September 11, 2009
The Difference Between Buying Real Estate in Walworth County and Buying Real Estate in Chicago
The difference between buying real estate in Chicago and buying real estate in Walworth County in the current market is marked. When I read the Sunday edition of Chicago Tribune Real Estate Section each week I’m stunned to see numerous real estate auctions advertised. Why just last week, I passed up the opportunity to bid on a lakefront condo overlooking Lake Michigan and just minutes from Watertower Place for a mere pittance.
I thought to myself, if only buyers would realize that Walworth County isn’t awash in high end foreclosed properties with prestigious addresses. Currently, the only high end foreclosure I’m aware of is a gorgeous, beautifully crafted, new construction home in Geneva National Golf Club listed with our company for $1,295,000. A winner in the Lakeland Builders 2008 Parade of Homes, this 4+ bedroom home with spectacular golf course and lake vistas has been reduced from $2,200,000. The quality and design that have gone into this residence are outstanding – and some lucky buyer will eventually negotiate a sale on this treasure; but at over $1,000,000 it doesn’t compare to some of the deals and steals I’ve seen in Chicagoland.
The difference between buying foreclosures and short sales in Chicago and buying them in Lake Geneva, Fontana, or any of the high profile addresses in Walworth County? Buying in this market will get you a great value at a great price, but if you’re looking to steal the deal of the century you may have to look elsewhere. Walworth County has not experienced the severe price deflation seen in other areas, so when you buy here, you’re buying in an area that has historically appreciated at a steadier pace. Lakefront properties, for example, do not experience severe depreciation; thus, while you may be able to purchase a lakefront home for less than you might expect, you will pay more than you had hoped. For more information about Geneva National Golf Club or any of our outstanding lake properties visit my website: www.SellingLakeGeneva.com - and happy hunting, this is still a great time to buy!
Posted by:
Janis Hartley
Tagged With:
geneva national golf club,
lake geneva,
lakeland builders 2008 parade of homes
and walworth county
Share With a Friend
Leave a Comment