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Chicago Condo Market Update

By Scott Berg at 25 October, 2010, 3:14 pm

Here is the latest data on the Chicago Condo Market per Rich Cox of ChicagoCondos online.  His site details the latest information on Chicago Condo Buidings. In the first nine months of this year, city condo dollar volume has increased 14% compared to 2009. But volume in September was down 19% compared to August. According [...]

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What is the MLS?

By Scott Berg at 20 October, 2010, 6:22 pm

So what exactly is the MLS? It is not a website.  It would be incorrect to call it a database of properties. It is more like a trade association.  Members of the MLS are real estate brokers and agents and the main function of the MLS is to provide a means for brokers to cooperate [...]

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Do Brokers Show Flat Fee MLS Listings?

By Scott Berg at 18 October, 2010, 8:19 pm

Absolutely Yes.   To date 1,435 of our clients have sold via a flat fee mls listings.  Probably around 90% of those were sold through buyers agents. Agents do cooperate with sellers who choose to go this route though you can expect some of the agents to be rude or complain.  Why any agent would choose [...]

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Why don’t more sellers go the flat fee mls route versus going with a traditional broker?

By Scott Berg at 15 October, 2010, 8:05 pm

Seller’s ask me this questing all the time.  It is really a marketing question.  Right now the market niche for a flat fee mls listing is for sale by owners and industry insiders (commercial brokers, former agents, attorneys, appraisers, mortgage brokers, developers, and the like). Once people hear about our service many wonder why everyone [...]

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Is it legal to list on the MLS for a flat fee?

By Scott Berg at 15 October, 2010, 1:09 am

It seems crazy that someone actually asked me this but the reasoning behind the question is solid.  Many people do not understand how brokers like us can offer to list a home on the MLS for a few hundred dollars when other real estate brokers charge a small fortune for their services. Basically no one [...]

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Los Angeles Dodgers pitcher Ted Lilly lists his mansion in Chicago for $2.4M

By Bob Goldsborough at 29 September, 2010, 10:12 am

Check out Bob’s exclusive breaking-news post from earlier this week about former Chicago Cubs pitcher (and current Los Angeles Dodger) Ted Lilly placing his nearly 5,500-square-foot mansion in Chicago’s Wrigleyville neighborhood on the market for $2,400,000. The mansion is just a few blocks west of Wrigley Field.

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Outgoing Chicago Blackhawks goalie Cristobal Huet lists his 5BR, four-level condo in a high-rise in Chicago's River North neighborhood for $3M

By Bob Goldsborough at 25 September, 2010, 11:18 pm

Check out Bob’s weekly real estate column from the Chicago Tribune that will run tomorrow, Sunday, September 26, in which Bob breaks the news of soon-to-be-former Chicago Blackhawks goaltender Cristobal Huet placing his five-bedroom, four-level condominium unit in the Millennium Centre high-rise in Chicago’s River North neighborhood on the market for exactly $3,000,000. Also featured: [...]

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Common puts Chicago condo unit up for rent, historic mansion in Glen Ellyn, IL available for $1.799M, vintage co-op on Chicago's Gold Coast that industrialist Brooks McCormick owned until his death sold by his estate for $4M

By Bob Goldsborough at 25 September, 2010, 11:10 pm

Check out Bob’s weekly real estate column in the Chicago Tribune from this past Sunday. The column is led by Bob’s exclusive — previously written about on this blog when the Tribune first published the item online item in the middle of the previous week — about rapper and actor Common placing a 1,248-square-foot condo [...]

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Former Chicago personality Jonathon Brandmeier lists his mansion in Malibu, CA for $7.995M

By Bob Goldsborough at 15 September, 2010, 12:00 pm

Demo text Check out Bob’s column from this coming Sunday’s Chicago Tribune (but available online now!), in which Bob breaks the news of former Chicago radio personality Jonathon Brandmeier listing his mansion in Malibu, Calif. — which overlooks the Pacific Ocean — for $7,995,000. Brandmeier now owns — and Bob is the first one ever [...]

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Chicago sports anchor Megan Mawicke has her Chicago condo unit on the market for $459K

By Bob Goldsborough at 14 September, 2010, 12:32 pm

Demotext Check out Bob’s weekly column in the Chicago Tribune last week, where Bob reported on Chicago TV sports anchor Megan Mawicke having her two-bedroom condo unit in Chicago’s River North neighborhood on the market for $459,000.

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