Spring is usually the busiest season for the real estate market. However, that changed this year when COVID-19 hit. Now, we’re experiencing one of the most active summer seasons we’ve seen in a long time, and that means an increase of multiple offers for desirable properties. If you’re in the enviable position of dealing with multiple offers as a seller, handling the situation thoughtfully can make all the difference. Here are few tips on how best to handle the process:
Although it certainly doesn’t feel like spring in the Midwest, the busy spring housing market is well underway.
With more buyers in the market than any other time of year (generally speaking), preparation is key to having a successful outcome and beating out the competition. Here are a few things you can do to have the smoothest possible buying experience:
When it comes to selling homes, the price is very often the “hot topic” whether you are the seller or buyer. The process involved in determining the appropriate listing price isn’t always what one might think, though.
In fact, it ultimately comes down to a position within the existing competition. Let’s take a moment to delve into some common misconceptions about pricing…
Taxes may be the last thing on your mind as you advance through the homebuying process. Yet, there are important tax considerations that need to be worked out before you get to the closing table. One of those considerations is property tax proration.
Property tax proration is a way to split property taxes fairly to ensure that each side is paying for the specific time that they were owners of the property. Since Illinois property taxes are paid in arrears, tax proration ensures that the buyer is fairly compensated for the tax bills they will receive after the closing, for the period in time in which the seller still owned the property.
Your real estate broker can help you better understand what tax proration is, how it works, and how it is calculated. Once you have a home under contract, your real estate attorney will work with the seller’s attorney to determine the exact amount due to you during the attorney review process.
One common theme among today’s homebuyers is that many are looking for a home that’s move-in ready. If you’re planning to sell, here are a few updates that can help give your home an updated look and make it more attractive to buyers: Continue reading
In many real estate transactions, there is a fair amount of real estate negotiation – offers and counteroffers – before both parties are satisfied.
Whether there’s only one offer on the table or you’re navigating a multiple offer scenario as a buyer or navigating a multiple offer scenario as a seller, negotiation skills are critically important in today’s real estate market. Continue reading
With dozens of online resources and seemingly endless TV shows about real estate, it’s not surprising some people consider a DIY approach when buying or selling a home.
But the journey to a successful home sale or purchase can be overwhelming, especially with the amount of information available to consumers. Here are five reasons why a real estate broker is an indispensable partner throughout the process. Continue reading
Last month we talked about how to navigate a multiple offer situation as a buyer. On the flip side, if you’re in the enviable position of dealing with multiple offers as a seller, handling the situation thoughtfully can make all the difference. Here are few tips on how best to handle the process. Continue reading