Mchenry County : Questions & Answers

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Melissa Kamp…, Real Estate Pro in 60156
Melissa Kampschroer Leetzow answered:
I have bad credit. My fiance has near perfect credit. Would it be in our best interest for him to apply for the mortgage on his own?
Hi Alglover

It would be in your best interest to speak with a Loan Officer, if you have not done so already to see what would be available for your particular situation.

If you ac ... more
0 votes Share Flag Tue Dec 28, 2010 Financing in Algonquin
Melissa Kamp…, Real Estate Pro in 60156
Melissa Kampschroer Leetzow answered:
what is the average time a home is for sale in forest ridge estates subdivision in spring grove illinois?
Good Morning Gina

According to the MLS there are only two listings at this time. One being a short sale on the market for 71 days at $339,900 and the other on for 37 days at a price ... more
0 votes Share Flag Thu Nov 26, 2009 Home Selling in Spring Grove
Alan May, Real Estate Pro in 60201
Alan May answered:
Are agents more motivated today for $ cash intensives?
I think they question you're asking here is "will offering a cash bonus (or incentive) to the buyer's agent help sell a property?"

Personally, as an agent, I don& ... more
0 votes Share Flag Sat Dec 11, 2010 Home Selling in Crystal Lake
Greg Olson, Real Estate Pro in Arlington Heights, IL
Greg Olson answered:
Were in nogotiations now to buy. But, I'm concerned that the accesed value of the home is 855 thousand and the seller wants 60 thou over.
Do you homework with your agent and put in your best offer. Tell them to take it or leave it. Even if you did overpay, the property will not appraise and you will be protected. This d ... more
0 votes Share Flag Sun Oct 4, 2009 Home Buying in Crystal Lake
Peggy S Baker, Real Estate Pro in 60010
Peggy S Baker answered:
I sold my condo, the HOA allowed 5 unit owners to rent, I will never get unit owner occupancya guidelines approved. Is this legal tht HOA can do this?
As I am somewhat unclear of your specific question, if the HOA has a policy withing their ByLaws and Condo Declaration that no renters are allowed, but in fact allowed 5 other owners to ... more
0 votes Share Flag Wed Sep 16, 2009 Home Selling in Crystal Lake
Mchenry Neig…, Other/Just Looking in 60050
Mchenry Neighbor answered:
Is there public transportation from McHenry to Woodfield Mall?
Yes, you can take the Metra NW line commuter train from McHenry to Des Plaines. At the Des Plaines Metra station, transfer to Pace Bus #208 which makes a stop at the Woodfield Mall.
0 votes Share Flag Thu Oct 29, 2009 Traffic & Public Transportation in McHenry
Nichole  Lat…, Real Estate Pro in Tinley Park, IL
Nichole Lathus answered:
What are the best areas of Crystal Lake to buy a house up to 350. Is Lake in the Hills a good option?

0 votes Share Flag Tue Jan 26, 2010 Quality of Life in 60014
Voices Member,  in
Voices Member answered:
First time homebuyer and have a question with interest rate buydown?
Hi Sjea, yes you can utilize extra funds towards either a smaller loan size or an interest rate buydown. Based on a $150K loan size as an example the payment difference between the $15 ... more
0 votes Share Flag Wed Jun 17, 2009 Home Buying in McHenry
Peggy S Baker, Real Estate Pro in 60010
Peggy S Baker answered:
have a home in Illinois that is being rented by sister, what is the best way to transfer this sale?
First, you must have an attorney draw up any papers for you and actually counsel you as to the precise steps needed. As a REALTOR, we cannot give legal advice, but the process is fair ... more
0 votes Share Flag Mon Jul 20, 2009 Home Selling in Crystal Lake
Voices Member,  in
Voices Member answered:
How do I display the stats on a property? How many BR, BA, SQFT, lot size etc?
Hello Brent,

Are you working with a Realtor now? I am a Realtor licensed in the state of Michigan. If you have access to the MLS then it should display that information for you on th ... more
0 votes Share Flag Sat Nov 3, 2012 Home Buying in McHenry
Mark Tracy, Real Estate Pro in Conroe, TX
Mark Tracy answered:
Can you appeal property taxes in McHenry county? Is the local government cooperative?
Yes, you can appeal your property taxes in McHenry County. Find out what township the property is located in and give the township office a call. They should give you direction is what ... more
0 votes Share Flag Fri Oct 9, 2009 Home Buying in 60013
Realty Execu…, Real Estate Pro in 60014
Realty Executives Cornerstone answered:
Short Sale/Preforeclosure/Forclosure questions and tips on negotiating the price
HI Eric,

The biggest difference betweena short sale and a forclosure is time. A forclosure is owned by the bank already and can respond to offers quickly. HOwever many times the ut ... more
0 votes Share Flag Thu Feb 19, 2015 Home Buying in 60102
Keith Sorem, Real Estate Pro in Glendale, CA
Keith Sorem answered:
In this market - we want to retire. Had home built 2 years ago for retirement. Now 6 months and only 2
See link below. You are in a tough market.

Interest rates at record lows.
Economy in the tank.

In most markets homes are selling, more this year than last year, but at much low ... more
0 votes Share Flag Mon May 18, 2009 Home Selling in Algonquin
Dana Schuster, Real Estate Pro in 70458
Dana Schuster answered:
Are any sellers willing to let someone just take over payments? How do you do this right protect the seller?
You really should contact a local agent to discuss the way this works in Illinois. it is different in every state. also your agent can explore properties which offer this option.
0 votes Share Flag Sun May 17, 2009 Market Conditions in Johnsburg
John Carlson, Real Estate Pro in Downers Grove, IL
John Carlson answered:
i would like to know how is the neighbourhood of wonder lake is it good or bad?
Wonder Lake like every town has good and bad points. The homes are extremely affordable and it is ideally situated in Lake County. If you have questions about safety you can contact the ... more
0 votes Share Flag Tue Apr 2, 2013 Home Buying in Wonder Lake
Scott Epstein, Real Estate Pro in Crystal Lake, IL
Scott Epstein answered:
Not sure whether to buy as investment or not?
Hi Deb,

First, it will be impossible to pick the low in the housing market as you will not know we were there until about 6 months after the fact. Could housing prices fall? Certainl ... more
0 votes Share Flag Wed Aug 12, 2009 Market Conditions in 60012
Tom, Home Buyer in Crystal Lake, IL
Tom answered:
How long for signed acceptance on forclosed house?????
I just recently bought a foreclosed home. I never had any issue with a PMI company, however the bank dragged their heels on my purchase as well. I made an offer, they sent me a letter ... more
0 votes Share Flag Sun Oct 10, 2010 Foreclosure in Crystal Lake
Rod, Home Seller in 60012
Rod answered:
Home Buying in Northwest Suburbs of chicago
I have noticed an important movement to the Northwest suburbs from the City due to the excellent quality of schools, family oriented neighbors, living cost and quality. Crystal Lake / ... more
0 votes Share Flag Thu Oct 1, 2009 General Area in 60014
Sam and Eliza…, Real Estate Pro in Riverside, CA
Sam and Eliza Othman answered:
How do you finance a foreclosure that needs a new furnace? I have funds for the furnace just can't put it in
You can get permission from seller to install the unit by providing the seller "Hold harmless clause" and specify when you are going to install, time and date. The seller should grant y ... more
0 votes Share Flag Mon Jun 24, 2013 Foreclosure in 60050
EdithJasser…, Real Estate Pro in 60093
EdithJasser YourRealtor4Life answered:
How about when the home isn't in foreclosure yet, 160 is owed to the first mortgage.....not sure what is owed
Not enough information to give you a good answer...
Are you the seller or the buyer?

what is your concern?
0 votes Share Flag Tue Jan 27, 2009 Home Buying in 60014
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