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What’s going on in the Chicago Real Estate Market The Chicago real estate market is often in the news. But unfortunately, by the time you read about the latest Case-Schiller report in the news, the market may have changed. But, good news: we have access to up-to-the-minute housing market data, along with boots-on-the-ground intel from working with active buyers and sellers in Chicago and the suburbs. Let’s get into it, shall we?
View ResourceYou can get a copy of this book absolutely free. Why am I giving it away for free? Because I know the strategies revealed in my book will help you get through this difficult time with the least amount of stress. What are you waiting for? Click on the button below to claim your free copy of my book now...
View ResourceWhich items will add value to your home and help with resale when the time comes to sell? The answer is: “The ones that future buyers also want and are willing to pay for.”
View ResourceSelling your home can be a stressful and time-consuming process. But what if there was a way to sell your home quickly and for cash?
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View ResourceIt can be confusing so my team has put together the comprehensive guide for buyers and sellers to keep you updated on the entire process. Request our complete guides, free! You’ll receive top down picture of nearly everything you need to consider as a real estate buyer or seller in the Chicago and surrounding market.
View ResourceWhether you are looking to buy or sell, having an experienced guide coaching you through the process of buying or selling a home is important in a normal market – but today’s market is far from normal. As a result, an expert real estate advisor isn’t just good to have by your side, they’re essential. Today’s housing market is full of extremes. Experts project mortgage rates will continue to rise this year, and that’s driving significant demand for homes as buyers want to make their purchases before rates climb even higher. At the same time, an absence of sellers is leading to record-low housing inventory. This imbalance in supply and demand is creating bidding wars and driving home price appreciation as well as considerable gains in home equity. These market conditions can feel overwhelming, but you don’t have to go at it alone. Having a trusted expert to coach you through the process of buying or selling a home gives you clarity and confidence through each step.
View ResourceWorking on your targeted list. Making sure i am only sending you the properties that meet your criteria.
View ResourceAre you a first-time homebuyer? Did you know that if you haven’t owned a property in the last three years that you are considered a first-time homebuyer?
View ResourceWould you like to know your home's estimated value? Our free market analysis service provides you with your property's current market value and suggested selling price!
View ResourceWe'll discuss the latest trends and projections for the Chicago housing market. Prices are expected to continue to increase through the rest of the year while the number of sales is expected to decrease. In February 2022, median prices rose in both Illinois and Chicago PMSA. Homes in Illinois sold at a rapid pace as inventory remained low and median price increases slowed, according to data from Illinois REALTORS®. The average Illinois home sold in 41 days, compared to 52 days in February 2021. In February, the average home in the Chicago Metro Area spent 39 days on the market, compared to 45 the previous year. However, properties in Chicago averaged 49 days on the market, compared to 50 in February 2021. The statewide median price went up 6.4 percent to $240,000 in February 2022 compared to February 2021. The median is a typical market price where half the homes sold for more and half sold for less. In a seller's market, real estate prices increase. The strong buyer demand is driving prices in the Chicago
View ResourceBefore the offer to purchase is created, you must be at least pre-qualified or, better yet, pre-approved by a lender, unless you are paying cash.
View ResourceLet’s take a moment to talk about how we use both traditional and online strategies to promote your home to the largest group of qualified buyers.
View ResourceOnce your offer is accepted by the seller it starts the offer accepted period. You will be asked for a down payment, typically 1% of the purchase price, on the home you are purchasing which will be held with an attorney or settlement company and applied to the final purchase of your property.
View ResourceComplete the form below and we'll create you a custom property search. Anytime when we find properties that match your specific criteria we’ll send you an email.
View ResourceWhen you hire us to list your property we provide you a Comparative Market Analysis (CMA) which is a compilation of recent sales from your area.
View ResourceAre you thinking about selling? If so, the video resources below cover many of the common questions that most people have during the home selling journey.
View ResourceReal estate showings give potential buyers the opportunity to see and experience your home in person. According to a recent study, 79% of buyers said that taking a private tour was extremely or very important to their home-buying decision.
View ResourceAre you thinking about buying? The video resources below cover many of the common questions that most people have during the home buying journey.
View ResourceOne of the biggest assets that a divorcing couple possesses is their marital home. This holds true from both a monetary and emotional standpoint. Homes are filled with memories and milestones and are often a sticky point in divorce settlement negotiations. Generally, settlement negotiations strive to find a middle ground and an equitable division of shared assets (which is where family law attorneys and mediators come into play). But the act of selling the family home can be a huge point of contention. This is where a Certified Real Estate Divorce Specialist steps in.
View ResourceYou've found your dream home, the seller has accepted your offer, your loan has been approved and you're eager to move into your new home.
View ResourceLocated just 15 minutes from the Loop, Wicker Park is a vibrant neighborhood where both old and new creative collide. This hot spot features a mixture of trendy restaurants, dive bars, vintage shops, hip coffee houses, small music venues, art galleries, and book and record stores. With access to The 606, Wicker Park Farmers Market, the park that gave the area its name, Wicker Park, there’s always something to do from day to night.
View ResourceWhen it comes to buying or selling a home, it’s important to work with an agent you like and trust, and one who will be your advocate every step of the way. Location, language, property type…no matter your specific need, you’ll find that we at Ri Prasad Luxury Group are here to help you every step of the way.
View ResourceBreaking down buyer's and seller's markets, forecasts for home prices and how the housing market affects your financial situation.
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