WHAT TO EXPECT FROM THE CHICAGO 2022 HOUSING MARKET & HOW TO ENSURE YOU MAKE THE BEST OF IT
Updated: Jan 5
As we ring in the new year and inch further into 2022, many home buyers and sellers are likely wondering what the Chicago real estate market will look like. 2021 showed us record shattering home prices and a demand that never slept. Interest rates moved slightly but overall, stayed at the bottom of the barrel. So what does 2022 have in store for Chicago's home buyers and sellers? Will the market retreat or will we see more records crushed in these next twelve months to come?
Many people are beginning to think about their resolutions for 2022. Whether it's finally saving up for that dream home or selling your current one to upgrade to something bigger, newer or in their dream location. Either way, the Chicago real estate market is sure to have something in store for you. Here's a peek at what industry experts are predicting for the upcoming year.
According to recent reports, the market is expected to be stable with steady increases in pricing. We expect inventory to remain at a shortage creating a higher demand pushing values north. If you're thinking of buying or selling a home in Chicago in 2022, here's what you need to know.
CHICAGO HOME BUYERS
Working with agents that can give you access to listings that are not yet listed publicly gives you a head start. With many listings selling fast and to several bidders, it's a huge advantage to be able to preview homes that will be listed for sale before anyone has the opportunity to view them. Did you know that Home Hunters Chicago agents have access to HUNDREDS of listings that we are able to preview before they go live on third party websites? You can click the link below to download Zenlist. It's our invite only real estate search app.
Working with a reputable local lender could be the difference in an accepted offer and a prolonged home search. As a realtor, we come in contact with just about every lender under the sun and we remember the ones that moved quickly, responded fast and went above and beyond for our clients. We also remember the ones that botched a deal or two. While offer terms and proposed purchase price are a great place to start, sometimes having a well known local professional in your corner gives your bid the boost it needs. We pride ourselves in having a close network of lenders that can offer some of the most unique forms of financing. Many times they can close your deal in record time, ultimately making your offer and your finances much stronger.
CHICAGO HOME SELLERS
Does your agent have access to the industries most current technology? In todays market, it is crucial to be able to reach the largest volume of potential buyers as quickly as possible. With accurately priced listings selling fast, how can you be sure that everyone who might have been interested in purchasing your property had the opportunity to bid? Are you sure the offer you accepted is the highest offer with the best possible terms? We make sure to check all those boxes so that you can rest easy knowing that Chicago's #1 real estate team is on top of it.
Did you know as a seller, you have the rights to choosing a title company. Title companies can charge a pretty penny. Let us do the legwork for you and ensure that you're not throwing all your proceeds away.