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Fall Housing Market Update for Champaign County!

by Rose Price

Fall is a great time to buy your dream home! Less competition from other home buyers, pleasant weather, and year end tax breaks are just some of the benefits of buying during the season. The strength of the housing market in Champaign County this September reflected strong buyer demand and confidence in our area's economy. The stats for the month show that home sales increased with this buyer demand and inventory of homes was able to keep up, reflecting a robust and healthy market.

 


Champaign County saw a 5.9% increase in the number of homes sold in September 2017 compared to September 2016, with 199 sold this year compared to 188. The communities of Champaign, Urbana, and Mahomet all saw more homes sold in September of this year, as compared to last year. While the month of September had a stronger showing throughout the county, the year-to-date number of homes sold is down 1.2% at 2,042 from the same period last year. Median home sale price for single family homes and condominiums is down 1.4% from $154,325 in September 2016 to $152,200 in September 2017. The average number of days on market for all home sales was at 62 days in September 2017, compared to 58 in September 2016.

 

 

Although these stats reflect benefits for buyers in particular, sellers should take advantage of the tight inventory of homes on the market and high buyer interest.

 

Now is the perfect time for Champaign County homebuyers, especially first time buyers, to take the plunge. Interest rates are below 4%, according to the Federal Home Loan Mortgage Corporation.

 

If you are interested in Buying or Selling your Champaign County home this fall, give Champaign Rose a call today or visit my website at http://www.champaignrose.com/.

 

 

Information from Champaign County Association of REALTORS®

 

Greatest Midwest Food Town Celebration!

by Rose Price

Champaign-Urbana has been named The Greatest Midwest Food Town by Midwest Living!!! We cannot say that we are surprised! There are endless delicious and unique restaurants, cafes, food trucks, and more located throughout the Champaign-Urbana metro area. Come celebrate our town's victory at the Greatest Midwest Food Town Celebration!!! Representatives from Midwest Living Magazine will be heading to town on Saturday, September 9th, from 9:00 am to 6:30 pm for a day filled with fun, food celebration. Enjoy a full day of delicious samples, foodie raffles and prizes, live performances, games, and so much more!

 

 

9:00 am – 11:00 am | Urbana's Market at the Square

Corner of Illinois & Vine Streets

Activities

​​

12:45 pm – 2:45 pm | The Blind Pig Brewery

120 North Neil Street

Activities

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4:00 pm – 6:00 pm | Grange Grove at Memorial Stadium

South 1st Street

Activities



Want to live in the Greatest Midwest Food Town?! Check out our Current Homes for Sale! Give Champaign Rose a call today or visit our website at http://www.champaignrose.com/.

 

Image Credit: Visit Champaign County

Tips for Spring Home Buyers and Sellers in Champaign/Urbana!

by Rose Price

Spring is fast approaching. As the flowers bloom and the weather warms, home buyers and sellers start looking to enter the real estate market. If you are ready to Buy or Sell you home in Champaign/Urbana this spring, it is important to be prepared and know what to expect. Here are my helpful tips for spring buying and selling in our area.

 

Spring Buyers!

As a buyer, your first step is to know the Champaign/Urbana market. Research what housing options are available to you as well as the current list prices. Before you begin to seriously search for your new home, it is important to have your Financing situated ahead of time. This allows you to accurately know what you can afford and makes you a more attractive buyer when you enter negotiations with a seller. Realize that the spring market means increased competition from other potential buyers. Once you find your dream home, you want to stand out from other offers. Consider writing a personal letter to the seller expressing why you love their home and know that it would be a good fit for you and your family. Also, remain flexible during the negotiation process to ensure that you can get the home you want.  


 

Spring Sellers!

As a seller, you need to know Your Home's Value before you list. This will enable you to price your home correctly. Since other sellers will be listing their homes this spring, you want to stand out from the competition. You can do this by improving your home’s curb appeal, staging your home, and completing any home improvement projects. Consider some updates to your home that will give you a great return on investment. To get top dollar for your home and sell it quickly, work with Champaign/Urbana’s Top Realtor!






Champaign Rose is here to help you buy or sell this spring!  Give me a call today or visit my website at http://www.champaignrose.com/ to get started today.

Enjoy a quiet and luxurious lifestyle in this Tudor Home located in the beautiful Yankee Ridge Subdivision in Urbana, Illinois. With low country taxes and amazing modern amenities, you will experience the best of both worlds in this home. This 4 bedroom, 3.5 bath home has 5,736 square feet of living space. You and your family will love to call this beautiful house a home.

The main level of this stunning home features all the amenities you could need. You will have ample space for entertaining between the Great Room, featuring a cathedral ceiling, and large living room. Both of these rooms will keep cozy all year round in Urbana with their fireplaces. Your family will love to gather in the amazing open kitchen. The kitchen has been beautifully updated with corian countertops and cherry cabinets. With a built in oven, range, microwave, refrigerator, and TWO dishwashers, cooking in this fabulous kitchen will be a breeze. Your family can gather in the attached sunroom as breakfast, lunch, and dinner are prepared. The main level of the home also includes a formal dining room and guest bedroom. You will love the stunning hardwood floors throughout the level, plenty of natural light coming through all the windows, and central vac system!

 

 

Walk up the staircase to the second floor where you will find spacious bedrooms. Stay warm on those chilly winter nights by the fireplace in the Master Suite! There are two other large bedrooms on this floor with ample closet space in each. You will also find a spacious bonus room on this floor. Whether for a sewing room, home office, or play room, this space will cover whatever your family needs. The second floor features all new flooring.

 

 

You will love to unwind in the beautiful yard surrounding this Urbana home. The yard has been perfectly maintained with professional landscaping. The property overlooks a wooded commons area in the Cul de sac and is conveniently located near Meadow Brook park. This property is perfect for those that love the peace and spaciousness of the great outdoors while still being close to all the amenities that the Urbana metropolitan area has to offer!

 

For more information about this home located in Urbana, click HERE. Give me a call today or visit my website at http://www.champaignrose.com/ for more information!

5 Fall Home Staging Ideas for your Champaign Listing!

by Rose Price

Fall Home Buying in Champaign-Urbana!

by Rose Price

Spring and Summer are seen as the peak home buying seasons…..but FALL might truly be the ultimate season to buy. With many families settled into their new homes at the end of summer, there are amazing opportunities to find your dream home in a market with less competition and stress. Looking to buy a home in Champaign-Urbana? Use the season to your advantage! Here are the top reasons why you should purchase your new home this fall and not wait until the weather starts to warm up again next year.

 

Sellers with Homes still on the Market are Anxious to Sell

After having their homes listed all spring and summer, many sellers are worn out. Their homes might still be on the market because their asking price was too high during the warmer months. Now, they are looking to make a deal and are often more willing to lower their price in order to do so. As a buyer, use this to your advantage. You will likely have more success offering a lower price on a home in the fall than you would have previously.

 

Sellers in the Fall are Looking to Move

Sellers that leave their homes listed in the fall are doing so for a reason….they need to move. Whether it’s for a new job or because their new home is ready, these sellers are more serious about moving on to their new homes and need to have their current homes sold as soon as possible. They will likely be more open to negotiation in order to close the deal, especially before the upcoming holiday season.

 

You will have less Competition from other Home Buyers

Since fall is considered an off-season for real estate, there tends to be far less competition. The decrease in demand on the buying side does not translate to less inventory, however. There are still plenty of homes on the market! Whether it is new inventory or homes that have been on the market all summer long, buyers in the fall have a ton to choose from and are able to be more aggressive with their negotiations. Fall puts buyers in a great position of power to get exactly what you want! There are some many amazing homes currently on the market. Check out our Current Featured Properties to start the search for your home!

 

You have Lots of Resources at your Disposal

Since spring and summer are the peak real estate seasons, industry professionals such as agents, lenders, and movers, are incredibly busy. When the weather starts to cool and with many clients settled into their new homes, realtors and others have more time time opening up….meaning that you can have more of their undivided attention. This is extremely beneficial when you are looking to buy a home. Take advantage of all of the resources out there. An Experienced Real Estate Agent is dedicated to helping you move into your dream home this fall.

 

Crime Rates Go Down in the Fall

The end of summer tends to be the main months in which home related crimes, such as burglaries, occur. If you are buying your home in the fall, this allows you the opportunity to do more research prior to purchasing in order to find out about crime rates in the area and take precautions in your new home to protect yourself, if necessary.

 

Spruce Up Your New Home With End of Year Sales

The fall months are prime shopping season when it comes to home appliances, decor, maintenance goods, and more. Major retailers always offer these consumer goods at great discounts in the fall in order to prepare for next year’s trends and models. You can outfit your new home with amazing deals! Update your home with fresh paint and carpeting in September, when these goods are often put on sale. Prepare for next spring by purchasing your lawn mower in October. Create your dream kitchen in November with the help of new appliances and cookware at a discounted price.

 

Use Tax Deductions to Your Advantage

Regardless of which calendar month you purchase your home, homeowners can claim deductions on property tax and mortgage interest for your entire year’s worth of income. Payments completed prior to the loan closing will be considered tax deductible, even if they occur in November or December! You can save a considerable amount of money on the taxes you owe by purchasing your home later in the year!

 

Fall is the perfect time to Buy your dream home in Champaign-Urbana!! Call me today or visit my website at http://www.champaignrose.com.



Resource: Forbes

Boost Wintertime Curb Appeal for your Champaign IL Home!

by Rose Price

BOOST YOUR HOME'S CURB APPEAL DURING THE WINTER MONTHS!

It's easy to do with these simple steps:

1. YES....I'll Take Door Number One!

If you want to make a great impression & be remembered...start with your entry door. Even a fresh coat of paint with new hardware can make a statement! Go for a "pop" of a coordinating color and you're in for an amazing transformation!

2. BRING ON THE GREEN!

Evergreen shrubs look terrific in pots on the porch and can add a great boost to the look of your Entry way!

3. SAFETY FIRST....

Be sure your walkways are clear of snow and ice. It's that simple It prevents injuries due to slip and falls, and a shoveled or plowed driveway creates clean line that look great and imply your property is well cared for.

4. SAY GOOD-BYE TO MR. & MRS. CLAUS

Once we've reached the New Year it's time to take down the Christmas Decorations and neatly pack them away and store them for next year's festivities. Nothing is worse than a home that is on the market at the end of January...still sporting it's Christmas finest!

5. PORCHIFY!

Your porch is an excellent assest....Spring, Summer, Fall or WINTER! If you have the space, set out a Rocking Chair with a Cuddly Winter Throw or Bistro Set that is perfect for your home type that you can "stage" for the season. Let your prospective Buyers visualize what an evening during warmer months may be like spending time out there!

The "Spring" Home Selling season is HERE!! If you're considering putting your Champaign/Urbana Home on the market, the time is NOW! Use these tips to give the front of your home the extra WOW factor that will make Home Buyers want to get in the inside and take a tour!

For more Home Buying Tips give Champaignrose a call at 217-202-8843 or visit my website at champaignrose.com. You can also get great tips and ideas from my Facebook & Pinterest Page!

Top 9 Universities In Illinois. One Is In Champaign IL!

by Rose Price

Nine universities in Illinois have been ranked among the nation’s best by U.S. News & World Report, and two of them have been ranked in the top 12.  

Even more exciting...Guess who comes in at #3 in Illinois?... That's right! The University of Illinois–Urbana-Champaign.  

It doesn't surprise me, after all, it is the #11 Ranked Public University in the country. The Students and Faculty here are pioneers of innovative research, tackling global problems and expanding the human experience ever single day! Alumni of the University Of Illinois-Champaign-Urbana continue to make a significant and positive impact on our human society and with 18 Pulitzer prize winners, their track record is pretty remarkable. So it is to them we say, 

Congratulations!!!  

We are proud to have you in our communities.

The following criteria was used to rank the schools: Undergraduate Academic Reputation, Freshmen Retention Rates, Six-Year Graduation Rates, ACT/SAT Test Scores, Class Sizes and Faculty Resources, Admissions Selectivity, Financial Resources and Alumni Giving.  The analysis was based on the class that began in the fall of 2014. 

According to the report, its two “pillars” upon which the rankings were based:

"First, regionally accredited schools are categorized by their mission, which is derived from the breakdown of types of higher education institutions as refined by the Carnegie Foundation for the Advancement of Teaching in 2010. The Carnegie classification, which is used extensively by higher education researchers, has been the basis of the Best Colleges ranking category system since our first rankings were published in 1983…"

"Once schools have been divided by category, we gather data from each college on up to 16 indicators of academic excellence. Each factor is assigned a weight that reflects our judgment about how much that measure matters. Finally, the colleges and universities in each category are ranked against their peers, based on their composite weighted score."

As the report on the rankings points out, there are dozens, if not hundreds, of “intangibles,” or other factors that go into college choice decisions by students and their families. On top of the metrics measured by U.S. News & World Report, finances, location, student life, areas of specialty, sports, student activities and many other factors must be considered before enrollment. There is no real way to account for all of these intangible variables, but this list helps quantify a small portion of the variables facing future college students.

*The test scores are displayed as a range of scores of whichever test (SAT/ACT) taken by the most students

1. University of Chicago

National rank: 4

Acceptance rate: 8.8 percent

6-year graduation rate: 93 percent

Test score range: SAT math and verbal: 1430-1590

2. Northwestern University

National rank: 12

Acceptance rate: 13.1 percent

6-year graduation rate: 94 percent

Test score range: SAT math and verbal: 1390-1560

3. University of Illinois–Urbana-Champaign

National rank: 41

Acceptance rate: 59 percent

6-year graduation rate: 84 percent

Test score range: ACT composite: 26-32

4. Loyola University Chicago

National rank: 99

Acceptance rate: 63.3 percent

6-year graduation rate: 73 percent

Test score range: ACT composite: 25-29

5. Illinois Institute of Technology

National rank: 108

Acceptance rate: 50.6 percent

6-year graduation rate: 65 percent

Test score range: ACT composite: 25-31

6. DePaul University

National rank: 123

Acceptance rate: 69.9 percent

6-year graduation rate: 71 percent

Test score range: ACT composite: 23-28

7. University of Illinois–Chicago

National rank: 129

Acceptance rate: 72.7 percent

6-year graduation rate: 60 percent

Test score range: ACT composite: 22-27

8. Illinois State University

National rank: 149

Acceptance rate: 73.9 percent

6-year graduation rate: 72 percent

Test score range: ACT composite: 22-26

9. Southern Illinois University–Carbondale

National rank: 153

Acceptance rate: 81.7 percent

6-year graduation rate: 44 percent

Test score range: ACT composite: 19-26

The report also listed these Universities in Illinois that were scored but unranked. These schools didn’t fit into the parameters used by U.S. News to rank the schools (they might not use the SAT or ACT tests to admit students, for example), or they might not have been ranked by enough peer schools for the report authors to gather an accurate picture of the schools.

The Illinois schools on the unranked list are:

Benedictine University

National Louis University

Northern Illinois University

Trinity International University

Interested in more of what makes living in Champaign/Urbana so great?  Give Rose Price  a call. She'll be happy to make your dream of owning a home in Champaign/Urbana a reality!.  

Top 100 School Districts in Illinois!

by Rose Price

Once again the Champaign/Urbana IL area has 3 area school districts that have earned spots on the highly coveted list of the TOP 100 SCHOOL DISTRICTS IN ILLINOIS for 2016! With 863 School Districts in Illinois, earning a spot on this list isn't an easy task, you have to be truly outstanding in virtually every category. For the 3 School Districts that have found their way to this list, I feel they exemplify this type of achievement in their school programs on a daily basis. These districts are:

URBANA SCHOOL DISTRICT #116

 

 

TUSCOLA COMMUNITY UNIT SCHOOL DISTRICT #301

 

MOUNT ZION COMMUNITY UNIT SCHOOL DISTRICT #3

 

 

 

 

THE TEN MOST COSTLY HOME SELLING MISTAKES & HOW TO AVOID THEM

by Rose Price

The Ten Most Costly Home Selling Mistakes & How To Avoid Them

Want to get the most money for your home?

Then avoid these costly mistakes.  

The past few years the American Real Estate Market has been marked with bad news, but it seems like most markets are have turned that around; Prices are increasing, there are historically low interest rates for buyers, and the past selling season was one of the best in recent years.  

BUT

Before you list…do a little research or list with an experienced LOCAL Real Estate Agent!  Knowledge is power!  To help you here is a list of the 10 most common sellers mistakes—avoiding these, can save you thousands of dollars!

1. Selling your Home on your own

Attempting to sell your home on your own is a brave move. Before you take that step, consider everything that you're going to need to know & do in order put your home on the market, market your home, get buyers into see your home, make sure you abide by all the regulations and state codes, negotiate possibly many things along the way, then set-up all the appropriate people who need to be involved in the sales process just to close.  You really do need the expertise of a professional. Don’t believe me?… Check the numbers, those won’t lie.  For instance, homes without representation remain on the market longer and end up selling at a lower price than those with a professional at the helm. A professional agent is also their to protect you every step of the way.  

2. Not Pricing Your Home Properly

Overpricing isn't good for you! Under-pricing isn't good either! Finding the sweet spot is what it's all about.  These can be costly errors on both ends.  It is absolutely critical to understand the local housing market. This is why you NEED the experience, knowledge and expertise of a LOCAL Real Estate Professional. And I'm distinguishing between a professional and a part-time, dabbling in real estate. A Professional, like myself, that has been working & living in the Champaign/Urbana market for 20+ years, continually works on updating their own knowledge of the Real Estate market on a whole...and more importantly, what's going on in the Champaign area. They can guide you to a successful sale and protect you & your asset along the way.

3. Neglecting Repairs

This is fairly black and white, you will lose money if you don’t remedy repairs before you list your house. It’s less costly to fix things ahead of time.  You don’t want potential buyers to see these problems during a tour of your home.  When they do, the negotiation process will begin and the price you're asking will come down. If they find something larger after the sale...they will come back to you.  

4. To Clutter or Not?

Clutter can kill a deal. So declutter...it's that simple.  Everywhere!  It will help your home feel more spacious. declutter the kitchen countertops,  declutter overstuffed closets,  declutter ALL of your shelves, declutter EVERYTHING! It wont’ cost a thing other than your time and a little elbow grease and it will have BIG benefits when it comes time to sell.  


5. Listing a Vacant House

Home Buyers generally like to see a home with furniture in it, it makes the home feel warm & lived in. If it's absolutely necessary that you list your home vacant, you may want to list the services of a Home Stager or make a small investment in a few pieces of rental furniture to make the house look "homey". Sources show that vacant homes do take longer to sell and usually sell for a lower selling price. So your small investment will most likely pay for itself when your house sells.  

6. Letting your personal feelings get in the way

Don’t take negotiating personally.  This is a business transaction, probably one of the biggest of your life.  Take your personal feelings and put them aside, or let your Real Estate agent handle the negotiations while you take a break from the room. 

7. Failing to complete a full set of disclosures

There are sellers who lose money simply because they were afraid to disclose their home’s imperfections. Always Be upfront and forthcoming about all of your home’s issues. It will save you money and time, especially if the buyers end up uncovering problems themselves, AND THEY WILL.  Don’t hide anything!

8. Timing the Sale of your Home

Even a sale that misses its schedule by one day can cost you tens of thousands in extra taxes. Don’t let this happen. Talk to your accountant in advance to determine if any long-term capital gains tax breaks apply, and then time your sale accordingly.

9. Overlooking extra Expenses at Closing

Home sellers burn thousands of dollars by not requesting and confirming a list of fees and expenses prior to closing. Review the Estimated Closing Cost statements with your real estate agent before it’s time to hand over the keys. Then, request these fees in advance of closing day.

10. Using Lousy Listing Photos

This is a big pet peeve of mine. Don’t expect to sell your home for top dollar if you’re using amateur photos in your listings.   More than 90% of all buyers start their home search online, so make sure your Listing Photos are excellent…This means A LOT OF GREAT PICTURES! First impressions are important, especially when selling a home.  You won’t get a second chance to make a GREAT IMPRESSION, so don’t skimp on your photos.  

Considering selling your home in the Champaign/Urbana Area?  If you'd like more tips on Selling Your Home give Rose Price  a call at 217.202.8843.  

Selling homes is my passion and I'd be happy to assist you with this exciting time in your life. 

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Rose Price
Landmark Real Estate
One East Main Street, Suite 200
Champaign IL 61820
217-202-8843
217-352-1933
Fax: 217-378-1281