chicago real estate market: REO and Pre-foreclosure properties are NOT goldmines in this market!!! - 10/03/07 03:32 PM
My phone has been ringing off the hook lately with buyers looking for a steal on bank owned REO properites.
I just have to say for my own sanity, that this simply is not going to be the case. 
Given the hit that the banks are taking on these properites, they will only slightly be under market value.  Based on the damage that the previous, disgruntled owner, has most likely imposed on the property.... the repairs can easily exceed any profit to be made in the investment sector.
Here near Chicago, the inventory is high... and for the most part, the prices are low, or at … (3 comments)

chicago real estate market: Seller's Beware | Don't shoot yourself in the foot by over-pricing your home! - 07/18/07 05:26 AM
This week I spent a couple of days with my clients Jennifer Bero and John Solano, looking for their new home in Addison.  I actually grew up in Addison, so going back to my old stomping grounds is ALWAYS fun for me!
I do have to say though, that I was so surprised by the range in what your money can buy these days.  Not just in Addison, but all over the map here in Chicago and the suburbs!
When I'm working with buyers, it's my job to point out the value in each house, ( and in some cases, the lack thereof)!  I … (3 comments)