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Chicago Property Management Blog

4 Insider Tips for Selling Your Home in Chicago

4 Insider Tips for Selling Your Home in Chicago

Currently, homes in Chicago are worth around $300,000, so you can earn a decent amount of money by selling your property if you have one in the city. This gives you the perfect opportunity to embark on a new adventure and move elsewhere, whether that's in the same state, across the US, or even overseas.

Selling a house isn't always easy though, and there are many moving parts to deal with. To ensure you have the best experience possible, you should learn about the process beforehand. Read on for four tips for selling your home in Chicago.

1. Choose the Right Time to Sell

As in all other cities, the Chicago real estate market has fluctuations throughout the year. You'd be surprised at how much more your property can go for if you wait a few months.

Generally, spring and early summer are the optimal times to get a quick home sale at maximum prices. This is because the weather's better and therefore, there's more buyer activity.

2. Price It Right

This might sound obvious, but this is one of the biggest home-selling mistakes that people make. Needless to say, accurate pricing is crucial.

If you overprice your house, then no one will want to buy it. However, if you underprice it, you'll have a loss on your investment.

The smart thing to do here is to research comparable properties in your neighborhood. From there, you can extrapolate and determine a competitive and fair asking price for your house.

3. Enhance Your Property's Curb Appeal

First impressions are everything. If potential buyers pull up to your house and don't like what they see, then this drastically lowers the chance of them putting in an offer.

There are several things you can do to enhance your property's curb appeal, but you should focus on the lawn, front door, and exterior paint. Those are the first things people will look at and use to judge the rest of your home.

4. Stage Your Property Well

First impressions go beyond your house's exterior. You'll also want to stage the interior. Take care to declutter, rearrange furniture so traffic flows better, and decorate in a neutral yet inviting manner.

The most important thing is to remove any personal items, such as pictures. This will help viewers envision themselves living in the property better.

Use These Tips for Selling Your Home

Now you've got great tips for selling your home. If you put these into play, then there's a higher chance that buyers will find your house appealing.

However, the process can be long and grueling, and you may not always get fantastic offers. If you'd rather not go through this, then consider renting out your house instead. That way, you can still make some extra cash.

If you'd rather rent out your property, then contact us today. We provide comprehensive property management services to make your life as a landlord easier.