Foreclosure in Chicago>Question Details

Jbasecki, Home Buyer in San Jose, CA

Looking for a Buyer's Agent in Chicago. Is it easy o find one? (I offered a full price for a REO and the realtor had no time... Will BuyerAgent?

Asked by Jbasecki, San Jose, CA Tue May 10, 2011

help?) I offered a full price for a REO and the realtor had no time... Will BuyerAgent help?

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26
HI there!

Yes, absolutely! A buyer's agent will absolutely be able to assist you in forming the best strategy to purchase a home - including an REO property.

Please do give us a call at 312.265.8000 and we will put you in touch with an expert to assist you right away!
Web Reference: http://www.dreamtown.com
1 vote Thank Flag Link Tue May 17, 2011
Feel free to contact me at 709-469-7641. There are a lot of good agents in the area but unfortunately there are also plenty who are "too busy" to do their job effectively.
0 votes Thank Flag Link Thu Mar 1, 2012
Rather than a buyer agent who can get into dual agency conflict of interest situations (because they and their company also represent sellers) - you should look for an Exclusive Buyer Agent (they are their company never represent sellers). Because they are specialists - they can have more time to spend with you, to conduct all the due diligence. Some (such as my company) - structure commission where we make a little more when your price goes down (in contrast to the traditional model (no contract with the buyer) where agents make more when your price goes up..) Best of all - you are nothing out of pocket to us at closing. EBA's are always 100% on your side - looking out for your best interests. Also - look for someone who has the Certified Negotiation Expert designation. ( There are a lot of EBA's in California as well - by the way.) Feel free to contact me if you are still in the market for something here - as I see your post was from 2011...
0 votes Thank Flag Link Tue Feb 28, 2012
Referrals, testimonials, word-of-mouth. But how do you find those? Unfortunately, like any newly sought business, it's really just trial and error using the internet. Ask the potential agent plenty of questions to not only test their knowledge but also their personality.

This is an extremely personal business. You may spend hours at a time with your agent, eventually sharing meals and late hour property chats. If you simply choose somebody based on their company's reputation or internet presence, and don't gel with their personality, your home hunting process will be brutally painful. Clients of mine have complained about this over the years after being duped by big ticket advertising.

And the other factor you'll want to consider is the buyer agents knowledge of both location and structures. For example, in Chicago, an agent specializing in condos near the Loop and lakeside neighborhoods will generally (not always but usually) know very little about bungalows in the Portage Park neighborhood or brick cottages in Bridgeport. Each neighborhood (really, anywhere in the country) in Chicago has it's own very specific characteristics involving property types and location amenities, which change block by block in this city. Make sure whatever agent you choose has a thorough understanding of this crucial component to buy side agency.
0 votes Thank Flag Link Sat Dec 3, 2011
You should have offered him a free toaster.
0 votes Thank Flag Link Mon Jun 6, 2011
Yes you should always have an Agent that represents you. Also be aware that every REO listing is different. Asset Managers (companies that are hired by banks and other lending institutes to work with Realtors to sell a bank owned property) will be the key to response times. When you are looking at purchasing a "foreclosed home" you should make sure that you have been pre qualified and your financing is in order. There are many reasons that responses are delayed which could include "The seller/bank has gone through a bankruptcy or sold the note causing the property to change hands".
Web Reference: http://www.jennieshook.com
0 votes Thank Flag Link Mon Jun 6, 2011
Dear Jbasecki,
Yes a Buyer Agent is exactly what you need in order to protect your interests and be sure your purchase is overseen. I believe it is essential when doing out of state transactions. I can refer you to an excellent Buyer Agent in Chicago. Just drop me an email, my contact information is below.
0 votes Thank Flag Link Mon Jun 6, 2011
Wow, I guess some agents are just so full of sales that they can afford to ignore a good sale!
0 votes Thank Flag Link Mon Jun 6, 2011
HI,

I would be more then happy to help you. You can email me or visit my website to learn more about me. http://www.sellwithgloria.com

Gloria Zrnich 773-230-9338
0 votes Thank Flag Link Sat Jun 4, 2011
Jbasecki,

I would be more then happy to help you. You can email me or visit my website to learn more about me. http://www.findahomechicago.com.

Marcin
Marcin@conlonrealestate.com
0 votes Thank Flag Link Wed May 11, 2011
Hi Jbasecki,

I'm ready to go if you are! Feel free to visit my website for client testimonials and contact information, or you can view my bio right here on Trulia.com.

Looking forward to hearing from you soon.
0 votes Thank Flag Link Tue May 10, 2011
I highly recommend Evelyn Fred at Jameson's. Give her a call!

Evelyn Fred | ABR,CREN,SFR,ADPR
Jameson Sotheby’s International Realty
O: 312.751.0300| F: 888.753.7535| C: 773.981.2005
0 votes Thank Flag Link Tue May 10, 2011
As you can see, no shortage of agents are out here looking to help you out. I would suggest interview two or three agents, and go with the one you mesh best with. You need someone who is going to be aggressive and on top of their game when it comes to foreclosures. Id be happy to help you out.

Matt Laricy
Americorp Real Estate
Brokers Associate, e-PRO
mlaricy@americorpre.com
708-250-2696
Web Reference: http://americorpre.com
0 votes Thank Flag Link Tue May 10, 2011
money?!, money?! money?!... that is more the response you need from your agent.. I will get it done for you- go to my web site and look at the credentials and send me the contract
Web Reference: http://www.joeschiller.net
0 votes Thank Flag Link Tue May 10, 2011
Dear Jbasecki,
According to RE code of ethics buyer/sellers agent should represent its best interest.
I have a wide range of experience working with buyers, sellers, banks in conventional, REO, short sale transactions. Please contact me @773-551-6554 or Tatiana@conlonrealestate.com

I really appreciate your business,
Best Regards,
Tatiana Perry
0 votes Thank Flag Link Tue May 10, 2011
Yes, a buyers' agent would help, provided you find a hard working agent. You definitely want representation when submitting an offer on an REO.

Please feel free to reach out to us if we can help, since we are paid by the seller (the bank), we will actually share our commission with you as long as the property purchase price is over $200k.

http://www.Lucidrealty.com/services.htm

All the best!

Sari Levy
Managing Broker
877 LUCID99
Web Reference: http://www.Lucidrealty.com
0 votes Thank Flag Link Tue May 10, 2011
Give me a call at 815-531-5566 or email cpott43@sbcglobal.net.

Thank you,
Cari
0 votes Thank Flag Link Tue May 10, 2011
Hi there!

I specialize in buyer's agency and have actually helped many out-of-towners make their purchase in Chicago. I'd be more than happy to help! I'm sure you'll get several responses here so feel free to call if you'd like to find out a little more about me. You can also check out some of my testimonials on my website listed below. My cell is 773-991-9359.

Best Wishes,
Stephanie
0 votes Thank Flag Link Tue May 10, 2011
Jbasecki,
Sorry to hear about your past experience. Have you had a buyer's consultation, yet? Generally speaking, you should have a meeting with buyer's agent to discuss the process, expectations, pre-approval, etc. I would suggest interview a few agents and find the one that suits you best. If they don't have time for consultation then they don't have time to do their job properly.
Of course, I'd love to be one of the agent you interview.
Best of luck!!!
0 votes Thank Flag Link Tue May 10, 2011
Hello Jbasecki,

You will be inundated with responses today for sure. I am an REO agent for both Bank of America and PNC, along with a few local banks. Please email or call me and I will be glad to help you through the process. Best of luck,

Ian

Ian Halpin / Broker Associate
Jameson Sotheby’s International Realty
425 W. North Ave. / Chicago, IL 60610
O: 312.335.3220 / F: 312.229.9190 / C: 773.531.4479
ihalpin@jamesonsir.com | http://www.jamesonsir.com
0 votes Thank Flag Link Tue May 10, 2011
Call us today and we can discuss your needs.
0 votes Thank Flag Link Tue May 10, 2011
Would recommend my Realtor, Chris Vasilakopoulos with Dreamtown Realty - 773-510-0474... He is terrific!
0 votes Thank Flag Link Tue May 10, 2011
Feel free to call email me if you need assistance or check out my other testimonials - http://www.neetiarndt.com / neeti@dreamtown.com.Thanks,
Neeti Arndt (Dream Town Realty)
Web Reference: http://www.neetiarndt.com
0 votes Thank Flag Link Tue May 10, 2011
You will be very popular today! Give me a call or email or check my web site to learn a little about me first if you want. We can write offers via pdf's and email very easily.
0 votes Thank Flag Link Tue May 10, 2011
Listing agents usually are not best buyer's agents. Even if you agree to dual agency (with all its limitations) and the agent has best of intentions, it rarely works out...
0 votes Thank Flag Link Tue May 10, 2011
Sure. What are you looking for? Give me a call so we can discuss.

Anthony Cavalea
Able Realty
773-368-5614
0 votes Thank Flag Link Tue May 10, 2011
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