Distressed Properties, Short Sales and REO's or Foreclosures in Glenview, IL
The table below shows the numbers of distressed properties in the past 3 years.
Distressed property means that a property is in a short sale or is a REO "real estate owned" and not necessarily a damaged home.
As of February 2nd there are 26 short sales and REO's on the market compared to 33 properties in February of 2015.
To buy a foreclosed or a short sale property requires patience. These properties tend to have very little room to negotiate according to the data.
They are likely to be priced 10% to 25% below market value. Mulitple offers are common in this situation.
More real estate market reports and other information about Glenview, IL can be found on HomesByHaris.com here.
If you are looking to buy or sell a home, or purchase new construction in Glenview, IL or Chicago North Shore and Northwest Suburbs, contact me today 847-878-2588 !
What is your home worth ? ASK me for FREE comparable market analysis.
More About Glenview, IL on Homes By Haris