For every success story you may have heard about people deciding on “for sale by owner” for their home, there are countless other stories you don’t hear, all about the many issues that can arise when going down this route.

When you try “for sale by owner,” (we’ll shorten it to FSBO), you give up the helping hand of a real estate agent. During a real estate transaction, an agent can be a vital partner, one who knows the ins-and-outs of the housing market and all that goes into selling a property, including marketing efforts, negotiation strategies, and navigating the oftentimes lengthy closing process.

If you’ve done FSBO in the past, it may be worthwhile to investigate the current realities of selling a home without a real estate agent.

According to the Chicago Tribune, 20 years ago for FSBO-sold homes accounted for nearly 20% of transactions. In contrast, in 2017, 92% of home sellers were assisted by a real estate agent.

So, what do these people know?

Here are three big things to keep in mind before you attempt to sell a home all alone…

1.) Pricing Your Property Incorrectly

What are the Real Estate Market Conditions in Lakeview? (Source: wikimedia.commons)

Why Lakeview?

Lively and accessible, Lakeview is the perfect blend of everything Chicago. Not only is the neighborhood home to the World Series-champion Cubs and their iconic ballpark, Wrigley Field, but it's also the spot for a wide array of nightlife and entertainment.

For those looking for something scenic, Lakeview lives up to its name, offering residents gorgeous views of Lake Michigan with easy access to the Lakefront Trail. It's also host to Chicago's annual LGBTQ Pride Parade, and Lakeview's chunk of Halsted Street is home to numerous LGBTQ resources and support centers.

Lakeview is the second largest ward in the city, with a population of more than 98,000 folks - a group that once included Charlie Chaplin, among other famous film and music stars. Here are a few handy resources for learning more about Lakeview:

If you're looking for a new home, you should also be looking into Lakeview for not just its abundant charms, but its vibrant housing market! Whether you're looking for a condo or a single family home, Lakeview's market is worth a look this year. Here's what to know right now:

Lakeview's Current Condo Market 

1. The Average Sale Price of a Lakeview Condo is Historically High

"To be, or not to be?”

This is the question famously asked by Shakespeare’s Hamlet, as he thinks over all of his choices and opportunities in a particularly fraught moment. It’s one of the most famous quotes in human history, but we think it’s time for a little bit of a revamp.

Specifically, we know that prospective homebuyers around the country are asking themselves a question more along the lines of:

“To wait, or not to wait?”

Let’s see if we can help set your mind at ease!

Why Now Is the Right Time to Buy a Home

Hamlet may pace back and forth muttering to himself to find answers. But here at Real Group RE? We prefer cold, hard facts. And many of the signs available say that it’s better to buy now, rather than waiting until next year.

Why act now? Well, it really comes down to two big factors - home prices, and interest rates.

Take a look at this beautiful 2-bed, 2-bath, perfectly situated on a quiet, tree-lined street near the heart of Lincoln Square, and featuring an expansive, quiet green backyard.

The spacious unit has an open layout, with hardwood floors throughout. The granite kitchen features stainless steel appliances, as well as a separate dining space. The master comes complete with an en suite bath, as well as custom organized closets.

The home features an in-unit washer/dryer, and a garage space comes included. With just one step down into the unit, single-key access to the home from the dedicated garage spot provides privacy and convenience. The building is in a prime location, just a stone's throw from the CTA Brown Line, the Metra, Mariano's, and all that Lincoln Square has to offer, including some of the best restaurants in the city.

Ready to set something up? Drop Real Group RE a line today to see this great space for yourself!

Real Group Real Estate

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Chicago, IL 60614

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