mailman7
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AREEBA AREEBA
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« Reply #80 on: March 12, 2010, 10:57:28 AM » |
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We had short periods where there were increases. As you may have, or may have not noticed, my posts every Friday. I said they bottomed and they did. I called it a u shaped up and down recovery. It will take time. We have to get rid of these foreclosures. I am reporting the facts of what the market is doing. Again.......we came down quickly from 250k and have stopped at the 140-150 range. It has been there for almost a year. That is a bottom. Here is the reason again. Everyone does not want a foreclosure. The regular market can handle 140-150k with no problem. That mortgage, with taxes is in the neighborhood of 1200 per month. Comparable rents are at 800-900. 620 credit gets you in the house. This administration has shown it will stop at nothing to keep real estate going. My guess is you will see another incentive after this one expires. Investors are paying on the average up to 80k on foreclosures. Some of those have sold over 220k. Prior to the bottom.......April 1, 2009. Nothing simular to this was happening. If you want a true evaluation of your home, give me a call. I will be right over.  Mr. La, We have a freind who lives in North Berwyn and they live on Grove. Do you have a home for sale on Grove in that area? I'm curious what the asking price is? |
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tony la
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« Reply #81 on: March 12, 2010, 12:52:32 PM » |
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what hundred is it located on grove
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Tony LaMonica Broker 1998 Hall Of Fame
RE/MAX PARTNERS
Berwyn, Illinois 60402
WWW.TONYLA.NET
WWW.RE/MAX.COM
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mailman7
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« Reply #82 on: March 15, 2010, 01:52:57 PM » |
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what hundred is it located on grove
It would be like 1640 or possibly higher, but it's on that block. I'm curious to know what the price is and how long that home has been for sale. Oh and how many bedrooms does it have? |
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« Last Edit: March 15, 2010, 01:55:41 PM by mailman7 »
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tony la
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« Reply #83 on: March 15, 2010, 08:15:53 PM » |
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This home has been 379,900 for about 7 days. It is a fine home that got caught in the downward spiral of pricing in this market. It started at a much higher price last year. It is an exceptional home. It has better than 2800 square feet. It takes up a full 50x125 lot, and I can tell you this home is all quality from top to bottom. 2.5 car attached garage. Premium Gold Coast corner lot. New roof. Marble glamour bath with jacuzzi tub and massive shower big enough for 3 or more people. One of a kind bar that would be the envy of any night club, in any city. In ground sprinklers, custom mahogany doors featuring leaded glass. Custom marble flooring on both the main level and the full finished basement. Top of the line mirrors thruout. Stone fireplace to die for. It truly must be seen.
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« Last Edit: March 15, 2010, 08:22:46 PM by tony la »
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Tony LaMonica Broker 1998 Hall Of Fame
RE/MAX PARTNERS
Berwyn, Illinois 60402
WWW.TONYLA.NET
WWW.RE/MAX.COM
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tony la
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« Reply #84 on: March 15, 2010, 08:24:18 PM » |
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Glamour bath
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Tony LaMonica Broker 1998 Hall Of Fame
RE/MAX PARTNERS
Berwyn, Illinois 60402
WWW.TONYLA.NET
WWW.RE/MAX.COM
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Berwynite
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« Reply #85 on: March 15, 2010, 09:17:35 PM » |
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Can you tell us where it is at?
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n01_important
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« Reply #86 on: March 15, 2010, 09:37:11 PM » |
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$379k?!? I was almost ready to buy kuz I thought it was reasonable priced at $37.9k.  |
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“Debt is the slavery of the free”
Publilius Syrus (1 BC)
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tony la
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« Reply #87 on: March 15, 2010, 09:45:23 PM » |
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1648 s. Grove.....corner of 18th and Grove
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Tony LaMonica Broker 1998 Hall Of Fame
RE/MAX PARTNERS
Berwyn, Illinois 60402
WWW.TONYLA.NET
WWW.RE/MAX.COM
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Nazerac
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« Reply #88 on: March 15, 2010, 10:26:03 PM » |
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You can't miss it. It is the one with the Halloween, Thanksgiving, and Christmas decorations.
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mailman7
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« Reply #89 on: March 16, 2010, 05:44:48 PM » |
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Sounds like a great house. How many bedrooms do you get for that price and how long has it been for sale? I'm also curious what the original asking price was when it first went on the market.
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« Last Edit: March 16, 2010, 05:48:23 PM by mailman7 »
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tony la
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« Reply #90 on: March 16, 2010, 11:03:59 PM » |
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it is a great house.....it has three bedrooms. it started at a higher price but like every house the prices came down. very few homes like this one
Do your abrasive history with me, please consult with your realtor with your questions
v
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Tony LaMonica Broker 1998 Hall Of Fame
RE/MAX PARTNERS
Berwyn, Illinois 60402
WWW.TONYLA.NET
WWW.RE/MAX.COM
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mailman7
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« Reply #91 on: March 18, 2010, 12:57:41 PM » |
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it is a great house.....it has three bedrooms. it started at a higher price but like every house the prices came down. very few homes like this one
Do your abrasive history with me, please consult with your realtor with your questions
v
I appreciate your suggestion and I called an agent and she said that the house sold back in April of 2006 for $270,000. Now since the average values have decreased so much over the past few years the home came back on the market with you and it started with an asking price of $446,000 back in September of 2008. It's been on the market now for 533 days. She also said it's a 2 bedroom and not a 3 bedroom. |
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tony la
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« Reply #92 on: March 18, 2010, 04:49:47 PM » |
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It has been on the market for about 10 days at 379k. if you are interested in buying it have your agent call to set an appointment.......it is easy to show.. By the way there is also an open house scheduled for Sunday March 28. Kill your curiosity,  and come see it from 12-3 |
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Tony LaMonica Broker 1998 Hall Of Fame
RE/MAX PARTNERS
Berwyn, Illinois 60402
WWW.TONYLA.NET
WWW.RE/MAX.COM
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mailman7
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« Reply #93 on: March 24, 2010, 10:03:39 AM » |
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Why would I need to see? I or anyone does not need to be a Real Estate expert to see how ridiculous this price is. A 2 bedroom home on 16th & Grove for $379,000? More than 533 days on the market says it all. Is anyone else smoking what Mr. La is?  ?? |
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OakParkSpartan
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« Reply #94 on: March 24, 2010, 10:45:13 AM » |
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Why would I need to see? I or anyone does not need to be a Real Estate expert to see how ridiculous this price is. A 2 bedroom home on 16th & Grove for $379,000? More than 533 days on the market says it all. Is anyone else smoking what Mr. La is? ?? Knock it off Mailman. |
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mailman7
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« Reply #95 on: March 24, 2010, 11:02:52 AM » |
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Why would I need to see? I or anyone does not need to be a Real Estate expert to see how ridiculous this price is. A 2 bedroom home on 16th & Grove for $379,000? More than 533 days on the market says it all. Is anyone else smoking what Mr. La is? ?? Knock it off Mailman. I'm sorry. I was out of line and I over reacted after Mr. La offered to have us invite him over to give us a true value of our home, then mislead us about information on a home that I inquired about. I apologize. |
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« Last Edit: March 24, 2010, 11:07:33 AM by mailman7 »
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Rt. 66
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« Reply #96 on: March 24, 2010, 11:19:13 AM » |
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Why would I need to see? I or anyone does not need to be a Real Estate expert to see how ridiculous this price is. A 2 bedroom home on 16th & Grove for $379,000? More than 533 days on the market says it all.
I agree. btw, is there a room in that house that doesn't have tile? |
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"citizens of IL, living under the thumb of a bipartisan combine that offers totally useless candidates to create the illusion of choice for voters while never actually threatening the status quo" -Deacon Jim Miller
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Nazerac
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« Reply #97 on: March 24, 2010, 11:48:13 AM » |
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Why would I need to see? I or anyone does not need to be a Real Estate expert to see how ridiculous this price is. A 2 bedroom home on 16th & Grove for $379,000? More than 533 days on the market says it all.
I agree. btw, is there a room in that house that doesn't have tile? Come on, we all know that you're intrigued by that shower that holds "3 or more people." |
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n01_important
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« Reply #98 on: April 09, 2010, 03:54:55 PM » |
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We went from flipping... to "flopping". Although the article doesn't mention it, US taxpayers own various mortgages via Fed, Citibank, AIG, Fannie, Freddie, etc.. 'Flopping' cheats us too. Short-sale risk: 'property flopping'Industry groups representing appraisers say the Obama administration's short-sale incentive program lacks safeguards to prevent mortgage fraud, including so-called "property flopping" schemes in which real estate agents help investors obtain distressed properties at deflated prices. In a letter to Treasury Secretary Timothy Geithner, four groups representing appraisers, including the Appraisal Institute and the American Society of Appraisers, urged the Obama administration to prohibit the use of broker price opinions (BPOs) when valuing properties eligible for the Home Affordable Foreclosures Alternatives (HAFA) short-sale incentive program. "Generally speaking, real estate agents and brokers are not independent or properly trained valuation specialists," the groups said. "They have an inherent bias toward quick results and action, which produces a fee for themselves irrespective of whether the lender ... gets a fair return on the short sale." The rest of the story... http://www.inman.com/news/2010/03/9/short-sale-risk-property-flopping |
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“Debt is the slavery of the free”
Publilius Syrus (1 BC)
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