Sorry to hear you're leaving BUT there is always solution. In this instance you'd want to use a Realtor who has experience in the neighborhood and who has a successful business because we're able to truly represent you and your property the best. An attorney just won't have access to the MLS and won't have the ability to blast your home's listing to all of the major real estate websites which is where over 90% of buyers are actively using.
I have sold or am in the process of selling a handful of condos and homes around the 60618 area so I feel I would be a great help to getting your home sold at a price and timeline that works for you. Fortunately for you you'd be selling your condo in a very active market (much like 2013 was) and inventory is also still low so you 'shouldn't' have much trouble however I'd like to reserve all guarantees for when I would physically view your condo.
With that said I've been a Realtor since 2008 so have built my business helping people get out of the real estate bust days. Over the past couple years my business has grown exponentially with the help of my brokerage, @properties, and I've built a great step by step process that I use for each listing. I've also worked with many sellers who live out of state and I make the selling process easy for you by being in constant communication the entire way through from showing requests, showing feedback to sending marketing over to you and handling all negotiations, etc. Lots of information but would be happy to chat live if you're able.
3101 N. Greenview Avenue | Chicago, IL 60657
309-269-3499 CELL | 773-305-0480 FAX
have you thought about a short sale ? if you owe 180 and the house is worth 190 you will still owe at the closing because of the transaction fees. if it's only worth 175, or 150, you could owe tens of thousands !
If you do a short sale the bank will pay all the fees and usually waive the deficiency.
Feel free to call me to discuss. A consultation is 1,000% FREE and the short sale service is also free.
Realtor @ Charles Rutenberg Realty
Serving Chicago and Suburbs
'Helping Sellers of Short Sales Throughout Chicagoland'... more
A 1031 exchange may be available to you, but the new property will have to be the same type of property as what you are selling ("like-kind"). It's possible to avoid a taxable consequence when your property in Chicago if certain requirements are met. Trulia is great for a lot of things, but a complicated tax issue is not one of those things. Speak with an accountant or attorney about this.
The information in this answer provided by Attorney Ranj Mohip is general information and is not intended as legal advice, nor does the attorney intend to create an attorney-client relationship with any reader by answering this question or otherwise contributing as a member of Trulia.com.... more
If you are planning on selling your home in the next year the time to sell is definitely right now. This is not the bottom of the market and pricing is not expected to recover to where it is at now until the end of 2012. This is based on the following information:
The Macro Market Home Price Expectation Survey
Bank of America Pricing Forecast
Moody's Economy - possible scenarios
Moody's also states that with the wave of option ARM mortgages (adjustable rate mortgages) coming due there may be as much as another 20% decrease in home values that would push a home value recovery out to the middle of 2013. However most analysts are predicting another 5% decrease over the next two years.... more
Adela, I went online to http://www.cookcountytreasurer.com and found that it appears that your senior freeze is in place as your tax bill for 2009 on the second portion is $524.59. The records show that you have all three exemptions in place from their online records from 2005 to 2008. If the Senior Freeze, which is applied on the second portion of the real estate taxes were not in place, your real estate taxes would have gone up.
Your taxes for the first portion was $616.71 and the second portion is $524.59. Usually, the second portion is higher then the first payment in real estate taxes.
There is a garden apt in the building that is a foreclosure under contract right now listed for $37,900. The most recent sold in the building is $120,100 short sale but it is not a garden unit. It is not a good time to sell with comparables like that especially if there is a mold issue. I also was in that building and the garden apts needed extensive rehab. If your condo has been rehabbed you would probably be better off renting it out until the market gets better.... more