Schaumburg, IL

Schaumburg Townhomes - Find your new home right here!

There are many great Schaumburg Townhome selections to choose from as the map shows! Mouse over each home to see a brief description!

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Townhome Search by Schaumburg Subdivisions

Homebuyers will be paying higher fees on mortgages backed by the FHA after the agency announced last week that it is hiking fees in an effort to bolster its reserves and encourage the return of private capital to the housing market.

Since when is increasing fees a 'bolster' to the economy? Personally I feel this is not the time to penalize buyers for trying to buy a home despite the FHA's loses! Here is what is going to happen:

Starting April 1, 2012 the FHA will increase its annual mortgage insurance premium for loans under $625,500, from 1.15 percent of the loan amount to 1.25 percent. Starting June 1, 2012 larger loan premiums will increase 0.35 percent of a percentage point, bringing the total premium costs up to 1.5 percent of the loan amount. FHA also will raise a fee for the upfront mortgage premium by 0.75 of a percentage point, which will now total 1.75 percent of the loan amount.

What will that mean for you the buyer?

At $150,000 - the mortgage payment will increase approximately $18 per month. That's an extra $216 per year.

At $200,000 - the mortgage payment will increase approximately $24 per month. This is an extra $288 per year.

As long as you start the loan process prior to April 1st, you're will be grandfathered so to speak. You do NOT have to close on a house prior to this April 1st deadline.

I think you'd better get going!






Source: REALTOR® Magazine

The table below lists all of the single family detached and single family attached homes currently on the market in Schaumburg, IL The data lists available homes by price range with average time on market in each range.

Included in this list are many Foreclosures and Short Sale properties. Contact us for information on how we may assist you in seeing these properties.

Should you have an interest in homes in a selected price range, send me your physical characteristics requirements. I will send complete details on those homes that meet your criteria.

Active Listings

List Price Range # Listings Avg. Days on Mkt Less than $49,999 4 331 $50,000 - $99,999 70 220 $100,000 - $149,999 120 251 $150,000 - $199,999 93 222 $200,000 - $249,999 45 222 $250,000 - $299,999 33 210 $300,000 - $349,999 14 278 $350,000 - $399,999 18 299 $400,000 - $449,999 10 356 $450,000 - $499,999 7 252 $500,000 - $549,999 5 224 $550,000 - $599,999 3 232 $600,000 - $699,999 4 214 $700,000 - $799,999 5 590 $800,000 - $899,999 1 491 $900,000 - $999,999 1 461 $1,000,000 - $1,999,999 1 236 $2,000,000 - $2,999,999 1 79

Active Listings Summary

# Units Avg. MT Median List Price Avg. List Price Max. List Price Min. List Price Total Volume 435 243 $164,900 $211,129 $2,250,000 $40,000 $91,841,228

Schaumburg IL Home Search - Find your new home right here!

There are many great selections to choose from as the graphs show! Easily see how many homes are in your price range!

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Sometimes you have to wonder why things have to be so tough?

School District information and overall comparative information for schools is very lacking and a new law will put an end hopefully to that problem. When I work with a buyer and we have to compare two different school districts it is almost impossible to figure out who academically is more superior or what course specifics are lacking. Finally, the State of Illinois is trying to help parents end all the confusion! This is long over due in my opinion!

According to the Sun-Times: "Schools and districts will have to offer parents more user-friendly school reports with academic information, demographics and education statistics under a new law signed by the Governor in January 2012. Schools already have to send so-called report cards, but advocates of the legislation say they're hard to read, long and not easy to compare to other schools. The law takes effect immediately. The report cards will be available in the 2013 to 2014 school year for elementary, middle and high schools. No additional costs are expected to be incurred in implementing the bill."

Here is all the information that I could find to help parents search for school report cards and examples of academic excellence (or not) in our area. Some sites are local and some are for the entire state of IL.

School District Info from the Chicago Tribune

School Report Cards from the Sun-Times

A few highlights are given for our Schaumburg District 54! It seems that Hoover and Campanelli are rated in the top 50 Elementary Schools for Illinois!

Margaret Mead Middle School was included in the top 50 Middle Schools for IL

Conant was included in the top 50 High Schools and is in our Schaumburg Dist. 211 which is the largest High School District in IL.

Great Schools Comparison Site
Comparisons between private and public schools given.

Illinois Interactive Report Card
Comprehensive state wide school information by county, city or by school name.

IL State Board of Eduction School Info
Search for District Summaries and Special Ed/Special Needs Profiles here.

Private School Search across U.S.

Private Schools in IL

Private Schools evaluated in 2011
Chicago Magazine evaluates our Private Schools in the Chicago Area and Suburbs.

Looking for a home? No matter what your price range if your interested in the Schaumburgarea, please give me a call. I have over 25 years experience in the area and I bet I've been in the subdivision that YOUR interested in!

If you're a seller interested in selling your Schaumburg Home, please give me a call so we can get you into your next home! I offer you a customized market plan where your home is the star!

My website is full of great buyer information, seller information, staging information and examples, community info, school stats and community benefits for anyone thinking of buying or selling from first timer to seasoned veteran!