Friday, October 30, 2009

For Sale in Old Town of Western Springs


This home is up for sale for $899. It sold for $1,130,000 in 2007. It has 4 br, 5 1/2 baths and 4 fpl. It is listed with the MLS. It is not my listing but I would be more than happy to show it to you and represent you as a buyer's agent. There are some very nice buys out there.
Linda Hanley Kelly, Charles Rutenberg Realty, 708-334-5356

8 comments:

  1. Wow, another "new listing". Is this the third new listing for this home in the last 10 months? IMO, home owners should be wary of a listing agent who suggests a high valuation. You are looking at months of price decreases and "new listings" until the realistic price is reached.

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  2. I have been doing this for over 30 years and I know that what you are saying happens, but on the other side of the story we, as realtors, we not be doing our job if we only listed homes low and sold them right away. There has never been a time like this where houses bought in the last few years are selling for less than the owner paid. Unrealistic as it may seem sellers need to know that they got the best price possible for their home. Since real estate is not an exact science there will always be listings that don't sell for what they start at. The reasons they start too high are many ranging from misinformation, changing markets, lack of motivation to sell, greed, the need to be sure you are not leaving anything on the table, etc. However, starting too high often gets the seller less in the end. Linda

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  3. True. However, for a listing agent, the key step is obtaining the listing. In town, there seem to be some agents who "buy" the listing.....estimating the value of your home higher than others. IMO, a home owner needs to be skeptical of these high estimates....or else price decreases and "new listings" will follow...as the house sits on the market.

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  4. Anyone interested in a large "newish" house might want to check this one out. Price reduced to $850,000. We went through it when it was first listed 10 months ago at a much higher price. Priced too high then...but huge drop in price over the last few months. Seems reasonable at current market.....

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  5. The one that was listed for $850 on Hampton is under contract. Buyers did see it as a fair price.

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  6. Interesting. I don't remember a house on Hampton in the 850,000 range. What is the address...i must have missed it.

    BTW, the reed house has an empty lot next to it on the East. The owners of the house to the East bought the lot and do not plan to build on it. Nice for the new owners of the Reed house.

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  7. The one on Hampton was 3962-list price $850.

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  8. Thanks. Very familiar with the house. I agree,the house sure does seems to have been priced right. Somewhere in the neighborhood of 2004 prices seems to be where we are toward the end of 2009. Here's hoping we can stay flat until spring.

    Sure seems like the house you posted should sell at the new 850 price. Hope so.

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