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Top Reasons Why It Makes Sense To Sell During The Holidays!

by The Rullo Team

We understand the impulse of taking your home off the market until the beginning of the new year. But, December can actually be a great time to sell! Here are the top reasons why you should sell your Fox River Valley home during the holidays!

 

1. Enjoy Less Competition!

Other people in your area will undoubtedly take their homes off the market or delay listing their homes. This will reduce the inventory of homes and make it more likely that your home will rise to the top of the search lists. With less competition, you have better chances of your home being sold.


2. Your Home Looks And Smells Festive!

Staging is taken care of during the holidays with your warm fireplace, festive decor, and delicious smells of home-baked goods. This homey ambiance can create feelings of nostalgia within the buyer and urge them to make an offer. Just make sure you don't go overboard with decorations. You still want buyers to be able to imagine themselves within the home as well as show off the best features of your home without distracting clutter.


3. Serious Buyers Look During The Holidays!

Any buyers that are still looking during the holiday are ready to buy NOW! These buyers have either been looking for a while and have yet to find something we love or they have just entered the market and need to buy quickly. Either way take advantage of their desire to find a home as soon as possible.


4. Buyers With Children Are Utilizing the School Break!

There are prospective buyers that use the holiday season to find a home in order to get their children settled before school starts up again in January. These are more serious buyers that are actively lookin g to find a home as soon as possible.


5. Closing Is Faster!

The spring time is a busy time for lenders. That means that buyers have to wait longer to get their loans processed and approved. The slow down in the housing market in December makes the lending process move quicker which means closing can occur much faster!


6. Change Your Strategy To Sell!

Don't take your home off the market during the holidays even if it has been on the market for a while now. Instead, use this time to adjust your strategy. Is your asking price what it should be? Is there a different way you could stage your home? Are there things you could fix up?


 

If you are interested in Selling Your Home This Holiday Season, give The Rullo Team a call today or visit our website at http://www.therulloteam.com/.



Information Source: Realtor.com®

Timing Is Everything When Buying & Selling Your Fox River Valley Home!

by The Rullo Team

Timing is everything when entering the real estate market. Trying to coordinate the Selling of your current home with Buying a new home can be incredibly stressful, both financially and emotionally. But, help is here! If you are looking to enter the Fox River Valley real estate market, here are 7 timing options for selling and buying your home.

 

The 1st timing option is Selling Then Buying. This is the most commonly used option due to the financial stability it offers. When you sell your home first, you avoid having two mortgages and have additional resources to use towards the cost of a new home.

 

The 2nd timing option is Buying Then Selling. This option offers the convenience of time. If you can afford having two mortgages at once, buying first and then selling allows you to make improvements to your new home before moving in and making updates/repairs to your old home before listing. Only choose this option if you can truly afford the costs of two homes at once.

 

The 3rd timing option is Buying & Selling At Same Time. This option is also commonly found in the real estate market. It makes sense to list your current home while searching for a new one but you are putting yourself at the mercy of others. Since the timing is completely dependent on buyers for your home and the seller of the home you want to buy it is very important that you work with a realtor during this time to help ensure timing success for you.

 

The 4th option is Selling on Contingency. You should only use this option when none of the other ones have worked for you. Selling on contingency means that there is a contingency clause on your current home that states you will sell it ONCE suitable housing has been found by you. This has the potential to turn buyers away since most want to move in as soon as possible.

 

The 5th option is Buying On Contingency. This option is the reverse of the previous one. It allows the buyer to add a contingency clause that they will purchase the new home once they sell theirs. Few sellers are willing to wait for buyers so this option is not commonly used.

 

The 6th option is Right of First Refusal. A Right of First Refusal (ROFR) allows a particular buyer to submit an offer before all other buyers. This option is only available to buyers that clearly have their finances, including preapproval for a mortgage, in order. Since the limited offers could mean less money for the seller, you will not see this timing option very often.

 

The 7th and final option is Renting. Instead of selling your current home, you always have the option to rent it out. This rental income will cover your current mortgage, freeing you up to buy a new home. Only select this option if you have a reliable tenant that you can trust.

 


 

Work with The Rullo Team to determine the right timing option. Give us a call today at (630) 513-1771 or visit our website at https://www.therulloteam.com/.

Factor These Maintenance Costs Into Your Home Buying Budget!

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.

Keep Your Pets Warm & Cozy This Winter!

by The Rullo Team

Temperatures are starting to plummet throughout the Fox River Valley. You always remember to bundle up yourself and your family to stay warm and healthy throughout the colder months. What about your pets, though? Despite their furry coats, dogs and cats are at just as much risk during the winter as we are. Make sure to keep your pets warm and cozy inside and outside of your home by following these winter pet care tips.



1. Create a special spot indoors for your pets to keep warm. Give them a cozy bed and their own blanket to cuddle up with.

 

2. Do not allow your dogs or cats to roam alone or sleep outside overnight.

 

3. Just as your shouldn't leave your pets alone in a car during the summer months, you should never leave pets in automobiles during the winter.

 

4. Unless your pet has an undercoat, you should put a sweater or coat on them before taking them outdoors.

 

5. Your pets' paws can easily get frostbite or irritated by salt. Protect their paws before heading outside by rubbing paw protectant onto their pads or placing booties on them.

 

6. Always keep your dog on a leash when going on walks during the winter. This season has the highest instance of lost dogs than any other time of year.

 

7. Make sure your cats and dogs are not exposed to antifreeze. Antifreeze tastes sweet to pets but is highly toxic and can be lethal when consumed. Always wipe up any antifreeze in your driveway or garage. Immediately contact your veterinarian if you believe your pet has ingested any antifreeze.

 

8. Keep a towel by the door so you can wipe your pets' paws as soon as coming back inside. It is very important to get all salt/de-icing materials, snow, and ice off of their paws as quickly as possible.

 

9. Check your pets for any signs of frostbite on their ears, paws, legs, and tail.

 

10. Just like our skin gets drier during the winter months, the same thing happens to our cats and dogs. Avoid dry, flaky skin by bathing your pets less frequently during the winter and using a moisturizing shampoo when you do bathe them.

 

11. Use a humidier in your home to help with your pets' overall health.

 

12. Make sure that pets cannot get close to any heaters or furnaces that could burn them.

 

13. Keep an emergency supply of pet food and medications in case you are unable to leave the house due to winter weather.

 


 

We know that your pets are an important part of your family! Follow The Rullo Team on Facebook and check out our Website throughout the year for more great pet owners' tips!


 

Source: CareCredit

 

Avoid These Mistakes To Buy Your Dream Fox River Valley Home!

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 in the market for your dream Fox River Valley home, 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/.

What To Do With Your Extra Hour This Weekend!

by The Rullo Team

Daylight Saving Time is coming to an end this Sunday, November 3rd, at 2:00 am. While that means the sun will set earlier over the next several months, it also means that we get an extra hour this weekend! An extra hour! This is a good opportunity to catch up on some sleep, spend quality time with family, and do some personal care. But, it also gives us the opportunity to tackle some tasks that we feel like we never have time for! Be extra productive as we "fall back" this weekend by tackling some of the real estate tasks that you keep putting aside! Here's where to start!

 

Learn Your Home's Value.

Before putting your current home on the market, you need to make sure that you price it correctly. Use the extra time to Find Your Home's Value. The information from this free tool will help you in a variety of ways. If you were hoping for a higher price point, you can do some research on improvement projects with high returns on investment that you could do to your home before selling. It will also aid you in creating a budget for your new home that is realistic.

 

Search For Your New Home.

 The extra hour is a great opportunity to start looking online for a new home. However, you want to use that time wisely. In order to do so, you should first set a realistic budget that you will stick to during your online search. Also, create your list of must haves and needs. This will allow you to set better perimeters as you Search Fox River Valley Homes for Sale. Keep track of listings in a spreadsheet so you can discuss with your realtor and mark your calendar with any upcoming open houses that you do not want to miss.

 

Get Ready for Pre-Approval.

Pre-approval for a mortgage is one of the first steps you should take. It allows you to know what you can actually afford and helps you become a more attractive buyer to sellers. The extra time you have this weekend is the perfect opportunity to start during some Loan Analysis. You should also begin to create lists of your employment, monthly income, and expenses. Start to gather the documents you will need to present to the lender, including proof of income, tax forms, and bank and credit card statements.

 

Complete Tasks Around The House.

There are some smaller, but important, tasks that often get overlooked as time passes us by. With the extra hour, you can get some of these simple home chores crossed off your list. Go through your kitchen to dispose of expired food and to organize your fridge. Replace air filters on your AC unit and furnance. Flip the mattress throughout your house. Change smoke and carbon monoxide detector batteries.

 

 

Let The Rullo Team help you with all your home buying and selling needs! Give us a call at (630) 513-1771 and visit https://www.therulloteam.com/ to get started today.

 

How To Search For Your New Fox River Valley Home!

by The Rullo Team

Searching for a new home can truly feel overwhelming. It is easy to fall down the rabbit hole while searching the internet! Make your home search productive and effective for you by following these simple steps! You will surely find your dream home in Fox River Valley in no time!

 

Pre-Approval first! HBefore beginning your home search, get pre-approval for a mortgage. This will give you an accurate assessment of your available budget. Once you know your budget, you can focus on the homes that fit within your range.


 Determine Wants Vs. Needs! All home buyers come to the searching process with a list of items they are looking for in a new home. It is important to prioritize these items and determine which ones you cannot live without and which ones would be an added bonus. Create a wants versus needs checklist to help you focus in on what is most important in your new home.


 Pick A Style! Homes come in a variety of architectural styles. Determine which one makes the most sense for you. Do you prefer a ranch style home with everything located on a single floor or perhaps a cape cod style home with the children's bedrooms on the second floor? Instead of searching all the homes on the market, you can easily narrow down you search to only those homes that match the style you like best.

 

Choose Neighborhoods! As important as the home is in and of itself, its location should be equally important. You want to move to a neighborhood that will have the amenities that fit your lifestyle needs. Is it located within a good school district? How is the commute to work? Are there stores and restaurants within walking distance? Determine what is important to you and your family in the overall neighborhood and do some research. Once you find neighborhoods that will be the right fit, you can narrow your home search to those areas.

 

Take Notes! It is important that you are able to remember details of the houses you look at. After looking at several, though, it can be easy to start confusing the features available at each of the homes and/or the things that you didn't like about them. Take notes on the listing sheet while you tour a home. It is also important to take photographs of things that you like and don't like. By keeping all of this information, you can best determine which of the homes will truly be the best fit for you and your family.


Search Fox River Valley IL Homes for Sale! Let The Rullo Team help you find your dream Fox River Valley home! Give us a call at (630) 513-1771 and visit https://www.therulloteam.com/ to get started today.

 

Stand Out From Homes On The Market With These Handy Tips!

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. ©

 

Make Home Buying A Treat Not A Trick!

by The Rullo Team

It might be the month for Trick Or Treating but when buying a new home (especially as a first time buyer) you want it to be more of a treat than a trick! Unfortunately it is easy to be fooled out there with all the misconceptions and misinformation about home buying. It is important to know all the facts before setting off on your journey to find your dream home. Here are 9 myths about home buying that we are happy to debunk for you!!

 

Myth 1: Looking for a House is Your First Step.

The initial search for the home is undoubtedly the fun part of the process. You know your list of desirables and you have the internet at your fingertips to help you find your dream home. BUT, there is a lot of information that you need know ahead of time before potentially getting your heart set on a home. Your first step should be to make sure that your credit is in top form AND get pre-approval for a mortgage. These steps will help you determine your budget and allow you to search for houses that are in an appropriate price range. Plus, pre-approval for a mortgage will help you during the process as it makes you more attractive to sellers.

 

Myth 2: Your Best Finance Option is a 30-Year Mortgage.

Many home buyers think that by selecting a 30-year mortgage they will automatically save money since they have a longer period of time to pay off the loan. Although monthly payments on a 30-year are lower than a 15-year mortgage, you will end up paying MORE in the end since you are borrowing the same amount of money for both BUT are borrowing for twice as long and at a higher interest rate with the 30-year option. Look into all loan options out there before making a decision. A 30-year fixed mortgage might be the best option for you or there might be another loan that makes more sense. Stay open and do plenty of research ahead of time to make an informed decision. Check out our helpful Finance Information for this step of the process.

 

Myth 3: Your Down Payment has to be 20%.

Although a 20% down payment allows you to avoid paying for Private Mortgage Insurance (PMI), it is not always the required amount from lenders. If you are willing to pay the monthly bill for PMI, you may be eligible for loans with a 5% or 10% down payment. Otherwise, there are also FHA loans and other down payment assistance options that you may qualify for.

 

Myth 4: The Down Payment is your Only Cost Upfront.

The down payment on the home will never be the only cost you have to pay up front. There are always added costs for credit reports, inspections, insurance, and more that home buyers need to account for. Additionally, the negotiated deal for the house could include you being responsible for the closing costs.

 

Myth 5: You are out of Luck if you have Bad Credit.

Having good to excellent credit definitely helps when it comes to buying a home. But, even if your credit is not great, you can still be eligible for some financing options. FHA loans can offer low down payments to buyers with bad credit. Be sure to do plenty of research ahead of time though regarding your loan options. Something that might look great at first, might not be great in the long run.


Myth 6: Home Inspections Aren’t Necessary.

A home inspection is ALWAYS a crucial step in the home buying process. Even if you are worried that you might lose out on the house to a buyer that waives the inspection, it is worth the risk. There is far more risk in buying the home as is without knowing any hidden issues with it. You will save a ton of money and time buy spending the money upfront to inspect the home.

 

Myth 7: You Must Offer the Asking Price.

You found your dream house and you don’t want to risk losing it…..so you have to offer the full asking price, right? Although there can be competition when putting an offer on a house, you do not need to offer the asking price. Sellers will often be willing to negotiate with buyers who have awesome credit, a pre-approved loan, and a ready down payment in order to ensure that the house gets sold as soon as possible. You also do not need to offer the full asking price if the home inspection you got exposed some issues with the house. You can negotiate a price based on what the inspection found.

 

Myth 8: You Don’t Need a Realtor.

It is important to work with an Experienced Realtor during your home buying process. Although the internet might make it appear like it is easy to buy a home on your own, there is a lot of valuable information that realtors know that can assist you. We understand the market, know exactly what to look for, have experience negotiating, and so much more. The experience will seem a lot less stressful having someone knowledgeable on your side along the way!

 

Myth 9: Choose A Home Based On Your Current Lifestyle Only.

It is important to recognize what you need in a home immediately as well as in the future. Whether you are planning on having children someday or not, buying a home in a neighborhood with good schools should be on your list of must haves. Research has shown that homes in such neighborhoods have higher resale value, so if you ever consider selling in the future you are setting yourself up for success. Also, consider other lifestyle needs that you might develop over time. If you plan on being in your home for the long haul, make sure that what you will want in 10, 20, or 30 years from now is available in the home and neighborhood that you selected.

 

For more Home Buying Tips and to Search Homes for Sale in the Fox River Valley, give us a call today or visit our website at http://www.therulloteam.com/.  

5 Terms To Help You Close On Your Dream Fox River Valley Home!

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 this fall! Check out our current Homes for Sale . Give the Rullo Team a call today or visit our website at http://www.therulloteam.com/ today!

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