SHORT SALE
- Homeowner owns the property
- Buyer enters into the executed contract with the homeowner, subject to lender approval
- Property is generally occupied by the owner or tenants
- Sold As Is
- Timeframe from execution of contract: Can be anywhere from 2 to 6 month or more depending on the lender.
REO/FORECLOSURE
- Lender owns the property
- Lender enters into the executed contract
- Utilities are often disconnected and the property maybe winterized
- Property is vacant
- Sold As Is
- Timeframe from execution of contract 2 weeks (cash deal) to 30 days depending on the lender.
Are you thinking of writing a low offer on a Foreclosure? You may want to think about it before you do.
There are many Foreclosures on the market right now. Banks are competing against each other! This means that the list price may be low already. The banks don't want their inventory just sitting on the market; they want it to sell FAST! Banks are less likely going to over price a Property. They take alot of time and review many professional opinions before they come up with a list price.
You as a buyer should keep this in mind when writing an offer. This may mean that when you are going to write an offer and the house is priced low or below market you as a buyer may be competing with other buyers. There are many buyers out there right now hunting for deals. This is the market everyone was waiting for! If a Foreclosure is in good condition and priced low, a investor or buyer may put a higher offer than the list price to win the bidding process.
Do your research before you decide to write a low offer because it may end up making you lose a good deal to start with. Your Real Estate Professional can help you with the most recent neighborhood Sold and List Comps. This way when you finally find the deal of a life time you can make a great offer on the property.
Is it possible to have Everything? To live in a Lakeside Community that offers vacation like living yet close enough to commute to work toward the Chicago Illinois area? Sure it is!
Candlewick Lake is a 210 acre Lake Community that is about 60 miles West of Chicago Illinois. It is conveniently located near highway I90 and 39 yet still has a country feel. When you pass through the gates of Candlewick Lake you can leave all your worries behind and start to enjoy your life and your family!
Candlewick Lake Amenities include fishing, swimming, boating, beaches, parks, picnic areas, tennis courts, a community pool, & Recreation Center. The Rec. Center features a Restaurant, where you can forget about time and enjoy a glass of wine or dinner and watch the beautiful sunset go down. The Rec Center also features a a gym and a health club.
Candlewick Lake also features a Golf Course where you and your friends can enjoy a round of golf not having to worry about going anywhere far because its right around the corner from your house!
Candlewick Lake Subdivision is a Gated Community which provides 24 hours security with guards, gates and patrols.
Where else are you going to find a Lake Community so conveniently located to close to Chicago Illinois and Madison Wisconsin? Did I mention the Low Boone County Taxes? All this combined makes Candlewick Lake an EXCELLENT choice to live!
Candlewick Lake offers a variety of homes on the Lake or Golf course or homes that are located right around the corner from the Lake or Golf Course. The price ranges are from the $120,000 to $400,000 depending on location. All homes located in Candlewick Lake come with Lake Rights!
If you are interested to find out more information on Candlewick Lake call Barbara Dziura with Midwest Country Realty Inc. at (815) 289-3376 or go to our website at www.midwestcountryrealty.com and BEGIN to LIVE the DREAM you ALWAYS WANTED! Don't wait! the time to buy is NOW! You can find great deals and have a great investment for the future.
The Good Real Estate deals are here! Real Estate prices in the Boone County & Winnabego County are falling. Are you ready to get some deals?
It is possible to find awesome deals with low real estate prices in the future but you must be prepared. The Real Estate properties that are priced low do not last long on the market; and sometimes are on the market only 1 day! If you are serious in acquiring some good deals to your Portfolio you must find an Expert in the field. An Expert is dedicated to their job and is knowledgeable in what is out there and knows which properties are about to come up on the market. They are knowledgeable in REO Foreclosures, and Short sales. (For an explanation on the terms go to www.midwestcountryrealty.com and click on Foreclosure Buying Tips.) An Expert is an excellent Negotiation Specialist which helps ensure you get the best possible price for your money.
You yourself must also do some homework in advance. Many times when you write an offer on a Foreclosure or Short sale along with the offer you must submit a Pre-Approval Letter from the Bank or a Verification of Funds. Make sure that when you are ready to work with a Broker Specialist you have the letter already ready because when you find the deal you might not have time to get the Verification of funds or Pre-Approval ready in time to submit the offer, and by the time you get it the property might be under contract.
So you might be asking yourself "Where do I find an Expert?" Midwest CountryRealty Inc. located in Poplar Grove, IL has a trained and Certified Negotiation Specialist which focus's primarily on Foreclosures and Short sales. Call Barbara (970) 987-4111 or go to Midwest Country Realty Inc's Website and fill out a contact form and GET READY TO INVEST!!
• 3 bath, 6 bdrm single story
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MLS®
$254,750
- 2 Family Set Up!
Candlewick Lake, Poplar Grove
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2 family set up each each floor has 3 bedrooms, (total 6 bedrooms) seprate kitchens, laundry rooms, fireplaces, family rooms jacuzzi tubs in Master baths. Upstairs features 5 skylites, vauled ceilings. The whole house features hard floors, ceramic tile baths. This home is located a stone throw from the lake and community golf course. Lots of privicy and wooded lot creates a green paridise you can relax and listen to the water fall in your very own pond in your backyard! The community includes a Rec. Center which features a resturant, gym, health club and an outside pool. Enjoy the lake with fishing swimming, or watching the beautiful sunsets. This is a MUST SEE! Home Warranty Included.
Property information
Great Investment Opportunity!
• 2 bath, 3 bdrm single story
-
MLS®
$199,900
- 5 and a half acres!
Cherry Valley, Winnebago County
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Investment Opportunity! This 5.42 acres overlooks River and is close to the Forest Perserve. The location is in cental Cherry Valley close to shopping, such a mall and new developments. Close to highways I90 and 39. The house has been updated and has new windows, new furnace, new kitchen cabinets, ceramic tile. THIS IS A GREAT OPPORTUNITY TO INVEST AND A RARE FIND! You can build other homes or develop into something else with proper permits.
Property information
Winnebago County, Illinois
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The single story at 1330 5th St. has been sold.
Property information
Bank Owned
• 1,457 sq. ft., 1 bath, 3 bdrm single story
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$75,000
- Priced Under Market Price
Candlewick Lake, Poplar Grove
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Priced below market banked owned property. Home features vaulted ceilings, oversized windows, 1st floor laundry. Located in a Lake and Golf Community. Sold AS IS preapproval or verification funds required with all offers.
Property information
• 1 bath, 3 bdrm single story
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MLS®
$59,900
- Priced Below Market Value
Winnebago County, Illinois
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Convenient to Shopping & Bus. Located on the corner. Needs TLC Sold AS IS. Preapproval or verification of funds required w offer.
Property information