Marina, You need to work with an agent (and attorney) that you trust and have them advise you on this. With the proper precautions you can possibly do what you're asking but you need to be careful. No one on a website like this should offer you a quick answer to the questions you are asking without a great deal more detail.... more
Yes, please! I noticed you are in Winthrop Harbor, IL - that's precisely where we are looking to buy a home. We are first time buyers and we have a nice agent. The things still look very blurry for us... What kind of advice are you offering? We would greatly appreciate any information regarding this location.... more
Your credit score is essentially your credit report converted into a number. It's a way to standardize everyone's credit worthiness so that lenders are able to compare one borrower to the next. If you aren't able to get a rental under your name, you might try having a family member or friend with stronger credit co-sign the lease.
Hi KLJ...there are so many answers for that! Mostly because there are so many different conditions that affect the market. For instance, I live in Evanston which is a college town because of Northwestern University being here. So come the fall tons of rentals are being snatched up...there's a lot of activity then...but come summer it is very quiet. The closer to the college you get the more active it is. It could have a lot to do with demographics too. Age, Income, Jobs...there are so many possible factors and you do see trends in the market because of them. A new development in town could possibly have a lot more houses for sale than other areas of the city. Or a place with a lot of foreclosed homes could possibly have a lot more people trying to do short sales than in other areas. It is so variable....If I can help you in any way please feel free to call me anytime...for any reason. Stay in touch, Aislinn Ryan 847-707-1590 American Realty Network, Inc.... more