Shopping for a Bargain?

Shopping for a Bargain?

According to the National Association of Realtors (NAR) Distressed properties account for a large part of today’s housing market; however, after some consideration, most buyers choose to keep looking rather than purchase a home in foreclosure. According to the NAR 2009 Profile of Home Buyers and Sellers, almost half of all buyers and 56 percent of first-time buyers considered purchasing a foreclosed home but ultimately did not.

The survey revealed several factors that went into buyers’ decisions not to move forward with a foreclosed property. Twenty-five percent of buyers couldn’t find the right home, 17 percent thought the home was in poor condition and 16 percent felt the process was too difficult. Ten percent of buyers ended up purchasing a foreclosed home, up four percentage points from last year.

Julia Corkey & Vickie Schoenfeld
RE/MAX Professionals Select, Naperville Illinois
Email: Info@Homesbyteamelite.com

Website: www.HomesByTeamElite.com

Naperville Area Golf Courses

With Spring in the air, Golf season is upon us! (If you haven't got out there all ready) Here is a list of the local Naperville Area Golf Courses.




Springbrook Golf Course, Springbrook Course
18 holes over 6,900 yards with a par of 72 (Municipal)
2220 W 83rd Street
Naperville, IL 60564
(630) 848-5060

White Eagle Golf Club, Red Course
9 holes over 3,628 yards with a par of 36 (Private Equity)
3400 Club Dr
Naperville, IL 60564-5920
(630) 983-6836

White Eagle Golf Club, White Course
9 holes over 3,557 yards with a par of 36 (Private Equity)
3400 Club Dr
Naperville, IL 60564-5920
(630) 983-6836

White Eagle Golf Club, Blue Course
9 holes over 3,468 yards with a par of 36 (Private Equity)
3400 Club Dr
Naperville, IL 60564-5920
(630) 983-6836

Tamarack Golf Club, Tamarack Course
18 holes over 6,901 yards with a par of 70 (Public)
24032 Royal Worlington Dr
Naperville, IL 60564-8123
(630) 904-4653

Naperville Country Club, Naperville Course
18 holes over 6,789 yards with a par of 72 (Private Equity)
25W570 Chicago Ave
Naperville, IL 60540-5835
(630) 355-0747

Cress Creek Country Club, Cress Creek Course
18 holes over 6,600 yards with a par of 72 (Private Equity)
1215 Royal Saint George Dr
Naperville, IL 60563-2314
(630) 355-7300

Naperbrook Golf Course, Naperbrook Course
18 holes over 6,755 yards with a par of 72 (Municipal)
22204 W Hassert Blvd
Plainfield, IL 60585
(630) 378-4215

Bolingbrook Golf Club, Bolingbrook Course
18 holes over 7,140 yards with a par of 72 (Public)
2001 Rodeo Dr
Bolingbrook, IL 60490-3184
(630) 771-9400

Phillips Park Golf Course, Phillips Park Course
18 holes over 6,186 yards with a par of 71 (Municipal)
1001 Hill Ave
Aurora, IL 60505-3880
(630) 499-0670

Stonebridge Country Club, Stonebridge Course
18 holes over 6,905 yards with a par of 72 (Private Non-Equity)
2705 Stonebridge Blvd
Aurora, IL 60502-9420
(630) 820-1007

Are you pre-qualified or pre-approved for a loan?

Are you pre-qualified or pre-approved for a loan?
Before you begin to shop for a new home, you should set up a time to meet with a Loan Orginator so they can figure out how much you can afford. This will put you in a better position as a buyer. That’s when it is important to understand the distinction between being pre-qualified for a loan and pre-approved for a loan. The difference between the two terms will be crucial when you decide to make an offer on a house.

To get pre-qualified for a loan, they will collect information about your debt, income, and assets. They would look at your credit profile and assess goals for a down payment and get an idea of different loan programs that would work for you. They will issue you a pre-qualification letter indicating the amount you are pre-qualified to borrow.

It is important to understand that a pre-qualification letter is just an estimate of what you are eligible to borrow, not a commitment to lend. Getting pre-approved for a loan gives you competitive advantage when the time comes to bid on a home because you have been approved for a loan for a specified amount.

To get pre-approved, you will complete a mortgage application and provide a Loan Officer with various information verifying your employment, assets and financial status such as W-2 forms, bank records and credit card statements. They review your mortgage options and submit your application to the lender that best meets your needs. Once the application process is complete you will receive a pre-approval letter indicating the amount your lender is willing to lend you for your home.

A pre-approval letter is not binding on the lender; it is subject to an appraisal of the home you wish to purchase and certain other conditions. If your financial situation changes (e.g. you lose your job), interest rates rise or a specified expiration date passes, your lender must review your situation and recalculate your mortgage amount accordingly.

Click here to Apply for a Loan

RE/MAX Hot Air Balloon

Just the other morning sitting in the kitchen of our Naperville Home eating breakfast my daughter yells and points out the window "Mommys work"! I know work comes home with me, I am in Real Estate, but what would be in the yard! The RE/MAX Hot Air Balloon was behind our home, flew very close to the ground, over our fence through our yard and landed in front of our house. It was very neat to watch.. Oh and I took pictures of Course..

2010 Closing and Listings in Tamarack West- March

Tamarack West thus far in 2010 have had no closings. The last closings where of the following homes:


-4703 Perth Closed at $749,000 July 25, 2008
-4711 Perth Closed at $900,000 August 14, 2008
-3912 Royal Portrush Closed at $790,000 June 12, 2009

Currently on the market:
-4608 Sunningdale $829,000
-4712 Perth Dr $819,800
-3908 Callander Ct $800,000
-3915 Callander Ct $800,000
-3919 Callander Ct $598,000
-3919 Royal Portrush $530,000 (Short Sale)