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If you want to maximize your sales and minimize your effort, you need to work with a real estate professional. In a sellers’ market like today’s, listing your house on your own can be tempting – known as For Sale By Owner (FSBO). But the truth is, a real estate professional can save you time and […]
Are you looking to buy a home in Chicago, Illinois? If so, we’ve got good news for you. While there’s no denying the housing market is having a great year, many headlines focus on the perks for sellers. But what about buyers today? As a buyer, you’re likely braving bidding wars and weighing low mortgage rates versus price appreciation as you search […]
In today’s real estate market, buyers shouldn’t shop for a home with the expectation they’ll be able to negotiate a lower sales price. In a typical housing market, buyers try to determine how much less than the asking price they can offer and still get the home. From there, the buyer and seller typically negotiate […]
Some Highlights
If you’re a renter with a desire to become a homeowner or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home. To determine if you should buy now or wait, you need to ask yourself […]
There’s a common misconception that, as a homebuyer, you must come up with 20% of the total sale price for your down payment. A recent survey by Lending Tree asks what is keeping consumers from purchasing a home. For over half of those surveyed, the ability to afford a down payment is the biggest hurdle. That may be because […]
A lot has changed over the past year. For many people, the rise in remote work influenced what they’re looking for in a home and created a greater appetite for a dedicated home office. Some professionals took advantage of the situation and purchased a bigger home in Chicago. Other people thought working from home would be […]
You’re not alone if you’ve been in your home for over five years. According to recent data from First American, homeowners are staying put much longer than historical averages (see graph below): As the graph shows, before 2008, homeowners sold their houses after an average of just five years. Today, that number has more than […]
Some Highlights.
An important metric in today’s residential real estate market is the inventory of homes available for sale. The shortage of available housing inventory is the primary reason for the double-digit price appreciation we’ve seen in the last two years. Ireason purchasersdwho -be purchasers are frustrated with the bidding warsr the available hohomeswever, signs of relief […]
In today’s sellers’ market, standing out as a buyer is critical. Multi-offer scenarios and bidding wars are the norm due to the low supply of houses for sale and high buyer demand. If you’re buying this fall, you’ll want every advantage, especially when you’ve found the home of your dreams. Below are five things to keep in mind […]
When it comes to the latest news in real estate, there are a lot of sensational headlines in the media. In times like this, when it can be hard to know what to believe, put your trust in the experts. Those of us in the housing market respect that buying or selling a home is a major […]