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Home Selling in 60302 : Real Estate Advice

  • All37
  • Local Info4
  • Home Buying13
  • Home Selling5
  • Market Conditions0

Activity 7
Fri Mar 23, 2012
Anthony Cavalea IV answered:
Mon Jan 17, 2011
Laurie Christofano answered:
Stephanie, without direct access to the multiple listing service, it will take quite a while to compile this information yourself. My team has sold over 30 homes in the Oak Park area this year, most of them in well under the average time frame. I would be happy to discuss the specifics of your situation to determine pricing and market time for your home. Please let me know if there's anything else I can do to help.
Laurie Christofano
The Pych Team
Re/Max In The Village
630.248.1976 direct
... more
0 votes 11 answers Share Flag
Thu Oct 15, 2009
Laurie Christofano answered:

If you're not motivated and in a hurry to sell, it's probably not worth wasting your time and effort to keep the condo in showing condition... There are 341 condos currently active on the MLS in Oak Park, and only the ones that buyers perceive as bargains are being snatched up. Prices are down 10-20% from where they were at the peak in 2005-06, and buyers are very savvy on this fact.

The vast majority of buyers are working with their own agent, and that agent may or may not know to search the "for sale by owner" listings.

Market time (days on market, DOM) has less importance today than it had in the past... the average market time for condos in Oak Park is currently 209 days. There are many reasons for this high average including being overpriced, poor showing condition, and lack of exposure/marketing. The Pych Team at RE/MAX in the Village has an average condo market time for 2008-2009 of about 90 days, well under the area average.

For a no cost, no obligation comprehensive market analysis and details of our marketing plan, contact us via the website below. The Pych Team, "Your #1 Pick!" No one will work harder for you.

Laurie & Kyra, The Pych Team
RE/MAX In The Village, Realtors
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0 votes 1 answer Share Flag
Sun Feb 1, 2009
Stan Rosenber answered:
We have a house for sale in the NW corner of Oak Park. Just listed. Would maybe consider right situation. Is immediately available. House has 4+ bedrooms and asking around $800, 000 for sale. Spectacular house. Call if very serious. Stan.708-267-3129. ... more
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Tue Apr 1, 2014
Zoraida Matos answered:
I dont think it's a disadvantage in some situations it might be relatives or close friends and you are being used to handle contract and save them both on commission... but they have already agreed to what the price is.....

I think that the buyer and the seller just never know if confidential info is released and like whats the lowest the seller is willing to accept.......
and god forbid the buyer gets very close to that # .... I think its only natural for the seller to think that the agent told the buyer and they probably didn't......
... more
0 votes 36 answers Share Flag
Fri Mar 21, 2008
Steve Ostrom answered:
Honestly, like selling any product, image does matter. Mention granite counter tops and many people do get a little excited. I do agree with you the big ticket items are important to have in working order, if not new (roof, A/C, heater). The guts and workings of a home are indeed important and vital in calculating the worth of the home (status of the home, quality of the workmanship, major items in working/good condition, etc). If not that person has never had to replace one of these items and see the bill.

There are definitely tag terms which appeal to people these days that hold high "emotional" value to people like "granite counter tops." People want to feel like they have an upscale, updated, customized home and often don't realize how great it is to have a NEW a/c unit and what it translates into an actual monetary amount within the home until an agent explains it to them.

Was it an agent or neighbor that made this comment? I am not sure if this applies, but unfortunately not everyone has the gift of delivering comments or critiques well, but if it was indeed an agent that knows the inventory well in your area, there may be some reason to their thought and might be something to consider. BUT if you have had support in the positive of your pricing, in the majority, listen to them. Don't let the negative feedback resonate and keep with you.

Good luck with your pricing and listing.
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0 votes 17 answers Share Flag
Mon Aug 13, 2007
Carrie Crowell answered:
You have to get the exposure. I would hold an event at the house for agents. Either have a semi-social event, or mix it with an educational event. The more people attend the more the home will get talked about. I would even make sure it got some publicity, either before, or after the event. You may want to consider what kind of people would live in that house an hold an open house event catered to that crowd with personal invitations to many influential people. Be creative it could be lots of fun. If it is an old house, you might post in on a historical site etc. Let the home help you sell it. ... more
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