60402 : Questions & Answers

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tim moore, Real Estate Pro in Nags Head, NC
tim moore answered:
I have responded to many of the realtors asking to be contacted about homes I've seen on Trulia, not once has anyone contacted me. Why is this?
I am just the opposite. I get messages that someone wants info on a house. I send it and never hear back anything at all. It happens.
0 votes Share Flag Sun Feb 12, 2012 Home Buying in 60402
Lynn911.com…, Real Estate Pro in Dallas, TX
Lynn911.com Dallas Realtor answered:
what is deed reliable, but not guaranteed? also to buy but contigency to sell do reo banks give you chance to sell your house to buy one of theres?
Must REO will not consider a sales contract if requires you sell your home 1st. Best focus on your home sold then pursue another home purchase

Lynn911 Dallas Realtor & Consulta ... more
0 votes Share Flag Mon Mar 28, 2011 Home Selling in Berwyn
Raven Guzik, Real Estate Pro in Oak Park, IL
Raven Guzik answered:
if you live in Berwyn and sell and buy different house do still have to pay for stamps?
In the Town of Berwyn each transaction is subject to transfer stamps. They are customarily paid by the sell at closing. If you are purchasing a property than more than likely the seller ... more
0 votes Share Flag Fri Nov 18, 2011 Home Buying in Berwyn
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
I signed a business lease but it never receive occupancy do I still need to pay rent if they will not let me operate my business
Much will depend on your agreement and lease, review the documents--or consult with an attorney who specializes in real estate...
0 votes Share Flag Sun Mar 6, 2011 For rent in 60402
** Jeremy Gr…, Real Estate Pro in 07748
** Jeremy Gryvatz ** answered:
Need advice to buy rental properties in Berwyn
Hi Bsong. I can connect with a top foreclosure broker in Berwyn/Chicago. He can explains all the differences and go into detail about the compliance violation rules. Email me at jeremy@ ... more
0 votes Share Flag Wed Mar 2, 2011 Home Buying in Berwyn
Bill Eckler-…, Real Estate Pro in Venice, FL
Bill Eckler-Florida, answered:
a listed home has been on market for a while price is good and pictures of inside look good price good too why hasn't it sold?
Bubbles,

Some of the common detractors that interfere with what appears to be a great opportunity on paper are: taxes, HOA and other fees, neighborhood, community guidelines, proximi ... more
0 votes Share Flag Tue Mar 8, 2011 Home Buying in Berwyn
Bill Carey, Real Estate Pro in Charlotte, NC
Bill Carey answered:
How pickey and difficult is it to sell a home in Berwyn IL ?
I doubt that Berwyn IL is any different the other areas of the country. We are in declining markets in most areas of the country over 50% of the sales are foreclosures or distressed sel ... more
0 votes Share Flag Sun Aug 19, 2012 Home Selling in Berwyn
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
closeing costs and cash to close are two separate things?
Actually the cash to close will incorporate your closing costs. The cash to close will also include any down payment that you were required say 3.5% for fha or 5% for conventional and s ... more
0 votes Share Flag Sat Feb 23, 2013 Home Buying in 60402
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
18,000 saved want to sell present home to buy less expensive home is this enough ?for 3% down and all fees?
It depends on the sales price. Your first step should be to meet with a local and trusted loan offcier, be careful of giving out financials over the internet or email. They can prequail ... more
0 votes Share Flag Mon Jan 10, 2011 Home Buying in Berwyn
tim moore, Real Estate Pro in Nags Head, NC
tim moore answered:
how much are banks willing to go down on a house? people always want to negotiate the price?
If a bank is selling a house they foreclosed (known as an REO or foreclosed house) they might come off their listed price by a little. In my area I can look at bank owned homes and I se ... more
0 votes Share Flag Wed Oct 19, 2011 Home Buying in Berwyn
Dave, Home Buyer in Adrian, MI
Dave answered:
What are the four border streets for Berwyn, IL?
Berwyn's borders are
Roosevelt Rd on the north
39th Street (Pershing Rd.) on the south
Lombard Ave. on the east
and Harlem Ave on the west
0 votes Share Flag Sat Oct 8, 2011 General Area in Berwyn
Jack Flash, Real Estate Pro in Mount Prospect, IL
Jack Flash answered:
did 2414 scoville sell in berwyn il?
There is no recent listing for 2414 Scoville in Berwyn. There is a pending sale for 2413 that went under contract on 11/24 with an asking price of $160,000.
0 votes Share Flag Tue Dec 7, 2010 Home Buying in Berwyn
Peter Kedzior, Real Estate Pro in Arlington Heights, IL
Peter Kedzior answered:
Is it a good idea to try to sell a home at this time? trying to find something less expensive to have lower payment and shorter loan amt.
In this market, the very best idea is to sell your current property before finding one to move to. As you know, selling your home at the price you can live with could be a challenge giv ... more
0 votes Share Flag Tue Nov 30, 2010 Home Buying in Berwyn
Peter Kedzior, Real Estate Pro in Arlington Heights, IL
Peter Kedzior answered:
when buyer responsible for survey and stamps /escrow is this expensive?
In most cases in Illinois, seller pays for stamps and survey. Exempt from paying for stamps are the government-sponsored Freddy Mac and Fannie May. If you buy a foreclosed property, mos ... more
0 votes Share Flag Wed Nov 24, 2010 Home Buying in Berwyn
Jim McCowan…, Real Estate Pro in Arlington, VA
Jim McCowan (703) 395-0166 answered:
how long does a forclosed home stay on the market before they decide to lower the price?and when survey and stamps have to be purchased is it expensiv
The timing for any price change is up to the seller, whether it's a bank or an individual.
0 votes Share Flag Fri Nov 5, 2010 Home Buying in Berwyn
Suzanne Hami…, Real Estate Pro in Orland Park, IL
Suzanne Hamilton answered:
want to sell to buy cheaper home for shorter loan and smaller mortgage payment good move or not?
Bubbles -

This really depends on the numbers. If you are not losing equity or too much equity in your current home and will be able to sell it, it does not hurt to put it on the ma ... more
0 votes Share Flag Tue Nov 2, 2010 Home Buying in Berwyn
Jeffrey Stack, Real Estate Pro in 22182
Jeffrey Stack answered:
to purchase a forclosure is it a long process?want to buy something cheaper.
Foreclosures and the length of time it takes to ratify and go to settlement are completely based on who the note holder is. I would say in a best case senario you are looking at betwee ... more
0 votes Share Flag Wed Nov 3, 2010 Home Buying in Berwyn
Voices Member,  in
Voices Member answered:
i want to sell my home but when we got the heavy rain water came up threw the floor drain would i have to disclose that since it was due to city sewer
Bubbles, Any significant structural or functional issue with the home should be disclosed. If the event you described was a one time issue, and any water damage corrected it's not ... more
0 votes Share Flag Sun Aug 19, 2012 Home Selling in Berwyn
Bill Eckler-…, Real Estate Pro in Venice, FL
Bill Eckler-Florida, answered:
i want to sell my home but when we got the heavy rain water came up threw the floor drain would i have to disclose that since it was due to city sewer
Bubbles,

Our recommendation to our customers is " when in doubt, disclose, disclose, disclose....."
0 votes Share Flag Tue Oct 5, 2010 Home Selling in Berwyn
Laura Karamb…, Real Estate Pro in Downers Grove, IL
Laura Karambelas answered:
i want to sell my home but when we got the heavy rain water came up threw the floor drain would i have to disclose that since it was due to city sewer
Bubbles-

Disclose, disclose, disclose. There is a part on our Illinois Sellers Disclosure where you can write an explanation.

I hope this helps!

Laura Karambelas
Short Sale & ... more
0 votes Share Flag Tue Oct 5, 2010 Home Selling in Berwyn
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