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Showing posts from May, 2014

2014 Home Buying - Moving Up to a Bigger Home

2014 Home Buying - Moving Up to a Bigger Home

A recent study revealed that the number of existing home owners planning to buy a home this year is about to increase dramatically.

Some are moving up, some are downsizing and others are making a lateral move.

Another study shows that over 75% of these buyers will, in fact, be in that first category: a move-up buyer.

There is no way for us to predict the future but we can look at what happened over the last year.

Let’s look at buyers that considered moving up last year but decided to wait instead.

Assume they had a home worth $300,000 and were looking at a home for $450,000 (putting 10% down they would get a mortgage of $405,000).

By waiting, their house appreciated by approximately 10% over the last year (based on the Case Shiller Pricing Index).

Their home could now sell for $330,000.

That would mean an additional $30,000 in equity assuming they didn’t incur any expenses in selling the home.

But, the $450,000 home would now …

2014 Home Buying - Average Interest Rates and Mortgage Payments

2014 Home Buying - Average Interest Rates and Mortgage Payments




Click here to search Grayslake Homes for Sale.

Jim Starwalt

Thinking of making a move?

Download the New Free RE/MAX Home Search App or text the word MOBILE to 224-677-2200.

Log onto my website at www.StarHomeTeam.com and search Northern Illinois Homes for sale.

Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com

Jim Starwalt, Real Estate Broker
RE/MAX Center
Phone: 847-548-2625
Jim@StarHomeTeam.com

Find Me Online




2014 Home Buying - Average Interest Rates and Mortgage Payments

Mundelein IL Real Estate - Most Expensive Homes for Sale: 5-30-2014

Mundelein IL Real Estate - Most Expensive Homes for Sale: 5-30-2014



Most Expensive Homes in Mundelein
Get this widget Zillow


Click here to search Mundelein Homes for Sale.

Jim Starwalt

Thinking of making a move?

Download the New Free RE/MAX Home Search App or text the word MOBILE to 224-677-2200.

Log onto my website at www.StarHomeTeam.com and search Northern Illinois Homes for sale.

Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com

Jim Starwalt, Real Estate Broker
RE/MAX Center
Phone: 847-548-2625
Jim@StarHomeTeam.com

Find Me Online






Mundelein IL Real Estate - Most Expensive Homes for Sale: 5-30-2014

Lake Villa IL Real Estate - Most Expensive Homes for Sale: 5-30-2014

Lake Villa IL Real Estate - Most Expensive Homes for Sale: 5-30-2014



Most Expensive Homes in Lake Villa
Get this widget Zillow


Click here to search Lake Villa Homes for Sale.

Jim Starwalt

Thinking of making a move?

Download the New Free RE/MAX Home Search App or text the word MOBILE to 224-677-2200.

Log onto my website at www.StarHomeTeam.com and search Northern Illinois Homes for sale.

Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com

Jim Starwalt, Real Estate Broker
RE/MAX Center
Phone: 847-548-2625
Jim@StarHomeTeam.com

Find Me Online




Lake Villa IL Real Estate - Most Expensive Homes for Sale: 5-30-2014

Libertyville IL Real Estate - Most Expensive Homes for Sale: 5-30-2014

Libertyville IL Real Estate - Most Expensive Homes for Sale: 5-30-2014



Most Expensive Homes in Libertyville
Get this widget Zillow


Click here to search Libertyville Homes for Sale.

Jim Starwalt

Thinking of making a move?

Download the New Free RE/MAX Home Search App or text the word MOBILE to 224-677-2200.

Log onto my website at www.StarHomeTeam.com and search Northern Illinois Homes for sale.

Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com

Jim Starwalt, Real Estate Broker
RE/MAX Center
Phone: 847-548-2625
Jim@StarHomeTeam.com

Find Me Online






Libertyville IL Real Estate - Most Expensive Homes for Sale: 5-30-2014

Open House - 701 E Golf Road, Libertyville IL 60048

Open House - 701 E Golf Road, Libertyville IL 60048

Date: Sunday June 1, 2014

Time: 2:00 pm to 4:00 pm

Jim Starwalt RE/MAX Center
Lake on Zillow

Click here to search Libertyville Homes for Sale.

Jim Starwalt

Thinking of making a move?

Download the New Free RE/MAX Home Search App or text the word MOBILE to 224-677-2200.

Log onto my website at www.StarHomeTeam.com and search Northern Illinois Homes for sale.

Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com

Jim Starwalt, Real Estate Broker
RE/MAX Center
Phone: 847-548-2625
Jim@StarHomeTeam.com

Find Me Online




Open House - 701 E Golf Road, Libertyville IL 60048

Open House - 795 Walton Lane, Grayslake IL 60030

Open House - 795 Walton Lane, Grayslake IL 60030

Date: Saturday May 31, 2014

Time: 2:00 pm to 4:00 pm

Jim Starwalt RE/MAX Center
Lake on Zillow
Click here to search Grayslake Homes for Sale.

Jim Starwalt

Thinking of making a move?

Download the New Free RE/MAX Home Search App or text the word MOBILE to 224-677-2200.

Log onto my website at www.StarHomeTeam.com and search Northern Illinois Homes for sale.

Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com

Jim Starwalt, Real Estate Broker
RE/MAX Center
Phone: 847-548-2625
Jim@StarHomeTeam.com

Find Me Online




Open House - 795 Walton Lane, Grayslake IL 60030