Sunday, March 26, 2006

Bucktown: When it feels right

The Bucktown area has been one of the hottest neighborhoods this spring. It seems the properties here have sold faster than most. My clients have experienced this lately. On several occassions, a well placed and priced unit in this area has sold before they had a chance to look at it.

It isn't an exact science, but a good Realtor can sense a steal. When the stars are lining up-- my client likes the place, the price is good in market terms, the seller is motivated and the seller's agent is handing over information that favors my buyer (yikes!), --a Realtor you trust usually can negotiate a fair transaction.

Look, it's not my job to tell you what to like. But there will be times that I suggest a unit is well laid out, has certain valuable features, and is in a great location. Taste is one thing, quality entirely different.

So take heed if you view a home in Bucktown that looks good and feels right, make a move. There is always the inspection period and several contingencies left to protect your interest. Because a good unit probably won't be there tomorrow. Or worse, you'll find yourself in a multiple offer situation!

The moral: Make sure you have mapped out your mortgage product and understand the expenses involed in buying a home. This will enable you to move fast when the right home comes along.

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