It's a crisp Fall day in my part of Illinois. I was on my way to my health club when I stepped outside and felt the sun and smell of fall. Leaves had fallen in my back yard that it looked like a golden field so instead I took out my rake and started piling them up. The physical work helped to ease some of the stress from my morning.

My morning was spent finalizing closing dates for a couple of transactions that should have closed last month. One was a short sale that just seemed to take forever to close even with a great buyer and financing that was supposed to be a slam dunk. But nothing in today's lending environment is a slam dunk. I will be relieved to finally close on this one tomorrow but hopefully with positive thoughts I will be able to post this one as a sold - 24 hours from now.

My other transaction is with a buyer that is a 1st time home buyer. They are so excited to have found a place they liked that you can't help but be happy to be part of this transactions. Their financing was great and the only thing that held it up was a minor thing that I had no control over - the deposit of the earnest money check becauee I no longer hold earnest money check in transactions. The wierd thing is that the seller's attorney is the one that didn't deposit the check so they can't complain about closing late or give us too much grief.

So I just fiished talking to the mortgage officer and he informed me that the title charges are out of line with FHA guidelines and that the buyer's attorney will have to discuss this with the seller's attorney. It seems that those final details are still not finalized days before the closing date. We also found out that the village of Bolingbrook has transfer fees that are pretty high - $7.50 per thousand and split between buyer and seller. Next to Chicago this is one of the highest transfer fee's that I am aware of. I am always amazed at how some cities are able to get away with this type of taxation.

Buyers and sellers continue to be nickled and dimed with fees at closing - handling fees, email fees, city, state, email handling etc.

It's hard enough to find a buyer to sell a house to with the right credit score, the right down payment and for the right price...but now we have to also contend with the right closing fees!

Bolingbrook, Illinois is a 20.5 square mile area located with easy access to I-55, I-355, Route 53, and Route 126. This central location offers a variety of shopping, dining, and entertainment options. Bolingbrook offers a wide variety of housing opportunities at variours price points in an array of neighborhoods. Housing in Bolingbrook includes single-family homes, condominiums and townhouses.

In addition, the most recent endeavor is The Promenade located just off of Boughton Road and I-355. It is the home of a beautiful outdoor mall with retailers and restaurants galore! Bolingbrook also boasts the Bolingbrook Recreation and Aquatic Complex which is a 68,000 square foot facility with exercise equipment, an outdoor water park, volley ball courts, concession stands, and more. And, not far away visitors and residents will find the Clow International airport, where small airplanes take off and land, helicopters come to refuel, and hungry travelers can eat while watching all of the fun. Clow also offers a flying school for the adventurers at heart! Miniature golf, batting cages, and the Showplace movie theater are just a few more reasons why residents love living in Bolingbrook!

The numbers are in for the Bolingbrook IL 1st quarter single family market.

There were 87 single family Bolingbrook IL homes that sold during the first quarter of 2009 from January 1st through March 31st. 42% of the homes sold were 3 bedroom homes and the 4 bedroom home market accounted for 47% of the market share.

The average sale price of a 3 bedroom home in Bolingbrook is $166,419 which is 93% of the average asking price. 93% is lower than the average list to sale price ratio of some neighboring communities like Plainfield IL where sellers of 3 bedroom family homes are getting about 95% of their asking price.

In contrast, sellers in the 4 bedroom market in Bolingbrook IL are getting about 96% of their list price which is $248,651 on average. Even more surprising is that the 5 bedroom market is getting 98% of their average list price. The average list time on a 5 bedroom home in Bolingbrook is only 40 days. This tells me that 5 bedroom Bolingbrook IL homes are in fairly high demand.

One interesting thing about the Bolingbrook market is the difference the average price between 4 to 5 bedroom homes which is only 7.2%, while the difference in the average price between a 3 and 4 bedroom home is about 30%.

The 1st Quarter Bolingbrook IL Market Report:

If you or someone you know are thinking about buying or selling a home in Bolingbrook IL, call me at 630-673-6233.

If you are behind in your mortgage payments, you may qualify for a short sale or loan modification to avoid a foreclosure. Call me for a confidential conversation regarding foreclosure and your options.

Julie Ferenzi | Realtor®
Bolingbrook IL Homes
630-673-6233

As of 03/24/09, there are 6 homes for sale in Colonial Village subdivision in Bolingbrook, ranging in price from $89,900 to $199,900. Visit Bolingbrook real estate site and view all real estate listings in Bolingbrook, Illinois including Bolingbrook foreclosures, short sales and bank owned real estate listings.

Bolingbrook Real Estate

As of 03/24/09, there are 6 homes for sale in Sugarbrook subdivision in Bolingbrook, ranging in price from $125,000 to $169,500. Visit Bolingbrook real estate site and view all real estate listings in Bolingbrook, Illinois including Bolingbrook foreclosures, short sales and bank owned real estate listings.

Bolingbrook Real Estate