Home Selling in 60653 : Advice

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Juan Espinosa, Real Estate Pro in Chicago, IL
Juan Espinosa answered:
Recd an escrow refund check issued 10/2011 in 03/2012 but i Shortsaled that property in Dec.
I would recommend you call the attorney who did your short sale, ask him. If he says you had that coming than you are good to deposit, cash. Good luck.
0 votes Share Flag Sun Apr 22, 2012 Home Selling in Chicago
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
What is the best way to get yourself into REO's, and what designations are good to have when trying to obtain REO's?
Myrna first thing are desigantions are no substitute for experience in listing and selling REO homes. It is late to be getting into the REO field as listings start to decline. Banks are ... more
0 votes Share Flag Sun Mar 11, 2012 Home Selling in Chicago
Bill J Delig…, Real Estate Pro in ,
Bill J Deligiannis answered:
The data on this home is incorrect. It was built in 2003. How can this be changed?
Contact the Listing Agent and have them update it.
0 votes Share Flag Fri Mar 9, 2012 Home Selling in 60614
Joseph Hedri…, Real Estate Pro in Morton Grove, IL
Joseph Hedrick answered:
What are some effective ways to increase the value of your home before selling?
You should consider getting rid of "stuff". Put it in the garage, rent a storage, store at your relatives place. Consider the placement of furniture to have a good tour path. ... more
0 votes Share Flag Wed Jun 13, 2012 Home Selling in Chicago
jeff donnell…, Real Estate Pro in Saint Charles, IL
jeff donnellan answered:
If I cannot get any help from my bank for a refi (never late in 5 years) and FICO is good. Is it wrong to walk?
I would be happy to discuss all your options. You may have other options like renting or a modification. Give me a call or email me. 773-828-8151 jeffdonnellan@gmail.com
0 votes Share Flag Mon Feb 27, 2012 Home Selling in Chicago
Joe Schiller, Real Estate Pro in Chicago, IL
Joe Schiller answered:
Id like to short sell, but will not qualify. If I quit my job in order to go to school for a different trade would that be considered a hardship?
you dod not knoe enough about the business to determine if you can short sell- I do. please contact me via email
0 votes Share Flag Tue Mar 20, 2012 Home Selling in Chicago
Terry Farnsw…, Real Estate Pro in Lisle, IL
Terry Farnsworth answered:
Does anyone have experience doing a HomePath or HomeStyle Reno transaction?
Hi Dominic,

I've done many HomePath transactions - and I've found them (thus far) to be a great option for buyers. There is also no appraisal - unlike FHA - which tends to ... more
0 votes Share Flag Mon Feb 27, 2012 Home Selling in Chicago
Bill J Delig…, Real Estate Pro in ,
Bill J Deligiannis answered:
In your experience, what does a bank do with an REO property when the cost of repairs is more than the appraisal value for an area?
For most lower priced homes at most they will clear the home of any debris and then lower the price over time until it sells. These present good deals for cash buyers. For medium to hig ... more
0 votes Share Flag Mon Feb 6, 2012 Home Selling in Chicago
Dan Tabit, Real Estate Pro in Issaquah, WA
Dan Tabit answered:
What is the lowest commission that I can negotiate with my real estate agent in area 60634 to list my home?
Luke,
0 would the lowest number, but I doubt any agent would accept it. You may have the cart before the horse. There will always be some agents willing to work for less than someon ... more
0 votes Share Flag Tue Mar 10, 2015 Home Selling in 60634
Philip Sencer, Real Estate Pro in Chicago, IL
Philip Sencer answered:
I am in Illinois, can an invester buy my house on short sale and rent it back to me?
Sure, if you can find one. The lien holder does not care what happens after the sale. The big issue on short sales is whether or not the lien holder will come after you for the deficien ... more
0 votes Share Flag Fri Feb 3, 2012 Home Selling in 60649
Tom Kelley, Real Estate Pro in Chicago, IL
Tom Kelley answered:
What happens to a tenant who, has a lease and the property is being sold on a Short Sale?
I am not an attorney,however, typically in a short sale, unlike a foreclosure, the lease transfers to the new owner of the property. All the terms of the lease remain. As far as the ten ... more
0 votes Share Flag Tue Jan 31, 2012 Home Selling in Chicago
Larry Tollen, Real Estate Pro in Chapel Hill, NC
Larry Tollen answered:
Is there a "rule of thumb" for escrow deposits? Is there a standard percentage put down?
No, it's whatever the market will bear. In a buyers market they tend to be low, in a sellers market they tend to be higher. If you have no better offers on the table then my adivce ... more
0 votes Share Flag Thu Jun 11, 2015 Home Selling in Chicago
Philip Sencer, Real Estate Pro in Chicago, IL
Philip Sencer answered:
Has anyone seen a condo conversion done on a multiunit frame building in Chicago? If so, do they sell as well as their brick counterparts?
Yes, there are frame 2-3 flats that were converted to condos back in the bubble years. As you might expect they would not sell as well as brick. One issue tends to be that the bedrooms ... more
0 votes Share Flag Sat Jan 7, 2012 Home Selling in Chicago
Deborah Smith, Real Estate Pro in Oak Forest, IL
Deborah Smith answered:
I own a small studio in Uptown (Wilson and Beacon). If I want to sell it any time soon, how much of a haircut will I need to take (2005@$107,900) ?
Contact a realtor to run for you comparables in your area and give you also the time frame in which the comparables sold, this will give you a picture of what is going on with condos in ... more
0 votes Share Flag Wed Apr 9, 2014 Home Selling in Uptown
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
where do I go in Chicago to report realtor misconduct?
You can begin by contacting the agent's broker owner, and or office manager; you can contact the local Board of Realty; you can contact the State's Divison of Real Estate Lice ... more
0 votes Share Flag Wed Dec 21, 2011 Home Selling in Chicago
Joseph Inman, Real Estate Pro in Champaign, IL
Joseph Inman answered:
where do I go in Chicago to report realtor misconduct?
Hi Mike,
I'm not sure of your situation but the first place to start once you have talked to the REALTOR and have gotten no recourse from them, would be to contact his/her managin ... more
0 votes Share Flag Fri Jan 27, 2012 Home Selling in Chicago
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
As REO Brokers how are you held accountable for the eventual sale of a property when you have no control over pricing?
I believe you are giving too much credit for us in CONTROLLING our Clients:
This isn't 1965, we have a new breed, they are a lot more savy than they used to be.
Either Chicago is ... more
0 votes Share Flag Mon Apr 16, 2012 Home Selling in Chicago
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
What is the rule for agents when it comes to stating the number of bedrooms?
We have a process, on our computer, to point out errors and ommissions on Listings to the MLS:
I have seen a lot over the years; very few are malicious. Usually it is just oversight.
... more
0 votes Share Flag Sun Dec 4, 2011 Home Selling in Chicago
Philip Sencer, Real Estate Pro in Chicago, IL
Philip Sencer answered:
I bought my condo all cash, so I don't have a mortgage. I'm thinking of selling...should I use a realtor? Or should i just contact my
If you live in Florida, but can arrange showings and market the property then perhaps that can work. It depends on the market in your area/price point/supply-demand etc. This is a diffi ... more
0 votes Share Flag Tue Mar 25, 2014 Home Selling in 60618
Maria Morton, Real Estate Pro in Kansas City, MO
Maria Morton answered:
I have a Condo unit on the market and buyers are asking if it is FHA approved. How do I get FHA approved?
The condo HOA or board will have to be involved. First, check with the president of your condo's HOA to find out if they are on the list. If they are not, ask them if they would be ... more
0 votes Share Flag Thu Nov 10, 2011 Home Selling in Chicago
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