Testimonials

"For the past seven years, Essex Realty Group, Inc. has represented Interforum Holdings in various real estate transactions. Essex has provided us with ongoing advisory services and has consistently conducted business with the highest degree of integrity. Read More

Testimonials

"Essex did an excellent job with the recent sale of one of our investment properties. The entire process went very smooth, starting with their initial valuation to the closing of the transaction. We were very happy with their efforts and the final outcome."

Dominic A. Sergi
SFP

Testimonials

"We have both sold and purchased buildings from Essex Realty Group for the past 18 years. We value their knowledge, dedication and HONESTY. We now value their friendship also!"

Marty Max
MLC Properties & Management

Seller Representation

Our goal is to procure the highest price for our client’s properties by creating the most efficient and competitive marketplace possible. While we tailor each marketing process to the specific needs of our clients, the following steps represent the overall strategy by which we represent sellers.

Step 1: Establishing Offering Price

Prior to entering into a listing assignment, Essex conducts a thorough analysis of our client’s property. We believe in providing an honest and thoroughly researched analysis that enables our clients to make the best decision possible.

Step 2: Preparing Marketing Materials

Essex creates a thorough marketing package for each of our listing assignments. This book contains, but is not limited to, an executive summary of the property, a current operating statement, an accurate rent roll, property tax and assessment details, rent comparables, sold comparables, and any other information that helps to showcase a property in its best light. We do not use a standard template; rather, we tailor the marketing book from scratch for each property, ensuring greater attention to detail.

ReDONE_Marketing_Package_for_Web

Step 3: Marketing and Property Tours

Essex has compiled a database of each apartment owner and investor throughout Chicago and suburbs. This enables us to efficiently and thoroughly target the highest probability buyers. We focus our marketing efforts on direct contact. This includes face-to-face presentations, telephone calls, emails, mailings, and newspaper advertisements. This proactive approach leads to greater excitement, activity, and number of offers for our clients’ properties.

Essex agents conduct showings of each listing in a discreet manner to avoid disrupting current building operations. Furthermore, we pre-screen potential buyers to ensure they are financially qualified to undertake the transaction.

Step 4: Coordinating and Negotiating Offers

The cornerstone of Essex’ success is our ability to bring our clients the highest price and most favorable terms for their property. Essex agents average more than ten years of real estate experience, increasing the likelihood of a successful transaction.

Step 5: Due Diligence and Closing

Essex helps to coordinate due diligence, including on-site inspections, appraisals, or walkthroughs from outside contractors. As a fiduciary and advocate, we believe that our presence during this pivotal stage dramatically increases the likelihood of a successful closing.

Essex’ assignment is not complete until the transaction has closed. Essex has worked with virtually all of Chicago’s top lenders, attorneys, appraisers, environmental and engineering firms. These relationships better enable us to work through problems that may arise.
 

 

Essex Realty Group, Inc. 2211 N. Elston Ave. Suite 302, Chicago, IL 60614 PHone: 773.305.4900

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