Property Q&A in Crestwood>Question Details

Perfect Home, Home Buyer in Crestwood, IL

Should I sell or should I rent my home?

Asked by Perfect Home, Crestwood, IL Tue Jun 30, 2009

I've lived in my home for fifteen years(Crestwood). The property taxes are very low and there is about $85,000 of equity. I want to purchase another primary residence in Homewood but not sure if I should hold on to this property . I have found a foreclosure that I am interested in that has been on the market for four months. The property is "as is" no disclosures. It was foreclosure d on for nearly $ 400,000. The asking price is 199,000 down 30,000. I have not seen the condition of the interior but it sits in an ideal concluded area and the size suits my family from the details of the listed description. No offers have been made on it possibly due to the high taxes, private well and septic. I'm waiting to preview the home considering I can't make an offer for another 45 days or so. I'm not sure how life would be using well water and a septic tank. The home is about 12 years old.

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