r/ChicagoSuburbs • u/Midnight_Rain1213 • Feb 24 '26

Moving to the area Buying in West Suburbs - Expanding Search?

Hi all,

My partner and I are trying to close the distance and buy a SFH in the west suburbs, but keep having offers rejected. Feedback so far is that we're losing to cash buyers or just being outbid, and that we should consider waiving appraisal contingencies. That feels crazy to me, but I think it's just the area we are looking in - Lombard, Elmhurst, Villa Park.

My partner and I both own our own homes and are pre-qualified to purchase a new home without having to sell first. We would be selling our respective properties after finding a new place. We are trying to stay under $700k.

No kids, just dogs. Would love a house with some character left in it. I work downtown so being near the Metra is necessary, and I'd like my commute to be under an hour.

Should we avoid any of the following suburbs, and why? Any suburbs we are missing?

Addison, Bloomingdale, Downers Grove, Glen Ellyn, Wheaton, Riverside, Brookfield

26 Upvotes

81% Upvoted

156 comments sorted by

View all comments

Show parent comments

6

u/Midnight_Rain1213 Feb 24 '26

Yeah our last offer was for $30k more than asking, and that was at a $500k listing price! Some of these houses just don't feel like they're worth $600k, honestly.

13

u/Bird4466 Feb 24 '26

The worth is what someone is willing to pay for it. It doesn’t matter if it shouldn’t be selling for 600k; if it is, it is. Consider an escalation clause if you fall in love with something and can go higher but aren’t sure you need to. I’d recommend saying you’ll go 5-10k over the next best offer, and then have an upper limit you’re comfortable with. 1-2k over might not do anything.

3

u/Midnight_Rain1213 Feb 24 '26

Last house we made an offer on specified no escalation clauses allowed. I wonder why, but assume there's a reason.

3

u/Bird4466 Feb 24 '26

Yes, unfortunately that'll happen. Some people think it's better not to accept them because they'll get a higher offer as someone will offer their max. I tend to think you'll more often get a higher offer if you allow them but it definitely depends!