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Real Estate Agency, Chicago: Important Tips Before You Buy or Sell

If you’re still questioning whether or not to check into a real estate agency, Chicago is a huge city, and it will more than likely be to your best advantage to find one.

 

 

Real Estate Agency Chicago

by Amy Finley

Whether you’re buying or selling or selling a home, or looking for an apartment or place to rent in Chicago, there are many reasons you should look for a qualified real estate agency. Chicago is one of the best places in America to live and work – buzzing with activity in both economic and cultural endeavors.

Getting a good real estate agency, Chicago offers many options

First off, if you’re still questioning whether or not to check into a real estate agency, Chicago is a huge city, and it will more than likely be to your best advantage to find one.

If you are interested in buying a home or renting an apartment, a real estate agency is going to have the best information and have the most up to date listings, enabling the process to be much more effective.

If you are planning on selling your existing home, the time, effort, and confusing paperwork involved with selling by owner is enough to make most people ready to pull their hair out. More than likely, the sale of your home will be much more prompt and efficient if you hire a qualified real estate agency. Chicago homeowners do have to be careful, however, which leads us too…

Double standards in Illinois law

Strangely, Illinois law allows a real estate agent to function as both a buyer’s and seller’s agent. This seems like a double standard, because it’s hard to imagine how the agent can represent the interests of both parties fairly.

So, one of the best ways you can be on top of this law is to garner as much information as possible before you even deal with a real estate agency. Chicago real estate agencies almost all have detailed websites, and you can even go on general real estate websites and gather a huge amount of information.

When you do contact the real estate agency directly, make sure you specify you want a buyer’s or seller’s agent, depending on what your needs are. Make sure you understand all the terms disclosed by the real estate agency. Chicago may be a city of dreams in many ways, but you don’t want your buying or selling experience turned into a nightmare.

If you don’t understand something, ask! Make sure all the terms are clearly outlined from the beginning.

Understanding the neighborhoods

This also applies to both buying, looking for rentals and selling: make sure your agent is knowledgeable of the neighborhoods. This is important because no matter how much honesty and integrity (and you certainly don’t want a company without those either!) illustrated by a real estate agency, Chicago is a huge city with very different neighborhoods.

If you’re looking for an apartment or loft near the hubbub of the city, you might consider an area like the South Loop – close to Chinatown, art galleries, Columbia College, and Institute of Art. If you’re looking for a quiet, comfortable residential neighborhood, an area like Ravenswood might be more your style. When you deal with a knowledgeable real estate agency, Chicago areas can be categorized to maximize your time and help you to best find what you’re really looking for.

This applies when you are selling, as well, because an agent knowledgeable about your neighborhood will better be able to prepare for and meet the needs of a prospective buyer, enabling a quicker sale of your home.

So, the bottom line is to be prepared, by gathering information on the Internet, asking questions about what you don’t understand, and doing your homework to make sure you get a knowledgeable real estate agency. Chicago may be your new home, or free you to find a new home elsewhere, before you even know it!

In addition to being a freelance journalist with PULSEMEDIA International, Ms. Finley is also a creative writer and a graduate student of English at Cleveland State University. She lives in Rome, Ohio with her husband and three young children.

 

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