October 2011

Found 4 blog entries for October 2011.

A buyer recently sent me a list of Palos Park homes she wanted to view. When I started setting up appointments I was told that one of the homes just accepted an Palos Park home soldoffer  and there would be no further showings. I relayed this to my buyer, who was very upset because it was the top choice on her list.

This is a buyer who has been viewing properties online for a long time. They just started actually going out and viewing homes, although they are not in a hurry. I have seen this happening with buyers more this and last year than ever before. These buyers are looking for homes part-time. Some go out once a month, some a little more and some even less.

When you're sporadically looking for homes you can miss the best deals. Even in a slow buyer's market in

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I recently shared 1st half of 2011 sales activity for only 4 neighboring towns and decided to add more towns in my service area. The table below will show sales activity for the 1st half of 2011 for single family Homer Glen homes, Lemont, Lockport, Mokena, New Lenox, Orland Hills, Orland Park and Palos Park.

# of Houses Sold Average Sale Price
Town Sold YRD Sold YRD YOY Avg Price Avg Price YOY
  2011 2010 % Chg 2011 2010 % Chg
Homer Glen 68 81 -16.1% $321,950 $334,765 -3.8%
Lemont 55 58 -5.2% $383,940 $368,418 4.2%
Lockport 86 134 -35.8% $176,621 $202,241 -12.7%
Mokena 58 55 5.5%
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Save Money on A Home Purchase With a VA Home Loan

va home loanHome loans are presently at an all-time low. Currently, lenders are able to issue new purchase, refinance and FHA loans at rates that were previously unheard of. These rates are a result of the economic crash and housing market crash of 2008, and allow first-time homeowners, veterans and everybody else to purchase or refinance a home at prices and rates that have never before been seen.

While this is great news for those who are currently looking for a new home, home buying gets even better for those who have worked in the Armed Forces and have served to protect our country and its freedom. Those who have been in the Armed Forces are eligible to receive a VA Home Loan. This is a special loan that

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The chart below will show market activity for single family homes for Homer Glen, Lemont, Orland Park and Palos Park for the first half of 2011.

Village # of Sales 2011 # of Sales 2010 % Change Avg. Price 2011 Avg. Price 2010 % Change
Homer Glen 68 81 -16.1% $321,950 $334,765 -3.8%
Lemont 55 58 -5.2% $383,940 $368,416 4.2%
Orland Park 126 151 -8.3% $317,157 $345,934 -8.3%
Palos Park 17 27 -37% $320,558 $369,345 -13.2%

Every town has shown a decrease in homes sold. Palos Park has been hit the hardest with a large 37% decrease in the sale of Palos Park homes. Palos Park showed the only double digit price decrease of these

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