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Market Flooded With Home Buyers in Downtown Chicago and Suburban Chicagoland Areas

Posted on April 8, 2013 | Leave a comment

Many Home Buyers in Market

Market Flooded With Home Buyers in Downtown Chicago and Suburban Chicagoland Areas.

This trend is due to the fact that home buyers are trying to take advantage of low prices now – before they keep rising – as well as low interest rates making homes more affordable on a monthly payment basis. The Fed’s policies have kept rates low, giving the market a sugar high. Inventory is low in many areas, making it hard for some buyers to find the home that they really want. We’ve been in open houses in downtown Chicago lately where there are anywhere from 20-40 buyers inside – running into each other!

Ukrainian Village New Construction Property / Real Estate

For example single home and land prices in West Town…East Village & Ukrainian Village..Noble Square etc. has shot up 5-8% in the past 3-4 months – with decent land or good tear down or gut re-hab property being snapped up by various builders instantly. So to “get ahead of the curve” – Buyer Broker Chicagoland helps buyers identify properties before they even come onto the market (using a variety of techniques), in order to get our clients a property they want – at a price that they want.

Since early February, the market has been flooded with home buyers in the Chicagoland area. Buyer Broker Chicagoland has logged it’s best quarter in new clients and home closings in it’s ten year history.

532 N Hermitage Sold Out

We’ve represented clients in the $400,000-700,000 range in the Lincoln Park and Lakeview areas, and 700k to $1 million range in Bucktown, Ukranian Village, East Village, Wicker Park and other areas.

We are also representing clients in Arlington Heights, Palatine, Hawthorn Woods, Kildeer, Long Grove, Lake Zurich, Libertyville, Schaumburg, Downers Grove, and Aurora areas from 300-800k.

Most of our clients have been referred to us from past clients. Despite things being less of a buyer’s market than 2012 – we still beat the average price off in the communities we’ve had closings in – by about double the average price off for the entire area.

That kind of performance can be attributed to our extensive credentials – Certified Negotiation Consultant, Certified Negotiation Expert, Accredited Buyer Representative, Competitive Intelligence Professional, Graduate of the Realtor Institute, and Short Sale and Foreclosure Resource expert. and years of specialized expertise as an Exclusive Buyer Broker.

Certified Negotiation Expert

When you want to pay the least possible price for real estate in the Chicagoland area (or be guaranteed to win in multiple offer situations without exceeding your budget), give the specialists at Buyer Broker Chicagoland a call at 847-566-7558 to schedule a no-cost initial consultation.

We are ALWAYS 100% on the Home Buyer’s Side – and NEVER represent sellers. No dual agency – no conflicts of interest. Just pure exceptional expertise for home buyers.

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Posted in Arlington Heights, Aurora, Bucktown, Downers Grove, Downtown Chicago, East Village, Exclusive Buyer Agency, Exclusive Buyer Agent, Hawthorn Woods, Kildeer, Lake Zurich, LIbertyville IL, Lincoln Park, Long Grove, Noble Square, Northwest Suburbs, Palatine Ilinois, Schaumburg, Ukrainian Village, west town

Tagged Arlington Heights, Aurora, Bucktown, Downers Grove, Downtown Chicago, East Village, exclusive buyer agent, hawthorn woods, Kildder, Lake Zurich, Libertyville, Lincoln Park, long grove, Noble Square, northwest suburbs, Palatine, Schaumburg, Ukrainian Village, west town

The Real Estate Market is Hopping With Home Buyers in Chicago’s Suburbs and Downtown Chicago This Spring – From Lake Zurich and Palatine, to the North Shore – to Downers Grove, Lombard and Naperville, to Bucktown and Wicker Park

Posted on April 26, 2012 | Leave a comment

The Real Estate Market is Hopping With Home Buyers in Chicago’s Suburbs and Downtown Chicago This Spring – From Lake Zurich and Palatine – to the North Shore, to Downers Grove, Lombard and Naperville, to Bucktown and Wicker Park

It is off-to-the- races for home buyers in the Chicagoland area!

Folks – the market has changed. It’s off-to-the-races for home buyers. I can’t tell you how many offers there are now on short sale, foreclosure, new construction and owner occupied homes this spring….. LOTS. In many cases, we are encountering multiple offer situations for homes that are priced right that have been well taken care of (and that are not too dated for the price) or for short sale properties.

We are swamped with new home buyer clients

We are swamped with home buyer clients wanting Chicagoland’s best real estate negotiator on their side! We’ll lead you along a safe path to closing – after negotiating a killer price.

Downtown Chicago

We have a client heading to closing on a Bucktown property, and 5 clients in the Downers Grove / Lombard / Naperville area, and a number of clients in the Northwest Suburbs (Palatine, Lake Zurich, Vernon Hills), and a North Shore client.

Rates are down, but with the economy improving they are expected to go up – so there are a lot of people flocking to buy low and lock in a low rate. By summer, and certainly by fall – we expect that interest rates will tick higher.

Home Sales are Up across the Chicagoland area. From Palatine, Lake Zurich, Vernon Hills, to the North Shore to Downers Grove, Lombard, Naperville to Bucktown, Wicker Park and Downtown Chicago

Today – it was revealed that pending sales of existing homes rose to their highest level in nearly two years in March, according to the National Association of Realtors’ latest Pending Home Sales Index.

The index, which represents contracts signed but not yet closed, jumped a seasonally adjusted 4.1 percent from February to March, to 101.4. That’s the highest index level since April 2010, when the deadline for a federal homebuyer tax credit program loomed. The index was 111.3 then. Pending sales were up 10.8 percent from the same time a year ago on a non-seasonally adjusted basis.

An index score of 100 is equal to the average level of sales contract activity in 2001, a robust year for home sales and the first year examined. The index typically represents about 20 percent of all existing-home transactions. Contracts signed in March typically close one or two months later.

“First-quarter sales closings were the highest first-quarter sales in five years. The latest contract signing activity suggests the second quarter will be equally good,” said Lawrence Yun, NAR’s chief economist, in a statement.

Home sales turned a corner

“The housing market has clearly turned the corner,” Yun said. “Rising sales are bringing down inventory and creating much more balanced conditions around the county, which means home prices will be rising in more areas as the year progresses.”

If you’d like to put Chicagoland’s best real estate negotiators on your side, and have an agent who is TOTALLY ON YOUR SIDE (versus half on your side as a so-called “buyer agent” can be – ie – they and their company list property for sale) then call 847-566-7558 to set up an initial consultation to see if you qualify. You can visit Buyer Broker Chicagoland for more information.