You said," One condo"does not allow rental, so I guess you should consider switching until one sells so that you can at least rent the rentable property. An agent in Naples and have not seen condo docs that absolutely prohibit a rental. Perhaps you could call a board member or attend the next meeting and get some clarification?
Good luck to you.
I'd be happy to help you look at the competition as well as meet you to see if we could work together to sell your places.
Baird & Warner
Yes, the Downers Grove condo market is SATURATED. I did an MLS search of attached homes and excluded Townhomes. I came up with 205 listings total, as cheap as 43K for a 2 bedroom 1 bath for a 55+ building.
Excluding adult communities, I see 179 listings total. With there being so much competition, you need to have a low price and/or really stand out.
You need to align yourself with a full time, full service Realtor who can get creative for you. Back in the 80's and 90's we had to do creative selling similar to your situation to get things sold when the interest rates were over 10%. Most of this intricate knowledge of putting this "business deal" together has been lost with older agents retiring. Since it means constructing and orchestrating an entire transaction, it is almost impossible to explain to a novice.
We just really need to get it sold. Is Downers Grove condo market really that bad?
Eli Givoni, Director
Short Sale Department, LLC
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The condo market in Downers Grove is tough right now, and has definitely been harder hit than the single-family portion of the market. You may want to consider an updated comparative market analysis for both units so you can be confident both are priced for the current market. It changes so rapidly these days.
Broker Associate - Baird & Warner Downers Grove