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Chicago Real Estate Market Update April

Posted by lakecityhomefinder.com @ 10:26 AM, Tuesday Mar 31st, 2009

Hello

I just wanted to touch base with you all and let you know about what’s going on in the market right now.

We’ve been very busy over the past a few weeks helping several buyers purchase new homes.
It’s been great helping buyers negotiate and they are getting great deals! If you are looking to buy this year, now is a great time to act.

There are still a lot of properties on the market, but don’t be fooled,
good properties listed at good prices (especially ones with BIG price drops) are selling fast.  Many times I’ve called to make an appointment for a showing
only to find that these properties have just gone under contract.

For example, we helped one of our clients buy a townhome for $200k a few weeks ago (previously listed at $310k). The day the seller dropped the price to $195k, they got multiple offers and we won!  But remember: in order to jump on great deals like this, you have to be pre-approved by lenders and ready to make a move.

According to the NATIONAL ASSOCIATION OF REALTORS®, “the number of buyers
looking for homes rose 5 percent in February, and also was 5 percent above a year ago.”  Based on the activity we experienced at Lake City Realty before spring even started, I believe that the market is picking up again.

Let’s take advantage of today’s market and find a great home!

Please mark your level of interest so I can see what kinds of properties
you’d like to focus on. If you have any questions, feel free to contact us
at info@lakecityhomefidner.com or 773.218.5752.
We will be happy to assist you through your entire transaction.

Regards,

Jimmy Tai/Mike Hogg

Lake City Realty

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