Chicago Relocation

Foreclosures, Luxury, you need to consider them all when pricing the Chicago Real Estate Market

March 21, 2010

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From our intern, Maija Harjula -

After launching our foreclosure search about a month ago the traffic to has soared. When foreclosed properties are a big deal these days and consumers are provably using it, make sure that you know how to take advantage of our great search tool!  As a transferee relocating to Chicago, even in the luxury market, it’s important to understand how foreclosures and shortsales affect the underlying value of property.

Read Inman’s article here -  John D’Ambrogio, CRP, vice president of strategic development for Baird & Warner, is quoted as saying “The foreclosure transaction is vastly different today than it was five or 10 years ago. Years ago only a few people specialized in these transactions.”  Take a look at the tool, which shows all foreclosure activity on MLS properties, through an exclusive arrangement with a provider of local data.



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