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Market Conditions in 60624 : Real Estate Advice

  • All20
  • Local Info2
  • Home Buying8
  • Home Selling1
  • Market Conditions0

Activity 176
Mon Apr 30, 2012
Sylvia Martinez-Johnson answered:
It really depends on the area and property. Do you have a specific property that you would like to compare. Give me a call when you have a chance to discuss. Thanks. 312-217-3237
0 votes 7 answers Share Flag
Sun Apr 22, 2012
Sohail Salahuddin answered:
Bertha,


This is a another Trulia property that is not listed. Could be a mistake in the actual address or a property that doesn't really exist for sale as there are many on Trulia.


Sohail A. Salahuddin | Broker Associate I Visionary
Innovative Property Consultants Team l Sales and Leasing
Jameson Sotheby’s International Realty
425 W. North Ave. | Chicago, IL 60610 

O: 312.929.1565 | C: 312.437.7799 | F: 847.805.6030
"Local Experts, Global Reach"
... more
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Sun Apr 15, 2012
Sohail Salahuddin answered:
Bertha,

Land contracts are an option however the main factor depends on the seller's reasons for selling, his ability to a land contract and your ability to get a loan in the future.


Sohail A. Salahuddin | Broker Associate I Visionary
Innovative Property Consultants Team l Sales and Leasing
Jameson Sotheby’s International Realty
425 W. North Ave. | Chicago, IL 60610 

O: 312.929.1565 | C: 312.437.7799 | F: 847.805.6030
"Local Experts, Global Reach"
... more
0 votes 2 answers Share Flag
Mon Apr 16, 2012
Jeff Stewart answered:
Hey Dan,

Although every home is different (making it impossible to say for certain until I get more information) the Rogers Park real estate market has declined substantially and, in my opinion, is still declining.

If you're curious of your home's value, I'd be happy to run a market analysis of the neighborhood which will show you exactly what kind of homes/condos are selling and at what prices. This is the best way to pinpoint your home's value.

I'm available right away so feel free to call or email me.

Jeff Stewart
REALTOR®, @properties
309-269-3499 CELL
jeffstewart@atproperties.com
... more
0 votes 5 answers Share Flag
Tue Mar 19, 2013
Lucid Realty Team answered:
Sat Dec 3, 2011
Philip Sencer answered:
Gentrification came to a screaming halt everywhere and it is not about to change for a number of years. Wicker has held up better than the others, but it depends on what you are referring to....condos/houses/2 flats to some degree. ... more
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Fri Dec 9, 2011
Matt Laricy answered:
The rentshave raised in the last few years. Its as simple as supply and demand. There is a high demand to rent, thus the price is raised I see rent prices being high for the next few years. The last quarter rents werent as popular, but then again it was fall and begining of winter season. We will see a spike again next season. As to median price, we would need to know how many bedromms, baths condo house, etc. I can tell you Wicker Park would be the highest price for these. ... more
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Thu Jul 13, 2017
Summerville-Payne MS Group Chicago answered:
There really is no "average". A lot depends on your condo association and their budget. Some associations keep the assesments low and then implement a special assesment for big repairs and improvements. Some keep them a bit higher and have plenty in reserves. The age of the building, or age of conversion also plays a role.
If your building is more than 20 years old or has not been recently converted, I would guess $200-$300 would be expected.
... more
0 votes 14 answers Share Flag
Wed Nov 16, 2011
Christopher Luzier answered:
I believe the way to do it is make sure you're signed in. From there, you should see your profile pic in the top right. If you hover the mouse over that you should see "My Listings" on a drop down menu. Click that and then on the left it will give you a link to your "Open Houses". Click on that and that will show you a calendar of all your open houses. From there you can "Add/Edit an Open House". I've never done it myself (don't do open houses much) but that's what I'd do if I were you. ... more
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Fri Nov 2, 2012
Wanda Monterrubio answered:
Hello Jeff,
The average market time for sold properties is 144 days in Galewood Chicago. Do you have a client that is looking to sell there?
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Thu Dec 1, 2011
Joe Schiller answered:
Residential, comercial, garage, SFR, Condo, new, rehab, union, non union, in reference to code variences as compared to Chicago, rural, city, tradesmen, general costs, what exactly are you trying to build..exactly. ... more
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Tue Aug 9, 2011
Accurate Inspections & Consulting answered:
At that location there should be things nearby that can be used as Comps. Try peeling away amenities or oddities about the property that make you think it so different that there are no Comps. Peel away the extras down to the basics of 'it is a 2 bedroom condo, 4 bedroom townhouse, etc. Then start adding in values for the extras. Your agent should be able to assist you in doing this.
Beyond that, people often say coming in 5-10% below list is Ok as a reasonable staring point. Write down the purchase cost based on various percentage deductions. How does each scenario work for your budget, what are your bottom line, comfortable level and maximum mortgage amounts. Value is important. However buying any home at a price you are comfortable with is even more important.
... more
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Mon May 30, 2011
Christopher Pagli answered:
Hi, real estate is a 24/7 business. You can achieve your financial goal if you have the proper resources and referral base. If you let anybody you already know and anybody you come in contact with know you are in real estate you can hopefully get some business right away. I would also meet with some agencies and discuss the current state of your market in Chicago. I live in NY and in my county alone we have about 8,000 agents so your success will also depend on your competition and if you can get your foot in the door to compete with them. Apartment rentals are a totally different ballgame then selling. you may consider meeting with an agency that does both so you can experiment. It's tough everywhere right now but if you keep the fighter attitude, strategically market yourself, and work smart you can do very well in this business.

Chris

Chris
... more
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Fri Jul 1, 2016
Philip Sencer answered:
Fri Jan 11, 2013
J answered:
Fri Mar 15, 2013
Gene Hacker answered:
If you are selling and buying it should be a wash regardless if prices increase or decrease.

Say you can sell for more a year from today...you would likely be paying more too for the house you are buying. ... more
0 votes 8 answers Share Flag
Thu Jul 25, 2013
NonRealtor answered:
You can look at Trulia's stats and trends (in the menu above) here is a link.

http://www.trulia.com/real_estate/60616-Chicago/

Wait another year to buy, prices are declining. From Trulia's data, It looks like you have about 15 months of inventory in this zip, normally you should have 6 months of inventory, so there is too many houses for sale, which means prices will drop. Good Luck ... more
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Sat Nov 6, 2010
Jordan Dalton asked:
0 votes 0 Answers Share Flag
Tue Nov 2, 2010
Ben Kastein and Bob Hudetz answered:
You posed so many great conversation starters but one issue I feel should be discussed is the local & state taxes imposed on property owners. Its the old "adage" when home taxes increase, be happy your home value has been the reason. In the past this was common but now that can't be further from the truth as we have all been seeing a tremendous depreciation for most areas. I live in and work in areas where home values have been decimated but taxes have not only remained extremely high but in many cases including my own home gone up. What should be happening is taxes should be going down, reflecting the 40% decline in home values since 2006. Its reckless and needs to be addressed at some level as those with homes are now picking up the tabs for all those foreclosed homes where taxes that have gone delinquent. ... more
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Tue Nov 2, 2010
Jack Lewitz answered:
You can go visit my website as it is all about Illinois Foreclosure market . You can log in look at active Short Sale and REO listings and look up closed sale of same properties in Illinois. If you ask me we are no where out of the woods when it comes to foreclosures in IL. ... more
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