Rockford, IL Real Estate property values, the numbers for 2012.
http://www.rrstar.com/blogs/alexgary/x776190623/Tax-bills-show-how-much-property-values-plunged-in-2012
Showing posts with label rockford homes. Show all posts
Showing posts with label rockford homes. Show all posts
Friday, May 17, 2013
Friday, March 1, 2013
Not All Rockford, IL Home Search Websites Are Created Equal
Received a call yesterday from yet another Rockford Real Estate buyer interested in one of my listings. She had found the home on one of the "Big" website property search sites. "Please don't tell me that the home already has an offer, I keep being told this by agents that I call", Unfortunately, this was the case. Here is why all property website searches are not the same.
Here is one of my office listings. It is a short sale of which the seller is willing to entertain back up offers.
Here is how it appears on Trulia. No indication of an offer.
Here is how it appears on a competitor brokerage site. No indication of offer.
Here is how it appears on yet another home search site. No indication of offer.
Here is how it appears on another competitor website. No indication of offer.
Here is how it appears on MY website. Shows you that the property does have a "Pending" offer.
Please, if you want the most accurate information on properties create an account in Rockford Real Estate Data is updated every 24 hours and will show you if the home has pending offers.
Here is one of my office listings. It is a short sale of which the seller is willing to entertain back up offers.
Here is how it appears on Trulia. No indication of an offer.
Here is how it appears on MY website. Shows you that the property does have a "Pending" offer.
Please, if you want the most accurate information on properties create an account in Rockford Real Estate Data is updated every 24 hours and will show you if the home has pending offers.
Thursday, January 10, 2013
Wednesday, January 9, 2013
Tuesday, January 8, 2013
Sunday, December 23, 2012
Rockford Real Estate Sold Prices Vs Listings Sold 2012
Rockford Area Real Estate Sold Prices Vs. Listings Sold January 1,2012-December 22,2012
Data via Rockford MLS (RAAR)
Find More Information at Rockford Real Estate
Wednesday, November 14, 2012
I Am Not Paying More Than List Price For A Home!
Sounds crazy right?
As a buyer you have taken all the right steps to purchase a home in this down market. Interviewed
lenders, agents, and have your pre-approval in hand and decide to write an offer on a short sale of which you know to be a great deal financially. You offer the listing price and think you are sure to get the home because " I'm giving the seller and bank the list price".
The home is priced well below any foreclosure that has even sold in that area.
You and the seller agree on the contract. Earnest money has been deposited, inspections are done, attorney has approved the contract. Then you wait for the bank to respond....
and wait, and wait, and wait, and wait.
Your agent finally calls with great news, the bank has come back with a counter offer. It's higher than what the property is listed for. What?! How can this happen? You offered list price! This is outragious, you are furious and tell your agent/attorney you reject the banks counter offer and want out.
Just hold on.....
Banks very seldom set the list price on a short sale. If the bank has, it is in the description for the listing with "price pre-approved by lender" ( or something to that effect ) in the language. More than likely, the seller and agent have come up with the list price.
Banks, upon receipt of a short sale contract, will order a BPO ( Brokers Price Opinion ) or an Appraisal. They will be aware of the area comparables within a one mile radius that have sold in the last six months.
If you are looking to buy a short sale, have your agent show you the recent sale of similiar properties. If the home is well below any current solds, plan on being countered higher than the list price.
Just because the short sale property is listed at a certain price does not mean that is the price for the home.
What if the bank counters back higher than any comparable solds in the last six months within the one mile radius? That issue will be coming in another blog post.
As a buyer you have taken all the right steps to purchase a home in this down market. Interviewed
lenders, agents, and have your pre-approval in hand and decide to write an offer on a short sale of which you know to be a great deal financially. You offer the listing price and think you are sure to get the home because " I'm giving the seller and bank the list price".
The home is priced well below any foreclosure that has even sold in that area.
You and the seller agree on the contract. Earnest money has been deposited, inspections are done, attorney has approved the contract. Then you wait for the bank to respond....
and wait, and wait, and wait, and wait.
Your agent finally calls with great news, the bank has come back with a counter offer. It's higher than what the property is listed for. What?! How can this happen? You offered list price! This is outragious, you are furious and tell your agent/attorney you reject the banks counter offer and want out.
Just hold on.....
Banks very seldom set the list price on a short sale. If the bank has, it is in the description for the listing with "price pre-approved by lender" ( or something to that effect ) in the language. More than likely, the seller and agent have come up with the list price.
Banks, upon receipt of a short sale contract, will order a BPO ( Brokers Price Opinion ) or an Appraisal. They will be aware of the area comparables within a one mile radius that have sold in the last six months.
If you are looking to buy a short sale, have your agent show you the recent sale of similiar properties. If the home is well below any current solds, plan on being countered higher than the list price.
Just because the short sale property is listed at a certain price does not mean that is the price for the home.
What if the bank counters back higher than any comparable solds in the last six months within the one mile radius? That issue will be coming in another blog post.
Sunday, June 24, 2012
Rockford IL Luxury Home Market is HOT!
Luxury homes in Rockford, IL are hot, hot, hot!
Five homes listed since May 1, 2012 have already received accepted contracts.
In Loves Park, IL? Five
In Caledonia, IL? Two homes with an average list price of 485,000 were only on the market for seven days. SEVEN DAYS!
I have buyers
If you are looking to
Contact me today to set up an appointment so I can assist with your next move. Could happen sooner than you think!
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