Category: Realtor

So, you’ve decided to sell your house in Naperville. You’ve hired Bill White Homes to help you with the entire process, and Bill White has asked you what level of access you want to provide to potential buyers.

There are four elements to a quality listing. At the top of the list is Access, followed by Condition, Financing, and Price. There are many levels of access that you can provide to Bill White Homes so that they can show your home.

Here are five levels of access that you can give to buyers, along with a brief description:

  1. Lockbox on the Door – this allows buyers the ability to see the home as soon as they are aware of the listing, or at their convenience.
  2. Providing a Key to the Home – although the buyer’s agent may need to stop by an office to pick up the key, there is little delay in being able to show the home.
  3. Open Access with a Phone Call – the seller allows showings with just a phone call’s notice.
  4. By Appointment Only (example: 48-Hour Notice) – Many buyers who are relocating for a new career or promotion start working in that area prior to purchasing their home. They often like to take advantage of free time during business hours (such as their lunch break) to view potential homes. Because of this, they may not be able to plan their availability far in advance or may be unable to wait 48 hours to see the house.
  5. Limited Access (example: the home is only available on Mondays or Tuesdays at 2pm or for only a couple of hours a day) – This is the most difficult way to be able to show your house to potential buyers.

In a competitive marketplace, especially in Naperville, access can make or break your ability to get the price you are looking for, or even sell your house at all.

Naperville home for salePurchasing a home is an investment towards your future. Many prospective homeowners like the idea of buying a place that is older yet cheaper, to remodel and make their own, otherwise known as a fixer-upper. When it comes to purchasing your fixer-upper, there are many items one should consider before making an offer.

  • Time

They say time is money, which is why when purchasing a fixer-upper you should understand the time it takes to achieve your dream home. Remodeling a fixer-upper is no simple task. When considering buying a home, it is imperative to give yourself time to fix the items that need repairing and adding new construction to improve the layout of your space.

  • Budget

Although fixer-uppers are perfect for finding a bargain, older homes tend to have hidden problems within the structural foundation that could cause a financial burden. It is best to budget for unexpected costs that could arise during your renovation.

  • Home inspection

Requesting a comprehensive home inspection will allow you to have peace of mind before you make an offer. Home inspections check your future home for hidden issues such as water damage, unsecured wiring, and other structural integrity hazards. We recommend requesting a few home inspections from multiple companies to ensure no defects have been overlooked.

If you are looking for a Naperville home for sale, contact our helpful Realtors at bill@billwhitehomes.com to begin your search for your dream home.

 

In today’s highly competitive seller’s market where there are more buyers than there are homes for them to buy, some sellers may feel like the ball is in their court.

And they would be right when it comes to choosing which offer to accept, the closing date, or even which improvements they are willing to make to their house prior to selling.

One thing to remember though, is that there is always a line that shouldn’t be crossed.

Interest rates can change, financing might not go through, the appraisal might not come back at the price that you have agreed to. These are all opportunities to work with your buyer to make sure that the sale still happens.

You may think that, because buyer demand is so high right now, you can choose to make your buyer jump through hoops. But what happens if they reach their limit and need to walk away? You’re starting over… weeks, maybe months later… and other buyers may wonder what’s wrong with the house since the last deal fell through.

The Golden Rule

We were all taught from a young age to “treat others as you would like to be treated.” This shouldn’t change once you have a buyer who seems as though they would do anything to buy your home.

If you’re in the market for real estate in Naperville, IL, turn to Bill White Homes as your expert team of realtors. Contact us today and see how we can help you find the home you’ve always wanted.

Keeping Current Matters

One of the many benefits of owning your own home is the freedom to find your ‘furever’ friend. By pointing out the aspects of your home that make it ‘pet-friendly’ in your listing, you’ll attract these buyers rather than alienate the 61% of American households that have a pet! If you are one of the many homeowners looking to list your home for sale, how do you stand out to the millions of pet parents searching for their dream homes? Whether a dog person, a cat person, or someone who prefers the company of another pet species, 99% of pet owners say that they consider their animal to be family. When finding a home, 95% of animal owners believe it is important that a housing community allows animals. A recent study by the National Association of Realtors (NAR) revealed that there are many aspects of the home buying, selling and owning experience that have been greatly impacted by American’s love for their pets. This should come as no surprise as $66.75 billion was spent on pets in the U.S in 2016, with $70 billion projected for 2017. NAR’s President William E. Brown shed some light on the impact of pet owners and their home search,

“In 2016, 61 percent of U.S. households either have a pet or plan to get one in the future, so it is important to understand the unique needs and wants of animal owners when it comes to homeownership. REALTORS® understand that when someone buys a home, they are buying it with the needs of their whole family in mind; ask pet owners, and they will enthusiastically agree that their animals are part of their family.”

The Power of Pets When Choosing the Right Home

  • 89% of pet owners say they would not give up their pet due to a housing restriction
  • 81% of Americans say their pets play a role in their housing situation
  • 31% of animal owners have refused to put in an offer on a home because it wasn’t a good fit for their animals
  • 19% of Americans say they would consider moving for their pet
  • 12% percent have moved for their pet

New home builders have actually begun installing retractable pet gates that tuck away neatly inside door jams as a highly requested feature in new homes to attract pet-parents, according to Builder.com. So, if you are a homeowner looking to sell in today’s pet-friendly environment, point out the features of your home that will attract pet owners:

  • Fully fenced in backyard – (91% of pet owners ranked this as the most important feature of a home to accommodate their pet)
  • Locations of dog parks/walking paths/pet-friendly beaches in the area (71% ranked this as the top feature of any neighborhood they would consider)
  • Proximity to veterinarians/groomers/pet supply stores (31%)

Bottom Line

Americans love their pets and will look for pet-friendly features in the home they wish to buy, so take advantage of this knowledge by pointing out your home’s ability to meet their needs.

Real Estate mogul, Sean Conlon, host of The Deed: Chicago on CNBC, was recently asked the question, should you buy? Or should you rent a house? Conlon responded:

“I am a true believer that you save every penny and you buy your first house… and that is still the fastest path to wealth in this country.”

Conlon went on to suggest that first-time buyers put down 10-20% “if they can make it work,” and to remain in their home at least 4-5 years to see a return on their investment.

Who is Sean Conlon, and why should you listen to his advice?

Within a few years of working in the real estate industry, Conlon had established himself as one of the leading agents in the United States and has founded 3 billion-dollar brokerages dealing in residential, commercial and investment sales. Since immigrating to America from the United Kingdom in 1990, he believes very strongly in the American Dream and the role that homeownership plays in achieving it. Conlon is quoted on his website as saying:

“I treat people the way I would like to be treated if I went in to buy a house and I work harder than anybody I know. I think if you do that in America, you will always succeed.”

Bottom Line

Homeownership is an investment you can leverage against in the future, that not only provides shelter and safety but also helps you build your family’s wealth. If you are debating whether or not to purchase a home this year, meet with a local real estate professional who can assist you, today!

So, you’ve decided to sell your house. You’ve hired a real estate professional to help you with the entire process, and they have asked you what level of access you want to provide to potential buyers. There are four elements to a quality listing. At the top of the list is Access, followed by Condition, Financing, and Price. There are many levels of access that you can provide to your agent so that he or she can show your home.

Here are five levels of access that you can give to buyers, along with a brief description:

  1. Lockbox on the Door – this allows buyers the ability to see the home as soon as they are aware of the listing, or at their convenience.
  2. Providing a Key to the Home – although the buyer’s agent may need to stop by an office to pick up the key, there is little delay in being able to show the home.
  3. Open Access with a Phone Call – the seller allows showing with just a phone call’s notice.
  4. By Appointment Only (example: 48 Hour Notice) – Many buyers who are relocating for a new career or promotion start working in that area prior to purchasing their home. They often like to take advantage of free time during business hours (such as their lunch break) to view potential homes. Because of this, they may not be able to plan their availability far in advance or may be unable to wait 48 hours to see the house.
  5. Limited Access (example: the home is only available on Mondays or Tuesdays at 2pm or for only a couple of hours a day) – This is the most difficult way to be able to show your house to potential buyers.

In a competitive marketplace, access can make or break your ability to get the price you are looking for, or even sell your house at all.

Thanks to Keeping Current Matters for this information!

Getting ready to put your house on the market in 2017? Or are you just getting ready for spring in general? I can’t write this article any better…check out http://embracinghomemaking.net/2015/04/200-things-to-throw-away/.

Are you hosting for the holidays?  Not sure where to start? Running out of time? No worries!  If it’s calm you’re seeking let us help you get there. This quick guide to prepare for holiday guests will help relieve the stress of hosting and help you enjoy this special time with family and friends!

 

Guests should feel an expected welcome into your home as soon as they step foot through the front door. Keep overhead lights low inside the foyer and add a warm glow either through candles or a lamp sitting in an entry table or shelf. Find a fun, holiday welcome mat or floor rug to warm up the space. To also set a cozy feel, you can add usable seasonal accents like wool blankets or blanket scarves hanging from hooks or rolled up in baskets.

 

Make sure your house smells good! Clean the kitchen and bathrooms thoroughly using great smelling cleaning supplies. Vacuum the carpet and dust the furniture because dust actually smells. Take out the trash and if you have pets, clean out their cages and litter boxes. Add more candles throughout the house to create a warm, calm, and clean smelling space. Stick to one or two similar holiday scents or just a clean linen fragrance that will make your house smell fresh.

 

Besides the house smelling good, you should layer objects such as books, baskets, old trunks, crates, or foot stools under open tables or benches to give your living/family room a cozier feel. Add soft throw blankets to the couches or roll up into baskets for your guests to grab while they watch TV.

 

Lastly, when it’s time to head to bed, guests should feel comfortable in their space. Keep decor simple, but add a wreath or a touch of holiday decor to the guest bedroom and bathroom. Provide an empty closet and dresser. The bedding should have fresh, clean sheets and a couple of extra blankets and pillows left out to suit individual comfort levels. Stack big fluffy towels on the bed and in the bathroom. Set a basket full of essential toiletries and rolled up washcloths on the bathroom counter. You can also create warmth by adding candles, throw blankets, and even a cozy rug by the bed.

 

Bottom line…you set the tone, so if you want calm, be calm!  Relax, enjoy, and happy holidays.

Although a single late payment can lower your credit score—since payment history is 35 percent of your FICO credit score—how much it affects your score will depend on a lot of different factors. For example, making a payment one day late on a low-limit department store credit card may not be as detrimental to your credit as being 60 days overdue on your mortgage. Some of the factors that will determine the impact on your score include the type of account that it is, how late the payment is, if you’ve had other late payments, and what your credit score currently is. The important thing is to make the payment and get your account back in good standing, which you’ve done. Being late is one thing, but not making the payment at all is another thing altogether. Generally, if the late payment is your only late payment in the last several years, you shouldn’t worry too much about it. Also, keep in mind that a lender may choose to overlook a single late payment if the rest of your credit is very good. In the end, it’s not always about your credit score, but rather your creditworthiness in a lender’s eyes.

 

© Left Field Media

If you’re a normal millennial, you’ve heard terms like “refinancing” and “taxable annuities” and “lender pre-approval” thrown around in adult conversation at networking events and breakroom lunches, and for the most part you nod your head and stare into your GMO-free organic vegan salad to avoid saying something you don’t really know anything about. My dear aspiring homeowner, today we’ll learn about what getting pre-approved for a mortgage loan means, and you’ll be one-step closer to being a grown-up!

 

Let’s go back to basics. Buying a house is usually the largest purchase you’ll ever make. Most of us don’t have $200,000 lying around in bank accounts or under mattresses, and unless you have a wealthy Victorian benefactor or recently deceased prosperous great-aunt, you have to borrow the money from a bank or credit union when you purchase a home. Banks, as you know, won’t just give anyone on the street a pile of cash. They have carefully vetted risk models to rate your loan-worthy status based on credit history, credit score, income, assetss–basically whatever they can think of to judge you by so that they can entrust you with their money and gauge the probability of getting their money back from you.

 

Before you start shopping for your home, you should go to a bank, credit union, or online lender and submit an application for pre-approval. Typically, they’ll ask for proof of income (pay stubs, two years’ of W-2s, two federal tax returns, and two months of bank statements). They’ll also pull your credit report, verify employment, and make copies of your driver’s license and social security card. But it sounds so serious and scary, you say! Don’t be worried—this is standard procedure for loan pre-approval, and every homebuyer does this. You should only be worried if the lender ask for your phone number and if you’d like to go salsa dancing on Friday.

 

You can discuss loan options and budgeting, interest rates, and most importantly, you’ll figure out the maximum you can borrow. This will help you determine what your house-shopping budget is, which will direct your house-hunting efforts. Sorry McMansion, but a two-bedroom townhome it is! Once you’ve submitted your application and all necessary documents for verification, the lender will provide you with a letter showing how much they’ve approved for lending and the basic terms. Remember, preapproval isn’t necessarily a loan commitment, but definitely speeds up the underwriting and loan approval process once you’ve submitted an accepted offer on your dream house.

 

Why even go through the hassle of pre-approval if you have do it later for a loan anyway? Simply, it saves you time in the long run. Most owners and their agents don’t accept offers unless you’re preapproved, and it’s not just because they like to be judgy. For you, it’s an important step in finding an accurate and affordable price range for targeting your search. For sellers and agents, it’s a clear sign that you’re a credible buyer. Having a pre-approval letter can make the difference between two similar offers. It will definitely label you as someone who knows what terms like “air pocket stock” and “marquee asset” mean in conversation. You know, grown-up talk.

 

If, for some reason, you can’t get pre-approved for a loan right away, there are several steps you can take to improve your credit score and help bump you into a lower-risk category for lenders, which we will learn about in a different post. Remember, in the house hunting game, it pays to be prepared—not only for your dream house, but for any water cooler conversations involving grownups.