All Posts in Category Buying

Chicago West Lawn Home Inspection

Chicago Home Inspections and What to Expect

Once you’re under contract on the home you’re buying in Chicago, you’ll want to conduct a home inspection to properly do your due diligence. If you’re a seller, you’ll also want to know what to expect from a buyer who’s having a home inspection completed on your home. It can make or break a deal,…

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2021 is off to a 🔥 start!

This year has started off very hot, with buyers coming out in greater numbers than in the past. If you look at the following charts showing activity for all of Chicago, there was an increase of 16.6% year-over-year for contracts written on single family detached homes and a 35.2% increase for single family attached (condos,…

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There are Two Sides to Every Story

It’s been an interesting year in Chicago real estate, to say the least. Every week that goes by we have new data to use that helps determine what’s going on and where the market is headed. As of late, the most interesting piece of data I’m seeing is the build in the inventory of condos…

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How Much Interest Rates Matter

If you haven’t been paying attention to the news recently, you may be missing out on the fact that mortgage rates are reaching all time lows. “Investors are fleeing to safe-haven investments amid renewed coronavirus fears, sending 10-year Treasury yields sharply lower and this, in turn, will push U.S. mortgage rates to new lows.” Bankrate –…

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How to Win a Multiple Offer Situation

  How to Win a Multiple Offer Situation in Chicago Buying a home in Chicago can be tricky during the chaos of the spring real estate season. If you’re trying to buy a home during this time of year, you need to be prepared to face multiple offer situations. In a multiple offer situation, two…

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Walking Away from a Home – Inspections

In part 1 of this series, I talked about walking away from a home when the property is overpriced and the seller isn’t being realistic. Sometimes you can open up the discussion with an offer and be surprised that a seller will be willing to accept a lower offer than you expect. And sometimes they…

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Walking Away from a Home – Negotiations

When you make an offer on a home, there are always a multitude of reasons why it may not work out. Sometimes it goes smoothly, other times you have to walk away. This series on walking away from a home purchase will look at a few of those reasons, drawing on the experiences I’ve had…

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A Deeper Look into Determining Chicago Home Value

Recently I showed my client a condo in a building where I had made a sale in the summer of 2017. Before even seeing the place, I knew it was overpriced. This was based on my knowledge of the market and this particular building. What was interesting to me was that it was clear as…

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Steps to buying a home in Chicago as a first time homebuyer

Steps to buying a home in Chicago

It’s that crazy time of year yet again: buyers are out in full force trying to score that perfect home while fending off all the competition. Buying a home in Chicago is not much different than other cities across America. But I find that most first time homebuyers have no idea the number of steps…

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Dealing with Financing

As the events of the last few years in the real estate industry show, people forget about the tremendous financial responsibility of purchasing a home at their peril. Here are a few tips for dealing with the dollar signs so that you can take down that “for sale” sign on your new home. Get pre-approved….

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