CostWhat.com is a great resource for anyone interested in Chicago Home Buying. Our system returns results based on the address that you submit. For example, if you are looking at a home at 401 N Franklin St., then you would enter that address and our system will return the ten closet, most recent sales to 401 N Franklin St. Why is this valuable? If it is not obvious, this service is valuable because Chicago home buying can be tricky. New neighborhoods are developed and prosper now in just a few years timespan now. Anyone who drove through the South Loop ten years ago would probably not recognize it now. New areas can flop in a hurry though if a bubble pops. This is the risk of Chicago home buying in the edgier regions of Chicago.
Before you place an offer on that first home, go ahead and use CostWhat.com to figure out the home value of area homes. Your home valuation is partially influenced by the price of your neighbors' homes. You can build a mansion, but if you do it in a rotten neighborhood, you will probably not even get your money back when you need to sell. Chicago home buyers rely on CostWhat.com because it gives them good (and free!) information to help in the decision process.