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Frank, Home Buyer in Wicker Park, Chicago,...

What is the best website to find out about new developments and rehabbed buildings?

Asked by Frank, Wicker Park, Chicago, IL Thu Nov 15, 2007

I'm already searching on the tribune site and yochicago, but is there another site listing new developments that aren't on the MLS? It seems like every building I come across has been on the market for ages and all the desirable units are already sold.

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6
Frank,
I have a transaction closing in two weeks and another in mid January that were unlisted new construction condos. Both of these homes are in new construction three flats with prices between $400k-$550k. Depending on what my clients are looking for I tend to transact between 5 - 10 unlisted properties annually.

So, the short response to your question is that there are unlisted properties out there, including seven figure homes. But accessing these properties relates more to a realtor's knowledge of an area than a compendium of online information.

Depending on what you seek I think you will be best served by identifying a real estate professional who is familiar with the housing commodity that you want and enlisting his or her assistance to find it. A word of caution, though. If you seek to be in a magnificently massive building well in advance of its completion be cognizant that any downtrending in the market after your purchase may result in your spending much more than later purchasers in the same building.

Best of luck with your endeavor.

Tom
1 vote Thank Flag Link Wed Nov 28, 2007
Frank,

Our Web site is concentrated on new construction in Chicago.

We also publish New Homes Magazine, which you can find at many new residential projects. The magazine has a Quick Guide that lists every new project in the city, whether or not it's in the MLS.
Web Reference: http://yochicago.com
0 votes Thank Flag Link Mon Dec 3, 2007
Perry, cool and Austin, TX just don't seem to compute!! Wreid and Austin is more like it!
0 votes Thank Flag Link Thu Nov 15, 2007
I have access to a list of all the new construction projects in the city which provides the cost per square foot as well as the number of units sold in the project.
Web Reference: http://Sheldonchicago.com
0 votes Thank Flag Link Thu Nov 15, 2007
I have a new development directory that is an agent to agent newpaper that I would be happy to give to you. My website http://www.CONDOChicago.com has everything listed on the MLS. In fact I am compiling this type of info for a new website to be released in early 2008
Web Reference: http://www.condochicago.com
0 votes Thank Flag Link Thu Nov 15, 2007
Welcome to the story of life... Get in early or get what's left. If you are doing it for an investment, there are some cool places here in Austin.
0 votes Thank Flag Link Thu Nov 15, 2007
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