Found 255 blog entries tagged as For Sellers.

Hey Wheaton neighbors and future residents! We’re excited to bring you some vital market updates that could significantly influence your buying or selling decisions in today’s dynamic real estate environment.


Current Market Overview

The local real estate scene is tighter than ever, with the Months Supply of Inventory (MSI) now at a mere 0.46 months. To put it into perspective, that's a dramatic 75.14% drop from last year. This significant decrease means we are in a seller's market, so if you're contemplating listing your home, it's an excellent time to do so. For sellers, this could be your golden ticket to a profitable sale as demand outstrips supply.

What Buyers Should Know

For buyers, the heat is on! With homes selling for an…

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Are you on a quest to find the perfect home in Elgin, IL? Your search ends here! At The Kombrink Team, we're not just realtors; we're your dedicated partners in navigating the real estate market. With over 30 years of experience under our belt, we are proud to offer you exceptional real estate services that are a cut above the rest.


Family-Owned, Client-Approved

As a family-owned and operated business, The Kombrink Team values relationships. Our clients are like family, and we believe in treating each one with the respect and dedication they deserve. It's not just about transactions for us; it's about building lasting relationships and ensuring that you feel supported throughout your home buying…

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Hello everyone, I'm Miles Tischhauser with The Kombrink Team, your dedicated local REALTOR® in Sycamore, Illinois. Today, I'm excited to share with you our real estate market update for April 2024. Whether you're planning to buy or sell a home in our area, staying informed is key to making the best decisions. Here's what you need to know about the current market trends in Sycamore.


Current Market Overview

The current Months Supply of Inventory (MSI) in Sycamore stands at 1.74. This figure indicates that if no new homes were listed, it would take just under two months to sell all the homes currently on the market. Compared to last year, the MSI has increased by almost 29%, suggesting a slight shift toward a more balanced market between buyers…

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If you’ve got a move on your mind, you may be wondering whether you should wait to sell until mortgage rates come down before you spring into action. Here’s some information that could help answer that question for you.

In the housing market, there’s a longstanding relationship between mortgage rates and buyer demand. Typically, the higher rates are, you’ll see lower buyer demand. That’s because some people who want to move will be hesitant to take on a higher mortgage rate for their next home. So, they decide to wait it out and put their plans on hold.

But when rates start to come down, things change. It goes from limited or weak demand to good or strong demand. That’s because a big portion of the buyers who sat on the sidelines when rates were…

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In this blog post, we're diving into the DeKalb real estate market's latest statistics for April 2024, offering insights for both buyers and sellers looking to navigate this dynamic landscape.


Current Market Conditions

As of April 2024, DeKalb's real estate market shows promising signs of growth and opportunity. With a 1.1 Months Supply of Inventory, there's been a significant increase of 39.24% over the past year. This uptick in inventory provides more options for buyers searching for their ideal home.

Dekalb IL March 2024 Months Supply of Housing Inventory

Pricing Trends

The market's competitiveness is further highlighted by the List to Sold Price ratio, which stands strong at 101.1%. This indicates that homes are selling at or above their listing price, a trend that benefits…

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a screenshot of a cellphone

Some Highlights

  • If you’re about to retire, or just did, downsizing can be a good way to try to cut down on some of your expenses.
  • Smaller homes typically have lower energy and maintenance costs. Plus, you may have enough equity built up to fuel your move.
  • If you're thinking about moving to a smaller home, let’s go over your goals and look at your options in our local market.

Previously posted at Simplifying The Market.

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Welcome to the world of real estate in Batavia, IL, where finding your dream home becomes a reality with the right guidance. I'm Matt from The Kombrink Team at One Source Realty, and I'm here to share my insights and expertise to help you navigate the local real estate market with ease.


Over Three Decades of Excellence

With a rich experience spanning over 30 years in the real estate industry, my journey is adorned with hundreds of 5-star reviews, a testament to the trust and satisfaction of my clients. My reputation as a sincere, knowledgeable, and trustworthy realtor is something I hold dear. It's not just about selling homes; it's about building relationships and ensuring each client receives top-notch service tailored to their unique…

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When mortgage rates spiked up over the last few years, some homeowners put their plans to move on pause. Maybe you did too because you didn’t want to sell and take on a higher mortgage rate for your next home. But is that still the right strategy for you?

In today’s market, data shows more homeowners are getting used to where rates are and thinking it may be time to move. As Mark Zandi, Chief Economist at Moody’s Analytics, explains:

“Listings are up a bit as life events and job changes are putting increasing pressure on locked-in homeowners to sell their homes. Homeowners may also be slowly coming to the realization that mortgage rates aren’t going back anywhere near the rate on their existing mortgage.”

A recent study from Bank of America sheds…

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Welcome to the bustling world of St Charles, Illinois real estate! I'm Miles Tischhauser from The Kombrink Team at One Source Realty, and I'm thrilled to guide you on your journey to find the perfect home in this charming city. With more than three decades of experience and a vault of glowing 5-star reviews, my team and I have crafted a reputation for sincerity, knowledge, and trustworthiness, which are the cornerstones of our approach to real estate.


Why St Charles, IL is Your Ideal Home Destination

St Charles is not just a place to live; it's a community to be a part of. This city offers a blend of suburban comfort and city conveniences, making it an ideal spot for everyone from first-time homebuyers to those seeking their dream residence.…

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The Batavia, Illinois Real Estate Market in APRIL 2024: A Comprehensive Analysis by The Kombrink Team

Welcome to our latest real estate market update for Batavia, Illinois. I'm Nick Kein, your trusted REALTOR® in Batavia, and I'm here to provide you with a detailed overview of our market as of April 2024. The current landscape shows some fascinating trends that are pivotal for both buyers and sellers in the area.


A Glimpse into Batavia's Inventory: A Competitive Market

One of the most striking aspects of Batavia's real estate market is the current Months Supply of Inventory, sitting at a notably low 0.55. This represents a significant 54.92% decrease over the past year. What does this mean for you? For buyers, the low inventory…

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