Maybe you would like to sell your home but you would rather wait then lose money. If that’s you, here’s something to consider while you think about the future sale of your home:

1. Make a to do list
2. Start going through your storage areas
3. Declutter every room
4. Liven up the basement and the garage – nothing like an ugly garage or basement when a buyer comes in.
5. Keep your refrigerator clean
6. Start dusting in areas you often overlook
7. Set a listing target date
8. Why wait, talk to a real estate professional now so you are better prepared when you list your home.

Can you think of anything else? Tell me……

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Northern Illinois DuPage County and the Real Estate Market

Whether we want to believe it or not, homes are continuing to sell in DuPage County.  Home sales are not what they were several year ago but individuals and families are continuing to purchase homes in DuPage County.  In June of 2011 there were 943 listed homes that sold with an average sales price of $293,788 and a median sales price of $223,900.  These homes include single family homes and attached homes.

In June of 2010 the average sales price for a single family home was $368,417 and the average sales price for an attached home was $165,504.  There were a total of 1063 properties that sold in June 2010.  Comparing June 2011 to last years sales the sales prices for single family homes were $360,896 only an $8000 difference with an actual decrease of  2%.  On the other hand, when you compare the attached homes to last years sales in June the gap is much larger.   The average sales price for attached homes came to $138,066 a decrease of 16.58% from last years prices.

If you are on the fence about buying consider jumping off.  Now is a great time to own a home.  Don’t wait! Don’t over spend and be a part of the American Dream today!  If your home hasn’t sold it’s probably the price so talk to your real estate agent and get that price down where you can increase buyer traffic and hopefully receive an offer on that home.

Need an agent? Contact me today.  [email protected].

Data from the MLS in Northern Illinois.

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Home prices as low as they were in 2007 in the Chicagoland area

Check out this great article on the home price changes.  As of April 2011, you can pretty much purchase a home near the same prices as in the year 2007.    If you are on the fence, get off and get on your way to homeownership.  Not sure where to being?  Contact me today for help in purchasing a home or investing in real estate.  [email protected] or click

Are you afraid to buy a home? Don’t Be!!!!!

“We can remain afraid to buy and let all of the great deals out there pass us by as the investors snag them all and rent them back to us until we’re ready to buy. Or, we can go and buy ourselves and take advantage of the instant equity that we can gain.”  Nathan Hosier

This market may appear to be an  intimidating time to purchase a home.  However, whether you believe it or not, now is the best time to own.  Home prices are as low as the home prices in 2004 and even 2000.  You can essentially purchase a home at the 2004 prices and get a better interest rate than you could during that year and years close to it!  Steve Harney and his team explain it well.  Click on the link to read more…..

Don’t wait! A Shortsale may be the best option.

If you need to sell, SELL.  Don’t wait for the market to come back.  While you wait your home could depreciate more.  In addition, you may lose your right to forgiveness of the debt.  This special tax relief actually applies to anyone who has forgiven mortgage debt during the tax years 2007 through 2012.   But starting in 2013, this tax break goes away.  Whatch the Suze Orman video.

Shortsales are here to stay.  If you must sell consider the shortsale.