Realtor | Short Sale Expert | Plainfield, Naperville, Bolingbrook, Joliet, Aurora, Romeoville

The following homes closed in the Wesmere subdivision in the last 4 months:

• 5757 Emerald Pointe Dr. closed at $126,000 (F)
• 2020 Arbor Falls Dr. closed at $139,000 (F)
• 1902 Long Ridge Ct. closed at $140,000 (S)
• 5608 Arbor Gate Dr. closed at $140,000 (S)
• 1808 Whispering Oaks Ct. closed at $149,900
• 2007 Briar Ridge Ct. closed at $155,000
• 1627 Tall Oaks Dr. closed at $160,000 (F)
• 5606 Arbor Gate Dr. closed at $181,000 (S)
• 1715 Hidden Oaks Ct. closed at $183,000 (S)
• 1700 Heritage Pointe Ct. closed at $190,000

If you’d like to know more about Wesmere or the Plainfield area, please call me at 630-673-6233.  I love helping buyers and sellers accomplish their real estate needs.  I specialize in short sale, and residential real estate in Plainfield IL.

Julie Ferenzi | Realtor®
Plainfield IL Homes for Sale
630-673-6233

Now, you can search for homes on my site by clicking the “Search Homes” button to the right! This valuable added feature will allow you to look for homes that meet your needs all over the Plainfield and Naperville IL area… and throughout the Chicago suburbs.

If you have a question about a property that you see listed for sale, please let me know. I can tell you specific information about it that may not be available to the general public such as whether it is a short sale or if there is already a contract on it.

If you are thinking about buying or selling a home in Plainfield, please call me at 630-673-6233 for a complimentary market analysis for your home.

Julie Ferenzi | Realtor®
Plainfield IL Homes for Sale
630-673-6233

90% of all home sales that took place in the combined Clearwater Springs and Aspen Falls subdivision in the second half of 2011 were distressed home sales.  This number is kind of a big deal for two reason:

1. Only 10 single family homes have sold in the subdivision in the last 6 months, and…
2. All but 1 of them were either a short sale or foreclosed property.

60% of the homes sold were foreclosures, and 30% were short sales. The homes ranged in price from $110,000 to $205,000.  Of course the condition of the homes factors heavily into the condition of the final sales price.  Obviously the more distressed the condition of the property, the lower the sales price…

If you, or someone you know, are looking to sell a home in Plainfield IL please call me at 630-673-6233 for a confidential consultation.

Julie Ferenzi  | Realtor®
Plainfield IL Short Sale Specialist
630-673-6233

The amount of foreclosure proceedings for 2011 are up from 660 new pre-foreclosure filings in 2010 to 944 new filings in 2011. These numbers are from January 1st through November 30th for both years.  Until the end of this final month of the year I won’t have the final yearly totals, so I compared both years through the end of November to keep the comparisons consistent.

This is not good news for anyone looking to sell a home as a regular residential sale in Plainfield IL anytime soon. These homes will most likely sell at discount through either short sale or through foreclosure, which will continue to drive down the prices of regular residential real estate throughout the community in the long term.  But really, how much lower can prices get?  I can’t believe the closed comps on some of the single family homes throughout Plainfield.  Maybe prices will plateau sooner than later, because without giving them away, we’ll have to hit bottom somewhere above… well, free?

If you have to sell your home because you are behind in payments and are facing foreclosure, call me to confidentially discuss your options and learn if a short sale it the right answer for you.

Julie Ferenzi | Realtor®
Plainfield IL Short Sales
630-673-6233

In the month of November 2011, there were 77 new properties that began the foreclosure process in Plainfield, IL.  In November 2010, there were 79 new properties that began the foreclosure process.  Not really much of a change when comparing  market snapshots for the same time year to year.

Illinois is a judicial state, meaning that the lender must take legal action against the homeowner in a court to regain ownership of the property.  From the time the Lis Pendens is filed the owners have anywhere from 6 months upwards of nearly 2 years before the lender takes back the property.  Some lenders work faster than others, while some lenders seem to almost passively pursue the ability to reclaim the property.

I have seen some lenders set auction dates as early as 8 months after the Lis Pendens have been filed, and I’ve also had clients miss payments for 2.5 years before the auction date was set.

If you’ve missed payments on your home in the last 2-3 months and don’t know what to expect, I can help.  I have been helping homeowners all over Illinois sell their homes through short sale, and help them get back on track and into a rental property when the sale is complete.  I have also recently started working with a true credit repair agency that can help you get control of your financial situation and rebuild your credit after missing payments affects your credit.

Call me at 630-673-6233 to discuss your options confidentially.

Julie Ferenzi | Realtor®
Plainfield IL Short Sale Specialist
630-673-6233

I like change as long as it doesn’t change the things that already are.  I’m the kind of person that needs something to come home to.

With the recent new construction in the area of Van Dyke Rd. and Lockport St. I have been reminded me that the staples that were here when we moved to Plainfield 12 years ago, are what I first fell in love with in this town.

If you get a chance to stop somewhere for lunch or dinner sometime soon… check out Larry’s Diner!

Julie Ferenzi | Realtor®
Plainfield IL Homes for Sale
630-673-6233

I was so excited to see renovations being done to the commercial unit that had once been a Blockbuster store at Caton Farm Rd. and Rt. 59  in Joliet 2 weeks ago.  At first I couldn’t tell what it was going to be, but was super excited when I caught a glimpse of the interior just this week.  A new Dunkin Donuts should be just about ready to open judging from the looks of the inside… and that my friends could be VERY dangerous for me and my waistline )

I’m most excited about it’s proximity to the kids soccer fields at Van Horn Woods, mainly because for all of those cold and chilly soccer games this past fall, a nice hot cup of coffee will come in handy this spring!  (and if a few dozen Munchkins happen to find their way onto my order, I can’t be held responsible!  I’m weak… so, so…. weak!)

The upside to seeing new businesses open is that corporate projections must be positive enough to indicate that consumers are in the mood to spend.  Looking forward to seeing some of these empty commercial buildings get leased again to new business owners!

Julie Ferenzi | Realtor®
Plainfield IL Homes for Sale
63-673-6233

In October, 74 single family homes sold in Plainfield IL.  The homes ranged in price from $89,000 all the way up to $635,000.

While the number of distressed home sales is still holding steady at an alarming 38.9%, we are down from the 50% ratio that consumed most of these reports in 2010 and earlier this year in 2011.

Of the 74 single family homes that closed in Plainfield, 18 of these homes were bank foreclosures that made up 24% of the total sales for the area in October.  Another 11 single family homes that closed during the same time were short sales, consuming 14.9% of the market share.

Without being either pessimistic, or overly optimistic, seeing numbers under the 50% mark is encouraging.  Unfortunately, the lack of any improvements in the economy, or in the unemployment numbers, makes me wonder if these numbers are going to be short lived.

If you are having a hard time making your payments, or are facing foreclosure, call me to discuss the possibility of doing a short sale.  Banks are working with homeowners in default to allow them to sell their homes for less than what they owe.  In addition to helping you sell your home, I also refer my clients to a company that helps you get back on track financially.  Selling your home is only the beginning of recovering from a financial hardship.  Call me today at 630-673-6233, to see how a short sale can put you on the path to financial recovery.

Julie Ferenzi | Realtor®
Plainfield IL Short Sale Specialist
630-673-6233

Several months ago I lost access to my website and the server that was hosting it!  FINALLY, I’m up and running and will be posting on a more regular basis.  There is a lot to report in the world of real estate these days and I’ll be making a point to make sure to to update real estate happenings in Plainfield in the days to come!

In the meantime, if you have any questions or a property in the Plainfield area to sell, please call me at 630-673-6233.

Julie Ferenzi | Realtor®
Plainfield IL Homes for Sale
630-673-6233

Tomorrow starts the beginning of the fall sports season here in Plainfield, and parents all over town are going to be filling up their minivans with kids in uniform!

The parks will be host to baseball, soccer and football games all throughout town.

There are several sports organizations in Plainfield available to register for these sports, including travel teams. You can register your child for football and/or cheerleading through either Plainfield Junior Cats (PJC) or through the Plainfield Saints. For soccer you can register through the Plainfield Soccer Association (PSA) which includes both recreational and travel teams.  If you have a baseball or softball player in the family, you can register your child with the Plainfield Athletic Club (PAC). My kids have been playing soccer and baseball on these teams for the last 8 years, and I look forward to the start of every season.

I have enough jerseys at this point to clothe several teams from our personal collection… yet somehow we have ended up with more than our fair share of burgundy jerseys, lol.  But maybe that is actually a good thing considering the running joke that with our 6th child on the way that we are somehow attempting to have our own sports team.  I guess we’ll all just be wearing burgundy uniforms in the delivery room!

Julie Ferenzi | Realtor®
Plainfield IL Short Sale Specialist
630-673-6233