You should contact a lender ASAP to run your credit and make sure there's nothing on there that needs to be addressed. Addressing credit issues can take time. In addition, if you are a first time home buyer or have not owned a unit in the last three years, you may qualify for a grant of $7500 to help you buy a place.
A reputable lender that I can recommend to you is Bernard Duganzic at 847 508 0190 and he's with Key Mortgage
I can help you with your search, feel free to contact me
Baird & Warner Real Estate
773 677 5340
It would be a good idea to interview a few agents to find one your comfortable with. Have them set you up on a property search so you can monitor the areas your interested in for now. Spring is a good time for you to get out there an look actively. Plan a few months before your ideal move in date.... more
There are plenty of rental sites out there, if you're looking for a really low-cost apartment. Sounds like you're trying to rent, so don't bother with Home Buying questions. Walk around the neighborhood and see what management companies have buildings in the area. They don't always advertise online.... more
Hi if you are still interested in the Jackson Park highlands are, I have a double lot for sale! The owner has builder contacts and is also a licensed plumber. Please let me know if you or anyone is interested, great price, please drop me an email at email@example.com... more
As negative as the co-op experience is made out to be, there are some positive elements that haven't been mentioned:
1. You can meet all the neighbors before you buy. Don't like that nosy loud mouth who can't stop looking at your alternative footwear, just saved yourself a few hundred grand. Creepy guy upstairs from your prospective place, thank him for sparing you future nightmares. Imagine if you could meet your condo neighbors before you purchased, or meet all your new work colleagues. Life might look a lot more like Co-Op living.
2. You will have an opportunity to one day sit on a board and have the power to tell people that they are not worthy. That sounds very exciting.
3. You will always become a talking point at a party when the conversation turns to, "oh, I live in a co-op." "Really? I've always wondered about those. Please, tell me more"... more
I would really have your Realtor get answers to all these questions for you. WIth that being said I will put in my opinion. One short sale I have been working on has gone 7 weeks now with the bank asking for something new everyweek. I don't want that to be discouraging but it's also realistic. Banks are overwhelmed with the shortsales & forclosures and are not moving very quickly in many cases. The other offer maybe a back up as we many times will get backup offers on homes. I would be surprised if the bank was unaware of it though because they should be notified of all offers. Best of luck!... more