Chicago area real estate trends and statistics. Includes residential and commercial classes. Additional distressed & traditional versus total statistics on weekly basis. Posted at https://realtyevolved.net
distressed properties
I have had several requests through Skype and email asking to go into more detail about disclosures and REO (real estate owned) properties. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
Current sellers may benefit in the short-term from fewer foreclosures on the market, which account for large percentage of transactions currently. RealtyTrac estimates that distressed sales account for a third of the residential real estate market, and depressing home prices by about 26%. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
Current homeowners are now faced with neighbors emptying out and lower home values, or relocating and potentially selling at a loss. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
Doing some homework can prevent obstacles that can stall contracts, miss opportunities or prevent the buyer’s credit. Originally published at https://realtyevolved.net by Sherwin Sucaldito
The rise and subsequent fall of real estate prices could have an effect on other industries such as food. Originally published at https://realtyevolved.net by Sherwin Sucaldito
With inventory remaining high, there are, of course, deals everywhere. In many cases, purchasers are opting to purchase distressed homes, or homes being sold by very “motivated sellers.” Originally published at https://realtyevolved.net by Sherwin Sucaldito
What happens when buying into properties with no HOA? Originally published at https://realtyevolved.net by Sherwin Sucaldito