393	227
Under Contract	44	$196,229	208

	Max	Min	Average	Median
LP (506)	$849,000	$39,900	$215,537	$174,900
SP (19)	$500,000	$39,000	$149,815	$125,500

The attached homes range in list price from $39,900 to $849,000 with a median list price of $174,900. There are currently 9% of the attached homes that are under contract. This percentage has decreased slightly since April 23, 2009. Nineteen properties closed in the past month. In the coming weeks, hopefully we'll see a significant increase in the amount of properties that have actually closed.

Look for another update on or about May 19th.

Please contact me directly if you have any questions on the above information.

Dana Hybl

REALTY EXECUTIVES Prestige

Direct: 630-975-9001

Offices in Arlington Heights and Bloomingdale, Servicing Chicago and the suburbs

web: www.dhybl.realtyexecutives.com

email: danahybl@realtyexecutives.com

Just Listed! 3S280 Blackthorn Ln in Warrenville, IL

Dana Hybl (REALTY EXECUTIVES Prestige) — Tue, 05 May 2009 11:01:14 -0500

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 but it will be well worth the investment! Convenient location close to the tollway, shopping areas, and forest preserve.

Contact me for more information or to schedule a private showing of this spectacular home!

Dana Hybl

REALTY EXECUTIVES Prestige

Offices in Arlington Heights and Bloomingdale, Servicing Chicago and Suburbs

Check out my website at: www.dhybl.realtyexecutivessuburban.com

Email: danahybl@realtyexecutives.com

New Price for Del Webb Edgewater Ranch at 2648 Venetian Lane, Elgin, IL

Dana Hybl (REALTY EXECUTIVES Prestige) — Mon, 04 May 2009 15:41:19 -0500

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 to everyday conveniences and shopping along Randall Road.

Edgewater features a 24,000 square foot clubhouse with an indoor pool, spa, fitness center, billiard room, aerobics studio, library, hobby rooms and meeting rooms. Outside, residents can enjoy an outdoor pool, two tennis courts, bocce ball courts, and a series of walking and biking trails. Edgewater is quickly establishing charter clubs and interest groups. Residents of Edgewater will find they can join any of the nearly two-dozen (and growing) clubs in the community.

2648 Venetian Lane - This almost NEW, never lived in ranch features many upgrades including a Garden Room, master bedroom with luxury bath and walk-in closet, fully applianced kitchen with 42" oak cabinets and crown moldings, high efficiency furnace, central air, ceiling fans in all bedrooms, custom window treatments, bay window, beautiful brick front, inground lawn sprinkler system, premium lot with open area in front and back of home, and so much more! Priced at $270,000.

Contact me for more information or to schedule a private showing of this spectacular home!

Dana Hybl

REALTY EXECUTIVES Prestige

Offices in Arlington Heights and Bloomingdale, Servicing Chicago and Suburbs

Check out my website at: www.dhybl.realtyexecutivessuburban.com

Email: danahybl@realtyexecutives.com

Good News in Chicago and Arlington Heights area Real Estate!

Dana Hybl (REALTY EXECUTIVES Prestige) — Wed, 29 Apr 2009 08:03:29 -0500

Have you heard the good news in real estate?

* $8,000 tax credit for home buyers!

* Lowest interest rates in memory!

* The National Association of Realtors (NAR) affordability index is at it's highest in history!

* Homepath Lending program for Fannie Mae properties! Qualify for a loan with as little as 3% down for owner occupied properties or 10% down for an investent properties!

* Bank of America Buyer's Protection Plan! Lose your job or become hospitalized and your mortgage can be paid for up to 12 months!

* New home sales skyrocketed in February!

* Home prices increased in January/February in 22 of 25 cities Nationwide!

For more information, contact me today!

Dana Hybl

REALTY EXECUTIVES Prestige

(630) 975-9001

www.DanaHybl.com

Don't Miss It! First Time Home Buyer Tax Credit up to $8,000!

Dana Hybl (REALTY EXECUTIVES Prestige) — Thu, 23 Apr 2009 08:05:50 -0500

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 considered a first time homebuyer!

Take advantage of the many available incentive programs including the tax credit that offers a maximum credit of $8,000. But hurry! This credit expires December 1, 2009! Also, unlike last year's tax credit, the 2009 program doesn't have to be repaid!

For more information about the available first time homebuyer incentive programs, please give me a call!

Dana Hybl

REALTY EXECUTIVES Prestige

(630) 975-9001

Offices in Arlington Heights and Bloomingdale, Servicing Chicago and Suburbs

danahybl@realtyexecutives.com

Arlington Heights Real Estate Market Update

Dana Hybl (REALTY EXECUTIVES Prestige) — Thu, 23 Apr 2009 08:00:18 -0500

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 of April 23, 2009:

Property Type: Detached Single Area: Arlington Heights Months Back: 1 Month

	Total	Average LP	Average MT
Sold	21	$411,326	223
Active	393	$505,918	221
Under Contract	59	$428,366	228

	Max	Min	Average	Median
LP (473)	$1,895,000	$149,900	$492,045	$419,900
SP (21)	$825,000	$185,000	$383,309	$340,000

Currently, the median list price for single family homes in Arlington Heights is $419,900. The average list price for the homes currently under contract is $482,366.

Now lets look at "attached single family properties" which includes condominiums and townhouses.

Property Type: Attached Single Area: Arlington Heights Months Back: 1 Month

	Total	Average LP	Average MT
Sold	19	$221,257	197
Active	431	$221,520	225
Under Contract	50	$175,936	220

	Max	Min	Average	Median
LP (500)	$849,000	$39,000	$216,952	$174,900
SP (19)	$500,000	$75,000	$196,202	$190,000

The attached homes range in list price from $39,000 to $849,000 with a median list price of $174,900. There are currently 10.4% of the attached homes that are under contract. This percentage has increased by 18% in the past three weeks. Nineteen properties closed in the past month. In the coming weeks, hopefully we'll see a significant increase in the amount of properties that have actually closed.

Look for another update on or about May 12th.

Please contact me directly if you have any questions on the above information.

Dana Hybl

REALTY EXECUTIVES Prestige

Direct: 630-975-9001

Offices in Arlington Heights and Bloomingdale, Servicing Chicago and the suburbs

danahybl@realtyexecutives.com

Arlington Heights Real Estate Market Update

Dana Hybl (REALTY EXECUTIVES Prestige) — Mon, 30 Mar 2009 09:42:17 -0500

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 as of March 30, 2009:

Property Type: Detached Single Area: Arlington Heights Months Back: 1 Month

	Total	Average LP	Average MT
Sold	16	$380,981	216
Active	382	$512,836	230
Under Contract	49	$400,635	230

	Max	Min	Average	Median
LP (447)	$1,895,000	$184,900	$495,817	$420,000
SP (16)	$657,995	$219,000	$358,999	$360,500

Currently, the median list price for single family homes in Arlington Heights is $420,000. The average list price for the homes currently under contract is $400,635.

Now lets look at "attached single family properties" which includes condominiums and townhouses.

Property Type: Attached Single Area: Arlington Heights Months Back: 1 Month

	Total	Average LP	Average MT
Sold	13	$179,938	221
Active	426	$214,303	231
Under Contract	41	$197,229	204

	Max	Min	Average	Median
LP (480)	$849,000	$39,000	$211,914	$174,350
SP (13)	$255,000	$55,000	$165,750	$165,000

The attached homes range in list price from $39,000 to $849,000 with a median list price of $174,350. There are currently 8.8% of the attached homes that are under contract. This percentage has increased by 33% in the past two weeks. Thirteen properties closed in the past month. In the coming weeks, hopefully we'll see a significant increase in the amount of properties that have actually closed.

Look for another update on or about April 8th.

Please contact me directly if you have any questions on the above information.

Dana Hybl

REALTY EXECUTIVES Prestige

Direct: 630-975-9001

Offices in Arlington Heights and Bloomingdale, Servicing Chicago and the suburbs

danahybl@realtyexecutives.com

Open House Sunday March 29th 2-5pm Ranch Townhome with Basement in Carol Stream

Dana Hybl (REALTY EXECUTIVES Prestige) — Fri, 27 Mar 2009 21:18:33 -0500

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

Finished Basement Deck

Contact me for more information about this exceptional home or to schedule a private showing!

Dana Hybl

(630) 975-9001

REALTY EXECUTIVES Prestige

Offices in Arlington Heights and Bloomingdale, servicing Chicago and the suburbs

danahybl@realtyexecutives.com

Open House Sunday March 29th 2pm to 5pm in Carol Stream

Dana Hybl (REALTY EXECUTIVES Prestige) — Mon, 23 Mar 2009 09:08:54 -0500

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 custom wood work!

New Price! $385,000 Finished Basement with Custom Bar

Contact me for more information about this exceptional home or to schedule a private showing!

Dana Hybl

(630) 975-9001

REALTY EXECUTIVES Prestige

Offices in Arlington Heights and Bloomingdale, servicing Chicago and the suburbs

danahybl@realtyexecutives.com

Arlington Heights Real Estate Market Update

Dana Hybl (REALTY EXECUTIVES Prestige) — Sun, 15 Mar 2009 14:55:15 -0500

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 Month

	Total	Average LP	Average MT
Sold	16	$384,718	257
Active	376	$518,258	231
Under Contract	41	$396,930	222

	Max	Min	Average	Median
LP (433)	$1,895,000	$144,900	$501,835	$424,900
SP (16)	$657,995	$144,900	$361,868	$372,500

Currently, the median list price for single family homes in Arlington Heights is $424,900. The average list price for the homes currently under contract is $396,930.

Now lets look at "attached single family properties" which includes condominiums and townhouses.

Property Type: Attached Single Area: Arlington Heights Months Back: 1 Month

	Total	Average LP	Average MT
Sold	6	$144,850	203
Active	413	$217,035	230
Under Contract	29	$212,262	207

	Max	Min	Average	Median
LP (448)	$849,000	$39,000	$215,759	$175,000
SP (6)	$212,750	$55,000	$136,791	$142,500

The attached homes range in list price from $39,000 to $849,000 with a median list price of $175,000. There are currently 6.6% of the single family homes that under contract. This percentage has decreased slightly in the past two weeks. Only six properties closed in the past month. In the coming weeks, hopefully we'll see a significant increase in the amount of properties that have actually closed.

Look for another update on or about March 25th.

Please contact me directly if you have any questions on the above information.

Dana Hybl

REALTY EXECUTIVES Prestige

Direct: 630-975-9001

Offices in Arlington Heights and Bloomingdale, Servicing Chicago and the suburbs

danahybl@realtyexecutives.com

Arlington Heights Real Estate Market Update

Dana Hybl (REALTY EXECUTIVES Prestige) — Thu, 05 Mar 2009 12:48:51 -0600

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 Month

	Total	Average LP	Average MT
Sold	12	$342,491	255
Active	366	$521,571	237
Under Contract	38	$401,440	224

	Max	Min	Average	Median
LP (416)	$1,895,000	$144,900	$505,432	$425,000
SP (12)	$520,000	$144,900	$323,616	$305,000

Currently, the median list price for single family homes in Arlington Heights is $425,000. The average list price for the homes currently under contract is $401,440.

Now lets look at "attached single family properties" which includes condominiums and townhouses.

Property Type: Attached Single Area: Arlington Heights Months Back: 1 Month

	Total	Average LP	Average MT
Sold	4	$153,175	119
Active	412	$216,352	229
Under Contract	31	$219,067	217
Other	0	$0	0

	Max	Min	Average	Median
LP (447)	$849,000	$49,000	$215,975	$175,000
SP (4)	$205,000	$55,000	$141,250	$152,500

The attached homes range in list price from $49,000 to $849,000 with a median list price of $175,000. There are currently 7.0% of the single family homes that under contract. This percentage has increased in the past two weeks. Only four properties closed in the past month. In the coming weeks, hopefully we'll see a significant increase in the amount of properties that have actually closed.

Look for another update on or about March 12th.

Please contact me directly if you have any questions on the above information.

Dana Hybl

REALTY EXECUTIVES Prestige

Direct: 630-975-9001

Offices in Arlington Heights and Bloomingdale, Servicing Chicago and the suburbs

danahybl@realtyexecutives.com

Financial Incentives for First Time Homebuyer's

Dana Hybl (REALTY EXECUTIVES Prestige) — Tue, 03 Mar 2009 15:21:36 -0600

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.

Take advantage of the many available incentive programs including the tax credit that offers a maximum credit of $8,000. But hurry! This credit expires December 1, 2009!

For more information about the available first time homebuyer incentive programs, please give me a call!

Dana Hybl

REALTY EXECUTIVES Prestige

(630) 975-9001

Offices in Arlington Heights and Bloomingdale, Servicing Chicago and Suburbs

danahybl@realtyexecutives.com

New Price for Schaumburg ranch!

Dana Hybl (REALTY EXECUTIVES Prestige) — Tue, 03 Mar 2009 14:05:27 -0600

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 information or to schedule a showing for this exceptional home!

Dana Hybl

REALTY EXECUTIVES Prestige

Offices in Arlington Heights and Bloomingdale, servicing Chicago and the suburbs

danahybl@realtyexecutives.com

Arlington Heights Real Estate Market Update

Dana Hybl (REALTY EXECUTIVES Prestige) — Wed, 25 Feb 2009 10:58:03 -0600

Did you know that homes ARE selling in Arlington Heights? As of February 25, 2009, 9% of the single family homes that are listed for sale in MRED (our area multiple listing service) are under contract! That is still a relatively low number compared to during the booming real estate market but it does mean that there are buyers out there! However, there has been no change in the total number of listings currently for sale or the total number of listings that are under contract since my last update on February 19, 2009. There were some properties that did close last week as well as some new properties that came on the market. Fortunately, these properties offset each other so the inventory in Arlington Heights for single family homes has stayed the same.

Here are the rest of the market statistics as of February 25, 2009:

Property Type: Detached Single Status: Active, Back on Market, Contingent, New, Price Change, Re-activated, Pending Area: Arlington Heights

	Total	Average LP	Average MT

Active	360	$522,398	240
Under Contract	36	$399,629	221

	Max	Min	Average	Median
LP (396)	$1,895,000	$184,900	$511,237	$429,950

As you can see, the lowest current list price for a single family home in Arlington Heights is $184,900 and the highest list price is $1,895,000. The average list price for the homes currently under contract is $399,629.

Now lets look at "attached single family properties" which includes condominiums and townhouses.

Property Type: Attached Single Status: Active, Back on Market, Contingent, New, Price Change, Re-activated, Pending Area: Arlington Heights

	Total	Average LP	Average MT

Active	405	$217,556	232
Under Contract	29	$202,968	198

	Max	Min	Average	Median
LP (434)	$849,000	$49,000	$216,581	$175,000

The attached homes range in list price from $49,000 to $849,000 with an average list price of $216,581. There are currently 6.7% of these homes under contract (which is less than the percentage of single family homes that are under contract).

Look for another update on or about February 26th.

Please contact me directly if you have any questions on the above information.

Dana Hybl

REALTY EXECUTIVES Prestige

Offices in Arlington Heights and Bloomingdale, Servicing Chicago and the suburbs

danahybl@realtyexecutives.com

What You Should Know About the First-Time Home Buyer Tax Credit

Dana Hybl (REALTY EXECUTIVES Prestige) — Tue, 24 Feb 2009 22:49:27 -0600

The American Recovery and Reinvestment Act of 2009 features an $8,000 tax credit for first-time buyers who purchase a home on or after Jan. 1, 2009 and before Dec. 1, 2009.

Highlights of the tax credit include:

* The temporary tax credit is only available for home purchases made from January 1, 2009 to December 1, 2009 and is equal to 10 percent of the cost of the home, up to a maximum credit of $8,000.

* Buyers can claim the credit on their federal tax return to reduce their tax liability. If the credit is more than their total tax liability that year, the buyer will get a refund check for the balance.

* Only first-time homebuyers can take advantage of this tax credit. A first-time homebuyer is defined under the tax credit as an individual who has not owned a home in the last three years. For married homebuyers filing jointly, both individuals must meet the first-time homebuyer test to take the tax credit.

* Eligible properties include anything that will be used as a principal single-family residence. This includes condominiums and townhomes.

* The tax credit does have income guidelines. Individuals with an adjusted gross income up to $75,000 (or $150,000 if filing jointly) are eligible for the full tax credit. The credit is phased down for those earning more than the income limits. The tax credit is not available for those with an income above $95,000 (or $170,000 if filing jointly).

* The new tax credit does not have to be repaid if the buyer remains in the home for at least three years. If the home is sold before that time, the entire amount of the credit is recaptured on the sale.

* Individuals that purchased homes under the 2008 $7,500 tax credit program will still be required to repay that credit to the government over a 15-year period.

Consult with a REALTOR® or tax advisor and visit www.YourIllinoisHome.com to learn more about the tax credit and state and federal loan programs.

Dana Hybl

REALTY EXECUTIVES Prestige

Offices in Arlington Heights and Bloomingdale, Servicing Chicago and Suburbs

danahybl@realtyexecutives.com

Open House Sunday February 22nd from 2 to 5 at Del Webb's Edgewater community in Elgin

Dana Hybl (REALTY EXECUTIVES Prestige) — Thu, 19 Feb 2009 11:33:32 -0600

2648 Venetian Lane in Elgin

Directions: Randall Road to Bowes west to entry to Edgewater community north to Venetian right

Contact me for more information or to schedule a private showing of this spectacular home!

Dana Hybl

REALTY EXECUTIVES Prestige

Offices in Arlington Heights and Bloomingdale, Servicing Chicago and Suburbs

danahybl@realtyexecutives.com

Cambridge Pointe 2-story home in Carol Stream with Finished Basement

Dana Hybl (REALTY EXECUTIVES Prestige) — Thu, 19 Feb 2009 10:08:33 -0600

Finished Basement with Custom Bar!

Contact me for more information about this exceptional home!

Dana Hybl

REALTY EXECUTIVES Prestige

Offices in Arlington Heights and Bloomingdale, servicing Chicago and the suburbs

danahybl@realtyexecutives.com

Spectacular Ranch with Family Room Addition in Schaumburg

Dana Hybl (REALTY EXECUTIVES Prestige) — Thu, 19 Feb 2009 09:52:03 -0600

Contact me for more information about this exceptional home!

Dana Hybl

REALTY EXECUTIVES Prestige

Offices in Arlington Heights and Bloomingdale, servicing Chicago and the suburbs

danahybl@realtyexecutives.com

Arlington Heights Real Estate Market Update

Dana Hybl (REALTY EXECUTIVES Prestige) — Thu, 19 Feb 2009 09:14:42 -0600

Did you know that homes ARE selling in Arlington Heights? As of February 19, 2009, 9% of the single family homes that are listed for sale in MRED (our area multiple listing service) are under contract! That is still a relatively low number compared to during the booming real estate market but it does mean that there are buyers out there!

Here are the rest of the market statistics as of February 19, 2009:

Property Type: Detached Single Status: Active, Back on Market, Contingent, New, Price Change, Re-activated, Pending Area: Arlington Heights

	Total	Average LP	Average MT

Active	360	$522,161	237
Under Contract	36	$396,434	228

	Max	Min	Average	Median
LP (396)	$1,895,000	$194,900	$510,731	$429,950

As you can see, the lowest current list price for a single family home in Arlington Heights is $194,900 and the highest list price is $1,895,000. The average list price for the homes currently under contract is $396,434.

Now lets look at "attached single family properties" which includes condominiums and townhouses.

Property Type: Attached Single Status: Active, Back on Market, Contingent, New, Price Change, Re-activated, Pending Area: Arlington Heights

	Total	Average LP	Average MT

Active	399	$218,405	234
Under Contract	26	$208,673	204

	Max	Min	Average	Median
LP (425)	$849,000	$48,000	$217,810	$177,500

The attached homes range in list price from $48,000 to $849,000 with an average list price of $218,405. There are currently 6% of these homes under contract (which is less than the percentage of single family homes that are under contract).

Since the economic stimulus bill was just signed this week, it will be interesting to see how these statistics change in the coming weeks. Look for another update on or about February 26th.

Please contact me directly if you have any questions on the above information.

Dana Hybl

REALTY EXECUTIVES Prestige

Offices in Arlington Heights and Bloomingdale, Servicing Chicago and the suburbs

danahybl@realtyexecutives.com

First-time Homebuyer Tax Credit

Dana Hybl (REALTY EXECUTIVES Prestige) — Mon, 25 Aug 2008 22:54:47 -0500

You might be eligible for a tax credit if you are a first-time homebuyer!

The Housing and Economic Recovery Act of 2008 (H.R. 3221) was signed by the President on July 30, 2008.

But what does this mean for you, the homebuyer? In general, a $7,500 tax credit is available for any qualified purchase between April 9, 2008, and June 30, 2009. The credit is repayable over 15 years (making it, in effect, an interest free loan).

Here are the specifics:

Amount of Credit - Ten percent of the cost of home, not to exceed $7,500.
Eligible Property - Any single-family residence (including condos and co-ops) that will be used as a principal residence.
Income Limit - Full amount of credit available for individuals with adjusted gross income of no more than $75,000 ($150,000 on a joint return). Phases out above those caps ($95,000 and $170,000, respectively).
First -time Homebuyer Only - Purchaser (and purchaser's spouse) may not have owned a principal residence in 3 years previous to purchase.
Recapture - Portion (6.67 % of credit) to be repaid each year for 15 years. If home sold before 15 years, then remainder of credit recaptured on sale.
Effective Dates - Applies to purchases on or after April 9, 2008, and prior to July 30, 2009.

Contact a tax advisor for specifics on how this credit might work for you. Now IS the time to buy!

Dana Hybl

REALTY EXECUTIVES Prestige

Offices in Arlington Heights & Bloomingdale - serving Chicago and surrounding suburbs

Buyer Specialist

DanaHybl@RealtyExecutives.com

Bartlett home with Greenhouse Addition!

Dana Hybl (REALTY EXECUTIVES Prestige) — Tue, 12 Aug 2008 05:16:55 -0500

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, waterfall, tropical foliage and multiple sky lights for natural heat. There's even an underwater view of the pond from the family room. The pond has many varieties of fish and turtles. Additional windows in the family room bring the outdoors in all year round! This amazing greenhouse is also surprisingly simple to maintain.

Exterior features include an oversized fenced lot, brick patio, new vinyl siding, 2 car heated garage, and oversized driveway for extra parking.

This spectacular Bartlett home is priced at $274,000. For more information including photos, please go to www.HyblHomeTeam.com

Dana Hybl

REALTY EXECUTIVES Prestige

Offices in Arlington Heights & Bloomingdale - serving Chicago and surrounding suburbs

Buyer Specialist

DanaHybl@RealtyExecutives.com

Short Sales

Dana Hybl (REALTY EXECUTIVES Prestige) — Mon, 04 Aug 2008 08:44:05 -0500

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 the loan for less than what he owes.

So how can a buyer use a "short sale" to their benefit? If you aren't in a hurry to purchase a home, or perhaps you would like to purchase a home for an investment property, a short sale could save you money. In general, it is possible to purchase a home that is in a short sale situation for less than the current market value. One thing to keep in mind is that a short sale deal is a very time consuming process. Sometimes it takes weeks or even months to get a response from the lender whether to accept your initial offer.

Contact me for more information on available short sale properties in the Chicago area.

Dana Hybl

REALTY EXECUTIVES Prestige

Offices in Arlington Heights & Bloomingdale - serving Chicago and surrounding suburbs

Buyer Specialist

DanaHybl@RealtyExecutives.com