Northern Illinois Real Estate Videos & Market Updates
Get straightforward real estate advice, housing market updates and local insights from The Kombrink Team. Our Northern Illinois real estate videos cover home buying, selling, home prices, mortgage rates, home equity and current market conditions throughout Geneva, St. Charles, Batavia, Aurora, Elgin, Naperville and communities across Kane and DuPage Counties.
Whether you're planning a move or simply keeping an eye on the market, browse the latest videos below or choose a topic to get started.
Selling Your Home? New Construction Is Your Real Competition
Selling your home? Your toughest competition might not be the house down the street. It might be the one that was finished last month. When mortgage rates are high, buyers shop the monthly payment, not just the price tag. Builders know it, which is why so many new construction listings are advertising reduced rates right now. And it's working. New home sales are holding steady while existing home sales lag behind. Here's the good news: builders aren't the only ones with options. Sellers can cover closing costs, offer a rate buydown, handle repairs, negotiate on price, or throw in a few extras to make their home the easier yes. The Kombrink Team helps Fox Valley sellers see exactly what buyers are getting from other homes nearby, new construction included, so your house is priced and positioned to compete.
If you’re planning to sell, there’s a piece of your competition you may not be thinking about: new construction.
Because when mortgage rates are high, buyers aren’t just looking at the price of a home. They’re looking at the monthly payment. And builders know that. Right now, nearly fourteen-percent of new build listings are advertising reduced rates to help make that payment more affordable. And it’s working.
New home sales are holding at twenty-nineteen levels. Existing home sales? They’re lagging behind. But here’s what sellers should know: builders aren’t the only ones with options.
Sure, you could consider offering a buydown yourself. But you could also cover closing costs, make repairs, negotiate on price, or throw in extras of your own.
The important thing is that you know buyers are feeling the squeeze and you’re aware of their other options.
If you're thinking about selling, reach out to The Kombrink Team and let's look at what buyers are getting from other homes in our area – including new construction – and make sure your house is positioned to compete.