Ron Donavon's Page

The bulk of real estate sales continues to be pre foreclosed and foreclosed properties, largely because they are, square foot by square foot, the best deals on the market. With the number of foreclosures on the market and more on the way, cities are reacting to ensure the integrity of neighborhoods, and long term property values. This is equating to some additional costs for buyers.

The saavy buyer already has some upfront costs when purchasing a property. I always recommend, and nearly all of… Continue

Foreclosures and preforeclosures made up a large part of homes selling in the Fox Valley area of Illinois last month. In addition the number of homes on the market continues to decline. Both of these trends bode well for the housing industry, although “complete” recovery is probably still many months away.

The percentage of homes that are bank owned (foreclosed) or on the verge of (short sales) made up nearly 50% of the homes actually selling last month. If you break the homes for sale into pri… Continue