Condominium Specialist

When seeking to buy a condo, especially if it's your first, please make sure you zero in our working with a condominium specialist.  The effort you exert to make this happen in the beginning of your quest will certainly pay off in the future.

 

A "condo only" condominium specialist means that he or she just sells condos.  They do not represent homes, office buildings, land, an apartment building or a strip center.  They sell condos and only condos. Though it seems to go without saying, this changes everything.  This condominium specialist works only with buyers looking for condos. That means everyday they wake up, they are looking at different condo developments all over Chicago and getting to know the market better than anyone else.  They are trained on condos every day, every week, every month back at the office.  This naturally makes them better than anyone in the industry when it comes to condo representation.

 

Working with a specialist that only represents condos in Chicago is one thing, but how about an entire company that only does this. Can you imagine every real estate agent in the office doing nothing but working with condos?  This brings up the level of service significantly.  This is what you need if you're looking to buy your first, second or twentieth condominium. 

 

There are many things to look out for when buying your condo in Chicago, Miami, Los Angeles or New York.  Are the condo associations caught up?  Do they have a reserve for soon to come major improvements?  Are there any foreclosures in the condo complex affecting the state of the association budget?  Your condo realtor and your attorney will help you through all of these questions and many more.

 

It starts with you doing your due diligence.  Focus on picking the real estate company that services condos only.  Then, ask for a realtor or two within that company that you can interview to see who you feel comfortable.  Remember, this is you most expensive transaction of your life.  You're buying real estate. 

 

Don't take this lightly.  The knowledge of Realtors that do nothing but sell condos is huge. Take advantage of it.