Jeff Kropp

"Exclusive Buyer Agent"
  • I'm a:
  • Real Estate Professional
  • Company:
  • 1st Home Group
  • Location:
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  • Phone:
  • (773) 321-7022
Jeff Kropp, in Chicago
  • 73 Answers
  • 10 First Answers
  • 28 Useful Answers
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About Me
I have been an Chicago Exclusive Buyer Agent since 2002, helping over 200 buyers obtain financing and purchase a home in Chicago and its suburbs. I am a member of the National Association of Exclusive Buyer Agents (NAEBA) which means I am committed to helping buyers (never sellers) and adhere to a higher code of ethics when representing buyers than my peers.
Testimonials
"1st Home Group did a great job assisting us with our relocation from Arizona to Illinois. They really helped us zero in on a house in the correct price range and located in a great area close to where we would be working. We would definately use them again and would not hesitate to recommed them to our friends and family. We love our home! Thanks again for a job well done."
Andrew and Jill White Mon Jul 10, 2006
"I worked with Jeff to purchase my first condominium. With his help I closed on a foreclosure property, which gave me $40,000 in instant equity! Jeff was there for me every step of the way, including securing a loan. I highly recommend his services!"
Laura Donovan Sat May 10
"“You can count on Jeff to be in your corner. He listens to what you want, & doesn't waste your time with properties that don't fit. He'll make sure every detail is covered & fight for the best deal for you.”"
Carol Southern Tue Mar 18
My Q&A View all >>
Jeff Kropp's Questions (0)
Jeff Kropp's Answers (73)
Jen, Home Buyer in North Barrington

More affordable areas around Lincoln Park

Asked Mon Jun 30 2008, 13:53 by Jen  -  Lincoln Park  -  Home Buying  -  4 answers
Jeff Kropp answered:
The honest truth is that it is nearly impossible to find a one bedroom around Lincoln Park for under $200,000. There are some high rises along the lake, but those carry high assessments so in the end you might as well be paying 300,000 with normal assessments ($250 or less). You will have to travel far from Lincoln Park to get a one bedroom in that range- the neighborhoods will not resemble LP if that is what you are used to. Sorry. - Mon Jun 30 2008, 20:37
Louise, Home Buyer in Ireland

Can anyone tell me about this area? I am thinking of buying a new 2 bed/2 bath condo for $350 - any comments w

Asked Fri Jun 27 2008, 03:16 by Louise  -  60616  -  Home Buying  -  4 answers
Jeff Kropp answered:
This is Chinatown and it is an up and coming area. I would explore a number of different areas also, depending on where you will be working, etc. - Sat Jun 28 2008, 04:58
C, Home Buyer in Chicago

Can I get a home loan without a steady pay check but with money in the bank?

Asked Wed Jun 25 2008, 20:41 by C  -  Chicago  -  Financing  -  3 answers
Jeff Kropp answered:
As an independant contractor, the issue is that they use the average adjusted gross income from last two years. Most small business owners have very little adjusted gross income even if they do well, since they claim so many deductions. In the past, a stated income loan was available to these folks, which came with a slighter higher interest rate, as long as they had a decent down payment and good credit. However, stated income loans are not available any more since the meltdown, so there are few options unless you have actually reported a good deal of income over last two years. Of course, you need to speak with a pro as the others have advised. - Sat Jun 28 2008, 04:54
Venkata.k.sh…, Home Buyer in Chicago

Bought a condo in chicago in Dec of 07..There was a punch list of several items that the seller[builder]

Asked Fri Jun 20 2008, 16:09 by Venkata.k.sh…  -  Chicago  -  Home Buying  -  3 answers
Jeff Kropp answered:
I agree the broker bears little responsibility as your attorney should have protected you. It seems possible that your builder is not around (out of business). Did the listing office make representations with regard to the roof (on brochures or in the listing itself)? You may have some recourse there. - Tue Jun 24 2008, 03:52
Taylor J, Buyer & Seller in Naperville

How are prices holding up in the Lakeview area of Chicago?

Asked Sun Jun 22 2008, 22:53 by Taylor J  -  Chicago  -  Market Conditions  -  3 answers
Jeff Kropp answered:
Taylor, this area is actually appreciating to a small degree in certain pockets. If you buy near the el train you are making a sound investment no matter where the market heads. There was a recent article in the Trib about Lakeview specifically you'll want to read. Good luck! - Tue Jun 24 2008, 03:48
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What's this?
Specialties
I specialize in representing home buyers in Chicago. As a licensed loan professional, attorney, and exclusive buyer, I am able to assist buyers in ways other realtors cannot.
Experience
Latest:
Owner/Broker for 1st Home Group
Manage team of home buyer specialists.
January 2001—present
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