You own a flat in the wonderful Lakeview area of Chicago, and you do not need to sell.
You would like to buy a single family home though, now my questions to clarify
a) if and when you decide to buy that single family home, will you then need to sell your condo?
b) where would you want to buy your single family home within the city or near city suburbs like
Glenview, Wilmette, Northfield etc.
Upgrading, selling and moving into a larger and generally speaking more expensive property is a good time to do so, as you have many choices, lower pricing, low interest rates and truly good negotiation possibilities!
You will most likely have to accept a little less for your own condo at this time, but you will save a larger bite on the larger single fam. home.
So as you can see, depending on what , the price range and where you are looking to buy it may make a difference whether this is the right time for you.
Feel free to contact me directly at email@example.com - I would gladly e-mail you a free pre market overview of your area and your type of property without home visit initially and I would also e-mail you available single fam. homes in the size, style, price range and locations you would like to explore. All arriving in your e-mail inbox with your choice to ask for additional information and you can make changes to your search criteria at any time.
Hoping to hear from you and I would love to assist you in your decision making process and in selling and finding your next home.
Edith YourRealtor4Life! Working always in the very BEST interest of her clients!
Two things - there's not been a better time to go to the next level for your next step home. At the same time, though, the current selling market is prodigiously challenging. Lakeview hasn't been gutted with respect to value. But there is an absorption rate of roughly seven months - which translates into seven months or more of inventory. Also, the price point you may anticipate may be a) difficult for a consumer to finance and b) may be out of whack with buyer perceptions.
Here's the thing though - the hit you may have to take on selling your place may be more than offset by the bite you may be able to achieve on your buyside transaction with a qualified realtor.
What you might want to do next is contact an experienced real estate professional familiar with Lakeview, the caliber of your property, and with an aggressive marketing program and structured negotiating plan to discuss the possibility of listing.
Best of luck with your next step!
Luxury Home Marketing Specialist
Certified Negotiating Expert
Accredited Buyers Representative
The Real Estate Lounge Chicago with @properties
I am an exclusive buyer agent in Lincoln Park and would be glad to point you in the right direction.