Home Selling in Chicago : Advice

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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
Alberto Jose…, Real Estate Pro in Miami, FL
Alberto Jose Hernandez Jr 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
Amelia Robin…, Real Estate Pro in Falls Church, VA
Amelia Robinette answered:
Hello, We use RentLinx to push our listings out. We are getting feedback that our listing is "unsupported" by Trulia.
no one from trulia monitors this site - contact customer support
0 votes Share Flag Wed Dec 16, 2015 Home Selling in Chicago
John Meyers, Real Estate Pro in Park Ridge, IL
John Meyers answered:
What happens to my Mortgage if I sell my house for less then I owe?
Your mortgage holder won't allow you to close unless you "bring cash to closing" or get them to accept less than what you owe (short sale).

Best thing to do is call your lender asap ... more
0 votes Share Flag Mon Nov 2, 2015 Home Selling in Chicago
Synthia Noble, Real Estate Pro in Crete, IL
Synthia Noble answered:
Our real estate agent is telling us it is now traditional for the seller to pay for the buyers closing costs and we have to give them that concession.
I would not say it is traditional for the seller to pay all the buyer's closing costs. there are some fees that are typically paid by the seller - survey, termite inspection, title ins ... more
1 vote Share Flag Tue Oct 27, 2015 Home Selling in Chicago
Synthia Noble, Real Estate Pro in Crete, IL
Synthia Noble answered:
What to do on a low appraisal?
Your realtor should be going to bat for you - discussing the issue with the lender and the buyer's agent. if the appraiser missed a bedroom and a bathroom - it needs to be revised or r ... more
1 vote Share Flag Tue Oct 27, 2015 Home Selling in 60629
Jeff Nobleza, Real Estate Pro in Evanston, IL
Jeff Nobleza answered:
I am interested in selling a parking space in the South Loop and I am wondering what I should list it at?
engage the services of a realtor.
0 votes Share Flag Sun Oct 18, 2015 Home Selling in Chicago
John Meyers, Real Estate Pro in Park Ridge, IL
John Meyers answered:
My townhouse is for sale and it is listed as a condo. Can we please get this changed to a townhouse. Also listed as two bathrooms. My address
No problem Eileen. I would be happy to help. You just need to hire me as your realtor first. :-) -- Just call me at 847-533-7115 or email MeyersRealty1@gmail.com. Thanks, John
0 votes Share Flag Tue Oct 6, 2015 Home Selling in Bucktown
Mike Opyd, Real Estate Pro in Chicago, IL
Mike Opyd answered:
What happens to you if you default on a VA loan?
Its no different then any other type of loan. the property will start going through the pre-foreclosure process.
0 votes Share Flag Tue Sep 29, 2015 Home Selling in Chicago
Greg Funke, Both Buyer and Seller in Portage Park, Chicago,...
Greg Funke answered:
How likely is this to affect my ability to sell my house in the future?
First of all - PEX is legal in Illinois/Chicago - it has been for a few years. It was only illegal because of lobbying by the plumbers unions. In any case,you are in the clear and it ... more
0 votes Share Flag Wed Sep 23, 2015 Home Selling in 60630
Mike Opyd, Real Estate Pro in Chicago, IL
Mike Opyd answered:
How would a deed in lieu affect my credit?
A deed in lieu is what gets put on a property when a seller misses 3 consecutive payments. its essentially the beginning of the foreclosure process making the property a short sale. If ... more
0 votes Share Flag Wed Sep 2, 2015 Home Selling in Chicago
Alan May, Real Estate Pro in Evanston, IL
Alan May answered:
Bucktown, Chicago, IL borders are inaccurate; the southern border should North Ave. How can we fix this so our home shows up in this search?
North Boundary: 2400 N. Fullerton
South Boundary: 1600 N. North Ave.
East Boundary:1500-1800 W. Kennedy Expressway
West Boundary: 2400 W. Western
0 votes Share Flag Tue Sep 1, 2015 Home Selling in Bucktown
Amelia Robin…, Real Estate Pro in Falls Church, VA
Amelia Robinette answered:
my condo neighbor is buying my condo to expand his. do i need a lawyer?
you're entering into a contract for an enormous amount of money - spend the couple hundred bucks and have an attorney go over the contract terms so you know your obligations and the buy ... more
0 votes Share Flag Tue Aug 25, 2015 Home Selling in 60618
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