Chicago, like any major city, has proven itself an exceptional place to live. While more people come to the city for economic or residential purposes, some leave for the coziness of the surrounding suburbs. Whatever the reason, if you’re looking to move out of Chicago, you need to read these four tips for first-time home sellers in the Chicago area so that you can gain the most money back from your property. Research the NeighborhoodsThe city of Chicago currently has 77 community areas split into four zones in the North Side, West Side, South Side, and Central. Within each area are numerous neighborhoods that all boast great locations. For example, Lakeview is an extremely desired spot because of Wrigley Field. Many other neighborhoods, like Wicker Park, River North, and Gold Coast, have plenty of bars, restaurants, clubs, and other unique perks that make them desirable hot spots. Different architecture and housing options offer a diverse selection of housing options for buyers. Even surrounding the city are numerous suburbs full of economic, recreational, and residential possibilities. When selling your home, research various locations to see which have the highest listing prices and quickest turnover times so that you can sell as fast as possible. Find the Best Time To SellUnderstand that the housing market constantly changes depending on the time of year. It’s important that you also research the best time to sell your home. Base your timing on the seller market when there are more buyers than sellers for the highest return on investment (ROI). You’ll have more negotiating power and can sell at a higher price than you might expect. Late spring and early summer are some of the best times to sell a home because these times offer maximum profits and minimal market time. However, also consider your location’s specific market. Though spring and summer universally return higher prices for sellers, your location may have some unique times that drive market prices too. Update Older HomesRegardless of where you are, if you’re selling your home, you must make the necessary home improvements if you want to see an increase in your ROI. Before making any improvements, perform a pre-inspection. This prevents surprise repairs or upkeep later on. Whether it’s a full-on remodel or simple additions to a preexisting space, there are many improvements that will boost ROI. Alternatively, you can sell your home as-is for a faster but less impressive reward. Enhance Curb AppealThe final tip for first-time home sellers in the Chicago area is to boost curb appeal. Whether you’re in the city or suburbs, curb appeal is an important aspect of attracting potential buyers. Unkempt yards, dirty driveways, and broken walkways all show shoddy housekeeping and turn away prospective buyers. Perform all necessary landscaping and exterior repairs to show passersby that your house is ready for move-in. If you want to sell your house fast in Arlington Heights without any extra repairs, sell it to us at Direct Property Buyer. We don’t require any inspections on the property we purchase. That means you can sell your house as-is without extra costs on your behalf. We don’t even require a full move-out. We’ll take care of any unwanted personal belongings left in the home that you don’t want.
1 Comment
11/23/2021 06:13:58 pm
You make a great point about improved curb appeal leading to improved home value. I need a loan for the down payment on the house we want to buy. I'll have to consider getting an agent to help me with the rates.
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AuthorEric Strung and Direct Property Buyer Team Archives
January 2024
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