Leng,
I focus on the Jefferson Park area and would love to help you.

Bob Chiarito
847.878.3724
chiarito@kw.com

You should definitely engage the advice of a local real estate professional.

Many sellers have begun pricing very competitively. If you offer too little, and you really want the house, you may find someone else beating you to the contract.

30 Days of market time, in this market, is not a long time at all. It may take 30-60 days for a dilligent buyer to make time to view the choices in the market.

Look at the recent sales closely. This will give you a very good idea of value. If you use good quality comparables as a basis for your offer, and you don't get the house, you will have less regret. If you do get the house, you'll be more confident that you are getting a good value.

A good Realtor could help you with this.

Leng~ Every property, every situation is different. Have you run comps on the property to see how it's priced? It's a buyers market, but if the property is priced to sell (comps that have closed in the last 30 days), it could sell for asking price, even in this market.

Good luck.

It depends on the particular situation. You'd be well-advised to discuss this with a good local Realtor.