Home Selling in 60613>Question Details

Dawn, Home Seller in Chicago, IL

We are planning to sell our 2 bed, 2 bath condo in Ravenswood (60013) by Sept 08. How soon should we list?

Asked by Dawn, Chicago, IL Thu Aug 30, 2007

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Dawn,
Up until fairly recently most buyers in the market have been ready to make a decision but today buyers are taking more time and it looks like that trend will continue into Sept 2008 . List too early and the closing date may not work for the buyer. List after the spring market and buyers may not be as plentiful in the marketplace. I would list mid - April/May and look to attract some of the spring market in addition to those looking in the Summer months. Good luck.
Web Reference: http://www.KDRchicago.com
1 vote Thank Flag Link Thu Aug 30, 2007
Hi Dawn:

I just gave a long-winded Emergency! Emergency! answer, thinking you meant September 8th, of this year. In looking at your answer a little more closely, I realize that I *think* you mean September 2008, no? Therefore, I deleted my initial response.

I hope that's the case, because it will mean there is no longer any Emergency! Emergency!

In any case, if September 2008 is your goal, then it would be wise to list about 3 months prior to your sale date goal, i.e., May 2008. This is typically a prime time for the market, as opposed to having to list in the dead of winter.

This will allow potential buyers of your home to close before the end of summer.

Best of luck to you; I live and work near Ravenswood, and I love the area!
1 vote Thank Flag Link Thu Aug 30, 2007
Patti Pereyra, Real Estate Pro in Chicago, IL
MVP'08
Contact
I would advice you to list as soon as you can, if you hope to get offers and accept a contract by Sept. 8th.
0 votes Thank Flag Link Mon Sep 3, 2007
Dawn
Taking into accout the slow moving inventory, your better off listing it early like now.... who cares about winter, the serious buyers are out during that time aswell, not "all" buyers are looking to get in before the school year and not all buyers have kids...... and if you get it under contract before Sept of 08, count your blessings, rent for the remainder of the months or go to Ca. sooner.... Lord knows the sun is brighter out there.....If I was in your situation and had to sell by sept of 08 I would rather get out earlier if possible than to list and not get any activity and then be stuck chances are there just might be a little more inventory to compete with also.....
I'm sure you will make the right decision. :)
0 votes Thank Flag Link Thu Aug 30, 2007
List now. The market could get slower. When you need a break, tell you agent to stop the showings for a period.
0 votes Thank Flag Link Thu Aug 30, 2007
Dawn
I am curious why you have selected that particular date?

First, talk with a local Realtor about your market trends. They will know that stats for your area.
Second, bear in mind that most people move during the summer. Your area might be different, but moving after school is out still drives the market.

Good luck
0 votes Thank Flag Link Thu Aug 30, 2007
Keith Sorem, Real Estate Pro in Glendale, CA
MVP'08
Contact
Certainly heed the advice of the PRO's who work in your market for their definition of spring market. For us, in NJ, we are well into and past our spring market by May, and if you were here, I would advise getting to market earlier in the spring....probably March.

Do you want to close in Sept? This means you want to be under contract in July? What is your worst case scnario if you sell sooner, vs. later?
0 votes Thank Flag Link Thu Aug 30, 2007
Deborah Madey, Real Estate Pro in Red Bank, NJ
MVP'08
Contact
Hi Dawn,

You say that you want to sell BY September 2008, what is the soonest you would want to actually have your condo sold? In other words, if September is the absolute final month that you want to be out of your condo, then you need to start even earlier.

I'd be happy to sit down with you and discuss what timelines work best for your situation if you want to give me a call.

Cathi Weaver
Web Reference: http://www.cathiweaver.com
0 votes Thank Flag Link Thu Aug 30, 2007
I initially thought the same thing. What is your reason for selling? If the answer is something you do not feel comfortable disclosing, I would suggest contacting Patti privately since she knows the market.
Ruth
0 votes Thank Flag Link Thu Aug 30, 2007
Ruthless, Other/Just Looking in 60558
MVP'08
I'm confused by the date. Are you thinking that you need to have a contract from a buyer in September and that the closing will occur 30 to 90 days after that? Or do you need to have it closed/sold by then? I hate to say it, but the answer is probably yesterday or two months ago.

You could however be asking when will a new listing have the most impact: before, during or after Labor Day.

Please give us a little more detail.
Thank you,
Ruth
Web Reference: http://www.oak-park-il.com
0 votes Thank Flag Link Thu Aug 30, 2007
Ruthless, Other/Just Looking in 60558
MVP'08
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