Home Selling in 60613 : Advice

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Jacqueline S…, Real Estate Pro in Chicago, IL
Jacqueline Smith, MBA, CPA answered:
Can a condo assoc stop the purchase of units for rentals if nothing is in the covenant? We are currently 50% rentals by one owner,
If it was not in the property report or the bylaws, the owners, not the board or management has to vote by either 66.67% or 75% to amend the rules. If the condo has the right of first r ... more
0 votes Share Flag Tue Jan 7, 2014 Home Selling in 60613
Mike Opyd, Real Estate Pro in Near North Side, Chi...
Mike Opyd answered:
If I sell my condo in Cook County, Illinois what are my expenses to sell it.
There are a few factors that can make this difficult to answer but for the sake of getting to complicated factor 6-8% of the purchase price.
0 votes Share Flag Tue Jan 7, 2014 Home Selling in 60613
Bill Eckler-…, Real Estate Pro in Venice, FL
Bill Eckler-Florida, answered:
On the settlement sheet it had due to buyer $xxxx then it had $2,500 as reconciliation of earnest money. Who gets that money and what does it mean?
Hey...which response here is "cheesey?"
Any guesses?
0 votes Share Flag Sun Apr 14, 2013 Home Selling in 60613
EP, Home Owner in Connecticut
EP answered:
My condo building has fallen to 41.7% owner occupancy (5 of 12). Will I be able to sell? We were FHA certified 3 months ago when our ratio was 50%.
what if my building has a total of 12 units; 6 owner occupied, 3 renters, and 3 for sale by owner but the owner is not living in the unit. Are those 3 considered owner occupied?

Wou ... more
0 votes Share Flag Wed Jan 16, 2013 Home Selling in 60613
Kristinpegram, Home Buyer in Forest Park, IL
Kristinpegram answered:
Has anyone used a guaranteed lease through Market Place Homes? It is a program offered through new home builders to guarantee rental income.
Mike- did you ever find anything else about this program? We have an interview with them on Tuesday. Thoughts?
0 votes Share Flag Thu Feb 16, 2012 Home Selling in 60613
Joe Schiller, Real Estate Pro in Chicago, IL
Joe Schiller answered:
Does anyone have experience with a new home builder agreeing to purchase your existing home, specifically in a different state?
price and terms is the game. the terms in this market are 70% of the value to accept risk. I want you to reduce your price 10% (90% of Value) and sell it and send me 10% for my ... more
0 votes Share Flag Sun May 1, 2011 Home Selling in 60613
Why Buy? Ren…, Both Buyer and Seller in Wilmington, NC
Why Buy? Rent! answered:
What is the typical commission I can expect to pay to an agent to sell my condo?
List it on your own: "FSBO." Very easy to do with a condo....oh yeah...the BEST part. Add 6% on to what you take home after closing. $200k condo? $12k in tax-free money. Good luck and c ... more
0 votes Share Flag Tue Mar 10, 2009 Home Selling in 60613
Eric Marcus…, Real Estate Pro in Chicago, IL
Eric Marcus (773) 244-1110 answered:
If I sell my condo for $230,000 in Cook County (Uptown) what can I expect to pay, as a seller,for closing csts
On Jan. 20, 2009 one of our Uptown client's condominium closed for $221,000 that we had listed for $229,000. The closing costs were:

Attorney Fee: $500
State/City Transfer Tax and ... more
0 votes Share Flag Sun Feb 15, 2009 Home Selling in 60613
Ken Dooley C…, Real Estate Pro in Chicago, IL
Ken Dooley CIPS, ABR, TRC answered:
How long does a property have to be de-listed from the MLS before it can be re-listed as a new listing?
Hi Joe,

You've received a lot of good information in the answers so far. I was inspired to create a blog post based on your question concerning market timing and inventory in 60613. ... more
0 votes Share Flag Sat Jan 31, 2009 Home Selling in 60613
Bob Brandt R…, Real Estate Pro in Schaumburg, IL
Bob Brandt Re/Max 847-230-7303 answered:
I pay taxes twice a year and just recently paid them on 7/1/08. If I close by 9/1/08 and pay closing costs
Since the cook county tax bills are not out yet for 2008 or even the second installment of 2007, I think what you paid on 7/1/08 was the first installment of the 2007. So you will proba ... more
0 votes Share Flag Mon Aug 18, 2008 Home Selling in 60613
Jim Roth, Real Estate Pro in Chicago, IL
Jim Roth answered:
We are planning to sell our 2 bed, 2 bath condo in Ravenswood (60013) by Sept 08. How soon should we list?
I would advice you to list as soon as you can, if you hope to get offers and accept a contract by Sept. 8th.
0 votes Share Flag Mon Sep 3, 2007 Home Selling in 60613
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