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Market Conditions in Wicker Park : Real Estate Advice

  • All36
  • Local Info6
  • Home Buying13
  • Home Selling2
  • Market Conditions2

Activity 2
Sun Oct 27, 2013
answered:
1517 N Ashland has 4 units and 1521 N Ashland has 3 units. Feel free to contact me directly if you ave more questions.

Monique Sandberg
AllChicagoLofts.com
Prudential Rubloff
312-513-5021 Cell
773-572-7605 eFax
MSandberg@Rubloff.com
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Sun Oct 27, 2013
Christopher Thomas answered:
Alonzo,

I wouldn't disagree with any of the answers here, but I'd suggest that the "average" amount of earnest money deposited with an offer to purchase contract can vary widely depending on what areas/neighborhoods of the City of Chicago that you're dealing with.

The amount of earnest money also can vary greatly depending on the purchase price of the property. Typically the higher the purchase price the more money you'll have to deposit but not necessarily a higher percentage of the purchase price. So if you have a $100,000.00 purchase and only put down 1%, you'll only need to put down $1,000.00. If that purchase price is $750,000.00, then the same 1% becomes $7,500.00.

What's most important is what specific agreement you come to with your specific buyer or seller. Good luck.

--
Sincerely,

Christopher Thomas
Broker Associate, Keller Williams Realty Chicago Consulting Group
716 E. 47th St. Chicago, IL 60653
(773) 770-5947 (cell) (312) 577-0985 (fax)
cthomas@kw.com
http://www.myagentchris.kwrealty.com
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