Sellers

39 posts

Cost vs. Value

The newest Cost versus Value report has just been released. Leading in the midrange projects in Chicago are steel entry doors, garage door replacements, deck additions and stone veneer accents. Leading upscale projects were wood window replacements, garage door replacements and siding replacement. Unlike what television may have us believe, […]

Distressed Out

Let’s say you were a conservative, responsible homebuyer back in 2006, and made what, by all accounts, would be considered a conservative, responsible down payment of 20%. Since then, the average home price across Chicagoland has fallen by more than 30%, according to conservative estimates. Conservatively, that means a lot […]

Oct Monthly Statistics

Chicago area real estate statistics for residential and commercial properties have been updated for the past twelve months ending in Oct 2011. https://realtyevolved.net/residential-commercial-distressed-chicago-real-estate/   Contracts written is up for both residential and commercial properties. Months supply of inventory is also lower, although for several property types the drop has been […]

Freeing Foreclosures

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.

Wells Fargo

Leading or Leaving the Market

With the job markets slowly recovering, and as previous home owners look to slow repair their credit, many are finding their way into the rentals markets. Many who have stayed with roommates or are no longer attracted into purchasing due to the expiration of the tax credit will also find their way back into the rental market. Originally published at https://realtyevolved.net by Sherwin Sucaldito.

Coming Up Short

A short sale scenario occurs prior to a property going into foreclosure, and is sometimes a more viable option as it may be more economically beneficial to sell the property for a minor loss rather than going into the foreclosure process. A short sale can occur even if Notice of Default has not been recorded. Originally published at https://realtyevolved.net.