Chicago, Illinois Real Estate Agents And Home Values

How a Real Estate Agent Can Help You Buy Or Sell a Piece of Chicago

Chicago is one of the hottest real estate markets in the U.S. While other housing market values declined, the Chicago market remained steady and took less of a dip than most other major metropolitan areas. There are several reasons for the upward trend in Chicago's market. First, Chicago remains a major tourist destination. Tourism brings dollars as well as interest in the area. Since the completion of the world-class Millenium Park on Michigan Avenue, tourism has increased from around the world. Today more than ever, visitors from Russia, Asia and the Middle East are bringing investment dollars and buying up property throughout Chicago. The influx of tourism and money has resulted in steadily rising prices in some of the tonier areas of the city, such as the Loop, Bucktown and the Lincoln Park areas. If you have a property to sell, or you want to buy a piece of Chicago while it's still affordable, you need to contact a Chicago real estate agent. You don't pay your Realtor anything up front. He or she gets paid only when you buy-or sell- property. At the closing table, the Realtor gets paid part of the sales commission which typically ranges from a low of 3% to a high of 7% of the purchase price in the Chicago market. Real estate agents in Chicago are licensed by the Illinois Board of Realtors. Licenses for agents representing buyers are the same licenses used by sellers' agents. In fact, buyer and sellers are often represented by the same agent in an arrangement known as "dual agency." A dual agent represents both the buyer and the seller in one transaction, and keeps confidential information confidential. A dual agent cannot, for example, disclose that a buyer is really willing to pay more than they've offered. Conversely, even if he or she knows, the agent cannot disclose that the sellers would accept less than the asking price.

Chicago zip code(s): 60601, 60602, 60603, 60604, 60605, 60606, 60607, 60608, 60609, 60610, 60611, 60612, 60613, 60614, 60615, 60616, 60617, 60618, 60619, 60620, 60621, 60622, 60623, 60624, 60625, 60626, 60628, 60629, 60630, 60631, 60632, 60633, 60634, 60636, 60637, 60638, 60639, 60640, 60641, 60642, 60643, 60644, 60645, 60646, 60647, 60649, 60651, 60652, 60653, 60654, 60655, 60656, 60657, 60659, 60660, 60661, 60663, 60664, 60665, 60666, 60667, 60668, 60669, 60670, 60671, 60672, 60673, 60674, 60675, 60677, 60678, 60679, 60680, 60681, 60682, 60683, 60684, 60685, 60686, 60687, 60688, 60689, 60690, 60691, 60693, 60694, 60695, 60696, 60697, 60699, 60701, 60706, 60707, 60803, 60804, 60805, 60827

3106902 Population

Demographic details about: Chicago, Cook from Illinois state

Population Pers. house dold Average income per house hold Average house value
3119144 2.72 26,451.29 117,798.99

*** Geographical data provided above is based on the year 2000 census.

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