Location And Value
One of the most important factors that affect the value of property is obviously location. Wise investment philosophy suggests that you invest in a sound property in a more modest area that will increase in value in the future. Buying into an area that is being gentrified, or that is otherwise coming back, is one way to do this.
Timing is everything, however! Most investors don't want to risk too much by being a pioneer, but want to get involved early enough so that there is still considerable room for appreciation in value. Being a pioneer is fine if you are a risk-taker with a lot of patience and cash is not the primary issue. Otherwise, it is safer to buy into an area after the restoration trend is unmistakably established.
Neighborhoods that are ripe for restoration have some common characteristics. They are next to a prestigious area or in a good walk-to-work location and have houses that are basically in good condition or "fixer-uppers" with realistic price tags.
Do These Real Estate Tips Really Apply to YOU?
We've learned these tips through years of experience as top REALTORS®. But we know that YOUR situation might be different. That's why we're here.
Appraisals have been a difficult topic in a down real estate market. Remember we need to sell your house to 3 people: the buyer, their realtor, and most importantly the appraiser. Recently, after selling a glenview home, I met an appraiser at the property. This gentleman was from Romeoville, IL. He was not from the area, did not know our local market, and in my opinion had no business attempting to appraise this home. The Marla Schneider Team is very experienced in dealing with an issue such as this. Under this circumstance we need to do the appraisers job for him. When we meet him at the property, we provide him with current comparable sales, and actives that will justify the sale price. Many transactions in the Northshore of Chicago have fallen apart due to low appraisals. I can confidently say that we have never had a deal fall through due to an appraisal. Experience and knowledge is why we are the best.
It's our job to personally advise homebuyers and sellers. Ask us if any tip that we've included here really applies to your situation.
We specialize in Glenview homes for sale, Northbrook homes for sale, Wilmette homes for sale, Winnetka homes for sale, Wheeling homes for sale, Skokie homes for sale, Morton Grove homes for sale, Mount Prospect homes for sale, Prospect Heights homes for sale, Highland Park homes for sale, Lake Forest homes for sale, Deerfield homes for sale, and Arlington Heights homes for sale.
Do any of these tips raise questions for you? Didn't find what you're looking for? Let us know! We am happy to answer ANY questions. It's our job! There's no obligation, and we promise to get back to you quickly...