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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!

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.

 

Enjoy Life In The Fox River Valley On Two Wheels!

by The Rullo Team

National Bike Month is right around the corner! But, that doesn't mean you need to wait to hop on those 2 wheels! Now is the perfect time of year to leave the car at home and explore our beautiful communities on your bike. Biking helps protect the environment and promotes healthy living! The stunning natural environment of the Fox River Valley along with the bike-friendly cities make it the perfect place for cycling enthusiasts. There are hundreds of miles of bike trails for you to explore. So strap on that helmet, pump up those tires, and enjoy biking in the Fox River Valley!


 

Fox River Trail

 

 

Bike along 30 miles of banks of the Fox River. This great trail provides access to some of your favorite Kane County natural spots and recreational facilities.

 

Great Western Trail

Get away from it all along this quiet, natural oasis. The trail is approximately 17 miles long. When it isn't used for biking in the summer, snowmobilers enjoy the route after heavy snowfalls.

 

Illinois Prairie Path

Enjoy 62 miles of biking trails through thousand-year-old prairie lands! Fun fact: the IPP was the country's first successful rail-to-trail conversion!

 

Virgil L. Gilman Trail

Explore wetlands and marvel at the local environment and wildlife on this beautiful 12-mile trail. It features a beautiful, historic truss bridge that crosses the Fox River.

 


Want to discover even more trails? There are many smaller ones located throughout the parks in our area. Click on the links below to explore all the trails just waiting for you to explore!

St. Charles Bike Trails Map

Geneva Bike Trails Map

Batavia Bike Trails Map   

 


The amazing recreational facilities found throughout the Fox River Valley are just one of the many reasons it is a great area to call home. Live in one of these beautiful bike friendly communities! If you are interested in buying your dream home in the area, give The Rullo Team
a call today or visit our website at http://www.therulloteam.com/.

Fox River Valley School Districts Are Top Of Their Class!

by The Rullo Team


Report cards for our public school districts are in! Did our
Fox River Valley schools make the grade?! Educational Review and Ranking website Niche recently released their list of the top public school districts in Illinois! And, our local school districts were once again at the top of their class! Out of the 408 school districts examined, 5 Fox River Valley Districts ranked in the TOP 30 in the state!

 

#5 Indian Prairie Community Unit School District 204 | Aurora

 

 

Overall

A+

Academics

A

Teachers

A+

Administration

A+

College Prep

A+

Sports

A+

Clubs & Activities

A+

Health & Safety

A

Resources & Facilities

A-

Food

A

Diversity

A



 

Indian Prairie Community Unit School District was ranked ninth in the state as best district for athletes and 21st for best teachers!

Search all homes for sale in the Indian Prairie Community Unit School District

#13 Geneva Community Unit School District 304 | Geneva

 

 

Overall

A

Academics

A

Teachers

A+

Administration

A

College Prep

A+

Sports

A+

Clubs & Activities

A+

Health & Safety

A+

Resources & Facilities

B+

Food

A

Diversity

C-



 

Geneva Community Unit School District was ranked in the top 18 in the state for the best teachers, best districts for athletes, and safest.

Search all homes for sale in the Geneva Community Unit School District


 

#17 St. Charles Community Unit School District 303 | St. Charles  

 

 

Overall

A

Academics

A

Teachers

A

Administration

A

College Prep

A+

Sports

A+

Clubs & Activities

A+

Health & Safety

A+

Resources & Facilities

B+

Food

A-

Diversity

B-



 

St. Charles Community Unit School District was ranked in the top 29 in the state for best districts for athletes and safest districts.

Search all homes for sale in the St. Charles Community Unit School District


 

#24 Batavia Public School District 101 | Batavia

 

 

Overall

A-

Academics

A-

Teachers

A

Administration

B

College Prep

A+

Sports

A+

Clubs & Activities

A

Health & Safety

A+

Resources & Facilities

B

Food

A

Diversity

B-



 

Batavia Public School District was ranked in the top 30 in the state for best best districts for athletes and safest districts.

Search all homes for sale in the Batavia Public School District


#30 Oswego Community Unit School District 308 | Oswego

 

 

Overall

A-

Academics

B+

Teachers

B+

Administration

B-

College Prep

A

Sports

A

Clubs & Activities

A

Health & Safety

A-

Resources & Facilities

B-

Food

B-

Diversity

A-



 

Oswego Community Unit School District was ranked the 20th best school district for athletes in the state.

Search all homes for sale in the Oswego Community Unit School District

Education is a top priority for the school districts located in the Fox River Valley! If you are interested in Buying a home within one of these great public school districts, give the Rullo Team a call today or visit our website at http://www.therulloteam.com/.

Celebrate Earth Day in the Beautiful Fox River Valley!

by The Rullo Team

Earth Day is Monday, April 22nd!!! The Fox River Valley is known for its incredible natural environment and residents in our communities take great pride in all the gifts that Mother Earth has bestowed upon our area. Celebrate the great outdoors and protect our environment for this and future generations during Earth Day! There are fantastic community events taking place in honor of the day. Gather your family and join your neighbors at these Earth Day celebrations throughout the Fox River Valley.


Earth Day Tree Planting

Date: Sunday, April 20th

Time: 10:00 am - 1:00 pm

Location: Big Rock Forest Preserve (46W072 Jericho Road, Big Rock)

Help make a difference this Earth Day by helping the Forest Preserve District of Kane County plant hundreds of trees in nearby Big Rock. This is a great way to get active and help Mother Earth. This is a FREE volunteer opportunity. There is no need to register for any group less than 10 individuals. For larger groups, please call (630) 762-2741 or email volunteer@kaneforest.com to register.


Earth Day Open House  

Date: Sunday, April 20th

Time: 12:00 pm - 4:00 pm

Location: LeRoy Oakes Forest Preserve (37W700 Dean Street, St. Charles)

Head to the Creek Bend Nature Center for this extra special FREE celebration. Make nature themed crafts and complete a scavenger hunt in the nature center. Take a naturalist-guided hike around the preserve from 1:00 pm to 2:00 pm.


Earth Day Celebration

Date: Saturday, April 27th

Time: 11:00 am - 2:00 pm

Location: Montessori Academy (595 South River Street, Batavia)

This 2nd annual celebration has something for the whole family! Discover a wide variety of eco-friendly vendors, listen to live music by Make it a Double and Finn Atwood, dine on delicious food, win incredible prizes in the silent auction, and more. Your children will love the arts & crafts, bounce house, games, salad making station, henna designs, and so much more. Be sure to meet the adoptable pets and onsite wildlife! Admission for this family fun celebration is $25 per person with children under 13 years old FREE! Purchase tickets HERE!


Elgin's Annual Earth Day Celebration

Date: Saturday, April 7th

Time: 12:00 pm - 4:00 pm

Location: Hawthorne Hill Nature Center (28 Brookside Drive, Elgin)

This FREE, family-friendly event has something for everyone. Learn something new about native plants, local waterways, sustainable energy, and area food production. Enjoy live entertainment, healthy snacks, seed planting, children’s activities, arts & crafts, and so much more during this fun filled afternoon.


Happy Earth Day from The Rullo Team! Buy your dream home in one of our eco-friendly communities! Give us a call today or visit our website at http://www.therulloteam.com/ to get started!

Geneva Proves Yet Again That It Is Best Of The West!

by The Rullo Team

There is one thing that people throughout Chicagoland know to be true…..Geneva, Illinois is a great place to live! For yet another year, West Suburban Living magazine’s annual survey has shown that Geneva is the top suburb that people would want to live other than their current hometown in 2019!


Every year the magazine releases their BEST OF THE WEST, which ranks the many western suburbs and their amenities in 90 categories. The rankings are based on reader votes. Geneva has been named the most desirable town to live in more than any other community throughout the years of competition.


It is not hard to recognize why Geneva stands out amongst the pack when looking at the other categories in the list. Readers honored the town of Geneva with many other notable distinctions that when taken all together prove that there is no other place quite like this charming town. Several of the city’s stores, restaurants, and entertainment facilities were named the best in the area. Geneva is also known as a city of great community events and festivals. The annual Swedish Days Festival and Festival of the Vine were named amongst the western suburb’s best festivals. Readers surveyed also recognized the Geneva Art Fairs and Geneva French Market as some of their favorite spots to find arts and crafts and local produce and food, respectively. Other top rankings went to Island Park, Geneva’s downtown, and so much more! All of these results make it clear, that Geneva truly has something to offer everyone!


Great local schools, beautiful recreational facilities, thriving downtown, and tight knit community feel are event more reasons why Geneva is the best of the best. Want to call this incredible community home? Check out the Current Homes for Sale in Geneva! Give The Rullo Team a call today or visit our website at http://www.therulloteam.com/.  

Buy Your Dream Home With These Financial Tips!

by The Rullo Team

Buying a new home in the Fox River Valley is a major financial commitment. However, you never need to feel like home ownership is out of reach. There are several steps you can take now to help you afford your dream home!

 



Find more Home Buying Tips and Search Homes for Sale in the Fox River Valley, by giving us a call today or visiting our website at http://www.therulloteam.com/.

The Rullo's Named Top Real Estate Team In Region!

by The Rullo Team

 

 

For the 22nd consecutive year, Alex Rullo - Broker with RE/MAX All Pro in St. Charles, was honored for his production in 2018 at the annual RE/MAX R4 International Convention. Out of over 2,300 sales associates in the Northern Illinois region, Alex and The Rullo Team are ranked #12!

 

Alex and his wife Vicky Rullo, also a RE/MAX Broker, have consistently placed in the Top 1% of All Realtors Nationally. Rullo is a charter member of the RE/MAX International Hall of Fame. He has also earned the coveted Circle of Legends Award, the Chairman’s Award as well as the Lifetime Achievement Award, which is the equivalent of three Hall of Fame Awards.

 

Alex and Vicky provide their clients with the highest level of service by offering a full team of professionals with experience and cutting edge skills. The Rullo Team includes Brokers, Sandy Selander and Adam Rullo, Client Care Coordinator, Denise Huelskamp, and Special Project Manager, Kristi Capo. The Rullo Team can be reached at 630-513-1771, rullos@rullos.com or visit their website at www.therulloteam.com to view any home in the USA!

What To Look For When Buying A Home For Your Family!

by The Rullo Team

Room for a nursery? Check. Good school district? Check. Home buyers with kids (or who hope to have kids soon) know to look for properties with certain kid-friendly characteristics ... but do you know all the things you should check? Home buyers with kids have several things that they always keep in mind when they begin searching for a home. These include location within a great school district, room for your family to grow, and safety of the neighborhood. But, what about those things that are overlooked that could make a home less conducive for everyone in your family. If you are a parent and are in the market for a new home in the Fox River Valley, consider these 8 factors as you begin your search!


1. Open Floor Plan

If you have younger children, an open floor plan allows you to keep your kids in sight while you are taking care of other things, such as preparing dinner, in your home. Look for homes that have the family room, dining room, and kitchen open. Even as your kids get older and start using the basement or bonus room more, this open space will still be a perfect spot to gather together as a family throughout the day.

 

2. Placement of Bedrooms

Not only do you want to make sure your new home has enough bedrooms for everyone in your family, but you should also consider where those bedrooms are placed within the home. Decide whether you want to have all of the bedrooms located on the same floor so you can always hear what is happening in your children's bedrooms OR if you prefer the master bedroom on the first floor for some privacy.


3. Hot Items

Think about areas of the home that could get hot and potentially burn your children if touched. Radiators (though mostly found in older homes) can be hot to the touch. In addition, the glass over gas fireplaces can also become so hot that one could be burned if they accidently touch it. Make sure that you take necessary precautions if you have younger children in the home.


4. View of the Backyard

As important as it is to have a back yard for your children to play it, it is just as important to have an easy sightlight to that backyard from inside your home. This will allow you to keep an eye on your children as you do chores within the home.


5. Flat Yard

If your lot is too steep, it can make playing difficult and even dangerous for your children. Find a yard that is flat so your kids can safely play all that they want to.


6. Neighbors

Try to find out who the neighbors are in the area. Your children's safety should always be at the top of your mind when picking a new house.


7. Sidewalks

Even if you make sure not to move onto a street that has too much traffic, it can still be dangerous for kids to play and walk around outside if there aren't sidewalks in the area.


8. Walkability

Along with sidewalks, buyers with kids should pick out a home that is close to amenities. Make your life more convenient by moving to a spot that has parks, schools, restaurants, and stores within walking distance.



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 here to help you find a home that perfectly fits the needs of you and your children.

What To Look Out For During The Home Inspection!

by The Rullo Team

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 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. Look closely for these warning signs that may be indicative of the home’s structural problems.

 

 

  • 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. 

 

 

Once you know what issues to look out for, you can discuss with the home inspector before you proceed with buying the home. 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 for you this year!

Displaying blog entries 1-10 of 26

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