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Posts Tagged ‘realtor’

If ONLY I could have one dollar for each time I am asked that question…. if that were truly the case, I would be posting this blog on a Macbook, from a sunny room overlooking the shores of the Yellowstone River in Montana.  However, that is NOT the case, so I have accepted that fact and moved on from a temporary (but ever so recurring) little dream.

Yellowstone River in Gardiner, Montana! Husband fly fishes while wife chases kids.

Yellowstone trip, August 2008..The husband gets to fly-fish while I wrangle the children.... lucky!

Keeping track of the numbers this year has been very humbling. The volume is down, as are property values in many, many neighborhoods. By this point in 2010, there had been 87 closings for detached homes in Geneva. So far for 2011, we have had 65 closings in total in all of Geneva. Out of the 65 homes that have closed, 20% have been distressed sales (Realtor lingo for “foreclosed” or “short sales”) NOT GOOD!

The other interesting statistic that I pulled from the chart below is this: 82% of the closings that have occurred so far this year have been under the $417,000 limit. This is an important figure ($417,000) because it happens to be the maximum FHA loan that can be obtained in Kane County. FHA loans do not require 10% down, or 20% down, so they are still achievable for most buyers. SO…. that’s what many buyers will get.  Not to overgeneralize, because there are still some buyers out there who will obtain conventional financing, but if I were to comb through the MLS and look at the financing code on every one of the closings for this year, I believe a vast majority of them would be FHA buyers.

I have included a table which breaks down the price ranges and statistics for you real-estate junkies out there. Please let me know if you have questions or concerns about anything in your neighborhood… I’d be happy to share my observations and my experiences. If you leave a question or comment below, I will be sure to respond!

As always, please email me if there is anyone you know who might be inclined to make a move to, or from, Geneva! Enjoy the day,

THINK SOLD!

Teresa Keenan

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Front door Friday fotos 012If you are a husband, you should be shopping here! The service is UNPARALLELED and extremely professional…..  2nd generation owner who prides herself on her exquisite inventory….

See if you can guess which business this door belongs to! Email me at teresa@stonetowerproperties.com if you think you know the answer! Have a great Friday, and I hope to see each and every one of you at the Christmas walk downtown Geneva this weekend!

THINK SOLD!

Teresa Keenan

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Iphone photos October 2009 031  

Welcome to…….

Front Door Fridays”…..in an effort to support our awesome local merchants, I will be posting some of my favorite “front doors” on Fridays. Most of the time the doors will be photos of the merchant’s doors… sometimes I will throw in a favorite home I have sold or something fun that catches my eye! If you are the first person to email me with the identity of the mystery photo, I will send you a gift card!! Now, let’s just manage expectations here…. The gift card will:

· Not be for $1000

· Be something you should enjoy immediately at said merchant locations!

· Be provided by Stone Tower Properties… it won’t be something I will be asking the merchants to donate!

· Be sent via US Mail, so when you email me, include your address!

I will announce the winner each week on the THINKSOLD site…..Once again, thank you for reading/subscribing to my blog, and thank you for your continued support of the best real-estate firm in Geneva!

So, for our first ever "Front Door Friday", who knows which charming little retail shop this front door belongs to?? Good luck and I hope to hear from you SOON!

THINK SOLD!

Teresa Keenan, Broker/Owner of Stone Tower Properties

115 Campbell St, suite 201

Geneva, IL 60134

630-917-2717

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