Let’s face it: this Spring Awakening is like no other. The distribution of vaccines brings relief and hope - and the gradual re-opening of life in the City; the steady climb of the stock market feels (really really) good and offers opportunity; and, all the while, it seems like the natural course of seasons doesn’t blink, as cherry blossoms and Magnolia trees explode throughout the City.
And something else has emerged this Spring - a surprisingly exciting and dynamic real estate market in some areas of the City, and along with it, some good ole bidding wars - something I haven’t witnessed since pre-2007 days.
Although a bidding war is always good sport for me when I represent a seller (bring ‘em on!), it requires particular finesse when representing a buyer. This week I found my buyer the perfect place meeting all of his requirements. But it was way underpriced and hungry buyers swarmed the place during the limited showing hours. The seller's agent asked for highest and best offers and set a deadline.
My client looked to me, his trusted (and very experienced) advisor for guidance. He really wanted this place. I scrutinized the comparable sales and evaluated its value, independent of the hype surrounding the sale and concluded it was not only underpriced, but WAY underpriced. When I represent a buyer, my standard is always whether I could resell the home should the buyer need to sell.
We decided to offer 120% of the listing price and tweaked other contractual terms which would set it apart from the others. And I leveraged my solid reputation in the real estate community to assure the seller’s agent that I would see this deal through to the end. And, lo and behold, we beat out 12 other offers.
If you’re looking to buy a place, it may be tempting to use your mother’s neighbor from Wheaton, your child’s soccer coach who decided to dabble in real estate, or your friend who used to sit next to you in Hebrew school. But perhaps you should think twice and enlist me - a seasoned agent who can guide you through it all.
|
Enjoy candle-lit open-air concerts in Chicago's most magical outdoor spaces
|
As reported by Elliot McGowan in Secret Chicago this week, "R
egardless of what 2021 may hold for us, a magical (and safe) spring awaits us here in Chicago thanks to the amazing outdoor spaces the city has to offer. Luckily, Fever Originals is bringing back its wildly popular Candlelight concert series to open-air venues for the spring season, from stunning rooftops and terraces to enchanting secret gardens.
The series showcases classical and jazz music performances in utterly magical settings, as top musicians revive some of the greatest works in the classical and jazz genres while surrounded by flickering candlelight.
Only 50 people are invited to each candlelight concert making each and every event an incomparably intimate experience."
|
Sure, it's only April and can get a bit chilly at times, but the sun is out and with a few layers (and perhaps a heater) the time seems right for us to emerge from hibernation and isolation to get together with friends and family. And Thrillist Chicago has done the work of compiling a list of the 15 best outdoor places to eat, including Aba (shown above). Let's go and support our local restaurants, bartenders, cooks and servers!
|
4 Bed | 3 Bath Margate Park
|
4 Bed | 2.1 Bath East Lakeview
|
4 Bed | 3.1 Bath Lincoln Park
|
4 Bed | 3.1 Bath East Lakeview
|
1240 N. Lake Shore Dr, #32A
4 Bed | 3.1 Bath Gold Coast
|
2 Bed | 2.1 Bath Lakeview
|
3800 N. Lake Shore Dr, #6E
3 Bed | 2 Bath East Lakeview
|
3500 N. Lake Shore Dr, #9A
3 Bed | 3.1 Bath East Lakeview
|
|
4 Bed | 3.1 Bath Gold Coast
To be offered at $2,585,000
|
2 Bed | 2 Bath East Lakeview
To be offered at $479,000
|
|
Modern. Vintage. Architectural. Cool.
|
And everything in between.
|
|
© 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.
marketingcenter-midwest-chicago |
|
|
