Home Buying in 60605 : Advice

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cf, Other/Just Looking in Chicago, IL
cf asked:
Does the Chicago green permit program include an FAR bonus? Hi everyone - I'm considering redeveloping an RT-4 property and I've heard that if I do it as a Chicago green permit project then I am eligible for a floor to area ratio increase above the…
0 votes Share Flag Tue Dec 2, 2014 Investment Properties in 60605
Todd Shissler, Real Estate Pro in Chicago, IL
Todd Shissler answered:
Can you break the contract, before closing???
Contact a real estate attorney about your best options.
0 votes Share Flag Wed Jul 2, 2014 Home Buying in 60605
Brian Bleers, Real Estate Pro in 60605
Brian Bleers answered:
is there a 3 day right of recision on a real estate sale in pa.?
State laws may be different in PA. A local real estate attorney is the way to go
0 votes Share Flag Tue Jun 24, 2014 Home Buying in 60605
Brian Bleers, Real Estate Pro in 60605
Brian Bleers answered:
I am interested in the South Loop area. What area do you want to stay away from? My price range is around 200k
The South Loop is a very diverse area with a wide range of properties. You may have a difficult time finding 2 bd/2ba for $200,000 but if you are seeking a one bedroom you should be abl ... more
0 votes Share Flag Sat Jun 21, 2014 Home Buying in 60605
Synthia Noble, Real Estate Pro in Crete, IL
Synthia Noble answered:
As a buyer, what banks are more responsive when dealing with a short sale property?
another consideration, if the short sale list price is preapproved. that can dramatically reduce the time frame and the headache factor. I am working on several BofA cooperative short ... more
0 votes Share Flag Sun Aug 11, 2013 Home Buying in 60605
Santiago ken…, Real Estate Pro in Chicago, IL
Santiago kensel Sanchez - CDPE answered:
Can anyone tell me more about this building?
Email me i can email you back property history sales comps etc

BarcelonaRealtor@gmail.com
0 votes Share Flag Thu May 30, 2013 Home Buying in 60605
Santiago ken…, Real Estate Pro in Chicago, IL
Santiago kensel Sanchez - CDPE answered:
Will a buyers agent bother to show their clients a home that is listed as contingent? Reason I ask is
He will bother , but maybe is not allow by the listing agent
0 votes Share Flag Thu May 30, 2013 Home Buying in 60605
Santiago ken…, Real Estate Pro in Chicago, IL
Santiago kensel Sanchez - CDPE answered:
Purchasing a parking spot as an investment.
Run the numbers --200 to $300 per month plus dont forget that you have to paid real estate taxes every year
0 votes Share Flag Thu May 30, 2013 Home Buying in 60605
Voices Member,  in
Voices Member answered:
Library Tower
Hi Newintown,
As Christopher Thomas said, consult with your buyer's agent about your concerns. Continue to do your homework. Before jumping into the library tower development consider ... more
0 votes Share Flag Wed Apr 15, 2009 Home Buying in 60605
Voices Member,  in
Voices Member answered:
Should I use a bank or a mortgage banker to get a home loan?
Baley,
Greg is right, "the answer lies in the competency of the mortgage professional as generally the same mortgage products from the same sources are available either way." This ques ... more
0 votes Share Flag Tue Mar 24, 2009 Home Buying in 60605
Shirin Rezan…, Real Estate Pro in Chicago, IL
Shirin Rezania answered:
What is the hottest new construction development in 60605?
Hi Robert,

For your price range, you can get a 2BR/2BTH < $375K at THE MARQUEE at 1464 S Michigan. Or you can get a 2 BR/1BTH for $290K.

Copy/Paste this link:

http://chicagoto ... more
0 votes Share Flag Sun Jan 25, 2009 Home Buying in 60605
Bill Eckler-…, Real Estate Pro in Venice, FL
Bill Eckler-Florida, answered:
If you buy a residence out of state as a temp residence or investment property, do you still get to deduct the
Ricardo,

The best source for accurate information on this topis is a CPA of a tax accountant.

Good luck
0 votes Share Flag Sun Jan 11, 2009 Home Buying in 60605
Jeff Kropp, Real Estate Pro in Chicago, IL
Jeff Kropp answered:
I am interested in purchasing an REO in the Chicago area or Matteson,IL how do I get a list of whats
The straight answer is most are on the MLS (designated as bank owned homes in various ways) and available through a variety of ways, including a link a realtor can set up for you. Most ... more
0 votes Share Flag Fri Dec 5, 2008 Home Buying in 60605
Vicki Jako-O…, Real Estate Pro in Chicago, IL
Vicki Jako-Ostojic answered:
How readily will a developer that is closing out a new construction condo high-rise give a closing credit or?
It's hard to tell. Some developers want to "get done and move on" so they are open to negotiations while others feel that they don't have to since they most likely don't have to pay th ... more
0 votes Share Flag Thu Apr 24, 2008 Home Buying in 60605
Paul Blackbu…, Real Estate Pro in 60611
Paul Blackburn answered:
How much should I pay for 124 W Polk St #404 Chicago IL 60605 1br 1ba 1,250 sq ft ?
I am very familiar with the area. It is a beautiful unit. I think if you were priced under 300 you would get more showings. Many people, especially with one bedrooms, use 300 as a ceili ... more
0 votes Share Flag Mon Mar 24, 2008 Home Buying in 60605
Tom McCarey, Real Estate Pro in 60622
Tom McCarey answered:
What is considered an aggressive amount of earnest money to put in a bid on a property?
Rae,
5% is common in Chicago. 10% is considered strong. By the same token my clients accepted an offer today on a property listed at $1.6m where $50,000 was acceptable. The other very ... more
0 votes Share Flag Sun Jan 6, 2008 Home Buying in 60605
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