Real Estate Auction November 8, 2009
OwnACondo.com will be holding a real estate auction in the Chicago area November 8, 2009. The venue will be determined over the next few weeks. There will be many properties auctioned, a majority of them will be condos, but there will be many properties in the auction that day.
The real estate auction on November 8, 2009 will have condos from all areas of Chicago and will feature absolute, reserve and minimum bid auctions. There will be banked owned properties as well as developers and individuals selling their condos that day.
If you're interested in selling a property in November's auction, you can call OwnACondo.com and ask for the auction department. The main line is 866.696.2266. OwnACondo.com serves the Chicago condo community but will be opening in Miami, Los Angeles and New York soon. OwnACondo.com is a real estate company that specializes in the sale of condominiums. It started in the year 2000 with helping developers convert their apartment buildings to condominiums. Today OwnACondo.com represent developers, banks and individuals to help them either sell or buy a condo.
The condo auction being held in November may be a great opportunity for buyers to capture an extraordinary deal on some of the new construction development condominiums out there. There are developers that need to sell a certain percentage of their portfolio so that they can extend their current loan with their financial institution. If they do not sell a certain percentage of units, they may have to face the possibility of either getting a new loan on the project or face foreclosure, both situations not very good for the developer. That means deals for buyers.
The real estate auction held on November 8, 2009 will be here before you know it. If you're looking to buy a condominium, call our office so we can let you know what product will be in the November auction. There's a good chance that you'll have at least a few condos represented in the area that you're looking for. There will be condos in the Loop, River North, Gold Coast, Lakeview, South Loop, as well as many of the suburbs of Chicago including Orland Park, Elmhurst, Lombard and Oak Brook to name a few.
You can register on line for the event or call our main auction line at 866.696.2266 for more real estate auction info. Remember the auction date: November 8, 2009 here in the Chicago area.
