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Successful Real Estate Financier Sean Conlon Gets Back in the Market
Chicago, IL—He has one of the best rags to riches stories around. Sean Conlon, an Irish immigrant, worked as a janitor at his first job in Chicago, by his mid-20’s he was one of the nation’s top selling residential real estate agents. After selling his real estate firm for a profit he took a step back from the market.
Today, Chicago’s best salesman is back. Conlon is kick starting the residential real estate market with Conlon Real Estate Company (“CRE”). Conlon has not been involved with real estate brokering since 2005 and instead has focused on his other companies: Conlon and Co: a real estate merchant bank, Near North Title, Connaught Real Estate Finance, and Conlon and Co Ireland.
“I am concerned about what has happened to residential real estate. The industry has lost its connection to ‘home’. Home is not just a word – it’s someone’s greatest investment, it’s someone’s dream. Owning a home is a global dream, when I came to the U.S. in 1990 I wanted that dream. Now we see this fundamental ideal slipping away and I need to help change that direction. This is why I am launching Conlon Real Estate. We’re going back to the basics,” says Conlon.
CRE will be based on those basic principals that Conlon used while setting yearly sales records among real estate agents nationwide, exceeding $170 million. When Conlon formed Sussex and Reilly (“SR”) in 2000, the firm was the first to have all their employees using handheld PDAs in order to have access to email, MLS, and clients all in real time. (Conlon subsequently sold SR for a profit in 2002. When the opportunity came to repurchase Sussex and Reilly, Conlon did and rebuilt the business to profitability when he sold it again in 2006). CRE will have the same high-tech approach, staying innovative and tech-savvy while maintaining the customer-oriented principals Conlon was so successful with.
“Now is the right time to re-enter the residential real estate market. It’s time to bring the fun of buying and selling a home back. My success has had a lot to do with understanding the timing of the market, I know what owning a home means to people and now is the time to rebuild trust into the real estate market,” Conlon says.
Conlon brings to CRE his contrarian investment style, which has been at the root of his success. During the past two recessions in the mid-90’s and more recently in 2001/2002, Conlon managed to thrive and grow his real estate empire. Conlon is recognized as one of the top real estate experts in the country and is often interviewed by international publications and networks to discuss trends within the real estate industry.
Conlon Real Estate’s office will be open on March 31st and located at Lake and Aberdeen.
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