Greater Chicago Real Estate News

May 9, 2022

How To Buy and Sell Simultaneously

Here are three tips to help you buy and sell simultaneously in this market.

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A lot of clients we’re working with are buyers and sellers simultaneously. The concern in this market is that it’s relatively easy to sell but very difficult to buy due to a lack of inventory. Here are a few tips to help you out:

 

1. Don’t start looking for a new home until you’re under contract. It’s highly unlikely that a seller will accept a contingent offer, so you’ll need to sell before you buy.

 

2. Adjust your closing date. Put some language in your selling contract that gives you something like 30 days to close from the time you find a new property.

 

3. Be prepared to go above and beyond. You're competing against multiple buyers, and they’re making aggressive offers to win. That’s what you’ll have to do as well.

 

These are my best tips for those of you who need to buy and sell a home at the same time. If you have any questions or want to know how to start the process, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.

Posted in Real estate
April 21, 2022

How Inflation and Rates Affect Our Market

How heightened inflation and interest rates are affecting our market.

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What does the increase in inflation and interest rates mean for our real estate market? Interest rates are currently hovering around 5% and will continue to rise. However, the escalation of rates hasn’t affected our market much yet. You would think that with interest rates growing, home prices would be trending downward, but we’re not seeing that, and I don’t think we will for quite some time. That’s because our exceedingly low inventory is driving this market, and demand is greater than the supply.

 

The larger issue is inflation; we have the highest inflation rate we’ve seen in decades. The question we still have is how the world economic situation will impact us, and as time goes on, we’ll have more answers. I’m curious to see what happens within the next year, and I’m sure you are as well. I’ll keep you updated on what you need to know.

 

If you have any questions about our market or real estate in general, call or email me. I would love to be your real estate resource.

Posted in Market Update
April 4, 2022

What Do Rising Rates Mean for Our Market?

Here are two ways rising interest rates are affecting our market.

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation

 

Now that we’re in April, what’s happening in our real estate market? Interest rates are increasing, and we’re starting to see the effects on housing. Today we want to discuss two ways rates are affecting our market:

 

1. Appraisals issues. These have been happening for a while, but they have gotten worse as interest rates increased. When an appraisal comes in below the agreed-upon price, the buyer will need a backup plan to come up with the difference. If you want to know what your options are in this situation, please reach out to us. We’d love to discuss the topic further.

 

2. Buying power decreases. As rates increase to combat inflation, the average buyer's affordability will go down. If you’re looking to sell, this means it’s time to put your foot on the pedal and get under contract. For buyers, our advice is the same thing. It may be worth it to pay extra now so that you can take advantage of our good rates.

 

If you have questions about today’s topic, please call or email us. We are always willing to help!

Posted in Market Update
March 15, 2022

A Quick Market Update as We Head Into Spring

As we head into spring, what’s happening in our housing market?

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation

 

It’s hard to believe, but we’re only a week or so away from spring. That means the busiest time of the year in the housing market is right around the corner. What’s happening in our market as we head into this crucial time?

 

The story of our market continues to be the incredibly low inventory. The bad news is that it doesn’t look like things will get better anytime soon; in fact, they’re getting worse. This is true for both the selling and rental markets, so if you are looking to put a home on the market, now is the time. Less competition for you means more money in your pocket. 

 

This is great news for sellers, but what if you need to buy a new home after you sell? The buying market is tough, but we have strategies to make the transition from seller to buyer easier. Reach out to us if you’d like to know more. 

 

Whether you’re looking to buy or sell, we can help. Just give us a call or send us an email. We look forward to hearing from you! 

 

 

Posted in Market Update
Feb. 14, 2022

Client Event at Sweet and Tart

We’re excited to be having a client event at Sweet and Tart on March 6.

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RSVP Here

 

I’m very excited to announce that we’re having our first client appreciation event in two years. It's been a while since we've gotten together with everyone we've had the good fortune to work with. You and any guests you want to bring are invited to Sweet and Tart in downtown Park Ridge at 112 South Prospect Ave in the private room on March 6 from 2 p.m. to 4 p.m. It’s going to be an in-person event, but we also have grab-and-go options. We're looking forward to getting together for a few hours and having appetizers and dessert. We hope you can make it!

 

If you have any questions, don’t hesitate to reach out by phone or email. We look forward to hearing from you.

 

Posted in News
Jan. 24, 2022

Your Market Update for the New Year

What will happen in the market this year? Here are our predictions.

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation

 

Many people are asking what’s going to happen in this real estate market. That’s why we’re bringing you our market update for the new year.

 

We know that we will have a strong spring market; it’s already starting to take off. However, we don’t know what will happen as interest rates rise in the summer. We may see a slowdown in activity, and prices might drop.

 

Here’s my advice: Take advantage of the opportunity that exists right now. If you’re a seller, you can list your home and have a great sale in somewhat of a seller’s market. If you’re looking to buy, you can take advantage of the lower interest rates. We will have three interest rate hikes this year starting in March.

 

If you have any questions, feel free to call or email us. We look forward to hearing from you.

 

Posted in Real estate
Dec. 29, 2021

Is Now a Good Time to Sell?

Here’s why now is a good time to start planning your 2022 move.

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation

 

I’m bringing you this update to let you know about the current market for home sellers. Although some areas are seeing a bit of a slowdown, other areas are still hot. 

 

If you’re in an area where activity is low right now and want to plan your move for 2022, reach out to me. I’m having my clients who are listing in 2022 target a specific time, and I’d be happy to get you started on that schedule too. 

 

What I'm offering is a surefire, simple way to sell your property in 2022. If you have any questions, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.

Posted in Market Update
Dec. 17, 2021

Happy Holidays!

From our team to your family, we want to wish you a happy holiday season.

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation

 

Happy holidays to you!

 

The holiday season has officially arrived. We hope you enjoy this wonderful time of year and make some fantastic memories.

 

We wanted to take a moment to thank you for your continued support. We love helping people make their real estate dreams come true, so thank you for working with us and supporting our business.

 

This may be a busy time of year, but we are always here to help you and answer any questions you may have. Give us a call or reply to this email; we’d love to help you. 

 

In case we don’t hear from you until 2022, have a happy New Year!

Posted in Uncategorized
Dec. 9, 2021

Your December 2021 Market Update

Here’s our quick real estate market update for December 2021.

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation

 

We're currently seeing signs that are typical of the market starting to slow down. We're looking forward to a strong spring market. Interest rates and inventory are super low, so you'll see a slower market with strong spurts of activity. As we head into the spring market, properties will start to move fast again.

 

If you're looking to sell your property and want a precise valuation, click here. If you're looking to buy and you want real-time data of current, on-market properties, click here. If you’d like to hear about our off-market properties or have any other questions, don’t hesitate to reach out to us. We look forward to hearing from you.

Posted in Real estate
Oct. 26, 2021

Seeking Listings & Transaction Manager

We’re seeking candidates for a listings and transaction manager.

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Selling a home? Click here for a FREE Home Price Evaluation

 

I have exciting news—our team is growing at an incredible pace! We’re looking for a listings and transaction manager to join our team. This is a leadership position that guides the rest of the team, gives input, and helps us grow into a fantastic company. If you or anyone you know is looking for an exciting career where there’s tremendous growth, then please reach out to us. We’d love to have a discussion about becoming a member of our team.

Posted in News