I knew Chicago traffic was bad, but....

 Worst traffic congestion:

1. NY City 2. Mexico City 3. London 4. Paris 5. Chicago 6. Istanbul 7. Los Angeles 8. Boston 9. Cape Town 10. Jakarta 11. Miami 12. Brisbane 13. Philadelphia 14. Bangkok 15. Rome 16. Dublin

Buyer just backed out of our deal

 Question:  Our home was on the market for 4 days when we accepted an offer on our home. The buyer for our home backed out the day before the inspection. We hired a realtor to make sure these things did not happen. Should I fire my agent?

 Answer: So let me get this straight…. Your realtor sold your home in 4 days, and you want to fire him because he did not predict the future to know your buyer would back out? Apparently, your attorney couldn’t predict the future either.      You are talking senselessly out of frustration.

As with all business transactions, nothing is firm. There are contingencies, inspections, title reports, lousy lenders and buyer emotions involved. Although most deals go through, not all of them do. It’s unfortunate that it happened to you.

If your home sold quickly the first time, your realtor is doing his job. Your aggravation is causing you to put blame on the wrong people.

Speak to your attorney about keeping the Earnest money as compensation for breach of contract. You hired them for legal assistance.

I am going to predict that your home will sell rather quickly, because it sold fast the first time. You must have a very marketable home. Congratulations to you for that!

Remember:

“Life can only be understood backwards; but it must be lived forwards.”

Get your home back on the market and move forward to your closing.

Real Estate Market Update...June 4th, 2024

 Illinois & Indiana:

Homes taking longer to sell, thus price reductions are happening and home prices are falling a bit.

Home Sellers still have 2020, 2021 and 2022 on their minds, thinking they will still get those same prices and multiple offers. This is not happening except for the totally remodeled and gorgeous homes.

Just off the top of my head, looks like they are down, on average, about 2-3%

Home inventory is increasing, buyer demand has fallen due to the higher Interest rates.

NOW is a great time to sell. Prices are still very good and there are still buyers out there.

With our country in chaos, who knows what the future will bring.

This is just our opinion on what we see in the market every day.

If interested, Call us for an estimated selling price on your home.