schaumburg homes: Schools: A home buyers top priority!
- 08/02/13 12:42 AM
Survey gives results on important School Decisions
A recent survey by Realtor.com® found that 3 out of 5 home buyers surveyed said school boundaries will impact their home purchasing decision.
Key Survey Findings:
A majority of home buyers who said school boundaries will have an impact are willing to pay 1 percent to 10 percent above budget to live within school boundaries:
• 23.59 percent would pay 1 percent to 5 percent above budget
• 20.70 percent would pay 6 percent to 10 percent above budget
• 8.98 percent would pay 11 percent to 20 percent above budget
• 40.33 percent would not go … (8 comments)
|
schaumburg homes: Schaumburg Homes - What's the real estate market doing?
- 07/17/13 08:56 AM
People always ask me “How many homes are selling? Is the market getting better?" Well that seems to make a difference is what area or subdivision you live in. It’s really not an evasive answer. Each area and subdivision is totally different! Here’s what I can tell you about the overall Schaumburg market –
Single Family Homes - Schaumburg averages 46 home sales a month. Inventory is down substantially. The percentage of homes going under contract each month is 22 to 27%. Average Sold Price was $291,666 for the 2nd quarter of 2013.
Multi-Family Homes - Schaumburg averages 85 sales per month. Inventory … (2 comments)
|
schaumburg homes: Schaumburg Homes - What's available for sale?
- 05/22/13 06:34 AM
People always ask me “Lyn, how many homes are selling?” Well, that seems to make a difference is what area or subdivision you live in. It’s really not an evasive answer. Each area and subdivision is totally different! Each housing type is different too.
Here’s what I can tell you about the overall Schaumburg real estate market:
Single Family Homes - Schaumburg averages 24 home sales a month. Inventory is down substantially from previous years. The percentage of homes going under contract each month is 20 to 24%. Average Sold Price was $258,938 for the 1st quarter of 2013.
Multi-Family Homes - Schaumburg … (4 comments)
|
schaumburg homes: What makes a good neighborhood?
- 05/07/13 12:14 AM
What makes a good neighborhood?
These are the most common factors of home buyers on deciding what area to purchase a home. Obviously, having children plays a large role in housing selection because of schooling and convenience to those schools.
1) Overall quality of the neighborhood
2) Convenient to job
3) Overall affordability of homes
4) Convenient to friends/family
5) Design of neighborhood
6) Convenient to shopping
7) Quality of the school district (this becomes the #2 point for buyers with children)
8) Convenient to schools (this becomes the #3 point for buyers with children)
9) Convenient to entertainment/leisure … (8 comments)
|
schaumburg homes: Schaumburg Home Buyers - 3% Down Conventional Financing Program
- 04/16/13 12:57 AM
For Schaumburg Home buyers this is good news and another alternative to FHA which has raised it's fees recently. Another value based option when thinking of purchasing a home in our Schaumburg area.
You want to work with a lender, like Gene Mundt, that can offer differing financing programs rather than just one product that they try to ram down your throat. Most lenders will not tell you what programs they don't offer!
Again, in your home purchase, you want to work with a knowledgeable lender that can offer many programs.
Once Again an Option for Home Buyers:
3% … (0 comments)
|
schaumburg homes: Schaumburg Homes - What are sales prices doing?
- 02/05/13 01:29 AM
Schaumburg IL Real Estate - Are prices increasing?
Schaumburg homes are selling at a better pace and at better prices. Based on the monthly numbers that I will show you, our housing prices in IL are flat in spite of the media reports to the contrary.
Schaumburg home prices have increased over 2011 levels but that is because nothing was really selling well! We have an overall better mix of lower priced and upper priced homes elevating that average price.
Looking to put your home on the market soon? All real estate is local, so you need a price analysis based on … (1 comments)
|
schaumburg homes: Schaumburg Homes - What types of financing was used?
- 01/30/13 04:24 AM
Schaumburg IL Homes - What types of financing was used? Why would the way buyers finance a home matter?
In today's market, all types of finance offerings are important. Giving buyers the most selections, or ways, to get in that new home is important to both sides of the sales equation.
When you go to Macy's they let you decide as a buyer what type of financing (cash, AMEX, MC or Visa?) you would want to purchase that new pair of shoes right? Same is true with housing. Giving buyers a variety of ways to get the financing done is the best as … (6 comments)
|
schaumburg homes: Schaumburg Homes - What happened in 2012?
- 01/23/13 07:29 AM
Schaumburg Homes - Virtual Market Presentation for 2012
So how did the Schaumburg IL Real Estate Market fare last year? My presentation gives lots of interesting facts in regard to your Schaumburg Home.
My educational and visually fun objective was:
How many homes sold in 2012? What was the average sales price? What is the inventory level? What price range sells the most? How long does it take to sell? What type of financing do buyers use? Are there many foreclosures?
A few market anomalies that I've seen from doing this report:
Is spring actually the best time to sell? Not by the looks of that one … (2 comments)
|
schaumburg homes: Is Spring always the best time to sell your Schaumburg Home?
- 01/22/13 05:46 AM
Is Spring always the best time to sell your Schaumburg home?
There are always many variables that make up a successful Schaumburg closing. People are often told or have heard in the past that the spring market is always the best time to sell.
But is it really?
Let's look at an important chart that gives you when buyers have decided to jump in the market to purchase a home. Is it really when you think?
Many important factors can play out here including interest rate increases, time of year, snow fall, school starting and other personal variables. Since we have been blessed with steady and low … (5 comments)
|
schaumburg homes: Schaumburg IL Real Estate - Are prices increasing?
- 12/21/12 02:58 AM
Schaumburg IL Real Estate - Are prices increasing?Schaumburg homes are selling at a better pace and at better prices. Based on the monthly numbers that I will show you, our housing prices in IL are flat in spite of the media reports to the contrary. November definitely has had a 7.7% price increase over November of 2011. Simply put, it could just mean that more higher priced homes have sold this month pulling up the average of all housing prices.Looking to put your home on the market soon? All real estate is local, so you need a price analysis based on your location, … (1 comments)
|
schaumburg homes: Schaumburg IL Community Info - a great place to live!
- 12/16/12 05:14 AM
Recognized as the largest center of economic development in the State of Illinois (outside the City of Chicago), without question, Schaumburg is the "place for business." More than 12.1 million sq feet of office space accommodating a number of corporate headquarters. Schaumburg also contains 13,250,000 sq ft of industrial space, occupying over 1,600 acres of land.
Parks and Recreation - The Schaumburg Park District maintains more than 1,000 acres of landscaped parks including Spring Valley Nature Sanctuary, a prairie wild life preserve and an indoor and outdoor museum. The Park District also operates four community recreation centers, including the Water Works Oasis, … (2 comments)
|
schaumburg homes: Schaumburg Homes - How's the Real Estate Market Looking?
- 12/10/12 05:55 AM
Schaumburg Homes - Schaumburg IL Real Estate - Housing Market for November 2012 Looking for current and concise market information for Schaumburg Homes? You've come to the right place and I've actually been seeing a distinct and progressive improvement. Interest rates have gone even lower with affordability continuing to be the best it's ever been.Let's talk about a few key market facets here - the months supply of inventory for Schaumburg Homes has been steadily decreasing. We have 43% less in housing inventory then we did a year ago. With too many competing homes on the market, listing prices are forced downward which is what we have experienced … (2 comments)
|
schaumburg homes: Schaumburg Homes - What's happening with the market?
- 11/22/12 10:13 PM
Schaumburg Homes - Schaumburg IL Real Estate - Housing Market for October 2012 Looking for current and concise market information for Schaumburg Homes? You've come to the right place and I've actually been seeing a distinct improvement for the last 18 months. Interest rates have never been lower with affordability continuing to be the best it's ever been.Let's talk about a few different market facets here - the months supply of inventory for Schaumburg Homes has been steadily decreasing and has actually kept our recovery on an even keel. We have 66% less in housing inventory then we did a year ago. With too many competing homes … (2 comments)
|
schaumburg homes: What's the average prices of homes sold in Schaumburg?
- 09/27/12 01:28 AM
What's the average prices of homes sold in Schaumburg? The graph below gives the highest amount of closed homes in the $200,000 to $250,000 price range. This gives you a good idea of the 'middle' price point for Schaumburg.
Looking for an agent that's really a market expert? Let's get your Schaumburg home on the market and priced right to sell!Looking for a home in Schaumburg? Take advantage of great interest rates and high affordability opportunities! Please give me a call or email me to talk about your new home possibilities.*Single family homes, Jan to June 2012
… (2 comments)
|
schaumburg homes: How long will it take to sell my Schaumburg Home?
- 09/22/12 04:06 AM
What is the 'Months Supply of Inventory' for Schaumburg Homes?This percentage, also called the 'Absorption Rate', tells you how much inventory is on the market in a particular town. Think of it as your competition rate if you are thinking of putting your home on the market. Obviously, the higher the rate, the longer the market time for homes because of more competition.Knowing the 'Absorption Rate' plays a pivotal role in how your home should be marketed. It could also suggest a better or lesser opportunity to put your home on the market now. In our area the 'Months Supply of Inventory' has … (3 comments)
|
schaumburg homes: Schaumburg IL Real Estate - Market Improvements on Housing August 2012
- 09/14/12 11:21 PM
Schaumburg IL Homes - Schaumburg IL Real Estate - Housing Market for August 2012 Looking for current and concise market information for Schaumburg IL Homes? You've come to the right place and I've actually been seeing a distinct improvement for the last 15 months. Interest rates have never been lower with affordability continuing to be the best it's ever been.Let's talk about a few different market facets here - the months supply of inventory for Schaumburg IL Homes has been steadily decreasing and has actually kept our recovery on an even keel. We have 22% less in housing inventory then we did a year ago. With too … (0 comments)
|
schaumburg homes: 10 Steps to Prepare for Schaumburg Home Ownership
- 06/23/12 12:27 AM
Buying a new home in Schaumburg? Thinking it's time? Here's 10 Steps to Prepare for Schaumburg Home Ownership!
Find an experienced REALTOR®, (like me) who can help you through the process. Decide how much home you can afford. Generally, you can afford a home equal in value to between two and three times your gross income. Develop a wish list of what you would like your home to have. Then, prioritize the features on your list. Select three to four neighborhoods in which you would like to live. Consider items such as schools, recreational facilities, area expansion plans and safety. How long will … (7 comments)
|
schaumburg homes: Home Seller Closing Costs - Schaumburg Homes - Lyn Sims (847)230-7324 RE/MAX Suburban
- 06/22/12 04:03 AM
Home Seller Closing Costs
There are more closing costs in the average real estate transaction than just the Realtors© commission! Here are a few examples of standard closing costs (updated 6/13/19) in our Northwest Suburban Illinois area ~
Survey - Sellers in Illinois are responsible for giving the buyer a plat of survey of the property. The price for a plat of survey can range from $500 to $800. In our area it cannot be older than 6 months. Usually with townhomes or duplexes where you own the land this would apply also.
Recorded release of mortgage - Verifies that your mortgage has been completely … (11 comments)
|
schaumburg homes: Schaumburg IL Real Estate - What have home sales been doing?
- 06/12/12 07:18 AM
Schaumburg Homes - Schaumburg IL Real Estate - Housing Market for May 2012 How to describe the current market for Schaumburg IL Homes? We have actually been seeing a distinct improvement for the last 12 months. Interest rates have never been lower with affordability being the best it's ever been. The months supply of inventory for Schaumburg IL Homes has been steadily decreasing and has actually kept our recovery on an even keel. We have 27% less in housing inventory then we did a year ago. Too many homes on the market makes it more competitive and prices are forced downward.
Another … (1 comments)
|
schaumburg homes: Home Buyer Road Map
- 05/29/12 01:37 AM
You'll need a 'Buyer Road Map'
Compiling a 'home search wish list' featuring what is most important to you and your family when you begin your housing search should be an absolute priority. There is a habit of spending hours on the internet and on many different sites looking and 'lurking' at future home possibilities. But are you spending your time wisely?
What this post will do is help give you a sense of direction on what is most important. The minimum's and the maximum's to finding your ideal home. Most people start their search on the internet and … (3 comments)
|
Survey gives results on important School Decisions
;)
;)
;)
