Chicago condos

"I subscribe to the law of contrary public opinion," said Al Pacino's character Ricky Roma in the brilliant 1992 movie Glengarry Glen Ross. "If everyone thinks one thing, then I say 'Bet the other way'." 

Plenty of condos, townhomes and houses are still selling around Chicagoland and around the nation, despite the fact that sales are down from the recent record-setting period. Who's buying? Lots of people who realize that a slower market is precisely the best time to buy.

But let's forget ficticious characters with clever lines in movies. In the 1980s when the stock market declined and interest rates went to double digits, Warren Buffet, who is now arguably the richest man in the world, coined the phrase "Wall Street had a clearance sale, so I bought." He understood the opportunity available when everyone else was selling. And you can bet that people like Buffet, Donald Trump and others are buying real estate in the current market.

Opportunity is abundant today in the condo market and you don't have to be a billionaire to take advantage of it. Choice is plentiful and negotiating power is high for buyers. Real estate remains the best way to build wealth over time. The market has pulled back from the ultra-fast annual appreciation and buying/selling frenzy of the last few years, a pace that no one expected could or would continue indefinitely. We're now returning to steady, solid growth in real estate.

The National Association of Realtors follows home prices and found that for the last 30 years, values increased an average of 6% per year, including the cycles. The time to get involved is now. 

Give us a call at 866-696-2266 so we can help you get started on finding your dream condo for your residence or for investment. You'll look back and enjoy knowing that you had a contrary point of view.