Real Estate Information Archive

Blog

Displaying blog entries 1-10 of 13

Did you know that tomorrow, June 30th is Social Media Day? Launched just a few years ago, this new national day is meant to get people to celebrate social media and emphasize how it makes our world a little better and gives us new ways to communicate with each other. So what better way to take part in Social Media Day than by connecting with The Rullo Team on our social networks? We have both an official Facebook and official Twitter accounts for you to follow, and we'd love for you to join up with us! Once you do, you'll instantly be getting all the latest updates and news from our blog and our offices, letting you know everything there is to know about homes for sale and real estate in the Chicago metro area. It's a very simple, direct way to stay in-the-know with everything going on in the area, plus you can connect with other fans of ours that have joined on our social media sites. It's pretty simple, so what've you got to lose?  

There's nothing more quintessentially American than a 4th of July BBQ to celebrate our country's heritage and history.  The Hotel Baker is making plans for a delicious celebration and one of the tastiest 4th of July events in St. Charles, IL.

Starting at 6:30 on Wednesday, July 4, you can dine on a festive All American menu prior to the City of St. Charles Fireworks which will begin at approximately 9:00 pm.  The price per diner for outdoor seating is $55 and inside dining is $40.  Guests 3 and under eat with no charge.

There are a variety of offerings on the 4th of July BBQ menu ranging from entree choices of baby back ribs, chicken wings, and veal bratwurst.  Sides include grilled asparagus, corn on the cob, German potato salad, Horiatiki salad, Boston baked beans, Caesar Salad, and fruit.  You can end your meal with a delicious slice of pie or your choice of ice cream desserts. Contact the Hotel Baker with any questions you may have regarding the 4th of July BBQ and to reserve your spot. Image via: stock.xchng

Best Financial Tips for When You're Ready to Buy a Home

by mbraddick
It's a great time to buy a home in St. Charles, IL.  There are several things you can do to help the process run smoothly and successfully:
  • Check your credit When applying for a mortgage your credit report has a significant impact on the amount you're approved for and what percentage interest you'll pay. Examine the report carefully for errors and do the work to fix them.
  • Assess what you can really afford Before you start looking at houses make sure you take a clear inventory of your current finances to see what you can reasonable afford.  Don't forget related costs not included in your basic mortgage quote such as PMI, property taxes, and hazard insurance.
  • Save, save, save Although there are plenty of mortgage products available that require little to no down payment, it is always a good idea to put some amount down on the purchase.  Take the time before you start looking to save for the down payment and closing costs.
  • Use a professional You can certainly buy a home in St. Charles, IL without the services of a real estate professional, but consulting with an expert will improve your chances of buying an ideal home at the right price. Real estate professionals know the current market conditions and have the scoop on local neighborhoods.
  • Collect all records Don't wait until the last minute to gather necessary bank records, financial documents, and all required paperwork.  Collect them early so you know where you stand.
If you’re in need of a real estate agent to help you make a move in the metro Chicago real estate market, talk to Alex & Vicky Rullo today. Image via: stock.xchng  
 

Chicago Housing Market Growing in Spring Season

by mbraddick
Spring of 2012 brought good news for the Chicago housing market, all indicators show a stabilization of the market and point toward a recovery.  Many real estate experts feel we are on the verge of a housing resurgence and are excited about the signs that indicate a promising future:
  • Lower inventory The April, 2012 housing inventory was reported to be at a six month supply, an indicator of a healthy market.  Just last year the inventory rates soared to a nine month supply.
  • Fewer distressed sales Nationally, sales of foreclosed and distressed sales decreased as reported by the National Association of Realtors.  Sales of these homes dropped to 28% of the overall market activity in March, 2012.
  • Increased activity April, 2012 reported the highest in increase in year over year sales from the same month in 2011 at 10.1%. April also brought 4.62 million units sold, the highest number of sales since May, 2010.
  • Low mortgage rates Current mortgage rates are at an all time low, signaling a great time for buyers to enter the Chicago housing market.  The rate for a conventional 30 year loan is near 3.5% and a standard 15 year loan is at a record low of around 3%.
If you are considering selling your house, now may be the perfect time.  All signs point toward the return of a sellers' market and the increased activity bodes well for all potential home sellers. For more real estate advice and information for the St. Charles and Chicago metro areas, be sure to bookmark our official Rullo Team blog Image via: stock.xchng
Celebrating its 45th year in existence, the Kane County Flea Market is one of the most beloved St. Charles, IL events.  The Flea Market is held several times throughout the year and the next market is set for Saturday, June 30 and Sunday, July 1.  It will be open from noon - 5:00 on Saturday and 7:00 - 4:00 on Sunday.
At only $5.00 per day for adults, The Kane County Flea Market is a fun way to spend an affordable day as a family. With hundreds of vendors you never know what you can find.  If you are a seasoned collector you're certain to find something perfect to add to your collection. Or if you are looking for unique housewares or antiques to help decorate your home, the Kane County Flea Market is also a great place to find a one of a kind item.
The Kane County Flea Market is held at the Kane County Fairgrounds, between Route 38 and Route 64. Please visit the Flea Market's website to learn more about shopping the market or if you are interested in participating as a vendor. For more news and events info from the Chicago Metro area, be sure that you bookmark our official Alex and Vicky Rullo blog Image via: stock.xchng

Summertime Fun in Kane County, Illinois

by alexandvickyrullo

 

Summertime Fun in Kane County, Illinois

  Don’t miss out on anything around the tri-cities. Here is just a sampling of things to do, places to go and people to see.   “Some Enchanted Evening” - through July 22 Performances at 8pm on Friday and Saturday; 2pm on Sunday. The Fox Valley Repertory at Pheasant Run Resort, 4051 E. Main Street, St. Charles, IL. A revue of 20th century Broadway icons and giants of musical theatre. Tickets are $32 and $42. Dinner packages available from $52. For more information and tickets, call 800-474-3272 or visit www.pheasantrun.com.   “1840s Days” - June 16 and 17 Noon to 4pm at Garfield Farm Museum, 3N016 Garfield Road, LaFox (use Campton Hills on your GPS.) The museum is 5 miles west of Geneva, Illinois off of Route 38.  A great opportunity to learn about farm life back in the 1840s. The restored 1846 brick inn will be open for tours. Walk through the historic barns including the 1842 barn which is the oldest building on the property. View an archaeological excavation in progress. Contact the museum if you would like to join in the dig. Children will love the museum’s farm animals including mostly rare breeds of turkeys, chickens, hogs, sheep and oxen. Admission to 1840’s Days is $6 for adults and $3 for children. For more information, call 630-584-8485 or visit www.garfieldfarm.org.   Swedish Days Festival - June 19 through June 24 Geneva’s Midsommar Festival.  Check out our May 29th post under Events and Happenings for more information or visit www.visitgenevail.com. This is a six-day celebration you won’t want to miss. Plenty to do for everyone in the family including the parade, great food, carnival rides, children’s games, live music… And the list goes on and on! Put a smile on your face by attending.   Batavia Farmers Market - Saturdays, June 16 through October 27 8am to noon on Water Street, between Wilson and First Streets,  in downtown Batavia, Illinois.  The participating vendors grow,  harvest or produce up to 75 percent of the products, which include baked goods, produce, honey, plants, artisan products and more. For more information,  call 630-761-3528 or visit www.downtownbatavia.com.   St. Charles Farmers Market - Fridays, Now through October 31 7am to 1pm at Baker Methodist Church, 4th Avenue and Main Street, St. Charles, Illinois. Open rain or shine! Offering fresh produce, fruit, cheese, eggs, beef and goat meat, poultry products, fruit and flowers from Michigan Orchards as well as fresh flowers, garden plants, honey, produce and foodstuff from Illinois growers. Also available is fresh baked bread, garden and landscaping products, gourmet food products, jewelry and arts and crafts. You can also purchase breakfast and lunch items, coffee and beverages from either the Baker Church Food Tent of local merchants. For more information, call 630-584-6680 or visit www.bakermemorialchurch.org.   Geneva French Market - Sundays, Now through October 28 9am to 2pm at the Geneva Metra Station parking lot, on the northwest corner of South and Fourth Streets, Geneva, Illinois. This market is of the French variety with usually 40 vendors each week. Fresh produce and baked goods, fine textiles, unique gifts… You’ll never know what you’ll find. Downtown Geneva is a great place for a Sunday stroll. For more information, call 312-575-0286 or visit www.bensidounusa.com.   For more information on local real estate, visit our website at www.TheRulloTeam.com.  

Chicago Real Estate Looking Strong May Stats Show

by mbraddick
There's great news for the Chicago real estate market!  As reported by the Illinois Association of Realtors Chicago home sales increased 19.2% in May, 2012 from sales in May, 2011.  This increase in home sales helps to promote continued stabilization and hopes for the recovery of the Chicago real estate market.There are other statistics that serve as an indicator of the overall health of the Chicago real estate market:
  • Sales Contracts The number of sales contracts written in May, 2012 saw a surge of 19% over May, 2011.
  • Pending Home Sales SImilar to the statistic outlining the number of sales contracts written, tracking the pending home sales gives you an early indication of the health of the market.  As of the end of May, 2012 there are currently 6,355 pending sales in Chicago, translating to a closing supply of approximately 3 months.
  • Home Inventories When you couple the fact that homeowners are reluctant to list their homes during a down market with the overall increase in sales, the statistics show that home inventories are on the decline.  This creates competition on the market and sellers have more options in the sale of their home.
  • Distressed Property Sales In May, 2012  34% of home sales were considered distressed.  This percentage is a decrease from previous years and shows a market improvement.
As these statistics show, the real estate market in Chicago appears to be getting stronger every day. If you're in need of a real estate agent to help you make a move in the metro Chicago real estate market, talk to Alex & Vicky Rullo today. Image via: stock.xchng

5 Essential Tips For Anyone Selling a Home

by mbraddick

Preparing to sell a home in St. Charles, IL can be a daunting task.  You want do everything you can to make your home attractive to new buyers while maintaining your financial investment. There are several essential things you can do to help your selling process go smoothly and successfully:

  • Curb Appeal A buyer's first impression of your home often happens before they get out of the car or when they see the first photo online.  The yard should be trimmed, plants and flowers vibrant , exterior cleaned, and any necessary paint touched up.
  • Price it Right Setting an initial price that is too high may cause the home to stay on the market without much interest.  Make sure the listing price is appropriate for the current market.
  • Sell its Strengths When you are planning to sell a home in St. Charles, IL be careful to promote what is best about the home.  Stage it effectively, clear the clutter, and make it a home others can imagine living in.
  • Be Reasonable Be careful to not get greedy with a potential buyer.  Know ahead of time the price range you are willing to accept and make sure you consider every offer and counter within reason.
  • Work with a Professional A professional Realtor will be helpful in the selling process as an expert on your local area and the current market.  The guidance in pricing, staging, and marketing will make a difference in your selling process.

For more real estate advice and information for the St. Charles and Chicago metro areas, be sure to bookmark our official Rullo Team blog Image via: stock.xchng  

Summer Concert In St. Charles, IL

by alexandvickyrullo

St. Charles, IL  Park District's Summer Concert Series continues on June 14th at 7p.m. at the Lincoln Park Gazebo, located on Main Street between Fourth and Fifth streets. This concert is free. The band 1969 will perform songs by popular musicians such as Jimi Hendrix, Janis Joplin, Joni Mitchell, Steppenwolf and more. Bring family and friends to the park and have a picnic. Several downtown St. Charles' restaurants including Jersey Mike's Subs, Must Love Dogs, Domino's Pizza, Kimmer's Ice Cream and more will be there with picnic-style dishes. No alcohol is permitted in the park. To be comfy, bring lawn chairs and blankets plus get there early to claim your territory. In the event of inclement weather, the concert will be moved to the Arcada Theatre at 105 E. Main St. Concerts are scheduled through August 2nd. To check out the list of future performers, visit www.stcparks.org or call the park district at 630-513-6200. For information on local real estate, visit our website at www.TheRulloTeam.com.

Chicago Market Update Shows Home Prices Down

by mbraddick
Chicago home prices have dropped to levels not seen since April of 2000 according to the new report from the S&P/Case-Shiller® home price index. Since their peak in September of 2006 before the housing bubble burst, Chicago home prices have dropped 39%. However there is more to the housing drop than first appears with many of the factors encouraging one to buy a home in Chicago metro area. The Foreclosure Drag Much of the drop in home prices is the result of so many foreclosed properties on the market. Since these are usually sold at lower than their market value, their sales drags overall prices down. Illinois percentage of foreclosed homes sold is the second-highest in the nation at 6.7%. As these sales account for 26% of homes sold, average home price numbers suffer. Improving Conditions The actual state of the Chicago real estate market is good. The Illinois Association of Realtors® reported Chicago metropolitan area had a 19.3% increase in average median home price in April from the same time in 2011. So while median home prices are down 1.5% in Chicago, the overall trend for the metro area is up. However, while Chicago has 10.64% of mortgages were 90+ days delinquent, this rate has slowed. Buyer’s Market With historic low interest rates, homes sales increased in the first quarter of 2012 and new guidelines from the Federal Housing Finance Agency to make short sales easier over foreclosure, now is the time to buy in Chicago as prices are predicted to rise through 2013. For more real estate advice and information for the St. Charles and Chicago metro areas, be sure to bookmark our official Rullo Team blog Image via: stock.xchng    

Displaying blog entries 1-10 of 13

Syndication

Categories

Archives