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The Illinois residential real estate market is currently a buyers market. Buyers, what that means is that there are opportunities present today that were not available 2 years ago. This does not mean that every seller will be receptive to your offer. What it does mean is that utilizing a realtor that understands the marketplace, comprehending your financial ability, and having patience and persistence.....you can position yourself for long term gain. For cash buyers, our current market is a great time for you. The enormous quantity of foreclosures saturating the market has declined market values and created bargains. These bargains are not without situations which require some expertise. Many bargains in real estate mean that the properties will need some repair and or city inspections, escrows, or in worst cases mold remediation. It is strongly recommended that a home inspection be completed  by a professional prior to closing any transaction, unless you are a experienced real estate investor/contractor.

Although the Illinois real estate market is still experiencing a decline in values, sellers that have owned there homes for more than 15 years without refinancing may still reap a profit. My recommendation for homeowners that purchased and refinanced is that you determine the value of your home prior to making a decision on selling. Today we have approximately 19 months inventory being actively marketed for sale. This creates a high inventory, while demand is low due to the credit crisis with U.S. Banks. This means that the credit requirements have become more stringent while inventories have grown larger. While it is not a dire situation, the situation does reduce the number of buyers that can qualify for a mortgage to purchase your home. Selling your home will be a strategic endeavor in our current economic evironment. We are here to help access your individual situation an offer a free consultation, call us today!! Office: 708-248-5140 

Become a licensed real estate salesperson with online pre-licensing classes. Click the link below for more information.