The Chicago Bidding War Trap Buyers Miss

Thinking about buying a home in Chicago? Here's what the market actually looks like right now: I had buyers offer $100,000 over asking, 20% down, as-is, full appraisal gap waiver, and they still lost. In this video I show you how to avoid a bidding war in Chicago, not just survive one, with the two strategies I actually use to get buyers into homes. I've sold real estate on Chicago's North Side for 24 years and lived here for 27, and I've been in more of these bidding wars than I can count, on both sides of the table. So when I say the Chicago real estate market is brutal right now, I'm living it every day with my buyers, not reading a headline. Here's what I cover: Why the market got this competitive: the North Side is sitting at roughly one to one-and-a-half months of inventory versus five to six in a balanced market, so homes in Lakeview, Lincoln Park, Andersonville, Uptown, and Roscoe Village move in days with 10 to 20 offers. Why "just offer more" can be the wrong advice, and how the offer-more game has a ceiling: your wallet. Strategy 1: target the right homes that have been sitting, and how to tell a fixable listing problem from a real one. This got my buyers a home for $25,000 under asking. Strategy 2: see the off-market and private listings most buyers never even know exist, so you're competing with two or three offers instead of twenty. The buyers who win in Chicago aren't the loudest bidders, they're the ones playing a different game with the right strategy. If you're buying a home in Chicago and want to do it without landing in a bidding war, grab my free Chicago home buying course below. If you're thinking about living in Chicago, or any other Chicago Illinois neighborhood, we'd love to help! We can help you navigate the Chicago Illinois real estate market, whether you're buying a home in Chicago, searching for homes for sale in Chicago, or simply researching the best neighborhoods in Chicago and the cost of living in Chicago. Just give us a call, shoot us a text, send us an email, or schedule a Zoom call, and we'd love to help you make a smooth move to Chicago Illinois! ⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️ 🤔Thinking of Moving to Chicago IL? Let’s Chat! 📱 Call or Text: 773.719.0989 📨 Email: [email protected] 📅 Zoom: https://calendly.com/deesavic ⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️ 00:00 Intro: $100K Over and Still Lost 01:20 Why the Market Is This Competitive 02:18 Why "Just Offer More" Fails 03:35 Strategy 1: Homes That Have Sat 04:43 Good Sitting Home vs Bad One 06:10 Strategy 2: Off-Market Listings 08:14 The bidding game - What winners do Download my free relocation guide: https://relocate.deesavic.com/the-ult... ▶ Subscribe 👉    / @chicagolivingdee   If this is your first time to this channel, and you want to know everything about Chicago Illinois, homes for sale in Chicago, Chicago neighborhoods, and the Chicago real estate market, then subscribe ▶ and tap the bell 🛎 for notifications so you can be the first to know about the current housing market in Chicago IL 😁 We get calls and emails every day from people just like you looking for help buying a home in Chicago or relocating to the city, and we absolutely love it 😍 Whether you are moving in 9 days or 90 days, give us a call ☎, shoot us a text 📝, or send us an email 📨 so we can help you make a smooth move to Chicago Illinois. If you're thinking about living in Chicago, or any other Chicago neighborhood, we'd love to help! We can help you navigate the Chicago Illinois real estate market, whether you're buying a home in Chicago, searching for homes for sale in Chicago, or simply researching the best neighborhoods in Chicago and the cost of living in Chicago. Just give us a call, shoot us a text, send us an email, or schedule a Zoom call, and we'd love to help you make a smooth move to Chicago Illinois! DISCLAIMER All stats, data, house pricing, and anything else mentioned is always subject to change and is provided merely as an example at the time of this recording** Dee Savic | Chicago Illinois Real Estate Broker | Illinois Real Estate License: #471015044 IL Brokered by Baird & Warner 🌐 deesavic.com #Chicago #ChicagoIllinois #Illinois #ChicagoRealEstate #ChicagoIllinoisRealEstate #HomesForSaleInChicago #ChicagoNeighborhoods #BestNeighborhoodsInChicago #BuyingAHomeInChicago #CostOfLivingChicago #ChicagoHomesForSale #LivingInChicago #MovingToChicago #ChicagoHousingMarket #DeeSavic #BairdAndWarner