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Successfully Use Comparable Sales To Price Your Home!

by The Rullo Team

 

Ready to sell your Fox River Valley home? Congrats! Once you determine you are ready to sell, you need to name your price. You want something that will obviously be profitable for you while also attracting potential buyers. A good way to price your home is with comparable sales. The term comparable sales, or "comps", is used for other homes recently or currently on the market that are similar to your own home. These comps provide you with a good blueprint of your home's value. Check out our helpful tips for you to use comparable sales to price your Fox River Valley home! 

 

Homes That Are Located Nearby: In order to use comparable sales correctly, you need to focus on homes that are located as close to your own home as possible. Look within your subdivision, neighborhood, and school district. However, don't get blinded by their location. Just because a home down the street from you has sold doesn't mean that it's price is relevant for your home. 

 

Homes With Similar Styles: Once you are looking within your own location, focus in on those houses that share similar style characteristics to yours. These characteristics include architectural design, type of construction material, the square footage of the home and size of the lot, the number of bedrooms and bathrooms, etc. 

 

Homes With Similar Amenities and Amenities: Beyond the similarities in style, you want to look for homes that offer the same amenities and recent upgrades as your own since these features affect the value of a home. 

 

Homes That Recently Sold: The housing market is ever changing and prices fluctuate. This means that the price of a home that sold a year ago is no longer relevant for pricing your own home. When using comparable sales to price, never use a sale that occured over 90 days ago. 

 

Listen To Your Realtor: Your experienced real estate agent is an expert in comparable sales. They know the area, understand the current trends in the Fox River Valley market, and have handled many of the recent sales in the area. They will be able to assess the differences between your home and comparable sales to set an appropriate price to sell. 

 

 

 

Find Out The Value Of Your Fox River Valley Home! Find more great Home Selling Tips by following us on FacebookSearch Current Fox River Valley Homes For Sale to find your next dream home!

 

Our Hats Off To The Class Of 2019!

by The Rullo Team

Schools out for summer across the Fox River Valley! Before all students head off for summer vacation, it is time to celebrate all of their academic achievements....especially the Class of 2019! These students are our best and brightest and have helped to strengthen the communities that we live in. Show your support for these incredible young people at these upcoming high school graduation ceremonies!


St. Charles East High School

Commencement Ceremony

Sunday, June 2nd | 11:30 am

Northern Illinois University Convocation Center | 1525 West Lincoln Highway, DeKalb


St. Charles North High School

Commencement Ceremony

Sunday, June 2nd | 3:30 pm

Northern Illinois University Convocation Center | 1525 West Lincoln Highway, DeKalb



We would also like to wish the very best to those who recently graduated from Batavia High School, Geneva Community High School, and ALL the other high schools located throughout our area!



Congratulations to the Class of 2019 on all of your achievements! The Rullo Team wishes you GOOD LUCK on all of your future endeavors!  



The school districts located throughout the Fox River Valley are some of the top ranked districts in the entire state! They are dedicated to academic excellence and provide ample opportunities for extra curricular activities. If you are interested in living within one of these amazing school districts, check out our current Homes for Sale. Give our experienced team a call today or visit our website at http://www.therulloteam.com/.

 

Become A Home Buying Pro By Avoiding These Common Mistakes!

by The Rullo Team

Buying a new home can lead to a lot of excitement and anxiety. All of these emotions can lead to mistakes made by Buyers during the process. If you are on the market for your dream Fox River Valley home this summer, avoid making these mistakes and enjoy life in your new home in no time!

Waiting on Financing. Before you even begin the home search, you should get your financing in order. This allows you to know what you can actually afford and limit your search to just those properties that fit within your price range. You don't want to fall in love with a home just to find out there is no way you can make the financing work.


Not Researching Your Lender. Unfortunately, there are bad lenders out there that offer scams. Do your own research but also ask your real estate agent for recommendations. They will only let you know about credible mortgage providers.


Not Getting Pre-Approval. Some home buyers mistake pre-qualified for pre-approval. They are very different. Pre-approval requires you to go through the documentation process and actually gets you an agreement with the lender. The seller must see that you are pre-approved when you submit your offer.


Offering Too Low. We understand that you want to get the home for a great deal but you don't want to risk insulting the seller. Work with your realtor to figure out a fair and competitive price to offer.


Spending Too Much During Escrow. Even if you are pre-approved, the final part of the loan doesn't start until right before closing. At that time, your lender goes through your finances again to make sure that your finances are still in order. If you buy too many big ticket items or add additional lines of credit during this time, you could alter your debt to income ratio so much that you no longer qualify.


Not Having Your Closing Costs In Order. As you budget for the home, make sure to always keep enough for closing costs. You need to have enough cash to cover it otherwise the deal will fall through. Ask your lender what the estimated closing costs are so you can have it ready from the very beginning.


Move into your dream home by avoiding these buyer mistakes. The Rullo Team is here to help you throughout the buying process. Give our team a call today or visit our website at http://www.therulloteam.com/.

Defining 5 Important Closing Terms

by The Rullo Team

If you are in the market for a new Fox River Valley home, we know that the buying process can seem a bit complicated. This is especially true when there are words being used that you don't know how to define! Become a home Buying pro by knowing the definition of 5 important closing terms. Use these simple definitions as a starting off point to understanding the home buying process!

 

1) Down Payment – The down payment requires you to put money up front in order to secure a home loan. In general, mortgage lenders require 3% to 20% of the home value.

 

2) Private Mortgage Insurance (PMI) – If you make a down payment that is less than 20% of the price of the home, you will likely have to pay for private mortgage insurance. This insurance protects your lender in case you end up in foreclosure.

 

3) Annual Percentage Rate (APR) – The APR covers all the finances and credit costs you will incur from taking out a loan. These costs include the interest rate, broker fees, points, and other credit charges.

 

4) Closing Costs – Buyers and sellers both pay closing costs based on the agreement reached during price negotiations. These costs includes application fees, property fees, attorney charges, settlement documents, title examination, and title insurance.


5) Loan Estimate (LE) – The LE includes every detail of your loan agreement terms, including the estimated closing costs.



Let us help you close on your very own dream home! Check out our current Homes for Sale . Give the Rullo Team a call today or visit our website at http://www.therulloteam.com/ today!

Budget For These Home Maintenance Tasks When You Buy!

by The Rullo Team


There are some costs that homeowners know the budget for when buying their
Fox River Valley home. These include down payment, closing costs, and moving expenses. But, what about home maintenance? Just because the home inspection came up squeaky clean doesn’t mean that you don’t need to make any repairs or changes to the home.

 

In fact, the first year of ownership tends to be the most expensive, as you fill the home with new furniture and appliances, add personal touches, and complete those repairs that you find are needed. It can be hard to know exactly how much you need for home maintenance as you put together your budget for buying a new home.

 

Here are some immediate home maintenance costs that you should set aside money for:

 

  1. New Locks - You have no way of knowing who has a key to your new home. Be sure to install new locks on every exterior door.

  2. Fire Extinguisher - For the safety of you and your family, your home should have at least one fire extinguisher. If there isn’t one left at the property, purchase one for your kitchen.

  3. Chimney Sweep - It may have been years since the fireplace and chimney in your new home were properly cleaned. Before using it, be sure to hire a professional to come in and clean everything out of it.

  4. HVAC Maintenance - While the HVAC system might seem to be running properly, you can’t be certain when the last time it was maintained professionally. Have someone come inspect it and make any necessary repairs as soon as you move in to avoid pricey repairs in the future.

  5. Trimming Trees - The trees outside were not part of your home inspection and some could cause issues in the future, especially if they are older. Be sure to have the trees trims to avoid any potential damage to your home.

 

While these are the key maintenance areas to focus on upon moving in, you should not stop budgeting for home maintenance. Be sure to always keep some savings aside for issues that may arise with your home. A general rule of thumb is to budget for 1% of your home’s purchase cost every year for emergencies and repairs. Note, if your home is more than 10 years old, you might want to budget for more.


Follow us on Facebook and check out our Website for more helpful home maintenance and budgeting tips throughout the year.

 

Design Tips to Sell Your Fox River Valley Home!

by The Rullo Team

It might seem counter intuitive to put money and time into your Fox River Valley home once you've decided to sell. But, it is one of the best things you can do to help your home sell quickly and for top dollar! Attract buyers and stand out from the competition with these Design Tips to Sell.



Update Curb Appeal: Just like anything else in life, it is important to make a great first impression. This starts with your curb appeal. Wash and paint the exterior of your home. Take care of your landscaping. Add some welcoming touches to your front porch to invite buyers in.

Showcase Your Home: Although it might seem like you have to modernize everything in your home to sell, you should highlight your home's tradtional elements. These structural and/or design details will keep your home unique and memorable.

Add Some Paint: The cheapest thing you can do to give your home a fresh start is by applying some new paint. Just always keep it neutral to avoid turning off any potential buyers.

Think Eco-Friendly: Energy efficient features are increasingly popular amongst home buyers. These features not only help our environment but they also help a home owner's wallet when it comes to their energy bill.

Update Bathrooms and Kitchen: The few rooms that you should consider investing more money into are your bathrooms and kitchen. These are key rooms that buyers look at to determine whether or not they want to buy the home. It doesn't have to be complete remodels. You can do more basic updates, such as changing hardware and light fixtures.

Add Master Bedroom Closets: A large walk in closet off of the master bedroom is a selling feature for buyers. If your home does not have one, find a way to add one to increase the value of your home.

Find New Storage Spaces: All home owners are always looking for new storage solutions. Be creative with it. Find new spaces, such as under the stairs, to add storage to your home.

Create Space: You always want your home to feel as large as possible when showing it to buyers. A great way to create the perception of space is by placing your furniture in groupings away from the wall.

Hire An Organizer: While you can declutter your home on your own, it can be to your benefit to hire a professional organizer. They have tips to help make your home larger, find new storage solutions, and will help you get rid of the items you really don't need.

 


Sell your Fox River Valley home for top dollar by working with The Rullo Team! Give us a call at (630) 513-1771 or visit http://www.therulloteam.com/ today!


Source: Houzz Inc. ©

Best Time To List Your Fox River Valley Home To Sell!

by The Rullo Team

Which month is the best time list your Fox River Valley home? The answer......RIGHT NOW!!! The month of April is the best time to list your home for sale!

 

With interest rates below 4.5% and lower home inventory, buyers are currently on the hunt to find the best property. Take advantage of the lower competition (it won't last long) by getting your home on the market right now. Research from Realtor.Com shows that the benefits of listing this month are clear.

 

Their data shows that homes listed in the first week of April have 5% less competition, sell 6 days faster, are viewed 14 times more online, AND have 6% higher prices! The benefits are clear! Can't get your home listed this first week? Have no fear! The entire month of April came in as the top time to sell for the year.

 


List your home in April to get it sold quickly and for top dollar!

If you are ready to SELL this month, work with the The Rullo Team to get top dollar for your home and sell it quickly! Give our experienced team a call today at (630) 513-1771 or visit our website at http://www.therulloteam.com/.

Update Your Front Porch For Spring Selling Success!

by The Rullo Team

Are you ready to "Spring" into the Fox River Valley housing market? With the temperatures rising and the snow melting, now is the perfect time to start enhancing your home's curb appeal so it is ready to sell. A great area to focus on is your front porch. It will help create an inviting first impression for buyers and, as an added bonus, can be utilized by you and your family as additional outdoor living space! Follow these design tips to have your front porch looking it's absolute best this spring!

1. Draw the eye from the street towards the front porch with the placement of colorful plants throughout your landscaping.

2. Ensure that your front porch is always well lit. Add 3 to 4 different sources of light. Make sure your house numbers are illuminated so buyers and guests can always easily locate your home.

3. Add potted greenery that will last throughout the growing season as well as window boxes and/or vases of seasonal flowers to your front porch for a bright, lush atmosphere.

4. Create a cozy spot to gather with seating for two and a small table. For a cozy, old-fashioned touch, hang a swinging bench.

5. Place a functional and fashionable doormat at the entrance to tie the space together and welcome guests inside.

6. Coordinate color throughout the space with your accents. Make sure that they share all the same hues and complement your home's exterior. A good way to ensure color coordination is to use your home's trim or front door color as a starting point.

7. Keep pests away and beat the summer heat and humidity with a cool breeze from an outdoor ceiling fan or well-placed upright fan.

8. Add some privacy and block the sun with outdoor curtains. Make them easy to open and close as needed and use fade-resistant fabric for longevity.

For more helpful Home Selling Tips, visit our Website and follow us on Facebook.

Buy Your Dream Home With These Financial Tips!

by The Rullo Team

Buying a new home in the Fox River Valley is a major financial commitment. However, you never need to feel like home ownership is out of reach. There are several steps you can take now to help you afford your dream home!

 



Find more Home Buying Tips and Search Homes for Sale in the Fox River Valley, by giving us a call today or visiting our website at http://www.therulloteam.com/.

The Rullo's Named Top Real Estate Team In Region!

by The Rullo Team

 

 

For the 22nd consecutive year, Alex Rullo - Broker with RE/MAX All Pro in St. Charles, was honored for his production in 2018 at the annual RE/MAX R4 International Convention. Out of over 2,300 sales associates in the Northern Illinois region, Alex and The Rullo Team are ranked #12!

 

Alex and his wife Vicky Rullo, also a RE/MAX Broker, have consistently placed in the Top 1% of All Realtors Nationally. Rullo is a charter member of the RE/MAX International Hall of Fame. He has also earned the coveted Circle of Legends Award, the Chairman’s Award as well as the Lifetime Achievement Award, which is the equivalent of three Hall of Fame Awards.

 

Alex and Vicky provide their clients with the highest level of service by offering a full team of professionals with experience and cutting edge skills. The Rullo Team includes Brokers, Sandy Selander and Adam Rullo, Client Care Coordinator, Denise Huelskamp, and Special Project Manager, Kristi Capo. The Rullo Team can be reached at 630-513-1771, rullos@rullos.com or visit their website at www.therulloteam.com to view any home in the USA!

Displaying blog entries 1-10 of 22

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