Is it a good time to buy a property in the 60617,60649 ,60619 and 60615 nieghborhoods?

Asked by Grace Awolola, Chicago, IL Sat Nov 28, 2009

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Wayne Beals, Agent, Chicago, IL
Sat Nov 28, 2009
Agreed with Al.

Some of my investors have had good success with flips recently in South Shore.

Hyde Park is a great place to live, and prices have held very stable. In Hyde Park, there are very few foreclosures and a stong pool of buyers. Prices have moderated and it's a great time to buy here.

The answer to your question is generally yes, it's a very good time to buy.

Best of Luck

Keller Williams Chicago Consulting Group
716 East 47th Street
312-77BEALS
312-772-3257
wbeals@kw.com
0 votes
Alvin Dobbs, Agent, Waukegan, IL
Sat Nov 28, 2009
Depends on what type of situation you are looking for. Because all of the neighborhoods that you mentioned are down--this may be a good time to buy a house with an expectation that the values will rise over the next few years. If you are looking to buy and flip--then look at the 60617,60649, 60619-should be able to pick up a foreclosure or a short sale. Looking at a buy and hold; 60615 area have good homes and over time they should hold value-plus the President has his home nearby. So good place to pick up a deal for the right price. Good luck.

Al Dobbs
addrealty@aol.com
224-365-4201
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