60302 : Real Estate Advice

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Patrick Nola…, Real Estate Pro in Oak Park, IL
Patrick Noland answered:
We have 2 young children, one is 6 and the other is 2 - what are the schools like and are there plenty of things to do with them?
We aren't allowed as realtors to indicate what schools are better or worst than others. I would be happy to provide you with a link to the state's website that ranks different ... more
0 votes Share Flag Wed Feb 18, 2015 In My Neighborhood in 60302
Aaron & Cher…, Real Estate Pro in Eau Claire, WI
Aaron & Cheree Tiry answered:
Oak Park early June - July ,only want to be located in the area to attend Brooks Middle School Looking for 2bd 2bth, 1 parking spot, 2200mo.
Have you checked out the "rent" section at the top of Trulia? There may be something in there. Otherwise you could also check Craigslist.com to see what they have for posted for renta ... more
0 votes Share Flag Mon Jan 12, 2015 Rentals in 60302
Elaine Strat…, Real Estate Pro in NY,
Elaine Stratos answered:
Dual Agency - is it a good or bad idea?
DISADVANTAGE….Especially when the seller is not informed,uninformed consent, that the agent would be representing both sides………..first lawsuit….withholding information.…sec ... more
0 votes Share Flag Tue Apr 1, 2014 Home Selling in 60302
Anne Forester,  in Chicago, IL
Anne Forester answered:
Can a realtor familiar with this zip code advise me in what areas of Oak Park properties hold their value better?
Worst area is the Austin cooridor. Yes, it has it's "flavor", but I don't know anyone who actually likes it.
If property values go up in Oak Park, it's all the same %'s in all areas. ... more
0 votes Share Flag Fri Oct 4, 2013 In My Neighborhood in 60302
Linda Little, Real Estate Pro in Oak Park, IL
Linda Little answered:
I am an Oak Park condo owner and I am looking to rent out my unit. Is this something I should take on myself?
The first step is to make sure your association will allow rentals. I can help you more in detail if you contact me thru my Trulia Profile.
0 votes Share Flag Mon Sep 16, 2013 Rentals in 60302
Don Tepper, Real Estate Pro in Burke, VA
Don Tepper answered:
I'm looking for a rent to own property in Oak Park, how do I search for available listing?
Here's a link to a blog I wrote on how to find rent-to-own properties: http://bit.ly/findaleaseoption

One point: Many potential rent-to-own properties aren't listed that way. They'll ... more
0 votes Share Flag Wed Jun 12, 2013 Home Buying in 60302
Vanessa Will…, Home Buyer in Oak Park, IL
Vanessa Willey answered:
Does anyone know how to find rent-to-own condos or homes in Oak Park, IL?
Hi Brian- Rent to own was a popular solution for sellers during the 1980s when very high interest rates (which often topped 17%) limited the number of buyers. In this time period selle ... more
0 votes Share Flag Thu Mar 21, 2013 Home Buying in 60302
Paul Cagnina, Real Estate Pro in Oak Park, IL
Paul Cagnina answered:
What is the highest, best , fair and final offer for a bank owned property listed for $167, 750 MLS 07888478 that will have the vendor take notice?
Question is ambiguous. REO properties many times sell for over asking price. I tried to buy a REO at the offered price and someone paid $15,000 more than me. What's that about? Too m ... more
0 votes Share Flag Sun Feb 3, 2013 Home Buying in 60302
Chris Michae…,  in Chicago, IL
Chris Michaelson answered:
When listing a property for rent on Craigslist, is it legal to request a higher rent from prospects represented by an agent (to net same rent price)?
Thanks for the thoughts on this. I am a licensed broker in Illinois and am renting a house that I own. In the Chicago area, the landlord typically compensates the listing agent a full ... more
0 votes Share Flag Sun Apr 24, 2011 Rentals in 60302
John Potter,  in Cook County, IL
John Potter answered:
Dual Agency - Buyer Needs Advice. Offered over asking. Multiple appraisals came in low. Agent resorting to pressure tactics. Should I walk?
if you have a very strong and good appraiser adding different comps makes no difference to the value. it basically is a waste of time and money. If you have an appraiser that is no go ... more
0 votes Share Flag Fri Apr 22, 2011 Home Buying in 60302
Ron Rovtar, Real Estate Pro in Boulder, CO
Ron Rovtar answered:
is a morgage broker suppose to know yor ssn number?
Hi Dave:

In this day and age, you will have to provide your social security number and a lot more personal information. Not only does the mortgage company have to satisfy itself tha ... more
0 votes Share Flag Thu Apr 21, 2011 Credit Score in 60302
Ken Little, Real Estate Pro in Evanston, IL
Ken Little answered:
I'd like to find a realtor that has proven success with my type of property. How can I find this type of information? So many options with
You are looking for an agent who will empower you to gather information and collaborate with you information from their own resources and experience to determine a median price that com ... more
0 votes Share Flag Mon Jan 17, 2011 Home Selling in 60302
Al Akerman, Real Estate Pro in Lakewood, NJ
Al Akerman answered:
I'm hoping to downsize (townhouse or condo) and currently have a home with a mortgage that is likely higher than market value--any suggestions?

Because you are downsizing, there are provisions that might allow you to do a short sale and still be eligible for a loan immediately.

If the reason you are moving is becau ... more
2 votes Share Flag Sat Jan 2, 2010 Home Buying in 60302
Rick Szekely,  in Oak Park, IL
Rick Szekely answered:
Interested in Lease/Purchase or Rent-to-Own in Oak Park.......
In Oak Park you will really need to contact a realtor to help you through the deal. Your approach will vary depending on whether you are looking for a home or condo. A realtor will be ... more
1 vote Share Flag Mon Sep 28, 2009 Home Buying in 60302
Dallas Texas, Real Estate Pro in Dallas, TN
Dallas Texas answered:
Is it legal for an agent/owner to ask for a bill of sale in cash behind the bank's back on a short sale?
I have never heard of this... where is your buyers agent assist with all these questions?

All sales go thru a title company who transfer money to lender.

National Featured Realt ... more
0 votes Share Flag Thu Aug 13, 2009 Foreclosure in 60302
Mark Wingert, Real Estate Pro in Albuquerque, NM
Mark Wingert answered:
How do i get in touch with real estate brokers?
Talk to your friends and family to see their experiences with a realtor. Be sure the realtor your choose is full time. Check out their track record. See how they return your calls. ... more
1 vote Share Flag Sun Aug 9, 2009 Home Buying in 60302
Marion Digre, Real Estate Pro in Oak Park, IL
Marion Digre answered:
what is the taxes for houses in oak park il?
A lot depends on price, size, area but the range for a single-family home is about $5000 on the low end to $40,000 or more on some of the large homes in the historic districts. If you c ... more
1 vote Share Flag Mon Jun 22, 2009 Home Buying in 60302
Ruthless, Other/Just Looking in 60558
Ruthless answered:
House for sale in Oak Park
Did you have any luck? What has happened?

I saw a house on HUMPHREY that closed for 44% of it's asking price for a 5 bedroom 2 bath home close in September for only $160,000 ... more
1 vote Share Flag Tue Sep 16, 2008 Home Buying in 60302
Mike Kelly A…, Real Estate Pro in Santa Rosa, CA
Mike Kelly Allison Norman answered:
How do you price a comp?
"Comps" in this market can be extremely mis-leading. I believe a Realor or Agent specializing in a certain neighborhood are now worth their weight in closed escrows. This is because our ... more
1 vote Share Flag Fri Sep 14, 2007 Foreclosure in 60302
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