Frankfort, IL Real Estate News

By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
 2016 Frankfort Fall Fest, Carnival, & Parade  8/31 to 9/5       One of the Midwest's most enduring and long-running festivals, the Frankfort Fall Festival, Carnival, & Parade, is being held once again this year in the beautiful historic Village of Frankfort, IL ...                         The annual Frankfort Fall Festival, Carnival, and Parade is  slated to be held:       Labor Day holiday weekend,   August 31st through September 5th, 2016 in the historic Village of Frankfort, IL.       This year's Festival theme is "Happy Days".      This Festival, a perennial favorite ranked as one of the top 12 U.S. Festivals, hosts over 300,000+ visitors each year.  (More detailed info available at Frankfort Fall Fest)         This year's Festival offers its attendees:Juried show of 300 Artisans  ...
Comments 9
By Joe Malvarapu, Keller Williams Realty Infinity
(Keller Williams Realty Infinity)
Homes for Sale in Lakeview Estates Frankfort ILLakeview Estates Frankfort, Market Update: As of 6/04/2016, there are 13 Homes on the market in Lakeview Estates Frankfort, with an average list price of $433,731. Highest priced property on the market with 4 bedrooms, 3 full baths, 1 half bath and 4,463 sqft of living area is listed at $624,900. Lowest priced property with 5 bedrooms, 3 full baths and 3,238 sqft of living area is listed at $365,000.Active Listings: 10Under Contract Listings: 3Looking for a Property in Lakeview Estates?Interested in finding Homes in Lakeview Estates Frankfort? Click on the link to find all the currently available Homes in this area of Frankfort.Selling a Property in Lakeview Estates?Interested in finding information on Recently Sold Homes in Lakeview Estate...
Comments 0
By Joe Malvarapu, Keller Williams Realty Infinity
(Keller Williams Realty Infinity)
Homes for Sale in Frankfort Square Frankfort ILFrankfort Square Frankfort, Market Update: As of 6/02/2016, there are 27 Homes on the market in Frankfort Square Frankfort, with an average list price of $194,830. Highest priced property on the market with 3 bedrooms, 2 full baths and 1,400 sqft of living area is listed at $269,900. Lowest priced property with 2 bedrooms, 1 full bath and 1,200 sqft of living area is listed at $119,900.Active Listings: 13Under Contract Listings: 14Looking for a Property in Frankfort Square?Interested in finding Homes in Frankfort Square Frankfort? Click on the link to find all the currently available Homes in this area of Frankfort.Selling a Property in Frankfort Square?Interested in finding information on Recently Sold Homes in Frankfort Square, Frankfort?...
Comments 0
By Dale Taylor, Realtor = Chicago Illinois Homes Townhomes Condos
(Re/Max 10 New Lenox Illinois)
Finances and Buying a Home Home ownership has always been a top dream for millions of Americans, and with the many television shows, magazines and other media geared toward owning a home in the U.S., buying a home is very much a reality in our country. While we can get caught up in the very fun aspect of looking at homes, browsing the many websites dedicated to real estate, looking for a home or property is just one aspect in the entire home buying process. One part, of which is fairly important and might be casually looked over at the beginning, is that of getting one's finances in order to begin a home search. Finances are a huge part of buying, especially if you'll be applying for a mortgage loan. To put yourself in a great position before you begin your home or property search, use ...
Comments 0
By Joe Malvarapu, Keller Williams Realty Infinity
(Keller Williams Realty Infinity)
Prestwick Frankfort, Market Update - May 27th, 2016As of 5/27/2016, there are 20 Homes on the market in Prestwick Frankfort, with an average list price of $374,925. Highest priced property on the market with 5 bedrooms, 3 full baths, 1 half bath and 3,842 sqft of living area is listed at $650,000. Lowest priced property with 2 bedrooms, 2 full baths and 1,429 sqft of living area is listed at $167,900.Active Listings: 15Under Contract Listings: 5Looking for a Property in Prestwick?Interested in finding Homes for Sale in Prestwick Frankfort? Click on the link to find all the currently available Homes in this area of Frankfort.Selling a Property in Prestwick?Interested in finding information on Recently Sold Homes in Prestwick, Frankfort? Click on the link to find details on Homes sold in ...
Comments 0
By Joe Malvarapu, Keller Williams Realty Infinity
(Keller Williams Realty Infinity)
Green Garden Frankfort, Market Update - May 24th, 2016As of 5/24/2016, there is one property on the market in Green Garden Frankfort with 4 bedrooms, 3 full baths, 1 half bath and 3,000 sqft of living area is listed at $464,900. Active Listings: 1Under Contract Listings: 0Looking for a Property in Green Garden?Interested in finding Homes for Sale in Green Garden Frankfort? Click on the link to find all the currently available Homes in this area of Frankfort.Selling a Property in Green Garden?Interested in finding information on Recently Sold Homes in Green Garden, Frankfort? Click on the link to find details on Homes sold in this neighborhood of Frankfort.Recent Sales in Green Garden, FrankfortOver the past 12 months, one property was sold in Green Garden for $245,000 on 10/23/2015, wit...
Comments 0
By Joe Malvarapu, Keller Williams Realty Infinity
(Keller Williams Realty Infinity)
Krusemark Frankfort, Market Update - May 18th, 2016As of 5/18/2016, there are 4 Homes on the market in Krusemark Frankfort, with an average list price of $303,164. Highest priced property on the market with 5 bedrooms, 3 full baths and 3,402 sqft of living area is listed at $369,900. Lowest priced property with 3 bedrooms, 2 full baths and 1,462 sqft of living area is listed at $232,955.Active Listings: 4Under Contract Listings: 0Looking for a Property in Krusemark?Interested in finding Homes for Sale in Krusemark Frankfort? Click on the link to find all the currently available Homes in this area of Frankfort.Selling a Property in Krusemark?Interested in finding information on Recently Sold Homes in Krusemark, Frankfort? Click on the link to find details on Homes sold in this neighborho...
Comments 1
By Dale Taylor, Realtor = Chicago Illinois Homes Townhomes Condos
(Re/Max 10 New Lenox Illinois)
South Suburban Pads – http://sspads.org – operates a Wellness Center in which Residents, benefit from the Community offering them various workshops.  Among them is United Way hosts workshops on “Overcoming Life’s Challenges.”  Residents are given basic knowledge on how to cope and deal with Life’s Obstacles.   The Charity employees a Case-Management Team helping Residents on developing and achieving success in basic life skills, cleanliness, self care, good time management, and their goals. They are also assisted by a       Life-Skill Instructor. The Valued Staff connects Residents with health services, educational needs, and employment needs are ongoing for participants in the Organization’s programs. Are you aware South Suburban Pads Families first Program helps increase the income an...
Comments 0
By Dale Taylor, Realtor = Chicago Illinois Homes Townhomes Condos
(Re/Max 10 New Lenox Illinois)
Hurricane brings best out of New LenoxREALTOR® #MemberMonday Posted on March 28, 2016 by Bill Kozar     Dale Taylor (far right) has given much of his time and energy to the nonprofit organization South Suburban PADS, as it works to meet the needs of homeless. Here he’s pictured with a PADS board member and his former high school counselor and former board member Georgia Blackstone (center). About 10 years ago, the worst of circumstances for some Hurricane Katrina victims allowed New Lenox REALTOR® Dale Taylor to put his best foot forward, as he prepared an empty building for their temporary shelter. Residents of Louisiana, Mississippi and several other states who’d lost their homes and belongings were relocating to an area 40 miles southwest of Chicago with shelter provided by the nonpr...
Comments 1
By Dale Taylor, Realtor = Chicago Illinois Homes Townhomes Condos
(Re/Max 10 New Lenox Illinois)
5 Things Millennial Home Buyers Should Know Are you a Millennial looking to buy a home? If so, there are a few important things you should know beforehand: The down payment doesn’t have to be as much as they think A Millennial buyer can get away with putting down as little as 3.5% of the home’s cost. It’s important for you to know that a required 20% down payment is only a myth. As long as you're aware of mortgage insurance, they can put down less. Millennials shouldn’t forget about the added extras like closing costs Many Millennials forget to put aside money for closing costs and fees, which could turn out to be more than you bargained for.  You should prepare your budget in advance. They should do homework before purchasing Millennials should do research before making any commitment...
Comments 0
By Dale Taylor, Realtor = Chicago Illinois Homes Townhomes Condos
(Re/Max 10 New Lenox Illinois)
Transforming Lives - Building Community - Changing Systems - How You Can Make A Difference in the Chicago-Southland! South Suburban PADS (SSPADS) is a 501 (c)(3) nonprofit organization established in 1990 as a response to the growing numbers of individuals and families becoming homeless in the Southland region (Chicago’s south/southwest suburbs).  South Suburban Pads Mission - http://sspads.org SSPADS’ mission is to prevent and end homelessness. Key characteristics of SSPADS’ programs are interfaith partnerships, hospitality, compassion, service and dignity.  South Suburban Pads Vision  SSPADS aspires to be a leading agency in the fight to end homelessness. Through compassion and respectful support, we empower individuals and families who are atrisk of experiencing homelessness to reach...
Comments 0
By Dale Taylor, Realtor = Chicago Illinois Homes Townhomes Condos
(Re/Max 10 New Lenox Illinois)
http://bit.ly/1Ud8EWu - A very short special plea for financial help in a rewarding way.  Please click on this link above provided.  Thanks ...- Please support the Lead Charity in the Chicago-Southland - South Suburban Pads - http://sspads.org, working daily to end Homelessness with over 509 Guests served, serving over 450 Guests receiving emergency shelter assistance, and helping an average of 65% with exiting the emergency shelter system after using less than 30 nights or less.  Acquiring coupon books with over $500 dollars in coupon savings, and shopping at Carsons Stores on Community Days february 26-27, 2016, will help insure this good work continues.  Please share with your friends. Thanks Operations Our Emergency Shelter Network (ESN) is a program that provides emergency, overnig...
Comments 0
By Dale Taylor, Realtor = Chicago Illinois Homes Townhomes Condos
(Re/Max 10 New Lenox Illinois)
Please allow me to give a special thanks to all who participated in my Call To Action to donate your spare change to South Suburban Pads – http://sspads.org. South Suburban Pads has received funding to hire a Case-Worker to focus on Children and Families at risk of involvement with the Department of Children and Family Services. South Suburban Pads has earned funding for a 9-Month pilot program to support Case Management/Stabilization Services. I am so honored to report South Suburban Pads was rewarded with the 19th-Annual MLK Human Services Organization Of The Year. Thanks to our cherished Executive Director Dr. Geraldine Palmer, valued Staff, and hundreds of devoted network of Volunteers. Again, I am making this special plea to make South Suburban Pads the Organization you faithfully ...
Comments 0
By Dale Taylor, Realtor = Chicago Illinois Homes Townhomes Condos
(Re/Max 10 New Lenox Illinois)
What's the Deal with Flipped Homes?Americans love their home improvement and design shows. With entire channels dedicated to DIY, home decor and design, and everything related to U.S. real estate, we love the possibilities that lie within the real estate market in America. One popular aspect of many shows and publications is home or house flipping. We hear a lot about flipping homes, but what does that really mean? Is it feasible for everyone? Are there risks? Should you buy a flipped home, and what questions should you ask if your property search lands on a potentially flipped property?What is Flipping?Flipping is a predominately U.S. term used to describe purchasing a property with the intent of quickly reselling it for profit. Most of the time, properties that are purchased with the ...
Comments 1
By Dale Taylor, Realtor = Chicago Illinois Homes Townhomes Condos
(Re/Max 10 New Lenox Illinois)
Will my tax returns ruin my mortgage approval? Most often when applying for a home loan, your lender will request your federal tax returns for your pre-approval. In most cases, W-2’s, paystubs, and full tax returns are reviewed for mortgage pre-approval and final loan approval. In addition, lenders pull tax transcripts for all borrowers directly from the IRS. This guideline ensures that the income presented to the IRS is the same income provided for the originator for preapproval income calculation. One very common item on a tax return that can affect buyers pre-approval can be found on Schedule A of Federal Tax Return.   Schedule A is completed when itemizing tax deductions. At the bottom, a taxpayer can claim “unreimbursed employee expenses”, and under the guidelines of Fannie Mae an...
Comments 1
By Dale Taylor, Realtor = Chicago Illinois Homes Townhomes Condos
(Re/Max 10 New Lenox Illinois)
5 Things Millennial Home Buyers Should Know Millennials looking to buy a home need to know a few important things beforehand: The down payment doesn’t have to be as much as they think   A Millennial buyer can get away with putting down as little as 3.5% of the home’s cost. It’s important for them to know that a required 20% down payment is only a myth. As long as they’re aware of mortgage insurance, they can put down less.   Millennials shouldn’t forget about the added extras like closing costs   Many Millennials forget to put aside money for closing costs and fees, which could turn out to be more than they bargained for. They should prepare their budget in advance. They should do homework before purchasing Millennials should do research before making any commitments. This means checki...
Comments 0
By Dale Taylor, Realtor = Chicago Illinois Homes Townhomes Condos
(Re/Max 10 New Lenox Illinois)
For over a decade shortly after South Suburban Pads served as the Lead Charity to emergency house the Katrina Hurricane Survivors, I have been serving as an Emergency Shelter Site Manager. Presently, I manage a Shelter-Site serving Men in cooperation with the St. Paul Lutheran Church Congregation providing their Gymnasium as a Shelter location at the corner of Ashland and 10th Street in Chicago Heights, Illinois. South Suburban Pads – http://sspads.org, employ a very valued Housing team who set monthly goals to help the Guests served to find more permanent housing. I am celebrating this Valued Team placing over 15 Guests in housing in just this past month alone, so you can just imagine all the good they accomplish annually. They also issued over 19 housing referrals to the Department of...
Comments 1
By Dale Taylor, Realtor = Chicago Illinois Homes Townhomes Condos
(Re/Max 10 New Lenox Illinois)
Buying a home is always a new and exciting experience. The first thing for a buyer to consider is how much they can afford. Here are some ways for home buyers to get in shape to find the home that fits their budget: Debt to income — Home buyers should spend 28% or less of their gross income, and should be careful not to exceed that amount. However, maximum debt to income ratios differ for each mortgage program: FHA 45 to 50% max VA  45 to 50% max Conventional  28 to 36%  Debt payments — A home buyer’s mortgage, credit card bills, car and student loans, and any other debts shouldn’t exceed 36% of their gross income. Down payment affordability — The more money home buyers can put down, the lower their monthly mortgage payments will be. Costs — Home buyers must maintain strong discipline w...
Comments 0
By Dale Taylor, Realtor = Chicago Illinois Homes Townhomes Condos
(Re/Max 10 New Lenox Illinois)
Common Household Hazardous Waste and What to do With Them We want to believe our homes are as safe as they can be, and for the most part they are. But there are items we use every day that are in fact hazardous. Knowing what products are hazardous, and the proper ways of disposing household hazardous waste, is not only good for the environment, but it will help you feel even safer in your home.BatteriesWe all use batteries in our homes, and most of those will be the regular alkaline batteries purchased at the grocery or hardware store. These batteries can be thrown away in the garbage once used, but it is suggested that if you have the ability to recycle them you do so. But should you have different batteries in your home, like rechargeable batteries, automotive batteries, or lithium, l...
Comments 2
By Dale Taylor, Realtor = Chicago Illinois Homes Townhomes Condos
(Re/Max 10 New Lenox Illinois)
This is a tribute to all my Bid-Whist card playing friends.  You will have to know and enjoy this game to appreciate this story.  I wanted to test it out here early before I fine-tune it, and plan to present in at our next Holiday Party.  I have the good pleasure of serving as President of a No-Jokers-Bid-Whist Club, and reluctantly did not present this at our most recent holiday party, because I felt my real Bid-Whist card playing friends could help me enhance it.  Your feedback is appreciated. “Twas the night before Christmas, when All through the House, not a CARD-PLAYING-TABLE was stirring, not even a LOW-BIDDING-MOUSE. All the Stockings with NEW-PLAYING-CARDS were hung by the Chimney with care, in hope that St. Nicholas soon would be there. The NO-JOKERS-CLUB-PLAYING-MEMBERS were N...
Comments 0