Bargains Abound for the Highend Cash Buyers

October 19, 2009

Daily Real Estate Updates

sudler-sothebys-logo19 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.

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About Andrea Geller

Andrea Geller, Realtor┬« with Sudler Sotheby?s International Realty, specializes in residential real estate sales and marketing of resale properties and new construction homes. Acknowledged as an expert in the real estate industry, Andrea has been interviewed for industry related articles for print and online media including the Chicago Tribune, Crain’s Chicago Business, Reuters, Bankrate.com, and Illinois Realtor Magazine. Andrea’s commitment extends to the community as an active member of several professional associations. Her appointments include the Board of Directors of the Chicago, Illinois, and National Association of Realtors┬« and the Lakeview Chamber of Commerce. She markets herself under HOT PROPERTY┬«, an innovation in the real estate industry led by Chaz Walters that has been marketed since the 1990s. This unique real estate concept is always a step ahead of the industry providing marketing from cutting edge interactive exposure to targeted innovative advertising opportunities. Visit her at www.hotpropertychicago.com or 773.868.3090.

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