Home Buying in Elmhurst : Advice

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Alisa Godoy, Real Estate Pro in Elmhurst, IL
Alisa Godoy answered:
We are looking to purchase a home in Elmhurst, Il. We are not from the area and have an agent from Chicago. Do we need an agent in Elmhurst?
It is very often helpful to have someone that is familiar with the specific area you are looking for. I am an agent in Elmhurst and have found that clients do like to have people famili ... more
0 votes Share Flag Tue May 26, 2015 Home Buying in 60126
Jack Disimone, Real Estate Pro in Elmhurst, IL
Jack Disimone answered:
Listing says "bank approved at list price--deal fell apart." What does that mean?
Hi Ellen-

Most of the previous answers have been very good ones, I'd just want to add a couple of points.

Once the lender has gone through the BPO process , they tend to be very s ... more
0 votes Share Flag Tue Aug 19, 2014 Home Buying in 60126
Wendy Kiang, Real Estate Pro in Hinsdale, IL
Wendy Kiang answered:
I'm looking a few homes in Elmhurst that seem to be in a floodplain? Am I an idiot for considering it?
I am a Realtor active in Elmhurst area. It is also important to look at the seller disclosure to see if the house has been flooded. During last years rain, a lot of houses which were no ... more
0 votes Share Flag Thu Jan 16, 2014 Home Buying in Elmhurst
Gabriel Mart…, Real Estate Pro in 60647
Gabriel Martinez answered:
In a market that has extremely low inventory what are agents doing to close deals?
Hi Tim,

I think the key is to have the Buyers well informed, and have them prepared and ready to act fast if there is a house they are interested in. There is plenty of data out the ... more
2 votes Share Flag Tue Sep 17, 2013 Home Buying in 60126
Fred Herman, Real Estate Pro in Staten Island, NY
Fred Herman answered:
How much should I expect to pay to remodel an older house in Elmhurst?
you'll need and architect. contact a local architect for an accurate estimate. They'll be competing for your business and will very accommodating.

i'll venture a guess of $175 ... more
0 votes Share Flag Fri Jun 14, 2013 Home Buying in Elmhurst
Kevin Hudoba, Real Estate Pro in Wheaton, IL
Kevin Hudoba answered:
Where can I find more information on the teardown/rebuild market in Elmhurst?Does it have to be a $500k property when rebuilt to make sense?
Cas,

$500,000 is on the low end of the value if you wanted to tear down a home or build on land in Elmhurst.

For example, if you found a plot of land or a "tear down" for $150,000 ... more
0 votes Share Flag Fri Jun 14, 2013 Home Buying in Elmhurst
Kevin Hudoba, Real Estate Pro in Wheaton, IL
Kevin Hudoba answered:
I saw a couple of properties on your web site that were in pre-fore-closer. I do I find out if they are still available. thanks
Julius,

I honestly always advise my clients that unless a pre-foreclosure property is already Short Sale "Approved" to not even bother pursuing it. I do this for several reasons:

... more
0 votes Share Flag Fri Jun 14, 2013 Home Buying in Elmhurst
Lester S.  , Real Estate Pro in Dupage County, IL
Lester S. answered:
I am looking for a modern rental in Elmhurst. There are so many properties for sale - why are sellers not open to renting?
Hi Ayesha, Janet lists very valid reasons why people don't become landlords. While there are rental properties in Elmhurst, the market is as strong for rentals as for sales, (I am a la ... more
0 votes Share Flag Sun Sep 23, 2012 Home Buying in Elmhurst
Janet Baier, Real Estate Pro in Elk Grove Village, IL
Janet Baier answered:
I am looking for a rental home/apt for one month in Elmhurst.
I recommend you look into an Extended Stay or some other form of short term rental, Shawn. It's virtually impossible to find a condo, house, apartment for only one month because those ... more
0 votes Share Flag Thu Sep 20, 2012 Home Buying in Elmhurst
Lester S.  , Real Estate Pro in Dupage County, IL
Lester S. answered:
How much are closing costs for purchasing a condo in Elmhurst Illinois on an all cash deal of $200,000?
I agree with Janet, talk to your atty. The reason you may not be familiar with the fees is that a lender is required to disclose them in a document called the GFE (Good Faith Estimate) ... more
1 vote Share Flag Sat Sep 8, 2012 Home Buying in Elmhurst
William Chu, Real Estate Pro in Downers Grove, IL
William Chu answered:
Can I qualify for an FHA loan if my finace and I both just got new jobs this year?
Are your new jobs in a similar position but different industry or same industry? As long as you both have a 2 yr minimum employment history and your earned incomes confirm this history ... more
0 votes Share Flag Fri Sep 9, 2011 Home Buying in Elmhurst
Kathy Repsis, Real Estate Pro in Elmhurst, IL
Kathy Repsis answered:
Hi, If we buy a House on main street and this property is a short sale, are we be able to appeal our property tax.Thank you.
Yes you can appeal your property taxes, in fact I suggest that you appeal your tax every year. Many people are not aware that you can appeal taxes more then once. Your first thing afte ... more
0 votes Share Flag Sun May 1, 2011 Home Buying in Elmhurst
Patrick Thies…, Real Estate Pro in Elmhurst, IL
Patrick Thies SFR, CNC answered:
looking to buy in the collegeview area of elmhurst. Last sale was in 2004 - do you think the value of the homes have increased/decresed in this area?
Homes in the College View area have sold since 2004. Your question sounds like you are reffering to a certain home that last sold in 2004 and hasn't had any changes to it, just ke ... more
0 votes Share Flag Thu Apr 15, 2010 Home Buying in Elmhurst
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
active but close for showing
The listing agent is more than likely trying to get a new client, your friend, and show him/her other properties especially if the property in question already has multiple offers or i ... more
0 votes Share Flag Sun Mar 28, 2010 Home Buying in Elmhurst
Kathy Repsis, Real Estate Pro in Elmhurst, IL
Kathy Repsis answered:
How will the O'Hare expansion effect the property value of the homes in Bensenville?
Bensenville is a very powerful community; O'Hare Airport has been around for a very, very long time. By expanding the airport it will bring jobs closer to those searching for work. ... more
0 votes Share Flag Thu Feb 18, 2010 Home Buying in Elmhurst
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