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Buy a home in Palatine Illinois


Palatine Illinois is a small village located in Cook County and is mainly a residential suburb of Chicago.

Palatine combines a suburban residential atmosphere with a small business community to create a good place to live and work in without losing its country feel. As opposed to majority of the other cities in the area it is witnessing a rise in the median prices of the homes. From $200 k it has risen to $240 k in the last quarter. However the market value is still showing a negative trend and is at a year low of $306 k from $370 k same time last year.

The Palatine real estate industry is also a victim of the faltering economy and like many other cities is struggling to retain its place. A spacious four bedroom house in the Palatine IL area costs only a little above $550 k while a three bedroom house is available at an average list price of $350 k only. The two bedroom and one bedroom houses are even cheaper at $100 k and $200 k respectively less than the three bedroom ones.

However, the crunch time for the Palatine IL real estate http:// industry has turned in to an advantage for people looking to buy homes in Palatine IL. People at Weichert Realtors say that this is a good time for people to buy their dream homes because the prices are so low.

This negative trend is expected to change very soon and prices are sure to go up in the near future. Weichert Realtors also offer property listings, home valuation tools, advice on mortgages and insurance and many other real estate associated services though their 500 offices spread across the state having more than 18,000 sales representatives, and help in finding the right homes that suits both tastes and budgets.


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