Please keep in mind that not ALL buyer incentives being offered are part of the Caterpillar Relocation Program.  Some independent sellers are also offering buyer incentives.  Please check with your Realtor for additional details.


CATERPILLAR INCENTIVE PROGRAM Q & A

Q1: Who is eligible for the three percent incentive? 
A: Any buyer of a Caterpillar relocation program home in the Peoria area is eligible.

Q2: How do I know if an incentive is being offered?   
A: The incentive being offered will show up in the remarks area for any eligible listing. 

Q3: How is the 3% incentive determined?   
A: The 3% incentive is calculated based on the net sale price of the home

Q4: 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.


Q5: 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.

Q6: How is “the Peoria area” defined in this context? 
A: The scope reflects the communities served by the Peoria Area Association of Realtors.

Q7: Does the home have to be related to the headquarters move? 
A: No, any Caterpillar relocation program home in the Peoria area is eligible for the incentive. This may include homes from employees relocating for other jobs within the company.

Q8: How many Caterpillar homes do you expect to be added to the market as a result of this headquarters relocation? 
A: We cannot predict how many homes will go onto the market as a result of the headquarters move. It is important to note that some relocating employees may elect not to sell their home, choose to rent out their home, or utilize opportunities that best fit any number of personal situations. Additionally, not all homes will be coming onto the market at once. The transition to the new headquarters started in May 2017 and continue through mid-2018.

Q9: 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.

Q10: How can I learn about new homes offering incentives as they come on the market?
A: Check back to view this blog for weekly updates.  Want immediate notification of new listings that meets your search criteria?  Speak with one of The Knell Group Realtors and have us watch market activity for you.  We will send you any new listings that meet your search criteria as they come on the market.


CURRENT LIST OF HOMES OFFERING INCENTIVES

Knell Group Collection                

100 SKYLARK Lane

Washington, Illinois

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10535 N LIVERPOOL Drive

Peoria, Illinois

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203 W COPPERFIELD Drive

Dunlap, Illinois

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2212 W CHATSFORD Court

Peoria, Illinois

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2513 W ALABASTER Avenue

Dunlap, Illinois

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3905 W TALUS Court

Peoria, Illinois

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11014 N MOSSCLIFF Court

Dunlap, Illinois

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6826 N Sumac Road

Edwards, Illinois

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5915 W EAGLECREEK Drive

Peoria, Illinois

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4611 N GRANDVIEW Drive

Peoria Heights, Illinois

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1109 S COPPERPOINT Drive

Dunlap, Illinois

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5728 W FORESTWOOD Drive

Peoria, Illinois

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4527 N MILLER Avenue

Peoria Heights, Illinois

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6421 W STONEBROOK Drive

Edwards, Illinois

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4530 N MILLER Avenue

Peoria Heights, Illinois

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818 W GRAND OAK Drive

Peoria, Illinois

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222 W DETWEILLER Drive

Peoria, Illinois

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Area Homes (Listed by Price)                                                                                                            

3407 N MISSOURI

Peoria, Illinois

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9435 W GUINIVERE Court

Mapleton, Illinois

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7624 W Sportsman Drive

Mapleton, Illinois

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217 CAVELIER Road

Marquette Heights, Illinois

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1934 COBBLESTONE

Washington, Illinois

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7 BEAVER CREEK Drive

East Peoria, Illinois

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10900 N NORTHTRAIL Drive

Dunlap, Illinois

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1119 W MOSS Avenue

Peoria, Illinois

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6319 W CROYDEN Avenue

Peoria, Illinois

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308 STONEWOOD Drive

East Peoria, Illinois

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2817 W SCHOOL Street

Dunlap, Illinois

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11919 N WINDCREST Court

Dunlap, Illinois

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1624 MACKENZIE

Washington, Illinois

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1504 OAK RIDGE

Washington, Illinois

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11506 N BALLYMORE

Dunlap, Illinois

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6944 N SKYLINE Drive

Peoria, Illinois

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105 CYPRESS POINT

Washington, Illinois

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11611 N BALLYMORE Avenue

Dunlap, Illinois

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11526 N DUNMORE

Dunlap, Illinois

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6836 N Ironwood Drive

Edwards, Illinois

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2021 W LIAMS Way

Dunlap, Illinois

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1801 WINGED FOOT Drive

Pekin, Illinois

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115 MIROMAR Lane

Washington, Illinois

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3818 W CRIMSON Road

Dunlap, Illinois

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3102 SADDLE CREEK

Dunlap, Illinois

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825 W BROOKFOREST Drive

Peoria, Illinois

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1636 MACKENZIE

Washington, Illinois

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825 W BROOKFOREST Drive

Peoria, Illinois

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1708 AUTUMN RIDGE

Washington, Illinois

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7517 GRANGE HALL Road

Dunlap, Illinois

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613 MAYFAIR Court

Germantown Hills, Illinois

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11310 N SYCAMORE CREEK Drive

Dunlap, Illinois

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2616 W ALABASTER Avenue

Dunlap, Illinois

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123 W WINDFLOWER Way

Dunlap, Illinois

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3212 W SADDLE CREEK Drive

Dunlap, Illinois

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2009 ALAMEDA Court

Pekin, Illinois

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5527 W ANCIENT OAK

Peoria, Illinois

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4619 N WEAVERRIDGE Boulevard

Peoria, Illinois

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610 COUNTRYSIDE Drive

Metamora, Illinois

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10915 N FOX MEADOW Drive

Brimfield, Illinois

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9708 N GOLDEN OAK Court

Peoria, Illinois

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1700 COYOTE CROSSING

Washington, Illinois

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5315 N PROSPECT Road

Peoria, Illinois

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903 MULBERRY Court

Metamora, Illinois

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702 S SARA Court

Dunlap, Illinois

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4133 W STONEWATER Drive

Peoria, Illinois

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6506 HAZEL NUT

Edwards, Illinois

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7200 N WESCOTT Court

Peoria, Illinois

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3509 W OAK CREEK Court

Dunlap, Illinois

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4319 W DEERMEADOW Drive

Peoria, Illinois

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2919 W PLAYDEN Court

Peoria, Illinois

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5904 W FORESTWOOD Drive

Peoria, Illinois

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9609 N OAKFOREST Court

Peoria, Illinois

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6609 N GREENWICH Place

Peoria, Illinois

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735 HURFF Drive

Elmwood, Illinois

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10729 N TRAILS EDGE Drive

Peoria, Illinois

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15225 Whitetail Crossing

Brimfield, Illinois

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11409 N STONE CREEK Drive

Dunlap, Illinois

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1625 NIGHTHAWK Court

Pekin, Illinois

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5725 W FORESTWOOD Drive

Peoria, Illinois

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709 W BRIDGETOWNE Court

Dunlap, Illinois

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6610 N PARKLAWN Court

Peoria, Illinois

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7611 N EDGEWILD Drive

Peoria, Illinois

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A great time to BUY! Contact The Knell Group for ANY of your real estate needs. We can connect you with a lender for a pre-approval. We are a full service team with you from START to FINISH!