In today’s Chicagoland market, making a smart offer is more important than making a fast one. Here are 5 things every buyer needs to know.
1. Know the Comparable
Sales Before offering any price, review recent sales of similar homes in the same neighborhood. Your REALTOR® should provide a Comparative Market Analysis (CMA) so you know if the listing price is fair, high, or a bargain.
2. Get Your Pre-Approval Letter Ready
In competitive markets, sellers won’t even look at an offer without a pre-approval letter. Have it ready before you fall in love with a home.
3. Understand Contingencies
Inspection contingencies, financing contingencies, and appraisal contingencies protect you. Know which ones to include and which ones might cost you the deal in a hot market.
4. Don’t Low-Ball in a Seller’s Market
Offering significantly below asking price in Bartlett’s current market can lose you the home and waste everyone’s time. Price your offer based on data, not emotion.
5. Have a Skilled Negotiator on Your Side
The right REALTOR® can save you thousands through expert negotiation — not just on price, but on closing costs, repairs, and timelines.
I’d love to help you buy smart. Book a free strategy call at calendly.com/homesbydrashti
