60302 : Questions & Answers

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Tim Moore, Real Estate Pro in Nags Head, NC
Tim Moore answered:
How much to rewire a small 2 story house with a finished basement?
You would be better off speaking to an electrician about this. Rewiring can get very expensive. You can leave the old wire in place, but using it for high loads or where a ground is nee ... more
0 votes Share Flag Tue Apr 17, 2012 Remodel & Renovate in 60304
Patricia Dia…, Real Estate Pro in Oak Park, IL
Patricia Diane answered:
what is a conventional loan without pmi?
To avoid PMI you would need to put down a minimum of 20% loan to value.
0 votes Share Flag Fri Jan 27, 2012 Financing in 60304
blwegrzyn, Other/Just Looking in Oak Park, IL
blwegrzyn asked:
Loan Refinance - Best Rate I currently have a loan in amount of 161,000. I leave in Oak Park, IL. Last time when the appraisal was done the value was estimated to be 150,000 and I had second mortgage so I could...
0 votes Share Flag Wed Jan 25, 2012 Financing in 60304
Anthony Cava…, Real Estate Pro in Channahon, IL
Anthony Cavalea IV answered:
I want to list my condo but I know it will sell for WAY less than what I owe. There's no financial hardship-.I just want to get out of there.
You might be stuck. Does your building allow rentals?
0 votes Share Flag Fri Mar 23, 2012 Home Selling in Oak Park
Shanna Rogers, Real Estate Pro in Murrieta, CA
Shanna Rogers answered:
Cn you bid on a foreclosed property if an offer has been accepted?
Hi Low,

Have your Realtor check with the Listing Agent to see if they are accepting Backup Offers - some do, some don't. If they are accepting Backup Offers, that means the Bac ... more
0 votes Share Flag Wed Jan 4, 2012 Foreclosure in Oak Park
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
how is the market now to sell a studio condo?
If you need to sell, and are ready to sell, no reason not to consider the idea; invite a few local agents from different realty companies and ask for a cma, comparative market analysis; ... more
0 votes Share Flag Thu Dec 8, 2011 Market Conditions in Oak Park
Tim Moore, Real Estate Pro in Nags Head, NC
Tim Moore answered:
If a house is sent to auction by the bank what price do they ask
I think the bank usually bids what is owed (the loan amount) and since no one will want to pay that the bank usually gets it. At this point it is now theirs and from here they can sell ... more
0 votes Share Flag Sun Nov 20, 2011 Foreclosure in Oak Park
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco 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?
Your agent can better advise; in order to determine a fair offer review comps, recently sold similar properties in the immediate area, see what the data suggests and go from there.....
0 votes Share Flag Sun Feb 3, 2013 Home Buying in 60302
Gina Ziegler, Real Estate Pro in Marlton, NJ
Gina Ziegler answered:
I am an Oak Park condo owner and I am looking to rent out my unit. Is this something I should take on myself?
Yes. There are lots of free websites (Craigs List) that will find you renters. Ask you prospective tenants to run there own credit report on www.freecredit.com or any similar site. Have ... more
0 votes Share Flag Mon Sep 16, 2013 Rentals in 60302
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
who owns this home? is it currently for rent?
Probably is a scam. However, you didn't provide any information on the home, so it's impossible to say who owns it. You can probably find ownership information online--do an o ... more
0 votes Share Flag Mon May 30, 2011 Home Buying in Oak Park
Donna Karpav…, Real Estate Pro in 60302
Donna Karpavicius answered:
My 1600sf home currently has boiler heat (no AC). We want to remove radiators to gain extra space. Is it better to have 1 or 2 HVAC systems?
Is your home one or two stories? If two stories maybe go with 2, but with the size of the house one should be sufficient.
0 votes Share Flag Tue May 10, 2011 Remodel & Renovate in Oak Park
Cam, Home Buyer in 94043
Cam answered:
Dual Agency - Buyer Needs Advice. Offered over asking. Multiple appraisals came in low. Agent resorting to pressure tactics. Should I walk?
Here is some of the bad advice and pressure tactics that I feel I am getting:

- Take out a 2nd Loan (outrageous interest rate)
- Ditch your loan agent for another (no guarantee of h ... more
0 votes Share Flag Fri Apr 22, 2011 Home Buying in 60302
Anthony Cava…, Real Estate Pro in Channahon, IL
Anthony Cavalea IV answered:
When listing a property for rent on Craigslist, is it legal to request a higher rent from prospects represented by an agent (to net same rent price)?
Short answer: yes. The owner can charge whatever he wants and offer whatever commission he agrees to with his listing agent. But this would only work if the property is listed as exclus ... more
0 votes Share Flag Sun Apr 24, 2011 Rentals in 60302
Laurie Chris…, Real Estate Pro in Oak Park, IL
Laurie Christofano answered:
I'd like to find a realtor that has proven success with my type of property. How can I find this type of information? So many options with
Stephanie, without direct access to the multiple listing service, it will take quite a while to compile this information yourself. My team has sold over 30 homes in the Oak Park area th ... more
0 votes Share Flag Mon Jan 17, 2011 Home Selling in 60302
Dan Tabit, Real Estate Pro in 98074
Dan Tabit answered:
I would like to refinance my home for a lower interest rate, The balance is 85,000.00; my current rate is 5.75 fixed, 12 years left. What are points?
Refinance,
Points are a percentage of the loan amount. If you are borrowing $85,000 one point would be $850. Points are used to pay the origination fee to a lender and or pay to red ... more
0 votes Share Flag Thu Dec 9, 2010 Financing in Oak Park
Laurie Chris…, Real Estate Pro in Oak Park, IL
Laurie Christofano answered:
what are the pros and cons of an agent representing both seller and buyer. How do you negotiate in such situation as so the buyer, seller and agent?
When an agent represents both the seller and buyer, this is called dual agency and both parties must agree to it in writing. The agent has to act as an impartial mediator in the transa ... more
0 votes Share Flag Tue Nov 9, 2010 Home Buying in Oak Park
Stacy Carter, Real Estate Pro in Roswell, GA
Stacy Carter answered:
Is Oak Park considered a safe neighborhood?
Michael,
Realtors are not allowed to comment on the safety of particular neighborhoods. I can suggest that you go to the local police department to obtain crime statistics for the are ... more
0 votes Share Flag Tue Apr 2, 2013 Crime & Safety in Oak Park
Michelle Ort…, Real Estate Pro in Oak Park, IL
Michelle Orton Loftus answered:
We have 2 young children, one is 6 and the other is 2 - what are the schools like and are there plenty of things to do with them?
Hi Angela -- Oak Park is perfect for kids. I have a 5 year old and a 2 year old so the same age pretty much and there is plenty to do with the kids here. We've lived here about 4 y ... more
0 votes Share Flag Wed Feb 18, 2015 In My Neighborhood in 60302
Nancy Jarrett, Real Estate Pro in Oak Park, IL
Nancy Jarrett answered:
Refinance the ARM loan with the 2nd mortgage loan
I'm not a finance expert but I think it's a good idea to refinance while interest rates are low; who knows from day to day what is going to happen in this economy. The expert ... more
0 votes Share Flag Sun Jul 18, 2010 Financing in Oak Park
Mr.smith2010, Other/Just Looking in 60304
Mr.smith2010 answered:
what is the current interest rate based on ARM Index Name WSJ 6 MONTH LIBOR?
here is all info on loan: what would be interest rate if it adjusted today:

ARM Information
Scheduled/Pending ARM Information: Payment Calculation Information:
Next Scheduled ... more
0 votes Share Flag Sun Jul 18, 2010 Financing in 60304
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