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illinois: REOs vs. Foreclosures which one provides a better property investment? Chicago | Illinois - 01/17/10 07:34 PM
REOs vs. Foreclosures which one provides a better property investment? Chicago | Illinois
It’s probably not a week that goes by that I hear this question asked from either new real estate investors or home buyers looking to get the best deal. Unfortunately in this economy there is a surplus of both REOs (Real Estate Owned) and Foreclosures. In September alone there were over 8,000 homes which went into Foreclosure in the Chicago metro area alone.
In my experience some Foreclosures can be bought at a drastically low price, however if one doesn’t do their homework the ones that look like … (0 comments)
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illinois: Should I hire a Property Management Company for my rental property? | Chicago, Illinois - 01/16/10 08:51 PM
Should I hire a Property Management Company for my rental property? | Chicago, Illinois
It can be common for new landlords or real estate investors to see past some of the many issues they can face in renting out their property or home. If it was just a matter of collecting rent, and maybe the occasional repair here and there, then taking on this management task alone wouldn’t be so bad. However, when you throw in the realistic possibilities of not always getting that perfect tenant, dealing with complaints, worrying about compliance, collecting timely payments, enforcing policy, proper eviction procedures, advertising … (3 comments)
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illinois: Joliet Illinois Real Estate Market before buying selling a home - 01/14/10 08:39 PM
With so many questions about the economy and the overall market, its very important to be knowledgeable before making any purchase or sell in real estate. So how does the Joliet IL real estate market look these days? Currently Joliet has a average listing price for homes for sale of $162,728. The Will county average currently is $324,580. The current number of properties on the market in Joliet is 651. The Joliet median listing price is $154,917. For Will county real estate the total listings are 5,170 and a median listing price of $248,450. This compares to Illinois real estate … (0 comments)
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