Chicago Relocation

Attention Chicago Transferees – Relocation Season starts today!

January 3, 2010

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My longtime colleague Jim Kinney was interviewed today for Mary Umberger’s real estate colum in the Chicago Tribune.

In it she describes (as your humble author has done many times before) that traditionally the “spring season” starts the weekend after the super bowl (some big football game, I’m told).  However, given the unique market situation in Chicago and other parts of the country, she feels that we’ll be starting a bit early this year – She quotes Kinney ( vice president of luxury home sales for Baird & Warner  ) as saying “We’re going to see a lot of property coming on the market; we’re going to see everything that people took off the market in the fall, knowing they were going to be back in the spring in order to qualify under multiple-listing service rules as “new” listings” (a little trick realtors play on a regular basis).

Kinney still warns us about, as Mary Umberger puts it – the “danger in relying too much on what the guy down the street is asking.”

Kinney adds – “An awful lot of listings are wrongly priced. If people use those as a guidepost, they could get into trouble. Do a combination of historical data (houses sold no longer than six months ago) and looking at who you’re competing against, once you’ve determined whether they’re valid prices.”

I’ve known Jim for a decade and he’s been pricing properties correctly for more than twice as long.  Have a listen to what he has to say…


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