Chicago Suburbs Townhomes - Right time to buy/ negotiating

[Jay Kumar]

Hello - I'm planning to buy a town home in Chicago northwest suburbs. I find the prices to be competitive but also most of the homes were in market for quite some time (6 months or more).

I was wondering if this is a buyers market and a right time to invest? ALso, how to find the right deals and negotiate? I'm looking at paletine/arlington heights/hoffman estates/wheeling/buffalo grove areas if that helps.

Thanks,

Jay

[Henry Lazerow]

For negotiating talk to your realtor. On deals that have been up a while I like to go in low enough I know won't get accepted but high enough can get a counter/be taken serious. If it's a newer listing best to talk to the sellers side feel them out see why they are selling, what terms seller might want, etc. and pick offer strategy based on their response. 

Suburbs are picking up for sure. I have dealt with multiple offers on some suburbs properties this year so it's not really a "buyers market". It's still a lot slower then the city though.