Tag: Buying

Presenting Offers In Person: Good Idea?!

Interesting Tidbit: Did you know that in and around Chicago, Buyers Agents have the right to present their client’s offer in person? This new old sales strategy has been around for quite some time but few agents know about it. Chicagoland’s Midwest Real Estate Data (MRED), sets out Rules for Associations and Brokerages participating in their MLS.... Read more »

The Waive: Weighing Buyer Risks In Multiple Offer Situations

The Waive: Weighing Buyer Risks In Multiple Offer Situations
To waive or not to waive?! That is the question. In the chaos of multiple offer building, some sellers are asking for a lot more than price. As a buyer, should you put out?! Most Illinois residential contracts include an attorney approval, inspection, and financing contingency.  As a buyer, these are intended to protect you... Read more »

In The Weeds: What To Expect When Negotiating in Multiple Offer Situations - The Buyer Perspective

In The Weeds: What To Expect When Negotiating in Multiple Offer Situations - The Buyer Perspective
You’ve made it through step 1:  You’ve found a great property and submitted a strong offer.  It’s game on! Time to talk about what to expect in multiple offer negotiations and how to play the game. Next Steps:   Get Confirmation Before doing anything else, you need to make sure your offer has been received.... Read more »
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Multiple Offer Tips for Buyers: How To Master Making Your Offer

Multiple Offer Tips for Buyers: How To Master Making Your Offer
It’s Wednesday morning and your TPS reports lay sprawled across your desk, ignored.  After catching up on your Facebook feed, you start combing through listings when, there it is: the perfect new listing. It’s priced well, has great pictures; it’s the one you’ve been waiting for. Unfortunately for you, 10 other people just had this... Read more »

Multiple Offer Madness: A Series on How to Navigate Multiple Offer Situations in Today's Real Estate Market

Multiple Offer Madness: A Series on How to Navigate Multiple Offer Situations in Today's Real Estate Market
Multiple offer situations are the new reality for Chicago’s real estate market. To help you come out ahead we have the tools and tips to make you succeed. How Has The Market Changed? From Lincoln Park to Lincoln Square, inventory is down, properties are selling closer to list price and in a shorter period of... Read more »

Want Cheaper Rent? Buy It

Want Cheaper Rent? Buy It
Don’t want to pay high rent?  Buy the place from your landlord.  Okay, it may not be that simple but recent stats show that the market has already started moving that way. The Wall Street Journal released third quarter stats showing that Chicago is one of 12 metro markets where the cost of ownership is... Read more »
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How Many Homes Are Underwater?!

Courtesy sacramentowaterdamageteam.com Crain’s reported earlier this week that 25% of Chicago area homes have mortgages larger than the current value of their home. Before you current homeowners rush to your nearest agent for a CMA (comparative market analysis), let’s take a closer look at these numbers  and what they mean for potential buyers and sellers.... Read more »

To Buy Or Not To Buy?

Actor David Tennant as Hamlet Courtesy ABC Australia We are now in that strange time of year where real estate takes a backseat to holiday parties, overeating, and last-minute shopping that consumes us from Thanksgiving to January 1.   Those of you on the fence may want to think about making a move (pun intended). ... Read more »

Welcome (Back) To Your Blog

The Condoist is back to blogging and happy to be a part of ChicagoNow! First time here?Well, welcome to your blog! We call it like it is, and that is really what it’s about- you. Your home, your neighborhood, and your life. Yes, this blog is for you.  Aren’t you lucky? Even though this is... Read more »
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