March 2021 Real Estate News

TO FIND AN OPEN HOUSE IN GLENVIEW IL NORTHBROOK IL OR MORTON GROVE IL

Are you buying a home in any of these communities? Check out this Market Tracker.

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This month’s March 2021 Real Estate News includes three tips to make your offer stronger and a look at how home prices are continuing to rise while buyers compete for scarce listings. Also, learn more about home staging, knowing when to remodel your bathroom and easy ways to keep your houseplants alive. All of this and more in the March 2021 Real Estate News.

Homebuyers: Three Tips to Make Your Offer Stronger

Low inventories for homes across the United States have created a seller’s market. When the supply of homes on the market is low and the demand is high, prices rise and buyers often have to compete against one another.

How do you win when there are multiple offers on the table? A home that’s in good shape and priced right will have homebuyers vying for it within days—or even hours—of hitting the market. The potential buyer with the most attractive offer is likely to wind up winning. Here are three tips for making a strong offer:

Make Your Best Offer First
In a seller’s market, in which there are lots of competing buyers, homes usually sell at or above asking price. If you make an offer and there are multiple offers higher than yours, you likely won’t get a counteroffer. If you have a price in mind that you’re willing to pay for a home you love and you can afford the payments that go with it, it’s a good idea to make your best offer first. A low-ball offer can kill negotiations before they even start.

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Marina Jacobson
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