La Grange Park Library, 555 N. La Grange Rd.

What will you learn?

• Should I buy now or wait until prices come down?
• Am I better off renting instead of buying?
• Is Real Estate still a good investment?
• How hard is it to get a mortgage?
• How much do I have to have saved toward a down payment?
• What’s the difference between an FHA and conventional mortgage?
• My credit isn’t all that good, can I still qualify for a loan?
• What about buying short sales and foreclosures?

Who will be there?

• Aaron Durand, Home Mortgage Consultant and FHA Specialist for Wells Fargo Home

Mortgage

• Dean Rouso, Broker-Owner of Prime Property Partners and President of the Chicagoland MLS (MRED)
• Real Estate Brokers :  Catherine Dugan LaBelle, Dan Stivers, Dana Wingate, Erika Chavez,

Keena Bikulcius, Veronica Sandoval

Call 708.354.7355 or email Veronica@PrimeAnytime.com to reserve a seat today!

New list price: $324,900

42 N Ashland, La Grange, IL 60525

This legal conforming 2-flat was originally a single family home.  Rent 2nd level for extra income or convert back to single family in great in-town location. Steps from Metra, shopping & highly acclaimed Ogden School! This charming home boasts 10′ ceilings, hardwood floors, spacious rooms, full unfinished basement just waiting for your ideas. Freshly painted, new carpeting and flooring in many rooms!

Call 708.354.7355 to set up an appointment today!

Or email GreatInfo@PrimeAnytime.com for a free list of homes available in your neighborhood.

Listed at: $299,900

Excellent opportunity to own charming Brick 2-flat with very deep lot! Separate electric and heating for each unit. Main unit with 2 bedrooms, formal living and dining room, remodeled bath. 2 floor unit with 2 bedrooms, 1 bath, 3 floor finished room attached, perfect for a 3 bedroom master or playroom! Spacious unfinished basement with washer and dryer! Close to schools, shopping and public trans!

Listed by Dean Rouso, Broker-Owner, Prime Property Partners (La Grange, IL 60525)

Click here to request a list of all homes available in your area!

Or email GreatInfo@PrimeAnytime.com.

728 Sherwood, La Grange Park – Closed at $382,500

Gorgeously redone tri-level home in excellent location! Home boasts hardwood floors, wood trim, crown molding. Charming kitchen with new tile floors, cabinets, SS appliance package, plenty of cabinet & counter space.Tons of storage space, 4 spacious bedrooms, master bedroom with WIC & full bath! Full finished basement with bar & rec. room. Pretty backyard with hot tub and deck, perfect for entertaining.

Sold by Dean Rouso, Broker-Owner, Prime Property Partners.

Closed for $382,500 on 2/8/2011.

For more homes for sale or market information in your area, email GreatInfo@PrimeAnytime.com

818 S. La Grange Road, La Grange IL 60525

Sold for $215,000 on December 2nd, 2010.

Sold by Dean Rouso. (Closed Date December 2nd, 2010)

Prime Property Partners is #1 in closed listing market share in 2008
in LaGrange, LaGrange Park, Countryside & Western Springs than ANY other competitor

Company	Volume	Market Share
#1 Prime Property Partners	$4.355 million	20.24%
#2 Smothers Realty Group	$3.745 million	17.41%
#3 RE/MAX Properties	$2.076 million	9.65%
#4 Coldwell Banker Residential (LaGrange)	$1.505 million	7.00%
#5 Coldwell Banker Residential (Hinsdale)	$1.200 million	5.58%
#6 RE/MAX Elite	$1.150 million	5.34%
#7 Realty Executives Service	$1.085 million	5.04%
#8 Prudential American Homes	$1.046 million	4.86%

*Above rankings represent closed listing dollar volume for period of Jan 1 thru Feb 29, 2008
for single family detached homes in areas 525,526, 527, 528, 558 per MLSNI.

MARKET DATA:

There were total of 0 single-family detached homes sold in Indian Head Park  last week and 0 in the last 30 days.   0 of these contracts is a home sale contingency.  There are currently 14 active listings for sale in this area.  This calculates to a unlimited months supply on the market.  According to the National Association of Realtors, a six (6) month supply would be considered a balanced market, meaning neither a buyer’s nor seller’s market, with moderate price growth.  Supplies greater than 6 months would indicate trending into a buyer’s market and a supply lower than 6 months would indicate a seller’s market.  There were 5 new listings on the market this week and 6 price adjustments made by sellers.
 
Area Market Survey CriteriaStatus: Active, Back on Market, New, Price Change, Re-activated, Temp Off Market   Property Type: Detached Single   Area: Indian Head Park   Months Back: All Months  
 
Active Listings

List Price Range	# of Listings	Average Days on the Market
$350,000-$399,900	1	286
$400,000-$499,900	1	272
$450,000-$499,900	1	495
$500,000-$549,900	1	496
$550,000-$599,900	4	220
$600,000-$699,900	3	169
$700,000-$799,900	1	36
$1,000,000-$1,999,999	2	73

We welcome questions regarding and of the above data compiled from MLSNI.  Please contact us at greatinfo@primeanytime.com

Interest Rates:
 Last week, interest rates crept up to over 6% for a 30 year fixed mortgage.  Though the Fed has been aggressive with the reduction of widely publicized short-term rates, it has not had a similar affect on long-term mortgages, which have actually increased.

On another note, last week the Fed approved the economic stimulus package which included a modification of Fannie Mae-Freddie Mac conventional loan limits.  The current ceiling on conventional mortgages in Chicagoland is $417,000.  Mortgages higher than this ceiling, labeled as unconventional or Jumbo, are subject to a premium of approximately 1% higher than conventional rates.  This change was designed to impact high price areas and is not likely to impact Chicagoland loan limits.  We will have more info here in the next several weeks.