When you decide to buy your first home, you may come across a number of terms and conditions you’re not familiar with. While you may have a general idea of what an inspection is, maybe you’re not sure why you need one or how it’s different from an appraisal. To keep it simple, here’s an explainer of each one and what they mean for you as a homebuyer.

Home Inspection

Once you’re under contract on a home you’d like to buy, getting an inspection is a key part of the process. An inspection gives you a clear idea of the safety and overall condition of the home – which is important for such a big transaction. As a recent Realtor.com article explains:

“A home inspection is something that protects your financial interest in what will likely be the…

327 Views, 0 Comments

39W155 S Hyde Park, Geneva, IL

Click here to Get Directions
  • Photos
  • Maps & Local
  • Schools
  • Print
$ CLICK FOR CURRENT PRICE 4 BEDROOMS 3 BATHROOMS 0.27 acres Lot

Discover the perfect blend of modern elegance and family-friendly comfort at 39W155 S Hyde Park in Mill Creek, Geneva. This stunning Chapman IV model boasts 4 spacious bedrooms and 2.5 baths, featuring vaulted and two-story ceilings that create a bright, airy ambiance throughout. Newly installed engineered hardwood and laminate flooring enhance the open floor plan and contemporary neutral decor. The home is beautifully updated with new stairs, railings, and light fixtures. The two-story…

319 Views, 0 Comments

300 N Larch Ave, Elmhurst, IL

Click here to Get Directions
  • Photos
  • Maps & Local
  • Schools
  • Print
$ CLICK FOR CURRENT PRICE 4 BEDROOMS 2 BATHROOMS 0.28 acres Lot

Discover the endless possibilities at 300 N Larch Ave, Elmhurst! This charming all-brick, two-story home sits on an oversized lot in a prime location on a picturesque tree-lined street, surrounded by newly built homes. Enjoy the convenience of being close to parks, shopping, dining, entertainment, the interstate, and the Metra train. With mature landscaping, a carport, and a circular drive, the property exudes curb appeal. Relax on the inviting front porch or the 2nd-floor balcony. Inside,…

477 Views, 0 Comments

Should you buy a home now or should you wait? That’s a big question on many people’s minds today. And while what timing is right for you will depend on a lot of other personal factors, here’s something you may not have considered.

If you’re able to buy at today’s rates and prices, it may be better to focus on time in the market, rather than timing the market.

The Downside of Trying To Time the Market 

Trying to time the market isn’t a good strategy because things can change. Here’s an example. For the better part of this year, projections have said mortgage rates will come down. And while experts agree that’s still what’s ahead, shifts in various market and economic factors have pushed back the timing of when that’ll happen. Here’s how that’s…

373 Views, 0 Comments

Today, we’re diving into the best real estate markets in Illinois for 2024. Whether you’re looking to buy or sell a home, these hotspots are where you’ll want to focus your attention.

1. Naperville: A Perennial Favorite

Consistently ranked as one of the best places to live in the U.S., Naperville offers a charming downtown area, top-rated schools, and a variety of housing options, from historic homes to new developments. Its robust job market and convenient access to Chicago make it an ideal location for both commuting professionals and growing families.

Why Naperville?

  • Top-Rated Schools: Naperville's schools are among the best in the state, attracting families who prioritize education.
  • Diverse Housing Options: From historic charm…

1544 Views, 0 Comments

Hey everyone, I'm Nick Kein, your local REALTOR® here in Bartlett, Illinois. Today, I'm excited to bring you a comprehensive market update for June 2024. Let’s dive into the numbers and see what’s happening in our local real estate market.

Inventory Levels

Currently, Bartlett has a 1.53 Months Supply of Inventory. This statistic is crucial as it indicates the number of months it would take to sell all current listings if no new homes were added to the market. With just over a month and a half of inventory, we are experiencing a seller's market. The low inventory means high competition among buyers, which often leads to quicker sales and higher prices.

Bartlett IL Real Estate Market Update June 2024 Months Supply of Housing Inventory

List to Sold Price Percentage

The List to Sold Price percentage is a robust 102.8%.…

1319 Views, 0 Comments

You want your house to sell fast. And you may be wondering how long the whole process is going to take. One way to get your answer? Work with a local real estate agent.

They have the expertise to tell you how quickly homes are selling in your area and what’s impacting timelines for other sellers. That way you have realistic expectations and can work together to come up with a plan that’s based on today’s market.

Here’s a high-level overview of just one of the factors a great agent will walk you through – the supply of homes for sale and how that impacts your process.

The Growing Supply of Homes for Sale

Over the past few months, the number of homes for sale has increased. This is good news when you move because it means you’ll have more…

405 Views, 0 Comments

Today, we're going to be talking about what it's REALLY like living in Batavia, IL. From the charming neighborhoods to the bustling downtown area, Batavia has so much to offer. So, if you're thinking about making the move to Batavia or just curious about what this town is all about, keep reading!

Picturesque Homes and Tight-Knit Community

Batavia, IL is known for its picturesque homes and tight-knit community. The historic architecture mixed with modern amenities makes this town a truly unique place to live. Whether you're looking for a cozy cottage or a spacious family home, there are plenty of houses for sale in Batavia to choose from. From quaint bungalows to luxurious estates, there's something for everyone in this one-of-a-kind town.

1867 Views, 0 Comments

Hey there, everyone! Miles Tischhauser with The Kombrink Team at One Source Realty here, your friendly neighborhood REALTOR® with some exciting updates for you all. Today, we're diving into the current market trends here in DeKalb, Illinois.

Months Supply of Inventory

Let's start with the numbers, shall we? Right now, we're looking at a 1.63 Months Supply of Inventory in DeKalb. Over the last 12 months, we've seen a positive trend with a 3% increase in the Months Supply of Inventory. This increase is encouraging as it indicates a slightly growing inventory, providing more options for buyers while still maintaining a competitive edge for sellers.

Dekalb IL Real Estate Market June 2024 Months Supply of Housing Inventory

Implications for Buyers and Sellers

What does this mean for you as a buyer or seller?…

1061 Views, 0 Comments

Hey there, everyone! The Kombrink Team at One Source Realty here, your go-to REALTOR® team in Aurora, Illinois. Today, we're excited to bring you a market update for June 2024. Whether you're a buyer or seller, this information is crucial for making informed decisions in the Aurora real estate market. Let's dive right in!

Months Supply of Inventory

Currently, Aurora has a super low 0.95 Months Supply of Inventory. That means we're in a competitive market with limited options for buyers. This scarcity of homes available for sale creates a challenging environment for buyers, who may find themselves in bidding wars, while sellers can enjoy the advantage of higher demand.

Aurora IL Real Estate Market June 2024 Months Supply of Housing Inventory

List to Sold Price Percentage

Next up, let's talk about the List…

1195 Views, 0 Comments