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MAKING A POSITIVE DIFFERENCE IN PEOPLES LIVES." We hope that every client will profit personally and financially from our representation.
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Get Free Presentation On Our Home Marketing. Before signing a contract with any Realtor, make sure you know EXACTLY how your home will be marketed. Find Out More > View All Offers >
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"She's downright trustworthy" "She is really on top of the game, she knows just what we're looking for. . ." Elysia Lock Read Quote > View All Quotes >
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Compare three mortgages at one time.
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The Breen Elia Team is one of The
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About Chicago Condos & Townhomes  
Living in the heart of Chicago means buying a condominium or townhome, and these properties come with a number of advantages.
One advantage of condos is that they generally allow you to buy more home for less money. Because condos spread building costs over many residents, they usually sell for 20 to 30 percent less than a comparable detached home with the same amount of livable space. In urban areas, condo and townhomes are often within walking distance to many of the city’s diverse amenities. Condos also offer lower maintenance and more convenience than traditional homes. Repair costs are shared by all residents through homeowners’ association fees. Condos offer amenities such as swimming pools, exercise facilities or 24-hour security that individual homeowners often cannot afford.
Townhomes blend traditional detached homes and condominium living. With many of the same benefits of condos, townhomes also allow you to own the actual land your home sits on and afford at least a little green space. Townhomes can be either single or multi-storied, and are attached on one or both sides to other houses. In Chicago, townhomes vary in size and architectural styles that will appeal to every individual.
Click on the buttons above to browse condos and townhomes in the Chicago real estate market.
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Accepting An Offer >Is First Always Best
Your home has been listed for just a few days, and your real estate agent calls with great news. The people who looked at the house last night have come in with an offer to buy it! When the agents arrive to present the offer, you are excited and hopeful. As they explain the price and terms, however, you feel that the price is a little too low and that the offer contains some terms that will be inconvenient for you to meet. Should you try to work it out or wait for something better? Work it out!
Often the first offer to come in is the best one. When a house is fresh on the market, there is usually a flurry of activity and the buyers who see it during the first few days of the listing are likely to be very interested. If you are fortunate enough to get a solid offer right away, it will probably be to your advantage to accept it or try to work out a compromise.
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| Q |
What mortgage transactions between borrowers and lending institutions operate in the private sector of the economy?
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| A |
Conventional mortgages are private sector transactions that are not insured or guaranteed by the government. |
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