VIP Condos

VIP condos.  Just the name conjures up images of style and luxury.  What is exactly a VIP condo?  VIP condos are condos that are not normal.  They are the condos that have the most amenities and stick out above all the rest.  They are the condos that are on the top floors, many times double floors with the most square footage.  When you here of someone buying a penthouse condo in Chicago, they’re buying a VIP condo.

What does VIP stand for?  VIP stands for Very Important Person.  It’s used though in situations of luxury and convenience.  If you go to a restaurant and you’d like your car parked in the VIP parking section, it’s being parked in an exclusive area, most likely easy to reached and faster access when you get out of the restaurant.  What about VIP seating?  This is when you go to a theater and you are in the front row of the balcony section, sectioned off from everyone else.  You get treated like a VERY IMPORTANT PERSON. 

VIP condos are everywhere and can be purchased for lower than you think in today’s market place.  There are so many examples of condos in the downtown area of Chicago that were originally priced well over one million that have either been foreclosed on or they are in a short sale mode allowing you to purchase VIP condos for thirty and forty cents on the dollar.

How do you get a VIP condo? One of our real estate agents can assist you in downtown Chicago condos that are in foreclosure or short sale mode.  Go to the OwnACondo.com website and register with your needs or call us at 866.696.2266.  We’ll be able to handle all your questions including a list of all the condos in the VIP and luxury arena.

VIP and luxury condos start normally above $500,000 and can go up to $50,000,000 for the outrageous in VIP. Most VIP condos are in the downtown areas of cities, but you’ll find many penthouse style condos in just about any condo complex.  As mentioned earlier, they are the ones with the most upgrades, parking spaces, deluxe floor plans, etc.

Luxury condos can cost more not only in price but to maintain.  You’re not only paying a higher mortgage, but there will be higher association fees and expensed related to taxes and insurance because of its size.  For those of you that can afford a luxury condo, you probably can afford the extra cost to maintain it as well.