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Home Selling in Northbrook : Real Estate Advice

  • All51
  • Local Info1
  • Home Buying16
  • Home Selling4
  • Market Conditions2

Activity 10
Tue Oct 25, 2016
Syedh answered:
Mon Jun 27, 2016
Bob Brandt answered:
Generally by comparison to similar properties that have recently closed, with the proper adjustments made for the notable differences.
0 votes 1 answer Share Flag
Wed Apr 1, 2015
Suzanne MacDowell answered:
Trulia only permits for sale listings to be posted by real estate professionals. If you want your home to appear here you will have to find an agent or broker to work with.
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Wed Jan 22, 2014
walt answered:
Totally depends on pricing. Start with the Market value of a vacant buildable lot then deduct the cost of demolition and removal. (can be expensive if asbestos is involved)
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Thu Nov 14, 2013
Foresman Lee answered:
Home values are increasing, but if you have good tenants, it makes sense to keep renting to them. The market improvement will take several years--if you hold on to your house a bit longer, it will probably be worth more than if you tried to sell it now. ... more
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Wed Jan 12, 2011
Dayle Lively answered:
Hello,

This is a good time to invest in a foreclosure--lots of properties to choose from and low interest rates. You'll probably also be able to find good prices on building materials in this economy. However, close proximity to a major highway--or even a very busy street eliminates a large pool of buyers from the beginning of their search. I had a listing in the Williamsburg subdivision in east Northbrook a few years ago. It's an interesting area near Northbrook Court. The houses are mainly 4-5 bedrooms with good floor plans; some have been more updated than others. However, because part of this subdivision is bordered by the expressway, location within the complex seriously impacts the desirability of the homes. The listing I had was in one of the quietest parts of the complex far from the highway--it was nicely updated and sold with multiple offers for full price (hotter market, of course), but owners of homes near the highway were prepared to sell for substantially less.

Therefore, given the large inventory of homes, I'd advise you to find a foreclosure in a better location and eliminate one major selling obstacle off the bat. Remember, buyers today can afford to be very picky since the inverntory levels are still very high. Do a consistently high quality job of renovating throughout the house and you'll set yourself up for success. Let me know if you'd like some tips regarding the renovation that would attract buyers.

Good luck!

Best regards,

Dayle Lively
Baird & Warner
847-507-8832
... more
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Fri Jul 9, 2010
Mmc answered:
Thank you so much for all of your input. I think our best bet is to hold onto our property and hopefully be able to build an addition or build a new home. I've been hearing so much lately of "trade-in's" with certain builders and this concept intrigued me. However, if any of you in the future should run into a builder looking for a tear down on a 1/2 acre Northbrook property, please keep me in mind! I appreciate your professional feedback and will definitely keep you in mind should something arise. Thanks again, Mmc ... more
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Fri Jul 9, 2010
EdithKaroline Jasser YourRealtor4Life answered:
Hi Seller 03,
I doubt there is actual real data for you..... but I can provide you with a few thoughts based on experiences with buyers....
Large luxury homes and estates with a lovely view and a beautiful indoor or outdoor pool are not a problem, then it just becomes the personal preference of the next buyer....

When looking at an average home..... maintenance, cost of maintenance, insurance and liability and often
couples with young children tend to prefer not to have a pool, not all of them but many..... So in general terms
all my buyers in the past looking in the Northshore, unless they were looking for a luxury estate or luxury home, preferred not to have a pool.... There is really no way to give you some statistically correct response.
In other words, only for a few buyers would a pool be an advantage they are ready to put in the extra efforts, expenses and care.

If I come across some additional data and information I will get back to you and pass it on.

If you need any further questions answered or would like to have a look at some properties in the NBK and surrounding suburbs that had outdoor pools let us know and we would love to provide you with that addtional information.
Sincerely yours,
Your Chicago and Northshore Expert - YourRealtor4Life
... more
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