Greater Chicago Real Estate News

Oct. 26, 2021

Seeking Listings & Transaction Manager

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

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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 helps guide the rest of the team, give input, and help 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
Sept. 2, 2021

Quick Update on the Fall Chicago Real Estate Market

Here’s what you should know about Chicago real estate heading into fall.

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September is here, which means two things are going to happen. First, we’re going to come out of a very slow summer market. This “summer slowdown” happens in a bunch of different industries, including real estate.

 

It also means we’re headed into the fall market. In many areas, whether you’re in the city or the suburbs, inventory is still dropping. Prices have leveled in some areas, dropped in some areas, and gone up in other areas. As we head into fall, we should see market time decline overall as supply dips. 

 

If you have any questions about buying, selling, or Chicago real estate in general, don't hesitate to reach out via phone or email. I look forward to hearing from you soon.

Posted in Market Update
June 21, 2021

The Market Will Return To Normal

As we reach the peak of this market, now is the time to sell.

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We’re at an interesting time of the year right now if you’re looking to sell or if you’re looking to buy.

 

The market is hitting a plateau. Activity in some areas is starting to dip back down, but prices are not dipping. However, as activity declines, so too will prices. Those prices could also start coming down because of the season. The summer months are always a lull for the real estate market. So if you’re looking to sell, now is the time. If you’re looking to buy and you’ve been beaten out by multiple offers, this is all good news. Buyers should see more opportunities opening up for them.

 

For more information, please reach out to me.

Posted in Market Update
Feb. 16, 2021

Buyers: Don’t Sabotage Yourselves

As a buyer, don’t sabotage yourself by making too many seller requests.

 

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Today our go-to attorney John Voutiritsas is back to discuss how buyers may sabotage themselves in a real estate negotiation.

 

In this real estate market, many buyers will sabotage themselves by making too many requests. They may have heard from their aunt Sally that they can ask for anything and they should get it. For example, they may press for a $10,000 credit when the seller is clearly saying they won’t be paying that. The buyer will walk away from the deal, then call us back a week later asking if they can go back to that deal, but by then it’s too late.

 

 

   
Many buyers will sabotage themselves by making too many requests.
  

 

 

You need to know the limits, and only focus on major issues because if you take it too far, you’ll likely lose out on the home. Ask your real estate agent for advice about how far to push for what you want. It’s crucial to control your emotions during the real estate process.

 

If you have any questions about buying or real estate in general, call or email us. We would love to help you.

Posted in Real estate
Feb. 1, 2021

Why We Work With John Voutiritsas

Here’s why John Voutiritsas has been our go-to attorney for 10 years.

 

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Today I want to introduce you to our go-to attorney, John Voutiritsas. He’s been a practicing attorney for almost 20 years, and I’ve known him for 10 of them. 

 

I started working with John because a friend and client of mine used him as his attorney, and at the closing table, the other attorney was trying to bully us, but John wouldn’t let it happen. I was very impressed by the way he responded. John stood up and said, “Grab your stuff, we’re leaving.” I had no idea what was going on, but sure enough, when we were in the hallway, the other attorney chased us down telling us to come back and that they’d give us what we wanted. We weren’t asking for anything extra; it was something that was negotiated during the attorney review period, and John made sure our client got it.

 

 

   
The other attorney was trying to bully us, but John wouldn’t let it happen.
  

 

 

If you have any questions for John or want to work with him, call or text his cell at (773) 968-9170.

 

If you have any real estate questions or needs, you can always give me a call or send an email. I would love to help you.

Posted in Real estate
Jan. 19, 2021

Discerning the Difference Between Wants and Needs

Here’s why it’s so important to be able to work with experts.

 

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In today’s message, we’re joined once again by John Voutiritsas, the Sohail Real Estate Group’s go-to attorney, to explain the importance of helping clients understand the difference between expectations and realities in the home-buying process. Especially when working with first-time buyers, it’s critically important to have the right attorney and lender in your corner; you need to be able to rely on professionals who have been perfecting their craft for quite some time—not your uncle Sal, who’s only managed to close one deal. To hear our full discussion, watch this short video above. 

 

If you have any real estate law questions for John, just give him a call at 773-968-9170. With general real estate-related questions, concerns, or comments, reach out to us here at The Sohail Real Estate Group anytime; we’d love to assist you with your buying or selling needs, or simply be a resource for the market knowledge you need. 

Posted in Real estate
Jan. 5, 2021

Buyers: Don’t Sabotage Yourselves

Buyers, stop sabotaging yourselves during the home buying process.

 

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

 

John Voutiritsas is our team’s go-to attorney and has been practicing real estate law for almost 20 years. Today he joins us to talk about how homebuyers sabotage themselves during the purchase process and what they can do to end that tendency.

 

For example, we’ve seen buyers who will request inspections for multiple properties they’re looking at, which will end up costing them thousands of dollars more than they ever needed to spend.

 

Another way buyers sabotage themselves is by making too many requests. Some will press the seller for a credit (or multiple credits) when the seller has made themselves clear that they aren’t going to give one. Being too pushy can kill a deal. To avoid making these mistakes, know your limits, focus only on major issues, and keep your emotions in check.

 

If you’re thinking about buying or selling real estate, please feel free to reach out to us. We’d love to help you.

Posted in Real estate
Dec. 18, 2020

Thank You & Happy Holidays

We hope you enjoy this wonderful time of year!

 

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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 and we’d love to help out.

 

In case we don’t hear from you until 2021, have a happy new year!

Posted in Uncategorized
Dec. 10, 2020

Does Homeownership Always Lead to Wealth?

Here’s a closer look at real estate as an appreciating asset.

 

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Today I’m delighted to be joined by our go-to attorney, John Voutiritsas, to talk about long-term home appreciation and why you shouldn’t always expect to build a ton of wealth as a homeowner.

 

People have a perception that when they buy a home, it will automatically appreciate. So here’s my question: If it’s an appreciating asset, how come you depreciate the value on your taxes?

 

   
You’re buying a home to put a roof over your head.
  

 

According to John, you have to discard the belief that the primary reason you buy a home is to make money on it. You’re buying a home to put a roof over your head, grow your family, and make memories. You should not buy a home with the mindset that it will make you money in the future, unless you’re a home flipper, of course.

 

If you have any legal questions relating to real estate, feel free to reach out to John at (773) 968-9170. If you have any other real estate needs, don’t hesitate to reach out to me via phone or email. I look forward to hearing from you soon.

Posted in Real estate
Nov. 23, 2020

Why Is Client Communication So Important?

Here’s a quick word on why good communication is so essential to success.

 

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Michael Wieczorek, of Stonehaven Mortgage and the Chicago Real Estate Secrets Podcast, joined me recently for a discussion on the importance of having honest communication with clients. This is especially important during the home-buying process, when certain fees can feel like they're popping up out of nowhere and timelines can get pushed back for a variety of reasons. We aren’t in control of everything, but setting the right expectations up front is the right way to do it. To hear Mike’s full message, watch the short video above.

Posted in Real estate