How to Not Overpay in a Bidding War

Gold Coast Chicago real estate is some of the most sought after in the city. The Gold Coast neighborhood is a historic district with some beautiful old mansions, townhomes, and buildings that have been converted into apartments. It was a very wealthy neighborhood beginning in the 1880s, when Potter Palmer, a millionaire from the south side of the city, filled in a swamp that became Lake Shore Drive, and built a castle-like mansion there. Other millionaires soon followed.

What these millionaires left behind was some beautiful prime real estate. The whole area is on the National Register of Historic Places. If youre looking for homes for sale in Gold Coast, or even just an apartment to rent, you will be bidding against a lot of other eager people. It is still a very affluent neighborhood, and the more affordable housing there fills up fast.

Chances are high that you will have opposing bidders on any piece of Gold Coast real estate, whether youre looking to buy a home or rent an apartment. Its easy to get caught up in the excitement of bidding, especially if you really want a hard-to-get place. Who knows when something comparable will come up on the market again?

However, at the same time, you dont want to pay more than the place is worth. You can overpay if youre not careful, and end up with monthly payments that take up most of your income. To get a place on the Gold Coast and get it at a reasonable price, you will need the help of a Gold Coast Chicago realtor.

Your realtor knows the Gold Coast well, and is aware of the market value of the properties there. With your realtor on your side, you will know whenever a new property matching your specifications and budget becomes available. You will also get guidance during the bidding process so you dont overpay. Your Gold Coast realtor is there to make sure you get the place you want at the best possible price.

10 Bold Colors for Your Front Door

If youre currently shopping around for homes in Lincoln Park, then youre certainly not alone. After all, this is a high-demand area to live, with its rich history, scenic views, boutiques, and cafes. However, if you want the best chances of being able to find the home that suits your needs and budget, then youll want to have assistance from an experienced Lincoln Park real estate agent. This way, you can save time when it comes to hunting for Lincoln Park property.

Once you do find your dream home, however, youll want to do everything you can to truly make it your own. For starters, why not boost curb appeal by painting your front door a fresh, inviting color? Some of the more popular and bold colors for front doors these days include:

  • turquoise
  • crimson
  • yellow
  • orange
  • olive green
  • purple
  • black
  • radiant blue
  • coral pink
  • bright red

When it comes to picking a color for your front door, be sure that it will complement your homes exterior well. Dont worry too much about whether or not the color will match your homes interior, as youre under no obligation to paint both sides of your door the same color. Feel free to mix and match as needed. You might be surprised at just what a difference a fresh coat of paint on your front door can make in your new home!

Contact us today for more information about Lincoln Park real estate!

What Young Buyers Look For in a Home

According to a National Association of Realtors survey, Generation Y buyers (those born between 1980 and 2000) are the second largest segment of buyers in the market today. If you have Chicago real estate, it can be helpful to know what these young buyers are looking for in a Chicago condo or single family home. A recent article from ABC News details the ten things these young buyers are looking for.

  1. They want kitchens and bathrooms that are updated.
  2. Rather than a formal dining room, they prefer a larger kitchen and open space.
  3. These young buyers desire locations that are close to public transportation and are safe for walking.
  4. Young buyers want homes that are easy to take care of and are low maintenance.
  5. Home offices are viewed as a plus.
  6. This is a generation that grew up on technology and they want the latest in their homes.
  7. They want homes that are green and energy efficient.
  8. Young buyers expect homes to be staged.
  9. They want low housing association fees and assessments.
  10. They start their searches online so online photos and details are a big plus.

If you are looking to buy or sell Chicago real estate, contact a Chicago Realtor who is experienced in Chicagoland properties. Contact us and let us help you make the most of your Chicago real estate investment.