Nearly two weeks into September, many Chicago renters are preparing for what some believe is the biggest moving day of the year. While it’s hard to estimate an exact number for how many renters switch addresses on October 1, approximately 50-60% of all leases In Chicago start on either May 1st or October 1st. And for those ultra-procrastinators still looking for a new place to call home by months end, many great units are still available in top neighborhoods such as Streeterville rentals, Gold coast, River North, West Loop or the Loop-but you need to act fast and you need to know where to look. There will likely always be something on the market that could suite your needs; however there are some locations that should be ruled out for those doing a last minute search. With school recently beginning fall sessions, inventory around Loyola University-Chicago (Edgewater, Rogers Park), DePaul University (Depaul-Lincoln Park), University of Illinois-Chicago (Near West Side), Roosevelt University (Loop) and Columbia College (South Loop) may be somewhat depleted and better rentals will likely be found away from these campuses. Another tip that should be strictly followed is to avoid the various apartment finding services popping up all over the city. As previously documented by a number of real estate professionals (and not necessarily real estate agents), using a licensed Realtor allows consumers to work with someone more experienced and has all the necessary qualifications to get situated into a new residence in a quick and efficient manner-an advantage some apartment locators cannot offer.
So for those already settled in their apartment of choice, sit tight and do your best to avoid the countless moving trucks double-parked on side-streets and blocking local alley-ways this coming-October. And for those still frantically searching for a rental unit, avoid wasting precious time and contact Ted Guarnero at Baird and Warner soon as possible at 312-810-6693. There’s definitely still time to find that perfect place-but good luck booking a truck to rent or a moving service to handle those heavy sofas and armoires.
Ted Guarnero, REALTOR® is a full-time real estate agent with over 1000 homes sold and $400 million in sales. Working with Compass real estate offering professional and effective real estate services to help you succeed in the local real estate market. Visit www.seeChicagorealestate.com for information on downtown Chicago real estate and to get in touch with an expert in the Chicago real estate market. Before you hire your next Realtor call Ted Guarnero 855-See-Chicago, it's on the House !