You might wonder why would a buyer be willing to pay more for a home being sold by a homeowner. How can I sell my house when I am competing against homes that are priced so low?
Quite simply, as a seller, you are either competing in a beauty contest or a price war, and the banks generally are not competing in a beauty contest.
For most homebuyers, money is tight. And if a buyer’s cash resources are being used up funding the purchase of a home, as much as the low bank prices might be enticing, when you run the numbers, many buyers either can’t do it financially or really don’t want to.
Not everyone wants to own a hammer or knows what to do with one.
It boils down to your definition of “a deal.” Many people think a deal is based on the price you pay. It is not always that simple. There are often a lot of extra costs—rehabbing, lost time and inconvenience—factors that really add up.
Making a move, relocating to a new town, buying your first home is stressful enough. Sometimes the best deal is buying a home where you can just move in and enjoy it.
Warrenville stats—Presently there are 192 townhomes and single family homes for sale, of which 37 (about 20 percent) are under contract.
Homes Sold Aug. 10-Aug.21. 29w383 Tanglewood, 3br, 2bath, $170,000. 29w702 Stevens, 3br,2½ bath, $207,500. 30w064 Willow, 2br, 2½ bath, $208,900. 3s151 Barkley, 3br, 2½ bath, $219,000. 30w171 Foxboro, 3br, 1½ bath, $229,000. 28w160 Calumet, 4br, 2½ bath, $285,000 (foreclosure). 29w570 Ridge, 4br, 2½ bath, $374,000.
