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Profile picture for jimkingbuilders
We own a rental home in Des Plaines.  We are wondering what the market is like in this area.  We completly remodeled the home and is in great condition... basically brand new.  What is the market like at this time?  We have owned it since '06 and have had it rented for years.  We would like to get some debt off our plates and would like to sell.  Any ideas?
Thanks.
Jim
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January 29 - Des Plaines

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Profile picture for Wes Black
I would suggest since you did repairs and upgrades, you spend the $300 or so and get a professional appraisal. You can never go wrong doing this as your first task.
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January 29
Speak to a Realtor! In fact, speak to several...interview them in anticipation of hiring one.  Any Realtor who is knowledgeable and experienced should be able to give you great advice about selling your home and a market analysis to show you what your home is currently worth. Good luck!
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January 29
You need to have at Least 1 realtor come & give you an estimate of your property. However, I suggest you get more than 1 opinion just to make sure a realtor isn't boosting up the price by a few thousand just to get the listing.
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January 30
Profile picture for Frieda Triebel
Yes, I suggest you contact a professional in that area who is familiar with similar properties to yours.  The agent will have comparable sales data to help you get your place on the market at a competitive selling price.
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January 30
Profile picture for K.K. Yan
I recently have done a market study of many suburbs for some of my investor clients. Comparing remodeled homes to others. In general, most of the towns are doing pretty good but few are relatively better. Too much to talk in here. Feel free to contact me to discuss in more details.

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January 30
Profile picture for ReemaSharma
Get few free appraisals done by local realtors
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February 14
Profile picture for MikeEmery
Realtors don't do appraisals.

Realtors do CMA's or 'Competitive Market Analysis'.

Realtors (for the most part) are not licensed to perform appraisals nor are appraisals free.
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February 14
Profile picture for RealtorTampaBay
Speak with a couple of realtors, ask them for a CMA. It would be good to compare their findings with a appraisal. Best wishes!
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February 14
 
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