These are just a sample of The New Rules of Real Estate that I stumbled upon while browsing Chicago magazine. This article by Dennis Rodkin interviews Chicago real estate professionals who give their perspectives on how to make the most of today’s “pinched economy”.
Do these comments sound similar to our market, sellers and buyers?
· “If you’re hoping to get what the Joneses got, I’d like to get gas at 80 cents a gallon. I can drive around all day looking for it, but it’s gone. Forget what you paid four, five, six years ago.”
· “We hate to be the ones to tell you that what you paid for your house has nothing to do with its value today.”
· “When sellers tell me that they’re not in a hurry so they just want to try out the price, I would rather have them wait until they’re ready and price it right.”
· “A compelling price gets you sold, and if moving is your goal, you need to get sold"
Read the full article (The New Rules of Real Estate) at http://www.chicagomag.com/Chicago-Magazine/October-2011/Real-Estate-2011-House-Prices-in-Chicago-and-the-Suburbs/ If you are interested in comparing the Chicago real estate market with our market, click on Real Estate 2011: Home Prices and the accompanying charts about prices in Chicago neighborhoods and the suburbs at http://www.chicagomag.com/Chicago-Magazine/October-2011/Real-Estate-2011-Home-Prices/ .
Dwell in possibilities
Cindy
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