Home Buying in 60060>Question Details

Janisk, Both Buyer and Seller in 48435

Why is the market so slow in Mundelein? We've had only a few showings in 5 weeks. Is this area depressed?

Asked by Janisk, 48435 Tue Jun 30, 2009

Or is this the same in Libertyville and Hawthorn Woods as well?

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Answers

7
Janisk,
How did things workout for you? Did you get to sell your home in 2009? Would like to hear what happened.
Have a great day!
0 votes Thank Flag Link Tue Oct 22, 2013
old post, but market is hot right now in Mundelein...
0 votes Thank Flag Link Mon Jun 3, 2013
Janisk,
The market is very hot now. If your property is not getting showings, I suggest you look at your marketing plan and pricing. Homes that are priced for this market are going under contract.

Hope this helps.

All the best,
Gary Geer
Results Realty
0 votes Thank Flag Link Mon May 6, 2013
The market for Mundelein is hot now!
0 votes Thank Flag Link Sun Mar 31, 2013
Hi Janisk,
The area as a whole is slow, but Mundelein does have an incredible oversupply of inventory. Homes that are overpriced are simply not getting as many looks as there are so many for the buyers to choose from.

Speaking from experience with my own buyers. I generally review possible homes to look at and unless a home offers something above & beyond what the competition is offering, clients just start with the lower priced competing homes & say 'we'll wait till the price drops on those homes before looking'.
0 votes Thank Flag Link Mon Jul 6, 2009
Hi Janisk,

The market in our area is slow. However, sellers are experiencing very different results based on a number of factors. The number one factor is price. If your home is over priced for today's market, buyers wont bother to look at your home.  Another very important factor is the amount and types of marketing being done for your home. If your home doesn't have a lot of exposure, buyers may not be able to find it. Curb appeal is critical as well. Many buyers in the area will drive by a home before deciding on whether to make an appointment. If buyers don't like the outside look, they probably won't bother to see the inside. There are many other factors that can influence the number of showings each home wil generate. Ask your Realtor to review these factors and schedule a meeting with you to talk about what needs to be done to increase your showings.

Scott Collins
RE/MAX Showcase
0 votes Thank Flag Link Tue Jun 30, 2009
The whole country is depressed. The new buyer tax credit has brought many out buyers but, there is still many people not wanting to buy because of the huge mount of job losses our country is still experiencing. The higher the price the the smaller your pool of buyers will be. It is ALL about the price. You definitely need a good agent to market and expose your home as aggressively as humanly possible. But when push comes to shove, there are too many foreclosures and short sales out there so you must be priced accordingly if you truly want to sell.

Good luck to you!

Tim
tfitzgerald@c21proteam.com
815-353-1901
0 votes Thank Flag Link Tue Jun 30, 2009
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