Category: Chicago condominiums

Resisting the temptation to declare the start of a Chicago housing market rebound

The March sales numbers from the Illinois Association of Realtors were good for Chicago. Not only did the number of condo and single-family home sales in the city rise during the month, so did the median price of these sales. That last point is important. For months, city of Chicago home sales have been rising,... Read more »

Chicagoans can't keep still, apparently

There are a lot of us in Chicago who don’t like where we live. Not the city, of course. We like that. We just want to live somewhere else in it. At least that’s what the latest numbers from Movers.com, an online provider of moving information, seem to suggest. Movers.com released its latest round of... Read more »

When does renting out that hard-to-sell Chicago condo make sense?

When does it make sense to move from trying to sell your Chicago condo to trying to rent it? For Adam Hrejsa, that point came after he reduced the asking price of his condo in Chicago’s River West neighborhood twice. When his real estate agent suggested he reduce the price a third time, Hrejsa took... Read more »
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Selling a Chicago home isn't complicated, even today

David Dornbos Selling a home, whether in Chicago, its suburbs or any other market, has never been a complicated matter. It’s all about making one big decision: Are you going to sell your Chicago condo or single-family home in an “as is” condition with a lower price tag, or are you going to update your... Read more »

Want to sell your home quickly? Get rid of those smells

The smell of cigarette smoke can scuttle your housing sale. My wife and I were looking at a nice home: It was a brick bungalow, well within our price range and large enough for our family. Problem was, it smelled. The entire place reeked of cat urine. That outweighed the hardwood floors, impressive first-floor staircase... Read more »

First-time homebuyers still face challenges

First-time homebuyers still face challenges
Buying a home today is supposed to be easier than ever for first-time home buyers. Sellers are desperate, and are willing to compromise on everything from sales price to repairs to closing dates. At the same time, housing inventories are high, meaning that buyers have plenty of homes from which to choose. But Greg McCoy,... Read more »
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No one's getting lucky in Chicago condo market

Heather Hillebrand Here’s the trick with selling a condo in Chicago: A lot of them are nearly identical. It’s not easy for owners to get their condos to stand out. It’s why veteran real estate agents tell their sellers to never list their condos for a pie-in-the-sky price in the hopes of landing a big... Read more »

Are the Chicago Case-Shiller numbers good or bad?

My idea of roughing it is staying in a Days Inn. So I considered it living like a mountain man this weekend when my family and I went camping just over the border in Wisconsin. I was staying in a lodge, complete with shower, TV and kitchen. But there were bugs all over the place,... Read more »

Condo building auctions not popular in Chicago these days

Evan Gladstone With the Chicago housing market still struggling, and with unsold condo units glutting the city market, you might think that lenders would be selling a lot of multi-unit condo buildings at auction these days. You’d be wrong. Evan Gladstone, executive managing director of Chicago’s NRC Realty & Capital Advisors — a national real... Read more »
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If this is such a great time to buy a home, why aren't more doing so?

A few weeks ago, I spoke with Louis Cammarosano, general manager with HomeGain, about a wide variety of topics, everything from why so many real estate agents across the country don’t like Pres. Obama to why home sellers and their agents have such a wide disconnect between what their homes are worth. At some point... Read more »