Chicago,
Illinois – August 30, 2013
Real
Estate experts say the Chicago market is on fire but sees national slowing of
real estate pricing appreciation.
However,
there are still hopes from real estate agents for the immigration reform. And
we at Resurrecting Real Estate don’t just sit around and wait, we are currently
catering to the needs of potential homebuyers, even those who live abroad.
A
real state expert from California said, "All immigrants have beliefs that
may directly impact their real estate decisions," adding that
"Immigrants have cultural tendencies. Home sellers need to be sensitive to
those cultural requirements. I'm a fifth-generation Chinese-American, and I
still have some of the beliefs of my ancestors."
In
the past months, there have been a lot of all-cash home purchases in Chicago.
So where can people buy Chicago real estate for cash? A data from Institute for Housing Studies reveals where
these cash buyers can find the perfect property for them.
Below,
you’ll see a brief list of the cities offering for cash real estate in Chicago.
·
In
Loop’s census, about 65 percent of the homes sold in 2012 are in cash.
·
In
Englewood, about 87 percent of the homes sold are in cash. This is according to
a 2012 census.
·
In
the Near North Side, 459 homes were purchased in cash, according to six census
tracts in the Gold Coast and Streeterville. This sums to 48% of the total
sales.
In
numbers, the sales on the Loop reached 95 where 72 are in a building with 200
units in N. Dearborn and a late 1980s apartment tower converted to 309 condos.
There are as well for-sale residential homes but they are on the high number of
cash purchases – buyers who pay cash get a certain amount of discount.
On
the other hand, the sales in Englewood reached 37 to 41 homes. There was a
massive project that is seen to bring nearly 400 new jobs to the area. There
were 37 purchases found by the IHS in land records during 2012 and that has
been followed by a 25 more in 2013.
Lastly,
on the Near North Side, there were a lot of wealthy people who have cash and,
based on the two agents who worked there.
There
are a few affluent buyers who use cash since they are buying in one of the
office in Gold Coast buildings. Moreover, they might just be trying to avoid
appraisal issues. Whichever the reason might be, they are for sure wise
investors as Chicago real estate is one of the finest.
To
know more about Chicago real estate and where to buy real estate homes in
Chicago, just visit Resurrecting RealEstate.
About the Company: Resurrecting
Real Estate Specializes in the Preservation, Management and Selling of REO/Bank
Owned Assets. With over 400 assets in inventory and over 1000 sold
properties since 2009, Resurrecting Real Estate has become one of the Fastest
Growing REO Brokerages in the nation. With Resurrecting Real Estate,
you’ll have the most sought service one could have from the best brokers
Chicago IL. So visit this site: http://www.rreassets.com
Resurrecting
Real Estate
Allen Lewis
1900 Campus Commons Drive Reston VA, USA
20191
708-323-2824
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