September 2010 
There are 4 blog entries for September 2010.
Short Sales and Buyers
Thursday, September 30th, 2010 at 3:10pm. 710 Views, 1 Comments.
I still meet buyers that don't really know what a short sale is. A short sale listing is a property the seller is trying to sell for less than what is owed on the mortgage. A short sale can actually take a very long time, the "short" is referring to the fact that there will be less money to the mortgage provider than what is owed, not the length of time from contract acceptance to closing. Short sales are available in every town and every price range.
Data suggests that only about 50% of short sale offers ever make it to closing. Agents, buyers and sellers don't understand why a mortgage provider would rather foreclose than sell short, especially when it seems like most closed short sales sell for higher prices than foreclosures. Not to
…Have We Hit Bottom Yet?
Sunday, September 19th, 2010 at 1:56pm. 645 Views, 0 Comments.
Have we hit the bottom of low home price values? The optimists keep saying we should see an improvement at the 
end of 2011 and into 2012. They might be somewhat correct, let's face it, they're talking a year down the road.
Today's low interest rates are tempting
Others are saying that the current low interest rates are another government ploy to keep buyers in the market. And they might be correct, depending on how low prices drop in the future. At today's current rates, you'd be better off with 4.5% interest rates vs. a 10% reduction at 6% based on an average home price of around $300,000. You can try out my financing calculator to play around with rates on different price ranges.
How low will prices go?
No one can say for sure,
…Tiger Woods at Cog Hill in Lemont
Sunday, September 12th, 2010 at 8:37pm. 543 Views, 0 Comments.
Tiger Woods was in the house! Today was the end of the BMW Championship at Cog Hill Golf Course in Lemont, IL. 70 PGA Tour players, including Tiger Woods, attended for a $7 million purse. I could see the blimp floating above Cog Hill on my way home from a wedding downtown.
Lemont residents were aware of the ensuing traffic and took other routes. My husband forgot about it and got stuck in some heavy traffic on Route 83 on his way back from one of his gigs (he plays in a band).
Tiger tied for 15th place. The winner was 26 year old Dustin Johnson, who faced some bad golfing this summer, although he did win in Pebble Beach this past February.
Cog Hill Golf and Country Club is located at 12294 Archer Avenue,Lemont, IL 60439-6711
New look complete for Chicago Suburbs Real Estate Website
Wednesday, September 1st, 2010 at 5:54pm. 583 Views, 1 Comments.
I hope you like the new look for the #1 "local" website for the southwest and near west Chicago suburbs real estate (from where I'm looking, Realtor.com is above me in the organic searches on Google for "Chicago suburbs real estate"). I think this is a cleaner look and I'm always trying to keep the site easy-to-use and organized.
New and Improved MLS Search
Part of the update was a better, custom MLS search. You have more search parameters and a lot more information for each listing. I'll create a new post just to show all of the data that is available when searching for homes on this site.
There are specific searches already set up for the featured areas and accessible from each specific page. For instance, on the Orland Park homes page
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