You would have more options if you were to obtain lender financing. Try calling Bernard Duganzik at 847 508 0190 of Key Mortgage to see if you can qualify for a loan.
Baird & Warner Real Estate... more
I'm not sure about the Chicago market but the San Francisco market is offering some nice price points compared to where we were 4 or 5 years ago. Combined with historically low interest rates, it seems to be the perfect time for buyers. With that said, you may want to consult with your tax accountant to see how buying a home can benefit you. Contacting a local agent and discussing the local market would also be a great thing for you to do in conjenction with talking to an accoutant.
Best of luck.
Rich Bennett, Realtor
San Francisco, CA
Zephyr Real Estate
www.76-78Prosper.com www.LansingStCondo.com www.115-117States.com... more
Honestly, those are the things you already know about. A million real estate books and trainings teach you those things. The intangibles are the most difficult part. Things such as managing your money between closings, keeping your positive attitude in difficult situations, and staying consistent are much more challenging.
That being said, it's a great profession! Over the past 13 years I've met the best people and had some good times through real estate.
Good luck!... more
If you will be the owner of the home when the second installment is due, and this part of the tax bill covers the time you will be in the house, then you should be the one who pays. However, if these are taxes paid in arrears, then the tax pro-ration should be as of the day of closing. Ask your Realtor and call the closing agent also. Most closing paperwork includes an agreement to be signed by the buyer and seller if taxes are paid in arrears and the tax amount changes, then the buyer or seller will pay the additional amount that they owe, or the buyer will reimburse the seller for taxes overpaid. Your Realtor and your closing agent should be able to explain this to you in detail for your particular situation. Hope this helps you.... more
If you were my client I would avail you of a spectrum of services that include tangibles such as comps and a decade's experience and expertise in the Chicago market. I also would bring to the table on your behalf intangibles such as intuitive market knowledge and anecdotal awareness related to specific buildings, general locations and overall neighborhoods. This question is best posed to the real estate professional you have chosen to work with.
If you are not represented by a real estate professional I am puzzled by the fact that you made the conscious decision to not rely on a realtor but now as you reach the crux of your search - the written offer and its subsequent negotiation - you turn to real estate professionals for their input. That seems ironic.
With respect to your question pertaining to value - I hear that zillow provides a host of services, including comps.
Best of luck!
The Real Estate Lounge Chicago... more