Are you a buyer? Are you seeking to move or upgrade? Check out this article from REALTOR Magazine. This is a great way to get started in your new home purchase.
The Hair Salon
I’m sitting at the Hair Salon with my daughter. Love the fact that our new stylist is close to home. This is a plus when you are employed, self-employed or extremely busy. Jenita does an awesome job at Splendid designs. She’s quick and professional. Villa Park is a skip and a jump from my office and home. What amenities are important to you when you are looking to purchase a home?
Real Estate Today, Yes! Inventory is Low.
We’ve heard it on the news, seen it on a blog and read it on social media. The truth for the DuPage, IL County market on real estate inventory is, Yes, inventory is low. Now is a great time to consider selling your home. It doesn’t cost anything to make an appointment to determine the value of your home. Once you’ve determined your price, and you’re not upside down on your mortgage, you will find buyers knocking down the doors to see your home once it’s on the market at the best price.
If selling your home is in your near future contact me today. I’m available on Facebook, Twitter, LinkedIn, email, text or phone.
[email protected]
630.405.8994 text or call
www.facebook.com/CarrieLittleRealtor
2013 in Real Estate
2013 has just about come to an end. Based on our market and my real estate experiences through out the year it’s easy to say that the market has changed. If houses were listed at market value not only did the home go under contract but it went under contract with multiple offers, back up offers and sold quickly. Great for sellers. Although this was true it still did not mean that homes have increased significantly. However, values are higher than last year.
If you were a buyer this year you figured out that inventory became low after April. There are now less homes to choose from. Investors have started pulling out of the market. The great deal home is a bit harder to find. Based on our market data the bottom has come and gone. Therefore, if your were waiting for the bottom stop looking for it. You’ve missed it.
For sellers now is one of the best times to sell a home. For buyers there is no better time to jump off the fence and own. Prices are still at affordable rates.
For detailed information on your city email, text, inbox on Facebook or call today.
Morning Minute: Jump in judicial foreclosure auctions causes a monthly bump in U.S. foreclosure activity
See on Scoop.it – Your home space
Lenders are likely moving these properties more rapidly to the public auction given that there is strong demand from institutional buy-to-rent investors at the auction and that rising home prices mean more of the loan losses can be recouped, either by selling to an investor at the auction or by repossessing the property and reselling as bank owned,” Blomquist said.
See on www.iarbuzz.com
Report: Snapchat Turns Down $3 Billion Offer From Facebook
See on Scoop.it – Your home space
According to sources in contact with The Wall Street Journal, Facebook made an offer of “$3 billion or more,” but Snapchat cofounder Evan Spiegel is opting to wait until 2014 in hopes of a better valuation for the company.
Carrie J. Little-Bey‘s insight:
My husband and I say, "Take the Money!" Who are their parents? 🙂
See on mashable.com
The 10 Smartest Cities In North America
See on Scoop.it – Your home space
Which cities are doing the most to become the sustainable connected innovative city of the future?
See on www.fastcoexist.com
Forbes: Buy Now or Pay More Later?
Forbes: Buy Now or Pay More Later?.
The KCM Crew 10-22-2013 www.kcmblog.com
Even though no one at KCM actively lists or sells real estate, some of our readers believe that there is an inherent bias toward the real estate community in our writing. For that reason, we want to quote a third party source today. Forbes, in their online edition last week, spoke to the importance of buying a home now rather than waiting.
The article, Should You Buy a Home Now or Pay More Later?, explains:
“With mortgage rates creeping up toward 5% as 2013 draws to a close, potential home buyers have some decisions to make — and soon.
The danger for potential homebuyers isn’t that mortgage rates are nearing 5.00%; the real threat is that rates could go higher, to 5.50% or even 6.00% in 2014.”
The article spells out the financials consequences a buyer would face by waiting. ($67,746 on a $300,000 mortgage).
They went on to identify four things a buyer should take into consideration before delaying a decision to purchase.
- Rates will likely rise — and soon with 5% interest rates right around the corner.
- The Federal Reserve will stop “tapering” causing rates to return to historically normal levels (6-7%).
- Home values are rising
- The autumn buying season is underrated “as you can take advantage of year-end tax breaks and the fall weather makes it an ideal time to move”.
Bottom Line
The financial advice Forbes gave to their readers was rather simple. Buy now or pay more later!!
Glen Ellyn Kitchen Walk 2013 benefiting Bridge Communities
The Glen Ellyn Kitchen Walk will be held this Friday, October 11th from noon to 6pm. If you would like to purchase tickets go to www.bridgecommunities.org. You may also purchase tickets in person at Baird & Warner Glen Ellyn and Drury Design. For more information call 630.207.5538.
Event:
Friday, October 11th, 2013
Noon – 6pm
AfterWalk party 5pm – 8pm
One ticket. Two events
Tour 6 Fabulous glen Ellyn Kitchens and attend the AfterWalk Party at Drury Studio, Featuring Craig Bell, Wolf & Sub-Zero’s Executive Chef.
$25.00 in advance and $30.00 the day of the event.
Baird & Warner 543 Pennsylvania Ave, Glen Ellyn IL 60137 630.469.1855
August 2013 Homes for Sale Stats for West Chicago, Illinois
The city of West Chicago homes for sale inventory has gone for the past 3 years. There are less homes home the market this August from the past 3 years. We are currently down 38% with housing inventory for single family homes from August 2012 to August August 2013. Attached homes for sale are down 23.5%