North And Northwest of Chicago Real Estate : Illinois: Mount Prospect

Mount Prospect Real Estate Accepted Offers

What will the seller accept in Mount Prospect for their home?

Yes we can send a low ball offer!
this is an offer that would be way below listing price. I have sent some low balls knowing the outcome and showing the buyers that even they wouldn't get a 30% discount of the current list price. 

A few months ago an average accepted offer for an REO (foreclosed property) was 7% to a listing price. That is a national number that banks are accepting.

Most of the properties on the market are priced to sell. Someone made a comparable market analysis before the home went on the market.

On this image below, we can see what was accepted in Mount Prospect, IL to the original listing price.

Traditional home sales, REO and Short Sales were sold for 10% less than the original sales price in Mount Prospect.
I mentioned original listing price a few times, so we do not get confused to the current listing price. Property may change the price but the percentage shown here is to the first price.

 

Mount Prospect Real Estate Trends 2012

 

 

As you see illustrated here, Short Sales in Mount Prospect are sold for a bit less than tradional sale and REO to the listing price.

 

Can you send a low offer? Of course you can, but ...... will they really discount that deep?

 

The national avarage is 7% of the listing price. 

 

Visit and choose to subscribe to my North Of Chicago real estate and other stuff blog for real estate market updates of Mount Prospect, IL and other neighboring communities.

 

Contact me for any real estate needs in Chicago's North And Northwest suburbs.
Mount Prospect Real Estate on Homes By Haris.

 Haris Dedic, Realtor®, SFR, SRES

With RE/MAX Villager

Bookmark and Share

Haris's North Of Chicago's Real Estate Blog Haris On Twitter Facebook Social Media Icon

www.HomesByHaris.com   MLS HOME SEARCH  www.NorthOfChicago.com  


 

Comment balloon 0 commentsHaris Dedic • December 22 2012 12:10PM
Mount Prospect Real Estate Accepted Offers
share
What will the seller accept in Mount Prospect for their home? Yes we can send a low ball offer! this is an offer that would be way below listing price. I have sent some low balls knowing the outcome and showing the buyers that even they wouldn… more
Mount Prospect Real Estate Broker Web Results
share
My Mount Prospect real estate website www. HomesByHaris. com is on page one on Google, Bing and Yahoo. With the term "Mount Prospect real estate" we can see on the image bellow the result. As we all know, it's not easy; especially… more
Mount Prospect Real Estate Trends July 2012
share
On the tables below, we see the number of available homes on the market in the past three years by their sales type. Inventory is slightly smaller in 2010 compared to 2012 As of July 2012 we have 243 traditional homes on the market, 28 REO… more
This home is sold and that one is under contract..
share
In the past I used this sentence more than ones: "This home is sold and that one is under contract. " If you are waiting for a deal that will not exceed X amount of money in that particular subdivision or a condominium building… more
Mount Prospect Short Sale Resource
share
After a few successful short sales, I decided to go a step further and get certified, to be a better resource for my clients. There are no equal samples to give. All of them are different: different banks, different type of home, different… more
Mount Prospect Real Estate Trends 2011
share
Mount Prospect Real Estate Trends 2011 On my NorthOfChicago. com real estate blog we can find different types of market analysis for Mount Prospect, IL and other areas in Chicago northwest suburbs. This particular chart below is showing… more
Mount Prospect Home Sale - Traditional, REO and Short Sale Numbers
share
Mount Prospect Home Sale - Traditional, REO and Short Sale Numbers Two snapshots below are showing real estate trends for the past 3 years in Mount Prospect, IL and are comparing sold properties by the type of sale. The first chart is… more
Your Mount Prospect Real Estate Blogger Page Ranking
share
Your Mount Prospect Real Estate Blogger Being addicted to learning about SEO is not that bad. You get some more calls and consequently more business. The bad thing would be the calls for your broker, because you have higher rankings… more
Mount Prospect Homes With A Fireplace
share
Are you looking for a home in Mount Prospect with a fireplace? Currently there are 21 attached single family homes on the market in Mount Prospect. Only one is a condo and the rest are townhouses. The most affordable attached single family… more
Mount Prospect, IL Real Estate Market Trends 2007 - 2011
share
The snapshot below is showing real estate trends for the past 5 years in Mount Prospect, IL compiled from MLS. The current average listing price in Mount Prospect is $245, 340 Slightly higher compared to the average sold price at the end of… more