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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!

 

Looking to Buy your dream Fox Valley home? As a buyer, it is important to understand a home’s condition and maintenance. Learn to look past the design and decor elements of the home and recognize the structural “bones” of the house. Doing this will help you avoid potentially dangerous conditions and costly repairs should you end up buying the home. Become a smart buyer and use every opportunity you can to carefully inspect the home that you are interested in buying. Watch out for these warning signs that may be indicative of more serious structural problems within the home!

 

  • Incomplete or Badly Done Repairs/Renovations - Check for workmanship issues or tasks that seem incomplete.
  • Electrical Issues - Check for lights that flicker when on, warm outlets, flash burn signs near sockets and exposed wires.
  • Plumbing Issues - Check for leaky faucets, low water pressure, poor drainage, water stains near bathroom fixtures or on walls, peeling paint, musty or foul smells, and visible mold. 
  • Foundation Issues - Look for cracks in walkways and the driveway, unlevel floors and doorways (often noticeable in doors have large gaps underneath or on top of them), and trees with large roots near the foundation of the house. 
  • Roof Issues - Look out for warped, missing, or cracked shingles, materials that do not match the rest of the roof, and any noticeable wear or tear that indicates damage. 
  • Pest Issues - Check for areas that small rodents or insects could easily enter the house and be on the lookout for any wood damage that could indicate an issue. 

 

 

Being on the lookout for these warning signs allows you to have a more in depth conversation with the home inspector you hire. Work with an Experienced Realtor to help you throughout the process. Give our team a call today or visit our website at http://www.therulloteam.com/ to help you find the perfect home (free of warning signs) for you!

Spring Gardening Tips!

by The Rullo Team

The first day of summer is right around the corner! Add stunning curb appeal to your Fox River Valley home and create a peaceful space filled with fresh produce and beautiful flowers for your whole family to enjoy. Get your green thumb ready to follow these top tips for gardening success!

1. Map It Out

Start your garden off with a plan. Figure out the layout of your garden in terms of what plants look best near each other, the distance between each of them, where the sunlight hits, and more. The more you can plan out ahead of time, the better your garden will end up!

2. Begin Indoors

Get your plants started inside. All you need to do is fill containers with potting mix, moisten with water, and carefully add your seeds. Make sure to place in a warm spot of your home that receives 12 to 16 hours of daylight. Once your plants have gotten larger, you can transfer outdoors.

3. Prepare Your Soil

Make sure your soil is ready. Purchase a soil kit from your local home improvement store to learn its type and pH level. This information will help you determine what modifications your soil needs in order to grow the healthiest plants.

4. Start Planting ASAP

With our cold winters in the Fox River Valley, you want to make sure that you time out your planting properly so you start early enough to truly enjoy the plant throughout the warmer parts of the year.

5. Prune

Help stimulate plant growth and improve the look of your garden by pruning shrubs and trees. Just ensure that you are only pruning those plants that have bloomed on new growth from this year. If you prune plants that are still on last year's growth, you could cause irreparable damage to the plant.

6. Mulch

Save time in the future by adding several inches of mulch around your garden. Mulch moderates soil temperatures, saves water, reduce weeds, and wards of disease. When spreading out the mulch, be sure to water the soil before and after in order to keep the mulch a couple of inches away from your stems. Check out this Guide to Mulch Buying from the Chicago Tribune for more helpful information.

 


Follow us on Facebook and check out our Website for more fantastic Fox River Valley gardening and home tips throughout the year!

Relocate To One Of The Fox Valley's Top School Districts!

by The Rullo Team


With the 2018-2019 school year recently completed, now is the perfect time to think about where you want your child to attend school next fall! The
Fox River Valley is home to some of the highest ranked school districts within the entire state! Set your child up for success with a quality education by relocating to one of the area's best districts!


 

There are so many excellent school districts in the Fox River Valley area to choose from!

Indian Prairie Community Unit School District 204 | Homes for Sale

Geneva Community Unit School District 304 | Homes for Sale

St. Charles Community Unit School District 303 | Homes for Sale

Batavia Public School District 101 | Homes for Sale

Oswego Community Unit School District 308 | Homes for Sale

 


When it comes to what schools within these districts are the best of the best, you will need to do a little schoolwork on your own! There are several factors to consider when determining the quality of schools. Look beyond test scores. Although this information is helpful, it does not always provide the best indicator of a school's quality. Explore websites such as GreatSchools.org, Niche.com, and U.S. News & World Report for great unbiased data and rankings of local schools. Check out each school's individual website to learn about awards or recognitions received. Do not be afraid to reach out to the schools to ask further questions and request a site visit. Seeing the school in person and meeting with the staff can help you determine whether the school would be the right fit for your child.

 

 

Once you find the perfect school for your children, work with an experienced realtor to find your dream home within the school's boundaries. Give The Rullo Team a call today or visit our website at http://www.therulloteam.com/ to get started today!

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/.

Find The Best Realtor To Sell Your Home!

by The Rullo Team

Although it is possible to sell your home on your own, research has shown that sellers have the most success when they work with a realtor. Sellers should begin looking for a realtor six to eight weeks prior to listing their home. There are many realtors out there but you want to make sure that you work with the best of the best. An Experienced Realtor will provide you with the expertise and time needed to sell your home quickly and for top dollar. In order to find the best realtor for the job, you should ask them several questions. This will help you assess whether they are the right fit for you. Here are the top questions to ask potential realtors when you are ready to Sell your Fox River Valley home!

 

1. How many years experience do you have working as a realtor? Do you do it full time?

2. Have you sold homes within my neighborhood and how many in the past year?

3. What price range do the homes you sell typically fall within? What is the average sold-to-list price for the homes you have sold?

4. What fee do you charge for your work?

5. How will my home be marketed to sell?

6. Do you operate as a team with other realtors or will I be working exclusively with you? How available will you be throughout the process?

7. How long do the homes you sell typically stay on the market? What do you do to make homes sell quicker?

 

Asking these particular questions can help you find the best realtor for your home sale. Choose the agent that fully understands your goals and needs and has the experience and knowledge to best sell your home.


The Rullo Team has been recognized throughout the Fox River Valley and beyond for our selling success. Give our team a call today or visit our website at http://www.therulloteam.com/. We cannot wait to work with you!

 


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!

Mark Your Calendars for the St. Charles Fine Art Show!

by The Rullo Team

Save some free time this upcoming Memorial Day weekend for the 21st annual St. Charles Fine Art Show!!! Head to Riverside Avenue & Main Street in beautiful downtown St. Charles on Saturday, May 25th from 10:00 am to 6:00 pm and Sunday, May 26th from 10:00 am to 5:00 pm for this incredible art event!

The St. Charles Fine Art Show showcases the original, juried work of around 100 fine artists. You will find the most beautiful works of art in ceramics, drawing, glass, jewelry, mixed media, painting, photography, sculpture, wood, and so much more. Every piece of exhibited work is available for sale during the art show! Find some great new art for your very own Fox River Valley Home! In addition to all of the exhibited art, there will be fun hand on art activities for all ages and live musical entertainment throughout the event! And, the best part? Admission and parking are totally FREE!

Occurring alongside the St. Charles Fine Art Show is Paint the Pavement – A Chalk Fest!

Watch professional and amateur artists transform our sidewalks into colorful masterpieces during the two days. Want to showcase your own artistic side? Everyone is invited to participate! Register for free HERE to claim your very own part of the sidewalk canvas!

 

 

Follow The Rullo Team on Facebook and check out our Website for more fun community events!



Image Credit: City of St. Charles

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.

 

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