The phrase identifies actual property transactions inside a selected luxurious residential constructing in Chicago, whereby the property is obtainable on the market straight by the present titleholder, relatively than by a standard actual property brokerage performing as an middleman. This means a direct negotiation course of between the vendor and a potential purchaser for a unit contained in the Trump Worldwide Lodge & Tower Chicago.
One of these transaction can probably provide advantages to each events. Sellers would possibly understand a chance to save lots of on fee charges sometimes related to agent illustration. Consumers, then again, would possibly consider they will negotiate a extra favorable buy worth by dealing straight with the proprietor. Traditionally, such preparations have various in prevalence relying on market circumstances and particular person vendor circumstances, typically influenced by elements like urgency to promote and experience in actual property transactions.
