Spring Flower

The spring weather continues to send rain and more rain in the Chicagoland area.  With the spring market in full swing and less than a week away from the end of April how’s our small town doing when it comes to Single Family home sales?

Single Family 
                         TOTAL   MARKET    NEW     SHORT SALE      FORECLOSURE
Closed YTD        59               20            12                 13                             14
Contingent          63               30            22                 28                               8
Pending              18                 2             2                    3                             10

As of 4/22/2011  – We have had 59 sold homes.  Of those 59 – 20 were regular market listings (i.e. Not a foreclosure, short sale or new construction).  New homes sales are at 12 homes, 13 short sales, and 14 foreclosures.

Currently we have 63 homes that have contracts but have some sort of contingency before they actually set a closing date.  Some of the normal contigencies are, attorney review, financing contingency and in the case of a short sale, bank approval.

In the pending category we have 18 pending homes.  The contigencies have been met and the closing date has been set or is close to be set – the loan is in underwriting and everyone is waiting for a clear to close.

Purple Spring Flower

Here is a short sale in Oswego that is currently under contract:

Ashcroft Place Short Sale

If you are a homebuyer still sitting on the proverbial fence…jump off it today!  There are some wonderful homes in great condition waiting for you.  With the lending picture getting tighter each month you really can’t afford to wait.  If they get rid of government guaranteed loans will you have the possible 20% down that some experts are predicting?
Whether you are looking for an existing home, distressed home or want to build your perfect new home, call me.  As a former new home sales person I am very familiar with the new construction subdivisions in town and will hold your hand throughout the process.  Building a home is a different type of transaction and if you have not done it before you really need to have an expert with you.
All in all, Oswego is doing much better than some of our neighbors!  Let’s keep the momentum going!

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