565 Quincy offers buyers a guarantee
Many buyers in the current real estate market in Chicago are facing an insecure market. As buyers pick up condominiums in new condominium developments, they often see the value of their home drop before they even get to live in it as developers offer lower prices on similar units.
However, the developers at 565 Quincy, a new 241-unit development at 565 W. Quincy are offering a price guarantee. According to the sales office, when you buy your condominium at this development, they will never offer a similar floor plan at a lower price.
This is an interesting concept in a market where many developers continue to offer incentives such as free parking places that essentially bring down the sales price of a unit that was purchased for the same price without a parking space.
565 Quincy will be opening in stages from Fall 2008 to October 2009, and is currently 40 percent sold. Prices for these luxury units start $217,000 and range up to $450,000. One and two-bedroom units are still available.
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