Market Update Fox Valley-December 8 2018

Market Update Fox Valley-December 8 2018

Market Update Fox Valley-December 8 2018.  Improved market this week!  New listings this week 175 compared to 156 last week.  We had to get past Thanksgiving and a snow storm.

Closings were down this week.  164 this week compared to 180 last week. That is the difference between the last week of the month to the first week of the month.  These numbers should improve as we head into the end of the month and end of the year.

Take a look at the communities with the most activity this week:

Aurora-New 26 $85,500-$400,000                                               Closed-21 $110,000-$460,000

Batavia-New 5 $270,000-$359,900                                              Closed-12 $149,000-$909,220

Bolingbrook-New 10 $160,000-$324,000                                     Closed-12 $155,000-$362,500

Naperville-New 22 $224,900-$2,399,000                                     Closed-28 $190,525-$645,000

Plainfield-New 22 $224,900-$698,000                                         Closed-24 $208,000-$445,000

St Charles/Campton Hills-New 23 $164,900-$650,000               Closed-15 $227,000-$2,000,000

Yorkville-12 $267,060-$365,546                                                  Closed-11 $175,000-$375,000

First 2 million dollar sale in Kane County this year! It was in St Charles and it was a cash deal.

Contracts Accepted this Week

Contracts accepted this week were slightly up. 138 this week compared to 128 last week.  We just had to get past a holiday and a snow storm.

Short sales were also slightly up this week. 6 this week compared to 2 last week.  They still remain low so that is a good thing.  2 of them were in Aurora.  1 each in Bolingbrook, Plainfield, St Charles/Campton Hills and Sycamore.  Now they will be submitted to the lender to see if they will also accept contract as written.

Sellers accepted contracts this week that are contingent on the Buyer closing on their current home.  2 with a kick-out clause of 72 hours and 1 with 48 hours.

Contracts were also accepted by Sellers that are contingent on the Buyer selling and closing on their current home.  5 with a kick-out clause of 72 hours and 2 with 48 hours.

Contact us

Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101. Our goal is to negotiate price and terms that are best. We make it our business to find the perfect fit for your needs.

Let us update the current value on your home in today’s market.  We will provide you with a net proceeds that will show you an estimate of expenses.  Let you know what you need to do to get your home market ready.

If you are thinking about purchasing a home your first step is to contact a loan officer and get pre-qualified.  They will provide you with a letter that will go with an offer when we find a home.  It will say what type of loan you are going for and how much you qualify for so a seller will feel comfortable accepting your offer.

Things you might want to check out:

Market Update Fox Valley-December 8 2018.  Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

1444 N Farnsworth Ave, Suite 104

Aurora, IL 60505

630-503-6555

besthomesfv@gmail.com

Market Update Fox Valley-October 13 2018

Market Update Fox Valley-October 3 2018Market Update Fox Valley-October 13 2018.  New listings this week were pretty consistent with last week.  277 this week compared to 273 last week.  We love consistency!  Come on buyers there is still homes to look at that you have not seen yet.

Closed listing were down this week.  144 this week compared to 188 last week.  Homes closing right now went pending right as school was starting and there was a slow down then.  They should pick up as we head into the end of the month.

Take a look at the communities with the most activity this week:

Aurora-New 45 $104,500-$575,000                                                    Closed-20 $117,000-$440,000

Batavia-New 14 $195,000-$595,000                                                   Closed-1 $323,000

Bolingbrook-New 20 $149,900-$420,000                                           Closed-10 $159,300-$298,000

Geneva-New 11 $200,000-$1,295,000                                                Closed-5 $275,000-$635,000

Montgomery-New 12 $154,900-$329,900                                          Closed-7 $143,000-$217,000

Naperville-New 40 $230,000-$999,900                                               Closed-24 $250,000-$1,330,000

Plainfield-New 52 $189,900-$799,000                                                Closed-22 $158,000-$874,228

St Charles/Campton Hills-New 26 $169,900-$750,000                   Closed-11 $179,000-$580,000

This is the first time that I have seen Aurora & Plainfield have more new listings than Naperville.

Contracts Accepted this Week

Market Update Fox Valley-October 13 2018-Contracts Accepted this WeekContracts accepted this week were down.  172 this week compared to 207 last week.  Price adjustments might need to be made to get things moving again.  Take a look to see if there is anything that you can spruce up.

Take a look at the communities sellers accepted the most contracts this week:

Aurora-24                               Bolingbrook-17                                         Naperville-35

Oswego-11                            Plainfield-21

Naperville was still ahead with accepting the most contracts this week.

Short sales are staying consistently low.  2 this week compared to 5 last week.  This is great to see them staying so low.  Now they will be submitted to the lender to see if they will also accept the contract as written.

Sellers accepted contracts that are contingent on the buyers home closing before purchasing.  8 with a kick-out clause of 72 hours and 8 with 48 hours.

Contracts were also accepted that are contingent on the buyers home selling and closing before purchasing. 1 with a kick-out clause of 72 hours and 3 with 48 hours.

Contact us

Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  Our goal is to negotiate price and terms that are best whether buying or selling a home.  We are here to answer all of your real estate questions.

Let us update the value of your home in the current market and provide you with a net proceeds so you have an idea of expenses and what you might walk away with.  We will update this when an offer comes in and we know all the terms so you can make an informed decision.  We will let you know what you need to do to get it market ready.

If you are thinking about purchasing a home you might want to take a look at the different types of loans and the process  so when you talk to a loan officer to get pre-qualified you will be ready with any questions that you have.  After they pre-qualify you and let you know the range and what type of loan will work best for you they will provide you with a letter. That letter will go with an offer when you find the right home for you.  Sellers want to see that letter before they will commit to negotiate.

Are you a Veteran?  You might want to take a look at the requirements and process of getting a VA loan.

Take a look at current interest rates.  You will want to keep an eye on them.  One thing about the economy improving it causes interest rates to rise.  Your credit score will determine what interest rate you are offered.

Down payment resources is something everyone should check out.  Especially if you are a police officer, teacher or veteran.  Illinois and some communities also offer assistance.  You will want to check out the community website that you are looking to move to.

Market update Fox Valley-October 13 2018.  Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

1444 N Farnsworth Ave, Suite 104

Aurora, IL 60505

630-503-6555

besthomesfv@gmail.com

 

 

Market Update Fox Valley-October 6 2018

Market Update Fox Valley-October 6 2018Market update Fox Valley-October 6 2018. New listings were slightly lower this week.  273 this week compared to 281 last week.  We are slowing down slightly but not extremely.  It is still a good time to sell your home.  This is a good time to get into a home before the holidays.

Closings this week were down.  188 this week compared to 258 last week.  This is to be expected with the beginning of the month.  It will increase as we head into the end of the month when most buyers want to close.

Take a look at the communities with the most activity this week:

Aurora-New 36 $80,000-$599,000                                                            Closed-29 $66,000-$460,000

Batavia-New 8 $209,000-$1,100,000                                                       Closed-10 $171,000-$570,000

Bolingbrook-New 24 $155,000-$625,000                                                Closed-12 $216,000-$375,000

Naperville-New 47 $190,000-$1,999,000                                                Closed-30 $190,000-$1,690,887

Oswego-New 24 $179,000-$1,200,000                                                   Closed-4 $221,600-$342,500

Plainfield-New 40 $199,000-$999,000                                                    Closed-25 $161,000-$1,100,000

St Charles/Campton Hills-New 21 $249,900-$2,995,000                    Closed-7 $160,000-$825,000

West Chicago-New $169,900-$435,000                                                  Closed-11 $174,000-$340,000

Yorkville-New 9 $148,900-$399,900                                                        Closed-$215,000-$595,000

Contracts Accepted this Week

Market Update Fox Valley-October 6 2018-Contracts Accepted this WeekContracts accepted this week were pretty consistent with last week.  207 this week compared to 211 last week.  Homes are still selling in the Fox Valley.  There is still time to sell before the end of the year.

Take a look at the communities that sellers accepted the most contracts:

Aurora-35                           Bolingbrook-13                                 Montgomery-12                             Naperville-36

Plainfield-26                      St Charles/Campton Hills-15          Yorkville-10 

Short sales were consistent with last week. 5 this week compared to 4 last week.  Now they will be submitted to the lender to see if they will also accept contract as written.  This takes time to get a response from the lender.

Sellers accepted contracts that are contingent on the buyers home closing before purchasing.  4 with a kick-out clause of 72 hours, 8 with 48 hours and 3 with 24 hours.

Contracts were also accepted by sellers that buyers still needs to sell their current home and close before purchasing.  3 with a kick-out clause of 72 hours, 4 with 48 hours and 3 with 24 hours. 

Contact us

Call us at 630-503-6555 and ask for Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  Our goal is to negotiate price and terms that are best whether buying or selling a home.  We are here to answer any questions that you have. 

Are you thinking about selling a home?  We will update your homes value and provide you with a net proceeds so you have an idea of the expenses and what you might walk away with at closing.  This will be updated when an offer comes in and we know all the terms.

If you are thinking about purchasing, a good place to start is learning about the different types of loans and the process.  Especially if this is your first time buying or you haven’t purchased a home in a long time.  You will need to get pre-qualified with a loan officer.  They will provide you with a letter that states what you qualify for and that will be submitted with an offer when you do find a home. 

Veterans can learn about the requirements and process for getting a VA loan.  You will want to talk to your loan officer to make sure they do VA loans. 

Check out current interest rates.  You might want to keep an eye on them because they keep talking about them going up.

Down payment assistance is something everyone should look at.  You might just qualify for some help.  If you are a Veteran, Police officer or teacher you especially want to look. Illinois and some communities also offer assistance.  Look at the community website that you are looking in. 

Market update Fox Valley-October 6 2018.  Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!     

1444 N Farnsworth Ave, Suite 104

Aurora, IL 60505

besthomesfv@gmail.com     

                

Market Update Fox Valley-September 15 2018

Market Update Fox Valley-September 15 2018Market update Fox Valley-September 15 2018. New listing were slightly done this week.  296 this week compared to 320 last week.  I like to see above the 300 mark but it is not far off of it so far.

Closed listings were not too far off this week.  171 this week compared to 177 last week.  this should increase as we get closer to the end of the month.

Take a look at the communities with the most activity this week:

Aurora-New 39 $127,000-$442,000                                                      Closed-24 $110,000-$364,000

Batavia-New 11 $269,000-$492,900                                                    Closed-7 $168,000-$499,000

Bolingbrook-New 26 $155,000-$450,000                                            Closed-14 $140,500-$570,000

Geneva-New 11 $210,000-$1,150,000                                                 Closed-8 $320,000-$611,072

Montgomery-New 13 $179,411-$329,900                                          Closed-7 $105,000-$273,000

Naperville-New 65 $239,900-$1,385,000                                            Closed-35 $238,000-$809,000

Oswego-New 12 $165,000-$775,000                                                  Closed-6 $160,000-$435,470

Plainfield-New 32 $154,900-$549,900                                                Closed-16 $205,000-$365,000

St Charles/Campton Hills-New 23 $164,900-$1,000,000                Closed-12 $145,000-$605,000

West Chicago-New 14 $158,000-$450,000                                        Closed-3 $185,000-$620,000

Market Update Fox Valley-September 15 2018-Contracts Accepted this Week

Market Update Fox Valley-September 15 2018-Contracts Accepted this WeekContracts accepted this week were up!  232 this week compared to 206 last week.  Now we need to increase the inventory.

Take a look at the communities that sellers accepted the most contracts:

Aurora-40                                            Bolingbrook-18                                               Naperville-38

Oswego-11                                         Plainfield-39                                                    St Charles/Campton Hills-17

Short sales accepted by sellers were exactly the same as last week.  6 this week and 6 last week.  Now they will be submitted to the lender to see if they will also accept the contract as written.

Sellers accepted contracts that are contingent on the buyer closing on their current home. They already accepted a contract on their home but need to close before purchasing.  7 with a kick-out clause of 72 hours, 4 with 48 hours and also 4 with 24 hours.

Contingent contracts were also accepted by sellers that he buyer still needs to sell their current home and close before purchasing. 3 with a kick-out clause of 72 hours, 5 with 48 hours and4 with 24 hours.

The market is still humming along. Not as much volume as Spring market but still not too bad here in the Fox Valley.

Contact us

Call us at 630-503-6555  Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101. Our goal is to negotiate price and terms that are best whether buying or selling a home.

We will update your home value with the current market and provide you with a net proceeds so you have an estimate of expenses.

If you are thinking about purchasing your first-step is to contact a loan officer to get pre approved for a loan.  You might want to learn more about the different types of loans and the process.

Are you a Veteran?  Take a look at the requirements and process for getting a VA Loan.

Check out current interest rates.  The rate you will receive will depend on your credit score.  Your loan officer should be able to help you bring up your score if it needs improvement.

You might want to see if you qualify for any down payment assistance. Illinois and some communities offer assistance as well.  Check the community website that you are looking in to see if they offer any assistance.

Call us with any questions that you have on buying or selling a home.

Market update Fox Valley-September 15 2018.  Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

1444 N Farnsworth Ave, Suite 104

Aurora, IL 60505

630-503-6555

besthomesfv@gmail.com

Market Update Fox Valley-September 8 2018

Market Update Fox Valley-September 8 2018Market update Fox Valley-September 8 2018.  New single-family home listings were slightly up this week.  320 this week compared to 311 last week. The holiday is over.  Everyone is settling into the school schedule   Let’s get back to business!

Closed single-family homes were down this week.  177 this week compared to 267 last week.  This is to be expected with the beginning of the month. Most of these that closed this week were probably ones that they could not get closed before the holiday.  Most buyers want to close at the end of the month.

Take a look at the communities with the most activity this week:

Aurora-New 51 $112,900-$600,000                                                  Closed-24 $100,000-$470,000

Bolingbrook-New 14 $170,000-$399,000                                        Closed-13 $148,000-$440,000

Montgomery-New  11 $150,000-$300,000                                      Closed-5 $192,500-$320,000

Naperville-New 54 $229,900-$2,895,000                                         Closed-31 $306,000-$975,000

Oswego-New 13 $199,900-$847,500                                               Closed-11 $190,000-$340,000

Plainfield-New 46 $162,000-$619,000                                             Closed-25 $185,000-$500,000

St Charles/Campton Hills-New 32 $220,000-$979,000                Closed-17 $111,000-$759,000

Yorkville-New 14 $124,900-$398,900                                              Closed-7 $270,000-$440,000

Market Update Fox Valley-September8 2018-Contract Accepted this Week

Market Update Fox Valley-September 8 2018-Contract Accepte this WeekContracts accepted this week were down just slightly.  206 this week compared to 217 last week.  Not too bad the week before and after a holiday.  Things should get back to normal this next week.

Take a look at the communities sellers accepted the most contracts:

Aurora-34                                        Bolingbrook-14                                          Naperville-34

Plainfield-24                                   St Charles/Campton Hills-20

Short sale contracts accepted this week were right on target with last week. Both weeks 6 were accepted.  Now they will be submitted to the lender to see if they will also accept contract as written.  This is wonderful to see consistently low numbers with short sales.  Low inventory has been a consistent problem but it has raised prices so that sellers can sell their homes without doing a short sale.

Contracts were accepted by sellers that are contingent on the buyer closing on their current home.  Buyers have already accepted a contract on their home  but need to close before purchasing. 3 with a kick-out clause of 72 hours, 5 with 48 hours and 3 with 24 hours.

Sellers also accepted contracts that are contingent on the buyer selling their home and closing.  Buyers still need to sell their current home and also need to close before purchasing.  6 with a kick-out clause of 72 hours, 4 with 48 hours and 1 with 24 hours.

Contact us

Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101. Our goal is to negotiate price and terms that are best whether you are buying or selling. We make it our business to find the perfect fit for your needs.

Resources

We will update your home value in today’s market and provide you with a net proceeds.   This is an estimate of expenses so you know where you are at and what you might walk away with at closing.  When a contract comes in we will update it with the price and terms of the offer so you can make a decision.

If you are just starting to think about purchasing a home your first step is to get pre-qualified with a loan officer.  They will provide you with a letter that states what you are qualified for and what type of loan you should go with. This will go with an offer when you find the home you want to purchase.  Sellers will not even consider an offer without it.

You can learn more about the different types of loans and the process.  It might be good for you to look at this information before you call your loan officer.

If you are a veteran you might want to see if now is the time to use your benefits.  You can learn more about the requirements and the process for a VA loan.

Take a look at the current interest rates.  Your credit score will determine what rate you are offered.  If you need to work on your score your loan officer should be able to help you with that.

Check out down payment assistance.  It doesn’t hurt to look!  Illinois and some communities also offer assistance.  You might want to take a look at the community website that you are thinking about moving to.

Market Update Fox Valley-September 8 2018.  Have a great week!

Kristine Heiman-Managing Broker 

Best Homes Fox Valley-Search for a home today!

1444 N Farnsworth Ave, Suite 104 

Aurora, IL 60505

630-503-6555

besthomesfv@gmail.com

Market Update Fox Valley-September 1 2018

Market Update Fox Valley-September 1 2018Market update Fox Valley-September 1 2018.  New listings were up this week.  311 new this week compared to 292 last week.  Not a big jump but we will take it.

Closed listings were also up this week. 267 closed this week compared to 205 last week.  It was the end of the month so it was expected to go up.

Take a look at the communities with the most activity this week:

Aurora-New 33 $69,900-$483,000                                                              Closed-51 $56,597-$835,000

Batavia-New 11 $279,900-$569,900                                                          Closed-14 $125,000-$800,000

Bolingbrook-New 20 $150,000-$845,000                                                  Closed-18 $171,000-$390,000

Geneva-New 13 $170,000-$624,900                                                          Closed-12 $160,000-$510,000

Montgomery-New 13 $164,900-$335,490                                                Closed-11 $158,500-$285,000

Naperville-New 64 $284,000-$1,640,000                                                  Closed-34 $202,500-$905,000

Oswego-New 10 $170,000-$399,900                                                        Closed-17 $169,000-$580,137

Plainfield-New 39 $155,000-$624,900                                                      Closed-34 $145,000-$835,000

St Charles/Campton Hills-New 30 $230,000-$2,495,000                      Closed-20 $160,000-$792,500

West Chicago-New 13 $174,000-$429,900                                              Closed-8 $217,500-$424,000

Yorkville-New 15 $155,000-$489,900                                                        Closed-12 $208,000-$367,500

Market Update Fox Valley-September 1 2018-Contracts Accepted this Week

Market Update Fox Valley-September 1 2018-Contracts Accepted this WeekContracts accepted this week were slightly down this week.  217 this week compared to 228 last week. Listings were down last week so maybe that contributed to the numbers this week.

Take a look at the communities that sellers accepted the most contracts this week:

Aurora-31                                 Batavia-10                                         Bolingbrook-14

Naperville-42                           Plainfield-26                                      West Chicago-12

Short sales have been staying consistent.  6 this week compared to 5 last week.  Now they will be submitted to the lender to see if they will also accept contract as written.

Sellers accepted contracts that have a contingency on the buyers home closing.  Buyer have already accepted a contract on their current home but need to close to purchase.  4 with a kick-out clause of 72 hours, 5 with 48 hours and 2 with 24 hours.

Also sellers accepted contracts that have a contingency on the buyer selling their current home and closing before purchasing.  Buyers have not sold their current home yet.  1 with a kick-out of 72 hours, 5 with 48 hours and 1 with 24 hours.

Contact Us

Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  Our goal is to negotiate price and terms that are best whether you are buying or selling.

We will update you homes value in the current market and provide you with a net proceeds so you know the expenses of selling your home.  We will update this when an offer comes in and we know all the terms.

If you are thinking of buying a home your first-step is to get pre approved with a lender.  Find out more about the different types of loans and the process.  Are you a veteran?  Check out information about VA loans.

Take a look at current interest rates.  Your credit score will determine what interest rate you are offered.  The loan officer will be able to help you bring up your score if you need to.

Check to see if you qualify for down payment assistance Illinois and some communities offer assistance as well.  You might want to check the website of the community you are looking in to see if they offer anything.

Market update Fox Valley-September 1 2018.  Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for home today!

1444 N Farnsworth Ave, Suite 104

Aurora, IL 60505

630-503-6555

besthomesfv@gmail.com

Market Update Fox Valley-August 18 2018

Market Update Fox Valley-August 18 2018Market update Fox Valley-August 18 2018.  There was an increase in New Listings of single-family homes this week.  334 this week compared to 305 last week.  Vacations are over and people are getting focused on getting their homes listed again.

Closings this week were also up. 252 this week compared to 227 last week.  These numbers will increase as we get closer to the end of the month when most buyers want to close.

Take a look at the communities with the most activity this week:

Aurora-New 53 $124,000-$519,000                                                       Closed-45 $85,000-$585,000

Bolingbrook-New 24 $170,000-$599,900                                             Closed-16 $134,750-$312,000

Geneva-New 17 $299,000-$898,900                                                     Closed-10 $205,000-$402,500

Montgomery-New 16 $95,000-$299,000                                              Closed-8 $169,900-$300,000

Naperville-New 64 $230,000-$1,599,000                                              Closed-44 $215,000-$1,300,000

Oswego-New 8 $254,000-$350,995                                                       Closed-14 $170,000-$460,000

Plainfield-New 40 $149,000-$1,150,000                                                Closed-26 $165,000-$786,000

St Charles/ Campton Hills-New 21 $172,000-$1,985,000                  Closed-32 $125,000-$1,175,000

West Chicago-New 14 $169,900-$445,000                                           Closed-6 $153,500-$330,000

Yorkville-New 11 $214,900-$285,900                                                     Closed-12 $210,000-$511,100

Market Update Fox Valley-August 18 2018-Contracts Accepted this Week

Market Update Fox Valley-August 18 2018-Contracts Accepted this WeekContracts accepted this week were consistent with last week.  253 this week compared to 254 last week.  We love consistency!  Attached housing has slowed down more than single-family homes.  The market is best in the Spring.  It has slowed down but homes are still moving so it is still a good time to sell.

Take a look at the communities sellers accepted the most contracts this week:

Aurora-57                                  Batavia-12                                 Bolingbrook-15                                    Naperville-46

Oswego-13                               Plainfield-27                              St Charles/Campton Hills-17

Short sales were slightly up this week.  7 this week compared to 2 last week.  Short sales still remain low.  Now they will be submitted to the lender to see if they will also accept contract as written.

Sellers accepted contracts that are contingent on the buyer closing on their current home.  Buyers have already accepted an offer on their home but need to close to purchase.  12 with a kick-out clause of 72 hours, 11 with 48 hours and 2 with 24 hours.

Contracts were also accepted by sellers that are contingent on the buyer  selling their current home and closing. They might or might not have their home currently on the market.  They need to sell their home and close before they can purchase.  2 with a kick-out clause of 72 hours, 7 with 48 hours and 2 with 24 hours.

Contact us

Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  Our goal is to negotiate price and terms that are best whether you are buying or selling a home.

Let us update the value of your home in the current market with a market analysis.  We will provide you with a net proceeds to show you an estimate of expenses to sell your home so you have an idea where you are at.  When an offer comes in we will update the net proceeds with the terms of the contract so you can make a decision.

If you are thinking about purchasing your first step is to get pre-qualified with a loan officer so you know the price range you should be looking in and the type of loan that will work out best for your situation. Learn more about loans and the process.

Are you a veteran?  Learn more about VA loans and the requirements.

Take a look at the current interest rates.  The rate you will be offered will be determined on your credit score.

There might be help with your down payment.  Take a look to see if you qualify.  Illinois and some communities also offer help with down payment or closing costs.

Market update Fox Valley-August 18 2018.  Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search a home today!

1444 N Farnsworth Ave, Suite 104

Aurora, IL 60505

630-503-6555

besthomesfv@gmail.com

Market Update Fox Valley-July 28 2018

Market Update Fox Valley-July 28 2018Market Update Fox Valley-July 28 2018.  New Single-family home listings this week were down.  294 this week compared to 355 last week.  July has been a slower month over all.  The last week of June there were 354 new single-family home listings.

Closed  single-family home listings were also down.  268 this week compared to 282 last week.  The last week of June there were 386 closings.  We had the holiday in the beginning of the month and then so many people heading out on vacations and getting ready for school to start.

Take a look at the communities this week with the most activity this week:

Aurora-New 34 $117,000-$458,000                                             Closed-43 $75,000-$412,000

Bolingbrook-New 17 $134,900-$389,999                                   Closed-21 $147,000-$387,500

Geneva-New 9 $227,900-$749,900                                             Closed-11 $225,000-$435,000

Montgomery-New 15 $135,200-$409,500                                 Closed-12 $146,500-$289,900

Naperville-New 59 $279,900-$1,474,818                                   Closed-59 $201,000-$3,000,000

Oswego-New 17 $262,000-$775,000                                         Closed-10 $19,500-$472,500  the $19,500 was a mistake that they corrected 

                                                                                                                                                                                      to $195,000.

Plainfield-New 32 $175,000-$540,000                                        Closed-32 $169,900-$495,000

St Charles/Campton HIlls-New 26 $169,000-$949,994           Closed-17 $170,000-$815,000

Winfield-New 10 $329,500-$675,000                                          Closed-2 $270,000-$293,000

Yorkville-New 7 $215,000-$459,900                                            Closed-10 $235,000-$370,000

Market Update Fox Valley-July 28 2018-Contracts accepted this week

Market Update Fox Valley-July 28 2018-Contracts accepted this week

Contracts accepted this week were about the same as last week.  278 this week compared to 276 last week.  The last week of June 303.  This month holiday and vacation month has had an impact on activity this month.

Short sale contracts accepted were still low.  4 this week compared to 7 last week.  Now they will be submitted to the lender to see if they will also accept as written.  We are very happy to see these numbers stay low.  Low inventory and increased prices has really slowed short sales down.    Owners are able to sell for what they owe on there homes and job loss is way down.

Take a look at the communities that were most active with accepting contracts this week:

Aurora-42                           Bolingbrook-13                            Geneva-10                               Montgomery-11

Naperville-44                     Plainfield-43                                 St Charles/-18                        West Chicago-14

Yorkville-11                                                                               Campton Hills

Sellers accepted contracts that are contingent on the purchase closing on their current home.  Buyers have already accepted a contract on their current home but need to close to purchase.  5 with a kick-out clause of 72 hours, 12 with 48 hours and 1 with 24 hours.

Contracts were also accepted by sellers that the buyer needs to sell and close on their current home.  Buyers current home might or might not already be on the market.   Contracts are contingent on the sale and close of buyers current home.  6 with a kick-out clause of 72 hours, 5 with 48 hours and 1 with 24 hours.

Contact us

Call us at 630-503-6555  Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  Our goal is to negotiate price and terms that are best.

We can let you know the value of your home in the current market and provide you with a net proceeds showing you the costs of selling your home.  If you decide to sell we will update this when a contract comes in and we know all the terms of the contract.

Thinking about purchasing a home?  Your first-step is to get pre approved with a loan officer so you know the price range and type of loan that will work out best for your situation.  You can find out more about loans and the process.  If you are a veteran you will want to look up the requirements and process for a VA loan.

Take a look at down payment assistance to see if there is something there you can use.  Illinois and also different communities offer assistance.  Check the website of the community you are looking at.

Market Update Fox Valley-July 28 2018.  Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley-Search for a home today!

1444 N Farnsworth Ave, Suite 104

Aurora, IL 60505

630-503-6555

besthomesfv@gmail.com

Market Update Fox Valley January 13 2018

Market update Fox Valley January 13 2018
Activity this week in the Fox Valley

 Market Update Fox Valley January 13 2018.  Fabulous week this week!  New Listings were up this week.  224 this week compared to 164 last week.  That is exciting!  We are on the right track.  I will be happier when we are over 300 for the week.

Closings were also up this week. 235 this week compared to 107 the week before.  A lot of very happy sellers!  The cold weather is not keeping people home.  Activity is up. Now is the perfect time to be a seller!  Fill out a home valuation request so we can let you know where you home value is in the current market.  Get a step ahead of the Spring market.

Take a look at the communities this week with the most activity:

Aurora-New 24 $71,100-$469,000                         Closed-15 $120,000-$575,500

Bolingbrook-New 13 $144,900-$407,500             Closed-16 $235( must be a mistake)-$365,000

Montgomery-New 5 $80,800-$255,000                Closed-12 $103,376-$261,000

Naperville-New 40 $199,999-$1,399,000             Closed-14 $215.000-$1,085,000

North Aurora-New 10 $ 139,900-$418,900          Closed-3 $261,000-$382,500

Oswego-New 10 $129,900-$369,900                    Closed-9 $186,500-$397,000

Plainfield_New 31 $170,000-$749,900                 Closed-17 $187,000-$369,000

St Charles-New 31 $239,900-$1,798,500             Closed-7 $205,720-$710,000

West Chicago-New 11 $179,900-$675,000          Closed-4 $199,900-$325,000

Yorkville-New 10 $198,900-$355.000                   Closed-2 $247,500-$320,000

Market Update Fox Valley January 13 2018-Contracts Accepted

Market Update Fox Valley January 13 2018-Contracts Accepted
Sellers in these communities accepted contracts this week

Market update Fox Valley January 13 2018-contracts accepted.  This week contracts accepted from sellers was up.  171 this week compared to 87 last week.  Almost doubled!  Subzero temperatures or not buyers are wanting to find their home.

Short sales accepted by sellers was slightly up.  11 this week compared to 7 last week.  Now they will go on to be submitted to the lender to see if they will also accept the contract as submitted.  Short sales are not as common as they were before.  there is still some out there but not as many.

Here is the communities that sellers accepted the most contracts this week:

Aurora-29 with 2 of them a short sale

Bolingbrook-14 with 1 of them a short sale

Naperville-28 with 1 of them a short sale

Oswego-10

Plainfield-16 with 1 of them a short sale

St Charles-17 with 1 of them a short sale

The other communities that sellers accepted contracts with a short sale are Batavia with 1, Montgomery with 1, Serena with 1 & Sugar Grove with 2.

Sellers also accepted contracts with contingencies.  These are contingent on the close of the buyers current home.  They already have an accepted contract on their home but need to close before purchasing. 2 with a 72 hour kick-out clause and 4 with 48 hours.

Contracts with contingencies of a sale and close on the buyers current home were also accepted this week.  The buyers current home might or might not already be on the market.  They do not have a contract accepted on their home yet  1 with a 72 hour kick-out clause and 3 with 48 hours.

Contact Us

You can call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  You can also fill out the contact form and have us get back to you if that is easier.

Search for homes anytime.  You can also sign up to receive listings of homes as soon as they hit the market and get an email alert.

If you are buying a home for the first time you might want learn more about loans.  Look up interest rates or see if there is down payment assistance that will help you.

We can recommend loan officers to contact to tell you about the latest programs that are offered.

We makeit our business to find the perfect fit for your needs.  Our goal is to negotiate the price and terms that are best. Market update Fox Valley January 13 2018.  Have a great week!

Kristine Heiman-Managing Broker

Best Homes Fox Valley

630-503-6555

besthomesfv@gmail.com

1444 N Farnsworth Ave Suite 104 Aurora, IL 60505

 Buy Home Before End Of Year!
  
 

Buy Home Before End Of Year
Call Kristine, Jeffery or Bobby

Buy Home Before End Of Year

Buy Home Before End Of Year!  There is still time if you don’t wait too long.  It is a great time to look at homes when they are all decked out for the holidays!  Of course it might not be decorated the way you would do it.  You get to see a home in a very festive time of the year.  If purchasing a home in 2017 was your goal you can still reach your goal.

Financing

Financing a home during the holidays can be kind of tricky.  Talk to your loan officer about spending money during the holidays.  We usually tell you not to make any purchases during the loan process so you will need to talk about this. 

Do you already have a budget for what you will be spending?  Sometimes the loan officer will have you write a letter explaining what you are spending money on.  You might want to alert family members that you are planning on purchasing a home so gifts will be light this year.

Get pre-qualified with a loan officer and let us know where you want to look.   What type of home you are looking for.  Inventory is low in most areas of the Fox Valley right now so you might want to be a little flexible on locations.

Resources

If you are a first-time buyer or if it has been a while you might want to go to CFPB to learn about the different types of loans and the process now.  There is a lot of good information there.

Down payment resource is another link to go to to see if you qualify for any help with a down payment.  It is worth a try.  Any help with the closing costs is a good thing so you can use the money to paint or something else once you get into the home.

Contact Us

Contact us to help you negotiate the price and terms that are best.  We make it our business to find the perfect fit for your needs. Call us at 630-503-6555 Jeffery Szymczak-Broker ext 104, Bobby Burson-Broker ext 105 or Kristine Heiman-Managing Broker ext 101.  You can also use the contact form if you would like to let us know how and when to contact you.

Request a home valuation if you are thinking about selling your current home.  Homes that are market ready and priced correctly are selling quickly so if you are thinking about selling and getting into another home it might still be possible before the end of the year.

Search for homes anytime even if you just want to keep an eye on the market.  If you have questions let us know.  Best Homes Fox Valley.  Buy home before end of year!