You’d think the process of buying and selling the second time around would be easier, but buying a new home when you already own one presents its own unique challenges. The ‘tried and true’ advice is that you shouldn’t buy a new home before selling your current place - no one wants to pay two... Continue Reading →
5.3 Months of Inventory – Champaign Home Sales Report
Champaign County real estate inventory is averaging 5.3 months of supply. This represents a fairly balanced market between home buyers and sellers. 5 to 6 Months of supply is the standard for balance between a buyer's or seller's market. Five or less and the demand is strong enough to label it a Seller's Market. Six... Continue Reading →
Will This Property Qualify for an FHA Loan?
FHA loans can prompt a lot of questions from both home buyers and sellers in Champaign. Will it jeopardize the sale? How does the interest rate compare? This list highlights the most common issues that arise from a home purchase and FHA appraisal.
Prairie Fields Savoy IL – Real Estate Update
I am ready to officially declare Prairie Fields Subdivision in Savoy IL as the most popular neighborhood in Savoy! Newer homes, proximity to local Savoy parks and a great location in Champaign County all add to the list of positives.
Sawgrass Subdivision – Champaign IL
The average MLS sale price for a single family home in Sawgrass for 2012 YTD is $219,350. This is up about 3% from the same time frame last year. 2011 was down over 7% from 2010 and it's nice to see a bit of a rebound in housing values in this Champaign neighborhood.