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Selling the typical way, with a local real estate agent, can take a while. Chicago homes spent a median of 68 days on the market before going into contract in December 2023, according to Redfin data.
Most companies that make instant offers on homes work directly with the homeowner, without involvement from a real estate agent. If that’s the case, then no, you do not pay Realtor fees.
FSBO homes are also more common in rural areas, where they account for 14% of sales, compared to just 3% in urban regions. While FSBO homes typically sell faster—67% close within two weeks—they tend to sell for less, with a median sale price of $310,000 compared to $405,000 for agent-assisted homes in 2023.
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The Contract Buyers League (CBL) was a grassroots organization formed in 1968 by residents of North Lawndale, a Chicago, Illinois community. [1] The CBL was founded in order to address the exploitative practices of predatory land contracts in African American communities.
Talk with a real estate agent. Experienced real estate agents know the local market and can provide market-specific advice on what buyers in your area value most. Get a pre-listing inspection.
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