These days I’ve been thinking that buying and selling real estate is like playing a game of “Survivor,” where the players are constantly assessing their power: how much of it they have; how to attain more of it; how to wield it; how to defend against the power of others; and how to strategize to attain the best possible outcome, given the playing field.
As your trusted real estate advisor, my job really boils down to helping you understand your power in a dynamic market. Not an easy thing in Chicago, where buyers and sellers have shifting power-grabs and where the playing field varies significantly among the City’s various sub-markets.
Like in “Survivor,” Chicago’s players must continually assess their power. Sellers have more power when inventory is low, the home is reasonably priced, and the market is responding positively to the home’s positioning; conversely, sellers have less power if buyers have choices, and the home does not stand out in the marketplace. With each listing, I help my sellers analyze the market and assess their power - something we may have to reevaluate until we get an offer. With an understanding of our relative power, we can then effectively negotiate that offer.
Buyers must also assess their own power based on inventory, pricing, and personal preferences. You’ll have more power if a home is priced high, languished on the market, and you could take or leave it; you’ll have less power if the home is reasonably priced, new to the market, with a line of potential competitors vying for a place you absolutely must have.
Although I will never compete or win on “Survivor” (I refuse to beg for rice and a live chicken), you can count on me to make sure you understand how much power you have and to effectuate a strategy to achieve your goals.
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ANNUAL MUSIC BOX CHRISTMAS SING-A-LONG & DOUBLE FEATURE
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Who could have predicted on that snowy Christmas Eve in 1983, when the operator of a vintage movie theater in Chicago decided to show two old holiday movies and sing a few Christmas carols during the intermission, that 38 years later the Music Box Christmas Show would become a 9-day extravaganza that grows more popular with each passing year? People from all around Chicagoland have made this terrific, old-fashioned event part of their family’s holiday tradition.
Music Box organist Dennis Scott leads the singing of the most cherished Christmas carols - with the lyrics projected onto the theater’s screen so no one misses a chance to sing their hearts out. Then sit back and enjoy Christmas movie classics
White Christmas (and sing the timeless lyrics of Irving Berlin along with Bing Crosby, Danny Kay and Rosemary Clooney), and then cheer for Jimmy Stewart as George Bailey and hiss Mr. Potter during a showing of the heart-warming It's a Wonderful Life. Make sure you review the Music Box's COVID-19 Guidelines & Precautions before purchasing your tickets.
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Serenity (now!): Garfield Park Conservatory's Winter Flower Show
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Feeling stressed by winter's cold weather and lack of leaves on the trees? Take a calming walk through hyacinth, zinnias, salvias, cosmos and other flowering blooms at Garfield Park Conservatory's annual winter flower show (which is titled "Serenity" this year for its relaxing qualities). Like the rest of the Conservatory, access to the show is free—just be sure to make an online reservation ahead of your visit.
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5 Bed | 3.1 Bath Bucktown
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4 Bed | 3.1 Bath Andersonville
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950 N. Michigan Ave, #2203
3 Bed | 3.1 Bath Michigan Avenue
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6 Bed | 5.1 Bath Bronzeville
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1240 N. Lake Shore Dr, #32A
4 Bed | 3.1 Bath Gold Coast
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1327 W. Washington Blvd, #4B
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3 Bed | 3.1 Bath Michigan Avenue
Amazing home in the sky with mesmerizing views.
To be offered at $1,975,000
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3400 N. Lake Shore Dr, #2D
4 Bed | 3.1 Bath East Lakeview
Renovated Beaux Arts masterpiece
To be offered at $1,299,000
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1040 N. Lake Shore Dr, #25D
3 Bed | 3.1 Bath Gold Coast
Exquisite renovation in prime tier
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3 Bed | 4.1 Bath East Lakeview
Dreamy vintage SFH with unexpected delights at every turn.
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900 N. Lake Shore Drive, Unit 1109-1111
3 Bed | 3 Bath Streeterville
Mies reimagined in knock-out
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Modern. Vintage. Architectural. Cool.
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And everything in between.
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Check out previous "Into the Weekends" here.
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© Compass 2021 ¦ All Rights Reserved by Compass ¦ Made in NYC
Compass Real Estate is a Licensed Real Estate Broker with a principal office in New York, NY and abides by all applicable equal housing opportunity laws. All material presented herein is intended for informational purposes only, is compiled from sources deemed reliable but is subject to errors, omissions, and changes without notice. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.
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