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    So what what would you do with/for $8,000???   Most of you are familiar with this program by now but if you need more information please visit us at OFallonRealEstate.com Have a great weekend!       Don't let the water run while brushing your teeth!  

July Market Update for O'Fallon IL Things are down slightly(10%) from last month, but there are still many under contract so no cause for alarm just yet. $300,000 still seems to be a ceiling for home sales.  Of the 43 homes that closed in July, 91% of them were below $300K.  The bulk of the close...

And more importantly...where should I price my home to SELL? For those sitting on the fence about market value and what homes are actually selling for... read on! O'Fallon IL so far in 2009: 90% of the homes closed for less than $300,000.  These homes averaged about 141 days on the market or abou...

  Well...the first half of 2009 has been interesting to say the least for Real Estate in O'Fallon IL.  The silver lining here is that closed homes are right where they were at this time last year.  No better, but it appears the trend downwards may have slowed down for now. In June, 44 homes close...

  Much has been said and changed as of late regarding the $8,000 tax credit and the ability to use it for down payment purposes.  For some clarification and insight, Ryan Luechtefeld has written a very informative article outlining some options.  To read click here Enjoy! And in other news, if yo...

Swansea IL (Wolf Branch) Real Estate Market update  April & May 2009 Swansea continues to be consistent in closed home sales.  May had 7 homes close which is the same number as January.  All things considered things look good for the Wolf Branch school district. May 2009 Closed homes: 7 Re-sale: ...

O'Fallon IL May 2009 Real Estate Market Update May 2009 had 33 homes close as opposed to only 13 back in January so moving in the right direction.  Currently there are 305 homes available in all price ranges.  More good news: 52 homes are currently under contract. Of the 30 homes that closed in M...

The rest of the story:   Buyers who qualify for the $8,000 tax credit previously had to wait until after filing a tax return to see any of the money.  With the new rules in place FHA approved lenders could/might/maybe have the ability to make the funds available at the closing table thru short te...

The $8,000 first time home buyer tax credit has/might/maybe just been approved to be used towards a down payment.  Exact details on how this will be implemented are still a bit vague so stay tuned!  

O'Fallon IL currently has 271 homes for sale in a wide variety of price ranges and locations.  Inventory is high, prices are reasonable and interest rates are still holding around 5% so now is a fantastic time to buy.  Throw in the $8,000 first time home buyer tax credit and things look good.  Ap...