OPEN HOUSE TOUR

Join us on a Tour of Caterpillar Incentive Homes currently FOR SALE in Central IL. 

PRIZES:

  • Every Home will have a Door Drawing valued at $100.00 and a Grand Prize of $500.00. So the more homes you visit, the better chances at the Grand Prize! 
  • Every Visitor will get a PAAR Cares Discount card at their first stop which offers discounts of many services like gas, restaurants and more! (Limit 1 per person) 

Saturday June 23rd 2-4PM

9842 N THOUSAND OAKS Court

Peoria, Illinois

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735 W TOWNES Court

Peoria, Illinois

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749 W BROOKFOREST Drive

Peoria, Illinois

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1116 W BROOKFOREST Drive

Peoria, Illinois

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11217 N OAKWOOD Drive #51

Peoria, Illinois

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2122 W ALTA Road

Peoria, Illinois

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1640 W GENEVA Road

Peoria, Illinois

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12052 N HICKORY GROVE Road

Dunlap, Illinois

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11915 N HICKORY GROVE Road

Dunlap, Illinois

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15420 N RIVER BEACH Drive

Chillicothe, Illinois

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7512 N EDGEWILD Drive

Peoria, Illinois

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424 W NORTHPOINT Lane

Peoria, Illinois

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115 MIROMAR Lane

Washington, Illinois

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Sunday June 24th 2-4PM

10419 N HARVEST Court

Peoria, Illinois

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10010 N Brompton

Peoria, Illinois

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323 W TIMBER RIDGE Drive

Peoria, Illinois

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7319 N VILLA LAKE Drive

Peoria, Illinois

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7106 N TEAKWOOD Court

Peoria, Illinois

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6512 N ROBINWOOD

Peoria, Illinois

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7220 N WESCOTT Court

Peoria, Illinois

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5125 W ARROWOOD Place

Peoria, Illinois

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5515 N LEAWOOD Court

Peoria, Illinois

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1819 W LATHAM

Peoria, Illinois

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4212 N BROOKMONT Road

Peoria, Illinois

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3723 N BIGELOW Street

Peoria, Illinois

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911 W STRATFORD Drive

Peoria, Illinois

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501 W FORREST HILL Avenue

Peoria, Illinois

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2724 W NEWMAN Parkway

Peoria, Illinois

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4629 S KING ARTHUR Court

Mapleton, Illinois

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4035 S DUNBAR PT

Mapleton, Illinois

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132 STAR RIM

East Peoria, Illinois

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View an Interactive Map HERE


Questions? Just Ask The Knell Group HERE 


CATERPILLAR INCENTIVE PROGRAM Q & A

Q: Who is eligible for the 3% incentive? 
A: Any buyer of a Caterpillar relocation program home in the Peoria area is eligible.

Q: Who is eligible for the buy out program?
A: Any home within a 20 mile radius of the Caterpillar downtown headquarters worth more than $95,000. Buyer must purchase a home with a value of  **35%** or more than their current home AND the purchased home must be at least ** $200,000 ** and a Caterpillar relocation program home. EXAMPLE: You live at 123 Main St, your home is worth $145,000. If you purchase a Caterpillar relocation program home that is $200,000 or more, Caterpillar will offer to purchase your current home PLUS give you $3,500 in moving costs PLUS 3% closing costs on the new home! WIN-WIN

Q: How is the 3% incentive determined?   
A: The 3% incentive is calculated based on the net sale price of the home

Q: How will the 3% incentive be applied to my purchase and how can it be used?    
A: The incentive being offered is first and foremost subject to your lender’s approval.  The 3% incentive could be used toward your closing costs (loan fees, inspections, appraisal fee, etc.), a credit could be used if you are planning to do repairs/renovations to the home or can even be used to buy down your interest rate.  Your Realtor and Lender will help determine the best way to maximize the incentive.


Q: Why is Caterpillar offering a home incentive program like this? 
A.  Caterpillar is a major player in the Peoria-area job market, and they recognize the impact that both their long downturn and this relocation may have on the local real estate market. The incentivized program is similar to programs offered at other companies that have reestablished global headquarters. CAT’s intention with this program is to minimize the impact to the Peoria Real Estate Market by keeping the integrity of home values.

Q: What if I have more questions about the program?
A: Interested buyers are encouraged to contact THE KNELL GROUP of Coldwell Banker | The Real Estate Group.