Home Not Selling? The secret trick when your property is stuck

topsecret

What happens when your great property sits on the market for a long time?  Has your home gone old and stale?  Have your property previews dwindled?  Are you considering a fourth price drop and another open house? You’re starting to feel as though everyone on your block is selling faster than you but yours is a nicer home in outstanding condition.  Where’s the perfect buyer?

If you’ve checked the market conditions and your property price is still highly competitive, it could merely be a slow market.  Perhaps there are too many shiny penny homes on the market and your home isn’t ranking up there with “Dream Home” status.  

Maybe it’s time for a reboot on your options.  If you have time on your side, sellers like you can use it to your advantage.  A super flexible closing date may entice a renter to put roots down and give the price the sellers want.  

rent to own circleimages

Consider using a “lease to own” or Rent To Own option.

 

More attractive to more buyers: Rent to own deals entice more buyers in who have less than perfect credit or difficult securing a traditional mortgage.  By offering a flexible option to rent now, buy later, the renters may be able to improve their credit sufficiently to make the purchase down the road.

More rental income: Another plus for a seller is the additional income a rent to own option offers.  Instead of just a monthly rental check a rent to own option allows for a higher payment.  the extra funds are put towards the eventual purchase price on the home.  You can earn rental money on top of the option purchase money.  

Bumping up the purchase price:  Many renters desire greater flexibility over a cheaper deal.  Bumping up the purchase price as part of the rent to own means waiting longer for the transaction, but getting a better offer when at the closing table.  Asking for a higher price to offset the wait time to sell is very common.  Even if they never use the option to buy, many renters will prefer to pay the higher amount for the greater flexibility.  

Invested renter: A rent to own buyer is very likely a better renter because they see themselves more as a caretaker or a future owner of the property, and as such, are more likely to take better care of the property.     

Not all home sellers will want to consider this as their option for Plan B.  But if you’ve already invested months of time and your patience has not paid off, a Rent To Own option could work out to your greatest advantage.  Becoming a temporary landlord for a 12 months lease could find you a perfect renter, who can turn into the ideal buyer.  

Get it Sold!

soldsign

Did you know?

Fox Valley Homes is full of great marketing tips and ideas.  In addition to helping owners with distressed homes and foreclosures,  Fox Valley Homes offers full broker service for regular listings,  rentals, buyers and home sellers, as well as investors in residential properties across the northern Illinois and Chicago region. We coordinate real estate transactions effectively and retain the full skills and expertise of fully licensed Realtors®, including access to the resources of the local Illinois MLS database.

For more information, about Fox Valley Homes, please contact Jennifer Kinzle, e-PRO, SFR, (630) 854-4360. Email me direct  jkinzle73@gmail.com.

2016-09-25

Contact me:

sitting-hs2

Jennifer Kinzle, e-PRO, SFR Broker
Direct/Text:  (630) 854-4360
Email: jkinzle73@gmail.com
Twitter: @jkinzle
Instagram: @jkinzle

Facebook: Fox Valley Homes – Jennifer Kinzle, Broker
Fox Valley Investors Group: Fox Valley Investor Group – on Facebook
Website:  www.FoxValleyShortSales.com
MeetUp: Fox Valley Investors MeetUp Group

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Charles Rutenberg Realty of Illinois
3135 Book Rd
Naperville, IL 60563
LIC 481.010.165

Buyers in Kane County – don’t buy a home without reading this first!

white-picket-fence-006
The spring market is underway in the Fox Valley!  It’s time to do a little spring cleaning and shake off the cold hand of winter to find your new home.  We’ve got a lot of new programs to help folks find the perfect loan program, including ultra low down payments, special terms for Kane County renters, great Illinois home incentive programs and more.  Check out this list and be sure to call for more details!

Kane County Buyer’s Program:
KANE COUNTY – Fox Valley First Time Home Buyer Programs

If you’re looking to buy right where you live, in Kane county, you’re in luck!  They offer a wonderful down payment assistance program for first time home buyers.  With a down payment of 1% of the purchase price, you can become a home owner instead of paying your landlord!  Ask about the other county specific programs available too.

New Home Buyers Postcard2

But that’s not all!  There are many more programs available for home buyers to look into:

@HomeIllinois
@Home Illinois – an IHDA program

This program offering up to $5,000 in down payment and closing cost assistance for FHA, VA, USDA and Conventional loans.  Qualifying borrows include first time buyers, veterans, repeat buyers and those who want to refinance.  Borrowers must meet income and purchase limits, credit requirements and contribute $1,000 or 1 % of the purchase price, whichever is greater.

1stHome Illinois
1st Home Illinois – an IHDA program

This is a program similar to IHDA’s (see above) but is only available to first time buyers and veterans purchasing a home in Boone, Cook, DeKalb, Fulton, Kane, Marion, McHenry, St. Clair, Will and Winnebago counties.  Qualifying buyers get $7,500 cash assistance for down payment and closing costs for a low-cost 30 yr fixed rate mortgage.  They must contribute $1,000 or 1% of the purchase price whichever is greater.  

steps-for-buying-ahome

FHA Loans
HUD for FHA Loans

This is a very popular type of loan for first time home buyers.  This is a federally backed mortgage by the Federal Housing Administration (FHA) and offers a 3.5% down payment, low closing costs and the less-than-perfect-credit score is accepted.  Limits on the purchase price in the Chicago land area are up to $365,700  Check the link below for details.

FHA Home Loans by First Click Mortgage

 

HomeReady Mortgage by Fannie Mae
HomeReady Mortgage by Fannie Mae

HomeReady offers a 3% down payment option for eligible low-to-moderate income first time and repeat buyers.  Additional income sources will be considered an all co-borrowers don’t have to live in the property.  Home buyers must complete a home ownership education course.  

Home Possible Advantage by Freddie Mac
Home Possible Advantage by Freddie Mac

Home Possible Advantage is Freddie Mac’s version of the 3% down payment mortgage loan.  The program is also open to qualifying low-to-moderate income first time or repeat buyers or those purchasing in high-cost or under served areas.  First time buyers must complete home ownership counseling.  

USDA Single Family Housing Guaranteed Loan Program
USDA Single Family Housing

Buy a home in certain rural areas and you might not need any down payment at all.  This U.S. Department of Agriculture (USDA) program assists low and moderate income consumers buy homes in eligible rural areas, including many counties in Illinois.  A low interest, fixed rate loan can be used to build, rehab, improve or relocate a dwelling in an eligible area.  

VA Home Loan Program
VA Home Loan Program

VA loans are another great tool for veterans and their families looking to buy a home without a down payment.  The loans are only for qualifying veterans, active milityar members and eligible surviving spouses.  Guaranteed by the U.S. Dept of Veterans Affairs, the loans to do not require mortgage insurance.

confused
Questions on the loan programs?

Contact a Senior Loan Originator with People’s Home Equity
Steve Smither
S
enior Mortgage Adviser
NMLS #224681
1801 S Meyers Rd. #500
Oakbrook Terrace, IL. 60181
Cell: 847-942-5151
Fax: 847-701-3267

ssmither@peopleshomeequity.com

 

 

Did you know?

Fox Valley Homes is full of great home tips, ideas and programs for all levels of buyer and sellers.  In addition to helping owners with distressed homes and foreclosures,  Fox Valley Homes offers full broker service for regular listings,  rentals, buyers and home sellers, as well as investors in residential properties across the northern Illinois and Chicago region. We coordinate real estate transactions effectively and retain the full skills and expertise of fully licensed Realtors®, including access to the resources of the local Illinois MLS database.

For more information about programs to list or buy with Fox Valley Homes, please contact Jennifer Kinzle, e-PRO, SFR, (630) 854-4360. Email me direct  jkinzle73@gmail.com.

2016-09-25

Contact me:

sitting-hs2

Jennifer Kinzle, e-PRO, SFR Broker
Direct/Text:  (630) 854-4360
Email: jkinzle73@gmail.com
Twitter: @jkinzle
Instagram: @jkinzle

Facebook: Fox Valley Homes – Jennifer Kinzle, Broker
Fox Valley Investors Group: Fox Valley Investor Group – on Facebook
Website:  www.FoxValleyShortSales.com
MeetUp: Fox Valley Investors MeetUp Group

CRR_Letterhead_Logo_small
Charles Rutenberg Realty of Illinois
3135 Book Rd
Naperville, IL 60563
LIC 481.010.165

New Home Buyers: Risks and Benefits of Rent To Own

rentalleaseagreement
Planning ahead on your home ownership dream?

If you are ready to kick your home search into full gear,  consider an option like a rent to own.  Less than perfect credit scores and loads of flexibility are two pluses when buying a home as a lease to own.  

A rent to own option works like this: a buyer is given the “option” to purchase the home at some point in the future at a specified price.  A traditional sale brings the buyer and seller together to complete the purchase quickly, after agreeing to terms.

Instead, with a rent to own transaction, the final purchase is delayed.  The buyer and the seller agree to the possibility of the sale at a future date and it may or may not occur.  The buyer or seller can back out of the agreement, by simply not accepting the sale when the agreement is ended.  In the meantime, the renter decides if they want to make the purchase, often paying additional funds to the seller, to decrease the amount of money needed toward purchase price.

piggy bank and house

Benefits for Buyers:

Renters can buy even with bad credit: Often dinged on credit scores, renters may not qualify for a traditional conventional home mortgage.  But they may be able to repair their credit with a solid report of their regular monthly payments over the long term.

Lock in a purchase price: Renters can agree with the sellers as much as 12 months 9 or more) ahead on the purchase price.  They can put extra dollars toward the purchase of the home, setting up a discount for when they finally do close.  

Take it for a Test Drive: Try it before you buy it!  Renters may fall in love with the home even more while under the option.  Or they may decide the property isn’t the home of their dreams and decide to skip it at the end of the agreement.

 

Risks for Buyers:

Forfeiting money: If for some reason, you don’t buy the home, you lose all of the extra money you paid.  

Slow progress: If you plan on getting that raise or improving your credit score, and it doesn’t quite work out, you may be unable to commit to the sale when the agreement ends.  

Less control:  This is a tricky part because while you inhabit the property, you don’t have control over it (yet).  For example, your landlord could skip making mortgage payments, not pay the taxes or wind up with a contractor’s lein.  These are outside of your control.  Be sure to have it in your agreement to address these scenarios, including the landlord cannot sell to another buyer while under the option to you.  

Falling prices:  This is not a consideration for the current home market, but it was a few years ago.  If home prices fall during your contract, you may be unable to renegotiate the purchase price.  Then you are left with the option of forfeiting all your option money or buying the house at a higher than market value price.  If your lender won’t approve an oversized loan, you’ll need to bring extra money out of your own savings to the closing table to cover the difference.

Late payments hurt: Just like a traditional mortgage, missing monthly payments can penalize you.  Your lease to own agreement may include a qualifier clause that you must make all payments on time, you may lose the right to purchase (and lose your extra payments).  In some cases, you keep your option, but your extra payment for the month is not “counted” towards the eventual purchase.

Home Issues: There might be problems with the property that you don’t now about until you try to buy it (as noted with tax liens, deferred maintenance and title problems).  It’s best to treat a rent to own property like a “real” purchase and get the reassurance of a full home inspection and title search.

Scams: Protect yourself and the sellers by hiring a reputable attorney to review the sales contract and go over all the requirements to successfully purchase he home.  A home purchase is a major investment, so be sure to do your due diligence.  If it sounds too good to be true, it probably is.   

stcharlesjustsold3

Contracts:

If you’re interested in finding out more about rent-to-own a home contracts, check out  a sample agreement for your state that protects both the home owner and the tenant.

https://www.rocketlawyer.com/document/rent-to-own-agreement.rl#/

There are many sample rent-to-own agreements and templates online that you can customize and use.  Before using a template however, you should review laws in your state and common items included in a contract to ensure you covering all bases prior to signing a contract. 

I always suggest that you consult with an attorney prior to signing any lease-to-own contract or drafting a contract for your home.  It’s a big investment, and you’ll want the peace of mind that comes with a well prepared contract to help protect yourself.

 

Did you know?

In addition to helping owners with distressed homes and foreclosures,  Fox Valley Homes offers full broker service for regular listings,  rentals, buyers and home sellers, as well as investors in residential properties across the northern Illinois and Chicago region. We coordinate real estate transactions effectively and retain the full skills and expertise of fully licensed Realtors®, including access to the resources of the local Illinois MLS database.

For more information, about Fox Valley Homes, please contact Jennifer Kinzle, e-PRO, SFR, (630) 854-4360. Email me direct  jkinzle73@gmail.com.

 

2016-09-25

Contact me:

sitting-hs2

Jennifer Kinzle, e-PRO, SFR Broker
Direct/Text:  (630) 854-4360
Email: jkinzle73@gmail.com
Twitter: @jkinzle
Instagram: @jkinzle

Facebook: Fox Valley Homes – Jennifer Kinzle, Broker
Fox Valley Investors Group: Fox Valley Investor Group – on Facebook
Website:  www.FoxValleyShortSales.com
MeetUp: Fox Valley Investors MeetUp Group

 

CRR_Letterhead_Logo_small
Charles Rutenberg Realty of Illinois
3135 Book Rd
Naperville, IL 60563
LIC 481.010.165

 

Fox Valley Home Shortage?

This spring, it hasn’t taken me a very long time to run through the full list of properties available in the lovely Fox Valley area for my select buyers.  It is a short list!  While home buyers may be stuck with low inventory, home sellers are enjoying the sellers market for the first time in years.  

 Chicago Housing Market February 2017

The housing inventory levels for an average market, are about 6 months’s worth of inventory during the year, but there is far less currently available now.  Today’s home buyers are seeking great homes with super low mortgage rates, and are willing to compete in bidding wars for the best ones if necessary.

 

Cloud CMA Map ScreenShot Naperville.jgp
Where are all the houses?  Been there, seen that

Adjust your expectations:
Fewer homes on the market can mean it may take longer for you to find the right one or even changing your expectations.  A willingness to compromise can go a long way to getting you into the perfect place.  Perhaps a finished basement can be skipped but a 3rd bedroom is a must.  If you prefer newer homes, but the city is full of turn of the century farmhouses, you may need to reconsider the style.  Or buyers may need to expand their search radius, increase their budget, or consider buying something that may need fixing up.  

Adjust your search:
Optimize your property search by getting the latest listings emailed to you once, twice or even as they hit the MLS!  Homes may be on the market for a day or two and have offers already in place if your search is slowed down.  Catching the listings as soon as they are activated can mean previewing them the same day or next day.  Consider talking to your agent about the best times to arrange showings for you and work around your schedule so you don’t miss a preview.

Adjust your offer: 
An experienced agent, like myself, can help you put together the best offer with a strong, personal letter, a pre-approval mortgage note from a local lender, and properly signed paperwork.  Using services to collect electronic signatures under Docu Sign or Adobe Digital Signature, will help get your offer in the same day and avoid any delays.  I also can monitor the status of the deal and send regular updates as it progresses.  Working out the price is just one part of the real estate transaction.

0S341 Kellar Ct exterior

 

 

Did you know?

Fox Valley Homes is full of valuable seller marketing strategies and ideas.  In addition to helping owners with selling,  Fox Valley Homes offers full broker service for regular listings,  rentals, buyers, as well as investors in residential properties across the northern Illinois and Chicago region. No other agent runs an Investor Meetup Group like Fox Valley Homes!  We coordinate real estate transactions effectively and retain the full skills and expertise of fully licensed Realtors®, including access to the resources of the local Illinois MLS database.

For more information, about Fox Valley Homes, please contact Jennifer Kinzle, e-PRO, SFR, (630) 854-4360. Email me direct  jkinzle73@gmail.com.

2016-09-25

Contact me:

sitting-hs2

Jennifer Kinzle, e-PRO, SFR Broker
Direct/Text:  (630) 854-4360
Email: jkinzle73@gmail.com
Twitter: @jkinzle
Instagram: @jkinzle

Facebook: Fox Valley Homes – Jennifer Kinzle, Broker
Fox Valley Investors Group: Fox Valley Investor Group – on Facebook
Website:  www.FoxValleyShortSales.com
MeetUp: Fox Valley Investors MeetUp Group

CRR_Letterhead_Logo_small
Charles Rutenberg Realty of Illinois
3135 Book Rd
Naperville, IL 60563
LIC 481.010.165

Front Porch News – Fox Valley Homes April 2017 Newsletter

April 2017 Newsletter

Now available: Front Porch News from Fox Valley Homes

Click the link below to download a PDF:

Fox Valley Homes April 2017 Newsletter

 

Did you know?

Fox Valley Homes is full of great marketing tips and ideas.  In addition to helping owners with distressed homes and foreclosures,  Fox Valley Homes offers full broker service for regular listings,  rentals, buyers and home sellers, as well as investors in residential properties across the northern Illinois and Chicago region. We coordinate real estate transactions effectively and retain the full skills and expertise of fully licensed Realtors®, including access to the resources of the local Illinois MLS database.

For more information, about Fox Valley Homes, please contact Jennifer Kinzle, e-PRO, SFR, (630) 854-4360. Email me direct  jkinzle73@gmail.com.

2016-09-25

Contact me:

sitting-hs2

Jennifer Kinzle, e-PRO, SFR Broker
Direct/Text:  (630) 854-4360
Email: jkinzle73@gmail.com
Twitter: @jkinzle
Instagram: @jkinzle

Facebook: Fox Valley Homes – Jennifer Kinzle, Broker
Fox Valley Investors Group: Fox Valley Investor Group – on Facebook
Website:  www.FoxValleyShortSales.com
MeetUp: Fox Valley Investors MeetUp Group

CRR_Letterhead_Logo_small
Charles Rutenberg Realty of Illinois
3135 Book Rd
Naperville, IL 60563
LIC 481.010.165

 

Affordable Streamwood homes, ready right now!

moving-boxes-pic
This winter, why not treat yourself to a new home instead of a tropical vacation?  Instead of packing a bag, pack up your gear and bring it to your new home!  With so many wonderful properties now on the market in Streamwood, there is something for every budget.  And if your credit score is less than perfect, contact me for info on how to get it fixed and ready for a purchase!

MLS #          Stat      LP/SP    BD/BTH  Street# Str Name    Sfx                  Area  ASI
09310181      ACTV  140000      3     1.1   413       Walnut      DR                         107   REO/Owned
09378462    ACTV  154900      3     1     110         Edgewood    DR                      107   None
09377379    ACTV  155000      3     2     17    E     Oltendorf   RD                        107   None
09361114      ACTV  159000      3     2     1629      Moore AVE                              107   Short Sale
09290908    ACTV  159900      3     1     6     E     Streamwood  BLVD               107   None
09209684    ACTV  159900      3     1     310   E    Streamwood  BLVD              107   Short Sale
09279473    ACTV  160000      4     1.1   105         Cedar CIR                               107   Short Sale
09326840    ACTV  162900      3     1     509   W   SCHAUMBURG  RD            107   None
09391949    ACTV  165900      3     1.1   522         LACY  AVE                              107   Short Sale
09398800    ACTV  169000      3     1     115          Woodcrest   CIR                     107   None
09328481    ACTV  169900      3     1     109         Center      RD                           107   None
09155207    ACTV  178800      3     1     138          Filbert     DR                            107   None
09386631    ACTV  179000      3     1.1   400   S   Park  BLVD                             107   None
09320600   ACTV  179999      4     1     420         Hillside    CT                          107   None
09380200   ACTV  188500      3     2     11            Windsor     CT                         107   Short Sale
09145658     ACTV  189900      3     1.1   14          GROW  LN                               107   None
09392264    ACTV  190000     3+1 bsmt    2      424   Walnut      DR                107   None
09351659    ACTV  190000      3     1     4              WOODMAR     CT                   107   None
09395981    ACTV  192400      3     2     227   E     Streamwood  BLVD            107   None
09372824    ACTV  194900      3     1     1010        Meadow      LN                      107   None
09375288    ACTV  194999      3     1.1   1215        Klafter     CT                          107   None
09371113     ACTV  197400       4     1.1   1621      Moore AVE                             107   None
09386429   ACTV  197500      3     1     16            Whitehall   CT                       107   None
09352751    ACTV  197500       3     1.1   32           Chaucer     LN                       107   None
09382972   ACTV  198000      4     2.1   113   W  Streamwood  BLVD            107   None
09380359    ACTV  198800      3     1.1   1031        Meadow      LN                     107   None
09393913    ACTV  199900      3     2     714           Sunset      CIR                      107   None
09381981    ACTV  199900      3     1     602         HAYWARD     AVE               107   None
09402150    NEW   179900      2     2.1   78          King        DR                          107   None
09392184    PCHG  164900      3     1     807         Post        LN                           107   None
09396928    RACT  137898      3     1     551           Ridge       CIR                        107   None

packing-boxes-images

Different price?
Looking for something in a different price range?  Let me know and I can run you a complete list.

Different location?
While many folks are enjoying Streamwood, we have plenty of others seeking homes in nearby towns too.   Contact me today for a full list of 100’s of available homes in St. Charles, Elgin, St. Charles, South Elgin, Geneva, Bartlett, and more.

 

Did you know?  
In addition to helping owners with distressed homes,  Fox Valley Homes offers full broker service for regular listings,  rentals, buyers and home sellers, as well as investors in residential properties across the northern Illinois and Chicago region. All team members are trained to coordinate real estate transactions effectively and retain the full skills and expertise of fully licensed Realtors®, including access to the resources of the local Illinois MLS database.

For more information, please contact Jennifer Kinzle, e-PRO, SFR, (630) 854-4360. Email me direct  jkinzle73@gmail.com.

foxvalleyhomes-v1_with_black_text-logo_long-3

Contact me:

sitting-hs2

Jennifer Kinzle, e-PRO, SFR Broker
Direct/Text:  (630) 854-4360
Facebook: Fox Valley Homes – Jennifer Kinzle, Broker
Fox Valley Investors Group: Fox Valley Investor Group – on Facebook
Email: jkinzle73@gmail.com
Twitter: @jkinzle
Website:  www.FoxValleyShortSales.com
Instagram: @jkinzle
MeetUp: Fox Valley Investors MeetUp Group

CRR_Letterhead_Logo_small

Charles Rutenberg Realty of Illinois
1733 Park St, #150
Naperville, IL 60563
LIC 481.010.165

South Elgin Offers Big Savings on Homes!

Thinking of South Elgin?  How about an easy living townhome?  Check out this video for an inside peek!  329 Stonington is just one of many homes now available in South Elgin.

South Elgin knocks it out of the park again for first time buyers, empty nesters and growing families!  Super discounts are now available for home buyers looking to buy now! There is a huge selection of homes available in South Elgin for a wide price range and there are 100’s more on the market.  There is no better time to take advantage of the low mortgage rates and buy that home right now.

MLS #          LP/SP      Prop Type  BD/Bths   CP    Str Name              CITY                 STATUS
09359278    $204900      ACTV  DE    3     2.1       Sara  CT                      South Elgin      Short Sale
09390684    $210000     ACTV  DE    3     1.1         Ridge RD                    South Elgin      None
09389175    $217000      ACTV  AT    3     2.1         MELROSE     CT         South Elgin      None
09316340    $218900      ACTV  AT    3     2.1         Melrose     CT    17    South Elgin      None
09303198    $219900      ACTV  MU    5     2     E   STATE ST                    South Elgin     None
09310606    $219900      ACTV  DE    3     2.1   W  CAMDEN      LN        South Elgin     REO/Owned
09396864    $219900      ACTV  DE    4     2.1         Cherry      ST             South Elgin      None
08966588    $225000      ACTV  AT    3     2.1         MELROSE     CT        South Elgin       None
09351281     $225000      ACTV   DE    3     1.1          Angeline    DR         South Elgin       None
09188842    $229000     ACTV   DE    3     2.1         Ridge RD                   South Elgin       None
08960049   $232000      ACTV  AT    3     2.1         Melrose     CT            South Elgin       None
09325846    $234500      ACTV  DE    4     2.1         La Fayette  DR          South Elgin       None
09371732    $239000      ACTV  DE    3     2.1         DUBLIN      LN           South Elgin      Short Sale
09391574    $249999      ACTV  DE    3     2.1         Fairview    LN            South Elgin       None
09383747    $255900      ACTV  AT    3     3.1         HICKORY     LN          South Elgin       None
09391265    $269900      ACTV  DE    4     2.1         Woodland    DR        South Elgin       None
09372130    $274900      ACTV  AT    3     2.1         Hickory     LN            South Elgin       None
09395900    $279900      ACTV  DE    4     3.1         Juli  DR                       South Elgin       Relo
09331832    $287500      ACTV  DE    4     2.1         Chesterfield      LN    South Elgin      None
09234134    $289900      ACTV  DE    4     2.1         Prairie Pointe    DR  South Elgin       None
09195398    $294900      ACTV  DE    4     3.1   N    Haverhill   LN          South Elgin       None
09324979    $296600     ACTV  DE    4     2.1          Holt  LN                    South Elgin    REO/Owned
09379358    $297500      PCHG  DE    4     2.1   E     Thorndale   LN       South Elgin      None

Different price?
Looking for something in a different price range?  Let me know and I can run you a complete list.

Different location?
While many folks are enjoying South Elgin, we have plenty of others seeking homes in nearby towns too.   Contact me today for a full list of 100’s of available homes in St. Charles, Elgin, St. Charles, Streamwood, Geneva, Bartlett and more.

packing-boxes-images

Did you know?  
In addition to helping owners with distressed homes,  Fox Valley Homes offers full broker service for regular listings,  rentals, buyers and home sellers, as well as investors in residential properties across the northern Illinois and Chicago region. All team members are trained to coordinate real estate transactions effectively and retain the full skills and expertise of fully licensed Realtors®, including access to the resources of the local Illinois MLS database.

For more information, please contact Jennifer Kinzle, e-PRO, SFR, (630) 854-4360. Email me direct  jkinzle73@gmail.com.

foxvalleyhomes-v1_with_black_text-logo_long-3

Contact me:

sitting-hs2

Jennifer Kinzle, e-PRO, SFR Broker
Direct/Text:  (630) 854-4360
Facebook: Fox Valley Homes – Jennifer Kinzle, Broker
Fox Valley Investors Group: Fox Valley Investor Group – on Facebook
Email: jkinzle73@gmail.com
Twitter: @jkinzle
Website:  www.FoxValleyShortSales.com
Instagram: @jkinzle
MeetUp: Fox Valley Investors MeetUp Group

CRR_Letterhead_Logo_small

Charles Rutenberg Realty of Illinois
1733 Park St, #150
Naperville, IL 60563
LIC 481.010.165

Dreaming of Living in St. Charles?

 

stcharlesjustsold3
Home buyers, this list is for you!  We specialize in finding great homes for our clients, right here in St. Charles.    We have homes available for all price ranges and these properties won’t last forever, so call today for more information on hundreds of available homes in St. Charles, Elgin, South Elgin, Streamwood, Geneva, Bartlett and more.

Need a Home Mortgage?
Mortgage rates are still low and we can assist home buyers with bad credit too!  Get pre-approved before you make an offer.

MLS #         Stat      LP/SP     BD/ Bth  Street #    CP    Str Name    Sfx   Area  ASI
09351194    ACTV  $203900      3     1     1417  S        7th   ST                           174   None
09287410   ACTV  $214900      3     1     39W436    Old Burlington    RD    174   None
09320691   ACTV  $215000      3     2     313              Bowman      ST               174   None
09387825   ACTV  $215900      4     1.1   6N397       Oakwood     DR             174   None
09331888   ACTV  $218000      3     1.1   221             Fairview    DR                174   None
09163312    ACTV  $219000      3     2     438   S         9th   ST                          174   Short Sale
09400373  ACTV  $224500      3     1.1   1220            EDWARDS     AVE       174   Home Warranty
09343761   ACTV  $224500      3     2     5n638          Hanson      RD              174   Home Warranty
09362670   ACTV  $235000      3     1.1   1021  W     Walnut      ST                 174   None
09319217    ACTV  $239000      4     2     314              Beatrice    AVE             174   None
09391415    ACTV  $239500       3     2     226              FAIRVIEW    DR           174   None
09325290   ACTV  $250000      4     2.1   37    N       11th  ST                          174   None
09353294    ACTV  $257000      3     2     317   S       14th  ST                           174   None
09384624    ACTV  $260000     4     3     3N778      Hawthorn    DR            174   None
09381072    ACTV  $260000      3     2.1   3306         Fox Chase   DR             174   REO/Owned
09365139    ACTV  $260000      3     2     1131            Ash   ST                           174   None
09342911    ACTV  $262500      3     2     406   S       10th  ST                           174   None
09325394    ACTV  $265000      3     2     1124           Ash   ST                           174   None
09374039    ACTV  $269900      5     2     1522           Williams    AVE            174   Short Sale
09381474    ACTV  $274900      3     2     122   S        6th   ST                            174   None
09350787    ACTV  $275000      4     2     211   E        Illinois    AVE                 174   None
09322542    ACTV  $275000      3     2     6N098       OLD HOMESTEAD RD  174   None
09354593    ACTV  $279500      3     2.1   72               Dunham      PL               174   None
09384897    ACTV  $289900      4     2.1   504           15th  CT                           174   None
09365331    ACTV  $289900       4     2.1   5N941       Weber DR                        174   None
09397250    ACTV  $295000      3     2.1   4N547       Griffin     LN                  174   None
09369065    ACTV  $295000      4     2.1   3N488       Ridge DR                        174   None
09371058    ACTV  $299900      3     3     6N715          Longacre    DR              174   None
09331690    ACTV  $299900      4+1 bsmt    3.1      266   Fairhaven   DR      174   None
09328130    ACTV  $299900      3     1.1   617             Geneva      RD                 174   None
09285335    ACTV  $299999      4     2.1   5N488       Hanson Ridge      DR    174   None
09356043    ACTV  $300000      4     2.1   6N495       Roosevelt   AVE            174   None
09353381     ACTV  $300000      4     2.1   701             ARROWHEAD   LN      174   None
09289859    PCHG  $285000     6     4     1005            Fern  AVE                       174   None
09352974    PCHG  $299000      3     2     6N336        Route 25                          174   None
09336548    RACT  $269900      4     2     518   S         5th   AVE                         174   None

 

Special property video – Thinking of South Elgin?  How about an easy living townhome?

Check out this video for this lovely listing in South Elgin for just $139,900.
329 Stonington Place, South Elgin, IL

 

Did you know?  
In addition to helping owners with distressed homes,  Fox Valley Homes offers full broker service for regular listings,  rentals, buyers and home sellers, as well as investors in residential properties across the northern Illinois and Chicago region. All team members are trained to coordinate real estate transactions effectively and retain the full skills and expertise of fully licensed Realtors®, including access to the resources of the local Illinois MLS database.

For more information, please contact Jennifer Kinzle, e-PRO, SFR, (630) 854-4360. Email me direct  jkinzle73@gmail.com.

foxvalleyhomes-v1_with_black_text-logo_long-3

Contact me:

sitting-hs2

Jennifer Kinzle, e-PRO, SFR Broker
Direct/Text:  (630) 854-4360
Facebook: Fox Valley Homes – Jennifer Kinzle, Broker
Fox Valley Investors Group: Fox Valley Investor Group – on Facebook
Email: jkinzle73@gmail.com
Twitter: @jkinzle
Website:  www.FoxValleyShortSales.com
Instagram: @jkinzle
MeetUp: Fox Valley Investors MeetUp Group

CRR_Letterhead_Logo_small

Charles Rutenberg Realty of Illinois
1733 Park St, #150
Naperville, IL 60563
LIC 481.010.165

Check Out These Elgin Properties

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First time buyers, investors and renters-take note!  We’ve got a big selection of homes available in Elgin for under $150,000.  See below for REO’s/Short Sales and pre-foreclosures-always at a discount!  W

MLS #          LP/SP      Prop Type   Beds/Bth  Str Name                   CITY       STATUS
09392335                          AUCT  DE    3     2    LOGAN AVE                Elgin       REO/Lender Owned
09378680    $84900      ACTV  DE    1     1     WESTON      AVE        Elgin       REO/Lender Owned
09282394    $94600      ACTV  DE    4     1     PECK  PL                      Elgin       REO/Lender Owned
09305887    $99000      ACTV  DE    3     1.1   ILLINOIS    AVE         Elgin       Short Sale
09271878    $109900     ACTV  DE    2     1     N Clifton   AVE          Elgin       Short Sale
09375998    $110000     ACTV  DE    2     1.1   WING  ST                    Elgin       Short Sale
09261920    $130000     ACTV  DE    3     1     LINCOLN     AVE         Elgin       Short Sale
09391087    $134900     ACTV  DE    3     1     MCCLURE     AVE        Elgin       Pre-Foreclosure
09393483    $140000     ACTV  DE    3     2     CORLEY      DR            Elgin       Short Sale
08992784    $142000    ACTV  DE    3     2     HURON DR                   Elgin       Short Sale
09398631    $146450      ACTV  DE    3     3     ICKENHAM    LN         Elgin       REO/Lender Owned

See video link: 590 Countryfield Lane, Elgin, IL
09273042    $149900      ACTV  AT    2     2.1   CountryfieldLN          Elgin       Short Sale

 

Want more info?  Or is Elgin not your area?  Contact me today for a full list of 100’s of available homes in South Elgin, St. Charles, Streamwood, Geneva and more.  Call or click today.

Did you know?  
In addition to helping owners with distressed homes,  Fox Valley Homes offers full broker service for regular listings,  rentals, buyers and home sellers, as well as investors in residential properties across the northern Illinois and Chicago region. All team members are trained to coordinate real estate transactions effectively and retain the full skills and expertise of fully licensed Realtors®, including access to the resources of the local Illinois MLS database.

For more information, please contact Jennifer Kinzle, e-PRO, SFR, (630) 854-4360. Email me direct  jkinzle73@gmail.com.

foxvalleyhomes-v1_with_black_text-logo_long-3

Contact me:

sitting-hs2

Jennifer Kinzle, e-PRO, SFR Broker
Direct/Text:  (630) 854-4360
Facebook: Fox Valley Homes – Jennifer Kinzle, Broker
Fox Valley Investors Group: Fox Valley Investor Group – on Facebook
Email: jkinzle73@gmail.com
Twitter: @jkinzle
Website:  www.FoxValleyShortSales.com
Instagram: @jkinzle
MeetUp: Fox Valley Investors MeetUp Group

CRR_Letterhead_Logo_small

Charles Rutenberg Realty of Illinois
1733 Park St, #150
Naperville, IL 60563
LIC 481.010.165

 

If the couch fits, rent it!

pushing-a-couch

For half a second, you worried about the couch squeezing through the front door.  But now, sweet victory is yours as you fill up the kitchen cabinets in your new abode.  Having signed a year long rental agreement, you are finally unpacked and settled in for your first meal under a new roof, when you stop for a moment and think “Will I ever see my security deposit again?”

If you read the fine print on your lease (standard leases, at least) you might find a clause that says normal “wear and tear” and even describes regular use.  Most tenants fall under the regular use category.  But setting fire to the carpet, on purpose or accidentally, is not going to fall under normal wear and tear, no matter how many house plants you place over the burn spot.  So what exactly, does regular, wear and tear mean?

fire-extinguisher

Wear and Tear
When describing average use, many landlords expect higher use items like flooring and appliances to be worn out faster than say, a kitchen cabinet or a light fixture.  You’re usually on your own for light bulbs, too.  But consider that hardwood flooring lasts years longer than linoleum, so the type of flooring or fixture matters. You’d have a run a lot of laps across a hardwood floor or ceramic tile to wear it out in a 12 month span as compared to a plain linoleum floor.

But most renters will scuff a wall, put a nail into a wall to hang artwork, or drip food on the carpeting.  Things like this happen and most landlords expect to minor cosmetics such as paint and spackle for the walls, and a deep cleaning the carpeting at every tenant move out.  Typical wear and tear involves light scratches on the wood floors, wear spots on the carpeting (but not stains), loose railings or tiles.  Minor damage is easy and inexpensive to repair or fix.  Major damage, the kind your security deposit cringes over, is more expensive to repair or fix (think full carpet replacement for that burned spot).  If the landlord has to replace all the carpeting, your security deposit could be at risk.

for-rent-sign

 

Fix It or Leave it?
Deep gouges in flooring, broken glass in windows/torn screens, broken appliances, pet stains/odors, custom wall paint, extras like closet shelving, light fixtures or window treatments, are all significant items tenants usually are responsible for fixing.

rentalleaseagreement

Check your checklist
Move-in day checklists are highly recommended by both tenants and landlords to keep all items verified condition upon move in.  Tenants want to verify all appliances, for example, are performing great on day 1.  Landlords want to know if something is out of whack, and that the current tenants are not responsible for it.  A checklist is the ideal opportunity to make sure both parties are in agreement from Day 1:

  • Walk through the rental together
  • Take photos of any flaws you see with your smartphone or device
  • Collect them into a photo page
  • Provide a full checklist of all items and have both tenant and landlord sign off on them.

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Pet Deposits
Soggy paws are part of being a dog owner and many times, the floors of an apartment take a beating year round for landlords.  But for many renters, home is where their pet is and gladly bring Fido and Fluffy along to the tune of up to a full month’s rent for a pet deposit.  Often the pet deposit is not refundable, due to the typical wear and tear many canines (and felines) can cause to a property.  Pet stains, pet dander, and claw/scratch marks can linger far longer after the tenant moves out, causing a lot of extra work to prep the property for the next tenant.

But if you love your pets, the extra pet fee is well worth it, to keep the happy family together.

Did you know?  
In addition to helping with rentals,  Fox Valley Homes offers full broker service for regular and distressed listings, for all buyers and home sellers, as well as investors in residential properties across the northern Illinois and Chicago region. All team members are trained to coordinate short sales effectively and retain the full skills and expertise of fully licensed Realtors®, including access to the resources of the local Illinois MLS database.

For more information, please contact Jennifer Kinzle, e-PRO, SFR, (630) 854-4360. Email me direct  jkinzle73@gmail.com.

foxvalleyhomes-v1_with_black_text-logo_long-3

Contact me:

sitting-hs2

Jennifer Kinzle, e-PRO, SFR Broker
Direct/Text:  (630) 854-4360
Facebook: Fox Valley Homes – Jennifer Kinzle, Broker
Fox Valley Investors Group: Fox Valley Investor Group – on Facebook
Email: jkinzle73@gmail.com
Twitter: @jkinzle
Website:  www.FoxValleyShortSales.com
Instagram: @jkinzle
MeetUp: Fox Valley Investors MeetUp Group

CRR_Letterhead_Logo_small

Charles Rutenberg Realty of Illinois
1733 Park St, #150
Naperville, IL 60563
LIC 481.010.165