Tear Down and Land Values in Chicago

Tear Down and Land Values in Chicago

Residential real estate developers in Chicago are busy building new construction houses and condos throughout city. The market for tear-down houses and vacant land in Chicago is very competitive in some areas.

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Should You Sell Your House To A Builder?

Should You Sell Your House To A Builder?

How to sell a tear down house. If you own an older single-family home where the highest and best use for the property could be to tear it down and rebuild, you might be wondering how to sell the house or whom to sell to. 

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How To Price Your Property In A Slowing Seller's Market

How To Price Your Property In A Slowing Seller's Market

When the Chicago real estate market is in high gear like it has been since early 2012, it's common for Sellers to initially price less aggressively at the beginning of the cycle and over aggressively as the cycle matures, just prior to flattening out or declining.  Early in the cycle, Sellers are pleased with quick sales at or near full list price.  As the market strengthens, bidding typically becomes more aggressive and properties will frequently sell over list price. 

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How a Pre-Sale Property Inspection Can Increase Your Sale Price

How a Pre-Sale Property Inspection Can Increase Your Sale Price

So, you've decided to sell your property and you want top dollar.  Sounds pretty fair.  As the owner and now seller, you've come to realize that the property is never going to be perfect, there is always something that needs to be fixed or replaced and you have little control over how the tenants maintain their apartments.  These could be reasons why you want to sell in the first place. 

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Ignoring Buyer Expectations Could Cost You

Ignoring Buyer Expectations Could Cost You

Buyer expectations are really just a product of overall market sentiment.  If the general consensus view of the market is positive, negative or neutral, most people who are actively in the market to buy at a given time will act accordingly.  Buyers are certainly not working together but their collective actions produce and reaffirm a herd mentality that becomes a driving force in the market.

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Sell In 2012 To Avoid Higher Taxes In 2013

Sell In 2012 To Avoid Higher Taxes In 2013

Real estate investors should take a minute to determine how looming higher capital gains taxes will impact their returns in 2013 and beyond.

Beginning January 1, 2013 Medicare taxes will be increased to 3.8% (from 2.9%) and expanded to cover investment income for higher-income individuals.  

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