The 1st quarter Plainfield IL single family market report is now available.  I have interpreted this information has been taken directly from the MLS.  In a follow up post I will compare and contrast the 1st quarter of 2008 and 2009.

In the first 3 months of 2009, 157 single family homes sold in Plainfield IL.  Homes are currently selling at 95% of their asking price in 167 days on average.

100 of the 157 homes that sold this quarter were 4 bedroom homes, which was 63% of the market share of the homes sold.   There were only 9 Plainfield IL homes that sold, but those home sold at about 96% of their asking price, up 1% from the total average.  The average market time on the 5 bedroom homes were about 26% higher than the total average of 167 days.

 Plainfield IL 1st Quarter Single Family Market Report for 2009

If you, or someone you know are thinking about listing your home for sale in Plainfield IL this Spring call me at 630-673-6233.  

If you are behind in payments you may qualify for a short sale or loan modification.  Call me to confidentially discuss your options regarding foreclosure.

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

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If you are looking for Plainfield or Naperville IL homes for sale, don’t let the fear of the unknown keep you from the owning a piece of the American Dream! Here are some answers to these common questions.  “Who does what… and when?”

• Your Plainfield or Naperville IL Realtor® will probably ask you to contact a mortgage lender or broker to get pre-approved.  This is important because the lender/broker will help determine the price range you can  afford based on your income.  A pre-approval letter will help validate your offer when you are ready to make one.  Contacting  an attorney and home inspector even before you are ready to make an offer will save you time later.

• You’ve taken a tour of several Plainfield and Naperville IL homes for sale with your Realtor® and you’ve found your dream home.  Now it’s time to make an offer!

• After your offer is accepted, you’ll need to contact both your attorney and the home inspector to over-see the transaction.  The cost of the services of both professionals is anywhere from $250-$400 for an attorney and $250-$350 for a licensed home inspector.  The cost of the attorney can be included in the closing costs, but the home inspector will need to be paid for at the time that the services are rendered.

• After the attorney and and lender have the signed contract in hand, they will both “get to work” on your file.  The attorney will review the contract within the time allowed on the contract for attorney review (usually 5 days) and the lender will begin the process that leads up to underwriting your loan and have it approved on or before the loan commitment date.

• A copy of the home inspection report will be supplied to both you and your attorney, and any repairs or requests will be negotiated by the attorney’s on both sides of the transaction.  Necessary repairs will either be made or compensated for, or the buyer will have recourse to back out of the transaction provided that the inspection took place within the time-frame allotted by the contract.  It is then at the buyers discretion whether or not to proceed with the transaction, if the seller refuses to make any necessary
  repairs.

• A loan commitment must be provided by the date in the contract.  Providing timely financial information to your lender will ensure the execution of  a timely approval process in accordance with the contract for purchase.

• Once you have your loan commitment… Pack your bags!  It should be smooth sailing from here.  It looks like you’ve got yourself a new home!
  

I have worked with countless buyers over the last few years and this post answers the timeless questions regarding the responsibilities and obligations of both the buyers and sellers in any given transaction.  I love working with buyers because the excitement that comes from owning a new home is contagious!  Buyers looking for new home have an energy that can’t be beat.

If you’re looking for Naperville of Plainfield IL homes for sale, I can help!  Call me at 630-673-6233 to reserve you time with me to preview properties this weekend.

Read also: How to pay your Plainfield or Naperville House off Sooner!

Julie Ferenzi | Realtor®
Plainfield Real Estate
630-673-6233

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Valentines Day is traditionally known as the day of  LOVE… but did you know that:

• Valentines Day is the day when birds traditionally chose their mates.
• In Medieval times women ate exotic foods on Valentines Day in hopes of dreaming of their future husband.
• Approximately 1 billion Valentines Day cards are exchanged every year all over the world, making it the second largest card sending occasion next to Christmas!
• 60% of America’s roses are produced in California. 
• Nearly 110 million roses are purchased for Valentine’s Day within a 3 day period.
• Alexander Graham Bell applied for a patent on the telephone on Valentine’s Day in 1876.
• Chocolate is a popular gift on Valentine’s Day because it was once thought to be a cure for the broken-hearted in addition to an aphrodisiac.
  
• On Valentine’s Day many believe in order to find out how many children a woman will have, she should cut an apple in half.  However many seeds she finds in the apple is how many children she will bear.

I hope you found these fun facts about Valentine’s Day as interesting as I did!  Have a great Valentines Day Plainfield!!!

Julie Ferenzi | Realtor®
Plainfield IL Real Estate
630-673-6233

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