Edward Terry
Edward Terry has joined OwnACondo.com’s growing team of dedicated Realtors®, bringing with him four years of extensive real estate experience.
Edward, a resident of Chicago’s Gold Coast neighborhood, studied business at DePaul University, and was a session musician and songwriter until 2007 when he discovered his passion for real estate.
“I was intrigued by the process,” he said, explaining that he became interested in real estate when he bought his own home, and decided to make the career move.
“I am very neighborhood-driven. Just my market knowledge alone is very valuable to my clients,” said Edward, adding that he is particularly knowledgeable about all the condo developments and high-rises between the South Loop and the Near North Side. In order to best help your clients, it is very important to ‘know the inventory,’ he said.
Edward Terry was a buyer’s agent at Keller Williams before joining OwnACondo.com this year.
His specialties include:
- Buyer consultations
- Negotiations
- Closings
- Downtown real estate
- Gold Coast real estate
- River North real estate
- South Loop real estate
- Chicago North real estate
- Chicago South real estate
- Negotiations
- Investors
- First-time home buyers
When he is not helping his real estate clients search for condos, or sell them, Edward Terry still enjoys playing guitar and piano as a form of relaxation. He also enjoys playing golf, and traveling with his wife.
If you have any questions, or would like Edward to help you find your dream condo or investment property, you may contact him at eterry@ownacondo.com or by calling (773) 407-9045.
Shadow Inventory–A New Name for an Old Problem in Real Estate
By Dean Delisle
It’s no secret that there is plenty of foreclosures, Bank REOs and troubled real estate. Now we have a new term coined by Standard and Poors called “Shadow Inventory.” The true definition as stated in the article is: Shadow inventory is defined as distressed properties in which borrowers are 90 days or more delinquent on mortgage payments and where properties have recently fallen into foreclosure or are real estate owned (REO).
So it seems like the distressed properties that are actually in their transition stage. As a business guy who launches brands, products, services and companies, this breeds true opportunity in this marketplace. As you notice the launch of companies like BankREOs.com and others, you will see that real estate as we know it will never be the same. Does that mean we will have call center-based agents in Bangladesh or that auctions will increase or that ALL real estate will be purchased online from anywhere in the world? It will be interesting the watch the movement of this massive wave which has only just begun!
Condo Company Focuses on National Expansion
OwnACondo.com, a condo only brokerage that originated in Chicago metro, is now expanding across the United States in a rather rapid fashion. By the end of 2011, the company expects to have at least 25 condo cities up and running and another 25 in 2012. The company currently is licensed to do business in the state of Florida and Illinois, with California, Michigan, Indiana and Georgia following right behind.
OwnACondo.com not only focuses on condos, but they will only work with the buyer side of the transaction, leaving the conflict of interest out of it. With 100% focus on the buyer, the company is in a position to service the buyer like no one else in the real estate industry. The buyer of the condominium needs help with condo association law, condo financing, the condo market, condo real estate auctions, condo foreclosures, etc.
OwnACondo.com has been in business since 2000, servicing condo conversions in the Chicago market. Today, OwnACondo.com trains its condo Realtor experts to focus on the best buying opportunities in the market place for their clients. They inform the general public what condo not to buy.
You can reach OwnACondo.com by calling 866.696.2266 or visit them online at OwnACondo.com.
Blizzard of 2011
The week-long anticipation for what is supposed to be the biggest storm since 1967 has finally arrived. It's already known as the Blizzard of 2011. Chicago has received approximately 20 inches of snow and it is STILL coming down. The wind is howling and the snow is blowing like glitter everywhere and on everything.
As I sit here working on this snow-filled day, I can't help but wonder why people are actually out in the Blizzard of 2011. It made me wonder how many Realtors® are actually showing properties in this weather? I would like to invite agents and clients to comment on this blog if you were actually braving this storm and taking people out for showings! I can’t imagine if this were true, but this would certainly show true dedication to the real estate profession and your client.
OwnACondo.com specializes in working with buyers and sellers, in rain, sleet AND snow! We make a promise to do our very best to find you the property of your dreams in the timeframe that is desirable for you. The buyer is our main focus and we strive to make the experience as seamless and perfect as possible. After all, we aim to please “you”, so what more could you ask for?
Please visit OwnACondo.com and see what we are all about. If you are looking for a place to live, then “You” are who we are all about! See a list of our specialized agents and allow them to brave the storm with you! Even the Blizzard of 2011 can't stop us!
Choosing a Neighborhood
After deciding to buy a condo, or any home, choosing a neighborhood is likely to be one of your most important decisions.
Within cities such as Los Angeles, Chicago and New York, there can be any number of neighborhoods, all quite different from one another. Of course, price will likely be a deciding factor, whether you are looking for a luxury condo or a starter home. But even within the same price range, there are a lot of variations.
There is much truth in the old saying in real estate about “location, location, location,” being the most important factor in home values. Depending on your needs, being close to a nice coffee shop, restaurant, grocery store or dry cleaner’s—or even your favorite “watering hole” can be of prime importance, and should not be overlooked when choosing a neighborhood. Accessibility to public transportation or major highways is something else to consider. Accessibility and the quality of schools are also a major consideration for many people when choosing where to live, not only if a member of the household needs to attend school, but as a selling point when it's time to move on. Whether you are buying or renting a condo or house, there is no point in settling for something in an area that doesn’t suit you.
It is wise to visit the neighborhood at different times also, to see if you like the atmosphere. Why wait until moving day to find that the neighbors like to blast music at all hours of the day and night? Introducing yourself to neighbors is also a good idea. It doesn’t hurt to ring a few doorbells on a weekend just to say hello when you are choosing a neighborhood. Who knows, if you are looking in celebrity hotspots such as Los Angeles or New York, you might find anyone from Anderson Cooper to Ziggy Marley living next door.
In any case, our Realtors® are ready to help you find the perfect place.
