Chicago Real Estate | Taking Advantage of the Market
Michael Russell
June 22, 2009
Real Estate is in an insecure position. If you want to invest, it is important to have the appropriate income, credit and job security. If you have these in place, there are many deals to be had. If a potential investor is not yet ready on this front, now is not a bad time to sit and do research. Watch the market, see how others invest, and then, when the time is right, make the best move you can.
Indeed, the prospect of more than six-figure savings caught the eyes of coupon clippers nationwide and €œpicked up legs and started running€ aided by a public relations firm he hired to spread the word, Ricciani said. He said he received calls about the house from as far away as Europe and the Middle East within the week.
And Ricciani€™s coupon isn€™t the first of its kind to offer such a deal.
In early May, Dorothy Engels Gulden, a 36-year veteran of the Palm Beach luxury market and broker with Gulden Real Estate in Palm Beach, had the same idea brewing for one of her oceanfront listings.
Gulden advertised her $1 million coupon in the Palm Beach Post three weeks before Ricciani€™s ad appeared in the News-Press in Fort Myers.
The property Gulden advertised had been on the market for two years, she said. The owner, a Massachussets resident who was selling because he €œjust wasn€™t using the property,€ agreed to shave a $1 million off the asking price if the house could sell in May.
Gulden created a black and white ad offering a €œfree $1 million€ to anyone buying the property. An ad designer at the Palm Beach Post bordered the ad with dashes and a small scissor.
Gulden said she saw more calls on the property and even received an offer from a New York buyer within the month.
So there you have it, real estate in Chicago is on the move. If you have the means, there is tremendous opportunity and property waiting to be purchased.
Michael Russell writes about a variety of subjects. This article discusses Chicago real estate. For more information, visit the Real Estate Book.
Indeed, the prospect of more than six-figure savings caught the eyes of coupon clippers nationwide and €œpicked up legs and started running€ aided by a public relations firm he hired to spread the word, Ricciani said. He said he received calls about the house from as far away as Europe and the Middle East within the week.
And Ricciani€™s coupon isn€™t the first of its kind to offer such a deal.
In early May, Dorothy Engels Gulden, a 36-year veteran of the Palm Beach luxury market and broker with Gulden Real Estate in Palm Beach, had the same idea brewing for one of her oceanfront listings.
Gulden advertised her $1 million coupon in the Palm Beach Post three weeks before Ricciani€™s ad appeared in the News-Press in Fort Myers.
The property Gulden advertised had been on the market for two years, she said. The owner, a Massachussets resident who was selling because he €œjust wasn€™t using the property,€ agreed to shave a $1 million off the asking price if the house could sell in May.
Gulden created a black and white ad offering a €œfree $1 million€ to anyone buying the property. An ad designer at the Palm Beach Post bordered the ad with dashes and a small scissor.
Gulden said she saw more calls on the property and even received an offer from a New York buyer within the month.
So there you have it, real estate in Chicago is on the move. If you have the means, there is tremendous opportunity and property waiting to be purchased.
Michael Russell writes about a variety of subjects. This article discusses Chicago real estate. For more information, visit the Real Estate Book.
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