Property Q&A in Bolingbrook>Question Details

Sgill_impact2, Home Buyer in Bolingbrook, IL

How much is the property worth and are they looking to sell?

Asked by Sgill_impact2, Bolingbrook, IL Wed Aug 3, 2011

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Most rentals will sell if you ask. It just depends, but it is worth asking.

This area is a hot bed for new foreclosure properties at half the price. Romeoville, Bolingbrook, Plainfield, Crest Hill - I have seen a lot of homes just a few years old that can be purchased for less with just a little shining up.

This is a nice home. If you would like some help with this, feel free to contact me. I am a buyer's broker primarily and would be happy to help. I would encourage you not to call the listing agent about this. It is difficult sometimes to be a dual agent and service both customers. The buyer never comes out on top. Some loyalty is always to the seller.

There is no cost to you to use your own broker.

Suzanne Hamilton
Independent Broker Owner
RE Marketing Consultants
0 votes Thank Flag Link Thu Aug 4, 2011
It's very hard to say for sure what the property is worth in this volatile market, especially without being inside of it, but my estimate based on nearby comparable properties is roughly between $220,000 and $250,000. Asking prices for similar homes go up to $280,000, but I don't see any recent sale history to support that price.

The property was purchased in 2005 for $275,000 and the owners were unable to sell it when they listed it in 2007. They lost the home to foreclosure, and the bank sold it to the current owner(s) in 2008 for $200,000. It doesn't look like they owe much on the home currently, if anything at all.

Are you still interested? If so, I will ask the listing agent for the rental whether the home owner is interested in selling the property.

Anthony Cavalea
Able Realty
Web Reference:
Web Reference:
0 votes Thank Flag Link Wed Aug 3, 2011
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