The main thing you'll notice about Heron Creek is that most of the homes are distinct. It's not a "cookie cutter" neighborhood. This adds to the desirability and the overall appeal of the neighborhood.
3. Foreclosures and short sales are not as prevalent
While there still are foreclosures and short sale out there (there always will be), the number has gone down drastically. Also, the stigma of these homes has changed. Regular buyers avoided these properties in the past, but now are embracing them as opportunities to get a great deal. Unfortunately, this has led to so much competition for these properties, that the deals are much harder to find now.
Buying real estate as an investment seems like a daunting task, especially to the novice. It doesn't have to be. First, identify your goals with real estate. Is it appreciation? Cash flow? A quick flip for a tidy profit? Then, work with a real estate professional who is familiar with investment properties and strategies. They can help take a lot of the guesswork out of it and will help you navigate the local market.
If you're like most people, you like to save money. Am I right? That's why a lot of people try to sell their home by themselves (For Sale By Owner or FSBO). Why would you want to pay thousands of dollars in real estate commissions if you can pay $10 for a sign? Don't go down that road until you read this!
From a local perspective, DeKalb and Kane county real estate has been pretty hot. Homes are not sitting on the market long. There is a pent up demand for housing and now that spring has finally arrived, buyers are out there in full force. Make sure you have a competitive edge and be ready. Ask your REALTOR® what you need to do to make sure you get the house you want!
In this market, the best way to price your property is at market value, but below the nearest active comparable property. Let me try to illustrate this. Let's say you're at the grocery store and your sweet tooth is craving a candy bar in the checkout line. There are two identical candy bars right next to each other and it's definitely the brand you want. One is marked at $1.29 and the other is $1.25. Which one do you choose?