Real Estate Information

Blog

Blog

Displaying blog entries 1-10 of 38

Millennial Homeowners - Is It Time to Sell?

by

Despite what many people believe, Millennials are not a generation of renters. 34% of homes in the US were purchased by Millennials last year, and the most recent census report shows that the homeownership rate among Millennials is rising. In 2010 when housing prices crashed, many Millennials took advantage of the situation and purchased homes. If you're one of these people, now might be the time for selling your home for several reasons.

1. Equity Buildup

Home prices have been rising since the beginning of 2012, and your house may have appreciated by more than you think. According to ATTOM Data Solutions:

“…homeowners who sold in the second quarter realized an average price gain of $51,000 since purchase — the highest average price gain for home sellers since Q2 2007, when it was $57,000.

The average home seller price gain of $51,000 in Q2 2017 represented an average return of 26 percent on the previous purchase price of the home, the highest average home seller return since Q3 2007, when it was 27 percent.”

2. Projected Home Price Increases

If you've just gotten married or found that you're about to become a parent, you may have plans to move out of your house into a bigger home and maybe into a different area. If you wait to buy a more expensive home in this market, that probably wouldn't make sense. The home price expectations survey projected that home prices will increase by nearly 5% over the next year. So your house is price will increase, but not as much as homes currently valued higher than yours.

So if you're lucky enough to be one of those Millennials who bought a home in 2010 or even, later now might be the perfect time to move up to the home of your dreams

 

Find the Top Schools in O'Fallon

by

It's almost time for school to start again, and if you're planning to buy a home in O'Fallon soon, you no doubt want to send your children to the best schools. GreatSchools.org has rated the top schools in O'Fallon, and 8 of them received a score of over 7 our of 10!  Schools are rated according to test scores, parent reviews, and more.  

Here's the top 4 schools on the list.  Click on a school name to see the full review:

O Fallon High School
600 South Smiley St, O Fallon, IL 62269
Score: 10/10

J Emmett Hinchcliffe Sr Elementary School
1050 Ogle Rd, O Fallon, IL 62269
Score: 9/10

Fulton Jr High School
307 Kyle Rd, O Fallon, IL 62269
Score: 8/10

Delores Moye Elementary School
1010 Moye School Rd, O Fallon, IL 62269
Score: 8/10

 

The Best Eats for Less in O'Fallon

by

It's not always easy to save money and eat great food at the same time.  That's why its a good thing we have resources like TripAdvisor.com to find the best places to eat in O'Fallon on a budget. Here's a few of the top places to eat in O'Fallon that won't bust your bank account.

Daddy Ray Burgers

The reviews are in, and people are saying this is the best burger in town. And what would a great burger be without a fantastic shake to wash it down.  All this comes with fast friendly service.

Firehouse Subs

If you're looking for the best subs in O'Fallon, Firehouse doesn't disappoint.  They have all the toppings you could want, along with healthy choices.  You can even save more money by completing an online survey.

88 China

Why pay more for great Chinese cuisine when you can come to 88 China?  They offer your classic Chinese food selections all at reasonable prices.

There are more great places to eat for less in O'Fallon. View the full list here.

 

The Best Schools in O'Fallon

by

Sure it may seem a little early to start talking about going back to school. But if you're thinking about buying a home in O'Fallon, it's never too soon to find the best schools to send your children. GreatSchools.org rates the best schools in every city in America with a score based on parent reviews, test scores, and other criteria.

The good new is that 4 schools in O'Fallon received a score of at least 8 out of 10!  Here's a list of those schools with links to their full reviews:

O Fallon High School
Score: 10/10

J Emmett Hinchcliffe Sr Elementary School
Score: 9/10

Fulton Jr High School
Score: 8/10

Delores Moye Elementary School
Score: 8/10

If you're looking for an amazing luxury home in O'Fallon, then this amazing estate in Crown Point has everything you could want to live the luxury life.  With 7884 sq feet of living space, you'll never run out of room, which includes 6 bedrooms, 3 full baths and 2 partial baths.  The 4 car garage will give you plenty of space for your cars and toys.

This stately home is beautifully appointed with custom doors, stamped concrete drive, gorgeous stone and oversized brickwork.  And if you love entertaining family and friends, then you won't have any problem doing so with the multiple entertaining spaces, fenced salt water pool complex, covered patio, and gourmet kitchen.

And being located in O'Fallon gives you easy access to great shopping, dining and parks.

Want more details on this amazing home? Visit the property detail page for more details and stunning photos.  

Interest rates are near a historic low of 3.96% for a 30 year loan, according to Freddie Mac’s latest Primary Mortgage Market Survey. Of course, the lower the interest rates, the lower your monthly costs. But it also affects your purchasing power.

Purchasing power is simply how much home you can afford on your budget. The lower the rate, the more expensive the home.

This chart shows what the impact of rising interest rates would have on your purchasing power if you buy a home in the national median price range, and planned to keep your principal and interest payments between $1,850-$1,900 a month.

So the moral of the story is to act now so that you get the most for your money.

If you need to find the ideal home close to Scott Air Force base, then Shiloh has a lot of great homes just waiting for you. The Village of Shiloh is an ideal community, with a low crime rate, creating a peaceful community.  And if you want to be close to the base, you couldn't get any closer unless you live on the base itself, with some homes less than a mile from the main gate.

Shiloh is a small, tight-knit community of 13,000 people, but with a nice array of amenities.  You have the convenience of having Target and ​Dierbergs Market close by.  And you'll have great options for dining out in town with restaurants like 54th Street Grill & Bar, Texas Roadhouse, and Noodles & Company.

You can keep the family active as well with the 4 parks in the village that have a great selection of things to keep you in shape or relaxed.

There's more to learn about this great community so make sure you check out our Shiloh Real Estate & Community Information page where you can also search for the ideal home close to the base.

Celebrate Our Freedom!

by

The time has come again for us to celebrate our freedom this 4th of July!  

There's no better way to celebrate our independence than at America's biggest birthday party at Fair St. Louis.  This is a free event that features great live music, the fun Festival Zone, and of course, the famous fireworks display that caps off very evening of the fair that runs in Forest Park from July 2-4.

Have a fun and happy 4th of July!

Sell Your Home Faster!

by

Ready to sell your home in O'Fallon or the surrounding communities? The time that people will really be the most interested in your home is when it hits the market, so you need to be ready. You need to make sure that your home is as ready to present to the public as you can. Here are some methods are sure to help you sell faster and be better prepared for when your home hits the O'Fallon real estate market.

Get Storage

De-cluttering your home is essential. But you can't just shove everything in the closets or storage room, or the shed or garage for that matter. Get all unneeded items off the property and into storage. This serves tow purposes - making the home look cleaner, and also easier for you to move into your new home since you're already packed. Also make sure to store personal photos and items as these can distract potential buyers from the seeing the home as their own home.

Professional Staging and Photography

The first representation of your home that most people will see is on the internet. That means photos. And of course the photos will need to be of a well-presented home. The comfort and ease of shopping for a home on the internet means that your home needs to stand out.  And if you don;t have money for professional staging, then do your best and have a friend or your agent give you honest insight on how your property looks from a buyer's perspective.

Lighten Up

The darker the home, the more depressing it will seem.  Make it brighter by using artificial and natural lighting.  Buy higher wattage bulbs if needed and replace burned out bulbs. Open the windows.  You can even paint the rooms more neutral colors, like a neutral gray.

There are certainly more things you can do to get your home ready to sell. Please feel to ask us for more advise on how you can sell you home more quickly and get more from the sale.

Say Thanks to Dad!

by

It's time to say thanks this Sunday to the man who made all the difference in our lives as children and to all the fathers still making a difference.

If you're still looking for a great way to say thanks to dear old dad this week, there's some great Father's Day events coming up in St. Louis.  There's The Great Rivers Festival on Saturday, Father's Day Brunch at Cedar Lake Cellars, and Father's Day Car Show, Bluesy Beer Garden to name a few.

Have a fun and happy Father Day!

 

Displaying blog entries 1-10 of 38

Contact Information

Photo of The Ellerbrake Group Real Estate
The Ellerbrake Group
RE/MAX Preferred
1668 Windham Way
O'Fallon IL 62269
Office: (618) 632-0001
Direct: (618) 791-8773
Fax: (984) 222-6820