Home Buying in 62221 : Questions & Answers

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Alex Leuty, Real Estate Pro in O'Fallon, IL
Alex Leuty answered:
I was wanting to know if homes that are for sale that have been on the market for a while do the home owners rent the homes out?
It depends on the situation of the home owners. If they have another place to live and might not receive what they want for price on their property, they may decide to rent it out to of ... more
0 votes Share Flag Thu May 16, 2013 Home Buying in 62221
Alain Picard, Real Estate Pro in Puyallup, WA
Alain Picard answered:
What kind of deal can you get on a home forsale that is REO by Federal Home Loan Mortgage Corporation? What is the Federal home loan Mortgage Corp?
If the home was on the market before and didn't sell and it was going through foreclosure it was a short sale and many short sales never sell and end up being foreclosed on. They u ... more
0 votes Share Flag Thu Mar 8, 2012 Home Buying in 62221
Kristin Blan…, Real Estate Pro in 62269
Kristin Blankenship answered:
If a counter was made by the seller is it my decision or the realtors to counter back?
It is always your decision to counter offer. It is important to know that once you make a counter offer, the potential buyer is no longer under any contract to purchase your house and c ... more
0 votes Share Flag Sun Mar 27, 2011 Home Buying in 62221
John Walin, Real Estate Pro in Libertyville, IL
John Walin answered:
We had a counter offer on a house we said the offer was fine and our realtor countered back that they did not accept! Is this right?
Ah a bit of correction to other agents in Illinois... Written counter offers do not modify an unsigned contract. There is no contract unless contract signed by all parties. I read M J ... more
1 vote Share Flag Sun Mar 27, 2011 Home Buying in 62221
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