Lake County Notes

Commit To Splitt

Southridge Market Watch

Elizabeth Splitt’s

 

Southridge Marketwatch”

“Here’s Helpful Information To Help You

Understand The Value Of Your Biggest Investment.

 

Homes Currently For Sale…

Address

Bdrms

Baths.

Style

Bsmt

Asking Price

90 White Barn Ln 5 2.2 Regency Finished 295,000
216 Saratoga Ct 3 1.1 Heritage Finished 189,000
6405 Plainview Rd 4 2.1 Regency Finished 289,900

                       

Properties Under Contract…

Status Address  Bdrms Bath Model Bsmt Asking Price
CTG 6143 Indian Trail Rd 4 2.1 Westbrook Unfinished 255,000

 

Recently Sold Properties…   

Address  Model Asking Price Sale Price Closed Date
6183 Old Farm Ln Bedford 295,000 273,000 11/23/2010

 

The above Market Analysis includes the following subdivision:  Southridge

Provided by Elizabeth Splitt and Team Splitt

Search the all the homes on the market today at esplitt.net

 

February 10, 2011 Posted by | Area Market Watches, Buying a Home, Real Estate For Sale, Selling a home, Southridge, The Splitt Times Newsletter | , , , , , | Leave a comment

Southridge Market Watch May

Elizabeth Splitt’s

 

“Southridge Marketwatch”

“Here’s Helpful Information To Help You

Understand The Value Of Your Biggest Investment.

 

Homes Currently For Sale…

Address

Bdrms

Baths.

Style

Bsmt

Asking Price

6159 Indian Trail Rd 4 2.1 Somerset Unfinished Crawl 284,900
6271 Sleepy Hollow Ln 3 2.1 Newport Finished, English 289,900
124 Knob Hill Lane 4 2.1 Glenhaven Finished 289,900
200 Pheasant Meadow 4 2.1   Crawl 329,000
232 Saratoga Ct 3 1.1 Heritage None 229,900
6200 Indian Trail Rd 4 2.1 Somerset Unfinished Crawl 294,000
6183 Old Farm Ln 4 2.1 Bedford Partial, Finished Crawl 374,999

 

Properties Under Contract…

Status Address  Bdrms Bath Model Bsmt Asking Price
A/I 6152 Indian Trail 4 2.1 Somerset Finished 329,000
A/I 276 Southridge Dr 4 2.1   Unfinished 300,000
A/I 6289 Wildflower 4 2.2 Bennington Finished, English 449,900

 

Recently Sold Properties…   

Address  Model Asking Price Sale Price Closed Date
213 Southridge Dr Regency 272,500 262,000 5/28/2010
6413 Plainview Dr Newport 289,000 247,000 4/14/2010
221 Saratoga Ct Westbrook 310,000 305,000 3/12/2010

 

The above Market Analysis includes the following subdivision:  Southridge

Provided by Elizabeth Splitt and Team Splitt

Search the all the homes on the market today at esplitt.net

 

June 7, 2010 Posted by | Area Market Watches, Real Estate For Sale, Southridge | , , , , , , , , , , , | Leave a comment

Grayslake Illinois-Do you have to do a short sale?

Are you a seller in trouble? Are you behind in mortgage payments? Here are some of the answers you have been looking for.

A short sale is when the home’s current value is less than the mortgage and the closing costs that a seller will incur when selling a house. The seller does not have the funds available to make up the difference. A short sale is different from a foreclosure where the bank takes the necessary steps to take the property from the owner through legal action.

Consider contacting your lender to arrange a loan modification. Your lender may have programs available to help you. You may be able to lower your interest rate for a period of time or the length of your loan. Another option may be to refinance the loan.

If you are not able to do a loan modification or this is not enough to help and you need to sell your home, look for help with an experience Realtor. When you interview agents make sure to ask if they have experience with short sales. Have they taken any classes to learn about the process to help you get through it? There are currently a few designations available to Realtors to learn about what the process is and how to best help a client. You will also need the help of an attorney that has handled short sales before.

You will need to show some sign of distress to the bank. Distress could be loss of a job, divorce, or in some way your income is not great enough to make the payments on the loan.  Gather your information before an offer comes in. You will need to have a distress letter written to the bank explaining your situation, your past two years of your federal taxes that have been filed, along with proof of your assests and income. These will be delivered to the bank once your have an accepted contract with a buyer.

Buyers will need to be prepared to wait for the bank approval. This typically can take anywhere from 2 months to 9 months depending on the lender. Your realtor and attorney will help you along the way. The bank will review the papers and order an appraisal to verify the price of the home compared to the purchase agreement.

The lender has approved the contract and typically will responsd with a time frame to close within. This is usually within 30 days. While going through this process you usually can stay in the home. Make sure your attorney reviews the banks response so you know how the short sale will effect you. They do effect your credit, although less than a foreclosure will. You may also have to pay taxes on the mortgage forgiveness.  Having experience people help is key.

If you have more questions, we can help. We have experience with short sales, foreclosures, and are also CDPE (Certified Distresses Property Expert) certified.

Visit us at Team Splitt and give us a call to learn more.

May 5, 2010 Posted by | Chesapeake Farms, Countryside Manor, Eastlake & South Creek, English Meadows & The Links, Haryan Farms, Heatherwood, Hunters Ridge, Lake County News, Normandy Woods, Oakwood, Real Estate For Sale, Real Estate News, Southridge, Tanguray Meadows | Leave a comment

Southridge Marketwatch April 2010

Elizabeth Splitt’s

 

“Southridge Marketwatch”

“Here’s Helpful Information To Help You

Understand The Value Of Your Biggest Investment.

 

Homes Currently For Sale…

Address

Bdrms

Baths.

Style

Bsmt

Asking Price

6159 Indian Trail Rd 4 2.1 Somerset Unfinished Crawl 299,000
6271 Sleepy Hollow Ln 3 2.1 Newport Finished, English 299,900
124 Knob Hill Lane 4 2.1 Glenhaven Finished 289,900
200 Pheasant Meadow 4 2.1   Crawl 338,500
232 Southridge Dr 3 1.1 Heritage None 234,000
213 Southridge Dr 4 2.1 Regency Partial Finish 272,500
6200 Indian Trail Rd 4 2.1 Somerset Unfinished Crawl 308,900
6183 Old Farm Ln 4 2.1 Bedford Partial, Finished Crawl 389,000

 

Properties Under Contract…

Status Address  Bdrms Bath Model Bsmt Asking Price
A/I 6152 Indian Trail 4 2.1 Somerset Finished 329,000
A/I 276 Southridge Dr 4 2.1   Unfinished 300,000

 

Recently Sold Properties…   

Address  Model Asking Price Sale Price Closed Date
268 Southridge Dr   398,000 365,000 2/1/2010
6413 Plainview Dr Newport 289,000 247,000 4/14/2010
221 Saratoga Ct Westbrook 310,000 305,000 3/12/2010

 

The above Market Analysis includes the following subdivision:  Southridge

Provided by Elizabeth Splitt and Team Splitt

Search the all the homes on the market today at esplitt.net

 

April 28, 2010 Posted by | Area Market Watches, Real Estate For Sale, Southridge | Leave a comment

   

Follow

Get every new post delivered to your Inbox.