As a first-time buyer for condos in Chicago you may be looking to purchase. Fortunately, Chicago has a huge inventory of condos for sale so you should be able to find exactly what you want. However, there are a few things to keep in mind when searching for that perfect unit to buy… #1 Building [...]
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Archive for the ‘Buying’ Category
Chicago Condo Prices Show Gains
Is the Chicago condo market on the verge of making a comeback? Condo prices had their third consecutive month of year-over-year gains last month, which could be a good sign for both Chicago condo buyers and sellers alike. According to the latest report from the Illinois Association of Realtors (IAR), the median price for Chicago [...]
The Age of Buying Affordable Homes
In a recent letter to shareholders, billionaire investor Warren Buffett said American society should encourage the purchase of affordable homes and move away from the very American ambition to own a dream house. It may sound like an oxymoron, but the idea has merit and may be just what the housing market needs to rebound. [...]
Chicago Real Estate: it’s not just What you buy, it’s Where you buy
There’s more to buying a Chicago condo than finding one you just can’t live without. Before you sign on the dotted line, make sure you’ve spent some time in the neighborhood. The property may end at the lot line, but remember, you’re buying into the surrounding vicinity, too. If you are not already familiar with [...]
How to Find More Storage for Your Condo
He who has the most toys wins is an oft-quoted remark regarding the end of someone’s life. For most homeowners, however, the size and sheer quantity of their collection of books, electronics, furniture, clothes and the like can mean an immense amount of clutter and disorganization that greets them every time they walk through the [...]
Four Things to Know Before Buying A Condo
Condo ownership is an attractive option for people who want to own real estate but would prefer not to spend the time and effort maintaining a single-family home. The key to buying a condo, like purchasing any piece of real estate, is to do your homework before singing a binding agreement. You’ll want to thoroughly [...]
Proposed Ordinance Protects Condo Buyers
A new proposal from Mayor Daley would benefit Chicagoans who want to purchase condo conversions in the future. The plan is meant to protect both the renters who live in a building slated for conversion and those interested in buying the finished properties. Mayor Daley introduced the measure to City Council at Wednesday’s meeting.
Single Homebuyers Look Past the Condo for First Purchase
In the past, young singles looking to buy a place of their own leaned toward condos and other attached properties for their first home purchase. But the current economic landscape has made it possible now for many of these unattached homebuyers to afford detached dwellings…
Five-Year Rule of Thumb for Buying a Condo
Ever heard of the Five-Year Rule as it pertains to real estate? For a while the rule was thrown out the window when people were buying properties, flipping them, and selling at a profit after a few months…
Record Low Mortgage Rates – Is It Time To Buy?
Many potential condo buyers have said they are waiting for prices to hit bottom before they want to purchase. Perhaps it’s not home prices we should focus on…
