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Maksim Chmerkovskiy, winner of this season’s Dancing with the Stars, will be appearing from 4 to 6pm for a trunk show at Aliano’s Ristorante (90 N. Island Avenue) in downtown Batavia.  The show will feature a men’s jewelry line that he has designed.  Tickets are $35 each (reserve by calling the restaurant at 630-406-9400) and include hors d’oeurves and wine.

If you would like any information on local real estate, visit our website at www.therulloteam.com.

Memorial Day in the Fox River Valley

by The Rullo Team

It marks the first official weekend of summer.....Memorial Day weekend!!!  

After the harsh winter and a "barely there" spring, it's a great feeling having summer actually arrive on time. 

This weekend is always so much fun, but it's very important too.  Memorial Day is a time to remember and honor all those who have fought so courageously for our country and the freedom it represents. So in the midst of the family get together's and BBQ's and picnics, take time to remember and honor all of our Military and Veterans for all they have done and the sacrifices they have made.

If you are planning to take in the St. Charles Memorial Day Parade, you will want to get your seating set up- prior to the 10:00 am start time. The parade will start on Main Street (Rt 64) at 6th Street and continue to Riverside Avenue, ending at Freedom Shrine where there will be a memorial ceremony. Following the parade and ceremony here there will be another ceremony at The “City of St. Charles Veterans Parking Lot” which will be dedicated to recognize Alderman Jim Martin in honor of his military service.                                                      

Aside from the annual parade, Sunset park opens this weekend along with many of the area Forest Preserves.  One show you may not want to miss is the 16th Annual St Charles Fine Arts Show which will take place on Riverside Avenue between Main St and Illinois Ave in St. Charles.  This highly lauded event showcases 100 artists and never disappoints.

What ever you plan to do with family and friends, we hope you have a wonderful weekend.  From all of us at the Rullo Team.....HAVE A HAPPY & SAFE MEMORIAL DAY WEEKEND!

GARDENOLOGY FESTIVAL - MAY 17, 2014

by The Rullo Team

Gardenology is all about all things gardening

The sixth annual Gardenology Festival will be held rain or shine on May 17, 2014 between 10am and 4pm. The free event will take place in downtown Geneva, Illinois - along Third Street from the Kane County Courthouse down to the Metra Train Station.  Plants and accessories will be available for purchase, and many shops will be offering fun and educational activities for kids. Children also will enjoy the Birds of Prey - Live Raptors exhibit and an appearance by The Frog Lady. For a list of activities and events hosted by gardening specialists and other vendors and to see who’s coming to the 2014 Speaker’s Tent, visit the Geneva Gardenology website or call Country Naturals at 630-232-1172. The event is sponsored by the Geneva Garden Club, Burpee Home Gardens and participating Geneva merchants.

If you would like any information on local real estate, visit our website at www.therulloteam.com.

How to Negotiate Issues After A St Charles, IL Home Inspection

by The Rullo Team

Just as in any type of sales job, a home is never truly bought, or sold, until the money has changed hands and the keys have been given. You may have received an offer on your St Charles, IL home, and are fairly certain that the buyer possesses all the right credentials to allow the sale to go through smoothly, but there are still steps that you need to go through before the sale is final.

One of those critical steps is the....HOME INSPECTION of your St Charles, IL home. Now, unless your home is flawless, of which most are not, you will be in for some

negotiations with the buyer. The best way to handle these types of negotiations is to have the best Real Estate Team on your side. The team who would have suggested that you had an inspection of your St Charles, IL home prior to the home being put on the market so that you could have taken care of these issues on the front end. However, if that wasn't the case here are my suggestions:

First, you need to be realistic and understand that every home is going to have some issue(s) that needs to be fixed. So don't get stressed out, get in "fix it" mode and take care of what needs to be done.

As realtors,  we hate to see a buyer use the Home Inspection as a means to "renegotiate" the contract. Don't get us wrong, for the most part when a buyer is asking for a negotiation on something it is justified- damage to a roof, plumbing, foundation, etc.  A Home Inspection is meant to protect the buyer against "major" problems, not to nitpick and try to get a seller to virtually give you a brand new home. Sellers, you need to rely on your Real Estate Team for advice!

Inspection Credits versus Repairs

After the inspection is completed on your St Charles, IL home, and there are legitimate repairs that need to be done, try to push for a closing cost credit or a price reduction. This would be the easiest for you, the Seller to do. Besides, you don't want to be in the position of having to do repairs and having the Buyer not satisfied with the repairs that are done and having to redo them or losing the sale!

 

Negotiating the Home Inspection Problems

 Remember, you are not obligated to repair your St Charles, IL home before you sell it, but you MUST be up front and honest with the Buyer. One of the difficulties in going through the inspection process and then losing a buyer is now knowing EXACTLY what was found needing to be repaired and disclosing it to another potential buyer. In this case, you must now learn the art of "haggling". Nothing new, but you'll need to look at the list of repairs and decide which you are willing to make and which you aren't, and negotiate it with the buyer in a way that will allow you to spend less money....but NOT LOSE YOUR BUYER!

 The bottom line is to be prepared up front. Work with a professional Real Estate Team who knows what needs to be done up front to avoid the pitfalls of the Home Inspection process. Once you've found that Team, put your trust in them and listen and adhere to their advice.

 For more tips on Selling and Buying homes in the St Charles, IL area please visit our website at www.therulloteam.com, or give us a call. We know the Fox Valley area well after living and working here for the majority of our lives and can answer all your questions or help you get your home ready to be put on the market.

 

The Dangers of Overpricing Your St Charles, IL Home

by The Rullo Team

"You want to list my St Charles, IL Home for what?!!"

Have you ever heard that exclamation before?   I'm sure you have at some point, and unfortunately it does happen.  But why does it happen?  The answer is simple, but more difficult to accept. This is why it is so important that you hire an experienced St. Charles, IL real estate agent to advise & guide you in the selling of your St. Charles, IL home.  When you list your St. Charles, IL home For Sale, your agent will know the market conditions and how to correctly identify the "listing price" for your home.   He or she will not have the emotional attachment to your home that you do, and and therefore will be able to be an unbiased judge of the homes value and worth in today's housing market.  While you may not like the price you are hearing, have faith in the person you chose to represent you & your home.  When you overprice your home it will be dangerous for several reasons, but the biggest (and simplest) is...IT WON'T SELL!

In addition to not selling when you've overpriced it, you've really stacked the deck against you from day one. Selling your St Charles, IL home can be an emotional roller coaster.   What your home means to you and how you imagine it, needs to come to terms with the real world and the current real estate market.....and that is no more apparent than in pricing. Everything you are doing at this point is looking at the home to "list" and sell.   That may seem apparent, but it's much harder than it looks.  You must take the emotional strings out of the way.  You may cherish the color, flooring, or some other "prized possession", but none of that matters, it's simply black and white. You are looking at it objectively just to list and sell.

Just "because you paid a certain amount for your home", or because "it means so much to you", is a sure fire way to stall the successful sale of your property. Buyers also aren't going to care if you "need to get a certain amount for your home in order to buy your new home". All the new buyer cares about is paying a fair market value for your home and that there aren't any hidden surprises that are going to come up later in the home inspections. Nothing will blow up in your face quicker than an OVERPRICED PROPERTY!

 

You are free to list your home for any price you choose. However, any exceptional real estate agent will tell you that overpricing a home can lead to serious problems. Some of these include:

 

  1. *Scare off Buyers- You don't want to miss out on an ideal buyer by pricing yourself out of their category. Rely on the expertise of your Real Estate agent and their knowledge of the local market so that you can maximize your exposure on the market and with buyers while still getting the best price for your home.
  2. * Too much Time on The Market- When a home is priced too high it ends up spending far too much time on the market. If a buyer decides to put an offer in on the property that offer takes into consideration the amount of time the property has been sitting idle on the market. Therefore it has a negative effect on the property.
  3. * Home Price Appraisal Issues- If you have overpriced your home, and a buyer has agreed to pay the "overpriced" price, you still have to pass the Home Appraisal. If the Home Appraiser comes back with a Market Value that is noticeably lower than the price the buyer is offering, the bank is likely to deny the buyer a mortgage. Leaving you looking for new buyers.

 

Best advice....Stay realistic on the home pricing. Seek out a great real estate agent and listen to his or her advice for pricing your home. Many good agents will advise you to list a little lower and encourage a bidding war, than to risk all of the problems that would come with listing too high. Stay realistic with your pricing and you will achieve your ultimate goal of selling your home; in the shortest amount of time AND with the best possible price.

St. Charles Fine Art Show 2014

by The Rullo Team

Saturday May 24, 10-6pm and Sunday May 25, 10-5pm

The 16th annual St. Charles Fine Art Show presents nearly 100 of the best artists from across the country, along the east side of the Fox River on First Avenue, between Main Street and Illinois Avenue. Fine art is exhibited and available for sale. Also featured is live music, demonstrations and artist awards. Free admission and parking. More information: www.downtownstcharles.org/events/saint-charles-fine-art-show or call the Downtown St. Charles Partnership at 630.443.3967.

If you are interested in more information about the benefits of home ownership in the Fox Valley Area please contact a real estate professional with the Rullo Team.

Third Street, Geneva Pedestrian Mall

by The Rullo Team

A rendering of what the Third Street pedestrian mall will look like once completed this summer in downtown Geneva. View from near the Campbell Street parking lot looking west to the Geneva Court House.

 

A decorative sidewalk bordered with brick pavers and inlayed with etched granite memorial tiles will be installed in the alleyway between 121 and 113 S. Third St. Other highlights of the pedestrian mall will be a communal gas fireplace, masonry seating wall, benches, a fountain and landscaping.

Construction is currently in progress with hopes of being completed in mid-June before the Swedish Days festival.

For more information about the project, call the Geneva Public Works Department at 630-232-1501.

If you would like any information on local real estate, visit our website at www.therulloteam.com.

Mill Creek Neighborhood Annual Garage Sale

by The Rullo Team

220+ HOMES PARTICIPATING!

Thurs, Fri & Sat May 8, 9, & 10th  8am-4pm

Plan your shopping trip! After May 4th, maps will be available at the Mill Creek Market 39W250 Herrington Blvd, at each garage, and at www.millcreekgeneva.com. There is something here for everyone. 

While you're in the neighborhood, visit:

Rejoice Lutheran Church, Mill Creek Community, Geneva, IL  60134 Rejoice Lutheran Church

 - Free Water Station and Bathrooms available during the sale


Mill Creek Market, Geneva, IL  60134 Mill Creek Market

- Maps available during the sale. Grab a quick bite for lunch. Cash Station available.

 

Go to www.millcreekgeneva.com for more information

If you would like any information on local real estate, visit our website at www.therulloteam.com.

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