Sept 1 to Oct 15 2008   Current Villa Park Real Estate Data

* Average rates in 2007 : 7.5%

How Can this data help you?

A-) Sell: Negotiable Commission, Full Service. Most Advanced Marketing Procedures, to insure your property sells fast at a decent price. Short term listings, cancel any time for any reason. 

If you are thinking of selling, you should consider all the factors, analyze your own property' age and condition verses the city's average, and conclude a reasonable selling price per foot. Now, its time to decide whether you are willing to wait 135 days or so, (the average DOM) or willing to wait more or less. Then, based on that, price your property by :

     1-) + 5% if you are willing to wait up to 180 days.

     2-) - 5% if you wish to sell faster than the average.

     3-) On target, if 88-190 days fit your life style and plans.

Then of course, employ a realtor that is willing to go the extra mile, and market your property vigorously, and utilize every form of real estate marketing possible. (of course I hope to earn your business personally).

B-) Buy: I will work on getting you the home that you like, within your budget.

If you are in the market to buy, you can use this data, to determine whether or not, the home prices you are looking at, are within reason, and make your offers in accordance with the factual data provided. Do not hesitate making any reasonable offer, on any property, regardless of what the list price is. Most serious sellers are reasonable and may go with the facts, not the emotion. And as Above, I would appreciate representing you in your purchase!

Real Estate this month:

Mortgage rates are still very volatile, changing up and down rapidly, and within days. Potential buyers, must lock in any good rates that are quoted to them, otherwise , those rates may be much higher, at the time of funding. We are experiencing major price drops at all price levels, as the average price continues to drop and the average time required to sell a property is the highest we have seen in about  9 years.

 Prices in Villa Park, per Sq. ft, were about $360 in January, and $357 by the end of August. It is taking a lot longer to sell most properties on average as lenders have tightened up their lending criteria, and most, require at least 2 appraisals, in addition to a 3rd in house appraisal, done prior to funding. If you are a buyer or a seller, employing a realtor who is up on all the new criteria is a very important decision. I believe I have the qualifications for the job!

For consultation on any real estate related issue, please do not hesitate to contact me, or any professional at the real estate edge, where you will get straight answers, without any obligations.

denise@villaparkrealestate.com