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Foreclosed and Bank owned more and more...Lake Zurich Homes

Commercial Real Estate Agent with Premier Commercial Realty

Foreclosed and Bank owned more and more...Lake Zurich Homes we see these continue to surface despite what some press reports as an improving housing environment. I met a couple over the weekend that has been driving around viewing homes from the street, walking around the exterior, trying to find the best home to start their investment flipping business. It appears they are settling on a condo in another town...price driven? Mabye, yet when we discussed the advantages of single family vs condo/town house investing, its like they didnt hear. They had made up their minds. Yet, stats show that good neighborhoods are critical to the overall value of the property. So what do you do when your condo neighbor or neighbors decide to let the place go to auction, or decides to bring in a friend to share the expense and they like loud music, or the building goes into default for failure to have enough dues paying owners into the home owners fund? Sure there are similar concerns with single family, yet, you have more control. There are many good solid homes for sale, good values, and many bank owned, that could make outstanding projects for the flippers. Consider all the facts before making a purchase and this is where your local full-time Agent can help, so hire one today, and have them do the research so you make a smart decision.  

Posted by

Joe Heffernan

Premier Commercial Realty

(847) 302-5550 cell

(847) 854-2300 x18 office