Mark Sotir
Broker
Realty Executives Midwest
Naperville Last Fling
Naperville Last Fling starts August 30th to September 2 with music, food, and family fun. Here are some music acts that will be at the Last Fling.
Friday
Bettter Than Ezra
7th Heaven
Satuday
Vertical Horizon
Sunday
16 Candles
Big Hard Todd and The Monster
Other Acts at the Bolck Party Stage
Hi Infidelity
Wedding Banned
Kashmir
The Last Fling is a family friendly festival which is over Labor Day weekend in downtown Naperville and it is a good way to say good bye to the summer.
There are many things to do from the Art Expo, Family Funland,Jackson ave, and a Carnival for everyone to enjoy. Make sure you visit Bacci Pizza, Balbon’s Cheesecake, Kona Ice, and Gaby’s Funnel Cake to enjoy some of the more delicious food in the Western Suburbs, but also there are many more food vendors to enjoy.Also Naperville has a Labor Day Parade and special events all weekend long. Click Here to get more information about the Last Fling in Naperville
If you're looking for some entertainment in the Chicagoland area in the next week, check out Restaurant Week! This is the perfect time to try out that posh place you've always passed by - over 370 participating restaurants are offering a prix fix menu for lunch ($22) & dinner ($33 or $44). Now's the time to get a taste of all that the culinary world of Chicago has to offer!
Restaurant Week will run through February 8th, 2018. Make sure to check out this site for details on participating restaurants and don't forget to make your reservations before you head over!
For buyers who are just entering the market or for those who have lost out on one or several properties, here are a few tips for putting your best foot forward and successfully navigating a multiple-offer situation.
Follow What is Happening in the Market.
Are homes selling over asking price? Is seller’s underpricing to encourage multiple offers? What are similar properties selling for? An experienced agent, who you trust, can help to determine appropriate value based on the current market trends and can assist in negotiations and advice throughout the process.
Come in Strong Upfront.
If you know, or suspect, that you’re entering a multiple-offer situation, you’ll want to come in strong from the very beginning. Some buyers try to come in low initially as a negotiation strategy; however, if the property is priced well and is expecting multiple bidders, you may not want to risk having the seller disregard your offer immediately for not being a serious contender.
Many agents suggest their sellers counter all of the offers in a multiple-offer situation, but that decision is ultimately up to the seller. They may choose to counter all offers, they may only counter a portion of the best offers, or they may decide to choose an offer after the initial submission with no counters at all.
One of the most important factors when a seller is considering multiple offers is their belief that the chosen buyer is serious about buying the property, and that they have the ability to meet the terms and close the sale. One of the best ways to do this is to come in strong right from the start.
Come in Clean and With as Few Contingencies as Possible.
Make your offer as clean as possible and package everything to be submitted together in a coherent way. You don’t want the seller or their agent to have to chase you for paperwork, signatures or proof of funds.
Unless you’re paying all cash, it may be difficult or impossible to come in completely non-contingent, though there are ways to make your offer more appealing.
If you need financing, get a Pre-Approval Letter (vs. Pre-Qualification Letter) from your lender to prove your chances of getting your mortgage approved are excellent.
Be Flexible With the Seller’s Needs.
It sounds simple, but many agents and their buyers don’t take advantage of this simple step. Another easy way to make your offer stand out above the others is to have your agent find out what terms the seller is looking for and meet those needs.
For example: Do they want a long escrow period because their next home won’t be ready yet? Are they requesting a leaseback? Do they want to close quickly because they have already purchased and closed on a new property? Price and financing are not always the number one concern to a seller, so meeting their other terms is another way to make your offer more attractive.
Create a Personal Connection.
Can a personal letter really work? The answer is yes, depending on the property, adding a personal touch to your offer can have an impact.
A personal letter to the seller letting them know how much you love their home and how much you’ll enjoy it and will take care of it may be just the edge you need to overcome another prospective buyer.
Taking the time to write a thoughtful note also shows your dedication to the purchase and ensures the seller that you are a serious buyer.
Don’t Get Too Caught Up in the Bidding War.
Try to stay level-headed and make sure that you are completely comfortable with your offer and terms and that you're not over-bidding just to win the property, only to feel you’ve overpaid afterwards. You want to come in with your best offer possible, as long as it still complies with your needs and goals.
Stay Positive and Keep Your End Goals in Mind.
It can be incredibly frustrating to buy a home in a competitive marketplace but it is normal for buyers to lose out on several homes before one sticks.
Sometimes it takes a few times around to fully understand the process and what is necessary to win in a multiple-offer situation. Working with a professional who you trust and respect can help the process feel less daunting.
For the Market Activity Report in your area - give me a call.
Mark Sotir
630-815-8098
marksotir@realtyexecutives.com
*Partial resource: Excerpts from an article How to Navigate a Multiple Offer Situation written by Sally Forster Jones 8/5/2016 for US News
Gathering the family around a crackling fire can be one of the joys of the coldest months… or it can be a nightmare. It’s one thing to be seated cozily on the couch while the firewood glows, and quite another to be standing on the curb in the cold watching the fire department trying to save your home.
More than 14,000 fires begin each year in fireplaces, and fires are the cause of nearly $900 million dollars in property damage. Don’t be a victim because of shoddy maintenance or careless usage of your fireplace. This goes for both wood-burning and gas fireplaces.
Here are some tips to maintain your fireplace and protect your life:
Would you like a home with a fireplace? Let me help you find just the right one.
Mark Sotir
Realty Executives Midwest
1310 Plainfield Rd. Ste 2 | Darien, IL 60561
Cell: 630-815-8098
E-mail: marksotir@realtyexecutives.com
Halloween is a lot of fun for adults and kids, but nothing ruins the ghoulish night like a trip to the emergency room or a lawsuit. (This is also a good time to make sure your homeowner’s insurance is current!) In that “spirit,” I thought I’d share 11 tips to help you balance spooky and safe this year:
Have a ghoulishly safe Halloween this year!
Mark Sotir
Realty Executives Midwest
1310 Plainfield Rd. Ste 2 | Darien, IL 60561
Cell: 630-815-8098
E-mail: marksotir@realtyexecutives.com