Home Buying in Wheaton : Real Estate Advice

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Alan Zelez,  in Wheaton, IL
Alan Zelez asked:
Do commercial realtors make money on land lease deals? I am involved with a small private school and they are looking at several possibilities for expanding. One of them is how does a commercial realtor get paid if it is a land lease deal?…
0 votes Share Flag Mon Apr 27, 2015 Home Buying in Wheaton
Rosemary Str…, Real Estate Pro in Glen Ellyn, IL
Rosemary Strodtman answered:
I would like to see homes in the 200 school district. Single family home with 4 bedrooms and 3 bathrooms. Near Wheaton College
Michelle,

Good morning.

I live in Wheaton and would be happy to help you in your search for a home near the college.
It is best to be pre-qualified for a loan, if you are using o ... more
0 votes Share Flag Sun Apr 12, 2015 Home Buying in 60187
Susann Rhoad…, Real Estate Pro in Wheaton, IL
Susann Rhoades answered:
I'm interested in buying rental property in the Whtn, Gln Ellyn, Naper areas - what is the best type (Single Fam H's, Condos, Town H's, Multi Family)?
Budget and your expectation for return is a key component. I would certainly suggest that you make time to speak with a Realtor, whos' specializes in the above mentioned areas. There ... more
0 votes Share Flag Fri Oct 24, 2014 Home Buying in 60189
Lakshmi (Sue)…, Real Estate Pro in Glen Ellyn, IL
Lakshmi (Sue) Veeramasuneni answered:
can i see home today?
Sure you can see the home. Before that you need a agent and lender. Please contact me if you really looking . I can guide .
0 votes Share Flag Sat Feb 15, 2014 Home Buying in Wheaton
Susann Rhoad…, Real Estate Pro in Wheaton, IL
Susann Rhoades answered:
Cost per sf to build in Chicago
As an area expert on new construction, it is impossible to quote you per sqft cost until you
design your home and pick out your materials. Also the land cost is a factor that must co ... more
0 votes Share Flag Sun Jan 19, 2014 Home Buying in 60187
Josie Morris…, Real Estate Pro in Lisle, IL
Josie Morrison answered:
Is the home inspection/appraisal done before or after the actual purchase of a house?
My advice is seeking professional advice through a very good real estate attorney. All that the owner is telling you sounds misleading and probably is. The agent and all who represent ... more
0 votes Share Flag Fri Sep 20, 2013 Home Buying in 60187
Terry Farnsw…, Real Estate Pro in Lisle, IL
Terry Farnsworth answered:
I am looking at a home in south Wheaton that has private well water. Sewer is public. Is well water in south Wheaton a good thing?
Erik,

I grew up in unincorperated Glen Ellyn (next to Wheaton) and had well water growing up. Unless there are pollutants, it's mostly an inconvenience more than it is a health haza ... more
0 votes Share Flag Fri May 24, 2013 Home Buying in Wheaton
Randy Schule…, Real Estate Pro in Saint Charles, IL
Randy Schulenburg answered:
Will a split-level home in the western suburbs sell in this market with a laminate counter top in the kitchen?
Refresh73,

Hopefully you have made the improvements you need based upon the feedback you've received in order to get top dollar for your home in today's market. If you still need fu ... more
0 votes Share Flag Mon Apr 29, 2013 Home Buying in Wheaton
Kenneth,  in Palatine, IL
Kenneth answered:
Does it affect our final loan approval if my husband claim an unemployment insurance claim?
I agree with the answers below with the following exception. If you are in an industry that is seasonal you may still qualify. If you have two year history of receiving unemployment, ... more
0 votes Share Flag Sat Feb 18, 2012 Home Buying in 60189
Molly Hay, T…, Real Estate Pro in Pickerington, OH
Molly Hay, The Hay Group answered:
Due to unexpected circumstances, can we still back out and refund our down payment?
Do you have a copy of your contract? Call your lender ASAP!!! Do you have a realtor? If so you need to also contact them so that they can advise you as to what your next step is.
0 votes Share Flag Sat Jan 28, 2012 Home Buying in 60189
Michael Hagen, Real Estate Pro in Elmhurst, IL
Michael Hagen answered:
Resale value - 4br 1 ba or 3 br 2 ba?
Mike Fallwell summed it up very nicely. Turning the 4th bedroom into a bath is certainly an (expensive) option. You'd have to determine if 1) you can live with the house as it is ... more
0 votes Share Flag Mon Sep 19, 2011 Home Buying in Wheaton
Josie Morris…, Real Estate Pro in Lisle, IL
Josie Morrison answered:
Short employment history, pristine credit and home financing
You are going to want to check with your local bank & a mortgage lender. Some are going to require 6 months to a year on with your current employer. Unless you can show a track record ... more
0 votes Share Flag Fri Aug 26, 2011 Home Buying in Wheaton
Michael Hagen, Real Estate Pro in Elmhurst, IL
Michael Hagen answered:
What if the appraisal on a foreclosed home comes back lower than your offer will the bank except the appraisal amount if the deal is near done?
You can also talk to your lender about getting a 2nd appraisal (usually at your expense). If the 2nd appraisal comes back higher, you may still be able to proceed with the loan, but ge ... more
0 votes Share Flag Sun Apr 17, 2011 Home Buying in Wheaton
James Gordon…, Real Estate Pro in Hamilton, OH
James Gordon ABR SFR SRS answered:
Is this actionable claim? Showed couple in & out from San Fran-San Diego property for 3 months. Male never disclosed he was agent.Used us for
Pjs at the earliest moment you are supposed to disclosed that you are liscenced. I sure would as a broker file an ethics violation action and if they bought a home you showed them a pro ... more
0 votes Share Flag Fri Mar 4, 2011 Home Buying in Wheaton
Fredy Thomas, Real Estate Pro in Wheaton, IL
Fredy Thomas answered:
My sister has offered to rent to own her house. She has had a hard time selling it and My husband and I love her house. They bought the house for
Craig Martinez,

There may be many reasons why your sisters house didn't sell for $298,500. Just because your sister want to sell it to you for $285,000 doesn't mean that yo ... more
0 votes Share Flag Wed May 26, 2010 Home Buying in Wheaton
Denise Duba, Real Estate Pro in West Chicago, IL
Denise Duba answered:
are there many sngl fmly homes that can accomodate seperate living area for parent or adult children?
If you are still looking for such an arrangement, take a look at my listing at 408 S Naperville Road in Wheaton, there is a kitchen, living space, bedroom and bathroom in the basement w ... more
0 votes Share Flag Mon May 18, 2009 Home Buying in 60187
Bob McClure, Real Estate Pro in Walled Lake, MI
Bob McClure answered:
Can I obtain a higher mortgage loan if my wife has a job offer that starts in 4 months?
good morning nick....the answer to your question is you can use the new job as income to qualify, however....since it is new employment....the lender must send out a "voe"...verificatio ... more
0 votes Share Flag Sat Sep 6, 2008 Home Buying in Wheaton
Jay Reifert, Real Estate Pro in Madison, WI
Jay Reifert answered:
Implied Agency? Do we have a buyer's agent now?
To quote me: "Hey...by the way: If a consumer files a real estate complaint--with New York State--what entity hears it? Is there any chance it is your Real Estate Board? (The one ... more
0 votes Share Flag Thu Nov 8, 2007 Home Buying in Wheaton
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