Home Selling in Chicago : Real Estate Advice

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Bob Brandt, Real Estate Pro in Schaumburg, IL
Bob Brandt answered:
If property sale negotiations are still active under a Rider, can the seller back out at any time?
Your Realtor should advise you on this, as it can be more complicated even though your question tries to simplify it.
0 votes Share Flag Mon May 23, 2016 Home Selling in Chicago
Jjaskoske, Home Buyer in Chicago, IL
Jjaskoske asked:
Can school information be update? A school was rated as average with a 9/10 score and the home owners want to know if it can be changed to above average.
0 votes Share Flag Fri May 13, 2016 Home Selling in Chicago
Scott Godzyk, Real Estate Pro in Manchester, NH
Scott Godzyk answered:
If my house has been on the market for a year with more than 6 significant price reductions, is it time to change realtors, price again or both?
ALL of the above. You may need someone to look at your home from the outside. To determine what the value is in todays market and match that up to what you last had it listed. Pricing t ... more
0 votes Share Flag Mon May 2, 2016 Home Selling in North Center
Melissa Dyks…, Home Buyer in Seattle, WA
Melissa Dyksterhouse answered:
I posted this home on Zillow. I how do I edit to say pending and cancel open house that we have scheduled for 5/1/16?
Hello,
Listings will update on Trulia within 24 hours once you edit it on Zillow. If this information has still not updated on Trulia, please reply with the complete property address s ... more
0 votes Share Flag Wed Apr 27, 2016 Home Selling in 60805
Alicia O'Too…, Real Estate Pro in Chicago, IL
Alicia O'Toole answered:
How much could I expect to lose by not painting inside my house before selling? I would wash all the walls. Won't the buyer will be painting
Hi Jpeerhaas,

I think the most important question is what color are your walls now? If they aren't neutrals, you may want to consider painting some, if not all. Another important que ... more
0 votes Share Flag Thu Apr 7, 2016 Home Selling in 60625
John Meyers, Real Estate Pro in Park Ridge, IL
John Meyers answered:
Is it worth renovating my basement before selling?
Hello Jenny,

If you like your neighborhood and the basement is dry, I would update.

However, if you don't want to deal with 6 months of noise, contractors, and dust, you should gi ... more
0 votes Share Flag Wed Mar 9, 2016 Home Selling in 60611
John Meyers, Real Estate Pro in Park Ridge, IL
John Meyers answered:
how do I find comparables for an address?
Hello Nancy,

Simply contact me with the address and a few details and I can prepare a comp report for you within a couple hours.

Sincerely,
John Meyers (Meyers Realty, MeyersRea ... more
0 votes Share Flag Tue Mar 8, 2016 Home Selling in 60605
Karen Peyton, Real Estate Pro in Chandler, AZ
Karen Peyton answered:
Will I owe capital gains on a condo sold in Chicago if I apply the sale amount to the principal of a mortgage here in California?
Unless "primary residence" rules apply, the only way to avoid taxes on a rental home is to do a 1031 Exchange in which you roll the proceeds from one income property to purchase another ... more
0 votes Share Flag Thu Mar 3, 2016 Home Selling in 60626
Jill Jamieson, Home Buyer in Chicago, IL
Jill Jamieson asked:
How do I delete a fraudulent listing on your site? My apartment is listed as for sale by owner on your site and it is not for sale.
0 votes Share Flag Sun Feb 21, 2016 Home Selling in Chicago
re.investor, Home Buyer in The Villages, FL
re.investor answered:
Can a real estate company keep all earnest money in the case of buyer breach?
Depends on the contract. Coldwell Banker contract says they get the money first for expenses and commission and if anything left, to the seller. This is grossly unfair. No other busi ... more
0 votes Share Flag Thu Feb 11, 2016 Home Selling in Chicago
Lindsay Kronk, Real Estate Pro in Chicago, IL
Lindsay Kronk answered:
what is my house worth? Linc Sq frame 2 flat 60625
Without a tour of the property, no agent should be able to truly give you a value. I'd be happy to visit your property, run a thorough comparative market analysis, and give you an accur ... more
0 votes Share Flag Sun Feb 7, 2016 Home Selling in Chicago
Jessica, Renter in New York, NY
Jessica asked:
How do I become an Reo agent/broker for trulia properties? How can I become an Reo agent for Trulia properties
0 votes Share Flag Thu Feb 4, 2016 Home Selling in Chicago
John Meyers, Real Estate Pro in Park Ridge, IL
John Meyers answered:
I accepted a contract from a buyer. He then never had time to bring earns money or commitment letter. Should his agent of known about problems and do?
The commitment letter should have been provided along with the offer. -- The buyer's agent should have been in close communication with your agent about getting the earnest money check. ... more
0 votes Share Flag Wed Feb 3, 2016 Home Selling in Chicago
Jack Lewitz, Real Estate Pro in Lincolnwood, IL
Jack Lewitz answered:
If I purchased a house as a Short Sale, how long before I can sell it?
If there is any restriction it would be stated in the Short Sale Approval Letter. I have never seen one in any of the short sales that I have done. On the other hand Foreclosures will h ... more
0 votes Share Flag Tue Feb 2, 2016 Home Selling in 60617
realestatepe…, Home Buyer in Liverpool, NY
realestateperfect asked:
Real Estate overseas seller: durable Statutory Short Form Power of Attorney for Property Hi gurus, we are a overseas seller trying to sell a property. The attorney suggests us to assign her as an POA agent in the durable Illinois Statutory Short Form Power of Attorney (limited…
0 votes Share Flag Tue Jan 26, 2016 Home Selling in 60601
Jeff Nobleza, Real Estate Pro in Evanston, IL
Jeff Nobleza answered:
HI FROM CHICAGO,ILLINOIS ....... I NEED COMPETENT ANSWERS PLEAZZZZZZZZZZZZZ !!!
If anyone who has a lien on a home isn't made whole they have a right to go after the home regardless of bankruptcy or what ever charge off you have.

The lien holder uses the home a ... more
0 votes Share Flag Fri Jan 22, 2016 Home Selling in Chicago
AJ Hernandez, Real Estate Pro in Hialeah, FL
AJ Hernandez answered:
When I sold my house in May, I made a profit. Do I need to reinvest that money into another home to avoid capital gains?
Here it is straight from the horses mouth.

https://www.irs.gov/uac/Newsroom/Top-Ten-Tax-Facts-if-You-Sell-Your-Home
0 votes Share Flag Mon Jan 4, 2016 Home Selling in Chicago
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