Home Field Realtors Illinois Licensed Real Estate Brokerage

First Time Home Buyer Fraud

The IRS just announced their first successful prosecution for fraud involving the First Time Home Buyer Credit program. There is a growing number of people who think they can claim the $8,000 credit on their tax return even though they are not eligable. What these people probably don't know is that the IRS has several sophisticated software programs to help detect fraud such as this on personal income tax returns.

It's always best to consult a tax professional when it comes time to prepare your tax return. Home Field Realtors can refer you to several capable tax professionals, just ask!

As always, be sure to visit www.HomeFieldRealtors.com for up to minute Multiple Listing Service Home Search for Naperville Homes for Sale and Chicago Western Suburbs Real Estate... http://www.homefieldrealtors.com/realestate/mlssearch/

Home Field Realtors

Home Field Realtors is a full service Discount Real Estate Brokerage that offers 1 . 5 % Full Service Discount Real Estate Commission Rates with Superior Customer Service and Cutting Edge Marketing.

Get the "Home Field" Advantage!

Our marketing strategies run so deep that our clients have often told us that "our marketing platform far outweighs our closest competitor and with far better rates". Home Field Realtors Naperville Discount Real Estate and Home Field Realtors Chicago Western Suburb Discount Real Estate will attract home buyers and save you thousands of dollars.

Please explore the site and get in touch with any questions or to schedule an appointment to begin viewing property in Chicago Western Suburb Real Estate or Naperville Real Estate!

Enjoy the ease of searching our customized access to the MLS and the detailed descriptions of the Western Suburbs' most popular neighborhoods.

We can be reached at (630) 303-6593 or at info@homefieldrealtors.com.

10 Ways to Get the Home Field Advantage!

• Home Field Realtors provides Competitive Real Estate Commission Rates, Top Service and Cutting Edge Marketing Strategies
• Home Field Realtors provides our Seller clients a FREE Home Warranty and Buyer clients a FREE Home Inspection
• Home Field Realtors features THE most powerful website in Chicago Suburban Real Estate...featuring complete MLS home listings, Google Mapping Technology, One-Click Home Searches, Foreclosure listings, Home Selling Tips, Free Offers and more! Visit www.HomeFieldRealtors.com
• Home Field Realtors features the most proactive and extensive Real Estate Marketing Platform available...please contact us for a complete review of the types of services we provide
• Home Field Realtors provides Professional Home Staging to sell your home for top dollar and in short market time
• Home Field Realtors will ensure that you receive the highest net proceeds in the shortest time frame possible
• Home Field Realtors provides our clients (buyers or sellers) free use of our moving truck
• Home Field Realtors provides consistent feedback so you are always kept up to date on the status of your sale or purchase
• Home Field Realtors constantly monitors the market to make sure your home remains competitive
• Home Field Realtors employs unique and aggressive advertising strategies that sets us apart from the competition...our cutting edge marketing strategies are included in our Home Selling System to get your home sold for top dollar

The Illinois housing market posted numbers in July 2009 with home sales about even with the same period 2008. Further, there has been six straight months of of month-to-month increases in the state of Illinois.

Statewide total home sales in July 2009 was 11, 407 compared to 11, 417 in July 2008.

Of particular importance, though home units have increased month-to-month, home prices are relatively flat. The Illinois median price in July 2009 was $169,000, up 1.2% from June 2009 and down 13.8% from July 2008.

Distressed sales, Foreclosures, Short Sales and REO (bank owned homes) accounted for 31-33% of home sales.

Visit www.HomeFieldRealtors.com

Submit Low Offers with Caution in Naperville Real Estate and Chicago Western Suburb Real Estate

With homes sales lagging its a heck of a lot easier in todays market to submit a low ball offer to see if it sticks...it's the old "throw a string of spaghetti on the wall and see if it stick" philosophy...well, you will risk alienating and insulting the sellers with a poorly constructed offer so it's still important to be smart about your offer - especially when purchasing Naperville Homes for Sale or Chicago Western Suburbs Homes for Sale...here are a couple of tips to prepare youself for negotiation:

A. Be careful with Foreclosure comps: Some of these homes were badly run down

B. Short Sale due diligence: If there were no other liens on the property except for the primary lien, then the lender had more wiggle room with the price...

And if you are a seller, keep in mind that appraisers are including foreclosures and short sales in their appraisal reports due to the fact that there are so many distressed properties...they have no other choice but to account for that fact in their findings...

For more information on Naperville Foreclosures click here http://www.homefieldrealtors.com/foreclosure-naperville/ or Naperville Short Sales click here http://www.homefieldrealtors.com/short-sale-naperville/, go to www.HomeFieldRealtors.com

Are Appraisals Killing Deals in the Naperville and Chicago Western Suburb Real Estate Market?

Sellers Beware!

Price your home right and you will have a fair chance to sell your home in this sluggish housing market we are currently in...there are buyers out there willing to pay fair market value. There may even be buyers out there that will (unknowingly) agree to pay OVER market value for a home in todays market. While this does happen from time to time, most of these buyers are working without the expert advice and negotiation savvy of a professional Buyers Agent who works on their behalf (and is compensated by the seller, NOT the buyer).

Here is the problem...In either case, whether you think you got a great deal on the sell price of your home or not, once you as a Seller agree to a sales price the buyers loan approval and underwriting process begins...with a bank appraisal of the property you are selling. The lender orders the appraisal from a list of appraisers they contract with in the local markets they operate. The appraiser will measure the property, account for upgrades, compare recent sales and plenty more calculations all in an effort to arrive at a Fair Market Value as of the date of the apppraisal.

Guess what? If the appraised value of your home is LOWER then the sell price you agreed with your buyer, the buyers lender most likely will not fund the deal and your home will not be sold to them. The buyer will likely ask you to reduce your sales price to the appraised price or they will walk from the deal. Further, most other appraisers will arrive at a similar price so even if you feel that you can sell to someone else at a higher price, their appraiser will likely squash that deal too.

The solution? Get real on your asking price. Ask yourself why you are selling your home? Do you really want out or are just testing the market? Friends, this market is not about testing, if you want to sell your home then price your home accordingly and hire a full service broker who will market the home well. It will save you lots of time and aggrevation.

Visit www.HomeFieldRealtors.com to learn all about our Home Selling System and Full Service Marketing Platform...

Good Selling!