Wednesday, 07 November 2012 16:22

Preparing your home for winter

Simple tips to get you Springfield IL home prepared for the winter months

Winter is coming… Winter months can be hard on your home. Freezing temperatures can damage outside pipes, siding, decks and gutters. Snow and ice can make it difficult to make repairs, and could cause even the smallest problem to snowball into a significant expense.

By acting on many of these tips, you can safeguard your home and reduce energy bills.

Helpful tips on staging your home to sell.

  • Open the front door. If it squeaks, groans or drags, fix it.
  • Review each room. Paint walls, clean windows, (replace any broken ones), window coverings and shampoo soiled carpets.
  • Rearrange or remove some furniture. Less furniture in a room makes the room appear larger.
  • Remove all unnecessary objects on the furniture throughout the house. Restrict decorative objects to groups of one, three or five items.
  • Take down or rearrange certain pictures or objects on the walls. A gallery wall of family photos or large collections distracts buyers and causes them to focus away from the home.
Wednesday, 19 September 2012 16:46

Springfield IL Home Prices and Home Sales Rise

real estate market august 2012Real Estate News for Springfield IL - August 2012

The Capital Area Association of REALTORS (CAAR) reports Unit home sales for single-family homes increased last month (August 2012) while prices also increased in the Capital Area. In addition to this, the median home sale price (for condos and single-family homes) was $121,000, up 8% from the August 2011 price of $112,000. The year-to-date median sale price (The median is a common market price where 1/2 the homes sold for less, half sold for more) through August of 2012 was 115,500. This reflects an increase of 5% over the $110,000 price during the same period in 2011.

staging your home to sell

Maximizing the "Curb Appeal"

When it comes to real estate, you should use any edge you can get to assist in selling your home. From simple outdoor cleanup items to quick indoor adjustments, the following tips can improve your chances for swift home sale.

Saturday, 01 September 2012 00:00

Hurricane Isaac may cause real estate problems

real estate problemsYes - rain is coming to Springfield Il. Lots of rain. NOW is the time to check your sump pump to make sure it's operational. With the dry summer, it's very likely your pump hasn't run in a long while and it could be stuck or "frozen" up. You don’t want to lose a home sale because of a wet basement. Even if your home owner's insurance covers sump failure, why risk it? And now would also be a good time to call your insurance agent to make sure you have protection on your home owner's policy for that type of problem. Don't let Hurricane Isaac cause you any Real Estate problems!

According to the Capital Area Association of Realtors, it seems as though the real estate market in the Springfield, IL area is improving. Springfield, IL has seen 7 consecutive months of increased home sales and according to CAAR, more increased sales are on the horizon. May, 2012 has seen a 27% increase in pending home sales over the same time period in 2011, thus solidifying the prediction that the current market is improving.

The Buyer/Borrower:

real estate turbulence

1. Does not tell the truth on the loan application.
2. Submits incorrect information to the lender.
3. Has recent late payments on credit report.
4. Found out about additional debt after loan application.
5. Borrower loses job.
6. Co-borrower loses job.
7. Income verification lower than what was stated on loan application.
8. Overtime income not allowed by underwriter for qualifying.
9. Applicant makes large purchase on credit before closing.
10. Illness, injury, divorce or other financial setback during escrow.
11. Lacks motivation.
12. Gift donor changes mind.
13. Cannot locate divorce decree.
14. Cannot locate petition or discharge of bankruptcy.
15. Cannot locate tax returns.
16. Cannot locate bank statements.
17. Difficulty in obtaining verification of rent.
18. Interest rate increases and borrower no longer qualifies.
19. Loan program changes with higher rates, points and fees.
20. Child support not disclosed on application.
21. Borrower is a foreign national.
22. Bankruptcy within the last 2 years.
23. Mortgage payment is double the previous housing payment.
24. Borrower/co-borrower does not have steady 2-year employment history.
25. Borrower brings in handwritten pay stubs.
26. Borrower switches to job requiring probation period just before closing.
27. Borrower switches to job from salary to 100% commission income.
28. Borrower/co-borrower/seller dies.
29. Family members or friends do not like the homebuyer chooses.
30. Buyer is too picky about property in price range they can afford.
31. Buyer feels the house is misrepresented.
32. Veterans DD214 form not available.
33. Buyer has spent money needed for down payment and closing costs and comes up short at closing.
34. Buyer does not properly "paper trail" additional money that comes from gifts, loans, etc.
35. Does not bring cashier’s check to Title Company for closing costs and down payment

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