Home Buying in 60302 : Questions & Answers

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Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
I'm looking for a rent to own property in Oak Park, how do I search for available listing?
Here's a link to a blog I wrote on how to find rent-to-own properties: http://bit.ly/findaleaseoption

One point: Many potential rent-to-own properties aren't listed that way. They'll ... more
0 votes Share Flag Wed Jun 12, 2013 Home Buying in 60302
Vanessa Will…, Home Buyer in Oak Park, IL
Vanessa Willey answered:
Does anyone know how to find rent-to-own condos or homes in Oak Park, IL?
Hi Brian- Rent to own was a popular solution for sellers during the 1980s when very high interest rates (which often topped 17%) limited the number of buyers. In this time period selle ... more
0 votes Share Flag Thu Mar 21, 2013 Home Buying in 60302
Paul Cagnina, Real Estate Pro in Illinois
Paul Cagnina answered:
What is the highest, best , fair and final offer for a bank owned property listed for $167, 750 MLS 07888478 that will have the vendor take notice?
Question is ambiguous. REO properties many times sell for over asking price. I tried to buy a REO at the offered price and someone paid $15,000 more than me. What's that about? Too m ... more
0 votes Share Flag Sun Feb 3, 2013 Home Buying in 60302
John Potter, Real Estate Pro in Cook County, IL
John Potter answered:
Dual Agency - Buyer Needs Advice. Offered over asking. Multiple appraisals came in low. Agent resorting to pressure tactics. Should I walk?
if you have a very strong and good appraiser adding different comps makes no difference to the value. it basically is a waste of time and money. If you have an appraiser that is no go ... more
0 votes Share Flag Fri Apr 22, 2011 Home Buying in 60302
Ron Rovtar, Real Estate Pro in Boulder, CO
Ron Rovtar answered:
is a morgage broker suppose to know yor ssn number?
Hi Dave:

In this day and age, you will have to provide your social security number and a lot more personal information. Not only does the mortgage company have to satisfy itself tha ... more
0 votes Share Flag Thu Apr 21, 2011 Credit Score in 60302
Al Akerman, Real Estate Pro in New Jersey
Al Akerman answered:
I'm hoping to downsize (townhouse or condo) and currently have a home with a mortgage that is likely higher than market value--any suggestions?

Because you are downsizing, there are provisions that might allow you to do a short sale and still be eligible for a loan immediately.

If the reason you are moving is becau ... more
2 votes Share Flag Sat Jan 2, 2010 Home Buying in 60302
Rick Szekely, Real Estate Pro in Oak Park, IL
Rick Szekely answered:
Interested in Lease/Purchase or Rent-to-Own in Oak Park.......
In Oak Park you will really need to contact a realtor to help you through the deal. Your approach will vary depending on whether you are looking for a home or condo. A realtor will be ... more
1 vote Share Flag Mon Sep 28, 2009 Home Buying in 60302
Lynn911.com…, Real Estate Pro in Dallas, TX
Lynn911.com Dallas Realtor answered:
Is it legal for an agent/owner to ask for a bill of sale in cash behind the bank's back on a short sale?
I have never heard of this... where is your buyers agent assist with all these questions?

All sales go thru a title company who transfer money to lender.

National Featured Realt ... more
0 votes Share Flag Thu Aug 13, 2009 Foreclosure in 60302
Mark Wingert, Real Estate Pro in Albuquerque, NM
Mark Wingert answered:
How do i get in touch with real estate brokers?
Talk to your friends and family to see their experiences with a realtor. Be sure the realtor your choose is full time. Check out their track record. See how they return your calls. ... more
1 vote Share Flag Sun Aug 9, 2009 Home Buying in 60302
Marion Digre, Real Estate Pro in 60302
Marion Digre answered:
what is the taxes for houses in oak park il?
A lot depends on price, size, area but the range for a single-family home is about $5000 on the low end to $40,000 or more on some of the large homes in the historic districts. If you c ... more
1 vote Share Flag Mon Jun 22, 2009 Home Buying in 60302
Ruthless, Other/Just Looking in 60558
Ruthless answered:
House for sale in Oak Park
Did you have any luck? What has happened?

I saw a house on HUMPHREY that closed for 44% of it's asking price for a 5 bedroom 2 bath home close in September for only $160,000 ... more
1 vote Share Flag Tue Sep 16, 2008 Home Buying in 60302
Mike Kelly &…, Real Estate Pro in Santa Rosa, CA
Mike Kelly & Allison Norman answered:
How do you price a comp?
"Comps" in this market can be extremely mis-leading. I believe a Realor or Agent specializing in a certain neighborhood are now worth their weight in closed escrows. This is because our ... more
1 vote Share Flag Fri Sep 14, 2007 Foreclosure in 60302
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