60605 : Questions & Answers

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James P. Mic…, Real Estate Pro in 60605
James P. Michaels answered:
I am interested in the South Loop area. What area do you want to stay away from? My price range is around 200k
email me at jmichaels@remax.net and I will send you my list of south loop properties
0 votes Share Flag Mon Jan 13, 2014 Home Buying in 60605
Michael Rose…, Real Estate Pro in 60654
Michael Rosenblum answered:
Can you break the contract, before closing???
based on the facts you provided you will lose you earnest money. the best answer will come from your attorney. did you use one? if not, call Judy DeAngelis at 847.223.7303.
0 votes Share Flag Mon Dec 2, 2013 Home Buying in 60605
Synthia Noble, Real Estate Pro in Crete, IL
Synthia Noble answered:
As a buyer, what banks are more responsive when dealing with a short sale property?
another consideration, if the short sale list price is preapproved. that can dramatically reduce the time frame and the headache factor. I am working on several BofA cooperative short ... more
0 votes Share Flag Sun Aug 11, 2013 Home Buying in 60605
Josh Marks, Real Estate Pro in Chicago, IL
Josh Marks answered:
Know of anyone who will do refi of "non-warrantable" (due to low owner occupancy) investment condo in DC?
Feel free to give me a call

Josh Marks
Cell: 847.867.5998
Direct: 773.303.0033
JoshMarksMortgage.com
Jmarks@wintrustmortgage.com
0 votes Share Flag Mon Jun 3, 2013 Financing in 60605
Santiago ken…, Real Estate Pro in Chicago, IL
Santiago kensel Sanchez - CDPE answered:
Can anyone tell me more about this building?
Email me i can email you back property history sales comps etc

BarcelonaRealtor@gmail.com
0 votes Share Flag Thu May 30, 2013 Home Buying in 60605
Santiago ken…, Real Estate Pro in Chicago, IL
Santiago kensel Sanchez - CDPE answered:
Will a buyers agent bother to show their clients a home that is listed as contingent? Reason I ask is
He will bother , but maybe is not allow by the listing agent
0 votes Share Flag Thu May 30, 2013 Home Buying in 60605
Santiago ken…, Real Estate Pro in Chicago, IL
Santiago kensel Sanchez - CDPE answered:
Purchasing a parking spot as an investment.
Run the numbers --200 to $300 per month plus dont forget that you have to paid real estate taxes every year
0 votes Share Flag Thu May 30, 2013 Home Buying in 60605
Santiago ken…, Real Estate Pro in Chicago, IL
Santiago kensel Sanchez - CDPE answered:
how much is needed these days for a downpayment to qualify for a loan for a mortgage?
3 % downpayment
Some banks they give you $6000 like first midwest Bank (only for first time buyers)
Call Nency at 773-330-3824
0 votes Share Flag Thu May 30, 2013 Financing in 60605
Bill J Delig…, Real Estate Pro in Chicago, IL
Bill J Deligiannis answered:
Non-warrantable Condo Refinancing at 15-year fixed rate
If you haven't found anyone yet, contact me and I can out you in touch with a lender that may be able to do it.
1 vote Share Flag Mon May 20, 2013 Financing in 60605
Tony Mitidie…, Real Estate Pro in 60491
Tony Mitidiero answered:
Does anyone have recommendations for well experienced short sale agents in Chicago?
I ran a fairly sizeable RE/MAX office in the southern suburbs for about 4 years 2007-2011. In that time period, as I'm sure you're aware, the market changed dramatically. I was faced ... more
0 votes Share Flag Mon Jan 21, 2013 Home Selling in 60605
Michael Vrie…, Real Estate Pro in Lincoln Park, Chicago,...
Michael Vrielink answered:
Two entries to a washroom or one large walk-in-closet?
For a one bedroom condo, my suggestion would be to go for the walk-in closet, however try to "keep" as much of the door as is possible. This helps you in case your future buyer really n ... more
0 votes Share Flag Sat Apr 14, 2012 Home Selling in 60605
Dana Dworin, Real Estate Pro in Marin County, CA
Dana Dworin answered:
Fireplace: keep or remove? I live at 910 S. Michigan (Michigan Ave Lofts) in their typical, smaller, one bedroom (875sf). If you know this
Hi Michigan Ave,

I would highly recommend that you keep the gas fireplace. It will add value to the property if you update it.

Consider over time, and as the budget allows, to re- ... more
0 votes Share Flag Wed Mar 16, 2011 Home Selling in 60605
Cheriamor Ho…, Real Estate Pro in Chicago, IL
Cheriamor Houston, REALTOR, ADPR, CNE answered:
I need a realtor who can help me find a 2 bedroom 2 bath townhouse in the South & West Loop areas of Chicago.
Hi Coty. Tell me what your price range is and I can find townhouses that match your criteria. The inventory is wide and I'm sure we can find just what you're looking for! I&# ... more
0 votes Share Flag Sat Mar 6, 2010 For Rent in 60605
Tricia, Both Buyer and Seller in Chicago, IL
Tricia answered:
Is it true that the new development called Park 1000, at 1000 S. Michigan Avenue, is going to be an L shaped
That has been planned that way for over 7 years. It's supposed to be, but no one really knows if that will ever be built.
0 votes Share Flag Mon Jul 27, 2009 Market Conditions in 60605
Voices Member,  in
Voices Member answered:
Library Tower
Hi Newintown,
As Christopher Thomas said, consult with your buyer's agent about your concerns. Continue to do your homework. Before jumping into the library tower development consider ... more
0 votes Share Flag Wed Apr 15, 2009 Home Buying in 60605
Voices Member,  in
Voices Member answered:
Should I use a bank or a mortgage banker to get a home loan?
Baley,
Greg is right, "the answer lies in the competency of the mortgage professional as generally the same mortgage products from the same sources are available either way." This ques ... more
0 votes Share Flag Tue Mar 24, 2009 Home Buying in 60605
Shirin Rezan…, Real Estate Pro in Chicago, IL
Shirin Rezania answered:
What is the hottest new construction development in 60605?
Hi Robert,

For your price range, you can get a 2BR/2BTH < $375K at THE MARQUEE at 1464 S Michigan. Or you can get a 2 BR/1BTH for $290K.

Copy/Paste this link:

http://chicagoto ... more
0 votes Share Flag Sun Jan 25, 2009 Home Buying in 60605
Bill Eckler-…, Real Estate Pro in Venice, FL
Bill Eckler-Florida, answered:
If you buy a residence out of state as a temp residence or investment property, do you still get to deduct the
Ricardo,

The best source for accurate information on this topis is a CPA of a tax accountant.

Good luck
0 votes Share Flag Sun Jan 11, 2009 Home Buying in 60605
Christopher.…, Real Estate Pro in Chicago, IL
Christopher.Thomas answered:
Should I go through with the pre-construction purchase or walk away the 50K earnest money already paid?
Dear Windycitygolfer,

I'm late to your thread, and you have a number of good responses here. I'd add the following:

Hire a real estate attorney if you don't already have one to r ... more
0 votes Share Flag Mon Dec 22, 2008 Rent vs Buy in 60605
Jeff Kropp, Real Estate Pro in Chicago, IL
Jeff Kropp answered:
I am interested in purchasing an REO in the Chicago area or Matteson,IL how do I get a list of whats
The straight answer is most are on the MLS (designated as bank owned homes in various ways) and available through a variety of ways, including a link a realtor can set up for you. Most ... more
0 votes Share Flag Fri Dec 5, 2008 Home Buying in 60605
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