How to Win a Bidding War
Posted by Ryan Hardy on
The spring real estate market is already in full swing. Well priced and well marketed homes are selling quickly in most neighborhoods across Chicago. It's classic tale of supply and demand - the lack of housing inventory is causing prices to rise. Bidding wars are increasingly common and extremely frustrating for buyers who are unprepared and/or poorly represented.
Strategy, Precision, and Experience Matter More Than Ever
Bidding wars are no longer reserved for entry-level properties and first time homebuyers. I am routinely seeing multiple-offer situations on homes priced above $1 million - particularly in neighborhoods like Lincoln Park, Lakeview, Wicker Park, Bucktown, and the West Loop.
After 15 years as a realtor in Chicago and with…
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