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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.

November's Fabulous Featured Fox Valley Homes!

by The Rullo Team

November is an excellent time of year to find and purchase your dream home!!

Take a look at these fantastic featured homes!

4N589 HIGH MEADOW ROAD, ST. CHARLES, IL $569,900

4 Bedrooms/ 3.5 Baths/ 3,995 SqFt

VIEW MORE PHOTOS HERE

Wonderfully updated home on a beautiful wooded lot in sought after neighborhood - renovated kitchen, baths, fixtures, hardware... Exceptional millwork... Elegant move-in decor!! You will love the granite kitchen with Stainless Steel appliances and the octagonal dinette that opens to a dramatic 2-story 4-season sunroom which leads to an expansive maintenance free pergola deck and brick paved patio with a granite kitchen which overlooks a truly spectacular private setting!! Master bedroom with a cozy fireplace, 2 walk-in closets, and a luxurious bath with Jacuzzi and body spray shower - huge bedrooms all with dual closets... Bedroom 3 opens to a 17x12 versatile bonus room! Sunken family room with impressive fireplace also opens to the lovely sunroom... Finished walk-out basement with bath, recessed wet bar, fireplace, playroom, and a rec room that opens to the private lower patio and the beautifully landscaped yard with stone outcroppings!!!

 

426 WOLCOTT LANE, BATAVIA, IL  $239,900.

3 Bedrooms/ 2.5 Baths/ 1,903 SqFt

VIEW MORE PHOTOS HERE

Lovely townhome in fabulous location close to Randall Road corridor w/shopping, dining & entertainment! Bright flowing floor plan w/great rm, stainless kitchen & spacious dining room w/transom glass door opening to upper deck backing to serene pond & mature trees. Vaulted foyer; 1st floor laundry, Multi-purpose 2nd floor loft; master w/walk-in closet & private bath; nice size bedrooms throughout; full English basement; 2-car attached garage. Newer: carpet, oven, dishwasher, hot water heater, sump pump... All on a beautiful premium lot offering privacy, lush landscaping & gorgeous pond vistas! Quick close possible - great value!

 

3074 RENARD LANE, ST. CHARLES, IL  $239,900.

3 Bedrooms/ 2.5 Baths/ 2,031 SqFt

VIEW MORE PHOTOS HERE

Totally renovated in 2015 this home stands above the rest and shows like a model home... New kitchen, baths... Updated flooring and fixtures!!! Totally renovated granite kitchen with island/breakfast bar, custom maple cabinetry with soft close drawers, and Stainless Steel appliances... Huge master bedroom suite - note size - with vaulted ceiling, sitting area, dual mirrored closets... Family room with fireplace... Convenient 2nd floor laundry... Garage with epoxy floor... And a fabulous open flexible floor plan that will suit any lifestyle!! Very convenient location close to the Randall Road shopping restaurant corridor, Otter Cove Aquatic Park, and bike path... Private lot with towering trees!!

 

Let us know which homes you'd like to see!

Not seeing what you're looking for here?  Start your customized home search here:  https://www.foxvalleylistingupdates.com/idx/8997/search/

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.

 

What To Expect During The Home Inspection

by The Rullo Team

Knowing what to expect every step of the way when buying a new home can help eliminate some of the stress from the process. One of the important steps during this process is the Home Inspection. This step occurs before the final closing on your home. A home inspection helps protect you and your investment by allowing you discover any potential issues with the home that might have been overlooked or undisclosed. You can then decide whether to renegotiate with the seller or, if the issues are too extreme, walk away from the home. Here are the important things to expect when you are ready for a home inspection.

 


Make sure to hire a highly skilled home inspector. You want to make sure that you use someone that will complete a thorough review of the home. In order to find the best home inspector in the Fox River Valley, contact the Rullo Team for our recommendations. Once you have the names of recommended home inspectors, it is smart interview them to find the one best for you. Use this opportunity to find out about their training, expertise, and experience. You should also ask to see their past home inspection reports to make sure that they are highly detailed and offer recommendations for issues found.

 


Attend the home inspection, if possible. This will allow you to walk through the home with the inspector and find out about any issues immediately. It gives you the opportunity to fully discuss recommended fixes with a professional. The home inspector will review everything between the roof to the basement floor. Although the physical structure of the home and all major systems and appliances will be inspected, it is important to realize that there still could be some hidden issues that the inspector just is not equipped to reveal. By having a discussion with him/her during the process, however, you can ask questions and find out if there are additional things you should be on the lookout for should you decide to continue with purchasing the home.

 


For more Home Buying Tips or to Search Homes for Sale in the Fox River Valley, give us a call today or visit our website at http://www.therulloteam.com/. We are happy to help you every step of the way to find and purchase your dream home!

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.

 

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!

Check out these amazing Featured Homes for September!

by The Rullo Team

September's Incredible Featured Homes!

How can we assist you in finding your dream home?


5N501 ABBEY GLEN DRIVE, ST. CHARLES, IL

$539,765.

5 Bedrooms/ 5 Baths/ 4,874 SqFt

View more photos here

Quality built home with elaborate trim & moldings, transom & full bay windows, glistening hardwoods on entire first floor... Finished walk-out basement, 5 full baths, private tree lined lot & much more! 2-story foyer with split "T" stairway & leaded glass entry... Huge kitchen with Corian counters, built-in ovens - dinette opens to upper deck & beautiful yard with expansive brick paved patio & walkways! Den with wall of built-ins, closet, & connecting full bath... Impressive 2-story family room with stacked windows & dramatic fireplace! Master bedroom with tray ceiling, whirlpool bath... All bedrooms are spacious & have big walk-in closets... Bedroom 2 with en-suite bath... Bedrooms 3 & 4 with jack 'n jill bath! Quality finished deep pour walk-out basement with full bath, fireplace, built-ins, rec area & lots of windows!! New: roof, gutters, 3 zone furnace & air conditioner, freshly painted & more!! Wonderful neighborhood - fish in the community pond!

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929 FOX GLEN DRIVE, ST. CHARLES, IL

$799,000.

4 Bedrooms/ 6.5 Baths/ 8,748 SqFt

View more photos here

Exceptional home & value-enjoy 8,700 sq ft of living in this custom home located on one of the most scenic lots to be found!! This high gently sloping private lot commands amazing year-round wooded & water views that overlook the St. Charles Country Club Golf Course...The beautifully landscaped yard with in-ground pool & built-in spa is stunning! This impressive home has exceptional millwork & detail throughout & a fabulous open floor plan...Foyer with floating stairway...Living room with 19 ft ceiling & fireplace... Dramatic 2- story family room with soaring fireplace,recessed wet bar & walls of stacked widows...Granite kitchen with stainless steel appliances opens to upper decks & incredible yard...Richly paneled den with fireplace & boxed beamed ceiling...The 2nd floor features a versatile 31x17 loft with wide planked hardwood flooring...Master bedroom retreat with luxurious vaulted bath with body spray shower-3 spacious bedrooms each with en-suite bath!! Finished deep pour walk-out basement opens to expansive patios...Recent updates include wood shake roof,windows,flooring,fixtures...

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4N589 HIGH MEADOW ROAD, ST. CHARLES, IL

$575,000.

4 Bedrooms/ 3.5 Baths/ 3,995 SqFt

View more photos here

Wonderfully updated home on a beautiful wooded lot in sought after neighborhood - renovated kitchen, baths, fixtures, hardware... Exceptional millwork... Elegant move-in decor!!  You will love the granite kitchen with Stainless Steel appliances and the octagonal dinette that opens to a dramatic 2-story 4-season sunroom which leads to an expansive maintenance free pergola deck and brick paved patio with a granite kitchen which overlooks a truly spectacular private setting!! Master bedroom with a cozy fireplace, 2 walk-in closets, and a luxurious bath with Jacuzzi and body spray shower - huge bedrooms all with dual closets... Bedroom 3 opens to a 17x12 versatile bonus room! Sunken family room with impressive fireplace also opens to the lovely sunroom... Finished walk-out basement with bath, recessed wet bar, fireplace, playroom, and a rec room that opens to the private lower patio and the beautifully landscaped yard with stone outcroppings!!!

 

Fall is an excellent time to purchase your dream home!  Less competition and bidding wars...and a great inventory of homes!  What does your dream home look like?  Let our team of experts find and negotiate the perfect home for you!

You may also get started here with a customized home search below:

Find my Dream Home

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