Faganel Builders’ “Trade in your home” program successful with buyers

March 25, 2010

Some call it a “house swap.” Others call it fantastic timing. R.A. Faganel Builders is proud to call it a great success and a win-win opportunity for them and their customers.

Its official moniker is the Trade in Your Home Program, and it offers multiple benefits to purchasers who desire a new residence yet have an existing home to sell.

“This exciting program is designed to provide peace of mind to buyers who yearn for custom new construction that’s move-in ready, but who don’t want the process to be delayed by the fear that their resale home won’t sell,” said David Faganel, president of Batavia-based R.A. Faganel Builders, a family-owned company building high-performance energy-efficient homes for over 20 years in the Chicagoland Area.

Here’s how the Trade in Your Home Program works, according to Dave Faganel:
1.    You select one of Faganel’s award-winning, energy efficient, pre-built single-family homes available for early delivery at one of the builder’s suburban communities.
2.    Faganel performs a comparative market analysis and calculates your existing home’s full market value. If your current home is determined to be eligible for the program, Faganel will tell you what they are willing to pay for it.
3.    You agree to sign a contract to purchase your chosen Faganel home—at an advertised list price that’s already been significantly discounted—minus the amount Faganel will pay you for your existing home. This contract is contingent upon Faganel purchasing your current home at the agreed-upon price.

The Cardenas family took advantage of the Trade in your Home program.

“The big advantage of our Trade in Your Home promotion is that you don’t have to worry about when your resale home is going to be claimed, which can often take months in the current market,” said Jim Janik, vice president of sales for R.A. Faganel Builders. “Plus, you don’t have to be bothered with the hassles involved in a typical sale. These include putting up with strangers traipsing through your home, scheduling home showings and open house events, and making yourself scarce during these visits.”

Janik noted that, while other builders have attempted similar home swap programs, none that he’s aware of have been as successful as Faganel’s.

“Once we purchase a customer’s resale property, we’ve been able to put it on the market and attract a buyer relatively quickly using our in-house resources,” said Janik. “So both parties benefit. We’re able to decrease our stock of pre-built homes, and the buyer is unburdened from the challenge of having to unload their older home in this tight real estate market.”

Faganel introduced the Trade in Your Home Program in late 2008. It has since generated ample interest, with four different buyers participating. One of those buyers is Victor Cardenas, who, with his wife Lisa, purchased a move-in-ready Faganel home at Autumn Gate in Oswego in exchange for the builder buying his older Oswego home.

“We had been looking around for a new home for a while, and had put our home on the market for about a year, but we weren’t having any luck,” said Lisa. “We needed a home with more space for our growing family. My husband and I did our homework and shopped all over Oswego for different builders.”

In their search, the Cardenases eventually discovered R.A. Faganel Builders. Soon, they visited Autumn Gate and checked out Faganel’s pre-built residences. They fell in love with a two-story Sussex ready for immediate occupancy that featured four bedrooms, two-and-a-half baths, a full basement and approximately 3,200 square feet. Among the plentiful amenities built into the home were a spacious family room, formal living and dining rooms, and an upstairs bonus room that would make for a perfect play area for their son and two daughters. What’s more, the new address was located within Oswego school district 308 and its highly acclaimed schools, which the couple’s three children could attend.

“I couldn’t believe it when they told us about their Trade in Your Home Program. The timing was perfect—we could unload our existing home at a fair price and move without the wait into the ideal brand new home for our needs. Not having to worry about finding a buyer probably saved me from having a heart attack, considering all the stress that comes with selling a home in this market,” joked Victor.

Indeed, factoring in what Faganel offered on their Oswego residence, participating in the Trade in Your Home Program made perfect sense. The Cardenas family completed the deal, moved in late last year and are thrilled with their purchase.

“The transaction was smooth, simple and fast,” said Lisa. “Many times when you have to vacate a home you’ve sold, you’re forced to rent an apartment or move in with relatives until you close on your new home. Moving in quickly was yet another perk of buying from Faganel.”

A different family who took their North Aurora home off the MLS—after six months of trying to sell their home with no luck—also capitalized on the Trade in Your Home Program. Within 35 days, they were “able to close on their old house on a Friday and move into their new Faganel home in Batavia three days later,” Janik said. “Needless to say, they were thrilled.”

Faganel currently has a number of early delivery homes that are eligible for its Trade in Your Home Program:
•    A Sycamore “D” at Coventry Hills of Batavia, boasting four bedrooms, three-and-a-half baths, two family rooms and 3,753 square feet—available for August move-in and priced at $629,900. Coventry Hills also offers eight designs base priced from $509,900. Call 630-907-6100 for further details.
•    A Gailsburg III “E” at Tanner Trails in North Aurora, including four bedrooms, three-and-a-half baths and 3,378 square feet—priced at $419,900 and move-in ready now. Additionally, Tanner Trails buyers can select from 14 floorplans base priced from $340,500. To learn more, call 630-907-6100.
•    A York “A” at Tanner Trails in North Aurora—a new plan that includes four bedrooms with a second-floor laundry, a three-car garage and at 3,039 square feet, priced at $374,900.00 with a move in date of September.
•    R.A. Faganel Builders also has other inventory homes eligible for the Trade in Your Home program, including a York “B” at Tall Oaks of Elgin that will soon be built.

Additionally, Faganel offers a range of floorplans that can be built at The Reserve of St. Charles, featuring upscale four bedroom homes sized from 3,500 square feet with base prices from $473,000.00, including homesite (call 630-502-3531 for more information).

“We’ve enjoyed strong success over the last year, with 25 sales since late 2008,” said Dave Faganel.

That’s little surprise, considering how R.A. Faganel Builders is renowned for crafting high quality homes generously equipped with in-demand amenities. What’s more, every residence Faganel creates is an energy-efficient, high-performance home built with an impressive array of state-of-the-art construction methods that are carefully selected to save homeowners big money on their utility bills. Each Faganel home also comes with a two-year Heat Guarantee that, in addition to eliminating indoor air pollution, ensures a monthly heating bill of less than $100 per month.

Faganel’s plentiful green components incorporated into every home include 93% energy efficient furnaces; cellulose insulation that yields an R-38 rating in ceilings and R-21 in composite walls, reduces sound, and is mildew and insect-resistant; Energy Star-rated appliances; low-E windows; a whole-house air exchanger with a HEPA filter; a special humidifier with an anti-microbial water pad; a DuctowoRx radiant catalytic ionization anti-bacteria filtration system; engineered, factory-built roof trusses with raised heel energy trusses; and OSB roof and wall sheeting made from a completely renewable resource.

“We’ve earned a stellar reputation in the industry and excellent word of mouth among buyers as the leader in our field and the green builder of choice,” Faganel said.

For more information on R.A. Faganel Builders or any of its communities, visit the Faganel website today!

About The Author

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Lynn Walsh is the President at Walsh Communications, LLC. Walsh Communications is a full-service public relations, marketing and advertising agency for home builders and real estate-related industries.

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