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David Gibbons

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was this home really worthn the price in 2006

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alexisenders

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Was this home really worth 196,500.00 in 2006
Question refers to 3129 Jo Ann Dr, Joliet, IL 60431
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0 Yes

March 08 2008 - Illinois
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Tim Soper, "SoperTeam"

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Thats a straightforward question with a complex answer: it depends. Without knowing the condition of the home, # of bed & bath, size, etc., I wouldn't be able to give you an intelligent response. Couple of things to consider, though:

1) When you purchased in July of 2006, the market had peaked and plateaued, so it is possible that you purchased your home at its top value.

2) Assuming you have a mortgage, I would look at the appraisal that was done on your home when you purchased it. You should be able to see if your home was at the top range of comparable homes at that time.

If you have more questions, feel free to contact me via my contact info on my profile.

Best Regards,
Tim Soper
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May 12 2008
 

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