North And Northwest of Chicago Real Estate : Mount Prospect Real Estate Accepted Offers

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

Comments

This blog does not allow anonymous comments