Explore Naperville, IL

By Scott Gerami, Helping people find their place in the world!
(Compass Real Estate)
Comments 0
Interest rates fluctuate as changes occur in the general economy. If you purchased your home when interest rates were higher, you may want to consider re-financing your loan at a lower rate.You will have to apply for the new mortgage and have your current income eligibility assessed. Depending on...

By Scott Gerami, Helping people find their place in the world!
(Compass Real Estate)
Comments 0
Before your mortgage application is approved, the lender will order a professional appraisal of the home to make sure that the agreed-upon selling price is justifiable based on the current market value of the property. The cost of the appraisal will be based on the complexity of the appraisal rep...

By Scott Gerami, Helping people find their place in the world!
(Compass Real Estate)
Comments 0
Many sellers think that the price of their home is determined solely by what they are willing to accept and what the buyer is willing to pay. However, there is one more variable that can affect the sale of a home assuming that a bank loan is involved -- the lender's appraisal. To protect the inte...

By Scott Gerami, Helping people find their place in the world!
(Compass Real Estate)
Comments 0
What is the best price for a piece of real estate? Mortgage lenders, appraisers, and real estate brokers use what is called the "fair market value" (FMV). FMV has been defined as "the price that a buyer is willing to pay and the seller is willing to accept, when both parties are knowledgeable abo...

By Scott Gerami, Helping people find their place in the world!
(Compass Real Estate)
Comments 0
Who represents the homebuyer in the transaction? The most common scenario is for homebuyers to purchase a home with the help of the seller's listing agent. In this case, known as "dual agent representation," the real estate agent assists both the sellers and the buyers. However, it is also possib...

By Scott Gerami, Helping people find their place in the world!
(Compass Real Estate)
Comments 0
Setting the right price is an important first step in the process of selling a home. Is it necessary to spend $200 to $400 for a professional appraisal of your property before placing your home on the market?A professional appraiser's opinion of a property's market value is based on the recent sa...

By Scott Gerami, Helping people find their place in the world!
(Compass Real Estate)
Comments 1
  Marketing a rental property presents some special challenges. Owners will probably want to offer the house for sale while tenants are still living there so that the property continues to bring in income. However, most real estate agents prefer that their listings either be occupied by the owner...

By Scott Gerami, Helping people find their place in the world!
(Compass Real Estate)
Comments 0
  Buying a second home as rental property makes a great centerpiece to your retirement plan. It forces you to make regular savings in the form of mortgage payments that become your equity.You only need cash for the down payment, and you should make sure that your monthly rental payments will cove...

By Scott Gerami, Helping people find their place in the world!
(Compass Real Estate)
Comments 0
New Relationship Provides Premium Visibility for NUMBER1EXPERT Listings in LiveDeal.com's Fast-Growing Online Classifieds Real Estate Marketplace     CLEARLAKE and SANTA CLARA, Calif., Oct. 11 -LiveDeal.com (http://www.livedeal.com), one of the nation's leading free local online classifieds sites...

By Eileen Landau, ABR, CRS, e-PRO
(BAIRD & WARNER, NAPERVILLE)
Comments 5
Continuing on, I predicted:3) Decrease in membership in the National Association of Realtors.Many, many people got into real estate in the past few years with very little training. When the market becomes too difficult for them, they'll quit and go into something else. The turnover rate for agent...

By Eileen Landau, ABR, CRS, e-PRO
(BAIRD & WARNER, NAPERVILLE)
Comments 1
It's kinda interesting looking back at my predictions which I made January 1st of this year.1) Our market will be "normal." It's when buyers look at properties and get the opportunity to think about their offer. It's when prices stabilize or go down for the short term.Well, perhaps I should have ...

By Eileen Landau, ABR, CRS, e-PRO
(BAIRD & WARNER, NAPERVILLE)
Comments 7
This past weekend I was out showing. We had had a major heavy, wet snow storm on Friday.Now, it's Sunday afternoon and my buyer and I are fighting packed snow and ice on both driveways and entrance areas. Very dangerous. It's a lawsuit waiting to happen! So, if you're a seller, get out the shovel...

By Angus in Naperville IL
(RE/MAX of Naperville)
Comments 14
OK they both look like townhomes... they've got their own entrance, nobody above or below them, attached garage etc... yet one is a townhouse and the other is a condo.What does it really mean? We use the term "townhouse" loosely to describe a style of attached home, yet in a more specific sense.....

By Angus in Naperville IL
(RE/MAX of Naperville)
Comments 10
Realtor.com is an advertising site. The properties are used to draw you in so that they can build ads around the listings... this makes the site painfully slow. Realtor.com is an opt-in site missing a lot of data... it is notoriously out of date and doesn't let you know if a property is under con...

By Angus in Naperville IL
(RE/MAX of Naperville)
Comments 4
 The charts below show the strength of Naperville's attached housing market. Not just on the lower end but Naperville's Luxury Condo & Townhome  market too. As is typical in a softer marketplace... the total # of units are down, while the average price has risen considerably. During 2006 There we...

By Angus in Naperville IL
(RE/MAX of Naperville)
Comments 8
I mentioned in a previous post that Naperville's Luxury Home Market has actually increased in volume over the last year... bucking all current trends. With sales up over 28% for the year, there are still a lot of fantastic homes to be had at advantageous terms. Great opportunities are there for b...

By Angus in Naperville IL
(RE/MAX of Naperville)
Comments 4
Overall prices appear to have increased by about 8% over the same period last year (see charts below) while overall unit sales have declined a fairly dramatic 20%. An interesting twist though is that the Naperville Luxury Home market (Homes priced at $1,000,000 and over) has taken a significant j...

By Dave Cheatham
(INC Financial )
Comments 0
Candy Cane CakeYour little elves' eyes will light up when they see-and taste-this pretty peppermint bundt cake.Cake1       box Betty Crocker® SuperMoist® white cake mix1 1/4  cups water1/3    cup vegetable oil3       egg whites1/2    teaspoon red food color1/2    teaspoon peppermint extractWhite ...

By Dave Cheatham
(INC Financial )
Comments 0
Owning a home is the American dream, providing the homeowner with personal satisfaction and financial advantages.  While you enjoy the freedom of owning your own home, you can enjoy tax breaks by writing off interest to the possible appreciation of the home's equity.  Benefits of home ownership i...

By Eileen Landau, ABR, CRS, e-PRO
(BAIRD & WARNER, NAPERVILLE)
Comments 5
Naperville's school district #204 started buying land at the corner of 75th street and Route 59 for its third high school to be called Metea Valley High.The district acquired 25 acres for a cost of $257,000 per acre. However, now the Illinois House Panel rejected the district's bid to acquire con...

Naperville, IL Real Estate Professionals