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NOW is the Time to SELL YOUR CHAMPAIGN/URBANA HOME!

by Rose Price

                                                          Can you believe that the 4th of July has come and gone?  I can't....because it means that in 8 short weeks the kids will be headed back to school!  It never ceases to amaze me at how quickly summer seems to pass.  For me summer is always busy as it is a PRIME TIME TO BUY AND SELL HOMES.  

The Champaign/Urbana Housing Market is cruising off the charts right now, and there is a very good reason for that....NOW IS THE BEST TIME TO SELL YOUR HOME, OR BUY THE HOME THAT YOU'VE BEEN WAITING TO PURCHASE!  The National Association of Realtors, along with many other housing market experts, agree on two facts:

     1. The demand for homes is at an all time high and mortgage rates are as low as they are going     be for the foreseeable future- meaning the next two years at a minimum.

     2. Although the inventory of homes did rise 2.2% in the last 30 days, inventory on a whole is still   at an extremely low level. 

When the demand for homes outweigh the supply, then it becomes a Sellers Market.  Sellers, you are then in the drivers seat.  So, if you are considering putting your Champaign/Urbana Home on the market, this is why NOW is the time to do so.

For Buyers, if you do find a home that you have fallen in love with...DO NOT WAIT TO PUT IN AN OFFER, and do not try to play hardball by low-balling the offer.  Many Sellers are receiving multiple offers on their properties, so if you are coming in with a low offer they aren't going to take you seriously and end up throwing you out of the entire process.  Instead, offer a fair price or the marketed price, and make sure you get the home.                                                                                                     

Whether you are a Seller or a Buyer, it is important to use an experienced realtor to guide you through the Home Buying/Selling process.  Someone who understands not only the Real Estate end of the transaction, but has the local expertise as well.  As someone who has lived and practiced Real Estate in the Champaign/Urbana area for 20+ years, I can give you both.  So give me a call and let me help you with all your Real Estate needs.

Selling Your Champaign/Urbana IL Home

by Rose Price

It's spring and you've always been told that this is the perfect time to put your Champaign/Urbana IL Home on the market. That's TRUE, but what else should you focus on to insure that your home sells quickly; at the highest possible price? Here are a few things to consider when you're looking objectively at your Champaign/Urbana IL Home:

You know you have an incredible house that you've put your loving touch into, but what else can you let potential Buyer's know?

 1. Are you living in an area with spectacular views of wooded lands, water, historical significance?

 2. What is your neighborhood like? Is it extra friendly where neighbor helps neighbor when someone's in need?

 3. Your local schools....what are they like, can you highlight something specific with the teachers, teaching philosophy, awards?

 4. Do you have outdoor living space? Great patio or deck, outside stove for cooking summer meals, plenty of space for entertaining?

5. Is your yard exceptionally large or beautifully landscaped?

6. Do you have a corner lot?

 7. Have you recently put on a new roof, siding, shingles, windows?

Then look inside your home and do the same.

1. Do you have a fireplace and hearth that is different than many they may see in other homes?

 2. What about your kitchen, the heart of your home? Granite or Marble Countertops? Designed by a Home Interior Professional? Center island with vegetable sink?

 3. Is your home friendly to the environment? Have you used energy efficient windows & doors, do you have solar panels, is the flooring bamboo or cork?

 4. What about storage space, mud rooms, bonus rooms?

 5. Are there beautiful hardwood floors under your carpets?

                      

The graph above shows the percentage of home buyers that felt these "Hidden Gems" were worth every penny they cost in the overall sales price of a home.

 These are all things that you want to highlight about your home, that shows the buyer the difference and special "gems" in your home versus other ones they may look at... and why your home is the only one they'll want to buy. At ChampaignRose, I look at all these special selling points with you to develop a marketing strategy that optimizes these features and in turn highlights them for potential buyers.

 If you plan to put your Champaign/Urbana IL home on the market  this spring, NOW IS THE TIME. Give me a call and I'll be happy to come to your home and evaluate all these points with you, and will share up to date market conditions here in Champaign/Urbana. Buying & Selling homes in the Champaign/Urbana IL area is what I do best! I've lived her my entire life, and participate in many community projects and events. I also am a consistent Top 1% Producer in the Champaign/Urbana area. That means I have exceptional local knowledge, most current real estate information  which will give your home the exposure and fast sale you deserve.

The Spring Housing Market Starts NOW for Champaign/Urbana IL

by Rose Price

If you are thinking of buying or selling  a home in Champaign/Urbana IL and the surrounding towns, your best opportunity could be right now... in January!  Yes, it is cold outside, and rainy, but mortgage interest rates are most likely at their lowest levels for 2014.

The interest rate on a 30 year mortgage, if you were to obtain your loan today, is 4.51%...but predictions show the rates rising by year-end to the 5.75% level.  It is even better for the 15-year mortgage as it is at 3.56% today.  Getting into the housing market early this year is going to make all the difference in the world when it comes to costs. Rates like this make it feasible for Champaign/Urbana IL home buyers and refinancing homeowners to eventually live mortgage free!

However, with the Fed announcing the pull back of the stimulus packages of the past year, the rates will start climbing soon.  In addition to mortgages and rates, inventory of homes will be a key component in buyers being able to obtain their desired residence.  At present, the ChampaigUrbana housing inventory is somewhat low...so homeowners thinking of putting their home on the market, will want to do so now.  This way they are guaranteed more of a "sellers market" and a better chance at getting the asking price of their home. Buyer demand and limited inventory does drive up prices...and the peak selling season is NOW.

Take a look at the most recent Champaign IL Market Update below:

For more information about the wonderful Champaign/Urbana IL Homes for Sale, or to learn about my Personalized Home Buying & Selling Marketing plans,  give me a call!  My experience and knowledge of the area, along with 20 years in the real estate market, will give you the confidence that ChampaignRose is the only RE professional to handle all your real estate needs.  Let Rose be "Your Resource to all Center City Districts in Champaign IL.

 

5 Reasons Why You Need To Close On A Home Before Years End!

by Rose Price

Are you debating  whether or not to make an offer on a home before the New Year begins?  Well....STOP deliberating and get out there and submit the offer!  Between changing lender rules, mortgage rate hikes and the 2013 tax benefits;   closing before the end of the year can mean significant financial benefits.  

Here are five ways you WILL benefit by closing on a home before the end of the year.

1)  New Year means new lending rules.  Lending rules are changing on Jan 1st, and that means it could become more difficult to get a loan. The new rules will allow you to borrow less, at your same income level!  The current 2013 mortgage borrowing rules allow for a 45% total debt-to-income ratio.  This ratio does go down to 43% in 2014,  meaning you will have to make or reduce your debt in order to buy the same house you are currently living in.

2) Avoid rising interest rates. Although mortgage interest rates are still pretty attractive, they are up 1-2% over last year during the same time period.  The Mortgage Banker's Association is predicting that mortgage rates will rise to around 5% in 2014.  If you decide to buy now and the rates drop...you can always refinance, but if you wait...you are stuck.

3) Maximize tax deductions.  Although this is the most commonly thought reason for closing on a home before years end, it is also a very important one.  You can start deducting mortgage interest and building equity immediately.  Also, because some closing costs and points are deductible, you can start deducting them the year you purchase the home,  so they can be included in your 2013 tax return!  If you wait even 3 days into the new year you will not be able to take any deductions until years end of 2014.

4)  Easier financing.  Are you waiting for home prices to decrease?  Don't!  It is quite possible that the mortgage rule changes for 2014 will make it more difficult to get financing.  So if you are waiting to "save" a few bucks waiting for home prices to decrease, you may put your ability to purchase a home in jeopardy,  if you cannot secure a mortgage at all!

5) Lower Sales could mean higher inventory.  Look at it this way...it's the "After Christmas" sale...before Christmas!  Even though 2013's theme was low inventory and higher home prices, the fourth quarter has always seen a slowing down of the housing market, and 2013 is no exception.  Housing sales have declined since September, so the inventory has increased, but the constrained inventory still means double digit year-over-year gains.  What does that mean to you...you may secure a GREAT DEAL IN DECEMBER!

At ChampaignRose, I are here to answer any and all of your real estate questions, help you find the home of your dreams or get your home ready to be put on the market.


Source:  RISMedia

Finding The Perfect Christmas Tree in Champaign/Urbana Illinois!

by Rose Price

FA LA LA LA LA......Let the Christmas decorating begin!

"The most enduring traditions of the season are best enjoyed in the warm embrace of kith and kin. Thith tree is a thymbol of the the thspirit of the Griswold family Chrithmath," Clark W. Griswold says as he stands with his family, frozen, in front of the perfect Christmas tree."

- Scene from 1989 Classic "Christmas Vacation"

Don't you just love the smell of a fresh cut Christmas Tree in your home?  Well, if you're like me, you can't wait to get your Christmas Tree up, trimmed and the rest of your home decorated for this wonderful season. Searching for your perfect tree is a family tradition....along with eggnog and cookies.

Here in Champaign/Urbana,  we are blessed to have so many Christmas Tree Farms and Stands from which to choose the perfect tree for your home.  Here are some Christmas Tree Farms in Champaign/Urbana that would proudly help you select the perfect one:

Moore’s Christmas Tree Farm, Urbana: Open through Dec. 21, Monday through Friday, 12 to 5 p.m., and weekends from 9 a.m. to 5 p.m. They accept credit and debit cards, and cash. No checks, please! mooretreesllc.com

Hardy’s Reindeer Ranch: Hardy’s Reindeer Ranch in Rantoul has more than five acres of Christmas trees, and as a bonus, you can visit with some real live reindeer! You can purchase a tree right up to Christmas Eve here, as well. The ranch is open daily from 10 a.m. to 7 p.m., and from 10 a.m. to 2 p.m. on Dec. 24.  reindeerranch.com

Seifert Tree Farm: This White Heath farm started growing Christmas trees in 1922! You can choose from and cut down a variety of trees, or choose from a pre-cut selection. They are open up through Dec. 23, from 12 to 5 p.m. Monday-Friday and on Saturday and Sunday from 10 a.m. to 5 p.m. seiferttreefarm.com

Sunset Christmas Tree Farm: This seems to be a Chambana favorite. This Mansfield tree farm is open only on the weekends: from 9:30 a.m. to 4:30 p.m.; Sunset Christmas Trees

Prairie Gardens: Plenty of folks said they like the selection of pre-cut Christmas trees available from this Champaign store. A Balsam will run you about $20 at the Springfield Ave.  prairiegardens.com"

Transform your house into a "Holiday Masterpiece"

If you are looking for a home for the holidays, then Champaign/Urbana IL might just be the kind of place you are looking for.  As an experienced realtor, and decades long Champaign resident, I can help you find your dream home here in Champaign IL.

HAPPY DECORATING!

 

 

What are the Benefits of House Hunting During the Holidays?

by Rose Price

When you're writing out the holiday shopping list, maybe it's time to put your name on it and a home as the gift. If you've been considering buying a home, here are a few reasons why shopping for one during the holiday season can benefit you.

Yes, it may involve you really prioritizing your time; the holiday season is a busy time. But if you can make time to house-hunt and you have already been pre-approved so you know how much home you can afford, then this could be a very good experience. And it may lead you to a new home in time for Christmas!

 

Like many businesses, the holiday season can cause things to slow way down. That's often the case for real estate. However, that doesn't mean you won't find eager sellers hoping you'll make an offer on their homes. Even though there are parties, kids' social activities and end-of-the-year work commitments, real estate sellers are still ready to let you step inside their homes to see if you'll find one is a good fit.

When real estate slows down, that means mortgages slow down. So this is a good time to get a mortgage. There's a chance your loan will move through the process faster. That doesn't mean you will have lax guidelines, rather it means that if there are fewer loans to process, yours can move along faster.

Some say that you have fewer options because inventory drops during the holiday season. While that may be true, it doesn't mean that every seller takes their home off the market. Sellers with their homes on the market during the end-of-the-year months are typically serious sellers. There may be tax reasons motivating a seller to sell before the end of the year which could create greater opportunities for negotiation. There's likely a sense of urgency on the seller's side.

Often home prices are lower in December than in other months. If you wait until the spring, you're likely to wish you'd, at least, done some house-hunting. Industry reporting services often show home appreciation slows in the fourth quarter, making homes more affordable.

Since it is a busy time of year, you may find that there aren't many buyers shopping for homes, which is exactly why this may be a good time to house-hunt. Fewer buyers could mean a great opportunity for you to make an offer and negotiate a favorable price. However, fewer homes to choose from could mean you have more difficulty finding precisely what you're looking for. But too many homes can also create a no-win situation by confusing and overwhelming you.

Shop smart by making a list of the "must-have" and the "really-would-like" items. Carry the list with you or use a home-buyers' app to keep it on your smartphone. It's much like a holiday gift shopping list - better to know who you're buying for, how much you want to spend, and, at least, an idea of what you'd like to get that person. Same goes for a home.

Simplify the house-hunting process by having some written notes about what you intend to buy. Of course, things do change, so be open to discovering that dream home that has something on your list you never knew you needed or wanted. Your list will just help you evaluate and prioritize which things in a home are most important to you. Then instead of unwrapping this holiday season, you might be wrapping up and packing up your belongings!

Written by - Realty Times

Displaying blog entries 1-6 of 6

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