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Market Conditions in Joliet : Real Estate Advice

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

Activity 5
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!
... more
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Fri Apr 21, 2017
Gene Mundt answered:
Mike:
I'd recommend calling Dave Hufford at Karges Real Estate in Joliet. He's worked in this real estate specialty with a large number of people. Dave's number is: 815.483.7634. If I can be of assistance with other referrals or in any other manner, please let me know.
Best of luck to you,
Gene
... more
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Wed Feb 9, 2011
Laura Karambelas answered:
Hi Melesa-

The home is under contract and is contingent upon financing. The contract was accepted 1/7/11.

I hope this helps!
0 votes 5 answers Share Flag
Tue Mar 26, 2013
Sara Provost answered:
I wouldn't eliminate the idea entirely. But I would suggest that you be VERY picky about what and where you rehab. Location, Location, Location is particularly important in this market. It's no secret that the market is tipped in favor of buyers. There are a lot of homes available for sale and market times are longer than we've seen in years. However, houses that are priced right and in a desirable location are still selling. My advice is to speak with a local Joliet Realtor (I don't work in that area but would be happy to refer you to someone) about market conditions, what areas are selling and what price ranges are selling. With that information in hand, search for a house to flip. Be choosy about location, floor plan, yard etc. And be realistic about how much you can afford to put into the house, how much work is required to make it desirable for buyers (buyers are very savvy and shy away from shoddy rehabs) and how long you can afford to hold the property. ... more
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