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Hoffman Estates Real Estate Market Update – Last 3 Months

March 8, 2010 in Hoffman Estates, Real Estate - local markets | Tags: hoffman estates condos, hoffman estates foreclosures, hoffman estates homes, hoffman estates real estate | by Dominic Caruso | Leave a comment

Hoffman Estates Real Estate and Homes for sale

Market Update for Hoffman Estates Homes and Real Estate- last 3 months

02.24.2010

Single Family
Active listings: 177
Under contract: 38
Closed: 35
Avg days on market: 203

Condo/Coach home
Active listings: 79
Under contract: 9
Closed: 13
Avg days on market: 123

Townhome
Active listings: 102
Under contract: 18
Closed: 23
Avg days on market: 148

Hofffman Estates Real Estate has slowed down in the past few months. The market time has gone down which is great! Hoffman Estates is a great area and nearby everything. The market for homes in Hoffman Estates will continue to improve and eventually grow. It is a great first time buyer area as well. Get out there first time buyers and take advantage of the deals!

This data comes courtesy of MRED MLS and covers 1/1/09 to 10/31/09.

Hoffman Estates Real Estate and Homes search

Just Sold in Hoffman Estates! Search for Homes.

May 3, 2009 in Hoffman Estates, Just Sold, Real Estate - local markets | Tags: hoffman estates foreclosures, hoffman estates homes, hoffman estates real estate | by Matt Hernacki | Leave a comment

: 1430 Hassell, Hoffman Estates

Big home for not a lot of money! This foreclosed home was listed for just $249,900. Take advantage of the market and find your next home at a great price too!

First Time Buyer Bonanza – Find Your New Home

March 11, 2009 in Algonquin, Arlington Heights, Barrington, Bartlett, Buffalo Grove, Cary, Crystal Lake, Elk Grove, First Time Buyers, Hoffman Estates, Inverness, Lake Zurich, Lake in the Hills, McHenry, Mount Prospect, Palatine, Real Estate - local markets, Rolling Meadows, Roselle, Schaumburg, Streamwood | Tags: Arlington Heights homes for sale, chicago area, Palatine Real Estate, Real Estate First Time Buyer, schaumburg homes for sale | by Matt Hernacki | Leave a comment

If you’re a first time buyer and in a position where you can purchase a place of your own, you have stumbled on one of the best times ever to buy! You’ll be able to take advantage of super low interest rate (the lowest in 37 yrs in fact!), and low prices at the same time. If that were not enough, you can also get a $8000 tax credit when you close by Nov 30 of this year. We have more information posted here. Several area towns also have grant programs that match money you come up with toward your down payment (up to $10,000 even!). Check them out here.

Despite what you see on the news, you can get a mortgage if you have decent credit and a miminal down payment (you could even borrow your down payment and pay the generous person right back when you get your tax credit!). The first step is getting pre-approved which is a painless process you can do over the phone. We can refer you to a great lender. That will tell you what you can afford and the amount of the monthly payments. Then you’ll be ready to start looking! Don’t miss your chance. Years from now you don’t want to be one of the many people who will say they wish they had bought a home in 2008 or 2009!

You don’t necessarily have to be a ‘first time’ buyer either. You also qualify for the $8,000 tax credit if you have not owned a home in 3 years!

$7,500 is $15,000 is now $8,000 to First-Timers

February 16, 2009 in Algonquin, Arlington Heights, Barrington, Bartlett, Buffalo Grove, Cary, Crystal Lake, Elk Grove, First Time Buyers, Hoffman Estates, Inverness, Lake Zurich, Lake in the Hills, McHenry, Mount Prospect, Palatine, Real Estate - local markets, Rolling Meadows, Roselle, Schaumburg, Streamwood, Tricks and Tips | Tags: first time buyer incentives, First Time Buyers, home buying incentives | by Matt Hernacki | Leave a comment

Well, it was not the $15,000 that the Senate got everyone hot and bothered about (you can’t really expect them to do something totally right, can you?) a week and a half ago or so, but it is an improvement over the current $7,500 tax credit currently in place. Part of the new stimulus bill includes an $8,000 tax credit for first time buyers that no longer has to be paid back! It is also now good from when the bill is signed into law by the president through Dec 1 of this year.

Further details are still coming out. We’ll keep you posted. Be sure to discuss this with your accountant or tax advisor for tax implications and your specific situation.

If you are a first time buyer, or know of one - take advantage of this. There has never been anything like it offered before.

$15,000 Tax Credit May Be Coming Your Way

February 5, 2009 in Algonquin, Arlington Heights, Barrington, Bartlett, Buffalo Grove, Cary, Crystal Lake, Elk Grove, First Time Buyers, Hoffman Estates, Inverness, Lake Zurich, Lake in the Hills, McHenry, Mount Prospect, Palatine, Real Estate - local markets, Rolling Meadows, Roselle, Schaumburg, Streamwood, Tricks and Tips | Tags: 15000 tax credit, chicago northwest suburbs, Chicagoland Real Estate, first time buyer incentives, home buying incentives | by Matt Hernacki | Leave a comment

The government is trying to greatly improve the tax credit that was offered last year and that is in place now. Right now you have to be a first time buyer or have not owned a home in three years to get a $7500 credit that has to be repaid over 15 years. If the $15,000 credit is passed and signed into law, anyone (not just first-timers) who buys a home as their principal residence in the year following the bill’s passage would get a $15,000 credit that does not have to be paid back as long as they don’t sell the home within 2 years!! This would be a real incentive if the bill becomes law. Here is more from our Realtor Association (RANWC) newsletter. We’ll keep you posted….

Last evening the United States Senate unanimously passed a bipartisan amendment, offered by REALTOR® Champions, Senators Johnny Isakson (R-GA) and Joe Lieberman (ID-CT) to the Economic Stimulus Bill creating a $15,000 tax credit to individuals who purchase a home in the next year.

Specifically, the Isakson-Lieberman amendment to the pending economic stimulus bill would provide a direct tax credit to any homebuyer who purchases any home. The amount of the tax credit would be $15,000 or 10 percent of the purchase price, whichever is less. Purchases must be made within one year
of the legislation’s enactment, and the tax credit would not have to be repaid.

The amendment would allow taxpayers to claim the credit on their 2008 income tax return. It also seeks to prevent misuse by only allowing purchases of a principle residence and by recapturing the credit if the home is sold within two years of purchase. The amendment would sunset the current $7,500
housing tax credit on the date of enactment.

While the final details of the Stimulus Bill are still being debated, this amendment represents a tremendous step forward in NAR’s efforts to stabilize housing markets around the nation. Because of the efforts of REALTORS®, we expect the final Economic Stimulus Bill will contain several major
housing provisions. We will continue to update you as the bill progresses through the legislative process.

Only $185,000 – Schaumburg Schools! Search for Homes.

December 23, 2008 in Hoffman Estates, Just Listed | Tags: hoffman estates homes, hoffman estates real estate, homes in schaumburg schools, short sale | by Matt Hernacki | Leave a comment

Great Opportunity for the right buyer! Get into Schaumburg schools for under $200,000. This was not possible just a couple of short years ago. Give us a little time to work things out with the bank, we already have a contact on this one, and you could get a great deal.

395 Lafayette, Hoffman Estates

SOLD in North Hoffman!

September 2, 2008 in Hoffman Estates, Just Sold | Tags: Hoffman Estates, hoffman estates homes, hoffman estates real estate | by Matt Hernacki | Leave a comment

4120 Ohare, North Hoffman

Beautiful, well maintained raised ranch in popular Winston Knolls of ‘North’ Hoffman. Listed for $324,900. Re/Max Unlimited Northwest is the listing and selling broker.