Northwest Suburbs of Chicago

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Market Update September 2021: Northwest Chicago Suburbs Real Estate

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Hey everybody, John Herman from PropertyUp. It is September 2021 believe it or not already and I want to give you a Real Estate
Market Update tell you what’s happening in the World of Real Estate.

So what’s happening in the world of Real Estate right now is good actually.

So we had this crazy crazy start of the year where we have multiple offers on listings as soon as they come out sometimes five sometimes 10, 12 and 1 and 12 offers in the first day it’s saying and it was going crazy gangbusters like that from months and then it slowed down a little bit of once school started and then the inventory started to go up a little bit.

So now what we’re having is we’re having the buyers actually come back out again.

So everybody that went through that whole situation where they were multiple offer and they did not get that they might have gone through that once, twice, three times just given up like I’m tired of it.

It’s too much competition out there.

Well now they’re actually starting to come back and there’s more inventory so it is really
a good market right now it’s even example right now I have eight closings this month in September. It’s going to be about 3 million in sales and that is really good for any real estate agent for a half years worth of sales.

So I can get things done right now in this market that some agents can’t but I’ll tell you what it’s a really good time to buy because the price is now come down just to tick and sales are still happening on the list side so things are still mega mega strong out in the real estate market plus those interest rates have you taken a look at interest rates lately if you haven’t it is amazing you’re looking at levels that I mean it’s lower than inflation.

So if you actually got a loan on a property you be making money because the value of money is going down and your interest rate is low your set if you end up getting a loan on a property because you’re going to be that inflation.

If you have any other questions, if you want to lister give me a call at 630-251-8006 and I’ll get you through this crazy market and hope to see and talk to you soon. You have a great day. I’ll talk to you bye bye.

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