RealEstateBuyMe.com

Foreclosures are sad ......

Wed, 23 May 2012 05:37:06 -0700

Foreclosures are sad. I feel the house 'knows' that something bad has happened to it. Don't know how I know, I just do. It's a gut feeling, an instinct. I make my friends and family laugh when I point and say, something is 'up' with that house.

One of my past listings recently became a foreclosure and popped back up on the market. A nice home that stopped being cared for. The buyers could tell and just didn't want to offer a decent price with all the other values in the neighborhood. Tried as I could the seller just disappeared. Not just for a week of no contact but soon he would not return my phone calls at all.

Visiting the house I noticed that 'things' were being changed out, replaced with lesser quality. Came by for my weekly check of the place and 'poof' the stove was now missing. That time the seller returned my call and answered with 'someone needed a stove'. Yeah, well that's nice .... how about the buyer that I am trying to sell to?

Time went by and literally I had had it. That little nagging feeling began to take over that all I was doing was helping the seller stall the inevitable. All I was doing was pushing off the foreclosure as the house was now vacant over a year.

Also during that time the bank 'secured' the property many times. If it was you or me trying to 'secure' a property, the police would just say you are breaking and entering! The house had revolving lock sets on the front door. Luckily the banks recovery team always left my lockbox in the foyer with the previous door knob still attached. Ahh, the joys of real estate! I began to just leave them in the foyer lined up against the wall.

The house is now under contract at a $30,000 lowered price which made it a real deal.

I'm glad that someone now wants to make the house a home.

The Vultures have Landed

Lyn Sims ● Schaumburg IL Area ● Northwest Chicago Suburbs ● (847)230-7324

Elgin IL Real Estate - 51 Gromer Rd, Elgin IL - $300,000

Thu, 29 Mar 2012 14:50:29 -0700

Lyn Sims | RE/MAX Suburban | (847) 230-7324

51 Gromer Rd, Elgin, IL

LOOKING FOR PRIVACY? LOOKING FOR GREAT WOODED LOT? 1 ACRE WITH
PLENTY OF ROOM!

4BR/2+1BA Single Family House

offered at $300,000

Year Built 1978 Sq Footage 2,510 Bedrooms 4 Bathrooms 2 full, 1 partial Floors 2 Parking Unspecified Lot Size 43,560 sqft HOA/Maint $0 per month

DESCRIPTION

COUNTRY SETTING BUT CLOSE TO EVERYTHING IN THIS GREAT HOME! PRIVATE YARD, SCREENED PORCH, 6 PANEL DOORS, CORIAN COUNTERS IN KITCHEN. UPDATES INCLUDE NEUTRAL CARPET & PAINT, HARDWOOD FLOORS IN FOYER & DINRM. MASTER BATH UPDATED, GREAT BR SIZES! FINISHED BASEMENT HAS REC ROOM, LOTS OF STORAGE & WORKSHOP.

see additional photos below

PROPERTY FEATURES

- Central A/C - Central heat - Walk-in closet - Hardwood floor - Family room - Living room - Dining room - Basement - Washer - Dryer

OTHER SPECIAL FEATURES

- Wooded Lot is 1 acre - 6 Panel Doors - Anderson Windows - Finished basement

ADDITIONAL PHOTOS

Wooded 1 Acre

Livingroom

Diningroom

Kitchen

Familyroom

Master BR

Master BA

2nd BR has walk-in

3rd BR

Finished Basement

Screened Porch

Back Yard

Side with drive

Front yard

Contact info:

Lyn Sims

RE/MAX Suburban

(847) 230-7324

For sale by agent/broker

Posted: May 22, 2012, 6:27am PDT

Lyn Sims ● Schaumburg IL Area ● Northwest Chicago Suburbs ● (847)230-7324

"As you know, I was working with another agent ....... "

Tue, 22 May 2012 05:23:12 -0700

"As you know, I was working with another agent ......."

Yes, this was a familiar phrase that I received in my email after helping this gentlemen search for homes in my area. (heavy sigh) Not to mention, he interviewed me extensively on getting down payment assistance and other market particulars. You know, I just feel used.

If the buyer would have been completely clear that he was interviewing many agents to help him with his home search I would have made an effort earlier to find out where I ended up in the interview process.

I would have interviewed him further and more extensively on why he thought 'undercover agent shopping' was the thing to do. I feel that I should have set up a display down at the local Walmart - 'Great agent having her brain picked over today from 2 to 5 - join the fun - bring a stick'.

I would have stopped short of offering up all my information for free (shaking my head here) on how I could help buyers receive down payment money. This buyer could not find anyone to help him find a loan officer that would do some of these programs. That he certainly needed me for.

If you are going to interview multiple agents that is fine but please be clear as to what your intentions are. I'm an honest, straight forward business person that expects the same courteous conduct in return.

If buyers expect honesty, they have to be honest themselves.

Lyn Sims ● Schaumburg IL Area ● Northwest Chicago Suburbs ● (847)230-7324

Is it Unenforceable Nonsense from Bank of America?

Mon, 21 May 2012 06:47:11 -0700

I'm sure that many have noticed the 'extended language' that is on many Bank of America foreclosures. In addition to the 'must be pre-qualified by our BofA lender' we now have further addendums that must be added to our contracts. Our MLS currently has many listings that just started to use this warning verbiage:

"Grantee herein shall be prohibited from conveying captioned property for a sales price of greater than $_____ for a period of _____ month(s) from the date of this deed. Grantee shall also be prohibited from encumbering subject property with a security interest in the principle amount of greater than $_____ for a period of _____ months from the date of this deed. These restrictions shall run with the land and are not personal to Grantee."

"This restriction shall terminate immediately upon conveyance at any foreclosure sale related to a mortgage or deed of trust".

Unenforceable nonsense that's what this is. I can see how a bank could restrict it's current employees from buying foreclosures but this new nonsense shows how the banks are trying to control the market.

What you can do with your property after the sale should be none of Bank of America's business. Can BofA be that concerned with fraud they will actually enforce any of these restrictions?

Are they enforceable deed restrictions?

Why is it allowable for a bank to tell a buyer what to do with 'possible future actions' to his home?

Are they worried about flipping? I say that if flipping is currently working for investors - good! That means the market is improving so why not let the market play itself out. If buyers want rehabbed foreclosures, sell them the rehabbed foreclosures. What does BofA care if their battered foreclosures gets resold with new carpet and kitchen cabinets?

It's market restrictive and it should be stopped.

Lyn Sims ● Schaumburg IL Area ● Northwest Chicago Suburbs ● (847)230-7324

Northwest Suburban Real Estate Market Report - April 2012

Fri, 18 May 2012 08:45:11 -0700

Real Estate Market Update - Northwest Suburbs - April 2012

Read this report if:

1) You are thinking of selling your Northwest Suburban home and want to see what's really up with our market.
2) You don't know what to believe because there are conflicting reports constantly in the media.
3) You're a future buyer that's beginning to get a feel for purchasing a larger home in the area but you're not sure what to expect.
4) You think your neighbor is lying when he tells you it will take at least a year to sell your home.
5) Your convinced your neighbor is stupid and really never liked him!

So let's start with answering those questions that you might have and dish all the particulars!

I'd like to report that April sales have been up in our area in both housing styles. The best indication that the market is improving is the number of homes that go under contract each month. Currently we are between 15 to 23%. This is terrific! That's a 5% increase in one month.

The inventory level (absorption rate) has decreased and it seems we have quickly rolled into the busier market months. The current inventory level has been low between 2.9 to 4.8 months. This would have been considered a sellers market 'in the good ole' days' of years past. Inventory level has decreased for the last 4 months in a row. This indicates that there are more buyers in the market than housing inventory but is that really the case? I have only experienced multiple bids on lower end foreclosures during this time.

I have been including the highest sales prices in each category for the month so we can watch for the 2nd tier home sales increase. The market will always recover from the 'bottom up' with the lower sales prices showing the largest number of sales until the 2nd tier breaks free. This will be an indication that the 'move up' buyers will been able to take advantage of today's prices and the low interest rates. This will be the next trend in the recovery. So far, not much activity in that upper end but the trend is getting better every month.

Single Family
Homes April 2012
Total +/-
over March 2012
YTD Total % YOY Change Avg. Sales
Price 2012 Avg. Days
on Market Highest
Sales
Price Bartlett 20
Even 68 +7% $242,369 136 $434,000 Elk Grove Village 15
Down 48 +29% $210,339 250 $332,500 Hanover Park 21
Up 62 +26% $130,655 117 $276,000 Hoffman Estates 20
Down 85 +23% $241,763 179 $467,500 Schaumburg 32
Up 99 +80% $242,453 190 $640,000 Streamwood 30
Even 98 16% $130,475 111 $307,500

Multi-Family
Homes
April 2012
Total +/-
over March 2012 YTD Total % YOY Change Avg. Sales
Price 2012 Avg. Days
on Market Highest
Sales
Price Bartlett 14
Up 36 +28% $106,349 148 $225,500 Elk Grove Village 16
Up 41 +2% $90,695 214 $195,000 Hanover Park 18
Up 49 0% $73,064 123 $230,000 Hoffman Estates 18
Down 61 +5% $88,977 108 $225,000 Schaumburg 49
Up 163 +59% $104,801 199 $359,000 Streamwood 17
Up 58 +45% $105,138 181 $192,000

Average Days on the Market needs no explanation and you can clearly see the extended times are still agonizing for sellers. Again, none of our market areas are lower than 3 months and for April have had little movement.

I am optimistic that we are recovering here now for a solid year. Month over month we have seen an increase in closings. One of the reasons I show the 'month over month' totals is to show you we truly are having sales increases - it's not just sales hype!

The number of 'pendings' (mentioned above at 15 to 23% of currently listed homes) has also increased but you can't guarantee on all of these sales making it always to a successful close!

Looking for an agent that's really a market expert? Let's get your Northwest Suburban home on the market and priced right to sell!

Is your current agent showing you any of this information? Do you feel your current agent is 'flying by the seat' of his pants when answering these questions?

Looking for a home in the area? Please give me a call or email me (on the right) to talk about the possibilities.

Sources: MRED April Stats 2012

Lyn Sims ● Schaumburg IL Area ● Northwest Chicago Suburbs ● (847)230-7324

Rent vs. Buy - Do what's Economically Smart!

Wed, 02 May 2012 09:59:57 -0700

Why buying a home is just economically smart!

Notice that rentals are getting harder and harder to find?

Notice that rents are increasing every year?

And according to the housing statistics that I can see the forecast is going to get worse for the renting population! This year I have heard the same stories from calls on my CraigsList ads that rentals are hard to find in our Northwest Suburban area of Chicago. Then, if you do finally find a rental, the rent is outrageous for the condition of the place!

Scarcity and slim pickens might make you think of an alternative to making your landlord happy every month. The answer is to buy yourself! I know that might seem like a blatant sales pitch but see these charts on why it actually is economically smart!

The charts are pretty straight forward and won't make your brain ache with all kinds of numbers, percentages and Excel spread sheets.

They point out that after the 3rd year of home ownership you will be ahead of the renting game and be able to have the home just as you would like to have it.

So there you have it. A few numbers crunched in your calculator will be able to tell you whether you could be a homeownership candidate. I bet that you thought you couldn't do it? Let me show you how it can be possible. There are also alternatives for down payments that I bet you didn't know about too.

Let's get a game plan going and see how we can make your wallet happy and your landlords not so much!

Lyn Sims ● Schaumburg IL Area ● Northwest Chicago Suburbs ● (847)230-7324

Hoffman Estates IL Real Estate - 720 Morton St. $184,900

Tue, 14 Feb 2012 18:07:55 -0800

720 MORTON Street HOFFMAN ESTATES, IL 60169
Come and see this home!

SLIDESHOW

VIEW A VIRTUAL TOUR

SPECIAL FEATURES

Asking Price: $184,900
MLS Number: 07993765
Bedrooms: 3
Bathrooms: 2 full and 1 half
Approx. Sq. Ft.: 1686

DESCRIPTION

SPACIOUS LIVINGROOM WITH BAY WINDOW, FORMAL DININGROOM THAT MOST MODELS DON\'T HAVE, REMODELED KITCHEN WITH NEWER APPLS, PERGO FLOORS IN KITCHEN & EATING AREA, PANTRY CLOSET. SKYLITE IN BATH. NEW CARPET IN 2BR\'S. UPDATES INCLUDE SIDING, SOFFITS, FASCIA, TEAR OFF ROOF, FURNACE 3 YRS, FLORIDA ROOM & COVERED PORCH, OVERSIZED PATIO & GARAGE. NICE HOME IN A GREAT AREA!

SELLER CONTACT INFORMATION

Lyn Sims
Agency: RE/MAX Suburban
Phone: 847-230-7324
Website: http://lynsims.net

ADDITIONAL PROPERTY IMAGES

Lyn Sims ● Schaumburg IL Area ● Northwest Chicago Suburbs ● (847)230-7324

Oakwood Hills, Elgin IL - $144,900 2BR 2BA Largest Unit

Mon, 19 Jul 2010 17:22:38 -0700

Lyn Sims | RE/MAX Suburban | (847) 230-7324

1010 Lincolnshire Court, Elgin, IL

PRIVATE LOCATION ~ TONS OF SPACE

2BR/2BA Condo

offered at $144,900

Year Built 1996 Sq Footage Unspecified Bedrooms 2 Bathrooms 2 full, 0 partial Floors 1 Parking Unspecified Lot Size Unspecified HOA/Maint $152 per month

DESCRIPTION

Vaulted Livingroom gives lots of light! 6 panel doors, location upgrade, laminate kitchen floor, 42" cabinets & marble counter. Master BR is generous & can accomodate the largest furniture also has walk-in closet. Private 1 car garage.
see additional photos below

PROPERTY FEATURES

- Central A/C - Central heat - High/Vaulted ceiling - Walk-in closet - Living room - Dishwasher - Refrigerator - Stove/Oven - Microwave - Granite countertop - Washer - Dryer - Laundry area - inside

COMMUNITY FEATURES

- Garage parking - Guest parking

OTHER SPECIAL FEATURES

- 6 panel doors ~ white molding ~ fresh paint - Master has Walk-in Closet - Private Balcony - 42" cabinets & marble counter in Kitchen

ADDITIONAL PHOTOS

Front

Livrm

Master BR

Kitchen

Eating Area

Contact info:

Lyn Sims

RE/MAX Suburban

(847) 230-7324

For sale by agent/broker

Equal Opportunity Housing

Posted: Jul 14, 2010, 9:56am PDT

Lyn Sims ● Schaumburg IL Area ● Northwest Chicago Suburbs ● (847)230-7324

228 Sonoma, Elgin IL $279,900 SHADOW HILL FORECLOSURE

Sat, 19 Jun 2010 15:56:35 -0700

Lyn Sims | RE/MAX Suburban | (847) 230-7324

228 Sonoma Dr, Elgin, IL

SAVE BIG ON THIS BIG HOUSE! 4BR'S - DEN - LOFT - 2.5 BA'S - 3 CAR GARAGE

4BR/2+1BA Single Family House

offered at $279,900

Year Built 2007 Sq Footage 3,122 Bedrooms 4 Bathrooms 2 full, 1 partial Floors 2 Parking 3 Car garage Lot Size .24 acres HOA/Maint $30 per month

DESCRIPTION

Save $100K or so on this newer home! Wonderful floorplan with open Greatroom & open Familyroom areas.
see additional photos below

PROPERTY FEATURES

- Central A/C - Fireplace - High/Vaulted ceiling - Walk-in closet - Hardwood floor - Tile floor - Family room - Living room - Office/Den - Dining room - Breakfast nook - Dishwasher - Refrigerator - Stove/Oven - Microwave - Stainless steel appliances - Basement - Washer - Dryer - Yard - Jacuzzi/Whirlpool

OTHER SPECIAL FEATURES

- 3122 SQUARE FEET - 3 CAR GARAGE - HARDWOOD FLOORS - 2STORY FOYER - BRICK FRONT WITH PORCH - INSULATED BASEMENT W/ROUGHED IN PLUMBING - MASTER HAS 2 WALK-IN CLOSETS - MASTER BATH HAS WHIRLPOOL, SEPERATE SHOWER - BA's HAVE CERAMIC FLOORS

ADDITIONAL PHOTOS

Front Porch/Brick

Familyroom

2story Foyer

Kitchen

Master BR

Master BA

Contact info:

Lyn Sims

RE/MAX Suburban

(847) 230-7324

For sale by agent/broker

Equal Opportunity Housing

Posted: Jun 19, 2010, 11:35am PDT

Lyn Sims ● Schaumburg IL Area ● Northwest Chicago Suburbs ● (847)230-7324

Schaumburg Area Dog Parks - Schaumburg Illinois

Sat, 29 Aug 2009 15:38:59 -0700

Dog Parks for your frisky pooch!

Bring your dogs to get off leash exercise, play and socialize with other dogs. An annual pooch permit allows you and your canine companion to enjoy these different areas just a short drive away.

2009 U.S. and Canada Off-Leash Dog Park Guide

Hanover Park - Bloomingdale Area

Mallard Lake with Off Leash Dog Area

Glendale Heights - Addison - Medinah Areas

East Branch Off Leash Dog Area

Bartlett - Wayne - West Chicago

Pratt's Wayne Woods Off Leash Dog Area

Roselle - Schaumburg

An annual pooch permit allows you and your canine companion to enjoy our Odlum Park Dog Park. (kinda redundant?) A liability waiver and current vaccinations are required to obtain a pooch permit. Membership is valid from July 1, 2008-June 30, 2009. Registrations fees are non-refundable, non-transferable and are not prorated.

Odlum Park is located close to Central and Rodenberg actually on Travis Parkway- (close to the Schaumburg Flyers Baseball Stadium and the Schaumburg Train Station)

'Woofstock' in Roselle at Odlum Dog Park

Lyn Sims (847)230-7324
at RE/MAX Suburban

I proudly serve and sell real estate in the Northwest Suburbs of Chicago. If you are thinking about purchasing or selling your home and want to work with a local area expert, contact me immediately.

Disclaimer: All data and information provided on this blog is for informational purposes only. Lyn Sims makes no representations as to accuracy, completeness, correctness, suitability or validity of any information on this site and will not be liable for any errors, omissions, or delays in information or any losses, injuries, or damages arising from it’s display or use.

Resources: Cook and DuPage Forest Preserve Districts

Lyn Sims ● Schaumburg IL Area ● Northwest Chicago Suburbs ● (847)230-7324

Down Payment Assistance Opportunity for DuPage County

Thu, 06 May 2010 17:09:39 -0700

Down Payment Assistance and Home Ownership Opportunity in DuPage County IL

Neighborhood Stabilization Program (NSP)

DuPage County is purchasing bank-owned foreclosed homes and rehabbing them for sale to qualified buyers, who would be willing to live in the house. This owner-occupied new program includes a special financing plan that can save you money and help you get the home of your dreams.

How does it work?

Borrower must qualify for a purchase price of at least $100,000
Tax impound account required
Term of 15, 20 or 30 years
Fixed rate, must be reasonable
Fully amortized
Renovation loans not allowed (203K)
Lenders not on the Authorities Participating Lender List will need to submit a copy of the Good Faith Estimate (GFE) and Commitment Letter to the Authority at time of first mortgage loan application for approval & review.

There are income requirements! 1 person is $63,350 gross maximum while a 8 person household is $119,450 maximum income level. (See guidelines sheet).

Buyers need to make a minimum downpayment of $1000 from their own funds (no gifts) plus the required closing costs.

Education requirement - Borrower must complete an 8 hour home buyer education seminar, home maintenance class and budgeting class provided by the Authority.

Credit score minimum's of 660.

2 months reserves for borrower required.

Assistance Amount - 17% of the purchase price with no interest.

You will need a Realtor (me!!!) to show you these homes or to be sure they are still available. This is a tremendous opportunity and when the funds are used up the program is gone.

NSP Guidelines

Properties Available

Frequently Asked Questions

Please call Lyn Sims for this down payment assistance and home ownership opportunity for DuPage County in IL!

Lyn Sims ● Schaumburg IL Area ● Northwest Chicago Suburbs ● (847)230-7324

Schaumburg Township - Cook County Reassessment

Mon, 15 Jun 2009 12:02:49 -0700

Well is this good news? We shall see. Don't forget to look for this assessment change in your mailbox coming soon. Don't forget that every Illinois homeowner has the right to protest their taxes if they feel they are being overvalued and over taxed. Just wanted to be sure that you were informed as the county doesn't seem to be getting the word out like it should. This will effect all homeowners in Cook County!

Cook County Assessor Announces First-Ever Downward Market Adjustment for Homeowners (released 5/11/09)

Cook County Assessor Jim Houlihan announced that residential properties not being reassessed this year will receive a market adjustment reflecting the real estate downturn. Residential properties in 30 suburban townships will receive reductions in their assessed value.

“The situation we are facing is extraordinary. Foreclosures and declines in sale prices and volume have taken a toll on home values,” Houlihan said. “After careful analysis of market sales and foreclosure data, we determined these townships should not have to wait until their next reassessment for the impact to be reflected."

“Homeowners are already getting less protection from the 7% Expanded Homeowner Exemption this year,” Houlihan added, noting the General Assembly’s decision to phase it out. “That makes the adjustment even more urgent.”

As part of this historic step, the Assessor’s Office will mail notices to every property owner in Cook County this year. Normally, properties are assessed every three years and receive notices only then. The north suburbs are not scheduled to be reassessed until 2010; the south and west suburbs will be reassessed in 2011.

This year, each suburban township will receive an adjustment percentage, which will lower the existing assessed values of all residential properties in that township, Houlihan said. The reductions will likely range from 4% to 15%.

“Areas hit hard by foreclosures and market drops will see the biggest reductions. We will continue to monitor the market. The percentage reductions will change if the conditions warrant it,” Houlihan said.

The first notices will be sent to River Forest Township in May and will reflect a 5% reduction for residences there. Cicero Township, burdened by a high foreclosure rate and a battered sales market, will receive a 15% reduction, Houlihan said.

The market reductions come as the Assessor’s Office is implementing the 10/25 Ordinance, a measure simplifying assessment levels passed by the County Board last year. Under the ordinance, the assessment level of residential properties is 10% of market value; for industrial and commercial properties, it is 25% of market value.

Cook County Appeal Forms

Lyn Sims (847)230-7324 at RE/MAX Suburban

I proudly serve and sell real estate in the Northwest Suburbs of Chicago. If you are thinking about purchasing or selling your home in the communities of Schaumburg, Elk Grove Village, Hoffman Estates, Roselle, Palatine, Medinah, Itasca, Bloomingdale, Carol Stream, Bartlett, Hanover Park, Streamwood, Elgin, South Elgin, St. Charles and more importantly, want to work with a local area expert, contact me immediately.

All data and information provided on this blog is for informational purposes only. Lyn Sims makes no representations as to accuracy, completeness, correctness, suitability or validity of any information on this site and will not be liable for any errors, omissions, or delays in information or any losses, injuries, or damages arising from it’s display or use.

Lyn Sims ● Schaumburg IL Area ● Northwest Chicago Suburbs ● (847)230-7324

Schaumburg Township Assessor - Long Time Occupant Exemption

Tue, 16 Jun 2009 12:21:37 -0700

LONG-TIME OCCUPANT HOMEOWNER EXEMPTION FOR COOK COUNTY

New exemption will allow homeowners residing in their homes 10 years or more to receive additional tax relief if the following requirements are met:

Homeowner with a total household income of $75,000 or below will have an increase limited to 7% over the prior year’s taxable value, with no maximum exemption amount.
Homeowner with a total household income greater than $75,000, but not exceeding $100,000 will have an increase limited to 10% over the prior year’s taxable value, with no maximum exemption amount.

So an example would be: Your taxes are $3500 per year - the most they could increase would be $245 and you would have to make less than $75,000 per year.

So an example would be: Your taxes are $3500 per year - your income is above $75,000 but below $100,000 your taxes could only increase $350 per year.

Please note the Long-Time Occupant Exemption cannot be received with the 7% Expanded Homeowner Exemption (in layman's terms, this is the regular homeowners exemption that one receives) or the Senior Freeze Exemption. The most beneficial exemption (the one that takes off the most amount of money) will be applied to the property.

If you would like additional information regarding this new exemption or any other exemption, please go to www.cookcountyassessor.com or your local assessor's office for a thorough explanation.

Be sure that you are applying for your exemptions so that you only pay what is necessary every year!

Be vigilant! The county is not making this information readily available to all that need to know!

Exemption Forms

Long-time Occupant Homestead Exemption (LOHE) – Cook County Only
Public Act 95-644 that passed into law in 2007 created a new homestead exemption for counties that are subject to the AGHE (currently only in Cook County). The new exemption is in effect in Cook County beginning with 2007 tax year for residential property that is occupied as a primary residence for a continuous period by a qualified taxpayer with a total household income of $100,000 or less. The property must be occupied for 10 continuous years or 5 continuous years if the person receives assistance to acquire the property as part of a government or non-profit housing program. This exemption limits EAV increases to a specific annual percentage increase that is based on the total household income of $100,000 or less. A total household income of $75,000 or less is limited to a 7% annual percentage increase in EAV or a total household income of over $75,000 to $100,000 is limited to a 10% annual percentage increase in EAV. The minimum limit is the same amount calculated for the GHE with no maximum limit amount for the exemption. Properties cannot receive both the LOHE and the AGHE, GHE or SCAFHE. Properties that qualify for the SCAFHE will receive the same amount calculated for the GHE. For information and to apply contact the Cook County Assessor's Office.

Lyn Sims (847)230-7324 at RE/MAX Suburban

Lyn Sims ● Schaumburg IL Area ● Northwest Chicago Suburbs ● (847)230-7324

Streamwood IL Real Estate - Wildberry Townhomes - Lyn Sims (847)230-7324 RE/MAX Suburban

Wed, 06 Aug 2008 16:02:24 -0700

Sales summary for the Wildberry Townhome community in Streamwood IL near Barrington and Bode Rds. Very popular area across the street from the Cook County Forest Preserve with wonderfully maintained walking, jogging and newly finished bike paths. The area is comprised of private entry 2-story or ranch styled townhomes with a 1 car garage. The association has an outdoor pool and clubhouse available for all homeowners. Wildberry is in the popular Schaumburg School District 54 and 211. Prices range from $159,900 to $230,000. Alot of great square footage for your money here! Two models have very popular "ranch" styling with no stairs for seniors.

1BR 1BA Astor Model, 1 car garage (1st floor RANCH) Last Closed Sale 06/30/2008 $152,000

2BR 2BA Berkeley Model, 1 car garage (2nd floor ONLY) Last Closed Sale 04/30/2008 $195,000

2BR 1.5BA Claremont Model, 1 car garage (2story) Last Closed Sale 03/21/208 $196,000

2BR 2BA Dorset Model, 1 car garage (1st floor RANCH)

2BR 2.5BA Essex Model, 1 car garage (2story) Last Closed Sale 04/29/2008 $215,000

3BR 2BA Fairfax Model, 1 car garage (2nd floor ONLY)

3BR 2.5BA Greenfield Model, 1 car garage (2story) Last Closed Sale 05/29/2008 $220,000

There have been a total of 6 closed sales for 2008 so far. The average days on the market is 111 with some units taking up to 134 days (yikes). This is up from the 2007 average of only 54 days. Average sales price is $194,733 for all 6 models.

Wildberry is also very popular with commuters to Chicago - they use the Hanover Park or Schaumburg Train Station which has plenty of parking and is located less than 1-2 miles away (Milwaukee West Line).

Please let me know if I can help you with any more information on this great area that I specialize. There are a few homes on the market now that I would be able to show you.

Lyn Sims Re/Max Suburban 847-230-7324

My consumer friendly website is www.LynSims.net and you can start searching for ALL HOMES AVAILABLE FOR SALE near Streamwood, Bartlett, Elgin, South Elgin, Elk Grove, Medinah, Itasca, Schaumburg, Hoffman Estates, Roselle, Bloomingdale, and Carol Stream.

I am looking for a home and need more info, please contact me Lyn!

Lyn Sims RE/MAX Suburban (847)230-7324

MY WEBSITE LINK SHOWS YOU ALL THE HOMES AVAILABLE IN ONE EASY PLACE!

Lyn Sims ● Schaumburg IL Area ● Northwest Chicago Suburbs ● (847)230-7324

Wildberry Townhomes, Streamwood IL Homes, Lyn Sims RE/MAX Suburban (847)230-7324

Wed, 26 Dec 2007 15:14:57 -0800

1BR 1BA Astor Model, 1 car garage (1st floor RANCH) $159,000 to $169,900. Last Closed Sale 09/21/07 $164,500

2BR 2BA Berkeley Model, 1 car garage (2nd floor ONLY) $180,000

2BR 1.5BA Claremont Model, 1 car garage (2story) $187,500

2BR 2BA Dorset Model, 1 car garage (1st floor RANCH) $190,900

2BR 2.5BA Essex Model, 1 car garage (2story) $218,000 to $224,000. Last Closed Sale 08/15/07 $218,000

3BR 2BA Fairfax Model, 1 car garage (2nd floor ONLY) $205,000 to $212,500 Last Closed Sale 11/14/07 $205,000

3BR 2.5BA Greenfield Model, 1 car garage (2story)

There have been a total of 14 closed sales for 2007 so far. The average days on the market is 54 with some units taking up to 153 days (yikes). Average sales price is $189,000 for all 6 models.

Wildberry is also very popular with commuters to Chicago - they use the Hanover Park Train Station which has plenty of parking and is located less than a mile away (Milwaukee West Line).

Please let me know if I can help you with any more information on this great area that I specialize. There are a few homes on the market now that I would be able to show you now.

Lyn Sims Re/Max Suburban 847-230-7324 or 800-637-9345 Outside IL, Schaumburg Area Homes

I am looking for a home and need more info, please contact me!

Lyn Sims RE/MAX Suburban (847)230-7324

MY WEBSITE LINK SHOWS YOU ALL THE HOMES AVAILABLE IN ONE EASY PLACE!