Chicago Condos

This week we're featuring three new developments under Chicago condos for sale.  We have the property known as 9 west Erie Lofts, we're featuring the Emerald Condominiums and lastly, Wrightwood Crossing.  All three developments are located in the city of Chicago.

The Chicago condos for sale can be found by doing a condo search of all units available through the Multiple Listing Service.  The Multiple Listing Service provides an arena for all real estate companies to advertise their own individual listings.  It's great for the consumer because they can go to one place and see all the Chicago condos for sale versus going to every individual real estate office all over the city to see what each office inventory looks likes. The MLS provides you detailed reports of each Chicago condo for sale, the price, location, how many bedrooms, etc.

If you looking to sell a Chicago condo and you'd like to have it advertised on the Multiple Listing Service, you'll need to be represented by a real estate company that's associated with the MLS.  Ninety-nine out of one hundred real estate offices are members o the MLS.  If you're interested in being in the MLS but do not want to list with a company because you do not want to pay the fees of a real estate firm, there are discounted real estate brokerages that will allow you to list for a small fee opposed to a real estate commission.  I've seen many of these places advertise a fee of about $300-$500.  They would list the property on the MLS and as calls and showings come in, they leave everything else to you. 

The Chicago market has really picked up in the second quarter versus the first.  Almost two times the Chicago condos are closing in the second half.  Many Chicago real estate offices are busy and there's a lot of condo buyers looking to take advantage of the $8,000 tax break that ends on November 30^th of this year. If you're one of the many looking to take advantage of the $8,000 tax credit break, make sure you start the process of buying your Chicago condominium soon.  We're already half way through July and it takes at least a few months to find your perfect Chicago condo.  Then you have to finance the condo.  That could take roughly thirty days.  The best thing to do if you want to take advantage of the tax incentive is to start looking now.  Five months will fly by.