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Market Conditions in Elmhurst : Real Estate Advice

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  • Local Info2
  • Home Buying14
  • Home Selling0
  • Market Conditions2

Activity 4
Sari Levy, Real Estate Pro in Addison, IL
Sat Mar 8, 2014
Sari Levy answered:
Hi Jane.

Did you have a specific question that we could answer about the property?

Sari Levy
Managing Broker
Lucid Realty
0 votes 1 answer Share Flag
Akhayyanb, Home Buyer in Park Ridge, IL
Sat Aug 17, 2013
Akhayyanb asked:
This question was asked from
0 votes 0 Answers Share Flag
Anne Thompson, Real Estate Pro in Elmhurst, IL
Thu May 3, 2012
Anne Thompson answered:
There is still a demand for Rent to Own and every now and then I actually see a listing that offers a rent to own situation. But the transaction is so complicated that I have never actually seen one that worked out. The buyers may assume that they are going to be able to save up a sizable downpayment instead of throwing all that rent away but usually, the amount of their rent that goes toward the down payment is very small and having to lock into a purchase price today for a sale that won't happen for a couple of years is very risky business. If anyone knows of a good formula to actually get these deals to work out in a win/win result, please let me know! ... more
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Mary Bremer, Real Estate Pro in WHEATON, IL
Fri Apr 13, 2012
Mary Bremer answered:
Olivia - It is all the above and more - or it simply could be that the owners are upside down on their home (where the mortgage balance is higher than what the house is worth), and they need to move because of their job, or they need a bigger house because their family has grown etc.

So many reasons.......
... more
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Market Conditions in Elmhurst Zip Codes