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Market Conditions in Joliet : Real Estate Advice

  • All136
  • Local Info13
  • Home Buying38
  • Home Selling7
  • Market Conditions7

Activity 9
Fri Apr 21, 2017
Jeff answered:
The property is in Joliet, but would feed into Plainfield Central HS.
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Fri Apr 21, 2017
Tom answered:
what is the average cost per square foot to lease warehouse space in Blairstown, NJ
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Sat Nov 9, 2013
answered:
slrg66: Ironic that you ask this question, as I just wrote a blog on this very topic today. Especially if you are a first-time buyer .. or have suffered through a Short Sale or Foreclosure ... the more time you allow yourself prior to starting a home search, the better. I would suggest as much as one year ahead of that search or action. That allows me ample time to help improve credit scores, address credit issues, establish credit (if needed), provide guidance regarding Down Payment/Savings, and more. Best to inquire well in advance and have more than enough time, than wait too long and be under stress when you hope to buy.
Should you have questions, please feel free to contact me. I'd love to earn your business ...
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Tue Oct 8, 2013
Unspecified asked:
This question was asked from http://www.trulia.com/property/3122981506-2678-Crescenzo-Dr-Joliet-IL-60436
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Tue Apr 23, 2013
Alison Hillman answered:
Hi there-

Take a look at the local listings on Trulia: http://www.trulia.com/real_estate/Joliet-Illinois/schools/

Ali, community manager
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Thu Mar 28, 2013
Suzanne MacDowell answered:
There are any number of reasons a home may have what looks like a low asking price. The home may be in poor condition and need work to make it truly livable again, or it may need some significant updating. It may be this home is a short sale or a foreclosure, both of which generally are sold at a discount. Or this may be a home that is in the pre-foreclosure state and it may have been posted by a service that publishes the addresses of these properties whether or not they are being offered for sale by the bank or the owner and the asking price may not be an asking price at all, but the amount of a lien on the property.

If you are interested in purchasing a home, at any price, the smartest thing you can do is find a good realtor to work with. They will be able to answer all your questions on every property, or at least know where to find the answers.

Good Luck!
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Tue Mar 26, 2013
Michael Sims answered:
When I hear someone use the term "flip" for a real estate investment it makes me wonder how well versed the person is regarding real estate investing. The term flip suggests fast quick money to be made by buying low and selling high in a relatively short period of time. The problem exists when investors have unrealistic expectations of time involved or potential profit. REAL ESTATE IS NOT A LIQUID INVESTMENT. The stock market is a liquid investment. You put money in, sell and take money out. In a real estate transaction you have to purchase the property which takes 30 to 60 days from the time of contract acceptance, then you have to fix it up, which can take 2 to 26 weeks. Then you have to sell it. That can take up to 90 days to get a contract then another 30 to 60 to close the deal. So total, you could be looking at 13 months for a "quick" turn around. I am not an accountant, but I think the short term capital gains laws have changed in 2013 and should be considered also before jumping into any real estate market.

If you intention is to buy low, fix and rent, then now is a very good time to do this in Joliet. The prices are low enough to support rents, vacancies and repairs and still walk away with a dollar or two.
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Wed Feb 9, 2011
Suzanne Hamilton answered:
No, this home is closed. Sorry, sometimes agents don't take their listings off of Trulia when sold. The MLS and a buyer's agent is the only real accurate way to find homes on the market and get all the information you need.

There are a lot of deals on homes in the Crest Hill and Joliet area though. If you are looking for similar homes, you have plenty more to choose from. I work in this area all the time and would be happy to email you some good deals. Just email or call me - my contact information is below. And remember, there is no cost to you to use a buyer's broker - the seller pays and you get the benefit of time, expertise and experience FREE.

Suzanne Hamilton
Broker Owner
RE Marketing Consultants, Inc.
888-788-9544
suzanne@remarketingconsultants.com
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