Explore Naperville, IL

By Scott Gerami, Helping people find their place in the world!
(Compass Real Estate)
Comments 1
Here is a situation that many buyers have experienced. After searching for weeks, you found the perfect home and you made a very low offer. The sellers responded with a counter-offer which was several thousand dollars lower than their asking price. You came back with a slightly higher bid, and th...

By Eileen Landau, ABR, CRS, e-PRO
(BAIRD & WARNER, NAPERVILLE)
Comments 0
Single Family Naperville  detached homesas of December 15, 2006 Currently there are  157     3 bedroom homes on the market with an average list price of $416,041 and a market time of 144 days. Currently there are 629    4 bedroom homes on the market with an average list price of $734,086 and a ma...

By Scott Gerami, Helping people find their place in the world!
(Compass Real Estate)
Comments 0
After the buyer and seller come to a "meeting of the minds" on the price of a house, there is one more person who must be convinced that the house is worth the selling price--the mortgage company's appraiser. The appraiser looks for three similar houses that have sold in the same area within the ...

By Scott Gerami, Helping people find their place in the world!
(Compass Real Estate)
Comments 1
It is not unusual for homeowners to yield to the temptation to try to sell their own home. It seems easy enough--just place an ad in the weekend paper and wait for buyers to show up. Although it may seem simple, real estate sales transactions are extremely complex proceedings.The first pitfall ca...

By Scott Gerami, Helping people find their place in the world!
(Compass Real Estate)
Comments 1
When you buy a house or refinance your present home, your lender will ask you to pay for an appraisal to help ensure that the sales price and mortgage amount is consistent with the property's market value. The appraiser will look for "three caballeros" or three "comparables" -- homes that are ver...

By Scott Gerami, Helping people find their place in the world!
(Compass Real Estate)
Comments 2
Technical terms can be confusing to people who do not work in a profession, and real estate agents use language that may be confusing to many home buyers and sellers.If you find your eyes glazing over when your real estate agent starts talking about escrow, clear title, easements, encroachments, ...

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...

Naperville, IL Real Estate Professionals