60171 : Real Estate Advice

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Anthony Cava…, Real Estate Pro in Channahon, IL
Anthony Cavalea answered:
We put in an offer on a Fannie Mae property (asked $5,000 less than the asking price). It's been a week, and no answer back. What's that
In this situation, most likely the seller is negotiating another better offer and you've been put on ice pending that outcome.
0 votes Share Flag Fri May 27, 2011 Foreclosure in 60171
Gerard Carney, Real Estate Pro in Spring Hill, FL
Gerard Carney answered:
How long does it take a bank to decide on an offer for a bank owned property?
You sent, you don't have a Realtor working on this?
You can wait for virtually forever, banks take there time, and many times they will still come back with a non-acceptance of yo ... more
0 votes Share Flag Sun May 1, 2011 Foreclosure in 60171
Voices Member,  in Chicago, IL
Voices Member answered:
What is Inventory Days in this zip code? How is the trend?
With single family homes there is a little less then a year of inventory on the market in River Grove and about a year and a half of inventory on the market for condo's and other a ... more
0 votes Share Flag Mon Feb 15, 2010 Market Conditions in 60171
Laura Karamb…, Real Estate Pro in Downers Grove, IL
Laura Karambelas answered:
For a bank owned townhouse we put the offer.How long it usually takes to hear from the bank?And if our offer was too low will realtor let us know
It depends on the bank. Unfortunately, there is no standard time. Short sales are usually taking much longer than foreclosures. One of the banks I am dealing with now (bank owned, no ... more
0 votes Share Flag Tue Sep 29, 2009 Home Buying in 60171
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