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Home Field Realtors in Naperville Illinois is offering a Springtime Special of 1% Listing Commission!

Not only is our compelling Full Service Listing Commission of 1.5% garnering attention in the Naperville Real Estate market, Home Field Realtors has a new incentive to get people off the fence about selling their home this Spring.  All new listing clients of Home Field Realtors  http://www.homefieldrealtors.com/home-field-team-home-selling-program/ receive a 1 % Listing Fee if their home sells within the first sixty days! 

If you have Naperville Illinois Homes for Sale, keep our incentive in mind when you are considering new representation.  Home Field Realtors is tops in Naperville Real Estate and we will make sure your home stands out compared to other Illinois Homes for Sale. 

Visit www.HomeFieldRealtors.com to learn more or email us at Info@HomeFieldRealtors.com

The IRS just announced their first successful prosecution for fraud involving the First Time Home Buyer Credit program.  There is a growing number of people who think they can claim the $8,000 credit on their tax return even though they are not eligable.  What these people probably don’t know is that the IRS has several sophisticated software programs to help detect fraud such as this on personal income tax returns. 

It’s always best to consult a tax professional when it comes time to prepare your tax return.  Home Field Realtors can refer you to several capable tax professionals, just ask!

As always, be sure to visit www.HomeFieldRealtors.com for up to minute Multiple Listing Service Home Search for Naperville Homes for Sale and Chicago Western Suburbs Real Estate… http://www.homefieldrealtors.com/realestate/mlssearch/

Home Field Realtors

The Illinois housing market posted numbers in July 2009 with home sales about even with the same period 2008.  Further, there has been six straight months of of month-to-month increases in the state of Illinois.

Statewide total home sales in July 2009 was 11, 407 compared to 11, 417 in July 2008.

Of particular importance, though home units have increased month-to-month, home prices are relatively flat.  The Illinois median price in July 2009 was $169,000, up 1.2% from June 2009 and down 13.8% from July 2008.  

Distressed sales, Foreclosures, Short Sales and REO (bank owned homes) accounted for 31-33% of home sales.

Visit www.HomeFieldRealtors.com

With homes sales lagging its a heck of a lot easier in todays market to submit a low ball offer to see if it sticks…it’s the old “throw a string of spaghetti on the wall and see if it stick” philosophy…well, you will risk alienating and insulting the sellers with a poorly constructed offer so it’s still important to be smart about your offer – especially when purchasing Naperville Homes for Sale or Chicago Western Suburbs Homes for Sale…here are a couple of tips to prepare youself for negotiation:

A. Be careful with Foreclosure comps: Some of these homes were badly run down

B.  Short Sale due diligence: If there were no other liens on the property except for the primary lien, then the lender had more wiggle room with the price…

And if you are a seller, keep in mind that appraisers are including foreclosures and short sales in their appraisal reports due to the fact that there are so many distressed properties…they have no other choice but to account for that fact in their findings…

For more information on Naperville Foreclosures click here http://www.homefieldrealtors.com/foreclosure-naperville/ or Naperville Short Sales click here http://www.homefieldrealtors.com/short-sale-naperville/, go to www.HomeFieldRealtors.com

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Listing courtesy of Home Field Realtors Llc

Sellers Beware! 

Price your home right and you will have a fair chance to sell your home in this sluggish housing market we are currently in…there are buyers out there willing to pay fair market value.  There may even be buyers out there that will (unknowingly) agree to pay OVER market value for a home in todays market.  While this does happen from time to time, most of these buyers are working without the expert advice and negotiation savvy of a professional Buyers Agent who works on their behalf (and is compensated by the seller, NOT the buyer).

Here is the problem…In either case, whether you think you got a great deal on the sell price of your home or not, once you as a Seller agree to a sales price the buyers loan approval and underwriting process begins…with a bank appraisal of the property you are selling.  The lender orders the appraisal from a list of appraisers they contract with in the local markets they operate.  The appraiser will measure the property, account for upgrades, compare recent sales and plenty more calculations all in an effort to arrive at a Fair Market Value as of the date of the apppraisal. 

Guess what?  If the appraised value of your home is LOWER then the sell price you agreed with your buyer, the buyers lender most likely will not fund the deal and your home will not be sold to them.  The buyer will likely ask you to reduce your sales price to the appraised price or they will walk from the deal.  Further, most other appraisers will arrive at a similar price so even if you feel that you can sell to someone else at a higher price, their appraiser will likely squash that deal too.

The solution?  Get real on your asking price.  Ask yourself why you are selling your home?  Do you really want out or are just testing the market?  Friends, this market is not about testing, if you want to sell your home then price your home accordingly and hire a full service broker who will market the home well.  It will save you lots of time and aggrevation. 

Visit www.HomeFieldRealtors.com to learn all about our Home Selling System and Full Service Marketing Platform…

Good Selling!

This property could be a good candidate for many buyers who are looking for value, close to town/train ammenities and move in condition.  New to the market, this home boasts many features that apppeal to Naperville First Time Home Buyers http://www.homefieldrealtors.com/first-time-home-buyer/ and Chicago Western Suburb First Time Home Buyers. 

Check out the FHA loans that are out there…if you have 3-1/2% for a downpayment then you could own this home and then also utilize the First Time Home Buyer Tax Incentive and receive up to $8,000 back at tax time or use those funds to pay for your closing costs!!!

Call Home Field Realtors to help you find your dream home or to answer questions for First Time Home Buyers and the First Time Home Buyer Tax Incentive at 630-303-6593 or Info@HomeFieldRealtors.com

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For those of you who are considering making a purchase in Naperville Real Estate and are looking for the following:

• Affordable, Move in Ready!
• Naperville Schools
• Close to Downtown Naperville!!!
• Garden Space and Full Workshop
• Top Naperville Area Employment
• Easy Access to Major Interstates
• Naperville Dining and Entertainment

• Endless Opportunities with the World Class Naperville Park District

Then consider this home currently listed for sale with Home Field Realtors!  http://www.homefieldrealtors.com/realestate/detailview/23//07194780

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Visit www.HomeFieldRealtors.com to learn more!

Home Field Realtors, Naperville IL

5 Good Reasons Why Its a Great Time to Buy!

If you are on the fence as to whether you should or should not buy this Spring or Summer then read on my friends!

1. Historic LOW Mortgage Rates!!!  Not only are rates incredibly low, your rent is bound to go up at some point.  Buy now and lock in your home mortgage rate for years to come…

2. When Prices Come Back (and they will), You Will Have Instant Equity!

3. Leverage Your Investment…the cash you have tied up in non-performing assets can do a lot better in real estate.  Say for instance, a 10% return on $25,000 in an investment fund equates to $2,500 profit…a 10% return on a $300,000 house is a $30,000 profit!  

4. Historically, more and more housing is created and needed each year in the US…this means that the inventory will tighten.

5. Plenty of Government help!  The Obama Administration created an $8,000 First Time Home Buyer Tax Credit so if you have not owned a home in the last 3 years you will most likely qualify…take advantage now, the incentive runs out at the close of 2009.

Visit www.HomeFieldRealtors.com to learn more…

The 2008 Top 5 Highest Home Appreciation Markets Are:

1. Cedar Rapids, IA  8.8%

2. Amsterdam, NY  7.8% 

3. Binghamton, NY  7.7%

4. Malone, NY  7.6%

5. Bay City, MI  6.8%

Are you surprised by the results?  Let us know what you think!

Visit www.HomeFieldRealtors.com