Kathleen Linsner

Kathleen Linsner

Real Estate Agent
  • 630-642-0194
  • 630-897-8774
  • 630-897-4114
  • 1999 W Galena Blvd
    Aurora, IL 60506
Contact Me

Welcome to my Website

Searching for your next home? Try our state-of-the-art map search – with it you can quickly search the entire market. Simply type the address, city, MLS ID, or just hit the search button to get started. The large format map allows you to click and drag, zoom in and view detailed information and photos for all properties currently listed on the MLS.

Selling your home? No other website in the market will showcase your listing with up to 50 high resolution photos! In addition to advertising your property on my own website, I syndicate your listing to other real estate websites across the web.

Whether you are selling your home, searching for your next home, or have any questions about the process – I look forward to helping you!

Personal Background

I've lived in the Chicagoland area all of my life, growing up in West Chicago.  I've lived in Bartlett, Batavia, Aurora and North Aurora.  I've worked as an Office Manager/Administrator for the past 25 years and my love for Real Estate has driven me to pursue real estate as a second career.  My father was a carpenter by trade and I've learned a lot over the years from him as far as building construction.

Personal Interests

I'm an outdoorsy person and love any opportunity I can get to explore the areas forest preserves, bike paths and many wonderful festivals that take place during the spring, summer and fall.  I enjoy running, biking and swimming, triathlons and am a Beachbody coach. I enjoy adventure vacations:  hiking the Rocky Mountains, white water rafting, bike trips, etc.  

Percentage of Homeownership by Decade and by State

Percentage of Homeownership by Decade and by State

Percentage of Homeownership by Decade and by State | Keeping Current Matters

There has been a lot of talk about the falling homeownership rate in the United States. In December 2004, the homeownership rate reached an all-time high of 69.4%, while the current rate is 62.9%. When comparing these two figures, there is some room for concern regarding the difference.

However, today we want to shine some light on the issue by:

  1. Showing what historic homeownership rates have looked like over the last 130 years.
  2. Breaking down the current percentages by state.

Historic Homeownership Rates:

Percentage of Homeownership by Decade and by State | Keeping Current Matters

Current Homeownership Rates by State:

Percentage of Homeownership by Decade and by State | Keeping Current Matters

All of the states that you see in blue on the map above have a greater homeownership rate than the national average.

Bottom Line

Though the homeownership rate has fallen recently, the percentage is still at a healthy rate compared to historic numbers, and most states currently have a higher percentage than the national average.

TMI about PMI??? Never

Don’t Disqualify Yourself… Over Half of All Loans Approved

You Can Never Have TMI about PMI


You Can Never Have TMI about PMI | Keeping Current Matters

When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase a home with a down payment below 20%, you can never have Too Much Information (TMI) about Private Mortgage Insurance (PMI).

What is Private Mortgage Insurance (PMI)?

Freddie Mac defines PMI as:

“An insurance policy that protects the lender if you are unable to pay your mortgage. It's a monthly fee, rolled into your mortgage payment, that is required for all conforming, conventional loans that have down payments less than 20%.

Once you've built equity of 20% in your home, you can cancel your PMI and remove that expense from your mortgage payment.”

As the borrower, you pay the monthly premiums for the insurance policy, and the lender is the beneficiary. Freddie Mac goes on to explain that:

“The cost of PMI varies based on your loan-to-value ratio – the amount you owe on your mortgage compared to its value – and credit score, but you can expect to pay between $30 and $70 per month for every $100,000 borrowed.” 

According to the National Association of Realtors, the average down payment for all buyers last year was 10%. For first-time buyers, that number dropped to 6%, while repeat buyers put down 14% (no doubt aided by the sale of their home). This just goes to show that for a large number of buyers last year, PMI did not stop them from buying their dream homes.

Here’s an example of the cost of a mortgage on a $200,000 home with a 5% down payment & PMI, compared to a 20% down payment without PMI:

You Can Never Have TMI about PMI | Keeping Current Matters

The larger the down payment you can make, the lower your monthly housing cost will be, but Freddie Mac urges you to remember:

“It's no doubt an added cost, but it's enabling you to buy now and begin building equity versus waiting 5 to 10 years to build enough savings for a 20% down payment.”

Bottom Line

If you have questions about if you should buy now or wait until you’ve saved a larger down payment, meet with a professional in your area who can explain your market’s conditions and help you make the best decision for you and your family
.

 

4 Reasons to Buy This Fall


4 Reasons to Buy This Fall | Keeping Current Matters

It’s that time of year; the seasons are changing and with them come thoughts of the upcoming holidays, family get-togethers, and planning for a new year. Those who are on the fence about whether or not now is the right time to buy don’t have to look much further to find four great reasons to consider buying a home now, instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.4% over the next year. The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects home values to appreciate by more than 3.5% a year for the next 5 years.

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Remain at Historic Lows

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have remained at or below 3.5% for 13 consecutive weeks. The Mortgage Bankers Association, Freddie Mac & the National Association of Realtors are in unison, projecting that rates will increase by this time next year.

Any increase in rates will impact YOUR monthly mortgage payment. A year from now, the percentage of your income that you spend on housing will increase substantially if you choose to wait.

3. Either Way You Are Paying a Mortgage

Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage - either your mortgage or your landlord’s. As a paper from the Joint Center for Housing Studies at Harvard University explains:

“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”

4. It’s Time to Move on with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Look at the actual reason you are buying and decide whether it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer or you just want to have control over renovations, maybe now is the time to buy.

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings
.

Renting or Buying, You're still paying a Mortgage

Whether You Rent or Buy, You’re Paying a Mortgage

by  on August 22, 2016 in First Time HomebuyersFor BuyersInterest Rates

 

Whether You Rent or Buy, You’re Paying a Mortgage | Keeping Current Matters

There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage - either yours or your landlord’s.

As The Joint Center for Housing Studies at Harvard University explains:

“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return.  

That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”

Christina Boyle, a Senior Vice President, Head of Single-Family Sales & Relationship Management at Freddie Mac, explains another benefit of securing a mortgage vs. paying rent:

“With a 30-year fixed rate mortgage, you’ll have the certainty & stability of knowing what your mortgage payment will be for the next 30 years – unlike rents which will continue to rise over the next three decades.”

As an owner, your mortgage payment is a form of ‘forced savings’ which allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee the landlord is the person with that equity.

Interest rates are still at historic lows, making it one of the best times to secure a mortgage and make a move into your dream home. Freddie Mac’s latest report shows that rates across the country were 3.43% last week.

Bottom Line

Whether you are looking for a primary residence for the first time or are considering a vacation home on the shore, now may be the time to buy.

Sales at Highest Pace in 9 Years [INFOGRAPHIC] | Keeping Current Matters

Some Highlights:

  • Sales of existing homes reached the highest annual pace in over 9 years at 5.29 million.
  • Inventory remains below the 6-month norm and prices are still on the rise.
  • Interest rates are at a historic low of 3.48%.

Selling Your Home? 10 Inexpensive Staging Tips-Staging to Sell your Home Fast

Looking to Sell?

Hurry Up and List Your House TODAY!!

 

That headline might be a little aggressive. However, as the data on the 2016 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME!

The May numbers are not in yet, but the April numbers were sensational. Jonathon Smoke, Chief Economist at realtor.com, explained:

“We had a triple crown of April home sales reports, so 2016 is in the pole position to earn best year of home sales in a decade.”

And Freddie Mac also expressed a tremendous optimism regarding home sales for the rest of the summer:

“Home sales typically rise in the spring and summer months, and we anticipate acceleration in home sales that will surpass 2007’s pace by late summer.”

The only challenge to the market is a severe lack of inventory. A balanced market would have a full six-month supply of homes for sale. Currently, there is less than a five-month supply of inventory. This represents a decrease in supply of 3.6% from the same time last year.

Bottom Line

With demand increasing and supply dropping, this may be the perfect time to get the best price for your home. Contact a local real estate professional today to see whether that is the case in your neighborhood.

How much will your project cost

Here's a good  resource to help you figure out approximately how much that home improvement project will cost you.  Copy and past the link below to get you to Homeadvisor

http://www.homeadvisor.com/cost/

 

 

 

 

 

Designations

  • Realtor
  • Equal Housing Opportunity
Contact Me

Communities

Cities
Naperville

Picked as the second best city in the nation to live in, by Money Magazine, our flourishing suburb of Naperville is located just 28 miles west of beautiful ...

Aurora

Aurora is located in Kane County, approximately 40 miles west of Chicago and is part of the general area known as Fox Valley. Our office is just minutes ...

St. Charles

International employers, innovative schools, beautiful parks, local and regional resources, and uniquearchitecture have earned St. Charles its reputation ...

Wheaton

Wheaton, like the majority of Midwestern settlements in the 1800s, evolved from an agricultural pattern of living. It was supported by a central ...

Oswego

Located about 50 miles west of Chicago in Kendall County at the confluence of Waubonsie Creek and the Fox River, Oswego was settled, at least in ...

Glen Ellyn

Glen Ellyn is located in DuPage County, 23 miles west of Chicago, adjacent to rapidly growing suburban areas. The population of Glen Ellyn, according ...

Geneva

The New England roots of the families who settled present day Geneva are evident in the well preserved homes they built. Some, like the 1844 Sterling home ...

Batavia

It has been suggested that with the Fox River as the centerpiece, Batavia in some ways looks like atown that time has left alone. Still other people have ...

Plano

Birthplace of the harvester Mr. William Hibbs invented the corn picker. Farming in Plano earned its place in history when the first grain reaper in America ...

Montgomery

Montgomery is a growing community quietly nestled along both banks of the Fox River in Kane and Kendall counties in Illinois, just south of Aurora ...

North Aurora

Originally known as Schneider’s Crossing, North Aurora began with the arrival of two adventurous brothers who decided that their search for a habitable ...

Thinking of For Sale By Owner? Think Again!

Thinking You Should FSBO? Think Again 


Thinking You Should FSBO? Think Again [INFOGRAPHIC] | Keeping Current Matters

Some Highlights: 

According to NAR's Profile of Home Buyers & Sellers:

  • 88% of buyers look for their new home online.
  • Using a real estate agent can net you $39,000 more than FSBO'ing.
  • There is a long list of people that you will have to negotiate with when you decide to sell your home, using an experienced professional can help ease the process
    .

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