Now that you’ve decided to buy a home and are ready to make it happen, it’s a good idea to plan ahead for the costs that are a typical part of the homebuying process. And while your down payment is probably the number one expense on your mind, don't forget about closing costs. Here’s what you need to know.

What Are Closing Costs?

Simply put, your closing costs are the additional fees and payments you have to make at closing. And while they’ll vary based on the price of the home and how it’s being financed, every buyer has these, so they shouldn’t be a surprise. It’s just that some people forget to budget for them. According to Freddie Mac, this part of the homebuying process typically includes: 

  • Application fees
  • Credit report fees
  • Loan…

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In today's fast-paced real estate market, having access to the most up-to-date information is crucial for homeowners and prospective buyers alike. If you're planning to sell your home or buy a property in Bloomingdale, Illinois, understanding the current market conditions can help you make informed decisions. In this Bloomingdale Real Estate Market Update for September 2024, we break down the key metrics and trends shaping the market, offering valuable insights to help you navigate this competitive landscape.

Bloomingdale, a beautiful suburban community located in DuPage County, continues to attract buyers with its charming neighborhoods, excellent schools, and convenient proximity to the city of Chicago. As of September 2024, the market in…

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When it comes to the real estate market, staying informed about the latest trends can make all the difference. Whether you’re planning to sell your home for top dollar or looking for the perfect property to buy, understanding the current market conditions is essential. This month, we bring you the Batavia, Illinois Real Estate Market Update for September 2024, highlighting the most crucial statistics and insights that every buyer and seller should know.

Batavia, a charming city nestled along the Fox River in Illinois, has seen considerable activity in its housing market over the past several months. With a thriving community and strong demand for homes, the September update offers exciting news for both buyers and sellers. Let’s dive into the…

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The Kombrink Team at One Source Realty is thrilled to bring you exciting news from the Bartlett, Illinois real estate market. As your go-to REALTOR®s in the area, we’ve been keeping a close eye on the local housing trends, and right now, it’s nothing short of extraordinary. Whether you’re thinking about buying or selling, September 2024 is proving to be the perfect time to make your move.

In this post, we’ll dive into all the key stats and trends that are shaping the Bartlett market this month. From low inventory to rising prices, homes in Bartlett are selling faster than ever—and sellers are getting exactly what they ask for, if not more!

So let’s break down what this means for buyers, sellers, and everyone interested in real estate in…

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The Aurora real estate market continues to heat up as we move into September 2024. Whether you’re a buyer seeking your dream home or a seller ready to make a lucrative move, Aurora’s housing market offers fantastic opportunities. This month’s market update gives you a comprehensive look at current conditions, from inventory levels to home prices, helping you make informed decisions in this fast-paced market.

In this post, we’ll break down key metrics such as the months of inventory, list-to-sold price percentage, median days on market, and median sold price. These factors are critical for anyone considering buying or selling a home in Aurora right now. Let’s dive into the details and see what’s driving the real estate buzz this month.

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If you’re wondering what’s going on with home prices lately, you’re definitely not the only one. With so much information out there, it can be hard to figure out your next move.

As a buyer, you might be worried about paying more than you should. And if you're thinking of selling, you might be concerned about not getting the price you're aiming for. 

So, here's a quick breakdown to help clear things up and show you what’s really happening with prices—whether you're thinking about buying or selling. 

Home Price Growth Is Slowing, but Prices Aren’t Falling Nationally

Throughout the country, home price appreciation is moderating. What that means is, prices are still going up, but they're not rising as quickly as they were in recent years. The…

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900 N Oak Creek Dr, Genoa, IL

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$ CLICK FOR CURRENT PRICE 3 BEDROOMS 2 BATHROOMS

Welcome to 900 N Oak Creek Dr, a charming 3BR/1.5BA end-unit townhome nestled in the desirable Oak Creek Estates neighborhood of Genoa. This home sits on a beautifully landscaped, fenced corner lot with brick and vinyl exterior, offering both curb appeal and functionality. The 2-car attached garage provides convenience and ample storage. Step inside to find a bright and airy interior with neutral decor, white trim detail, and luxury vinyl plank flooring. The cozy living room features a gas log fireplace, perfect for…

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Since the supply of homes for sale is growing and mortgage rates are coming down, you may be thinking it’s finally your moment to jump into the market. To make sure you’re ready, you need to get pre-approved for a mortgage.

That’s when a lender looks at your finances, including things like your W-2, tax returns, credit score, and bank statements, to figure out what they’re willing to loan you. After that process, you’ll get a pre-approval letter to show what you can borrow. Here are two reasons why this is essential in today’s market.

Pre-Approval Helps You Know Your Numbers

While home affordability is finally starting to show signs of improving, it’s still tight. So, it’s a good idea to talk to a lender about your loan options and how today’s…

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932 S Batavia Ave, Geneva, IL

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$ CLICK FOR CURRENT PRICE 5 BEDROOMS 4 BATHROOMS 0.42 acres Lot

Welcome to 932 S Batavia Ave, a stunning 5BR/3.5BA three-story home nestled on a large in-town lot in the heart of Geneva, Illinois. This beautifully landscaped and fenced property offers a perfect combination of charm and convenience, all within walking distance to the train, downtown, and the scenic Fox River. The outdoor space is an entertainer's dream, featuring paver walkways, a front patio, a backyard flagstone patio with a firepit, and a large inground pool, perfect for relaxing and…

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There are a number of reasons you may be thinking about selling your house. And as you weigh your options, you may find you’re unsure how you’re going to deal with one thing about today’s housing market – and that’s affordability. If that’s your biggest concern, understanding how much equity you have in your house could help make your decision that much easier. Here are two key factors that have a big impact on your equity.

How Long You’ve Been in Your Home

First up is homeowner tenure. That’s how long homeowners live in a house, on average, before selling or choosing to move. From 1985 to 2009, the average length of time homeowners stayed put was roughly six years. 

But according to the National Association of Realtors (NAR), that number has…

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