Mar 20
This valuable website offers news, information and understanding about being a homeowner. It is a primary resource addressing questions and offering help…Enjoy!
Mar 11
Through their efforts to stimulate the real estate market, the goverment has implemented an updated version of the First-Time Homebuyer Tax Credit. Between January 1, 2009-November 30, 2009, eligible first-time Peoria homebuyers have the opportunity to take full advantage of the $8,000 tax credit. Contact The Knell Group for a complete overview of the details or simply follow the link below:
Mar 09
The Knell Group remains at the forefront of Peoria’s real estate market. The following accolades were presented to The Knell Group for their performance in an ever-changing real estate market. Through their commitment to their clients, The Knell Group is recognized as an industry leader. Mary Ann Knell and her team implement the most cutting-edge tools and technology to ensure the highest level of satisfaction.
- #1 Peoria Area Real Estate Team
- #1 IL Coldwell Banker Team
- #1 Coldwell Banker Team in the 19-State Northern Region
- $50+ Million in Property Sales
- 170+ New Property Owners
Thank you to everyone that has joined The Knell Group on this wonderful journey!
Feb 26
There is no doubt we are in a recession, jobs are being cut and homes are being lost. The housing sector has become the single biggest cause but according to Pat McCarthy, President of PAAR, “Peoria has been very very lucky” when it comes to the real estate market in this region. It seems Peoria is in a so called housing bubble with sale numbers down about 10% versus 27% statewide.
Why is Peoria doing better?
1. The Peoria Market is affordable with the average price of a home is $139,000
2. Home Values are staying stable
3. The business economy is stronger here than other areas
4. Conservative lending practices
To watch complete interviews and read more please follow the link below:
The Heartland Partnership
Dec 04
Here are your 10 practical, time-saving and potentially money saving tips to achieving your goal of home ownership in Peoria!
Step #1 - Select a Peoria real estate website that you can rely on for accurate, local, real-time information about the Tri- County communities including:
Nov 20
After a recent discussion with a Peoria home buyer client who had bought and sold several properties in Peoria, it became abundantly clear many buyers have misconceptions or are misinformed about homeowner associations and restrictive covenants. If you are thinking about buying a home in Peoria, no doubt that property will be “governed” by community restrictive covenants or deed restrictions and maybe a homeowner’s association (HOA).
Peoria Real Estate Terms Defined
Nov 12
Because the numbers change daily, it really is difficult to know the exact amount of homes in the foreclosure process in Peoria County. At the time of writing this post, there were 885 properties on the market in Peoria County in some phase of the pre-foreclosure and foreclosure process. The leading area for foreclosures in Peoria County is in the 61604 zip code with a total of 267 foreclosure properties on the market. Below is a map outlining the various properties which include pre-foreclosure homes, auction sales, bank-owned properties, online auction properties and government-owned properties.
Peoria County Map Key
P = Pre-Foreclosure
A = Auctions sales
B = Bank-Owned Properties
O = Online-Auction Properties
G = Government-Owned
Why do Foreclosures Occur?
There are many unfortunate reasons why homes in Peoria slip into foreclosure. The more common reasons include:
- Resetting mortgage interest rates that make a monthly mortgage payment unaffordable
- Job loss
- Job reassignment or relocation
- Marital status change making the mortgage payment unaffordable for a single spouse
- Death in the family
- Family illness
Helping Peoria Consumers
It is in your best interest as a consumer to face your situation head-on. It is also to your benefit to attempt to salvage your home and communicate with your bank or lender. Most banks and lenders are burdened by foreclosures and would prefer you remain in your home. Plus, your Peoria neighbors would prefer you remain in your home as well. Foreclosure sales can have a negative impact on a community and property values in your Peoria neighborhood. And the reality is, foreclosures are happening in every price point from entry-level homes to luxury homes in Peoria. Help is available! Contact a member of The KNELL GROUP today for more information on foreclosures in Peoria.
Your Feedback
Has a foreclosure property made an impact on home values in your Peoria neighborhood? If so, tell us about it.
Until my next post,
Mary Ann
Nov 10
Peoria real estate agents have always been taught real estate is predicated on three things; location, location, location. Predicting the future of the national real estate market (whatever that is) is about as valuable to local buyers and sellers as predicting the national weather forecast. The question is - “Who cares?” Just tell me what the weather forecast will be here in Peoria! The same is true for the Peoria real estate market.
The Peoria Real Estate Market has Remained Consistent
Oct 21
Google Maps Added to the Peoria Real Estate Website
As promised from my previous Peoria real Estate blog post, here is an update on even more enhancements we are sure you will appreciate. We all know the value and importance of having access to area maps and we are excited to tell you about the new tools THE KNELL GROUP has added to your website experience.
Tri-County Area Map Page Added
Oct 20
More Peoria Home Buyer and Seller Tools & Market Stats
The team of technologist and marketers here at THE KNELL GROUP are always seeking to provide you the finest online experience at PeroiaHomeOffice.com. We are especially excited to announce a number of recent enhancements we think you will appreciate. In fact, there are so many new features and enhancements this post can’t contain them all! The obvious goal of THE KNELL GROUP is to provide you the ultimate online experience when searching for a Peoria Realtor team and website.
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