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Typical earnest money for Chicago home sales

This past week I’ve been working with buyers who are getting very different requests from sellers for earnest money. In Chicago there is no such thing as a typical amount of earnest money or a typical time when it is due.

Posted in: Home Buying Tips

Chicago real estate agents, listing agents & buyer agents

I had a phone call from a gentleman this week asking if I was the listing agent for downtown condo. I replied that I wasn’t but that I could help him as a buyer agent to which he replied, “What’s that?” Here’s what a buyer agent is along with explanations of other common real estate titles.

Posted in: First Time Home Buyers, General Real Estate

Why you don’t want to buy a short sale

A year ago I started working with a woman, Carolyn, who wanted to buy a house. She was a first time homebuyer and excited to take advantage of the first time homebuyer tax credit. Carolyn fell in love with a house for sale that was a short sale. We learned that there were already other offers […]

Posted in: Foreclosures & Short Sales

My blog content used without permission by Altisource Portfolio Solutions

Last Wednesday I sent an email to Go Homing telling them to stop publishing my blog content and remove all of it from their Go Illinois REO site. Go Homing is an online bidding site for REO (real estate owned) also known as bank owned or foreclosed homes. Go Homing is part of Altisource Portfolio Solutions. I made […]

Posted in: Foreclosures & Short Sales

Should you view homes above your price range, if they’re on market 30 days or less?

This week I received a great question. Michael M. asked, “Is it wise to see a home that only recently came on the market (let’s say less than 30 days) and is $25-50K out of your price range? Or should you wait until there is a price reduction that brings it closer to your comfort […]

Posted in: Home Buying Tips

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"I appreciate the fact that you focused on what I was looking for in a condo without pressuring me into a quick sale as I've experienced in the past with other agents."

Allison

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Ron

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Mark

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All content on this site with the exception of listings was written by Baird & Warner Realtor, Fran Bailey.

Fran Bailey, Realtor
Baird & Warner Real Estate

737 N Michigan Ave 1800
Chicago, IL 60611
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