not everybody ..in fact not even 1/2 of the apt owners want to deal with sec 8 payment and requirements.. you have to ask individual owners if the buildings are approved.. they do exist.. have fun looking... more
With low interest rates and plenty of condos to choose from, now is a great time to buy. That doesn't mean that you should buy with wreckless abandon, though.
Give serious consideration to the factors that will drive your home's resale value over the time period you're likely to live there. There are lots of units out there, but some buildings, locations, floorplans are likely to have enduring relative value. Others will have a hard time standing out from the pack.
It's also important for you to work with a real estate professional who's not afraid to help you negotiate based on real market data. We sometimes have an inside scoop that may help you gain the upper hand in getting the best price.
If you have your eye on the south lakefront -- South Loop, Bronzeville, Kenwood, Hyde Park -- I'd be happy to shed some light on what current market conditions may mean for you.... more
Last I checked Section 8 is any and everywhere - meaning that owners of investment property can sublet their property specifically for those with the vouchers - OR - the government actually procures properties for that sole purpose. Example - several manufactured/mobile home communities have properties for disabled or elderly persons with the vouchers. And the CHA has programs that allow families to move into new construction properties deemed as mixed income. The key is to have the voucher and know where you want to live. Private property owners cannot legally reject your application if you are a voucher holder BUT they may pass you over if they prefer to deal with a cash paying tenant. I dont know the current status of the program but I assume its still in full swing since the majority of the CHA housing has come down and those residents needed places to stay. So I'm not sure if I understand your question - but knowing the rate of private landlords who are accepting Section 8 vouchers isnt possible. Finding Section 8 friendly communities via the CHA or State Housing bureaus is your best bet if you dont want to deal with the trial and error of private landlord rejection.... more
I have a townhome listed and it is getting about 2 showings a week. My other listings are detached and are getting about the same, here in Schaumburg. The price and picture quality has a lot to do with the action.... more