19 October 2009 ? The biggest bargains in Chicago?s real estate market continue to be high end single family homes. With virtually no financing now available for upper bracket homes, sellers are waiting for the needle-in-the-haystack buyer who falls in love with their home and has the cash to close. In Chicago, McMansions are selling for hundreds of thousands and in some cases millions less than the sellers purchased them for, especially those that bought in the last five years. Developers and private sellers alike are having to write checks so close the deal or are negotiating short sales with the banks. There are great opportunities for buyers in the $2,000,000 plus price range, but cash is king. No financing contingencies please.Email This Post To a Friend.
Bargains Abound for the Highend Cash Buyers
October 19, 2009
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