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GG Allin GG Allin is offline
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Join Date: Jun 2007
Location: ORD
Posts: 4,008
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I sell realestate on the side here in Illinois. The last two deals that I've done have been forclosures. The first one, over the summer was a condo in Chicago. The bank played hard ball. We made a reasonable offer and they would not budge. The last one was a house in Barrington IL. (affluent suburb) on five acres, the bank took our lowball offer no questions. They even threw in a $1000 bonus to each Realtor, due to the fact that we closed quickly and it was a cash deal. That home's two previous sales were $670K in '06 and $281K in 97. My buyer paid less than the guy in 1997.
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Old 01-07-2009, 11:52 AM
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