Dino Patras

  • I'm a:
  • Real Estate Professional
  • Company:
  • Coldwell Banker
  • Location:
  • Phone:
  • (847) 222-8743
Dino Patras, in Arlington Heights, IL
  • 16 Answers
  • 2 First Answers
  • 9 Useful Answers
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About Me
I pride myself in being a problem solver. If you allow me to be your personal Realtor, I guarantee you'll get the level of service that you deserve and an end result that will make you smile.
My Q&A View all >>
Dino Patras's Questions (0)
Dino Patras's Answers (16)
Elina, Home Buyer in 60612

What kind of loan would be the best if buying a foreclosure? Especially if the property needs to be fixed?

Asked Fri May 2 2008, 08:27 by Elina  -  60612  -  Financing  -  29 answers
Dino Patras answered:
I'm so glad I got an opportunity to read the "Good-day, I am Mr. Bill Richards" commercial!! - Yesterday, 15:52
I don't think everyone realizes how hard it is to get an FHA loan for a foreclosure. - Fri May 9 2008, 21:23
Allison metions the rehab loan which is definitely a decent option. I specialize in foreclosures and there a couple of things to keep in mind. Appraisers generally require that all utilities are turned on in order to do the appraisal. By the way, to get them turned on and off are a buyer's expense. If all utilities are in working order, and the property appraises out, you can generally get a conventional loan. Also, foreclosures require 2-3% earnest money (certified funds only). Good luck! - Fri May 2 2008, 15:38
Tracy, Home Buyer in 60160

Can buyer back out of a signed contract because the homeowner's insurance is higher than they thought?

Asked Wed May 14 2008, 08:08 by Tracy  -  60160  -  Home Selling  -  7 answers
Dino Patras answered:
Tracy,
It sounds like you are not using an attorney to represent you in this transaction. Although it is a Realtor's job to help you through every step of the home selling/buying process, issues like the one you are having are best handled by an attorney. I hope everything works out for you. - Wed May 14 2008, 10:31
Clarissa, Real Estate Professional in Homewood

How do HUD properties work? How long is the process?

Asked Sun May 11 2008, 21:25 by Clarissa  -  Chicago  -  Agent2Agent  -  3 answers
Dino Patras answered:
Clarissa,

HUD homes are definitely a pain, but just like anything, after you close a couple, you'll feel a lot more comfortable with the paperwork. Don't be scared. :) - Mon May 12 2008, 09:01
Fran, Buyer & Seller in 60067

How will a very low sale price (but not a foreclosure) factor into Comps?

Asked Fri May 9 2008, 12:14 by Fran  -  60067  -  Home Selling  -  5 answers
Dino Patras answered:
Fran,

It is not the same as a foreclosure and shouldn't affect an appraisal. However, a good buyer's agent will try to use it against you during negotiations. Be sure your agent is competent enough to handle it when it comes up. (most agents are) - Fri May 9 2008, 14:43
Robert, Home Buyer in New York

Buyer's Agent: Responsibilities?

Asked Fri May 9 2008, 08:16 by Robert  -  Chicago  -  Home Buying  -  9 answers
Dino Patras answered:
A good buyer's agent should be with you every step of the way through closing and beyond. If you value your agent, you will most likely value his referrals as well. - Fri May 9 2008, 10:41
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Certifications & Awards
Certified Negotiation Specialist--I will negotiate the best possible price for the home you are selling or the home you are buying. I take negotiations personally.

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