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Home Buying in 60107 : Real Estate Advice

  • All21
  • Local Info3
  • Home Buying4
  • Home Selling0
  • Market Conditions1

Activity 2
Sat Apr 13, 2013
Maria Gilda Racelis answered:
Unless both buyers and sellers have signed the Purchase and Sale agreement, there is no binding agreement yet between the two parties.

Your realtor can express your intention to the listing agent that you have an offer--which should be more attractive than the offer on the table or the offer the seller is considering. The terms of the offer of the other buyer can be withheld or held confidential.

However, the decision resides in the seller if they would like to have your offer get submitted before accepting the other offer.

The listing agent's job is to get the best offer for the seller client. They might counter all offers for final and best.

Best of Luck.
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Tue Jun 19, 2012
Nancy Eisele answered:
It truly depends on the home and the local market conditions. While in general, we are experiencing a very active market in Northwest suburban Chicago, market conditions can vary not only in a specific area but also among property types. We are actually seeing a decrease in inventory in many areas and homes are selling that may have just been sitting last year. However it is still important to price a home correctly, evaluating both the active competition and for appraisal purposes, also recent sales. Rule of thumb is you never get 100% back on return on investment, but many minor changes can make it sell faster and possibly at a higher price. I offer my clients a market analysis and free consultation on how much to spend and which changes to make. Feel free to call me at 630 776-1410.
Nancy Eisele
Coldwell Banker Residential Brokerage
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