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Displaying blog entries 11-20 of 31

Spread Holiday Cheer And Sell This Season!

by The Rullo Team

Spread cheer by selling your home this holiday season! We understand the impulse of taking your home off the market until the beginning of the new year. But, December can actually be a great time to sell! Here are the top reasons why you should sell your Fox River Valley home during the holidays!

 

1. Enjoy Less Competition!

Other people in your area will undoubtedly take their homes off the market or delay listing their homes. This will reduce the inventory of homes and make it more likely that your home will rise to the top of the search lists. With less competition, you have better chances of your home being sold.

2. Your Home Looks And Smells Festive!

Staging is taken care of during the holidays with your warm fireplace, festive decor, and delicious smells of home-baked goods. This homey ambiance can create feelings of nostalgia within the buyer and urge them to make an offer. Just make sure you don't go overboard with decorations. You still want buyers to be able to imagine themselves within the home as well as show off the best features of your home without distracting clutter.

3. Serious Buyers Look During The Holidays!

Any buyers that are still looking during the holiday are ready to buy NOW! These buyers have either been looking for a while and have yet to find something we love or they have just entered the market and need to buy quickly. Either way take advantage of their desire to find a home as soon as possible.

4. Buyers With Children Are Utilizing the School Break!

There are prospective buyers that use the holiday season to find a home in order to get their children settled before school starts up again in January. These are more serious buyers that are actively lookin g to find a home as soon as possible.

5. Closing Is Faster!

The spring time is a busy time for lenders. That means that buyers have to wait longer to get their loans processed and approved. The slow down in the housing market in December makes the lending process move quicker which means closing can occur much faster!

6. Change Your Strategy To Sell!

Don't take your home off the market during the holidays even if it has been on the market for a while now. Instead, use this time to adjust your strategy. Is your asking price what it should be? Is there a different way you could stage your home? Are there things you could fix up?


 

If you are interested in Selling Your Home This Holiday Season, give The Rullo Team a call today or visit our website at http://www.therulloteam.com/.



Information Source: Realtor.com®

 

Get the Truth on the Myths of Home Buying!

by The Rullo Team

Buying a home is a major step! And, for first time home buyers, it can seem like a daunting task. There is plenty advice out there about what steps to take, the process, financing, and more….but unfortunately there are also a lot of misconceptions and misinformation. It is important to know all the facts before setting off on your journey to find your dream home. Here are 9 myths about home buying that we are happy to debunk for you!!

 

Myth 1: Looking for a House is Your First Step.

The initial search for the home is undoubtedly the fun part of the process. You know your list of desirables and you have the internet at your fingertips to help you find your dream home. BUT, there is a lot of information that you need know ahead of time before potentially getting your heart set on a home. Your first step should be to make sure that your credit is in top form AND get pre-approval for a mortgage. These steps will help you determine your budget and allow you to search for houses that are in an appropriate price range. Plus, pre-approval for a mortgage will help you during the process as it makes you more attractive to sellers.

 

Myth 2: Your Best Finance Option is a 30-Year Mortgage.

Many home buyers think that by selecting a 30-year mortgage they will automatically save money since they have a longer period of time to pay off the loan. Although monthly payments on a 30-year are lower than a 15-year mortgage, you will end up paying MORE in the end since you are borrowing the same amount of money for both BUT are borrowing for twice as long and at a higher interest rate with the 30-year option. Look into all loan options out there before making a decision. A 30-year fixed mortgage might be the best option for you or there might be another loan that makes more sense. Stay open and do plenty of research ahead of time to make an informed decision. Check out our helpful Finance Information for this step of the process.

 

Myth 3: Your Down Payment has to be 20%.

Although a 20% down payment allows you to avoid paying for Private Mortgage Insurance (PMI), it is not always the required amount from lenders. If you are willing to pay the monthly bill for PMI, you may be eligible for loans with a 5% or 10% down payment. Otherwise, there are also FHA loans and other down payment assistance options that you may qualify for.

 

Myth 4: The Down Payment is your Only Cost Upfront.

The down payment on the home will never be the only cost you have to pay up front. There are always added costs for credit reports, inspections, insurance, and more that home buyers need to account for. Additionally, the negotiated deal for the house could include you being responsible for the closing costs.

 

Myth 5: You are out of Luck if you have Bad Credit.

Having good to excellent credit definitely helps when it comes to buying a home. But, even if your credit is not great, you can still be eligible for some financing options. FHA loans can offer low down payments to buyers with bad credit. Be sure to do plenty of research ahead of time though regarding your loan options. Something that might look great at first, might not be great in the long run.

 

Myth 6: Home Inspections Aren’t Necessary.

A home inspection is ALWAYS a crucial step in the home buying process. Even if you are worried that you might lose out on the house to a buyer that waives the inspection, it is worth the risk. There is far more risk in buying the home as is without knowing any hidden issues with it. You will save a ton of money and time buy spending the money upfront to inspect the home.

 

Myth 7: You Must Offer the Asking Price.

You found your dream house and you don’t want to risk losing it…..so you have to offer the full asking price, right? Although there can be competition when putting an offer on a house, you do not need to offer the asking price. Sellers will often be willing to negotiate with buyers who have awesome credit, a pre-approved loan, and a ready down payment in order to ensure that the house gets sold as soon as possible. You also do not need to offer the full asking price if the home inspection you got exposed some issues with the house. You can negotiate a price based on what the inspection found.

 

Myth 8: You Don’t Need a Realtor.

It is important to work with an Experienced Realtor during your home buying process. Although the internet might make it appear like it is easy to buy a home on your own, there is a lot of valuable information that realtors know that can assist you. We understand the market, know exactly what to look for, have experience negotiating, and so much more. The experience will seem a lot less stressful having someone knowledgeable on your side along the way!

 

Myth 9: Choose A Home Based On Your Current Lifestyle Only.

It is important to recognize what you need in a home immediately as well as in the future. Whether you are planning on having children someday or not, buying a home in a neighborhood with good schools should be on your list of must haves. Research has shown that homes in such neighborhoods have higher resale value, so if you ever consider selling in the future you are setting yourself up for success. Also, consider other lifestyle needs that you might develop over time. If you plan on being in your home for the long haul, make sure that what you will want in 10, 20, or 30 years from now is available in the home and neighborhood that you selected. 

Protect your Pets from the Stress of Fireworks!

by The Rullo Team

 

 

With the celebrations of the 4th of July tomorrow, it's important to protect your pets from the stress of the loud noises of Fireworks Displays that will fill the nighttime sky.  Pets are under stress from loud auditory sounds throughout their daily lives;  police cars, ambulances, firetrucks, construction and more.  However, firework displays are far greater than the 120-decibel pain threshold for pets...fireworks are in the 170-decibel range!  Below are some tips to help alleviate the stress and keep your pets safe:

1. DO NOT TAKE YOUR PET TO THE FIREWORKS DISPLAY!!

2. Keep them in a quieter, interior room to help shield from the noise.

3. Turn on the Television or Radio to add some everyday background noise that can interfere with the loud noises outside.

4. If at all possible, have a family member stay with your pets during this time.  Especially if you have a new pet!

5. Make sure the room you put them in does not have an easy escape route.  The number of pets that try to escape their situation during fireworks increases substantially on the 4th.

6. Check to be sure that your pet has identification tags or is chipped, in case they do escape the home.

7. If you've chosen to have fireworks at your own home, make sure you've cleaned up the debris as it will be toxic for pets...especially when being chewed on.

8. When returning from a fireworks display, try to be calm upon entering your home and keeping loud everyday home noises to a minimum.  

The Rullo Team wishes everyone a happy & safe Independence Day!

Best Places to Raise A Family in the Fox River Valley!

by The Rullo Team

The Fox River Valley is home to some of 2018’s Best Places to Raise a Family in Illinois! Financial website WalletHub recently released their list of the best cities for families throughout the state. When the results came in......5 Fox River Valley communities made it in the top 50! Congrats to St. Charles, Oswego, Batavia, Geneva, and South Elgin!

 

Families know that these cities are the best places to lay down roots. Looking at 222 communities across Illinois, WalletHub determined their rankings based on 21 key indicators. They examined a variety of family important amenities and factors, including median family incomes, housing affordability, quality of schools, access to parks and entertainment, and so much more. Find out how our area communities stacked up!



 

Best Places to Raise a Family in Illinois

City

Overall Rank

Total Score

Family Life & Fun Rank

Education, Health, & Safety Rank

Affordability Rank

Socio- economics Rank

St. Charles

21

67.12

101

60

24

41

Oswego

29

65.88

92

67

39

20

Batavia

38

65.09

136

87

16

27

Geneva

49

63.5

117

33

76

51

South Elgin

50

63.49

68

94

40

86

 

If you are interested in Buying a home in one of these amazing, family-friendly communities, check out our Current Homes for Sale. Give The Rullo Team a call today or visit our website at http://www.therulloteam.com/.   


 

St. Charles Ranked As One of the Best Small Towns in America!

by The Rullo Team

Escape the hustle and bustle of larger cities by finding a quaint, tight knit smaller community instead. Many small towns across the country are filled with spectacular amenities while offering short commutes to larger metropolitan areas. They are perfect for families and individuals who are looking for more space, affordability, and a high quality of life. Looking for the perfect small town to call home? Come to St. Charles, which was ranked among the Best Small Cities in America!


Financial website WalletHub recently conducted a study to rank America's smaller cities based on affordability and quality of life. The study ranked 1,268 cities across the country that had populations between 25,000 and 100,000. It focused on 33 key livability indicators. These indicators included a variety of factors that contribute to a high quality of life such as housing costs, quality of school-system, access to amenities and entertainment, commute time, recreational facilities, and more.

 

When the results came in......St. Charles was ranked at the top of the pack!

 

 

 

Interested in Buying your dream home in this great American small town? Check out all the Current Homes for Sale in St. Charles! Give The Rullo Team a call today or visit our website at http://www.therulloteam.com/.   


5 Fall Home Staging Ideas for your Fox River Valley Listing!

by The Rullo Team

 

 

Illinois Schools Rank in the Top 15 in the Country!

by The Rullo Team

It’s almost time to head back to school! The quality of the local school districts within a state helps strengthen the local economy, improve home values, and creates a sense of pride. We are happy to announce that our state has made the grade.......Illinois was ranked as the #13 state with the best school districts in the country!!!


To determine the rankings, financial website Wallethub compared all 50 states and the District of Columbia and looked at two key dimensions, School System Quality and School System Safety. Within these dimensions, 17 metrics were used to evaluate the scores. These metrics included factors such as student to teacher ratio, standardized test scores, dropout rate, percentage of certified teachers, school safety, and disciplinary incident rates. Illinois came out at the top of the class! Not only did our state rank 13th for the overall score, but the School System Quality ranking was the 14th best in the country! Our students continue to excel academically, earning the HIGHEST average SAT scores of all the states!


Our local Fox River Valley school districts are stand outs amongst the state’s great school districts, according to Niche.


Indian Prairie Community Unit School District No. 204  ranks #7 in Illinois! This school district has an average graduation rate of 99%! It ranked 5th overall in the state for college readiness and 6th for best teachers! Current Homes for Sale in Aurora.


Geneva Community Unit School District No. 304 ranks #14 in Illinois! This school district received high grades for academics, teachers, clubs & activities, and health & safety! Current Homes for Sale in Geneva.


St. Charles Community Unit School District No. 303 came in at #20 (Current Homes for Sale in St. Charles) and Batavia Unified School District No. 101 at #30 in Illinois (Current Homes for Sale in Batavia). Both of these school districts are recognized for having excellent academics, teachers, and administrations.


Get your child on the path to academic success by enrolling them in one of these fantastic school districts today!


Congrats to Illinois and our local Fox Valley school districts for your recognition and for proving why there is no better place to call home!!!

Congrats! You’ve decided to sell your house in the FOX VALLEY  area! After all the years of love in your home, though, you want to make sure that you get the most for it. All homes go through wear and tear that mightnot be noticeable to you over the years but will surely stand out to potential home buyers. In order to make the best sale for you and your family, you need to decide what repairs and upgrades should be done before listing your home on the market. It is important to go through each room with a critical eye and see what fixes are necessary.  

Selling your home and negotiating the sale can be a daunting process but you do not need to go through it alone! A great Real Estate Team to assist you along the way. When deciding what fixes should be made, your real estate agent can provide you with crucial help. They will know what changes are absolutely necessary before placing your home on the market and what can be negotiated in the final deal.  

There are several simple things you can do that won’t cost an arm and a leg and will help your home look its best! We have great suggestions on ways that you can maximize your sale. Here are the Top 9 Home Repairs or Upgrades to Make Before Selling Your Fox River Valley Home!

Add a Fresh Coat of Paint – The fastest and cheapest way to make your home look inviting to potential home buyers is adding a fresh coat of paint.Go through your home to see which rooms really need it. It is not necessary to repaint every room home. For the ones in need of some sprucing, choose light, neutral colors that will appeal to everyone. Also, make sure to remove all wallpaper! Wallpaper can be a great accent to any room but everyone’s tastes are different. By removing the wallpaper and using light paint colors, the new owners have total flexibility in how they want to make the home their own.

Fill in Nail Holes and Cracks – This one may seem obvious but you should fill in all nail holes and cracks. This simple fix will help any room appear new and will avoid buyers feeling like they have a lot of work that needs to be completed. Spackle the holes and cracks, sand it, and add a fresh coat of paint.

 Provide Adequate Lighting – Lighting throughout your home can have it looking its best. Make sure that all of the rooms in your home have adequate lighting. Replace any outdated light fixtures. Ensure that all lights and switches probably work. If needed, fix any potential electrical issues that might kill the sale. Along with lighting, natural light is very important. Use light drapes on the windows that allow for maximum sunlight to come in and really make the room shine!

Hardwood Floors – Hardwood floors are attractive to potential buyers. These floors can also take a beating over the years. You do not need to spend a ton of money replacing the floors though! Make the floors look brand new refinishing or polishing them! 

 Kitchen – The kitchen is truly one of the most important rooms in the home and is something that buyers definitely make decisions based off of. Full kitchen remodels are expensive and not necessary when selling your home. It is important, however, to make some simple fixes to make the kitchen look its best. Be sure to refresh the paint and replace any outdated or broken fixtures. If necessary, refinish or paint the cabinets. Granite and marble countertops can help sell your home. If there is money in your budget, replace the countertops to automatically make your home more attractive. Before showing your home, make sure that your kitchen is clean and uncluttered.

Bathrooms – Like the kitchen, the bathrooms in a house can make or break a deal. You want it to look brand new! The first step is a deep cleaning. Scrub the grout and replace any missing tiles. Fix or replace any plumbing issues. Ensure that the lighting in the bathroom is bright.

Maintain Appliances – Make sure that all appliances currently in the home are functional. Appliances are an added bonus for home buyers, but no one wants the stress of knowing they are going to have to be soon 

replaced. Provide any warranties for the appliances to your real estate agent. By having functional appliances, you are showing pride in your home.

Functionality – Along with functional appliances, make sure that everything else in your home is in working order. Replace broken doorknobs and locks. Have a creaky door? Remove the squeak by applying WD-40 or a natural oil to the hinges. If your home has a garage, make sure that the garage door is properly working.

Exterior – Now that the interior of your home is looking its best, it’s time to tackle the outside! After all, the exterior of your home is the first thing that buyers will see. You want your home to look like you take pride in it! We often get storms in Illinois that can cause wear and tear on the outside of the home. Repaint or replace broken siding. Refinish porches, patios, and fences. Keep the landscaping clean and attractive. You want the buyers to be excited to see the rest of your home as soon as they arrive.

For more helpful Home Selling Tips, give The Rullo Team a call at (630) 513-1771 or check out or website at http://www.therulloteam.com/.

Geneva IL It's a GREAT Time to SELL Your Home!

by The Rullo Team

 

As we've been talking about for several weeks now, the Spring Market has SPRUNG! Albeit a bit earlier than normal, don't be fooled by the white fluffy stuff on the ground, if you're considering SELLING your Geneva, IL Home in 2016, the time is NOW!

Why are we telling you this? It's simply;

  • Inventory of Homes is Extremely Low Right NOW 
  • Buyer Demand is High
  • Competition it Low
  • Home Values have Risen
  • Home Prices are higher than they've been in 5 Years!
  • Interest Rates are Still LOW...but they ARE NOT GOING TO STAY THERE!

Right now in Geneva IL, ONLY 4 area's have 6 months of Home Inventory (considered a healthy, average level of homes for sale) they are:

 

 

ALL other area's within Geneva are between >6 Months to 0 Zero Inventory!!!  Meaning there are not enough homes on the market to sustain even 1 month in several cases! Home Sellers, this is a HUGE SELLERS MARKET OPPORTUNITY!! If you are living in Randall Square, Geneva East, Pepper Valley, Sunset Meadows and Fisher Farms and are thinking of SELLING your HOME, give one of our EXPERIENCED TEAM MEMBERS A CALL.

We'll help you get your home ready for the market so that it can garner top dollar while still being sold in the minimum number of days.
If you'd like to find out what your GENEVA HOME IS WORTH in this fantastic new market, visit this link and receive a FREE, No Obligation Home Value Report Instantly! FREE HOME VALUE REPORT 
Then give us a call and we'll strategize on putting a SOLD sign in your yard!
Don't miss this AMAZING opportunity! Whether BUYING, SELLING or INVESTING in REAL ESTATE IN THE FOX VALLEY.....The Rullo Team can help.  The Right Realtor ALWAYS Makes the Difference!

Home Seller Pricing Mistakes

by The Rullo Team

Making the decision to put your Home on the market is a big one....pricing your home is the next big decision you need to make. Make no mistake, no pun intended, this is as big as the decision to put your home on the market in the first place. If you price your Home too high you won't get any Home Buyers coming to your door. If you price your Home to low, you leave your money on the table. Worse yet, you only get 1 "deputante party" so to speak so you need to get it right...the first time!

We've said this before and we're not going to beat a dead horse but, finding an experienced, knowledgeable Real Estate Team should be the very first task on your "To Do" list. Whether it is or isn't and you're at the pricing point, there are so many mistakes you NEED to avoid. Here are the big ones:

1. "I Paid this...So it's Worth That!"  You cannot base your current selling price on the price you paid for the home, even if that was just one year ago! Home Buyers don't care what YOU paid for the home, they only care about getting the best deal THEY can get for the home in TODAY'S MARKET. They also don't care about what you may have left on your mortgage. These are NOT topics you want to discuss, as the potential buyer may get completely turned off. You need to know the sterile numbers, plain and simple. What is your home worth in today's market.

2. Leaving too much room to Negotiate.  This is the first thing that comes to everyone's mind at some point. But the days of extreme negotiations and lowball offers are gone. Real Estate is not a game to be played. Today's Home Buyer's are very informed, educated, will know if they're getting a deal on your property- if it's a little under priced, or if you've overpriced it. That's why you NEED to know your local market and price appropriately for you and your situation to attract the right home buyer. When you do attract that buyer, your home will be snapped up off the market. 3. Know your Competition.  Don't assume you know all about the homes on your block or neighborhood, just because you've lived their for years! Small differences can add up to big differences in price! If your neighbor added an extra full bath a year ago, or a friend next door added a beautiful fieldstone Fireplace in their Living Room, those amenities WILL be taken into account for the Selling Price. Do your homework and peruse the local listings and Real Estate Books - if you can find them...if of course you're not already using an experienced & knowledgeable local realtor.

4. Basing your home on a Neighbor’s asking price.  Just because your neighbor is asking a certain price doesn't mean their going to get it, or that they priced the house appropriately. It's critical that you always do your own homework. Find comparable homes in your neighborhood, with the same type of amenities and find out their prices. You also need to take into account how quickly you need to sell your home. A home in your neighborhood may be priced lower than the others, because they need to sell it fast. Due diligence on your part makes for a happy, successful and profitable home sales process.

5. Renovation Reimbursement Expectations. It's logical to want to recoup your renovation expenses when you sell a home. However, remodeling projects on a whole offer an average of 62% return on investment. It's very important to keep that in mind when you're deciding on "what to remodel or renovate".  You should always look at what brings the best ROI, not just what brings you the most happiness. That's why it's good to stick to cosmetic remodels before putting your home on the market.  Everyone has different tastes, what is an amazing choice to one person might be abhorrant to another.  Another problem is expensive renovations that aren't supported by the neighborhood home prices. Stick to the basics and know what your home and the neighborhood will support when it comes to selling the home.

6 Don't Get emotionally involved!  Easier said then done...we know. All Home Sellers think their home is worth more than it is. All of them.  You need to take out the memories of raising your wonderful family there and all the personal attachments you feel to the home when you're going to sell it and look at it as just a house...not your home.  When you can do that you'll see what the Home Buyers are seeing.  They are not going to pay a premium for a house that you are looking at differently because of your emotional attachment to the home.

7. Making a Quick & Decisive Price Change.  If it happens that you've gone several weeks without any offers, then you've priced your house too high. At this point it's critical that you make the move at bring the price down now. Instead of having to make "minimal price changes" frequently, while your Home Listing gets older and older, make a large and decisive cut in the price. Usually a cut of $10,000 or more, and this will get the attention of Home Buyers. It will show them that you are serious about selling the home.

For more Home Selling Tips give one of our experienced Team members a call or visit our website or Facebook page. If you're considering Buying, Selling or Investing in Real Estate in the Fox Valley we're here to help. You can contact us at 630-513-1771 or www.therulloteam.com 

Displaying blog entries 11-20 of 31

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