What does this summer market mean for you?

By Urban Real Estate

Whether you’re buying or selling property, the robust summer real estate market makes this upcoming selling season a unique opportunity for those on the fence about entering the market. In April, the National Association of Realtors (NAR) reported a climb of 1.1 percent in existing-home sales. However even with this increase, overall property sales are lagging as home prices continue to climb, putting pressure on what prospective buyers are
able to afford.

So, where does this put you as a buyer or seller? “Well, if you’re considering selling, there is a continued shortage of homes on the market, and yes, buyers will pay top dollar, and often more than list, for a home that is priced compellingly,” said Michael Emery, senior partner at Urban Real Estate. “Now is a great time for anyone contemplating a sale of an investment property, or one who is seeking their next home to sell. A great strategy can make you money on your purchase and
your sale.”

If you’re a renter or are interested in making your first purchase, working with a real estate broker and lender can help get your “credit house” in order. “There is nothing more important than working with a broker to assess what you are hoping to accomplish, what you can afford and work with a team to help you realize those goals. Often, that preparation makes for a perfect parlay when shopping. Buyers can make an offer with confidence and a plan,” Emery adds.

At the New Eastside’s Urban Real Estate, brokers are available for a consultation any time to help you determine what your home’s value is, help walk you through planning for your next transaction, and protecting the greatest investment you will make. For more, drop by the Urban Real Estate office at 400 E. Randolph St., visit UrbanRealEstate.com or call (312) 528-9200.

Published May 3.