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: I am currently renting, is there any incentive for me?   
A: YES! If you purchase a Caterpillar relocation program home, you will receive a 3% incentive that could be used towards lease cancellation fees, closing costs, home improvements, etc. (Subject to lender approval).


Q: 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.  Or just ask The Knell Group. See BELOW! 

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: 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.

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.


CURRENT LIST OF HOMES OFFERING INCENTIVES

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.

Home Purchase Program Qualified (Listed by Price): 

10010 N Brompton

Peoria, Illinois

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6034 W ASHBROOKE Street

Edwards, Illinois

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424 W NORTHPOINT Lane

Peoria, Illinois

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5927 W RIDGECREST Drive

Peoria, Illinois

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2612 W SESAME Street

Dunlap, Illinois

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15420 N RIVER BEACH Drive

Chillicothe, Illinois

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905 W SCOTTWOOD Drive

Peoria, Illinois

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1116 W BROOKFOREST Drive

Peoria, Illinois

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3723 N BIGELOW Street

Peoria, Illinois

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1030 STONELAKE Court

Metamora, Illinois

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1927 CASECREEK

Peoria, Illinois

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4629 S KING ARTHUR Court

Mapleton, Illinois

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4815 N WEAVERRIDGE Boulevard

Peoria, Illinois

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2318 BROOKLYN

Dunlap, Illinois

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749 W BROOKFOREST Drive

Peoria, Illinois

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7316 S RIDGEBROOK Drive

Mapleton, Illinois

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12052 N HICKORY GROVE Road

Dunlap, Illinois

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115 MIROMAR Lane

Washington, Illinois

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2903 W WESSEX Drive

Peoria, Illinois

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2504 W Whittington Way

Dunlap, Illinois

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9102 S POWELL Road

Peoria, Illinois

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7220 N WESCOTT Court

Peoria, Illinois

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11915 N HICKORY GROVE Road

Dunlap, Illinois

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132 STAR RIM

East Peoria, Illinois

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625 S BRECKENRIDGE Drive

Dunlap, Illinois

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6808 N Basket Oak Drive

Peoria, Illinois

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735 W TOWNES Court

Peoria, Illinois

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3215 W SUMMERBEND Court

Peoria, Illinois

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10419 N HARVEST Court

Peoria, Illinois

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7512 N EDGEWILD Drive

Peoria, Illinois

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7006 N VAUXHALL Place

Peoria, Illinois

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1396 CEDAR CREEK Drive

Metamora, Illinois

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805 S COPPERPOINT Drive

Dunlap, Illinois

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6528 W WATERSTONE Way

Edwards, Illinois

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9842 N THOUSAND OAKS Court

Peoria, Illinois

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323 W TIMBER RIDGE Drive

Peoria, Illinois

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4702 N GRANDVIEW Drive

Peoria Heights, Illinois

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 Homes Offering Incentives: (Listed by Price)  

719 E THRUSH Avenue

Peoria, Illinois

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927 HIGHLAND

Pekin, Illinois

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621 W FLORENCE

Peoria, Illinois

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5125 W ARROWOOD Place

Peoria, Illinois

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5116 W ARROWOOD Place

Peoria, Illinois

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1108 W RIDGE Road

Peoria, Illinois

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123 S CHESTNUT Street

Tremont, Illinois

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1924 E PRINCETON Street

Peoria, Illinois

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600 LINCOLN

Washington, Illinois

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1512 GLENDALE Avenue

Pekin, Illinois

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228 W HANSSLER Place

Peoria, Illinois

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608 W LAWNDALE Avenue

Peoria, Illinois

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909 W FLORENCE

Peoria, Illinois

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5330 N ISABELL Avenue

Peoria, Illinois

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2411 W MADERA Court

Peoria, Illinois

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2720 N ROCKWOOD

Peoria, Illinois

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6108 N HAMILTON Road

Peoria, Illinois

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11217 N OAKWOOD Drive #51

Peoria, Illinois

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14812 GRANDVIEW Drive

Chillicothe, Illinois

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4402 W DUCHARME Avenue

Bartonville, Illinois

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6620 N COBBLESTONE Court

Peoria, Illinois

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6512 N ROBINWOOD

Peoria, Illinois

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7106 N TEAKWOOD Court

Peoria, Illinois

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7319 N VILLA LAKE Drive

Peoria, Illinois

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7500 N OXFORD Place

Peoria, Illinois

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3316 W BIRKSHIRE Drive

Peoria, Illinois

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1640 W GENEVA Road

Peoria, Illinois

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103 TONTI Court

Marquette Heights, Illinois

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603 S HIGH Street

Washington, Illinois

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1200 HIGHVIEW

East Peoria, Illinois

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501 W FORREST HILL Avenue

Peoria, Illinois

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1819 W LATHAM

Peoria, Illinois

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203 SUNSET Lane

Germantown Hills, Illinois

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5317 N WOODVIEW Avenue

Peoria, Illinois

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2122 W ALTA Road

Peoria, Illinois

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425 WILLOW Court

East Peoria, Illinois

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802 HILLDALE Avenue

Washington, Illinois

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209 HILLCREST Drive

Washington, Illinois

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2724 W NEWMAN Parkway

Peoria, Illinois

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12115 N LAKE FOREST Drive

Dunlap, Illinois

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10810 N DAVID Court

Peoria, Illinois

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12515 W GRAFELMAN Road

Hanna City, Illinois

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911 W STRATFORD Drive

Peoria, Illinois

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136 HIGHVIEW Terrace

East Peoria, Illinois

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816 OAKWOOD Road

East Peoria, Illinois

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3416 N KNOXVILLE Avenue

Peoria, Illinois

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2300 W MINERS Drive

Dunlap, Illinois

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1110 BELSLY Way

Metamora, Illinois

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4228 W RICHARDS WAY

Peoria, Illinois

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4444 W BRIDALWOOD Drive

Peoria, Illinois

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4212 N BROOKMONT Road

Peoria, Illinois

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5511 N PEPPERWOOD Court

Peoria, Illinois

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5504 N PEPPERWOOD Court

Peoria, Illinois

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5515 N LEAWOOD Court

Peoria, Illinois

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6721 N POST OAK Road

Peoria, Illinois

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4703 W LYNNHURST Drive

Peoria, Illinois

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526 W RIDGEMONT Road

Peoria, Illinois

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415 MACKENZIE Place

Germantown Hills, Illinois

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3900 N BIGELOW Street

Peoria, Illinois

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4035 S DUNBAR PT

Mapleton, Illinois

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10929 N NORTHTRAIL Drive

Dunlap, Illinois

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6243 N POST OAK Road

Peoria, Illinois

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2019 W MINERS Road

Dunlap, Illinois

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4809 W LYNNBROOK Drive

Peoria, Illinois

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6824 N BOBOLINK Drive

Peoria, Illinois

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103 MEADOW Lane

Mackinaw, Illinois

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10010 N Brompton

Peoria, Illinois

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6034 W ASHBROOKE Street

Edwards, Illinois

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210 STONEWOOD Drive

East Peoria, Illinois

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311 W ARMSTRONG Avenue

Peoria, Illinois

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5711 W WOODBRIAR Lane

Peoria, Illinois

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5927 W RIDGECREST Drive

Peoria, Illinois

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10806 N TRAIL VIEW Drive

Dunlap, Illinois

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1300 WESTGATE Road

Washington, Illinois

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453 HIGH POINT Drive

Peoria, Illinois

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2612 W SESAME Street

Dunlap, Illinois

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15420 N RIVER BEACH Drive

Chillicothe, Illinois

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905 W SCOTTWOOD Drive

Peoria, Illinois

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1116 W BROOKFOREST Drive

Peoria, Illinois

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3723 N BIGELOW Street

Peoria, Illinois

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1030 STONELAKE Court

Metamora, Illinois

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1927 CASECREEK

Peoria, Illinois

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408 ELIZABETH POINTE Drive

Germantown Hills, Illinois

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4629 S KING ARTHUR Court

Mapleton, Illinois

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3921 W Fiona

Dunlap, Illinois

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5235 W BRIARSTONE Drive

Peoria, Illinois

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6723 N White Fir

Edwards, Illinois

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4815 N WEAVERRIDGE Boulevard

Peoria, Illinois

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2318 BROOKLYN

Dunlap, Illinois

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749 W BROOKFOREST Drive

Peoria, Illinois

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7316 S RIDGEBROOK Drive

Mapleton, Illinois

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12052 N HICKORY GROVE Road

Dunlap, Illinois

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115 MIROMAR Lane

Washington, Illinois

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2001 W FORESTGLEN Drive

Peoria, Illinois

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2903 W WESSEX Drive

Peoria, Illinois

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105 W CRESTWOOD Drive

Peoria, Illinois

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10031 VOORHEES Road

Edwards, Illinois

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2504 W Whittington Way

Dunlap, Illinois

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5426 W FIELDSTONE

Peoria, Illinois

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9102 S POWELL Road

Peoria, Illinois

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7220 N WESCOTT Court

Peoria, Illinois

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2608 W Lake Pointe Terrace

Peoria, Illinois

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805 WELLINGTON

Washington, Illinois

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11915 N HICKORY GROVE Road

Dunlap, Illinois

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4325 W JEWELWOOD Court

Peoria, Illinois

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6316 W WYNDFIELD Drive

Edwards, Illinois

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11522 N GLENSHIRE Drive

Dunlap, Illinois

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9833 N TOWNSEND Drive

Peoria, Illinois

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600 W Copper Ridge Court

Dunlap, Illinois

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132 STAR RIM

East Peoria, Illinois

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625 S BRECKENRIDGE Drive

Dunlap, Illinois

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6808 N Basket Oak Drive

Peoria, Illinois

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11327 N SYCAMORE CREEK Drive

Dunlap, Illinois

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2310 W PINNACLE Drive

Dunlap, Illinois

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735 W TOWNES Court

Peoria, Illinois

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3215 W SUMMERBEND Court

Peoria, Illinois

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2619 W SUNSET Court

Peoria, Illinois

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1 EASY Street

Morton, Illinois

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2606 W SUNSET Court

Peoria, Illinois

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10419 N HARVEST Court

Peoria, Illinois

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7512 N EDGEWILD Drive

Peoria, Illinois

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7006 N VAUXHALL Place

Peoria, Illinois

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1396 CEDAR CREEK Drive

Metamora, Illinois

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805 S COPPERPOINT Drive

Dunlap, Illinois

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5808 W FORESTWOOD Drive

Peoria, Illinois

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1201 W POPLAR WOODS Court

Dunlap, Illinois

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22 FOUNTAINDALE

Washington, Illinois

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6528 W WATERSTONE Way

Edwards, Illinois

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8144 N CRAB ORCHARD Court

Peoria, Illinois

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305 WOLF CROSSING Drive

Morton, Illinois

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9842 N THOUSAND OAKS Court

Peoria, Illinois

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323 W TIMBER RIDGE Drive

Peoria, Illinois

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6421 W STONEBROOK Drive

Edwards, Illinois

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4702 N GRANDVIEW Drive

Peoria Heights, 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!