Friday, January 28, 2011

Home Selling Tips: Buyers looking at many neighborhoods, same prices

What do you have at $350,000?

Sellers take note: We are seeing more and more buyers looking at condos or town houses in their budget in many different neighborhoods. This is particularly true for the $300,000-$500,000 price-point.

For example, we have one set of buyers this weekend looking in a budget of $350,000 to $400,000. We will see a newer townhouse in Near North, a two-flat and duplex in Logan Square, a two-flat in Bucktown and a townhouse in Lincoln Park. Buyers want value and can shift neighborhoods these days to find it.

The one common thread is decent space and transit options. It's all on the table from there! When pricing our clients homes, we take into account how likely buyers can find similar space and amenities in another neighborhood. We go the extra mile to make sure our selling clients are not chasing the market, but making the market and securing a very qualified and motivated buyer.

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