About Kendall County, IL

Today it's more and more common to provide a Home Warranty when you sell your home. On the west coast, Home warranties are commonplace and almost required. Here in Illinois they are fairly common - especially on older homes. And you always get a warranty when you purchase new construction.
A typical home warranty will cost between $300-$400 dollars. I typically offer my clients three different Home Warranties: HWA, HMS or Kettley Realtors Warranty.

• HWA Home Warranty
• HWS Home Warranty in Illinois
• Kettley Realtors & Globe Home Warranty

There are many different home warranty companies available and I'll give you a list of some of the ones I've found at the end of this blog. But first, we'll talk about why you should use one. With an older home, a home warranty just gives a buyer peace of mind. Typical buyer questions about your home will be "How old is the roof", "how old is the furnace", "have the windows been replaced", etc. They want to know about all the "Major" upgrade items they may have to shell out for after buying the home. Nothing is worse that finding out you have a major repair on a home you just bought.
Because all home warranties are different - I'll use HMS as an example. This is one of the warranties I often recommend and they have excellent phone support when you have a problem. HMS offers a home warranty on a single family home, townhome or condominium for $399.00. This covers the following: Electrical, Plumbing, Water Heater, Sump Pump, Oven, Range, Stove, Built in Microwave, Refrigerator, Built in Dishwasher, Washer, Dryer, Garbage Disposal, Built-in Trash Compactor, Central Vacumn system, Garage Door Opener, Ceiling Fans, Door Bell Chimes. Heating & AC systems are included for the buyer - but cost an extra $70.00 for the seller. You can also purchase optional coverage for a jetted tub, well pump, swimming pool or spa.
As you can see - you get a lot of coverage for $400 dollars. When this is provided as part of the marketing package - a realtor can market the coverage and piece of mind when marketing the home. I can even put a sign rider in front of your house that says "Covered by a Home Warranty". Think about the first time you bought a new home. How nervous were you? I know I was nervous. Having a home warranty takes a lot of worry out of the process. The second advantage is - you are covered. From the moment your house is listed or when you purchase that home warranty - you as a seller are also covered for the systems I mentioned above. If you have purchased a second home already - this can really help alleviate the worry of taking care of two homes. Something goes wrong - your covered.
Most home warranty companies work in a fashion similar to HMS. Each has a list of the sytems/items covered, available upgrades, cost and deductible. Most have a $100.00 or $200.00 deductible per "visit" by a contractor. So it's best to wait until you have several items that need to be taken care of.

Here is a list of some of the Home Warranty Companies out there:

• NationalHomeProtection.com
• NationwideHomeWarranty.com
• American Home Shield
• TheWarrantyGroup
• HWA Home Warranty
• HMS Home Warranty
• First American Buyers Protection
• LibertyHomeProtection
• Home Warranty Inc.

Bo Buchanan, Kettley Realtors 58 Chicago Rd, Oswego IL. 60543 (630) 846-4663

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I finally got a chance to tour the new Boulder Hill Condos off Boulder Hill Pass - down behind the shopping Center at the Rt. 25 Entrance. These apartment buildings are being converted to condos as they are sold. Prices start at $75,900 for a one bedroom unit and go up to $120,900 for a 3 bedroom townhome.

There are two units you can view as models - both have been furnished by IKEA and look really nice!

These units are similar in size (but more updated) as the Deer Run Condos off Rt. 31 in Oswego. All units will have association dues but heat will be billed separately. Some of the standard home features will include:

• New Windows
• Wall to Wall Carpeting (laminate wood upgrades offered)
• Custom Window Treatments
• 6 Panel Colonist Doors & Trim
• Designer Lighting pacakge
• Appliances
• Central Air
• and more!!

For more information, floor plans or to tour the models call!

Bo Buchanan, Kettley Realtors 58 Chicago Rd, Oswego IL. 60543 (630) 846-4663

IllinoisHouseHunter.com|OswegoHouseHunter.com|MontgomeryHouseHunter.com|YorkvilleHouseHunter.com

Why won't my home sell?

I would like to share my opinion with anyone who has been trying to sell their home. My name is Mark Roncone. I am a full time Realtor who lives and works here in Kendall County. As a real estate agent I earn a living when I help sell a home. I work with buyers and sellers. I am not taking sides. The ideal real estate transaction is a win-win for everyone involved! I want every home to sell!

"The market" Let's talk about it. Long story short, the market is flooded with homes for sale. I mean flooded. Here are some details on our market. Kendall County, IL as of December 2007 had 15.5 months supply of inventory and the average home sold in 116 days. This means it will take approximately 15 months to sell every home that is currently for sale! Now compare that to December 2005 in Kendall County. The supply of inventory was 11.8 months with a market time of only 52 days! Kane County, IL as of December 2007 had 17.8 months supply of inventory and the average homes sells in 112 days. Again compare that to December 2005 in Kane County. 7.8 months supply of inventory with the average home selling in 61 days.

Mortgages- Another problem that we have to deal with is the ability to obtain a mortgage. Real estate financing that was so easily obtained in the past has proved to be a little tricky. Many lending institutions have gone under and the ones that have survived have tightened up their lending programs. This means fewer buyers have the ability to qualify for the loans that they need to purchase a home.

Market price-The prevailing price at which merchandise, securities, or commodities are sold. Sold is the key word. How much are homes like yours, in your neighborhood, selling for in today's market? This is not what your home appraised for when you refinanced your mortgage. You can throw that number out the window. The price that a buyer is willing to pay for your home also has nothing to do with how much you owe on your home. I am sorry but you must know that they really don't care what you owe! The typical buyer will make an offer based on sales of similar properties in your neighborhood.

So back to the question, why won't my house sell? First, I have to say that homes are selling! They are! Everyone is complaining about how bad the last year was in real estate. 2007 was one of the better years in the real estate market. I know it is hard to believe but it is a fact. My opinion is that most people have to take a long hard look at the price of their home from a buyer's point of view. If you home is in great condition and you have had no offers, it is time to adjust that price.

I would love to answer any real estate questions you may have. mroncone@remax.net or (630)212-1118.

Visit my website at www.markroncone.com

Are you thinking about selling a home in Yorkville, Aurora, Oswego or the surrounding areas? Check out these sellings tips! 20 Tips for Selling Your House

Yorkville, Aurora, Oswego, IL Real Estate
Mark Roncone with RE/MAX Professionals Select can help you with every aspect of buying or selling your home. He is experienced, professional and he cares! Specializing in residential real estate home sales, working with home buyers and sellers in Yorkville and the surrounding areas.

www.markroncone.com 630-212-1118

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