Des Plaines, IL

In the table below lists all of the single family detached and single family attached homes currently on the market in Des Plaines, IL The data lists available homes by price range with average time on market in each range.

Should you have an interest in homes in a selected price range, send me your physical characteristics requirements. I will send complete details on those homes that meet your criteria.

Active Listings

List Price Range # Listings Avg. Days on Mkt Less than $49,999 20 173 $50,000 - $99,999 126 299 $100,000 - $149,999 141 311 $150,000 - $199,999 136 230 $200,000 - $249,999 88 229 $250,000 - $299,999 87 287 $300,000 - $349,999 33 155 $350,000 - $399,999 19 265 $400,000 - $449,999 8 200 $450,000 - $499,999 15 236 $500,000 - $549,999 5 140 $550,000 - $599,999 7 434 $600,000 - $699,999 5 189 $700,000 - $799,999 6 508 $800,000 - $899,999 1 38 $900,000 - $999,999 1 80 $1,000,000 - $1,999,999 1 688 $4,000,000 - $4,999,999 1 744

Active Listings Summary

# Units Avg. MT Median List Price Avg. List Price Max. List Price Min. List Price Total Volume 700 266 $175,000 $212,401 $4,700,000 $28,000 $148,680,538

#1 AGENT FOR THE #1 RE/MAX IN CHICAGO (2010/2009)
MICHAEL SORENSEN - BROKER, ABR, SFR, CDPE
RE/MAX CITY | TEL 773-987-8224
www.ChicagoShortSalePRO.com

Short Sale Opportunity in Des Plaines, Cook County, IL:
471 Farthing Ln, Des Plaines, IL 60016 - MLS# 07870757
House, 3Bed, 1.5Bath, 1Car Garage, Full Basement
Property website: www.chicagoshortsalepro.com/MRD7870757

VIRTUAL TOUR

EXCELLENT BRENTWOOD LOCATION (GOLF RD + MT PROSPECT RD)! GREAT CONDITION! LOW PRICE! REMODELED RANCH STYLE HOME WITH 3 BED 1.5 BATH AND FULL BASEMENT! RECENT UPDATES INCLUDE: NEW ARCHITECTURAL ROOF, A/C, FURNACE, WATER HEATER, GRANITE COUTERTOPS IN KITCHEN, 2 UPDATED BATHROOMS. BEAUTIFULLY LANDSCAPED FENCED BACK YARD. ALL APPLIANCES AND WINDOW TREATMENTS INCLUDED. SHORT SALE.

TO SCHEDULE SHOWINGS PLEASE CALL OUR HOME BUYERS REALTY AGENTS:
TEL 708-288-8383 - Kori Haley
TEL 773-671-4663 - Adam Balawender (Also Speaks Polish)
TEL 773-457-3509 - Pedro Astudillo (Also Speaks Spanish)

Exclusively listed and marketed by:

MICHAEL SORENSEN - BROKER, ABR, SFR, CDPE
Certified Short Sale Agent/ 100+ Homes SOLD Since 2007
#1 AGENT FOR THE #1 RE/MAX IN CHICAGO (2010/2009)
TEL (773) 987-8224 - TEL (847) 696-1664

www.ChicagoShortSalePRO.com

Search Short Sales Find Foreclosures in Des Plaines: http://idxpro.cisdata.net/AR179486/Search/foreclosure

DES PLAINES SELLERS - List your property with us:
MICHAEL SORENSEN | TEL 847-696-1664 | Click Here

To List your Des Plaines property with us please contact Michael Sorensen at 773-987-8224 or Click Here for a Free Market Evaluation of your Des Plaines home. We offer Free Short Sale Listing Service for Des Plaines Homeowners facing foreclosure and competitive negotiable commission rates for regular property sellers in Des Plaines, IL and Chicago and Northwest Suburbs: Park Ridge, Niles, Glenview, Northbrook, Mt Prospect, Arlington Heights, Schaumburg, Streamwood, Bartlett, Elk Grove Village, Palatine, Barrington...

DES PLAINES BUYERS - Schedule Showings/Submit offers:
TEL 708-288-8383 | TEL 773-671-4663 | TEL 773-457-3509

To Schedule Showings or submit an offer on any Des Plaines MLS listings, please contact our Home Buyers Realty Agents specializing in Short Sales and Foreclosures in Des Plaines and surrounding areas: KORI HALEY: Tel 708-288-8383 ; ADAM BALAWENDER: Tel 773-671-4663 (Also Speaks Polish/ Mowimy Po Polsku) ; PEDRO ASTUDILLO: Tel 773-457-3509 (Also Speaks Spanish/ Se Habla Espanol)

Des Plaines Links:
Des Plaines City info/ Local Tel Numbers: www.mredllc.com/cityinfo/city_page.asp?id=40
Des Plaines Homepage: www.desplaines.org

My Other Showcase Listings in Des Plaines:
1675 E. Mill St # 402, Des Plaines, IL 60016 - MLS# 07816804
Year Built: 2003, 2 Bed, 2 Bath, 1 Car Garage - Condo
VIRTUAL TOUR: http://www.tourfactory.com/744705

In Des Plaines IL, Nobody Sells More Homes Than RE/MAX: http://media.reliancenetwork.com/dynamic/realestate/company/62/ftp/marketshare/Feb_11/MkShGr_DesPlaines.pdf

Michael Sorensen Short Sale Group @ REMAX CITY Realty, Chicago, IL. CDPE, SFR Certified Short Sale REALTOR. Chicago Short Sale Homes, Chicago Real Estate, Illinois Short Sale & Pre Foreclosure Properties. We specialize in Short Sale marketing, Short Sale negotiations and executing Short Sales with the following lenders: Wells Fargo Short Sale agent (Wachovia), Citimortgage Short Sale agent, Citibank, JP Morgan Chase Bank/ Chase Home Finance Short Sale agent, Bank of America Short Sale agent (Countrywide), Harris Bank Short Sale agent, PNC Bank Short Sale agent (MidAmerica Bank/ National City), Deutsche Bank Short Sale agent, Cook County Short Sales, Lake County Short Sales, DuPage County Short Sales, Will County Short Sales, Kane County Short Sale, Kendall County Short Sales. Addison, Arlington Heights, Algonquin, Alsip, Antioch, Aurora, Bannockburn, Barrington, Bartlett, Belvidere, Bensenville, Berwyn, Bloomingdale, Bolingbrook, Buffalo Grove, Bridgeview, Bucktown, Burbank, Burr Ridge, Carol Stream, Carpentersville, Cary, Cicero, Crystal Lake, Deerfield, Deer Park, Des Plaines, Downers Grove, Dundee, Edison Park, Elgin, Elk Grove Village, Elmhurst, Elmwood Park, Evanston, Fox Lake, Forest Glen, Franklin Park, Geneva, Genoa, Glencoe, Glendale Heights, Glenview, Grayslake, Great Lakes, Gurnee, Hainsville, Hampshire, Hanover Park, Harwood Heights, Hawthorn Woods, Highland Park, Hinsdale, Hoffman Estates, Huntley, Ingleside, Inverness, Island Lake, Itasca, Ivanhoe, Irving Park, Jefferson Park, Joliet, Kenilworth, Kildeer, La Grange, Lake Bluff, Lake in the Hills, Lake Forest, Lake Villa, Lakeview, Lake Zurich, Lemont, Libertyville, Lisle, Lincoln Park, Lincolnshire, Lindenhurst, Lombard, Long Grove, Marengo, McHenry, Melrose Park, Morton Grove, Mount Prospect, Mundelein, Niles, Naperville, Norridge, Northbrook, Northfield, North Center, North Chicago, Northlake, Norwood Park, Northshore, O Hare, Oak Brook, Oak Lawn, Oak Park, Old Town, Orland Park, Palatine, Park Ridge, Plainfield, Prairie View, Portage Park, Prospect Heights, Richmond, River Grove, Riverwooods, Rockford, Rogers Park, Rolling Meadows, Rockford, Roselle, Round Lake, Schaumburg, Schiller Park, Skokie, Sleepy Hollow, South Barrington, South Elgin, Spring Grove, Spring Grove, St. Charles, Stone Park, Streamwood, Sugar Grove, Summit, Sycamore, Sugar Grove, Tinley Park, Ukrainian Village, Vernon Hills, Villa Park, Winnetka, Wadsworth, Wauconda, Waukegan, Wayne, Westchester, Wheaton, Wheeling, Wicker Park, Willowbrook, Wilmette, Winthrop Harbor, Wonder Lake, Wood Dale, Woodridge, Woodstock, Zion, Illinois. Mowimy po polsku, polish speaking real estate agents in chicago, domy w chicago, posrednictwo obrotu nieruchomosci, kupno, sprzedaz. Hablamos espanol, spanish speaking real estate agents in chicago, agentes de bienes raices, agentes de la propiedad inmobiliaria, casas en chicago, vendedores, compradores, se habla espanol.

Michael Sorensen Short Sale Group | RE/MAX CITY | TEL 773-987-8224 | www.msorensen.illinoisproperty.com

If you think you don’t have to worry about selling your Des Plaines home and moving on when the need arises, think again.

Every day means your house is losing value.

That’s right. Every single day.

Face value

Overall, economic and market forces continue to plague the real estate marketplace, and will for some time to come.

One of those market forces has to do foreclosures and short sales.

Short end of the stick

Over the past year, 40% of all single-family detached homes sold in Des Plaines were ‘distressed’ homes ... either foreclosures or short sales.

Digest this for a moment.

1 out of 2.5 homes sold in Des Plaines during the last 12 months was a ‘distressed’ home.

A ‘distressed’ home is one in which the homeowners experienced some kind of financial crisis. Either they lost their home to the bank. Or they sought permission from the bank to sell their home at a loss.

Data provided by the Midwest Real Estate LLC (MRED) multiple listing service and includes properties listed and sold by various participants in the MLS. Data supplied does not reflect all market activity in the area.

On the market

When 40% of Des Plaines homes are either foreclosure/bank-owned sales or short sales, it’s apparent that banks can influence the market value of your home.

What does this mean to you as a homeowner?

It means that often you don’t determine the purchase price. And neither do buyers. Banks do.

Every day, banks set and reset the market value of your home by determining how much they’re willing to sell their inventory of foreclosed homes for. Or what sale price they’re willing to approve short sale homes for.

A price above rubies

Typically, short sales go at a 10% discount of recent home sales. They have to. Otherwise, why would homebuyers want to wait 3 months, 6 months, or longer for bank approval?

Foreclosed homes typically sell even lower … by as much as 15 to 20% below recent sale prices of non-distressed homes. Or even more, depending on condition.

I know what you’re thinking. You’re thinking that foreclosed and short sale homes can’t possibly affect the value of your home. After all, your home is in perfect condition. It’s been lovingly maintained. It’s in move-in condition.

Unfortunately, appraisers don’t always see it that way.

Laughing Crying all the way to the bank

For argument’s sake, let’s say you put your house on the market tomorrow. Let’s say homebuyers see what you see … a perfect house in perfect condition.

Let’s further say that these buyers meet your asking price. Now they have to get a loan. And their bank has to make sure the investment is a good risk.

The bank hires an appraiser to make sure the buyers aren’t paying too much for your house. The appraiser pulls records of recent sales in your neighborhood. Unfortunately, 2 are foreclosures or short sales.

The appraiser should make an adjustment to account for the distressed status of those homes, but doesn't always. When she does, the amount probably won’t fully recognize the discount. That's because the appraiser can’t really know what the true condition of the house was, so she’ll err on the conservative side.

The appraiser must also err on the conservative side because she knows market values could very well get worse.

And bam! Your house isn’t worth as much as you or the buyer thought it was.

Are you stunned? Incensed? Confused? You should be.

But know this.

It happens. In this market climate, it happens all the time. Yes, homeowners can fight the appraiser’s opinion. And sometimes they can win, but not as often as they’d like.

If this happens to you … and you really want to move … you’ll be forced to lower the price so the buyers can qualify for their loan and you can close the deal.

Take it to the bank

So if you think foreclosures and short sales have nothing to do with you or your house, think again. They have everything to do with your ability to sell your house at a price that will allow you to move on. And you can take that to the bank!

Need to sell your home ... but can’t because it’s lost too much value?

Call Judy at 847.749.3811 to find out how you can sell your house as a Short Sale.

I list and sell Short Sales all over Chicagoland!

For more about Short Sales, visit ChicagoShortSales.com.

Is the market value of your Des Plaines house upside-down? Are you facing financial difficulties? Does it look like you could lose your home to foreclosure?

You’re not alone.

Crain’s Chicago Business recently reported that it takes banks nearly 500 days to process an Illinois foreclosure. This may give you nearly a year-and-a-half to sell your house as a Short Sale. But don’t get too complacent. A Short Sale can take 6 months or longer to process through your bank. Meanwhile, your bank could foreclose on your home in less than a year.

The long and the short

Maybe you haven’t heard about Short Sales. Or maybe you have but also heard that they don’t work.

Untrue.

Short Sales are different from regular sales and must be handled in a different way. But when handled properly, they can close over 90% of the time.

Learn more about Short Sales here.

Short circuit

In the last 12 months, 78 foreclosed homes were sold in the Des Plaines.

78 homes lost by people just like you.

78 homeowners paralyzed by fear.

78 homes that could have been sold as Short Sales.

78 homeowners who could have moved on with their heads held high instead of tucking tail and moving out in the dead of night.

Data provided by the Midwest Real Estate LLC (MRED) multiple listing service and includes properties listed and sold by various participants in the MLS. Data supplied does not reflect all market activity in the area.

Taking the shortcut

Meanwhile, 54 homeowners decided to sell their homes as Short Sales. And succeeded!

If you let the bank to foreclose on your Des Plaines home, penalties could hound you for years to come —

• Your credit score could take a tumble of 250 or more points.
• Your foreclosure circumstance could stay on your credit report for up to 7 years.
• Your lender could go after you for their incurred losses.
• You probably won’t be able to buy a house, a car, or a refrigerator on credit for at least 3 to 7 years.
• You may jeopardize your employment status, particularly when it comes to financial or security positions.

Don’t sell yourself short

On the positive side, doing a Short Sale allows you to —

• Sell your house and start over
• Completely eliminate or substantially reduce your financial liability
• Minimize damage to your credit rating
• Recover from credit damage in months instead of years
• Purchase another house in as little as 2 years
• Protect your employment status, particularly when it comes to jobs involving security clearances or sensitive positions in investment or banking
• Look forward with a clear conscience instead of glancing back with worry and regret.

For more about Short Sales, visit ChicagoShortSales.com.

Want to find out if a Short Sale can work for you?
Call me — Judy Chapman — at 847.749.3811

I list and sell Short Sales all over Chicagoland!

REO Foreclosures and Short Sale Condos in Des Plaines, IL

In the past 3 months 48 properties sold in Des Plaines IL as either an REO A.K.A. bank owned property or as a short sale. The least expensive condo to sell was a 1 bedroom 1 bath unit at 10118 Holly unit #GS for $18,000. The least expensive 2 bedroom condo sold for $39,700.

Currently there are over 100 foreclosures that are either REO or short sale properties listed for sale at less than $100,000. Price range $25,000 - $100,000.

Buying a condo in Des Plaines, IL? REO and Short Sale Properties are the way to go if you are looking to get a bargain!

Read my post What do you need to search Northwest Chicago Foreclosures for great tips on buying foreclosure properties.

 

If you are looking to buy a foreclosure or a short sale condo in Des Plaines, IL use the map search below or signup for priority foreclosure alerts