Top 10 Things NOT To Do When Getting A Naperville Home Loan

naperville financing mistakes

If you’re buying a house in Naperville and you’re trying to get a home loan, the time between when your offer is accepted and when you close is extremely important.  That’s because there are a gazillion things that can go wrong to derail your home purchase.

As a buyer, your main responsibility is to make sure your loan gets approved.  So, here are the top 10 things NOT to do if you’re trying to get financing.

Don’t Change Jobs

Changing jobs creates instability.  Don’t switch employers.  And definitely don’t quit or suddenly become self-employed [Read more…]

Naperville Real Estate Transfer Tax Stamp: What, How, Why

naperville real estate transfer tax

What Is A Tax Stamp?

When a residential home is bought and sold, taxes are due on transferring ownership of that property.  These taxes are called real estate transfer taxes and generally knows as “stamps.”

You’ve got taxes at the state and county levels and often at the city level, including Naperville.

Who Pays For Naperville Tax Stamps?

[Read more…]

The Best Website To Search Homes For Sale Naperville IL (and how to get it)

use listingbook for the best naperville home search

In my opinion as a real estate agent, the best website to search for homes for sale in Naperville isn’t one of those big “popular” sites you see advertised on TV. You may have already seen a house you like from someone like MLS properties, but there are many other places where you could find the house of your dreams.

Instead, if you really want to use the most comprehensive, accurate, and easy-to-use site available, you should be using ListingBook.

Below are just some of the reasons why it’s way better than those other sites you’ve probably heard of.

What Is ListingBook & Why Haven’t I Heard Of It?

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When Is The Best Time To Buy A House In Naperville?

best time to buy a home in naperville

Ultimately, the best time to buy a house is when you can comfortably afford the home you love the most.

I know, I know…what you’re probably wondering is “but is there a best time of year to buy?”

Personally, I don’t think there’s one best time of year for home buyers, but there are certainly pros and cons to the seasonality of the real estate cycle.  Here they are:

[Read more…]

Naperville Housing Prices, Trends – September 2013 Market Report

Here is the Naperville real estate report for September, 2013.

This September was an improvement from last year.  Overall, there were 14.7% more listings, 16.4% more sales, and 15.2% fewer homes on the market as compared to 12 months ago.

This continues to be good news for the Naperville housing market.

naperville housing market stats for september 2013naperville detached home statistics september 2013naperville attached home statistics september 2013

Naperville Home Sale Prices

Single-family home sales prices rose slightly by a little less than 1%.  The average price was $423,688.  Detached homes made a larger increase at 12.8% to raise the average to $193,745.  Luxury home prices have dropped as compared to last September while all other price ranges have remained stable. [Read more…]

Naperville Home Prices, Trends – August 2013 Market Report

Here is the Naperville real estate report for August, 2013.  This month continues to outpace the year-ago period.  As compared to last August across all home types, there were 30.7% more listings, 33.3% more closed sales, and 14.9% less inventory available.

Fewer homes + more demand = higher prices, as we see below.

August 2013 housing statistics for naperville real estate naperville detached home stats summary august 2013 naperville attached home stats summary august 2013 [Read more…]

The Best And Only Home Search Tool You Need

home for saleHOME BUYERS REJOICE!  This is absolutely the best and only home search tool you need.  And, IT’S FREE! [Read more…]

How Mortgage Rates Affect Buying A Naperville Home Today

The Naperville real estate market is getting better.  It’s definitely on the way back up.

If you’re thinking of buying a home in Naperville, it’s a good time to buy right now.  Tomorrow, it might not be as good.  Here’s why.

naperville real estate and mortgages

[Read more…]

Is Buying A Short Sale Home In Naperville A Better Deal?

short sale better deal

With the housing market we’ve had over the last decade, we’ve seen home prices rise and then drop extremely quickly.  This has brought about the phenomenon of the “short sale”.  Although a short sale is nothing new to a bank, it’s only recently entered the minds of many home buying consumers because the burst in the housing bubble has made this term common place in the media.

But is buying a short sale home in Naperville a better deal than buying a non-short sale? [Read more…]

Naperville Housing Market; Prices, Sales – April 2013

The Naperville housing market is doing well for both buyers and sellers.  Let’s look at the April 2013 stats for single family homes and then compare them to a year ago.

Housing Statistics naperville homes listed april 2013

In April 2013, there were 269 homes that were listed for sale in Naperville.  That’s a 16% increase over the 232 homes listed in April 2012. [Read more…]