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!
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.
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.
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.