Home Buying in 60074>Question Details

Linda, Home Buyer in Illinois

Is it wise to buy one of these condo's on East Candlenut Lane Palatine IL, 60074 on forclosure?

Asked by Linda, Illinois Mon Mar 17, 2008

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What is the market value of these properties? Also many and I do many forclosures need lots of work. You must that into consideration as well. A good Realtor should be able to answer these questions and show you comps of similar homes that have recently sold.
0 votes Thank Flag Link Wed Jun 24, 2009
Hi Linda-
How much time do you have?
Foreclosures, short sales and pre-foreclosures in our current market have been known to take up to a year to close. And that's at full listing price with a cash sale.
It is a great investment strategy to buy a foreclosure. You will undoubtedly get a great price. But, the honest answer is How much time are you willing to spend?
If you've got the time, then yes!

Good Luck!
0 votes Thank Flag Link Sat Sep 27, 2008
Sure, if you can get a good price.
0 votes Thank Flag Link Mon Mar 17, 2008
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