Wondering if this property will sell soon?

Question

1. Reduced from 79,900 to 77,500

2. 4 bedrooms, 1 bath

3. Over 1600 sq. feet

What a steal for a starter home or rental property!

http://foryourealty.illinois.remax.com/listings/ListingDetail_r4.aspx?LID=42130136&#aTop

Answer 1

hey, I used to work in Rantoul, at Eagle Wings....

im going to go out on a limb here and say the home looks like its alittle pricey...Rantoul is a very small town just about 20 min north of Champaign, for those that dont know.  it is too far away to pull in anyone looking to go to school or work in champaign, and live in rantoul, i think...

pull the comps in the rantoul area.  its just that easy..if you guys are experiencing problems like we are in chicago, youll have TONS of inventory on the books available for purchase, and you need to competitively price your house to be noticed.  

what most people are doing in these types of property is hanging onto them and renting them out....

Answer 2

what are similar houses in your area actually selling for? you might still be overpriced by $10,000 or more.Only one bath with 4 BR's is a negative. have you had a real estate agent do an appraisal on actual recent comparables?

Answer 3

It would be a super-steal if it had a 2nd bathroom.  The value of the 4 bedrooms is weakened by the 1 bath.