Buying a new Chicago condo should never be taken as a light investment, but securing the right kind of financing can go a long way toward improving your quality of life in your beautiful new residence before you even before you make the move.

Chicago Condo Mortgage Rate Trends
The Chicago real estate market as a whole has taken off significantly over the past year, with rising median prices and sales showing a strong market that is being supported by rampant demand among interested buyers. Also helping buyers and sellers complete the deal for the past several years has been relatively to ultra-low long-term mortgage interest rates. However, that trend has fallen off since about May 2013 and looks to have disappeared completely. 

Throughout the…

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There’s been plenty of news made about more home and condo owners confident in their ability to sell their residences quickly in 2014, but buyers are showing signs that they’re equally confident as the new year gets underway.

Fannie Mae recently released its January 2014 National Housing Survey, which found that 52 percent of respondents said it would be easy for them to get a mortgage today and 70 percent said they would buy if they planned on moving this year. 

Doug Duncan, senior vice president and chief economist at Fannie Mae, had this to say: “A majority of consumers now believe that it is getting easier to get a mortgage. For the first time in the National Housing Survey’s three-and-a-half-year history, the share of respondents who said it is…

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The Chicagoland area has seen its real estate market change significantly in recent years. Rising prices, increasing demand and an abundance of Chicago condos coming on the market have led to an incredibly active market.

The economy has been on the rebound, along with the local real estate market, for some time now. The technology industry and startup atmosphere in Chicago have brought a number of high-profile companies to the region to set up shop and hire en masse. This trend has benefited the local real estate market as more renters are quickly turning into buyers.

Although it may have taken a while, more Chicago renters are starting to realize that it may actually be cheaper in the long-run to buy in this market. Rents are skyrocketing not just…

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Moving in Chicago is something that many condo owners experience. With so many alluring neighborhoods to choose from, residents often find themselves wanting to experience them all. Finalizing your Chicago condo sale doesn’t have to be difficult, especially if you follow these simple staging tips. 

First and most importantly is to clean from floor to ceiling, and then organize and declutter the space as much as possible. The prospective buyer will want to see your condo space looking its absolute best, so they can have a blank canvas on which to project their living space.

Next, add some subtle enhancements to the overall look of the condo. Maybe a fresh coat of neutral paint or a new Persian rug will have your condo brimming with positive energy…

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